News: Money

Diageo to buy Clooney's tequila brand in $1 billion deal

Thursday  14:46,   22 june 2017
Associated Press

Global liquor behemoth Diageo said Wednesday it will pay up to $1 billion to buy a tequila brand co-founded by movie star George Clooney. Clooney founded the Casamigos brand with partners Rande Gerber and Mike Meldma. Diageo says it will pay $700[...]

‘Second Tier’ U.S. Ranks Just 18th in a New Study of Well-Being

Thursday  14:20,   22 june 2017
Bloomberg

America leads the world when it comes to access to higher education. But when it comes to health, environmental protection, and fighting discrimination, it trails many other developed countries.The results of the group’s annual survey, which[...]

Jack Ma: Artificial intelligence could set off a third world war, but 'humans will win'

Thursday  14:20,   22 june 2017
CNBC

Jack Ma says third technology revolution could mean a war is looming, but humans will always remain distinct from[...]

More than 300 Airbnb hosts have offered their homes for £0 to Grenfell Tower relief workers

Thursday  12:25,   22 june 2017
MSN

Airbnb More than 300 Airbnb hosts have offered their homes for nothing to support the Grenfell Tower relief effort .As of Wednesday afternoon, 315 London properties were listed for free on a special section of the website. They are being made[...]

Pound Jumps as BOE's Haldane Sees Case for Raising Rates Soon

Thursday  06:30,   22 june 2017
Bloomberg

The pound jumped, reversing an earlier decline, after Bank of England chief economist Andy Haldane said that the risks of leaving policy tightening too late are rising and that he considered voting for a rate increase this month. Related: Mark[...]

Energy stocks hit on Wall Street by drop in price of oil

Thursday  06:30,   22 june 2017
Press Association

Energy stocks dropped again in the US on Wednesday as oil fell to its lowest price since last summer, extending their dismal start to the year. Gains for health care and technology stocks helped hem in losses for broader market indexes.The Standard[...]

Ministers 'considering best way to protect consumers from rip-off energy prices'

Thursday  06:30,   22 june 2017
Press Association

The Conservatives have said they will go ahead with plans to cap "rip-off" energy prices - although not necessarily through legislation. The Queen's Speech did not include a bill to enforce the cap -  announced during the election campaign [...]

Tesco Bank glitch locks customers out of online accounts

Thursday  06:30,   22 june 2017
Press Association

Tesco Bank customers have been unable to access their online accounts in the second IT glitch in as many days for the company. The latest issue affected current accounts, savings products and credit cards from mid-morning until early afternoon on[...]

This 'empty' city is more than four times the size of London

Thursday  06:30,   22 june 2017
MSN

The capital city of Burma is roughly four and a half times the size of the capital of the UK . © Getty This 'empty' city is more than four times the size of London According to official figures the population is 924,608. The population[...]

Asian stocks climb as oil crawls up from 10-month low

Thursday  06:30,   22 june 2017
Reuters

By Nichola[...]

Jackie Kennedy watch fetches nearly $380K in New York

Thursday  06:30,   22 june 2017
AFP

An engraved gold Cartier watch given to Jacqueline Kennedy and a reciprocal thank-you painting from the former first lady sold for $379,500 at auction in New York on Wednesday, Christie's saidThe Tank watch was given to Kennedy by her[...]

Brits face ban from all-inclusive holidays

Wednesday  20:05,   21 june 2017
Sky News

A "British problem" of false food poisoning claims means hoteliers abroad could bar UK holidaymakers from their resorts, according to the travel industry. Holiday firms have reported a surge in legal action - mostly involving claims[...]

May will cut corporation tax to encourage economic growth

Wednesday  20:01,   21 june 2017
Reuters

Prime Minister Theresa May said on Wednesday her government would continue to cut corporation tax to encourage businesses to invest in Britain and help the economy grow. "If we're going to grasp the opportunities as we leave the European Union, we[...]

George Clooney just sold his tequila business for $1 billion

Wednesday  20:01,   21 june 2017
CNBC

George Clooney is selling his tequila company Casamigos to Diageo for $1 billion, a source familiar with the situation told CNBC. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; [...]

Britain's top seaside property hotspot revealed

Wednesday  19:58,   21 june 2017
Press Association

Broadstairs in Kent has been identified as Britain's top seaside property hotspot in 2017. With its vintage, family-friendly charm and its close connections with author Charles Dickens, Broadstairs has seen average property values surge by[...]