Retailers likely to face backlash for failing to curb plastic use, survey finds | Environment

Retailers are likely to face a consumer backlash if they fail to take action to curb plastic use, according to a survey by the owners of Canary Wharf in London. The operators of Canary Wharf are pledging to become the world’s first plastic-free commercial centre, in partnership with the campaign group Surfers Against Sewage (SAS). As part of their commitment to become plastic-free, Canary Wharf Group carried out an audit of consumers, retailers and corporate businesses within the commercial and

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Wells Fargo finds efficiency target elusive as revenue slips

(Reuters) – With Wells Fargo & Co’s revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank’s closely watched efficiency ratio will return to pre-scandal levels. FILE PHOTO: People walk by a Wells Fargo banking location in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni/File Photo The fourth-largest U.S. bank booked hundreds of millions of dollars in fresh customer remediation and rebate costs in the second quarter, fueling worries

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Britain looks to growing Asian markets for post-Brexit era

Britain wants to align itself more closely with Asia’s growing economies as it prepares to leave the European Union, Trade Secretary Liam Fox said Wednesday. The United Kingdom seeks to strike new trade pacts with countries that are becoming a larger part of its export market, he said, while also maintaining as much of its European trade as it can. “This is where we’re likely to see a lot of global growth coming over the next 10, 15 years,” he

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UK gangs ‘using vulnerable people’s homes to stash drugs’ | World news

Thousands of vulnerable people in the UK are having their homes taken over by drug gangs who use the premises to stash weapons and sell illegal substances, the Guardian has learned. The scale of cuckooing, as it is known, has been revealed and officers warn that the problem, which involves dealers befriending vulnerable individuals whose homes they turn into a place to keep and sell drugs – known as a traphouse – leaves victims facing violence and abuse. Diane Hill,

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Hedge fund Man Group says assets up 4.2 percent in first-half

LONDON (Reuters) – British hedge fund firm Man Group (EMG.L) on Wednesday said assets under management rose 4.2 percent in the first six months of 2018 after net inflows of $8.3 billion offset performance losses and the impact of a stronger U.S. dollar. Man Group’s total assets under management at the end of June rose to $113.7 billion from $109.1 billion at the end of December. Adjusted profit before tax rose 5 percent from the first half of 2017 to

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Fed expected to keep interest rates unchanged

When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed’s statement may also discuss potential risks from rising trade tensions. But it is almost certain the statement will not acknowledge the recent criticism lodged at the central bank from President Donald Trump. The

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How can Viagogo get away with charging such big fees? | Money

I wanted to attend the BBC’s The Biggest Weekend festival and found three tickets on secondary ticketing site Viagogo, [where people who have bought tickets can sell them on]. The original face value was £18 each but I found I’d been charged £1,772 for the three [after fees were added to the seller’s new asking price]. I would never have bought them at that price. I asked for a refund but it was refused. Viagogo just suggests I relist the

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Greenlight’s bet against Tesla crashes fund’s second-quarter returns

BOSTON (Reuters) – Billionaire hedge fund manager David Einhorn told investors on Tuesday that a sharp rally in Tesla Inc shares, which he bet against, turned into heavy second-quarter losses at his Greenlight Capital fund, and stuck by his dim outlook for the electric carmaker. David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid Greenlight lost 18.3 percent in the first six months of 2018,

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Auditors: 30M taxpayers will owe more due to low withholding

Congressional auditors say about 30 million people — 21 percent of U.S. taxpayers — will have to come up with more money to pay their 2018 taxes next year because their employers withheld too little from their paychecks under government tables keyed to the new tax law. New tax withholding tables for employers were put together by the government early this year. About 30 million workers received pay that was “under-withheld” — making their paychecks bigger this year but bringing

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Here’s what to do with your barbecue leftovers

There is nothing better than a summer barbecue. Lazily spending the afternoon in a backyard, lounging by the pool and most importantly, non stop eating; this sort of behavior is practically a legal requirement for summer. But when the evening winds down, we’ve all been in the same scenario. Your family and friends leave and suddenly you are left with mountains of leftovers. I’m talking, enough hamburgers to feed an entire summer camp, sort of leftovers. Instead of trying to

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