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FTSE 100 rises on stimulus and vaccine hopes but US futures slip
City AM

Travis Perkins' sales fell by over a third last quarter due to lockdown measures - but signs of recovery abound
This Is Money

Closing furlough scheme ‘a mistake’ which could see unemployment surge – report
PA Media

U.S. consumer confidence declines in July
Reuters

Fed wrestles with its next moves as virus stalls US economy

WASHINGTON (AP) — Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when the raging viral pandemic has weakened the U.S. economy. No major changes are likely when the Fed releases a statement Wednesday after its two-day policy meeting ends and just before Chair Jerome Powell holds a news conference. But the central bank is working toward providing more specific guidance on the...
Associated Press

Thyssenkrupp must quickly present strategy, steel solution - Deka
Reuters

Local Tories seek assurance over future of Bakerloo line extension

A number of Conservative councillors have written to transport secretary Grant Shapps to guarantee the future of long-awaited Bakerloo Line The post Local Tories ask Grant Shapps to ensure future of Bakerloo line extension appeared first on CityAM.
City AM

Spain's economy minister agrees 100% with ECB measures to support economy
Reuters

Cycle to work scheme: how does it work, how much you can spend and what can you buy?
T3

Altria expands sales of heated-cigarette as revenue slides

WASHINGTON (AP) — Marlboro-maker Altria said Tuesday that cigarette sales continued to decline in its last quarter as the company pushed to expand sales of an alternative heated-tobacco product. The Richmond, Virginia-based company reported second-quarter profit of $1.94 billion, or $1.04 per share, down 2.8% from the same period last year. Adjusted for one-time costs, the company would have earned $1.09 per share, better than the average Wall...
Associated Press

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The rich who want to pay more tax

As the coronavirus pandemic continues to ravage the globe, the predicted price of dealing with the fallout goes up – the most recent estimates suggest that the outbreak could cost the world up to a staggering $8.8 trillion (£7trn) according to the Asian Development Bank. A group of 83 of the world’s richest individuals have come together to demand that the wealthiest members of society, including themselves, pay more tax to help foot the bill in a "Millionaires for Humanity" letter, and it’s not the first time the super-rich have asked to contribute more than they currently have to. Here are some of the world’s wealthiest who want to pay up...
Lovemoney

A trading tool that's transforming the $10 trillion-plus corporate bond market
Reuters

Retailers return to meagre growth – survey
PA Media

Mitsubishi to retreat from British and European markets as the car maker forecasts a second straight year of losses
This Is Money

Coronavirus blackhole: What tax rises does the UK face?

Rishi Sunak’s first five months as chancellor has seen him shower the UK economy with hundreds of billions of pounds, The post UK tax rises: How will Rishi Sunak pay down the coronavirus deficit? appeared first on CityAM.
City AM

UK unemployment to hit 10 per cent, says report
City AM

Ex-Renault boss to be new CEO of Jaguar Land Rover

Thierry Bolloré, the former chief executive at French carmaker Renault (RNO.PA) has been named as the new chief executive of Jaguar Land Rover (TTM). “It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation,” Bolloré said in a statement. Bolloré was appointed as CEO of Renault in January 2019, after Carlos Ghosn was arrested in November the year before. Then he was abruptly...
Yahoo! Finance UK

S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May

WASHINGTON (AP) — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.7% in from a year earlier. That's a drop from the 3.9% increase in April and it was a smaller gain than economists had expected. Still, home prices have risen steadily despite the pandemic and lockdowns that have badly damaged the American economy....
Associated Press

Portugal selects multi-billion post-coronavirus hydrogen projects

Portugal selects multi-billion post-coronavirus hydrogen projects
Reuters

More disinfectant, fewer condoms: Reckitt Benckiser sees soaring demand for Dettol but social distancing hits Durex sales
This Is Money

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