Extinction Rebellion is right to target London

London’s Extinction Rebellion, the undeniably effective local offshoot of the global environmental protest group, has been out in force again this week, shutting down streets in the financial district and disrupting flights from City Airport. Its so-called Autumn Uprising has led to more than 1,600 arrests, and provoked some very angry commuters. People from Greta Thunberg to Stanley Johnson, the ...

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Can shoppers hold up the global growth?

Relying too much on shoppers to tide over growth can be a risky business. China and the US have been leaning heavily on consumers to sustain their economic expansions. With the threat of hundreds of billions in tariffs looming over goods from bicycles to roof tiles, it seems only a matter of time before these noble buyers start to falter. ...

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The upside to Facebook’s cryptocurrency disaster

It’s just as well that big companies that process and facilitate payments have quit Facebook’s Libra cryptocurrency project, fearing a regulatory backlash. If Facebook really wants to bring financial services to the “unbanked,” it should try doing it on a smaller scale than these companies’ presence promised. And even then, the probability of failure will be high. It’s clear why ...

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$16bn Wirecard has byzantine accounting

Wirecard AG is treating its investors shabbily. The German fintech group has failed to respond convincingly to this week’s allegations that some of its recent financial reporting may be incorrect. Instead, it has aggravated the situation with communication that doesn’t befit a 14 billion euro ($16 billion) member of the blue-chip DAX Index. Revenue and profit for 2016 in particular ...

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To tackle climate change, the ‘industrial’ heat is on

Climate change has become big news recently — and rightly so. Scientists have delivered important reports about its urgent dangers, political leaders have made pledges to fight it, and youth climate activists have marched in the streets and marked our consciences. This is all for the good. New ideas about electric vehicles, renewable energy, sustainable agriculture and adaptation will enrich ...

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US equity futures fluctuate as earnings roll in; bonds climb

Bloomberg US equity-index futures fluctuated along with European stocks on Tuesday as investors weighed a flurry of company results and the odds of the world’s biggest economies agreeing a trade deal in November. Treasuries rose and the pound drifted. S&P 500 futures were little changed after the underlying gauge closed above 3,000 on October 21, less than 1% from a ...

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Pound paths narrow as currency traders await Brexit deal votes

Bloomberg As currency traders gird for parliamentary votes on Boris Johnson’s Brexit deal, their opportunity to win big on the pound is fading fast. The UK Prime Minister was expected to find out whether lawmakers are willing to back his plan, but if they reject it, the risk of a no-deal Brexit that would cause sterling to plummet is now ...

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European air regulators break from FAA on 737 Max return

Bloomberg Europe’s top aviation regulator expects to take longer to get Boeing Co’s 737 Max back into service than the projected timeline being taken by the US, which would likely push the grounded plane’s return into next year on the continent. European Aviation Safety Agency (EASA) chief Patrick Ky met with officials from the US Federal Aviation Administration (FAA) to ...

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South African Airways recalls some planes for compliance checks

Bloomberg Four airlines operating in South Africa were forced to delay flights and ground some planes after inspections were carried out overnight. State-owned South African Airways and Mango were affected as was Comair Ltd, which operates Kulula and British Airways domestically, according to statements. It’s not routine for airlines in South Africa to suffer simultaneous groundings, but it’s not yet ...

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Cathay cuts earnings outlook as travellers avoid Hong Kong

Bloomberg Cathay Pacific Airways Ltd cut its earnings outlook after passenger traffic fell for a second month as protests that have put intense pressure on the carrier continued to disrupt travel and business in Hong Kong. Second-half financial results will be lower than those of the first half, Hong Kong’s flag airline said in a statement, reversing previous forecasts. Cathay ...

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