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Facebook bans false claims about COVID-19 vaccines
  + stars: | 2020-12-03 | by ( Katie Paul | Elizabeth Culliford | ) www.reuters.com + 0.00   time to read: +3 min
PALO ALTO, Calif. (Reuters) - Facebook Inc on Thursday said it would remove false claims about COVID-19 vaccines that have been debunked by public health experts, following a similar announcement by Alphabet Inc’s YouTube in October. Facebook said in a blog post that the global policy change came in response to news that COVID-19 vaccines will soon be rolling out around the world. Facebook said it would remove debunked COVID-19 vaccine conspiracies, such as that the vaccines’ safety is being tested on specific populations without their consent, and misinformation about the vaccines. “This could include false claims about the safety, efficacy, ingredients or side effects of the vaccines. For example, we will remove false claims that COVID-19 vaccines contain microchips,” the company said in a blog post.
Persons: Dado Ruvic Organizations: Facebook, REUTERS, Pfizer Inc, Moderna Inc, U.S, Pfizer Locations: PALO ALTO, Calif, COVID, Samoa, Pakistan
Tracking Viral Misinformation
  + stars: | 2020-12-03 | by ( Mike Isaac | Davey Alba | Michael D. Shear | ) www.nytimes.com + 0.00   time to read: +53 min
Daily Distortions Tracking Viral Misinformation Every day, Times reporters will chronicle and debunk false and misleading information that is going viral online. The company previously removed misinformation about the polio vaccine in Pakistan, as well as misinformation on the measles vaccine in Samoa during outbreaks of the illnesses. or Department of Justice, this is the biggest thing you could be looking at,” Mr. Trump said. found no evidence of widespread election fraud, Trump posts video filled with falsehoods. In fact, the article Mr. Trump shared was based on a fake Twitter account that posed as his sister.
Persons: Laura Morton, , Mark Zuckerberg, Zuckerberg, Anthony Fauci, Fauci, Read, Barr, President Trump, William Barr, Doug Mills, William P, Lou Dobbs, Dobbs, Mr, Barr “, Trump’s, virulently, Barr’s, George Terwilliger, George H.W, Terwilliger, ” David Rohde, , Trump, I’ve, ” “, Emerald Robinson, Newsmax, Bill Barr, Mark Levin, Katie Benner, Erin Schaff, Joseph R, Biden, ” Mr, Gabriel Sterling, Trump improbably, Rudolph W, Giuliani, Mitch McConnell of, Jacob Keeperman, selfie, Keeperman, Steve Sisolak, ” Read, Kamala Harris, Samuel Corum, Dinesh D’Souza, Ryan Fournier —, Harris’s, Barack Obama’s, Obama’s, , Heath Brown, Harris, Gavin Newsom, “ President Trump, Ross Baker, Mike Pence, George W, Bush, Dick Cheney, Bill Clinton, Al Gore, Ronald Reagan, Dan Quayle, Reagan, Jimmy Carter, Carter’s, Walter Mondale, Richard Nixon, Spiro Agnew, , Nicole Craine, implausibly, — Donald J, Brian Kemp of, Kemp, Anthony Michael Kreis, Kreis, Brad Raffensperger, Raffensperger, Andrew Caballero, Reynolds, Sona Iliffe, favorability, “ n00bs, Weeks, Audra Melton, WriteInTrumpForGA, ” Jordan Fuchs, Georgia’s, “ There’s, Biden’s, Kelly Loeffler, David Perdue, Loeffler, Perdue, Donald Trump, Pete D’Abrosca, Donald Trump Jr, Kelly, David, MAGA, GASEN — Donald Trump Jr, Jon Ossoff, Raphael Warnock, , Warnock, Yuri Gripas, OAN, Ivy Choi, affixing, Susan Wojcicki, — Robert Menendez, Mazie, Gary Peters of, Amy Klobuchar, Minnesota —, Wojcicki, Lynnette Hardaway, Rochelle Richardson, Dan Bongino, Diamond, David J, Harris Jr, Elizabeth Trump Grau, Elizabeth, Trump Grau, Wayne Dupree, Betty Trump, Don, We’ve, Chris Wallace’s, iopJ0AJ1KV — Donald J, “ I’m, Elizabeth Trump, “ Hope y’all, it’s, Chris Megerian, Dupree, Twitter, ” Davey Alba, Charlie Brown, Constantine ”, Keanu Reeves, Keanu Reeves ’ Constantine, Joe Biden, Candace Owens, Star Ben Watkins, Joshua Rashaad McFadden, Sidney Powell, Lin Wood, Russell