financializer news A weblog highlighting financial topics making news in the international media.

anglo-american: The divestment plan means the fund will drop coal investments worth an estimated 6bn, which could include shares in the mining companies Anglo-American, Glencore and the German energy firm RWE. The Government Pension Fund Global, which is built on Norway's legacy oil earnings, will also move ahead with plans to scrap investments worth 7bn in oil exploration and production companies, according to The Guardian. It will, however, retain stakes in oil companies which are limiting their exposure to fossil fuels by investing in clean energy technologies. Norway's parliament voted plans into law on Wednesday for the fund to dump investments in eight coal companies and an estimated 150 oil producers. These include BP and Shell, but rule out London-listed North Sea companies including Premier Oil and Tullow Oil. Alongside the breakthrough for fossil fuel divestment, the fund will for the first time have a legal mandate to invest directly in renewable energy projects rather than listed energy companies. It will also step back from any company which generates more than 10GW of electricity from coal, or mines more 20m tonnes of thermal coal a year. (news.financializer.com). As reported in the news.

bidding war: The buyer of Salvator Mundi, a painting whose provenance has been questioned, has remained a closely guarded secret since a rarefied bidding war at auction house Christie's two years ago, according to Nine News Australia. According to Artnet, citing two anonymous sources involved in the sale, Salvator Mundi is now on board the gargantuan 810m superyacht of Mohammed bin Salman, the Saudi prince who was allegedly embroiled in the killing of Washington Post journalist Jamal Khashoggi. To improve your experience update it here News World Missing 591m Da Vinci 'whisked on board' Saudi prince's 810m superyacht By Mark Saunokonoko1 12pm Jun 12, Mundi, the controversial Leonardo da Vinci painting not seen since 2017 when it sold for a world-record 591m, has taken another mysterious twist, with the artwork depicting Christ now reportedly hanging in a Saudi Crown Prince's 810m superyacht. Bidding representatives react after Leonardo da Vinci's Salvator Mundi sold for 591m at Christie's AAP The work was whisked away in the middle of the night on MBS's plane and relocated to his yacht, the Artnet report stated. Whispers about the authenticity of Salvator Mundi swirled leading into the Christie's auction and only increased afterwards, following several aborted public unveilings. Bin Salman's 130-metre long yacht, Serene, is currently located near the Egyptian city of Port Said in the Mediterranean. (news.financializer.com). As reported in the news.

brand: Majestic is considering selling all of its outlets as part of a radical shakeup of the business under its chief executive, Rowan Gormley, who is aiming to free up cash to pump into online operations under the fast-growing Naked Wines brand, according to The Guardian. Majestic Wine plc plans to eventually rebrand as Naked although it is unclear if the Majestic brand would be retained if the stores were sold. The move would represent the latest bet on the fortunes of bricks-and-mortar retail from Elliott, after it last week bought the US bookshop chain Barnes & Noble, which will be run alongside Waterstones, the British books chain it bought in April 2018. In April it emerged that Majestic had appointed Rothschild & Co, the investment bank, to work on options for a sale of part of the business, with an update due to be announced on Thursday. Shares in Majestic Wine rose by 9.3% on Wednesday after Sky News reported Elliott's interest, as the winemaker aims for a price tag of as much as 100m for the stores. This year Gormley warned of the likelihood of store closures as part of the plans. (news.financializer.com). As reported in the news.

market tariffs: The Nasdaq Composite Index COMP, 0.57% fell 29.85 points, or 0.4%, to 7,792.72, according to Market Watch. The Dow is on pace for a slight weekly gain of 0.1%, the S&P 500 is on track for a 0.2% rise, and the Nasdaq is looking at a 0.7% weekly climb. How did benchmarks perform The Dow Jones Industrial Average DJIA, 0.39% ended down 43.68 points, or 0.2%, at 26,004.83, marking its first back-to-back loss this month, while the S&P 500 index SPX, 0.41% lost 5.88 points, or 0.2%, to finish at 2,879.84. What drove the market Tariffs remain the focus for Wall Street. My deadline is all up here, he said, pointing to his head. Responding to reporter questions in the Rose Garden on Wednesday President Donald Trump said he didn't have a deadline for imposing additional tariffs on Chinese. (news.financializer.com). As reported in the news.

