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- Reuters
Hong Kong forecasts average growth rate of 2.8% from 2021-2024
Hong Kong's economy is expected to expand at an average growth rate of 2.8% in real terms from 2021-2024, Financial Secretary Paul Chan said on Wednesday, as he announced his budget for the Asia financial hub. Chan also forecast 2020 gross domestic product to range between a contraction of 1.5%
- Reuters
Samsung Electronics says UK website error exposed data of 150 customers
Samsung Electronics Co Ltd said on Wednesday a "technical error" on its U.K. website temporarily exposed the personal data of about 150 users. The South Korean manufacturer said it stopped all users logging into the site after it became aware of the error, which it said has since been resolved
- Reuters
Oil rises on short-covering despite growing fears over coronavirus
Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0.8%, to $55.37 a barrel by 0154 GMT, while U.S. West Texas Intermediate
- The Independent
Climate activists and local campaigners to blockade mine in protest at expansion plan
Climate activists are preparing to shut down a coal mine for three days in protest at expansion plans.Extinction Rebellion (XR) is joining forces with local campaigners to blockade the open-cast coal mine in County Durham on Wedesday.
- PA Media: Tech
Looking for new skills online can help increase wages, new report suggest
A report by think-tank Demos supported by Google found that many people have used online learning to pick up new skills to earn a pay rise.
- PA Media: Money
House prices across England’s major cities ‘surpass pre-crisis peaks’
Prices in Newcastle passed 2007 levels in December, making it the final English city to reach the milestone in Zoopla's index.
Bloomberg UKKraft Heinz, Macy’s, Renault Add to Fallen Angel Fear
Feb.25 -- The credit-rating downgrades of Kraft Heinz Co., Macy’s Inc. and Renault SA to junk status are rekindling fears among investors of a potential uptick in so-called fallen angels after a run of relative tranquility in the U.S. corporate bond market. Matthew Mish, head of credit strategy at UBS
Bloomberg UKThe IPO Market is 'Shutting Down' Due to the Virus: Renaissance Capital's Smith
Feb.25 -- On "Bloomberg Money Undercover", Bloomberg's Lisa Abramowicz talks with Kathleen Smith, founding principal at Renaissance Capital. They discuss private company valuations, and the IPO market in the wake of coronavirus volatility.
Bloomberg UKHSBC Bank's Kittner: 'Opportunistic' in Euro High-Yield
Feb.25 -- Max Kettner, multi-asset strategist at HSBC Bank, talks about U.S. Treasury yields, developed-markets and emerging-markets stocks, and high-yield bonds. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Markets."
- Reuters
Exclusive: Autonomous driving startup Pony.ai raises $500 million in Toyota-led funding- sources
HONG KONG/BEIJING (Reuters) - Autonomous driving firm Pony.ai has raised around $500 million in its latest funding round, led by an investment by Japan's largest automaker Toyota Motor Corp , two people with direct knowledge of the matter told Reuters. Toyota's cheque of around $400 million
- Reuters
Asian shares slump, bonds rally as virus fears grow
Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. Japan was among the worst-performing market in the region, weighed by growing concerns the
- Reuters
Musk's SpaceX rocket production facility approved by Port of Los Angeles
SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles. The Los Angeles City Council granted a permit for the facility by
- Reuters
Economic contagion spreads beyond China to other Asian economies - Reuters Poll
Many Asian economies, which were just limping back to growth from the spillover effects of the 18-month long U.S.-China trade dispute, were again dealt a blow by the outbreak, which has shut down businesses and cities. Forecasts from economists collected Feb 19-25 showed that Australia, South Korea,
- Reuters
New UK finance minister Sunak should resist rewriting fiscal rules: IFS
New finance minister Rishi Sunak should resist the urge to rewrite Britain's fiscal rules ahead of the budget next month and he should make plain that any spending increases will mean more tax, a think-tank said on Wednesday. Sunak will deliver the first post-Brexit budget, which is expected to
- PA Media: Money
Chancellor Rishi Sunak urged to protect access to cash
Which? has written to Rishi Sunak ahead of the March 11 Budget, calling for legislation that protects cash for as long as it is needed.
- PA Media: Money
Parents face childcare postcode lottery as costs surge, report finds
Parents are now paying an average of £131.61 per week for a child aged under two, according to Coram Family and Childcare.
- PA Media: Money
Shop prices fall further amid weak consumer demand
The latest BRC Nielsen Shop Price Index revealed that prices have fallen 0.6% this month, compared with a 0.3% decline in January.
- PA Media: Money
CBI calls on businesses to publish ethnicity pay gap details
The trade group already publishes its own pay details by ethnicity and is urging organisations with more than 250 staff to do the same.
- PA Media: Money
House sellers’ asking prices ‘average nearly £3,000 per square metre’
The average price across England and Wales is £2,954, Rightmove said.
- Reuters
Trump warns of more U.S. sanctions on Venezuelan oil sector
The United States is preparing to impose more sanctions on Venezuela's oil sector, President Donald Trump said on Tuesday, in an attempt to choke financing to President Nicolas Maduro's government. "You will be seeing something on that in the not too distant future," Trump told a news
Bloomberg UKDisney Names Parks Chief Chapek as CEO; Iger Becomes Executive Chair
Feb.25 -- Walt Disney Co. named Bob Chapek, who led the company’s theme parks and consumer products businesses, as its new chief executive officer, abruptly ending years of speculation over who would succeed Bob Iger atop the world’s largest entertainment company. Chapek takes over immediately, while
Bloomberg UKSponsored Content Is a Big Opportunity Zone for Creative Marketing, Says Dovetale Founder
Feb.25 -- U.S. presidential candidates continue to spend big online. Mike Schmidt, Dovetale founder, discusses the loopholes contenders are able to exploit by using sponsored content. He speaks on "Bloomberg Markets."
- Reuters
Fiat Chrysler CEO Manley received 13.3 million euros in 2019 compensation - filing
Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by the company, the Italian-American automaker said in a filing on Tuesday. Compensation for Manley, who took over as head of FCA in July 2018
The U.S.-China Cybersecurity Relationship Remains Challenging, Says Demers
Feb.25 -- John Demers, U.S. Assistant Attorney General for National Security, discusses what the Trump administration alleges is major data thefts by the Chinese government. He speaks on "Bloomberg Markets."
Sky videoPrince Harry: 'There was no other option'
He said he and Meghan felt they had "no other option" than to leave the royal family, and "take a leap of faith.