Ramsland, Wolf, Frazee, Kandiyohi, John H, litigator, Hinderaker, Wood’s, . Wood, Ramsland, Powell Organizations: Facebook, The New York Times, World Health Organization, United, United States Food, Drug Administration, Centers for Disease Control, White House, ., New York Times, Justice Department, Trump, Fox Business, Twitter, The Justice, Mr, Times, Democratic, Fox, of Justice, DOJ, FBI, The Washington Times, The Times, Wednesday, White, Associated Press, Republican, Capitol, Renown, Renown Regional Medical, Renown Health, Renown’s, Operations Center, Senate, John Jay College, Federal Reserve, Governors, Committee, , Rutgers University, Halliburton, Georgia World Congress, State, WIN, Atlanta Journal, Georgia State University, Agence France, Morale, BuzzFeed, Georgia, Systems, GOP, U.S, Purdue, , ‘ Trump, Ossoff, YouTube, Associated Press YouTube, America News Network, America News, Center for Disease Control, Google, — Robert Menendez of New, Gary Peters of Michigan, Georgia Senate, , Avaaz, Getty, Fox News, United Feature Syndicate, Associated, NewsWhip, MasterChef, Broadcast, CNN, Los Angeles Times, PBS, Star, Laude, High, Credit, The New York, Voting Systems, “ MN Locations: Menlo Park, Calif, Credit, Covid, United States, U.S, Pakistan, Samoa, Bush, New Yorker, Spygate, Georgia, Mitch McConnell of Kentucky, Nevada, Reno, Nev, COVID, Washington, Texas, Arkansas, Maryland, Atlanta, Brian Kemp of Georgia, America, ” Image Georgia, North Carolina, Loeffler, hashtag, — Robert Menendez of, — Robert Menendez of New Jersey, Hawaii, Minnesota, Michigan, Charlotte, N.C, Minneapolis, Midwest, Monticello, Albertville, Lake Lillian, Houston, Brownsville, Runeberg, Detroit Lakes, , , Arizona
The U.S. National Labor Relations Board has filed a complaint against Google and its parent company Alphabet, accusing the tech juggernaut of violating labor laws. The company was allegedly “interfering with, restraining, and coercing employees in the exercise of their rights guaranteed in Section 7 of the Act,” according to the complaint filed Tuesday. The week of Thanksgiving 2019, Google fired four employees, including Berland and Rivers, claiming they shared confidential documents and breached security. Shortly after that, Google fired security engineer Kathryn Spiers after she created a pop-up notification for Google employees visiting the website for IRI Consultants, a firm known for anti-union work, which Google had hired. The agency states that Google unlawfully surveilled employees “on numerous occasions,” including viewing an employee presentation in support of union efforts, the filing states.
Persons: Google didn’t, Rebecca Rivers, Laurence Berland, Kathryn Spiers, Spiers, Sen, Bernie Sanders, Elizabeth Warren, , Organizations: U.S . National Labor Relations, Google, NLRB, CNBC, IRI Consultants, Twitter, Investigations Locations: San Francisco, Rivers
Daimler proposes ex-BMW and VW executive Pischetsrieder as chairman
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: An arrow in front of the Mercedes-Benz Museum shows the way to the Daimler headquarters, as the spread of the coronavirus disease (COVID-19) continues in Stuttgart, Germany, April 22, 2020. REUTERS/Andreas GebertFRANKFURT (Reuters) - German carmaker Daimler on Thursday said it would propose that Bernd Pischetsrieder be elected chairman of the car and trucks maker, after former Chief Executive Dieter Zetsche withdrew his candidacy for the job. Pischetsrieder is a former chief executive of Volkswagen Group and a former board member of rival BMW. Daimler also said that Elizabeth Centoni, Ben van Beurden and Martin Brudermueller will be put forward for election to the supervisory board at the company’s 2021 annual general meeting. At the end of the annual general meeting on March 31, 2021, long-term chairman Manfred Bischoff will step down, Daimler said.