politics stocks: Read Investors face a conundrum Which market is wrong In our view, it is difficult to see the Fed cutting by as much as markets expect, if at all, if there is a U.S.-China trade deal, and it would be difficult for equities to remain so strong if there is a trade war, the BAML analysts wrote, according to Market Watch. See Why the path for stocks and other markets now depend critically on politics' Stocks have found their footing in June as expectations for Federal Reserve rate cuts have risen, reflecting apparent faith in the central bank's ability to avert a severe economic slowdown or recession. The bond market is too pessimistic, the equities market too optimistic, and the FX market complacent, said Bank of America Merrill Lynch currency strategists Athanasios Vamvakidis and Adarsh Sinha, in a Wednesday note see chart below . Bank of America Merrill Lynch Caption outside of wrapper for normal article images The analysts are homing in on the seeming disconnect reflected by a simultaneous rally in the stock and Treasury markets. The S&P 500 SPX, 0.41% is up 4.8% so far in June, trading less than 3% below an all-time closing high set just before a May pullback. The Dow Jones Industrial Average DJIA, 0.39% is up around 11.6% in the year to date, gunning for its strongest first half since 2013. The index is up roughly 15% in the year-to-date, putting it on pace for its best first half since 1998, according to Dow Jones Market Data. (news.financializer.com). As reported in the news.

percent shareholder: Seven months after Ghosn's arrest on financial misconduct charges which he denies the alliance he forged is on life support, according to The Japan Times. Nissan refused to study a full Renault tie-up proposed by Senard, and wants to weaken its 43.4 percent shareholder's grip. News of the rebuff came as Renault shareholders met on Wednesday to endorse Senard's January appointment to replace Carlos Ghosn, the ousted leader of the Renault-Nissan alliance. ; Senard, whose bid to merge with Fiat Chrysler FCA over Nissan's reservations was scuppered by French Finance Minister Bruno Le Maire, unsuccessfully sought a meeting with Macron to secure his backing, four government and company sources said. Instead, Senard then tabled an FCA-Renault deal proposal developed without Nissan's knowledge. Days later, in a third risky move that caused outrage in Japan, Senard vowed to block governance reforms introduced by Nissan after the Ghosn scandal unless Renault gets more seats on the Japanese firm's powerful new board committees. But FCA Chairman John Elkann withdrew the offer after France, Renault's biggest shareholder, blocked the June 5 board vote and demanded more time to secure Nissan's endorsement. (news.financializer.com). As reported in the news.

points tuesday: It gained 8.38 points the previous day, according to The Japan Times. The market started lower, battered by the drop on Wall Street. The 225-issue Nikkei average dropped 74.56 points, or 0.35 percent, to end at 21,129.72, after advancing 69.86 points Tuesday. ; The Topix index of all first section issues finished down 7.10 points, or 0.45 percent, at 1,554.22. The Nikkei soon recovered to the sunny side, thanks to buybacks, mainly of machinery-related stocks. The index, however, failed to extend gains and moved sluggishly around Tuesday's closing level before slowly slipping deeper into negative territory in afternoon trading. Brokers said that investors bought back such stocks after the Cabinet Office announced Wednesday morning that Japan's seasonally adjusted core machinery orders in April rose 5.2 percent from the previous month. (news.financializer.com). As reported in the news.

