London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Michael Jordan’s ‘rarest’ trainers set to auction for more than $500,000 August 13, 2020 A rare pair of Michael Jordan’s trainers are set to fetch more than $500,000 (£420,000) at an online auction on Thursday. The basketball legend used the Nike Air Jordan 1 High sneakers in an exhibition game in 1985 and famously shattered the glass backboard with a dunk. British auction house Christies is auctioning 11 pairs [...]
US jobless claims fall below 1m for first time since pandemic began August 13, 2020 The number of Americans seeking unemployment benefits has dropped below 1m for the first time since the coronavirus pandemic began, official data today showed. According to the US labor department, 963,000 filed jobless claims last week, down 228,000 from the week before. The fall in claims was below estimates, with economists forecasting an extra 1.1m [...]
Deutsche Telekom lifts guidance as Sprint merger boosts revenue August 13, 2020 Deutsche Telekom today increased its guidance for the full year after the $23bn (£17.6bn) merger between T-Mobile and Sprint boosted second-quarter revenue. The figures Deutsche Telekom posted revenue of €27bn (£24.4bn) in the second quarter, up 20 per cent on the same period last year. Earnings before interest, tax, depreciation and amortization after leases jumped [...]
N26 in stand-off with staff as confidence in founders hits ‘all-time low’ August 13, 2020 Meetings between N26 staff to create a so-called works council are scheduled for today and tomorrow, despite the digital bank’s best efforts to stop employees organising with a legal injunction. The founders of N26 obtained an injunction against workers trying to establish a council earlier this week, after staff wrote in an open letter that [...]
New test and trace app will not alert one in three people after a positive test August 13, 2020 Almost one-third of people who should be alerted by someone else’s positive coronavirus test through the new NHS Test and Trace app will not receive a notification. The new app is being trialled in the Isle of Wight and Newham, East London, after the original one was scrapped during the testing phase. The app will [...]
The cold blast of popular opinion: ice cream maker Ben & Jerry’s takes on the home secretary August 13, 2020 It was a young political journalist who summed up one of the oddest political storms of the summer so far when she tweeted on Wednesday: “Who had ‘MP argues with ice cream company’ on their 2020 bingo card?” In case you missed it, the story in brief: Priti Patel, the home secretary, has been making [...]
Dignity shares rocket after funeral cost controls dropped because of pandemic August 13, 2020 Shares in funeral company Dignity surged nearly 40 per cent today after the Competition and Markets Authority (CMA) said it would not introduce price controls because of the coronavirus pandemic. Dignity shares jumped 38 per cent to 540p. The company said it was considering the CMA’s report in detail. An investigation into the sector, focusing [...]
Report: Apple to bundle services under ‘Apple One’ subscription August 13, 2020 Apple is reportedly planning to launch a range of subscription bundles that will give customers access to a selection of its digital services at a lower price. The bundles, dubbed Apple One, are set to be launched as early as October alongside the new generation of iPhones, Bloomberg reported, citing people with knowledge of the [...]
Forecasting the US election: should investors prepare for a new president? August 13, 2020 Our analysis shows that the US presidential race may be closer than it first appears, but investors should at least be questioning what a Biden win will mean for markets and policy. When it comes to forecasting the US election, on the face of it both macro modelling and polls point to a comfortable win [...]
Carlsberg warns on profit as sales slump August 13, 2020 Carlsberg has issued a profit warning for 2020 as it forecasts disappointing sales in the second half of the year. The Danish brewer saw a fall of 8.9 per cent in operating profits for the first half of 2020 and is expecting an overall drop of between 10 and 15 per cent for the whole [...]
