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UK’s Sunak looking to delay tax rises – The Times By Reuters

(Reuters) - British finance minister Rishi Sunak is expected to lay aside plans for tax rises in his March budget, The Times newspaper reported on Friday, citing a senior government source. The source said it was the "wrong time" for tax rises and they were likely to be shelved until the autumn at the earliest, the newspaper reported, adding that Sunak has...

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.04% By Investing.com

Investing.com – U.K. equities were lower at the close on Friday, as losses in the Mobile Telecommunications, Fixed Line Telecommunications and Automobiles & Parts sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.04%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Hargreaves Lansdown PLC (LON:HRGV), which rose...

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Billionaire Barry Diller’s IAC backs MGM’s potential offer for Entain By Reuters

(Reuters) - Billionaire Barry Diller's InterActiveCorp, the largest shareholder in MGM Resorts International, supports the casino operator's $11 billion takeover approach for Ladbrokes (LON:LCL) owner Entain Plc, the U.S. company said on Friday. MGM said a proposed merger with the British bookmaker would be "compelling" and believes a deal, amongst other...

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Record all your work calls at home, UK watchdog tells bankers By Reuters

By Huw Jones LONDON (Reuters) - Bankers must record all communications while working from home, Britain's Financial Conduct Authority said on Friday, ending the leeway it introduced last year when the first pandemic lockdown began. "At the start of the pandemic, if your firm moved to an alternative site or a working from home arrangement, we asked you to consider the broader...

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Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production By Reuters

TOKYO/DETROIT (Reuters) - Ford Motor (NYSE:F) Co, Toyota Motor Corp (T:7203), Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by a chip crunch as demand rebounds from the coronavirus crisis. Honda Motor...

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Deutsche Bank to pay more than $87 million over bribery charges – U.S. prosecutors By Reuters

By Noor Zainab Hussain and Jonathan Stempel (Reuters) -Deutsche Bank will pay more than $87 million to settle allegations it broke U.S. anti-bribery and commodities trading laws, U.S. prosecutors said on Friday, the latest blow for the bank which has been trying to restore its image after a series of scandals. Germany's largest lender agreed to the payout as part of a...

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Canada shares lower at close of trade; S&P/TSX Composite down 0.31% By Investing.com

Investing.com – Canada equities were lower at the close on Friday, as losses in the Materials, Energy and Financials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.31%. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 7.26% or 0.65 points to trade at 9.60 at the close. Boralex...

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Dow in Red on Surprise Job Losses; Dems Plan for Stimulus Boost Hits Snag By Investing.com

By Yasin Ebrahim Investing.com – The Dow fell Friday on a surprise decline in monthly jobs, and cooling expectations for stronger stimulus-led recovery as some Democrats appear hesitant to back the idea of boosting stimulus checks. The Dow Jones Industrial Average fell 0.38%, or 116 points. The S&P 500 was down 0.07%, while the Nasdaq Composite added 0.32% to remain on course for...

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Renault to revive bestselling cars with electric makeover – sources By Reuters

PARIS (Reuters) - Renault (PA:RENA)'s new boss Luca de Meo will revive some best-selling models from the 1960s to 90s era as electric cars under a turnaround plan aimed at improving sales and repositioning the struggling automaker, two sources familiar with the matter said. De Meo is due to unveil his strategy update on Jan. 14, which is expected...

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