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Friday, March 22, 2019
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22 Mar 3:16pm Disney tops Hollywood hierarchy closing 21st Century Fox deal
The Guardian
Disney’s deal is a fightback against tech industry, Netflix and Amazon. Six changes to expect … Disney closed its
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22 Mar 3:04pm Updated Donald Trump and Xi Jinping miss a trick over trade | Jeffery Frankel
The Guardian
US-Japan agreement on structural reforms in 1990 could be model for current China talks President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment; and both sides agreed to reverse their recent tariff increases. Unfortunately, this is not the deal that is likely to materialise. For starters, Trump fixates on the bilateral US merchandise trade deficit. The Chinese could probably deliver on the verifiable – but worthless – step of committing to buy more US soybeans, natural gas and other commodities. But this would have little or no effect on the overall US trade balance because the US would export less soybeans and natural gas to other countries. Congressional Democrats would rightly point out that the gain was illusory, again highlighting the irrelevance of
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22 Mar 3:03pm Indonesian airline Garuda cancels order for 49 Boeing 737 Max jets
The Guardian
Company blames loss of passenger trust after Ethiopian Airlines and Lion Air disasters involving the aircraft The Indonesian carrier Garuda has become the first airline to scrap its order for the Boeing 737 Max, saying it was cancelling a multibillion-dollar deal due to lack of public trust in a jet which has
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22 Mar 12:59pm UK secures post-Brexit trade deal with group of Caribbean countries
The Guardian
Push to tie up rollover deals now covers about one third of UK’s £117bn annual trade The UK has signed a post-Brexit trade deal with a group of Caribbean countries including Jamaica and Barbados, as ministers scramble to sign as many agreements as possible before leaving the EU. The Department for International Trade said it had signed an economic partnership agreement with the Caribbean forum (Cariforum) of nations, helping to maintain the imports of good including bananas, rum and sugar to Britain.
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22 Mar 12:36pm Markets drop sharply as fears of global slowdown intensify
The Guardian
Dow Jones and FTSE 100 slump as eurozone output falls at fastest rate in almost six years Financial markets around the world have dropped sharply amid mounting fears of a slowdown in the global economy, after eurozone factory output fell at the fastest rate in almost six years. Friday’s losses on stock exchanges across Europe and on Wall Street came after figures suggested economic growth across the European single currency bloc remained weak in the first quarter of 2019, dashing hopes of a rebound from a
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22 Mar 12:29pm Let’s move to Winchester: where all is right with the world
The Guardian
The streets are lined with the homes of your dreams… just don’t expect anything edgy
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22 Mar 10:21am Updated Pound strengthens on Brexit extension - business live
The Guardian
The pound rises against the euro and the dollar after EU leaders give Theresa May a Brexit deadline extension
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22 Mar 9:58am Rich tennis fans vie for five-year, £100,000 Centre Court tickets
The Guardian
Demand will far exceed supply for Wimbledon debentures going on sale next week The super-rich will begin battling it out next week for some of the most expensive and exclusive sports tickets in the world: five-year passes for every match on Wimbledon’s Centre Court. The 2021-25
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22 Mar 8:58am Jaguar Land Rover wins landmark case against Chinese Evoque copycat
The Guardian
Carmaker says ruling first for industry, which complains of cheap Chinese replicas Jaguar Land Rover (JLR) has won a landmark court case against a Chinese firm that was selling a copycat of its Evoue model for a fraction of the price. A court in Beijing ruled
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22 Mar 8:43am Updated Manufacturing slump weighs on eurozone economy - business live
The Guardian
Eurozone business activity growth was weaker than expected in March after factory output fell at the fastest rate in six years
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22 Mar 6:56am Mike Ashley makes £100m offer for Danish arm of Debenhams
The Guardian
Move is latest tactic by Sports Direct boss to win control of ailing department store chain Mike Ashley’s Sports Direct group has offered to buy Debenhams’ Danish business, Magasin du Nord, for at least £100m in the retail boss’s latest tactic to win control of the ailing department store chain. The attempt came as Debenhams admitted that its attempts to raise cash to secure the future of the business could wipe out shareholders, including Sports Direct, which has a 30% stake.
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22 Mar 6:05am Thomas Cook to close 21 stores and cut jobs as part of efficiency plan
The Guardian
Travel giant will streamline its UK retail network as more customers book online Thomas Cook has announced plans to close 21 stores and cut back its retail workforce, with the loss of 320 jobs in total. The travel giant said the closures are part of plans to streamline its UK retail network as part of an efficiency programme and to address changing customer behaviour.
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22 Mar 3:00am Homes for sale in castles – in pictures
The Guardian
Treat yourself like a king with these five properties, from Buckinghamshire to Scotland
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22 Mar 2:00am Dirty lies: how the car industry hid the truth about diesel emissions
The Guardian
The ‘Dieselgate’ scandal was suppressed for years – while we should have been driving electric cars. By Beth Gardiner John German had not been looking to make a splash when he commissioned an examination of pollution from diesel cars back in 2013. The exam compared what came out of their exhausts, during the lab tests that were required by law, with emissions on the road under real driving conditions. German and his colleagues at the International Council on Clean Transportation (ICCT) in the US just wanted to tie up the last loose ends in a big report, and thought the research would give them something positive to say about diesel. They might even be able to offer tips to Europe from the US’s experience in getting the dirty fuel to run a little cleaner. But that was not how it turned out. They chose a Volkswagen Jetta as their first test subject, and a VW Passat next. Regulators in California agreed to do the routine certification test for them, and the council hired researchers from West Virginia University to then drive the same cars through cities, along highways and into the mountains, using equipment that tests emissions straight from the cars’ exhausts.
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22 Mar 2:00am Updated Indonesian airline Garuda cancels order for 49 Boeing 737 Max 8 jets
The Guardian
Company blames loss of passenger trust after Ethiopia Airlines and Lion Air disasters involving the aircraft Indonesia’s national carrier Garuda has cancelled a multibillion-dollar order for 49 Boeing 737 Max 8 jets
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21 Mar 8:01pm Top oil firms spending millions lobbying to block climate change policies, says report
The Guardian
Ad campaigns hide investment in a huge expansion of oil and gas extraction, says InfluenceMap The largest five stock market listed oil and gas companies spend nearly $200m (£153m) a year lobbying to delay, control or block policies to tackle climate change, according to a new report. Chevron, BP and ExxonMobil were the main companies leading the field in direct lobbying to push against a climate policy to tackle global warming, the report said.
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