UK manufacturing set for slowdown, Apple value heads towards $1tn – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Will Apple become the first company in history to be valued at $1tn? The company reported better than expected results after the market closed on Tuesday, helped by strong sales of the higher-cost iPhone X profits jumped 32%, and its shares rose 4% in the after-market, putting it tantalisingly close to the magic $1tn figure. Jasper Lawler, head of research at

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Ex-Playboy model wants additional $200K from top GOP donor

LOS ANGELES (AP) – A former Playboy centerfold model who claims to have had an affair with a top fundraiser for President Donald Trump wants him to pay an additional $200,000, beyond a $1.6 million settlement, according to court documents unsealed Tuesday. Shera Bechard filed a lawsuit under seal earlier this month against the fundraiser, Elliott Broidy, her former attorney Keith Davidson, and Michael Avenatti, the attorney for porn actress Stormy Daniels. Several news organizations, including The Associated Press, fought

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Theresa May must push for even softer Brexit, says thinktank | Business

Theresa May will be forced to offer further politically difficult concessions to the EU to minimise damage to the economy caused by Brexit, said one of the UK’s leading economic thinktanks. The National Institute for Economic and Social Research (NIESR) said Britain was gripped by an epidemic of uncertainty about the terms of its EU departure, and warned that the government would have to pay a bigger financial contribution or accept higher migration to get the deal it wanted. May

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Gruden relies on veterans again in his return to Raiders

NAPA, Calif. (AP) – Since Jon Gruden last coached in the NFL a decade ago, the league has undergone a youth movement. Thanks to a collective bargaining agreement that limits salaries for players in their first four years and a more spread out game that places a greater premium on speed, teams have relied more than ever on young players. Gruden still is showing the same kind of preference for experience that he did when he first took over the

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FCA proves to be a paper tiger in case of RBS mistreatment | Business

The Financial Conduct Authority is usually described as the City’s watchdog. In the case of the disgraceful treatment of small businesses by the Royal Bank of Scotland’s global restructuring group the FCA has proved to be a paper tiger. Let’s be clear. Businesses were badly and systematically let down by GRG, a unit that was specifically created by RBS to help customers cope with the tough business conditions created by the financial crisis of a decade ago. Precious little tender

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US stocks start higher as industrial companies climb

NEW YORK (AP) – U.S. stocks are rising Tuesday morning after a three-day losing streak. Industrial companies are making some of the largest gains, and companies including Ralph Lauren and Charter Communications are climbing following strong second-quarter reports. The Commerce Department said consumer spending kept growing in June and a key measurement of inflation stayed near the Federal Reserve’s target of 2 percent. KEEPING SCORE: The S&P; 500 index rose 9 points, or 0.3 percent, to 2,811 as of 10

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China in Africa: win-win development, or a new colonialism? | Cities

As their hand-built wooden dhow approaches the shore, Ibrahim Chamume and his fellow fishermen take in the sail and prepare to sell their catch to the small huddle of villagers waiting on the white sand. He has been making a living like this on the Indian Ocean since he was 14. His father was a fisherman, too. Now in his 30s, Ibrahim says earning enough from traditional fishing is tough, but has its compensations. There is the view across the

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European economy slows amid trade fears

FRANKFURT, Germany (AP) – Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures showed Tuesday. Growth in the 19 countries that use the euro currency eased to a quarterly rate of 0.3 percent, weaker than markets had expected and down from 0.4 percent in the first quarter. Fear that new tariffs will slow global commerce has been weighing on the outlook in the Europe, which is heavily dependent on trade. Despite the recent

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Follow the New Silk Road | Cities

Chinese tourist Lanzhen Tang is unimpressed. “I like it but it’s a bit small. There aren’t many people,” she says before posing for photographs beside a stretch limousine. Traders say visitor numbers collapsed a couple of months ago after the Chinese tightened import controls and restricted the movement of people between the two sides. This was ostensibly done to crack down on corruption, but ethnic discrimination and political tension may be a bigger factor. On the walls of every shopping

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Levi’s, Yelp join coalition pledging not to discriminate

Levi Strauss, Yelp and Lyft are leading a coalition of 1,200 businesses and cities that are pledging not to discriminate against employees or customers based on race, sexual orientation, or other characteristics. Normally, making a promise to serve every customer might seem like a no-brainer. But the Open to All coalition is launching in a highly charged atmosphere, with florists refusing to provide flowers for gay weddings and stores turning away Muslim customers. On the same June weekend that White

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