The UK economy is doing even worse than we thought, and the prospects of a V-shaped recovery look bleak

The UK economy is doing even worse than we thought, and the prospects of...

The UK's economy grew by only 1.8% in May, falling well below economists' predictions.  Reuters economists were expecting a 5.5% increase, after 20.3% contraction in the UK economy in April.  The small scale of the recovery suggests that the much-vaunted V-shaped recovery some economists expect in the UK is a long way away. "The economy…
Amazon said workers could wash hands without penalty since March – Business Insider

Amazon said workers could wash hands without penalty since March – Business Insider

Amazon is being sued by six Staten Island warehouse workers who claim the company didn't do enough to protect them against the coronavirus.Amazon says it takes the health of its workers seriously, and as part of its defence it claims it told workers they could take time to go wash their hands without fearing reprisal.Amazon…
$72 billion net worth makes Mukesh Ambani world’s sixth richest person – Business Insider

$72 billion net worth makes Mukesh Ambani world’s sixth richest person – Business Insider

Mukesh Ambani's $72 billion net worth has made him the sixth richest person in the world.He is now richer than Tesla founder Elon Musk ($68.6 billion) and Google founders Larry Page and Sergey Brin.Just four days ago, Ambani — who runs oil-to-telecom conglomerate Reliance Industries — became richer than stock legend Warren Buffet. Visit Business Insider's…
WHO head: too many countries going in ‘wrong direction’ with COVID-19 – Business Insider

WHO head: too many countries going in ‘wrong direction’ with COVID-19 – Business Insider

The head of the World Health Organization said that "too many countries are headed in the wrong direction" in the fight against the coronavirus.Dr. Tedros Adhanom Ghebreyesus said people are getting "mixed messages from leaders" and that, without basic measures being followed, the pandemic is "going to get worse and worse and worse."The Americas are…
Reliance Jio lured millions of Indians online with cheap data and is reshaping the internet – Business Insider

Reliance Jio lured millions of Indians online with cheap data and is reshaping the...

The "Jio effect" is changing the internet. Mushfiqul Alam/NurPhoto via Getty Images Major US tech and investment firms including Facebook — and possibly Google — are investing a collective $15 billion in Indian tech firm Jio Platforms.Jio Platforms saw explosive growth by luring Indians online for the first time with free or cheap mobile data…
Arizona, Texas request refrigerated trucks to hold coronavirus dead – Business Insider

Arizona, Texas request refrigerated trucks to hold coronavirus dead – Business Insider

Hospital and county officials in Texas and Arizona are requesting refrigerated trucks as the states grapple with a new wave of coronavirus cases and deaths. The refrigerated trucks would serve as makeshift morgues to hold dead bodies.As of Sunday, hospitals in Arizona were at about 90% capacity. Texas is dealing with more than 124,000 active cases.Visit…
Orbital Witness: legal startup backed by Seedcamp in $4 million funding round – Business Insider

Orbital Witness: legal startup backed by Seedcamp in $4 million funding round – Business...

Orbital Witness, a legal tech startup based in London, just raised $4 million in a funding round backed by Seedcamp and LocalGlobe. The firm uses machine learning to speed up and simplify the bloated due diligence process on property and land sales. Some of Orbital Witness' best known clients include British retail giant M&S, Transport for London,…
Trump goes around Kushner with direct calls to battleground state aides – Business Insider

Trump goes around Kushner with direct calls to battleground state aides – Business Insider

President Donald Trump has built a network of loyal political operatives in battleground states that lets him circumvent senior White House aide Jared Kushner. Stefan Rousseau/PA Images via Getty Images President Donald Trump is increasingly working around Jared Kushner and calling directly to battleground states for reports on the state of his campaign.Trump started taking…
Warren Buffett may have bought back more than $5 billion in Berkshire Hathaway stock in recent weeks

Warren Buffett may have bought back more than $5 billion in Berkshire Hathaway stock...

Warren Buffett may have bought back more than $5 billion in Berkshire Hathaway stock in recent weeks. The famed investor disclosed his Berkshire stake in a filing last week, suggesting the number of outstanding shares shrunk by about 1.2% between April 23 and July 7. "It implies relatively strong buyback activity," Edward Jones & Co…
Global stocks surge as investors ignore record new COVID-19 infections, and pin their hopes on the start of earnings season

Global stocks surge as investors ignore record new COVID-19 infections, and pin their hopes...

Stocks across the globe rose on Monday despite continuing signs that the coronavirus pandemic is speeding up once again. Investors were upbeat ahead of earnings season kicking off this week, with many US banks due to report. In China, the Shenzhen Component jumped 3.5%, while European stock indexes climbed around 1%, and US futures pointed…

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George Soros, John Paulson, and other billionaire investors won’t have to disclose their stock portfolios if a proposed SEC rule passes

George Soros, John Paulson, and other billionaire investors won’t have to disclose their stock...

Billionaire investors including George Soros and David Tepper won't have to reveal their stock portfolios every quarter if a new SEC proposal is implemented. The investment firms run by Soros, Tepper, John Paulson, Paul Tudor Jones, and David Einhorn would all be exempt from filing 13-F forms if the agency raises the disclosure threshold from…
An auto industry legend questioned Tesla’s eye watering stock rally, and said it has ‘nothing to do with reality’

An auto industry legend questioned Tesla’s eye watering stock rally, and said it has...

Automotive veteran Bob Lutz has questioned how Tesla has surged to have the highest market cap of any automotive company in the US while only producing 300,000 cars a year.  He told CNBC's Squawk box: "The fact that Tesla is worth more than Fiat Chrysler, General Motors and Ford combined is worth more than Volkswagen and…
Phoenix mayor says Arizona coronavirus surge was preventable, heartbreaking – Business Insider

Phoenix mayor says Arizona coronavirus surge was preventable, heartbreaking – Business Insider

A healthcare worker conducts a coronavirus test in Tolleson, Arizona, on June 18, 2020. Courtney Pedroza/Reuters Arizona's coronavirus cases have jumped from around 20,120 on June 1 to more than 128,000 on Tuesday, according to Johns Hopkins University.Maricopa County, where Phoenix is located, has nearly 65% of the state's cases.Phoenix Mayor Kate Gallego says the city…