rate-setting meeting: We don't generally give advice on interest rates, being content to leave such judgments to the independent experts, according to The Independent. What is of concern to us, and should be of concern to all Americans, is anything that might diminish the Fed's political independence, actual or perceived. Mandel Ngan/AFP/Getty Images By Editorial Board June 12 at 7 39 PMSIGNS OF slowing growth in what is still a generally robust U.S. economy have prompted the Federal Reserve to consider cutting interest rates, possibly as soon as its next rate-setting meeting, which begins June 18. Which brings us to the effect of President Trump's policies on the recent economic outlook, particularly his repeated, unpredictable threats to impose tariffs on various trading partners, most recently Mexico. They do, however, constitute a source of instability and uncertainty that may be chilling or distorting investment decisions, both here and abroad. So far, trade wars do not seem to have affected broad indicators such as inflation or unemployment. (news.financializer.com). As reported in the news.

census: The federal agency did not specify the nature of operational effects, according to MSNBC. Census Bureau personnel alone are privy to the authentic rigors of counting 330 million people. Some 480,000 households across the nation will receive a questionnaire testing the operational effects of including a citizenship question on the 2020 census. Meanwhile, the citizenship question is a complex political and cultural situation. Republicans insist citizenship status would contribute to a more accurate count and realistic picture of the nation. Should the 2020 census ask Are you a U.S. citizen Democratic critics maintain that the inquiry would discourage immigrants from voting; several companies, including Levi Strauss, Uber and Univision, have filed an amicus brief in support of that idea. (news.financializer.com). As reported in the news.

glennmont partners: Peter Dickson, a partner at Glennmont Partners, which manages Europe's largest ever clean energy fund, is among those urging the government to change its stance, according to The Guardian. He said if the UK is serious about climate crisis target policymakers must encourage all forms of renewable power generation. Some of Europe's largest energy investors have urged the government to overturn an effective ban on new onshore wind farms in England, warning that it may be stifling a flood of investment into the UK's clean energy sector. This includes revisiting proposals for developing onshore wind in the UK, he said. Here are some of the actions needed to make that happen Petrol and diesel cars banned from sale ideally by 2030 and 2035 at the latest. Quick guide What zero emissions in 2050 would mean for the UK Show Hide The Committee on Climate Change says cutting greenhouse gas emissions to zero by 2050 is necessary, affordable and desirable. (news.financializer.com). As reported in the news.

health plan: Health Minister Greg Hunt has revealed plans to develop a new preventive health plan while speaking at a conference in Melbourne, according to Nine News Australia. Whether it's drugs and alcohol, whether it's the work in relation to diet, whether it's other elements, we are developing, with you, a long-term national preventive health strategy, he told the event on Wednesday. To improve your experience update it here News National New plan promised for illness prevention By AAP5 22pm Jun 12, with what Australians eat and how they use alcohol and other drugs will form part of a new federal government effort to prevent people from becoming unwell. The commitment comes as more than half of Australians are living with a chronic illness such as arthritis, cancer, respiratory disease, heart disease or diabetes The Australian Institute of Health and Welfare will on Thursday release its latest report on the causes and impacts of disease in the nation. We also have to deal with obesity and poor diet which come together and contribute to issues in relation to blood pressure, in relation to our glucose levels, he said. Mr Hunt says the report will set out the major health risk factors that can be addressed when it comes to alcohol, other drugs and tobacco. (news.financializer.com). As reported in the news.

mueller: VF ;Shep Smith Urges Fox News Viewers to Actually Read the Mueller Report Vanity Smith Urges Fox News Viewers to Actually Read the Mueller Report headline Shep Smith Urges Fox News Viewers to Actually Read the Mueller investigation Shepard Smith fox news robert mueller donald new ;window.cns window.cns ;!function use strict ;var n,t function n,t var i function var n 0;function t n var i t,i for var u n,t var new t,window.cns window.cns ;var window.cns window.cns ; window.cns.page Context investigation Shepard Smith fox news robert mueller donald , according to MSNBC. VF window. (news.financializer.com). As reported in the news.

