News: Money

John Mulligan: O’Leary left on sidelines in battle for transatlantic skies

Sunday  02:00,   15 april 2018
Independent.ie

This could have been Ryanair’s move. The airline’s chief executive, Michael O’Leary, has long predicted the demise of Norwegian, but also long voiced his ambition to one day be involved in low-cost, transatlantic travel.Mr O’Leary has always[...]

SpaceX is plotting a funding round which would boost its value to $24bn

Friday  06:56,   13 april 2018
City AM

Elon Musk's SpaceX is plotting a new round of funding which could see its value skyrocket to almost $24bn (£16.9bn). The company hopes to raise $507m in a move that would make it the third highest-valued private company in the US. Filings[...]

BA Parent Mulls Bid for Budget Carrier Norwegian Air

Friday  06:56,   13 april 2018
MSN

British Airways parent IAG has built a small stake in Norwegian Air Shuttle and is considering a full takeover—doubling down on the booming market for trans-Atlantic budget travel. International Consolidated Airlines Group, as IAG is formally known, [...]

NTSB and Tesla executives clash over investigation into deadly California crash

Friday  06:55,   13 april 2018
The Washington Post

A heated dispute breaks out over whether releasing crash information early helps, or hinders, safety.Load[...]

Carpetright to axe 300 jobs and close stores under rescue deal

Friday  06:55,   13 april 2018
Press Association

The firm said it hopes to relocate staff where possible. The group – which employs nearly 2,700 staff in total – also confirmed an investor cash-call to raise around £60 million through a rights issue to put the company on a firmer financial[...]

Bitcoin price jumps to 2-week high in broad crypto surge

Friday  06:55,   13 april 2018
Reuters

Cryptocurrency prices jumped on Thursday, led by a surge in bitcoin to two-week highs, with people active in the market citing a squeeze on traders who have bet against prices, given a lack of obvious news to trigger the gains. On the[...]

Michel Barnier says Britain must stay permanently bound to EU regulations after Brexit if it wants a trade deal

Thursday  19:21,   12 april 2018
Business Insider

The EU's chief Brexit negotiator Michel Barnier says a future trade deal should bind the UK to EU standards permanently. LONDON — The EU's chief Brexit negotiator says he will insist on a "non-regression clause" in a future trade deal[...]

From little-known allowances to effective inheritance tax planning: Ten tips to keep more of your cash

Thursday  14:11,   12 april 2018
Daily Mail

In this essential report, we look at ten ‘ace’ ways in which you can beat the taxman and save yourself thousands of pounds.All new tax years provide the savvy with opportunities to beat the taxman. The latest one started last Friday and is no[...]

Facebook admits collecting data from non-users

Thursday  14:10,   12 april 2018
The Week

Mark Zuckerberg also says his own information was handed over to Cambridge AnalyticaFacebook chief executive Mark Zuckerberg has revealed that the social media platform collects data of internet users who have never signed up for the company’s[...]

Growth halved as Beast from the East hit all major sectors, think tank warns

Thursday  14:10,   12 april 2018
Press Association

An influential think tank has predicted GDP growth slowed significantly in the first quarter.The National Institute of Economic and Social Research (NIESR) estimates that gross domestic product (GDP) growth slowed to 0.2% in the first quarter of[...]

2,000 jobs at risk as Shop Direct closes three sites

Wednesday  20:33,   11 april 2018
Sky News

Shop Direct has announced it is closing three sites in Greater Manchester, impacting nearly 2,000 jobs. The online retailer, which owns Very.co.uk and Littlewoods.com said it will shut its sites in Shaw, Little Hulton and Raven from mid-2020[...]

Mark Zuckerberg gave his grueling, 5-hour testimony to Congress from a 4-inch booster seat

Wednesday  20:33,   11 april 2018
Business Insider

Mark Zuckerberg used a booster seat during testimony to Congress. The 5-foot-7 Facebook CEO's stature was boosted by the 4-inch black cushion.  [...]

The world has never been in this much debt

Wednesday  20:33,   11 april 2018
Business Insider

Global debt levels rose by $US21 trillion last year to $US237 trillion, the highest level on record. 80% of the increase in global debt levels over the past five years has occurred in emerging markets. With nominal GDP growing faster than debt in[...]

British Business Tells May It Wants EU Rules After Brexit

Wednesday  20:31,   11 april 2018
Bloomberg

British businesses overwhelmingly want to stick to European rules after Brexit, according to the most detailed sector-by-sector analysis of what companies need the U.K. to fight for in negotiations. The Confederation of British Industry, which[...]

China ready to win at 'any cost' in trade war

Wednesday  20:31,   11 april 2018
Sky News

China has fired the latest salvo in a possible trade war, saying it will take on the US "until the end at any cost".The warning from China's ministry of commerce came after President Donald Trump said he was considering $100bn (£71.5bn) in [...]