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Monday, July 19, 2021
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19 Jul 1:52pm UK bus privatisation breached basic rights, says ex-UN rapporteur
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 1:18pm ‘Step one to normality’: shoppers and workers test ‘freedom day’
The Guardian
From Stockport to Westminster, people in England ventured back out – masked or maskless – on the first day of reopening
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19 Jul 1:05pm UK bus privatisation beached basic rights, says ex-UN rapporteur
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 1:04pm Updated FTSE 100 in £44bn tumble as Covid fears hit global markets – business live
The Guardian
Rolling coverage of the latest economic and financial news, as global selloff wipes £44bn off London’s blue-chip index
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19 Jul 12:30pm US trading app Robinhood aims for $35bn valuation in IPO
The Guardian
Flotation follows rise in young people joining, often buying meme stocks such as GameStop Robinhood, the US trading app at the centre of the buzz surrounding meme stocks such as GameStop and the cinema company AMC, and cryptocurrencies such as dogecoin, is hoping to float on the New York stock market at a valuation of up to $35bn (£26bn). The online brokerage, which states its mission is to “democratise” investing, revealed the details of its initial public offering plans in a stock market filing on Monday, setting the stage for one of the most highly anticipated IPOs of the year.
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19 Jul 12:19pm UK bus privatisation has caused poverty and job losses, says UN
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 12:08pm Ocado shares fall as it cancels orders after robot fire
The Guardian
Customers in London and south-east England hit by cancellations after fire caused by three robots colliding Ocado’s share price has sunk to its lowest level in more than a year after it was forced to cancel thousands of orders following a fire caused by a robot collision at one of its warehouses. Customers concentrated in London and south-east England have had food deliveries cancelled after the fire on Friday at the fulfilment centre in Erith, south-east London.
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19 Jul 11:54am Updated Wall Street joins sell-off as Covid-19 worries hit global markets – business live
The Guardian
Rolling coverage of the latest economic and financial news
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19 Jul 11:11am Walmart told to pay woman with Down’s syndrome $125m for unfair dismissal
The Guardian
Wisconsin employee Marlo Spaeth wins discrimination lawsuit but Walmart says amount will be reduced to $300,000 A jury in federal court in Wisconsin ordered Walmart to pay $125m in punitive damages to a former employee with Down’s syndrome in a disability discrimination lawsuit, US employment officials announced.
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19 Jul 10:21am UK and allies accuse Chinese state-backed group of Microsoft hack
The Guardian
British foreign secretary says Beijing will be held to account if it does not stop ‘systematic cyber sabotage’ Britain has joined with the US and other allies in formally accusing Chinese state-based hacking groups of being behind the exploitation of an estimated 250,000 Microsoft Exchange servers worldwide earlier this year. The UK foreign secretary said the cyber-attack amounted to “a reckless but familiar pattern of behaviour”, in an announcement released on Monday.
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19 Jul 10:17am Wall Street joins sell-off as Covid-19 worries hit markets – business live
The Guardian
Rolling coverage of the latest economic and financial news
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19 Jul 10:00am Edward Snowden calls for spyware trade ban amid Pegasus revelations
The Guardian
NSA whistleblower warns of world in which no phone is safe from state-sponsored hackers if no action taken Governments must impose a global moratorium on the international spyware trade or face a world in which no mobile phone is safe from state-sponsored hackers, Edward Snowden has warned in the wake of revelations about the clients of NSO Group. Snowden, who
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19 Jul 9:33am Bank of England expert: tight policy not the right policy on inflation
The Guardian
Monetary policy committee member warns against choking off UK economy to combat inflation The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said. Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support from the government meant “tight policy is not the right policy”.
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19 Jul 8:59am Bezos to attempt his most ambitious delivery yet with Blue Origin spaceflight
The Guardian
First human spaceflight of Blue Origin’s sub-orbital New Shepard rocket to launch in Texas
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19 Jul 8:26am Ocado shares plunge as it cancels orders after robot fire
The Guardian
Customers in London and south-east England hit by cancellations after fire caused by three robots colliding Ocado’s share price has sunk to its lowest level in more than a year after it was forced to cancel thousands of orders following a fire caused by a robot collision at one of its warehouses. Customers concentrated in London and south-east England have had food deliveries cancelled after the fire on Friday at the fulfilment centre in Erith, south-east London.