rashida: By Dylan Matthews dylanmatt/ A 1C 1fkdu Frgh Dw l,06 li f / Jun 12, 2019, 8 40am EDT Share Tweet Share Share Rashida Tlaib wants to give low-income adults 3,000 a year each, no questions asked tweet share Reddit Pocket Flipboard Email Rep, according to MSNBC. Rashida Talib D-MI at an impeachment rally in Washington, DC. Mark Wilson/Getty Images Finding the best ways to do good. Krux function function retrieve e var window.local Storage window.local Storage o ; ; data Layer Primary ID UA-48698701-1 GA ID 18425533 Story Word Count 1061, Entry Matthews Last Time Updated 2019-06-12 11 22 Hour of Update 11 Publish Date 2019-06-12 08 40 Hour of Publish 08 Demand Post no All Chorus Matthews Logged in Status Logged new var concert AdsQueue concert AdsQueue ; CONCERT ADS CONFIG new basic income-like bill, Tlaib wants to give low-income adults 3,000 a year each, no questions tlaib basic income her new bill for guaranteed cash payments explained .river-segment-0 .l-hub-page .river-segment-0 .l-hub-page .river-segment-0 .l-hub-page .river-segment-0 atlanta.curbed, austin.curbed, boston.curbed, chicago.curbed, detroit.curbed, hamptons.curbed, la.curbed, miami.curbed, nola.curbed, ny.curbed, philly.curbed, sf.curbed, seattle.curbed, .l-segment atlanta.curbed, austin.curbed, boston.curbed, chicago.curbed, detroit.curbed, hamptons.curbed, la.curbed, miami.curbed, nola.curbed, ny.curbed, philly.curbed, sf.curbed, seattle.curbed, .c-entry-content u003e p .c-entry-content u003e p p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p p, .l-article .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p .c-entry-content u003e p p, .l-article .c-entry-content u003e p u003e div first-of-type, .l-article-sidebar u003e .l-col main, .l-main-content u003e u003e div first-of-type, .l-article-sidebar u003e .l-col main, .l-main-content u003e u003e .river-segment-1 .l-col sidebar u003e div last-of-type, .l-hub-page .river-segment-0 .l-col sidebar u003e div last-of-type, .l-group-page .river-segment-0 .l-col sidebar u003e .river-segment-0, .l-group-page .c-compact-river entry, .l-group-page .c-compact-river entry, .l-group-page u003e u003e .c-entry-hero--feature .c-entry-hero content .c-byline, .c-group-header .c-entry-content u003e const date new Date ; const dateISOString date.toISOString ; const dfp Variables const page Data page type article id dfp Variables.entry id '', title dfp Variables.entry title '', description dfp Variables.entry blurb '', authors '' section dfp Variables.entry group '', published At dateISOString, keywords ' ; production ;for var function var JSON.parse g ; permutive.addon 'web', page Data ; Tlaib basic income her new bill for guaranteed cash payments, wants to give low-income adults 3,000 a year each, no questions if lte IE 9 ! endif if gte IE 10 ! endif Skip to main content Log In or Sign Up Log InSign UpRecode Explainers The Highlight Future Perfect The Goods Politics & Policy Culture Science & & & Finance First Person Video Podcasts More Recode Explainers The Highlight Future Perfect The Goods Politics & Policy Culture Science & & & Finance First Person Video Podcasts Rashida Tlaib wants to give low-income adults 3,000 a year each, no questions asked Tlaib's new basic income-like bill, explained. Made possible by The Rockefeller Foundation. Rashida Tlaib D-MI is still in her first six months in office, but she has already unveiled one of the most fascinating bills of the 116th Congress a 3,000-per-adult basic income. Rep. (news.financializer.com). As reported in the news.

