Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Pile-up of meats, fries and cheese sauce has become a fast-food phenomenon
At lunchtime on a street near the Gare du Nord in Paris, queues were forming at a fast-food restaurant. Construction workers jostled with schoolchildren for what has become a business phenomenon: the hefty, cheesy slab of indulgence known as the French taco.
France has always had a huge market for takeaways, from kebabs to McDonald’s, and fast food accounts for more than half the nation’s restaurants. Now the homegrown French taco is challenging the burger’s imperialist success and plotting its own global expansion.
US politicians say ban will last through April, as data from Ethiopian Airlines flight arrives in France
Boeing’s 737 Max 8 and 9 planes will remain grounded for weeks at a minimum, US politicians said on Thursday, as flight data and cockpit voice recorders from the crashed Ethiopian Airlines plane arrived in France.
After a briefing with the Federal Aviation Administration (FAA), congressman Rick Larsen said the planes, which have been involved in two fatal crashes in the last five months, would be banned from flying “at least through April” while new software is installed and investigations continue.
Folks, it’s time to wrap up the blog for the night.
I’ll be back in a few hours to launch a new Politics live blog, bringing you all of Thursday’s Brexit and other political news. A reminder of what’s on the agenda for Thursday:
There have been some remarkable turns of phrase from commentators and politicians in their attempts to capture just what exactly has gone on in British politics in the last few days.
This is a turd of a deal, which has now been taken away and polished, and is now a polished turd. But it might be the best turd that we’ve got.
The House of Commons was a Benny Hill chase on acid, running through a Salvador Dali painting in a spaceship on its way to infinity.
A vague, and vain attempt to make sense of the great mad nights in British political history.
Boeing and the US aviation authorities have come under increasing pressure to ground the 737 Max despite repeated reassurances as the European Union and numerous other countries halted flights and Donald Trump weighed in following a second fatal crash involving the plane in less than five months.
US regulators, airlines and the manufacturer have become increasingly isolated in maintaining that the plane is safe.
Confidence that a newer plane inevitably means a safer plane in danger of being shaken
The crash of Ethiopian Airlines flight 302 from Addis Ababa to Nairobi is a tragedy that threatens to leave fresh questions hanging over the aircraft manufacturer Boeing.
Few details about the crash are yet available, but according to Ethiopian Airlines the pilot, who was experienced with an excellent flying record, reported difficulties and asked to turn back.
The titans of the new Gilded Age must be busted and the idea has bipartisan support. It’s time big tech was brought to heel
The presidential hopeful Elizabeth Warren announced on Friday she wants to bust up giants like Facebook, Google and Amazon.
America’s first Gilded Age began in the late 19th century with a raft of innovations – railroads, steel production, oil extraction – but culminated in mammoth trusts run by “robber barons” like JP Morgan, John D Rockefeller, and William H “the public be damned” Vanderbilt.
Pharmacy chain says plans were under way to change telephone system before doctor’s open letter sparked national debate
The US pharmacy giant CVS has said it will update the jingle it plays to telephone customers placed on hold, a tune which was the subject of a viral open letter from a Boston child psychiatrist who said it haunted him “day and night” and to an extent that was “not healthy”.
Australian government to investigate claims French-owned Ibis Styles in Alice Springs reserved poorest accommodation for Indigenous visitors
The international hotel giant Accor has launched an investigation into allegations that staff at one of its Australian hotels have been segregating Aboriginal guests in lower quality rooms.
The French multinational company said on Friday it was “extremely saddened and disappointed” at the revelations, which were reported by the ABC’s Background Briefing program.
‘Fragmented’ system inadequate to prevent influx of dirty money, says Treasury committee
Hundreds of billions of pounds could be being laundered through the UK every year, but the government is unable to give a precise figure of the scale of the problem, MPs have found.
In a report on economic crime, the Treasury committee said the scale of the problem in the UK was very uncertain, with estimates ranging from tens of billions of pounds upwards.
Russian money – some legitimate, some the proceeds of fraud – was channeled through a Lithuanian bank into the UK, according to a major leak of banking documents. The Guardian’s Juliette Garside has been investigating for months and describes how Prince Charles and some of England’s most exclusive schools have benefited. Plus: Ben Beaumont-Thomas on the legacy of the Prodigy’s Keith Flint
The leak of more than 1m bank transactions has shown how an estimated $4.6bn (£3.5bn) was sent to Europe and the US from a Russian-operated network of 70 offshore companies with accounts in Lithuania.
The Guardian’s Juliette Garside has been investigating the network and where the money ended up. She tells India Rakusen that money linked to major Russian fraud cases was laundered with funds from legitimate enterprise, making it impossible to trace the original source. It could then be spent on luxury goods, private school fees and property.
Mark Carney is then asked about activist investor Edward Bramson, who has used a $1.4bn loan from Bank of America to buy his stake in Barclays (and agitate for a board seat),
Q: Would that loan affect his ability to meet the City’s ‘fit and proper person’s test’?