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19 Jul 8:24am Tight policy not the right policy, says Bank of England expert
The Guardian
Monetary policy committee member warns against choking off UK economy to combat inflation The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said. Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support from the government meant “tight policy is not the right policy”.
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19 Jul 8:13am UK pubs and restaurants struggling to find staff before ‘pingdemic’ crisis
The Guardian
Hospitality firms had more than 100,000 vacancies between April and June, says ONS
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19 Jul 7:57am London attracts almost half of foreign investment into UK, says ONS
The Guardian
New figures highlight challenge faced by government in levelling up the British economy The government’s challenge in
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19 Jul 7:14am Appeal court quashes 12 more convictions in Post Office IT scandal
The Guardian
Former post office operators were wrongly convicted of offences due to defective Horizon IT system The court of appeal has cleared 12 more former post office operators who were wrongly convicted of offences because of the Post Office’s defective Horizon IT system. In April, 39 former post office operators who were convicted and in some cases jailed for theft, fraud and false accounting
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19 Jul 6:00am How a powerful US lobby group helps big oil to block climate action
The Guardian
The American Petroleum Institute receives millions from oil companies – and works behinds the scenes to stall or weaken legislation When Royal Dutch Shell published its
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19 Jul 5:26am China’s Tencent agrees to buy UK video games firm Sumo for more than £900m
The Guardian
Move expands Chinese tech company’s presence in the global video games market China’s Tencent has agreed to buy the
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19 Jul 4:56am Sir Martin Sorrell’s S4 Capital reports ‘post-pandemic rebound’ in economy
The Guardian
Advertising and marketing company upgrades profits despite growth of Delta Covid variant
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19 Jul 4:13am China’s Tencent buys UK video games developer Sumo for more than £900m
The Guardian
Move expands Chinese tech company’s presence in the global video games market China’s Tencent has bought the
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19 Jul 3:40am FTSE 100 hits two-month low amid growth and Covid-19 worries – business live
The Guardian
Rolling coverage of the latest economic and financial news
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19 Jul 3:15am ‘Frenzied buyer activity’ drives UK house prices to new high
The Guardian
Property site Rightmove says it expects official figures to show June was busiest month ever for sales Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom.
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19 Jul 3:13am Markets hit by worries over growth and Covid-19 cases – business live
The Guardian
Rolling coverage of the latest economic and financial news
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19 Jul 2:09am ‘I’ll be wearing a mask’: businesses and staff wary as England unlocking begins
The Guardian
Bira chief says guidelines fail to reflect rise in coronavirus cases, as workers fear employers won’t protect them
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19 Jul 2:00am Teachers’ Pensions delays have left me beyond hope
The Guardian
My husband died, and a year later I still can’t get his pension transferred
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19 Jul 2:00am Can we get a buy-to-let mortgage and use the house as a holiday let?
The Guardian
We’re hoping we could save as the tax incentives for furnished holiday lets are better
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19 Jul 1:56am US father and son jailed in Tokyo for helping Carlos Ghosn flee Japan
The Guardian
US army special forces veteran Michael Taylor was sentenced to two years and his son Peter for one year and eight months A Tokyo court has handed down the first sentences related to Carlos Ghosn’s
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19 Jul 1:00am MPs call for ‘long overdue’ reform of council tax property values in England
The Guardian
Tax is becoming increasingly regressive to the detriment of more deprived areas, committee says MPs are urging the government to carry out a “long overdue” reform of council tax property values in England. The housing, communities and local government committee said the tax was becoming increasingly regressive to the detriment of more deprived areas.
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18 Jul 7:01pm CBI and Marks & Spencer join calls for government to tackle ‘pingdemic’
The Guardian
Staff shortages threaten to close supermarkets and production lines, says lobby group that wants self-isolation rules loosened
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18 Jul 7:01pm ‘Frenzied buyer activity’ drives house prices to new high
The Guardian
Property site Rightmove says it expects official figures to show June was busiest month ever for sales Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom.
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