Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Britain’s net zero by 2050 goal may have impact on whether existing policies are reassessed
Britain’s move to “net zero” carbon and the declaration of a climate emergency in parliament will be “given careful consideration” in deciding whether to grant a review of Heathrow airport’s expansion, the government has said.
The new approach falls well short of any commitment to review Heathrow’s expansion, but means the decision on whether to grant campaigners’ request for a review will include the net zero target and the climate emergency among its criteria.
Stock traded considerably lower than $100bn the ride-hailing app had hoped to achieve
Uber’s hopes of a surge in the price of its shares have fallen flat, as investors gave the taxi-hailing app’s eagerly anticipated stock market float a frosty reception by sending the shares below their launch price.
Uber put a price of $45 on its shares valuing the company at $80bn (£61.4bn) – well below the $100bn it had once hoped to achieve – amid jitters among investors at the lacklustre performance of shares in rival Lyft since its recent float.
Britain’s construction sector grew by 1% in the last quarter, as building firms got busier.
But Clive Docwra, managing director of construction consulting and design agency McBains, says Brexit is still hurting the sector.
“Today’s figures mark another increase in output, coming after last month’s statistics showed unexpected moderate growth during February.
“However, this was driven by repair and maintenance - there was no growth in new work across the first quarter of the year, including a decrease in private commercial and housing work.
Britain’s politicians are predictably split on whether the UK is romping along healthily, or simply scrambling to protect itself from Brexit.
The Chancellor of the Exchequer, Philip Hammond, takes an upbeat view on today’s growth figures, pointing out that we’ve now enjoyed nine years of growth.
“Today’s figures show the economy remains robust, with growth of 0.5% in Q1 benefitting every major sector.
“The economy has grown for nine consecutive years, debt is falling, employment is at a record high and wages are rising at their fastest pace in over a decade.
“It’s not surprising to see households and businesses protecting themselves against a potentially disastrous Tory No Deal Brexit.
“With this government increasingly resembling a business entering administration it’s time they admitted the failure of their approach and stood aside for a General Election.
Overcharging for life-saving medicines costs lives, yet the UK seems reluctant to support efforts to encourage fairer pricing
In a year when the British government should be working to secure progress towards universal health coverage, they are failing to champion access to life-saving medicines globally.
Donald Trump has insisted that there is “no rush” to secure a deal with China despite growing business and Wall Street fears that the ratcheting up of US tariffs risks a full-blown trade war between the world’s two economic superpowers.
US shares, which were falling for much of the day, staged a late rally on Friday night after Trump tweeted that trade talks “will continue” after the hiking of tariffs on $200bn of Chinese goods.
My friend Audrey Simpson, who has died aged 83, was a powerful voice in Brighton and Hove, which she had made her adopted city after leaving London in 1978.
Without any previous experience, she bought a small, run-down, 12-room guest house, the Granville, overlooking the West Pier on the seafront, and transformed it into one of Brighton’s first boutique hotels. Later, in an adjacent space, she created a restaurant, Trogs, which met with equal success and became a gourmet mecca.
US president tells rally China ‘broke the deal’ and publishes list of imported products that will face higher tariffs from Friday
Donald Trump has warned that China has “broke the deal … so they’ll be paying” as the US and China moved to within 36 hours of a full-scale trade war and the US trade representative’s office filed the formal paperwork needed to increase duties on $200bn (£153bn) of Chinese goods.
Speaking at a rally in Panama City, Florida, on Wednesday night, the US president accused China of going back on their deal. “By the way, you see the tariffs we’re doing?” he asked supporters. “Because they broke the deal. They broke the deal. So they’re flying in, the vice premier tomorrow’s flying in – good man – but they broke the deal. They can’t do that, so they’ll be paying.”
The president added: “If we don’t make the deal, nothing wrong with taking it over $100bn a year – $100bn, we never did that before.”
Police called after flight delayed following refusal of woman to watch safety video and read card in exit row seat
A woman who refused to watch the regulation air safety video or read the safety instructions card handed to her by flight attendants has reportedly been removed from an Air New Zealand flight in Wellington.
The woman, described by other passengers as “wealthy-looking”, was sitting in the exit row but ignored attendants’ attempts to get her to listen to the safety instructions for flight NZ424 to Auckland on Tuesday.
European commission warns of ‘major shock’ and slashes growth forecast the union
The threat of a full-blown trade war between the US and China and Brexit uncertainty are posing mounting risks to the EU economy, the European commission has warned, after downgrading its growth outlook for 2019.