apples: Energyread more The price of apples is soaring in China, and Beijing is showing... As the price of apples in China has surged nearly 30%, consumers have cut their purchases of the fruit, according to data from grocery delivery platform Dada-JD Daojia, according to Xinhua China. China Economyread more Trump 'I think I'd take' damaging info on 2020 rival from... They have information. Market Insiderread more Oil jumps more than 3% on reports of tanker incident in the Gulf... Brent crude spiked as high as 4% Thursday morning on reports of tanker explosions in the Gulf of Oman. I think I'd take it. Politicsread moreOPEC oil output falls to 5-year low in May as group warns of weak... Oil production from OPEC fell by 236,000 barrels per day in May to 29.88 million bpd, the lowest level since June 2014. If I thought there was something wrong, I'd go maybe to the FBI, Trump said. (news.financializer.com). As reported in the news.

brexit problems: Meanwhile, Brexit problems escalate, and China-U.S. talks have question marks and traders await Group of 20 talks later this month, he said, according to Market Watch. So gold still looks range bound in the 1,315 to 1,350 area until we see more news. Trade and tariff talks have distorted gold prices, as misunderstood gold reacted to the Trump's administration recent decision to shelve tariffs against Mexico, said George Gero, managing director at RBC Wealth Management. Gold for June delivery on Comex GCM19, 0.26% rose 1.90, or 0.1%, to settle at 1,331.20 an ounce after posting as loss of 1.3% on Monday. I have been looking for this rally to sell and the failure at 1,350 was a gift going into the summer months, Peter Thomas, senior vice president at metals broker Zaner Metals, told Market Watch. Futures prices still trade roughly 1.6% higher month to date. (news.financializer.com). As reported in the news.

business year: While 68 percent of its products are manufactured in China, only 3.8 percent of them, including personal computers and printers, are produced for the U.S. market, he said. ; The company plans to shift production of its computers, produced by its subsidiary Dynabook Inc., from China to Vietnam and Taiwan, Tai said, after the United States unveiled a plan in mid-May to slap tariffs of up to 25 percent on 300 billion worth of Chinese products, including laptops, according to The Japan Times. As some of Sharp's corporate clients may be affected by the U.S. tariffs, the company expects a 1.2 percent fall in group sales for the current business year through next March, according to the chief executive, who was sent from the Taiwanese parent Hon Hai Precision Industry Co. in 2016 to revive the struggling display manufacturer. Sharp CEO and Chairman Tai Jeng-wu said at a news conference the U.S.-China trade dispute would have only a small impact on its operations. Executive Vice President Yoshihisa Ishida also talked about Sharp's business strategy at the news conference, saying the company is looking for new opportunities to expand business-to-business operations. Such moves are already apparent, so we are trying to expand our business by supplying new products to them, Ishida said. Regardless of the trade war between the world's two largest economies, Chinese companies are expected to expand their businesses elsewhere such as in Japan. (news.financializer.com). As reported in the news.

chinese imports: The euro was at 1.1320-1320, up from 1.293-1293, and at 122.94-94, up from 122.71-71. ; The dollar sagged below 108.40 in early trading, carrying over its weakness from foreign trading overnight amid rekindled concerns over a U.S.-China trade conflict following U.S. President Donald Trump's threat of additional tariffs on Chinese imports, according to The Japan Times. The greenback rose to around 108.60 in midmorning trading due to real demand-backed purchases, traders said. At 5 p.m., the dollar stood at 108.60-60, against 108.66-66 at the same time on Monday. The benchmark 225-issue Nikkei stock average's upturn to positive territory on the back of solid performances of U.S. and Chinese equities also supported the dollar's advance, an official of a foreign exchange margin trading service firm said. An official of a bank-affiliated securities firm said that investor sentiment isn't good due to political risks as well as weak U.S. economic indicators. The U.S. currency traded narrowly around 108.60 in afternoon trading. (news.financializer.com). As reported in the news.

