Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Watchdog fears that social media giant’s takeover of Giphy may reduce competition
The UK’s competition regulator has opened an investigation into the proposed $400m (£320m) takeover of gif search engine Giphy by Facebook amid fears that the acquisition may reduce competition in the UK.
The Competition and Markets Authority (CMA) is inviting comments about Facebook’s purchase of a company that currently provides gif search across many of the social network’s competitors, including Twitter and the messaging service Signal.
Three-phased plan for Brexit border checks welcomed as UK formally rejects extension to transition period
Full border controls on goods entering the UK will not apply until July next year the government has announced, as it formally notified the EU it does not want an extension to the transition period.
The announcement of a three-phased plan for Brexit border checks was welcomed by industry leaders but represents the most dramatic change to international trading since 1993 when the single market was introduced.
Britain’s three biggest airlines have filed papers in the high court to seek an urgent judicial review of the government’s quarantine laws, which they say are having a devastating effect on tourism and the wider economy.
British Airways, easyJet and Ryanair say the rules, which came into effect on Monday and require passengers arriving from abroad to self-isolate at a single address for 14 days, are flawed and will cost thousands of jobs.
Dow Jones loses more than 1,800 points while S&P down 5% after US coronavirus infections hit 2m
Stock markets tumbled in the US and Europe on Thursday amid growing fears over the long-term economic impact of the coronavirus pandemic.
The sell off started after the US labor department announced another 1.5 million people had filed for unemployment benefits and the number of coronavirus infections passed 2m even as states across the US continued to relax their quarantine measures.
Carolyn Fairbairn says most UK businesses cannot prepare for no-deal during Covid-19 crisis
Business leaders have pleaded with the government not to walk away from Brexit talks without a deal after Michael Gove claimed the Confederation of British Industry supported no extension to the transition period.
The CBI’s director general, Carolyn Fairbairn, said to crash out without a deal would be a “major block to recovery”.
Anglo-Dutch conglomerate denies U-turn after finally choosing the UK capital over Dutch city as its HQ
Unilever has picked London as its home in an about-face on the company’s 2018 decision to “go Dutch” which was abandoned after a revolt by British shareholders.
Despite a fresh internal review that this time selected London rather than Rotterdam as the location of its headquarters, the Unilever chairman, Nils Andersen, insisted it was not a flip-flop but a pragmatic way to complete an overdue overhaul of its unwieldy corporate structure.
Exclusive: WA minister gave consent to BHP plan just three days after Juukan Gorge site was blown up by Rio Tinto in a move that has horrified the public
Mining giant BHP Billiton is poised to destroy at least 40 – and possibly as many as 86 – significant Aboriginal sites in the central Pilbara to expand its $4.5bn South Flank iron ore mining operation, even though its own reports show it is aware that the traditional owners are deeply opposed to the move.
In documents seen by Guardian Australia, a BHP archaeological survey identified rock shelters that were occupied between 10,000 and 15,000 years ago and noted that evidence in the broader area showed “occupation of the surrounding landscape has been ongoing for approximately 40,000 years”.
Inditex seeks to boost online retailing as coronavirus causes 44% sales slump
The owner of Zara will close as many as 1,200 stores around the world as the clothing retailer tries to boost online sales during the chaos wrought by the Covid-19 pandemic.
Inditex said it would “absorb” between 1,000 and 1,200 mainly smaller stores, with losses concentrated among older shops from brands other than Zara. The Spanish company’s other brands include Bershka, Pull & Bear and Massimo Dutti.
Retailer paid $109m in dividends just weeks after cancelling clothing orders, leaving suppliers in Bangladesh facing financial crisis
Kohl’s, one of the US’s largest clothing retailers, cancelled millions of dollars worth of existing orders from Bangladeshi and Korean garment factories just weeks before paying out $109m (£85m) in dividends to shareholders, the Guardian can reveal.
The company cancelled orders of clothing worth approximately $100m from Korea and $50m from Bangaldeshi factories after the Covid-19 pandemic struck, and refused petitions from suppliers asking for the option to renegotiate payments.
Three new cases of Covid-19 reported were all from overseas travellers and are in quarantine; Queensland high court calls requests from lawyers to access border closure documents ‘a fishing expedition’. Follow live updates
Pat Dodson has spoken in the Senate on the issue of Indigenous deaths in custody:
Thirty years ago, the royal commission that I was part of made recommendations to the parliament - 339 recommendations.
