UK markets open in 4 hours 54 minutes

  • NIKKEI 225

    28,641.13
    -181.16 (-0.63%)
     

  • HANG SENG

    29,650.36
    -508.65 (-1.69%)
     

  • CRUDE OIL

    52.48
    -0.29 (-0.55%)
     

  • GOLD FUTURES

    1,859.20
    +4.00 (+0.22%)
     

  • DOW

    30,960.00
    -36.98 (-0.12%)
     

  • BTC-GBP

    23,678.96
    +12.08 (+0.05%)
     

  • CMC Crypto 200

    654.76
    -22.14 (-3.27%)
     

  • ^IXIC

    13,635.99
    +92.93 (+0.69%)
     

  • ^FTAS

    3,752.00
    -34.06 (-0.90%)
     
Exclusive:

UK government warned 'little appetite' for ditching workers' rights as MPs vote

Experts said that a wave of potential reforms to UK employment law were more important than 'tinkering' with EU rules

Evertracker | Disrupt 2020

TC Video

Evertracker builds a smart logistics and supply chain platform that enables manufacturers and producers to get full predictability and transparency on an item level along global supply chains.

Latest stories

  • University of Arkansas Student Dies in Fraternity House Bathroom After Passing Out

    "There was no visible injury nor indication what happened," police said

  • UN chief urges global alliance to counter rise of neo-Nazis

    Secretary-General Antonio Guterres urged coordinated global action on Monday to build an alliance against the growth and spread of neo-Nazism and white supremacy and the resurgence of xenophobia, anti-Semitism, and hate speech sparked partly by the COVID-19 pandemic. The U.N. chief also urged international action “to fight propaganda and disinformation.” Guterres spoke at the annual Park East Synagogue and United Nations International Holocaust Remembrance Service marking Wednesday’s 76th anniversary of the liberation of the Auschwitz-Birkenau concentration camp, held virtually this year because of COVID-19.

  • U.N. chief urges business to take the lead on COVID-19, climate and global recovery

    U.N. Secretary-General Antonio Guterres on Monday urged businesses to lead the way to a fair and sustainable recovery from the COVID-19 pandemic while tackling the climate crisis, adding the world had reached "a moment of truth." Addressing a virtual meeting of the World Economic Forum - a gathering usually held in the Swiss ski resort Davos - Guterres spoke of global "fragilities" in climate, geopolitical divides, cyberspace and disarmament with growing risks of nuclear and chemical proliferation. "We need you more than ever to help us change course, end fragility, avert climate catastrophe and build the equitable and sustainable future we want and we need."

  • Bachelor Matt James Vows to 'Get to the Bottom' of Bullying in the House as 5 New Women Arrive

    After going on a one-on-one date with one of the five newcomers on Monday's episode, Matt declared, "I've seen all I need to see"

  • ‘The Bachelor’ Recap: Conflict Arises as New Arrivals Vie for Matt James

    SPOILER ALERT: Do not read if you have not yet watched the Jan 25 episode of “The Bachelor.” In the wake of last week’s departure of contestant Sarah Trott, Bachelor Matt James struggled. But while he concerned himself with what her exit said about him, some of the women were more than happy to see […]

  • This Just-Released $25 Loungewear Set Is Already Earning Perfect Ratings

    The two-piece set will last you well beyond the winter months

  • Northern Star Investment Corp. II Announces Pricing of Upsized $350,000,000 Initial Public Offering

    Northern Star Investment Corp. II (the "Company") announced today that it priced its upsized initial public offering of 35,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and will begin trading tomorrow, Tuesday, January 26, 2021, under the ticker symbol "NSTB.U". Each unit consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and redeemable warrants are expected to be listed on the NYSE under the symbols "NSTB" and "NSTB WS," respectively.

  • Rep. Liz Cheney's Office Slams Rep. Matt Gaetz — For Wearing Makeup, Of All Things

    Gaetz's boast that he does his own makeup for TV sparked a homophobic response from the Wyoming lawmaker's aide.

  • IMF to intensify focus on climate change's economic impact, Georgieva

    The International Monetary Fund views climate change as a fundamental risk to economic and financial stability, its chief said on Monday, mapping out the IMF's plans to help focus investments in green technologies that will boost global growth. IMF Managing Director Kristalina Georgieva told the Climate Adaptation Summit that global economic output could expand by an average 0.7% annually over the next 15 years and millions of jobs could be created if carbon prices rose steadily and investments expanded in green infrastructure.

  • World economy expected to barely regain 2020 losses in 2021 - U.N. report

    The world economy is expected to make a modest recovery of 4.7 percent this year after shrinking 4.3 percent in 2020 due to the COVID-19 pandemic - more than double the impact of the global financial crisis in 2009 - the United Nations said on Monday. The World Economic Situation and Prospects report by the U.N. Department of Economic and Social Affairs said developed economies shrank by 5.6 percent in 2020 are projected to recover 4 percent, while developing countries contracted 2.5 percent and are estimated to grow 5.7 percent in 2021. "It will remain critical that the G20 economies return to the trajectory of growth, not only to lift the rest of the world economies but also to make the world economy more resilient to future shocks," the report warned.

  • HHR: CA’s $2.6B Federal Rent Relief; Eviction Moratorium Extension ‘A Step in the Right Direction’

    HHR: CA’s $2.6B Federal Rent Relief; Eviction Moratorium Extension ‘A Step in the Right Direction’

  • Reckitt withdraws $1.4 billion claim against Indivior over U.S. opioid probe

    Indivior said on Monday former parent Reckitt Benckiser would withdraw a $1.4 billion claim against the company and it would pay the Dettol-maker $50 million to end a legal battle related to a U.S. probe into opioid addiction. The settlement offers some respite to the London-listed drugmaker after failed efforts to stop generic versions of Suboxone Film, its top-selling drug and subject of the U.S. investigation, hit sales as it was further battered by the probe. Reckitt and Indivior also agreed to drop all liabilities against each other and Indivior will not seek damages relating to its $600 million settlement with the U.S. Department of Justice and the $10 million it paid the Federal Trade Commission, the drugmaker said.

