News: Money

Heathrow sees the busiest ever day in the airport's history - but passenger queues get longer

Saturday  19:15,   11 august 2018

More than 7.8m passengers passed through the gates during the month, fuelled by larger, fuller aircraft to the US and new services to Asia-Pacific. Nine new routes to Chinese destinations have opened over the past two years, with Hainan, Tianjin and [...]
News / Money

Turkish lira at record low as Trump doubles tariffs

Saturday  19:01,   11 august 2018

Turkey's currency slumped to a new record low as Donald Trump compounded the country's economic crisis by doubling steel and aluminium tariffs. The US president revealed the action on Friday as he noted how the Turkish lira "slides rapidly[...]

Elon Musk's tweet draws Tesla investor lawsuit over share price swings

Saturday  16:30,   11 august 2018

Elon Musk and Tesla Inc. were sued for manipulating share prices with the chief executive officer’s bombshell tweet that he was thinking about taking the company private and that funding was secure. Musk lied about funding so he could push shares[...]

How did House of Fraser get into this mess?

Saturday  16:15,   11 august 2018

Mike Ashley's takeover of House of Fraser represents yet another change of ownership in this turbulent company's history.The collapse that made Mr Ashley's takeover possible has been a long time[...]

NASA just gave $44 million to 6 private companies — including Jeff Bezos' Blue Origin — to develop 'tipping point' space technologies

Saturday  16:10,   11 august 2018

NASA just awarded six private companies a total of $44 million as part of the agency's "Tipping Point" program. The contracts are designed to help the commercial space industry test next-generation technologies like new moon-landing[...]

'Oil barons are behind plot to sink Tesla': An extraordinary claim emerges as the car maker's shares dip 5%

Saturday  11:15,   11 august 2018

Ross Gerber, the boss of US wealth manager Gerber Kawasaki, said short sellers betting against the company were being backed by Big Oil. He said it was in the interests of these firms to talk down Tesla because they stood to lose billions of dollars [...]

Mike Ashley's Sports Direct buys House of Fraser for £90m

Saturday  06:45,   11 august 2018

Mike Ashley's Sports Direct buys House of Fraser for £90mSky News exclusively revealed that Mr Ashley was close to an agreement after the accountancy firm EY was appointed the administrator for the 169-year-old department store[...]

The fabulous, beer-filled life of the reclusive billionaire party animal who just rescued House of Fraser

Saturday  04:35,   11 august 2018

LONDON - Eccentric British billionaire Mike Ashley is in the headlines again after purchasing iconic department chain House of Fraser in a £90 million deal. The iconic department store, which employs 17,5000 people across the UK, had been at risk of [...]

Hammond considering 'Amazon tax' for online retailers

Saturday  04:30,   11 august 2018

Philip Hammond says he is strongly considering introducing a so-called "Amazon tax" to try to rescue struggling retailers. In his strongest intervention on the issue, the Chancellor told Sky News he was thinking of introducing a special[...]

Turkish lira plunges further as Trump threatens tariff action

Friday  23:25,   10 august 2018

<p>Erdogan vows to fight back against ‘economic war’ as government prepares plan</p>The Turkish lira tumbled 12 per cent against the dollar as President Recep Tayyip Erdogan vowed to fight what he described as an “economic war” and Donald[...]

ECB concerns grow over EU banks’ Turkey exposure as lira slides

Friday  19:26,   10 august 2018

<p>Lenders from Spain, France and Italy viewed as vulnerable to weak lira</p><p></p>The Turkish currency has weakened throughout this year — so far, it has lost more than 35 per cent against the dollar in 2018, including a 12 per cent[...]

Turkish Lira Tumbles as Investors Panic

Friday  18:01,   10 august 2018

Turkey edged closer yet to a full-blown financial meltdown. Ahead of a much-anticipated public address by President Recep Tayyip Erdogan, the lira plunged more than 11 percent to a fresh record, headed for its worst week since 2001. Speaking outside [...]

Economy bounces back after Beast from the East

Friday  16:40,   10 august 2018

Britain's economy bounced back in the second quarter of the year after the Beast from the East cold snap almost brought growth to a standstill. The Office for National Statistics said the economy grew 0.4% in the three months to the end of[...]

Both Sides of Brexit Can Finally Agree: It’s a Joke

Friday  16:00,   10 august 2018

We’ve been following companies on the front lines of Brexit since the 2016 referendum. CEOs on both sides are dismayed.“There are no heroes here,” said Alasdair Pettigrew, the chief executive of Boxarr Ltd., a Bristol-based startup that designs[...]

Control immigration, but keep workers coming - UK employers

Friday  13:55,   10 august 2018

By William[...]