Persons: Andreas Gebert FRANKFURT, Bernd Pischetsrieder, Dieter Zetsche, Elizabeth Centoni, Ben van Beurden, Martin Brudermueller, Manfred Bischoff Organizations: Mercedes, Benz Museum, Daimler, REUTERS, Volkswagen Group, BMW Locations: Stuttgart, Germany
FILE PHOTO: A British Union Jack flag flutters outside the European Parliament in Brussels, Belgium January 30, 2020. A senior British government source said the prospect of a breakthrough in the next few days was receding. The two are trying to agree rules to govern nearly $1 trillion in annual trade after Britain leaves the EU’s orbit on Dec. 31. The UK chamber is also introducing new legislation next week that is widely expected to contain more provisions that overrule parts of London’s January EU withdrawal agreement deal relating to Northern Ireland. Irish Foreign Minister Simon Coveney said he hoped for a new trade agreement in the next few days.
Persons: Francois Lenoir, Michel Barnier, de Rynck, , “ We’ve, David Frost, Simon Coveney, Gavin Williamson, we’re Organizations: LONDON, European Union, REUTERS, EU, British, Northern Ireland . Irish, Sky Locations: BRUSSELS, Jack, Brussels, Belgium, Britain, London, Belgian, EU, London’s, Northern Ireland
Dollar plumbs two-year lows; Aussie and Kiwi stabilise
  + stars: | 2020-12-03 | by ( Elizabeth Howcroft | ) www.reuters.com + 0.00   time to read: +4 min
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. The dollar fell, hitting as low as 90.834 versus a basket of currencies - its lowest since April 2018. The moves in the euro are largely due to dollar weakness, rather than euro drivers, ING strategists wrote in a note. The European Union is embroiled in a dispute with members Hungary and Poland over its budget and COVID-19 recovery fund. The kiwi dollar also held near recent highs, up 0.1% on the day at 0.7072.
Persons: Thomas White, Joel Kruger, ” Kruger, Biden, LMAX Group’s Kruger, Esther Reichelt Organizations: Pfizer, LMAX Group, Federal Reserve, European Central Bank, ECB, ING, Deutsche Bank, European, Australian, Swiss Locations: Washington, United States, COVID, China, Hungary, Poland, Britain
Hits Record Daily Death Toll, With Worse Likely to Come With cases in the U.S. blowing past the spring peak, more than 100,000 people were hospitalized for Covid-19 on Wednesday. Experts warn that the nation could be facing the most difficult time in its public health history. Then, not long after evening fell, the U.S. recorded is greatest daily death toll ever: 2,760, with no sign of a letup. “This is a much worse situation,” said Dr. Ashish Jha, dean of Brown University’s School of Public Health. Among the abuses was the 40-year-long Tuskegee study in which officials from the U.S. Public Health Service allowed Black men infected with syphilis to go untreated.
Persons: Janie Osborne, Robert Redfield, , Dr, Redfield, , Jeremy Faust, It’s, “ We’re, it’s, Ashish Jha, Leora Horwitz, Sabrina Tavernise, Sheila Kaplan, Obama, Barack Obama, Erin Schaff, Anthony Fauci, ” Mr, Joe Madison, Anthony S, ’ ”, Elizabeth Stoeppler, We’re, they’ve, Joanne Bartkus, Kim Hong, Kim Mun, jeong, , Andrew Testa, Steve McNamara, McNamara Organizations: ., The New York Times, for Disease Control, Chamber of Commerce Foundation, Brigham, Women’s Hospital, Brown University’s School of Public Health, Centers for Disease Control, Grossman, of Medicine, National Institute of Allergy, Pfizer, Tuskegee, U.S . Public Health Service, Houston Methodist Hospital . Credit, University of North Carolina’s School of Medicine, Minnesota Department of Public Health Laboratory, Korean, Government, College Scholastic, South, Drivers ’ Association Locations: U.S, Bozeman, Mont, Covid, Boston, New York, New England, United States, Seoul, South Korea, South Korean, Central Seoul, Korea, Epping, England, London, Britain
The idea that your student loans have little impact on your credit score is a common myth. The two accounts that regularly show up on credit reports are installment credit and revolving credit. Student loans — in addition to car loans, personal loans and mortgages — are considered installment loans, and they factor into your credit score. "Default on a few student loans, and you'll see just how much student loans affect your scores," financial expert John Ulzheimer, formerly of FICO and Equifax, tells CNBC Select. Doing so can help you build credit and lead you on the path to establishing a good credit score.