Earlier in the hearing, Mark Carney suggested that that City has underestimated future interest rate hikes.
The governor pointed out that Bank of England’s most recent economic forecasts - based on market expectations of borrowing costs - showed inflation above the BoE’s target over its three-year forecast period
“In other words, the path of interest rates is not firm enough, it’s not quite high enough for us to be fulfilling our mandate, which sends a broad signal in terms of the stance of policy.”
Youngest of the Kardashian-Jenner reality TV family tops Mark Zuckerberg by two years
Kylie Jenner, the youngest member of the Kardashian-Jenner American reality TV family, has become the world’s youngest billionaire at the age of just 21.
Jenner, who grew up under the watch of TV cameras filming Keeping Up with the Kardashians, was on Tuesday admitted to the “nine-zero” fortune club by Forbes. The business magazine ranked Jenner as the world’s 2,057th richest person. She became a billionaire two years younger than the Facebook co-founder Mark Zuckerberg, who took the title at the age of 23 in 2008.
A charity run by Prince Charles received donations from an offshore company that was used to funnel vast amounts of cash from Russia in a scheme that is under investigation by prosecutors, the Guardian can reveal.
Money flowing through the network included cash that can be linked to some of the most notorious frauds committed during Vladimir Putin’s presidency.
Fabio Schvartsman and several other senior executives resigned on a “temporary” basis on Saturday after prosecutors recommended their dismissal. The move came after a leak of official documents suggested that Vale knew the dam was at a heightened risk of collapse.
The US president says it is ‘very important for our farmers’ while adding that trade talks are ‘moving along nicely’
Donald Trump has urged China to abolish tariffs on agricultural products imported from the United States – adding that trade talks between the rival powers were going well.
“I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.),” the US president wrote on Twitter.
Cuomo says he has been talking to Amazon executives as 80 political and industry leaders take out New York Times ad
New York’s governor and prominent business leaders are making a last-ditch effort to lure Amazon back to the Big Apple after the company abruptly abandoned plans for a new headquarters there following some loud local opposition.
Sweden and France among states found by the World Bank to enshrine gender equality in laws, but implementation haphazard
If you’re a woman and want to be on an equal footing with men, it’s best to live and work in Belgium, Denmark, France, Latvia, Luxembourg or Sweden. The World Bank, which has tracked legal changes for the past decade, found these were the only countries in the world to enshrine gender equality in laws affecting work.
The bank’s women, business and the law 2019 report, published this week, measured gender discrimination in 187 countries. It found that, a decade ago, no country gave women and men equal legal rights.
Elon Musk says move means electric vehicle manufacturer can sell Model 3 for $35,000
Tesla is closing all of its stores in a cost-cutting measure, so it can lower the starting price of its Model 3 to $35,000 (£26,400).
Elon Musk, the billionaire chief executive of the electric car and technology company, said that a shift to selling online only was essential to make it financially viable to lower the current starting price of $42,900.
Over 100 workers claim to have been sacked after protesting about low wages at factory that makes ‘girl power’ T-shirts
Charity “girl power” T-shirts sold in the UK are made at a Bangladeshi factory where more than 100 impoverished workers claim to have been sacked after striking in protest at low wages, it can be revealed.
The £28 garments are sold online by F=, which claims to be “all about inspiring and empowering girls”, with £10 from each T-shirt donated to Worldreader, a charity that supplies digital books to poverty-stricken children in Africa. Television presenter Holly Willoughby recently reposted a 2017 picture of her and Spice Girl Emma Bunton wearing the T-shirts.
Kay Daniel Neufeld, managing economist at the CEBR thinktank, is relieved that America avoided an abrupt slowdown in the last quarter.
However, he also expects growth will be slower in 2019 - averaging 2.3% (again, below that 3% target).
Contrary to most other large economies, the US has bucked the trend and recorded faster GDP growth in 2018 than in the previous year. The weak retail sales recorded for December alarmed analysts fearing an abrupt slowdown to the US expansion in the final quarter of last year, but today’s stronger than expected GDP data suggest the December figures might have been a blip.
Nevertheless, there is little room for complacency. With the world economy slowing and the US –China trade conflict merely on hold, there are plenty of pitfalls to avoid if the US wants to achieve another stellar performance in 2019.”
The US has “proved the doubters wrong” by growing faster than expected in the last quarter of 2018, says James Knightley, ING’s chief international economist.
Here’s his take:
The details show a partial slowdown in consumer spending growth (2.8% versus 3.5% in 3Q18), but it continues to make a strong contribution. In fact, given the equity market turmoil at the time and the poor official retail sales figure for December, this isn’t a bad outcome at all.
Non-residential investment spending actually posted a decent performance, recording growth of 6.2% despite the concerns about what escalating trade tensions could mean in terms of supply chains and corporate profitability.