  • From Pony Ma to Jack Ma, the Rich Win Big With H.K. Stocks

    (Bloomberg) -- Pony Ma got $6.9 billion richer on Monday after one of the companies his Tencent Holdings Ltd. backs revealed its IPO plans, while Jack Ma’s public reappearance Wednesday added $1.6 billion to his net worth.Even though the Hong Kong market has proved particularly volatile lately -- the benchmark Hang Seng Index gave up more than half of its Monday gain on Tuesday -- it’s been one of the world’s highlights this month. Tencent and Alibaba Group Holding Ltd., along with food-delivery giant Meituan and carmaker Geely Automobile Holdings Ltd., were among the stocks helping propel the rally. Their top executives have made a combined $32 billion this month, and they’re not the only ones benefiting, according to the Bloomberg Billionaires Index.The Top 10 richest moguls with companies that have a primary listing in Hong Kong have added more than $60 billion of wealth in January -- or $3.8 billion for each trading day. This doesn’t include Jack Ma, whose Alibaba trades in Hong Kong but has its primary listing is in New York. His net worth is up $3.5 billion this month to $54.1 billion as he resurfaced in a video after weeks of speculation about his whereabouts following a Chinese government clampdown that had left his business empire in crisis.Read more: Jack Ma’s Video Chat Prompts a $58 Billion Sigh of ReliefEven China Evergrande Group’s Hui Ka Yan, whose net worth sank more than anyone elese’s in Asia last year, has regained $2.6 billion in 2021. His electric-vehicle startup said Sunday it’s selling HK$26 billion ($3.35 billion) of shares, triggering a 52% surge in the stock.While Hong Kong’s economy got badly hit from the coronavirus crisis and a political crackdown, money has kept flowing to the city. Mainlanders taking advantage of bargain prices after international investors were forced to dump some newly banned Chinese stocks have helped boost the market, just as concerns over stricter regulatory rules governing internet giants in China have eased. At the same time, companies linked to Chinese consumers -- like Meituan -- have benefited as the nation was one of the few able to control the Covid-19 pandemic and the government has pledged to increase consumption.The Hang Seng Index soared 11% in January through Monday, when it hit its highest level since June 2018. It dropped as much as 1.8% on Tuesday.Pony Ma’s $18.6 billion wealth surge this month is the biggest after Elon Musk’s, while Tencent co-founder Zhang Zhidong has gained $8.5 billion. Zhong Shanshan of bottled-water maker Nongfu Spring Co., who became Asia’s richest person at the end of 2020 and started the year by taking Warren Buffett’s spot as the world’s sixth wealthiest, has added $16.2 billion in 2021. Meituan’s Wang Xing has amassed $7.8 billion.Xiaomi Corp.’s Lei Jun is the only major tycoon whose net worth has dropped in January. The U.S. blacklisted the smartphone maker in an unexpected move that sank its shares a record 10% on Jan. 15.(Updates for market move in second, seventh paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Kristin Cavallari's Pal Justin Anderson Claims Southern Charm 's Madison LeCroy Is 'Making Stuff Up'

    "If everyone stops saying Madison's name … she'll stop making stuff up for attention," celebrity hair colorist Justin Anderson wrote on TikTok

  • Should baseball delay 2021 season over COVID-19? Maybe, but safety isn't driving MLB, union talks

    Health and safety amid the COVID-19 pandemic might point toward delaying the season. But it doesn't seem like MLB and the players are talking about that.

  • Investor payouts and job cuts jar with U.S. companies' social pledge

    When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the "purpose of a corporation" in August 2019, the then-chief of AT&T Inc promised to look out for the interests of all the wireless carrier's stakeholders, not just shareholders. Two months later, the Dallas-based company outlined a plan for cost reductions that also prioritized dividends and stock buybacks for shareholders, succumbing to pressure from $41 billion hedge fund Elliott Investment Management LP. Activist investor Elliott had said its proposals would deliver "substantial benefits" for shareholders, consumers and employees, but not everybody came out ahead.

  • How Shanghai saved thousands of Jews from the Holocaust

    As an infant Kurt Wick escaped almost certain death in a Nazi concentration camp by taking refuge in Shanghai, a little-known sanctuary for thousands of Jews fleeing the Holocaust.

  • 'Invasion Day' Protests Draw Large Crowds in Sydney

    Large crowds gathered in Sydney, New South Wales, for Australia Day protests on Tuesday, January 26, despite COVID-19 health orders limiting gatherings.This video shows groups piling into the Domain in Sydney, as speakers address the group.According to local media a march in the state’s capitol was cancelled after the New South Wales government rejected a request from rally organisers for an exemption from COVID-19 gathering limits. Credit: shaneohuallaigh via Storyful

  • Vucevic posts 13th double-double, Magic beat Hornets 117-108

    Nikola Vucevic scored 28 points and rookie point guard Cole Anthony added a career-high 21 points as the Orlando Magic defeated the Charlotte Hornets 117-108 on Monday night. Orlando snapped a two-game losing streak and bounced back from squandering a double-digit lead in the fourth quarter a night earlier in a loss to the Hornets. On Monday, Orlando led by as many as 20 points in the third quarter and took an 11-point lead into the fourth before Charlotte made a charge.

  • Italian TikTok influencers live the high life in Milan

    With dreams of the big screen but Internet in their veins, eight young Italian influencers are racking up followers as they spend their days in a Milan TikTok luxury loft.