Persons: John Ulzheimer Organizations: CNBC Locations: FICO
That, however, has not been the case for the most recent season of Netflix’s “The Crown.”The first three seasons of the popular series, a sweeping dramatization of the British royal family, largely passed without too much controversy. “It is just inaccurate, obviously totally unfair, but also quite dangerous in fact to the British constitution,” said historian Andrew Roberts, who wrote “The Royal House of Windsor,” tracing the history of the queen’s family. The danger of the show changing people’s impressions of the royal family is especially pronounced when it comes to Camilla, according to Roberts. Her "hopes of becoming queen are seriously threatened by the fact that she has been portrayed as an evil unfeeling woman. Netflix told NBC News it had “no comment” on the calls for fiction warnings on the show.
Persons: , Andrew Roberts, Queen Elizabeth II's, Prince Harry, Meghan Markle, Prince Charles ’, Diana, Emma Corrin, Josh O'Connor, Des Willie, Roberts, Charles, Camilla, Charles ’, Oliver Dowden, Dowden, YouGov, Michael Forsyth, “ It’s, Forsyth, Princess, Wales, Peter Morgan, Helena Bonham Carter, Margaret, it’s, ” Bonham Carter, Imelda Staunton, Harry Potter ” Organizations: Netflix, Royal, of, Windsor, NBC, NBC News Locations: of Windsor, U.S, Britain,
"Only 32% of Americans go to college, and cost is not what keeps the most exceptional kids of any income level from getting to college," Galloway writes. Around 20% of college students live with their parents, and over half don't live in college housing. A two-year community college degree in business management, marketing, or similar field is a sufficient prerequisite for many office jobs. A two-year community college degree in business management, marketing, or similar field is a sufficient prerequisite for many office jobs. College needs to be more affordable, but we don't need to subsidize the wealthiest households in America, who send 88% of their children to college.
Persons: Scott Galloway, Galloway, Read, Elizabeth Warren, That's, It's, Scott Galloway Scott Galloway, University's, G, Kara Swisher Organizations: NYU Stern, NYU, Blacks, Endowments, Harvard, MIT, Yale, Google, Apple, Netflix, Bank of America, Corona Corps, General Assembly, Lambda School, Khan Academy, YouTube, Penguin Publishing, Penguin Random, New York Times, University's Stern School of Business Locations: Dubai, Shanghai, Harvard, Germany, America, New
In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to play out over two to four months. U.S. District Judge Edward Davila on Tuesday revealed a map of the reconfigured courtroom where 14 jurors will be seated socially distanced to decide on Holmes' fate. Holmes' attorneys expressed their concern over certain witnesses testifying in the courtroom with other people. Holmes and her co-defendant Ramesh "Sunny" Balwani each face a dozen felony fraud charges and 20 years in prison if convicted.
Persons: Elizabeth Holmes, Edward Davila, Holmes, Davila, Lance Wade, Henry Kissinger, Rupert Murdoch, summonses, Ramesh, Sunny, Wade, Balwani Organizations: District, Street Locations: San Jose federal, U.S
Nicholas Gravante, who was overseeing a massive restructuring at litigation firm Boies Schiller, is now jumping ship. Boies Schiller previously entertained merger talks with the firm, though they didn't pan out. Boies, Harrison, Gravante, and a BSF spokesperson did not respond to requests for comment. The firm currently has four managing partners — Boies, Schiller, Gravante and Harrison. Sean O'Shea, a litigation partner at Cadwalader who previously worked at Boies Schiller, said he has been friends with Gravante for years.