Brussels’ executive arm said a recent slowdown in global trade volumes had taken its toll across the continent, as it cut its GDP growth forecast for the 28-nation bloc for 2019 to 1.4%, down from a forecast of 1.9% in the autumn.
Report calls for change of priorities and culture to avert catastrophic biodiversity loss
Governments need to ramp up investment in nature restoration and raise the tax burden on companies that degrade wildlife, according to recommendations made to the G7 group of rich nations.
The proposals are part of a growing debate on how to radically change humanity’s relationship with nature in the wake of a new UN mega-report that showed an alarming decline in the Earth’s life-support systems.
Four thousand skilled jobs at risk in Northern Ireland as Canadian firm unveils sell-off
The Canadian aerospace firm Bombardier is to sell its wing-making operation, which employs 4,000 people in Northern Ireland, sparking concern among trade unions and MPs about the impact on highly skilled jobs.
A spokesman for the prime minister said the government did not expect jobs to be affected but the trade union Unite said it was seeking stronger assurances from the government and the company.
The US Federal Reserve snubbed Donald Trump’s call for a cut in interest rates on Wednesday as the central bank noted economic activity was still rising at “a solid rate”.
After a two-day meeting the Fed board unanimously decided to hold rates steady at a range between 2.25% and 2.5%.
Biggest fall since October 2012 follows worse-than-expected quarterly results
Google’s share price has had its biggest fall in nearly seven years, wiping $70bn (£54bn) off its market value, after disappointing sales figures sparked investor fears that advertisers have been shifting their business to digital rivals such as Facebook and Amazon.
Shares in Alphabet, the parent company of Google and YouTube, fell at one point by more than 8% on Tuesday, the biggest fall since October 2012, after the company produced first quarter results on Monday that were worse than expected.
A wiser board might have stopped Chris Mawe’s £400,000 share sale the morning before auditor quit
It is a rare for an auditor to quit the role at a London-listed FTSE 250 firm. So one might conclude it was merely unfortunate that Chris Mawe, the finance director at Ferrexpo, chose last Thursday morning to sell £400,000-worth of shares, just before events moved rapidly at the Swiss-based miner of iron ore in Ukraine. In the evening of the same day, Deloitte quit. On Friday morning, when the firm’s resignation was made public, Ferrexpo’s share price plunged by 28%.
The company had not received Deloitte’s letter of resignation at the time of the share sale, so there is – to be clear – no suggestion rules were broken. Even so, one has to ask if it was sensible for Mawe to sell last Thursday when so many unanswered questions hung in the air.
Startup is the latest ‘unicorn’, with a valuation of about $1.2bn, to go public as its competitor launches the Impossible Whopper
Wall Street is going vegan. At some point in the next four weeks, Beyond Meat, a pioneering plant-based meat alternative startup, will debut on Wall Street at a valuation of about $1.2bn. And in the meantime its rivals are cutting deals with some of the biggest names in food.
Beyond Meat is the latest in a series of “unicorns” – private companies valued at over $1bn – to go public. And this one is edible.
Locals and naturalists oppose a proposed hotel development on ‘beautiful and historic’ wooded national park land
A storm is brewing on the banks of Loch Lomond. One of Scotland’s most serene beauty sites has been rocked by a planning and environmental row that swamps anything the elements can throw at it.
Last week, updated plans for a £30m leisure facility near the small town of Balloch at the southern end of the loch were presented to Loch Lomond and the Trossachs national park. The project has the backing of Scottish Enterprise, the government agency tasked with stimulating economic development and investment.
Sales of Mercedes-Benz cars fell 7%, partly because of manufacturing bottlenecks
Daimler’s quarterly operating profit has fallen by 16% as a €718m (£620m) one-off gain failed to offset the impact of falling sales in China and production delays at three Mercedes-Benz factories.
Sales of Mercedes-Benz cars fell 7% in the first quarter 0f 2019, partly because of manufacturing bottlenecks for the A-Class compact car in Aguascalientes, Mexico, the Mercedes-Benz van in Charleston, South Carolina, and the Mercedes-Benz GLE SUV in Tuscaloosa, Alabama.
Britain faces lobbying after Chinese firm wins approval to supply 5G network
Donald Trump’s administration is expected to put further pressure on the UK to reconsider the decision to allow Chinese telecoms company Huawei to help build parts of the UK’s 5G telecoms network.
The US has arranged for a representative from the state department, which has repeatedly warned of the risks of using Huawei, to give a briefing on Monday.