chinese imports: It gained 20.55 points the previous day, according to The Japan Times. The market started lower, battered by a stronger yen and uncertainties over the future of the U.S.-China trade friction, fueled by a hawkish statement by U.S. President Donald Trump, brokers said. The 225-issue Nikkei average rose 69.86 points, or 0.33 percent, to end at 21,204.28, after surging 249.71 points on Monday. ; The Topix index of all first-section issues finished up 8.38 points, or 0.54 percent, at 1,561.32. In an interview with CNBC on Monday, Trump warned that the United States will impose tariffs worth 300 billion on Chinese imports if Chinese President Xi Jinping does not agree to a bilateral summit with Trump during a Group of 20 summit in Osaka later this month. While the market turned sluggish in the afternoon amid the dearth of fresh trading incentives, it remained in the plus side for the remainder of the session. The market gradually cut losses and popped into positive territory later in the morning, partly thanks to buying on dips, the yen's downturn and higher Shanghai stocks, brokers said. (news.financializer.com). As reported in the news.

government: Dubai released its smart city initiative in 2016 vowing to transform itself into a world-leading smart city by 2021, according to Global Times China. According to the initiative, Dubai will digitalize 100 percent of government services and share government data with public and private entrepreneurs by 2021, which is estimated to create 6.6 trillion in extra value for the government. Photo Courtesy of Dubai Silicon Oasis Authority Dubai is looking to enhance cooperation with global top tech companies, including those from China, as it looks to build a world-leading smart city. Data from the Financial Times' fDi intelligence shows that among the top 25 cities for AI and robotics investment, Dubai was ranked No. 3, only behind Singapore and Shanghai. H.E. Omar Bin Sultan Al Olama, minister of State for AI of the United Arab Emirates UAE told the Global Times at the AI Everything summit held in Dubai from April 30 to May 2 that they would like to provide various preferential policies, including those related to land, as long as Chinese companies were willing to invest in Dubai. The Dubai authorities' determination to build a smart city has attracted global tech companies to invest in the city, including those from China. (news.financializer.com). As reported in the news.

chinese: The entire size of the Chinese economy is estimated to be around 13 trillion, so it's impossible for it to lose more than it is worth, according to CNN. On top of that, China's economy has continued to expand during Trump's time in office. Facts First This isn't even close to true; nor is it clear what Trump is actually referencing here. China's GDP growth has remained above 6% since Trump was elected in November 2016. In 2017, China's GDP was 12.238 trillion, according to the World Bank. While Chinese economic growth has started to slow, that trend was already underway before Trump was elected. (news.financializer.com). As reported in the news.

consciousness: With a powerful, independent voice, we will spur the revolution in consciousness and inspire the direct action that is necessary to save the planet and humanity, according to MSNBC. About UsSubmission Guidelines Financial Information Privacy Policy Jobs Contact Truthout Trending Medicare For All Detention Centers Mitch McConnell Ava DuVernay Joe Biden News Analysis Environment & Health Catastrophe Is Coming, and We Can't Kill Our Way Out of It A woman checks her phone as the Holy Fire burns in Cleveland National Forest on August 8, 2018, in Lake Elsinore, California. Truthout works to spark action by revealing systemic injustice and providing a platform for transformative ideas, through in-depth investigative reporting and critical analysis. Mario Tama / Getty Images ByDavid 11, 2019Share Reading List Environment & Health Corporate Media Enable Industry War Against Medicare for All Racial Justice Why I Can't Bring Myself to Watch When They See Us Prisons & Policing New York Teachers Fight for Divestment From Prison Industry Immigration Trump Administration Plans to Detain Children at Former Japanese Internment Camp Politics & Elections McConnell Blocks Election Security, Takes Checks From Voting Machine Lobbyists Prisons & Policing Body Cameras and Tasers Make Billions for Axon, But Don't Solve Police Violence More and more, we look into our screens and gizmos. Kept busy curating our own lives, we are regularly spared evidence of the coming catastrophe. And this helps us almost as if they were made for that purpose not to think about the weather outside. (news.financializer.com). As reported in the news.