Persons: Nicholas Gravante, Boies Schiller, Cadwalader, Cadwalader Wickersham, Taft, David Boies, Harvey Weinstein, Elizabeth Holmes, Gravante, Natasha Harrison, Harrison, Read, Boies, — Boies, Schiller, Karen Dyer, Philip Iovieno, Larry Brandman, Pat Quinn, Cadwalader's, Starr Cos, Sean O'Shea, Cadwalader — Organizations: Street Journal, Ritz Carlton, Business, Gravante, Cadwalader Locations: Wickersham, New York City, Key Biscayne , Florida
Google employees at the tech giant's headquarters in Mountain View, California, walk off the job to protest the company's handling of sexual misconduct claims. The U.S. National Labor Relations Board has filed a complaint against Google and its parent company Alphabet, accusing the tech juggernaut of violating labor laws. The company was allegedly "interfering with, restraining, and coercing employees in the exercise of their rights guaranteed in Section 7 of the Act," according to the complaint filed Tuesday. Shortly after that, Google fired security engineer Kathryn Spiers after she created a pop-up notification for Google employees visiting the website for IRI Consultants, a firm known for anti-union work, which Google had hired. Watch: Google employees walk out to protest the company’s handling of sexual misconduct
Persons: Google didn't, Rebecca Rivers, Laurence Berland, Kathryn Spiers, Spiers, Sen, Bernie Sanders, Elizabeth Warren Organizations: U.S . National Labor Relations, Google, NLRB, CNBC, IRI Consultants, Twitter, Investigations Locations: Mountain View , California, San Francisco, Rivers
Put together a 'financial report card'Assembling a "financial report card," as Ma calls it, is smart to do any time of the year, but during the holidays especially. To create your own financial report card, dedicate a couple of hours to plugging your savings, income and monthly expenses into a spreadsheet. A financial report card is a lot like a monthly budget. As part of your financial report card, you can keep track of your credit throughout the rest of the year by signing up for a credit monitoring service. "Being very upset about not receiving a holiday bonus may be a signal of a larger problem in your job," Ma says.
Persons: Roger Ma, Ma Organizations: CNBC
The five-year Ally Bank High Yield CD ranks on CNBC Select's list of the top CDs. Ally Bank High Yield CD reviewAlly Bank High Yield CD Learn More Information about the Ally Bank High Yield CD has been collected independently by CNBC and has not been reviewed or provided by the bank prior to publication. We ranked the five-year Ally Bank High Yield CD as one of the best long-term CDs, but for those CD savers looking for something else, Ally Bank offers options, including a Raise Your Rate CD, No Penalty CD and Select CD. To plan ahead, you can schedule a transfer prior to maturity to move funds to another Ally account or to an external bank account. When rating our top five CD accounts, we ranked the best in the following categories: three-month CD, six-month CD, one-year CD, three-year CD and five-year CD.
Persons: Ally, Ally Bank's, it's, APY Organizations: CNBC, Ally, Ally Bank, FDIC, Bank, Social
Three of the six cases involved content that Facebook removed for breaking hate speech rules. An Oversight Board spokesman said hate speech cases had been “the most significant proportion” of appeals received. In November, Facebook for the first time disclosed numbers on the prevalence of hate speech on the platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech. Asked about this group, a spokeswoman for Facebook’s oversight board said: “Lots of people have opinions about Facebook. The Oversight Board is focused on making binding decisions and issuing policy recommendations that will hold Facebook to account.”
Persons: Johanna Geron, ” Jamal Greene, “ It’s, Greene, , Steve Bannon, Donald Trump’s Organizations: Reuters, Facebook, REUTERS, Columbia Law School
For Yazdan Yazdanpanah, a member of the Scientific Council, an independent advisory body consulted by the government, the experience showed the scientific community needed to work harder to make itself heard. The first lockdown had ended in May, cases were down sharply, and the country’s nearly 200,000 bars, restaurants and cafes were buzzing. The Scientific Council had warned officials to expect a resurgence of infections. On the agenda: the possible closure of all restaurants, bars and cafes across France, one person present told Reuters. In the high-stakes contest with France’s restaurant and café industry, scientists had been at a disadvantage, said Yazdanpanah, the Scientific Council member.
Persons: Francoise ”, Nicolas Sarkozy, Francois Hollande, crepes suzette, Pascal Mousset, Francoise, Charles Platiau, don’t, , texted, Alain Griset, Mousset, Griset, Chez Francoise, ” Griset, It’s, Restaurateurs, , Julien Borowczyk, Didier Lepelletier, Emmanuel Macron, Olivier Veran, Macron, Veran, Stephane Manigold, Jacques Bally, Philippe Etchebest, Gordon Ramsay, Alain Ducasse, Manigold, Bruno Le Maire, Le Maire, ” Manigold, ” Le Maire’s, Le Maire’s, “ Chez Francoise ”, Jean Castex, France’s, Yazdanpanah, “ We’re Organizations: PARIS, Reuters, REUTERS, Chez, Scientific Council, , Organisation for Economic Cooperation, Development, European Union, Eurostat, Scientific, U.S . government’s, for Disease Control, High Council, Public Health, CDC, Health, Vogue, Industry, Council, High Locations: Paris, France, Europe, U.S, Marseille, Bordeaux, Iran, Dorchester, WhatsApp
LONDON (Reuters) - A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution. Britain’s Office for Budget Responsibility said last week that failure to agree a free trade deal would wipe an extra 2% off UK economic output - in addition to the 4% drop from leaving the bloc with a deal - while driving up inflation, unemployment and public borrowing. “The EU still wants to take the lion’s share of the fishing in our waters - which is just not fair given that we are leaving the EU,” Gove told Sky. A trade deal would not only safeguard trade but also buttress peace in British-ruled Northern Ireland. Irish Prime Minister Micheal Martin said a deal could be done this week.
