Brazilian beef farms ‘used workers kept in conditions similar to slavery’

Workers on farms supplying world’s biggest meat firms allegedly paid £8 a day and housed in shacks with no toilets or running water

Brazilian companies and slaughterhouses including the world’s largest meat producer, JBS, sourced cattle from supplier farms that made use of workers kept in slavery-like conditions, according to a new report.

Workers on cattle farms supplying slaughterhouses earned as little as £8 a day and lived in improvised shacks with no bathrooms, toilets, running water or kitchens, according to a report from Brazilian investigative agency Repórter Brasil.

Since 1995, the report said, 55,000 Brazilian workers have been rescued by government inspectors from “situations similar to slavery”. While the number of investigations has fallen in recent years – 118 workers were freed in 2018, compared with 1,045 a decade earlier – that does not mean the situation has improved, just that inspections have been reduced, it noted.

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Top UK bosses are paid 115 times more than average worker, analysis finds

Vast gap in earnings described as ‘unfair’ and ‘repugnant’ by trade union leaders

Bosses of top British companies will have made more money by teatime on Wednesday than the average UK worker will earn in the entire year, according to an independent analysis of the vast gap in pay between chief executives and everyone else.

The chief executives of FTSE 100 companies are paid a median average of £3.6m a year, which works out at 115 times the £31,461 collected by full-time UK workers on average, according to research by the High Pay Centre thinktank.

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Where is Jack Ma? Chinese tycoon not seen since October

Alibaba co-founder has fallen out of favour with Beijing, but observers cautious about drawing conclusions

Speculation is mounting over the whereabouts of the Chinese billionaire Jack Ma, who has not been seen or heard in public for more than two months.

Ma, the co-founder and former chairman of the technology firm Alibaba, has fallen out of favour with China’s leadership. In late October, he stood alongside senior officials and delivered a blunt speech criticising national regulators, reportedly infuriating China’s president, Xi Jinping.

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‘He’s a risk-taker’: Germans divided over Elon Musk’s new GigaFactory

The Tesla project will put Grünheide on the map, but some say it is doing ‘irreversible’ harm to the environment

For the past 10 months, Silas Heineken has been flying a drone over one of Germany’s biggest building sites and posting the images on YouTube.

The 14-year-old self-named “Tesla Kid” has built a significant following, as tens of thousands tune in each week to see the latest developments in Elon Musk’s GigaFactory as it emerges at speed from the sandy ground of Brandenburg, south-east of Berlin.

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Bitcoin hits record high on 12th anniversary of its creation

Cryptocurrency passes $30,000 as financial institutions express growing interest

Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method.

Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (£22,000) mark for the first time, less than three weeks after first trading above $20,000.

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Labor calls on Coalition to do more for hard hit areas of Australian economy as jobkeeper cuts kick in

Government is withdrawing critical support when it is most needed and has no proper plan for jobs, federal opposition says

The Morrison government faces new calls to offer targeted support to businesses in the hardest hit parts of the Australian economy as the Coalition presses ahead with cuts to emergency wage subsidies from Monday.

Labor has accused the government of withdrawing critical support from the economy at a time when Covid-19 outbreaks in New South Wales and Victoria have sparked the return of tight domestic border rules and curbs on business activities.

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‘Peak hype’: why the driverless car revolution has stalled

As Uber parks its plans for robotaxis, experts admit the autonomous vehicle challenge is bigger than anticipated

By 2021, according to various Silicon Valley luminaries, bandwagoning politicians and leading cab firms in recent years, self-driving cars would have long been crossing the US, started filing along Britain’s motorways and be all set to provide robotaxis in London.

1 January has not, however, brought a driverless revolution. Indeed in the last weeks of 2020 Uber, one of the biggest players and supposed beneficiaries, decided to park its plans for self-driving taxis, selling off its autonomous division to Aurora in a deal worth about $4bn (£3bn) – roughly half what it was valued at in 2019.

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Coronavirus Australia live news: NSW reports eight new Covid cases while Victoria records three

Many customers of Sydney bottle shop are considered to be close contacts and must isolate for 14 days. Follow latest updates

MEDIA RELEASE: From 1am Monday 4 January, anyone who has been in Victoria on or since 21 December will be restricted from entering vulnerable facilities, including aged care facilities, hospitals, disability accommodation and correctional facilities.https://t.co/xd8p24VvdZ

Some more details on that cyclone warning from AAP.

A severe weather warning has been issued for far north Queensland as a tropical cyclone is expected to develop in the Gulf of Carpentaria.

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Ebullient analysts predict markets will weather the storm in 2021

Some forecasters, buoyed by the success of big tech and vaccines, are predicting 10‑15% gains

The new year is traditionally a time for looking forwards, for hopeful resolutions, for celebrating. But for economists and investors, the annual forecasts for 2021 might be something of a painful reminder of exactly how much they failed to foresee.

The pandemic quickly made a mockery of all projections. An entertaining analysis of US chief executives’ statements during 2020 by data company Sentieo for the New York Times showed a 70,000% year-on-year rise in the use of “unprecedented”, while “humbled” tripled – perhaps code for “it wasn’t my fault, so you should still pay me the same”. To be fair, though, in March it really did feel like nobody had a clue what to do – even governments, who are meant to have “pandemic” firmly on their risk radars.

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Tate & Lyle accused of betraying Cambodia families whose land was allegedly taken

UK company says it will keep trying to use leverage to get compensation from local supplier

Tate & Lyle has been accused of betraying 200 families in Cambodia who have fought for years to secure compensation for land they say was taken from them to make way for a sugar plantation.