g country: The new law should ensure that United Kingdom is on track to become the first G7 country with legally binding plans for net zero emissions, according to CNN. Now is the time to go further and faster to safeguard the environment for our children, outgoing UK Prime Minister Theresa May said in a statement. Legislation aiming to achieve that will be laid out in Parliament on Wednesday and will amend the Climate Change Act passed in 2008. This country led the world in innovation during the Industrial Revolution, and now we must lead the world to a cleaner, greener form of growth. Read More America's renewable energy capacity is now greater than coal The announcement comes following weeks of pressure from political and business groups for the government to commit to cutting carbon emissions. Standing by is not an option. (news.financializer.com). As reported in the news.

industry players: But while running for the bus or finding a seat on a peak hour train might be considered competitive sports, they don't feature at this event, according to Nine News Australia. Instead the UITP global transport summit brings together the leading government and industry players to showcase technology and ideas, aimed at improving life for passengers. To improve your experience update it transport operators see the future at Stockholm summit By Andrew Lund State Political Reporter8 52pm Jun 11, been dubbed the Olympic Games of public transport. The UITP global transport summit brings together the leading government and industry players to showcase technology and ideas. 9News The organisation's Secretary-General Mohamed Mezghani says cities around the world are grappling with how to move their growing populations. A delegation of more than 100 Australians has converged on Sweden's capital Stockholm for this year's event; but next time they won't need to travel as far, with Melbourne selected as 2021 host city for the biennial event. The demand for mobility is growing because we have more and more cities and the cities are bigger and bigger, he said. (news.financializer.com). As reported in the news.

investment company: Investment company and major landlord M&G has launched its own separate legal action, according to The Guardian. The cases are likely to be heard together in early July. The legal challenge funded by Sports Direct is being supported by a private Salford-based landlord owned by the family of property investor Aubrey Weis which owns six Debenhams properties. Sports Direct's legal action is the latest move by Ashley in his battle with the department store, which was taken over by a syndicate of banks and hedge funds it owed money. Arcadia on the brink after Intu rejects revised CVA plan Read more Sports Direct took part in the CVA vote as the retail group, which also owns the House of Fraser department store chain as well as a string of sports and fashion stores, was owed more than 500,000 by Debenhams at the time the CVA was tabled. The deal thwarted an attempt by the Sports Direct boss to take control and wiped out the group's stake in Debenhams which had cost at least 150m to build up. (news.financializer.com). As reported in the news.

labour laws: The only sounds in the still air are the whoosh of blades slicing through tall grass and metallic pings when they hit something harder, according to The Independent. Each of the boys crossed the border months or years ago from the impoverished west African nation of Burkina Faso, taking a bus away from home and parents to Ivory Coast, where hundreds of thousands of small farms have been carved out of the forest. Their expressions are deadpan, almost vacant, and they rarely talk. These farms form the world's most important source of cocoa, and are the setting for an epidemic of child labour that the world's largest chocolate companies promised to eradicate nearly 20 years ago. Under Ivory Coast's labour laws, that would make him legal. How old are you we ask one of the older-looking boys. 19, Abou Traore says in a hushed voice. (news.financializer.com). As reported in the news.

microsoft: Microsoft said the new Xbox will allow users to stream games from their Xbox One consoles to a mobile device, according to Market Watch. While AMD's positioning in Microsoft's next-gen Xbox has been expected, we think this should still be considered positive as it reinforces AMD's positioning in the high-end processor and graphics market for game consoles Microsoft's Project Scarlett' and Sony's PS5 consoles analyst Aaron Rakers at Wells Fargo wrote in a note to clients. Microsoft MSFT, -0.46% said over the weekend that Project Scarlett, the code name for its new Xbox console that is set to arrive during the 2020 holiday season, will be powered by custom-designed AMD processors. AMD's stock AMD, -0.71% jumped 2.5% in active trading to close above the 33 mark for the first time since May 2006. Trading volume rose 97.7 million shares, making AMD's stock the most actively traded on major U.S. exchanges. The stock had traded above 33 intraday five times in September 2018, reaching a high of 34.14 on Sept. 13, but could only close as high as 32.72 on Sept. 14. (news.financializer.com). As reported in the news.