That Commission had been set up by the government. And at that time, there were 99 deaths that we were concerned about in this nation to effect a national Royal Commission never got over 400 deaths since that Royal Commission, and we have 30 years that have passed that have not addressed the underlying issues that give rise to people being taken into custody and consequently die in custody.
Tony Burke’s answer to that same question:
Her politics feeds on outrage. It effectively – for all the talk of proud nationalism, that party has imported an American style of politics here.
I don’t want that style of politics here. I don’t particularly want to join the outrage, because that in fact elevates what she said. I would simply refer to it in the way that I guess One Nation wouldn’t want it referred to – that is importing foreign politics into Australia. We should be better than that. And most of us are.
Penny Mordaunt tells MPs she hopes to have post-Brexit deal agreed by autumn
The UK government will tell the EU on Friday it is not going to seek an extension to the Brexit transition period, the paymaster general, Penny Mordaunt, has said.
She told the House of Commons in an update on Brexit talks that she and Michael Gove would “emphasise that we will not be extending the transition period” when they meet EU counterparts at a Brexit joint committee meeting on Friday.
National Bureau of Economic Research says economic growth in the US peaked in February and has since entered its first downturn since 2007 to 2009
The United States is officially in a recession, ending the longest economic expansion in US history, the committee that calls downturns announced on Monday.
The National Bureau of Economic Research (NBER) said that economic growth in the US peaked in February and has since entered its first downturn since 2007 to 2009.
Relatives claim they secretly recorded Sir Frederick Barclay to protect family business
Sir Frederick Barclay’s nephews have said they felt it was “necessary and reasonable” to bug the conservatory of the Ritz hotel after becoming concerned that their billionaire uncle’s conduct could potentially damage the family’s business empire, according to documents lodged at the high court.
Barclay, 85, and his daughter, Amanda, are suing three of his twin brother Sir David Barclay’s sons – Alistair, Aidan and Howard, and Aidan’s son Andrew – over 1,000 conversations secretly recorded at the Ritz hotel across several months.
The government is reportedly ready to let beer gardens open from 22 June as part of plans drawn up by a group of ministers, dubbed the “Save Summer Six”, who are looking at ways to restart the hospitality industry earlier than initially planned, writes my colleague Rob Davies.
The proposals, first reported in the Financial Times, would allow some of the 27,000 UK pubs that have outdoor space to serve customers for the first time in three months.
UK airline and travel stocks are up, for once, despite the new quarantine rules. The cruise operator Carnival is the biggest riser on the FTSE 100 index, up 14%, while BA owner IAG is 6.9% ahead and easyJet has gained 5.5%.
As reported earlier, Ryanair boss Michael O’Leary said the airline would fly through the 14-day UK quarantine, which he described as “rubbish”. Britain’s three biggest airlines – Ryanair, easyJet and IAG – have begun legal proceedings against the government over the quarantine rules, which they argue are illogical and unfair, and come months late.
Nigeria and Iraq also agree to cuts as prices begin to recover with coronavirus lockdowns easing
Opec, Russia and allies have agreed to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.
The group, known as Opec+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.
Germany amazed the whole continent with last week’s stimulus package, but it paves the way for countries such as France to agree an effective coronavirus response
From champion of austerity to Europe’s biggest spender – Germany has travelled a long way in just a few months. The notoriously frugal ministry of finance has agreed to spend €130bn – a sum equal to 4% of national income – on more than 50 initiatives to promote growth across the country.
This breathtaking investment programme comes on top of the almost 30% of GDP the government has so far spent on rescuing businesses and protecting jobs during the coronavirus crisis.
Barcelona-based firm is thought to have fought off bids from Unilever, L’Oréal and Shiseido
The celebrity makeup artist Charlotte Tilbury has handed a control of her namesake makeup and skincare empire to a Spanish fashion and fragrances business in a deal that could have valued the company at up to £1bn just seven years after she started it.
Tilbury, 47, personally owned between half and 75% of the company until signing a deal with the Barcelona-based Puig will likely have handed her a cash payout worth tens of millions of pounds. The Spanish firm also owns brands including Paco Rabanne, Jean Paul Gaultier and Nina Ricci.
And in one bound she was transformed. For Angela Merkel, the days of being lampooned as the archetypal Swabian housewife keeping tight control over the purse strings are over. Now, courtesy of a €130bn (£116bn) stimulus package, she is the spend, spend, spend chancellor.
Make no mistake, much of the past criticism of Germany’s frugal approach to government spending and budget deficits was justified. Saving some money for a rainy day is one thing but running surpluses worth 8% of national output was unnecessary and harmful to the global economy.