Residents in Koh Kong, Cambodia, say their livelihoods, and their children’s futures, were devastated when their land was taken from them in a process that began in 2006. The land was later used to supply sugar to Tate & Lyle.

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Extend Covid measures or households face ‘cliff edges’, says Labour

Universal credit boost, ban on evictions and mortgage holiday must continue, party says

Many low- and middle-income households will face financial hardship unless ministers maintain support for those who have lost their jobs or experienced steep cuts in income during the second wave of Covid-19, Labour has said.

The shadow chancellor, Anneliese Dodds, said in a new year message to Rishi Sunak that the chancellor must extend a range of Covid-19 rescue measures due to run out over the next three months “to protect struggling households from financial ruin”.

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Football, flights and food: how the EU reshaped Britain

As Brexit’s tangible effects kick in, we look at the impact the EU’s most far-reaching project has had on British society

Historians of the future will judge the politics of the half century before the Brexit transition ended on 1 January 2021. What, though, of social and cultural historians, those who study how we live?

Perhaps the most symbolic cultural artefacts of the last 50 years will turn out not to be a blue flag but a bottle of Blue Nun, a block of mozzarella, a Ryanair boarding printout or a ticket to a Bayern Munich v Manchester City football game.

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French snail farmers lament sluggish year as Covid crisis dents sales

Escargots are traditional hors d’oeuvre at end-of-year celebrations that account for 70% of business

For France’s heliciculteurs, or snail farmers, 2020 was a desperately sluggish year.

With seasonal festivities all but cancelled, Christmas markets called off, a lack of tourists and restaurants shut down because of the coronavirus crisis, business has slowed to, well, a snail’s pace.

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Is the UK about to have liftoff in the global space industry?

With plans for satellite launches and investment in space-based solar, can the UK become a space super power?

In 1969, a British engineer was invited to the White House to meet President Nixon. His name was Francis Thomas Bacon and he had developed the fuel cells used on Apollo 11. Known now as Bacon fuel cells, these power sources consume hydrogen and oxygen to produce water, heat and, in theory, a continuous supply of electricity.

His invention was considered so integral to the success of the Apollo mission that Nixon told him, “Without you Tom, we wouldn’t have gotten to the moon.”

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‘Boris is a kipper’: fury and frustration at Brexit fishing deal in Brixham

Many at the harbour in the Devon town are concerned that their industry has been sold short

Anton Bailey had just taken a delivery of a new set of fishing nets and was patiently sorting them on the harbour-side at Brixham in Devon. The skipper, who first boarded a fishing boat four decades ago when he was just three, was feeling a mixture of optimism and frustration.

He is optimistic that when he chugs out to fish for pollock with his fresh nets in the new year he will be lucky and return with a good catch, but frustrated that, to his mind, the Brexit fishing deal has sold the British industry short.

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EU states unanimously back Brexit trade and security deal

Backing of EU27 paves way for new arrangements between UK and EU to come into force on 1 January

The post-Brexit trade and security deal has been unanimously backed by EU member states, paving the way for the new arrangements to come into force on 1 January.

At a meeting of ambassadors in Brussels, the 27 member states gave their support for the 1,246-page treaty to be “provisionally applied” at the end of the year. The decision will be formally completed by written procedure at 3pm central European time (1400 GMT) on Tuesday.

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Sunak suggests EU access for financial services will exceed Brexit deal

Chancellor aims to firm up agreements that would allow institutions to trade as if still in EU

Rishi Sunak has offered financial services firms the prospect of closer access to EU markets than outlined in the Brexit trade deal, after Boris Johnson conceded that this aspect of the agreement fell short of UK hopes.

With MPs and experts still poring over the 1,246-page details of the agreement ahead of votes in the Commons and Lords on Wednesday, increasing focus has fallen on the relative lack of provision for the service sector, which makes up about 80% of the UK economy.

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Facebook to close Irish holding companies at centre of tax dispute

Intellectual property to be repatriated to the US after IRS said it was owed $9bn in taxes

Facebook is winding up Irish holding companies it has used to channel billions of profits to avoid paying taxes in the US, the UK and hundreds of other countries.

The company’s main Irish subsidiary paid $101m (£75m) in tax while recording profits of more than $15bn in 2018, the last year for which records are available. Facebook companies around the world paid the Irish holding company for use of its intellectual property.

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Fishing chiefs cry ‘betrayal’ as MPs fear rush to ratify Brexit deal

‘UK caved in on fish to win a wider treaty’, industry bodies say, while leading Brexiter David Davis says one-day debate is ‘too fast’

Senior Conservative MPs late on Saturday expressed alarm at plans to rush the historic UK-EU trade deal through parliament in just one day, as fishermen’s leaders accused Boris Johnson of “caving in” at the 11th hour to clinch agreement on Christmas Eve.

And there were growing fears among senior Tories, who will spend the next three days poring over the 2,000-page agreement published on Saturday, that details in the fine print could still allow the EU to impose punitive tariffs on British exports if businesses fail to follow European rules.

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Future shock: how will Covid change the course of business?

The crisis poses a deadly threat to some sectors and creates opportunities for others. We examine how they will fare in 2021

Coronavirus has changed lives and industries across the UK, accelerating fundamental shifts in behaviour and consumption that were already on their way. Debates about home working, preserving local high streets and the ethics of air travel were bubbling away before coronavirus rampaged across the world, but the consequences of the worst pandemic in more than a century have either settled those arguments or boosted the momentum behind certain lifestyle changes. Here we look at how those debates have been changed – or resolved – by Covid-19.

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