Persons: Lancaster Michael Gove, Toby Melville Just, , Michael Gove, “ It’s, ” Gove, Gove, Boris Johnson, Angela Merkel, Micheal Martin, ” Martin, Organizations: European Union, Foreign and Commonwealth Office, REUTERS, London, ITV, of, Britain’s, EU, Sky, Irish, Irish Times Locations: British, Duchy, London, Britain, Lancaster, of London, United Kingdom, Europe, Northern Ireland
That's why Thinkful offers an ISA, to help students "bet on themselves and launch high-growth careers" without having to invest upfront, he added. With General Assembly's ISA, students can stop making payments if they lose or have to leave their job for any reason, he added. "Had I needed to pay upfront, it would have been almost impossible to sustain my lifestyle for upwards of a year." Most of the program's students find a job within two months of searching and 100% of the roles accepted were within the tech field. Flatiron School offers students a career coach to help with personal branding, the job search process, and interview skills.
Persons: they're, Rosalie Chan, Elizabeth Warren, Betsy DeVos, Read, MBAs, Thinkful, Dan Friedman, Francisco Escobar, Assembly's, Assembly's bootcamps, Tom Ogletree, it's, Angil Tate, Angil, I've, Slack, Kush Patel, Phelipe Fernandes, Grace Hopper, Chloé Jandsten, Grace, Chloé, Insider's Meghan Morris, Alex Nicoll, Madison Goerend, Madison, Alison, Goerend, Caleb Hicks, Lola Heffernan Organizations: Google, IBM, Microsoft, Software, US Bureau of Labor Statistics, Carnegie Mellon University, Massachusetts Institute of Technology, US News, Thinkful, General Assembly, Twitter, Adobe, Assembly's, General, ISA, Viget Labs, App Academy, Facebook, App, Grace Hopper Fullstack Academy, Spotify, Chicago and, Grace Hopper Fullstack, Flatiron School, Citi, Pandora, Madison Goerend, Lambda School, Amazon, eBay, Cisco, Elsevier, Business Locations: Silicon Valley, Thinkful, Silicon, Chicago, Chicago and New York City, New York City
In Britain, a ‘retail house of cards’ begins to fall.
  + stars: | 2020-12-01 | by ( Eshe Nelson | Elizabeth Paton | ) www.nytimes.com sentiment -1.00   time to read: +1 min
Debenhams, a chain of department stores with about 12,000 employees, said on Tuesday that the company would begin to close down. It’s the second domino to fall after the collapse on Monday of Arcadia Group, which owns brands including Topshop and Miss Selfridge. Arcadia’s brands have a heavy footprint in Debenhams, selling clothes through stands in the department stores. “The retail house of cards on the high street is in danger of collapse,” said Susannah Streeter, an analyst, at Hargreaves Lansdown. She said Arcadia’s brands were among the most prominent in Debenhams, “so its collapse into administration clearly put the frighteners on management.”
Persons: It’s, Miss Selfridge, , Susannah Streeter, Hargreaves Lansdown Organizations: Debenhams, JD, Arcadia Group, Topshop, Miss, Deloitte Locations: Debenhams, Arcadia,
LONDON — The British department store Debenhams can trace its history back 242 years to a shop on Wigmore Street in central London. After more than a year of restructuring and several months of trying to find a buyer, the company said it would begin shutting down. Debenhams is the second big retailer to topple in two days, after Arcadia Group, which owns brands including Topshop and Miss Selfridge, filed for bankruptcy protection on Monday. The two are also linked because Arcadia’s brands have a big footprint in Debenhams, with sections set aside for their clothes. More bankruptcies are expected, as the lockdowns have relentlessly exposed the retailers that have failed to pick up on customers’ willingness to shop online.
Persons: Miss Selfridge Organizations: British, Debenhams, Arcadia Group, Topshop, Miss Locations: London, Debenhams, Britain’s, England
The popular Netflix series "The Crown" has taken viewers on a sweeping tour of modern history through the eyes of the British royal family, dramatizing pivotal events from the post-war era to Margaret Thatcher's administration. But the show's revisions to the historical record — embellishments, exaggerations and even some outright inventions — have long stoked debate among scholars and biographers, and now Britain's culture minister is weighing in. Oliver Dowden, the United Kingdom's secretary of state for culture, told the Mail on Sunday newspaper that he believes Netflix needs to make it abundantly clear to viewers that "The Crown" is a work of fiction, not a by-the-book history lesson. He told the British broadcaster ITV: "I worry people do think that this is gospel, and that's unfair." Sally Bedell Smith, the author of a biography of the queen, told NBC News that Morgan's credo might as well be summed up as "false drama and conflict overriding the truth."
Persons: Margaret Thatcher's, Oliver Dowden, Dowden, Windsor, Peter Morgan, Queen Elizabeth II's, Diana, Prince Charles, politicos, Dickie, Josh O'Connor, Emma Corrin, Charles Spencer, Elizabeth, Olivia Colman, Margaret Thatcher, Gillian Anderson, Morgan, Frost, Nixon, Sally Bedell Smith, Smith Organizations: Netflix, The Mail, NBC News, ITV Locations: Windsor, Buckingham, British
"Credit scores tend to improve as people age," says Rod Griffin, senior director of public education and advocacy for Experian. Gen X has a high average credit utilization rateAccording to Experian's analysis, the average Gen Xer has a revolving utilization rate of 32%. "Gen X has reduced their credit utilization rate year over year, which is a good thing," Griffin tells CNBC Select. Your credit utilization rate, or balance-to-limit ratio, shows how much of your available credit you use. As Griffin points out, these consumers carry more nonmortgage, mortgage, credit card and retail card debt than any other generation.
Persons: Gen Xers, Gen, Rod Griffin, X, Griffin, Gen X, Xer, Gen Z, CreditWise Organizations: Credit, CNBC, Experian Credit Locations: Experian
BRUSSELS/LONDON (Reuters) - Britain and the European Union warned each other on Monday that time was running out to reach a Brexit trade deal, with big differences still to be bridged on state aid, enforcement and fishing. “We don’t need a deal at any price and we have made this clear... A deal is in everyone’s interest,” she said. A trade deal would not only safeguard trade but also buttress peace in British-ruled Northern Ireland, though some disruption is almost certain at the busiest EU-UK border points. FILE PHOTO: A British Union Jack flag flutters outside the European Parliament in Brussels, Belgium January 30, 2020. EU sources said Barnier had offered Britain a 15-18% bigger catch after Jan. 1 but London had demanded 80% and annual quota talks, which the bloc rejects.
Persons: Boris Johnson, Simon Coveney, Angela Merkel, , Johnson’s, Michel Barnier, David Frost, Francois Lenoir, Barnier, ” Coveney Organizations: LONDON, European Union, EU, REUTERS, Newstalk Radio, Britain, London Locations: BRUSSELS, Britain, United Kingdom, COVID, London, EU, Northern Ireland, Europe, Jack, Brussels, Belgium
BRUSSELS/LONDON (Reuters) - Britain and the European Union cautioned each other on Monday that time was running out to reach a Brexit trade deal, with big differences still to be bridged on state aid, enforcement and fishing. Prime Minister Boris Johnson, who is also tackling Europe’s worst official death toll from COVID-19, says a deal would be preferable but that Britain, which joined the EU in 1973, would flourish without one. A trade deal would not only safeguard trade but also buttress peace in British-ruled Northern Ireland, though some disruption is almost certain at the busiest EU-UK border points. Talks between EU chief negotiator Michel Barnier and British chief negotiator David Frost continued on Monday. “The truth of Brexit is now being exposed in terms of the challenges of it.”FILE PHOTO: A British Union Jack flag flutters outside the European Parliament in Brussels, Belgium January 30, 2020.
Persons: Boris Johnson, Johnson’s, Dominic Raab, Michel Barnier, David Frost, Barnier, , Simon Coveney, Francois Lenoir Coveney, Ireland’s Organizations: LONDON, European Union, EU, Brexit, Irish, REUTERS, Ireland’s Newstalk Radio Locations: BRUSSELS, Britain, United Kingdom, COVID, London, EU, Northern Ireland, Europe, Jack, Brussels, Belgium
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