How bad is the trade war? This week will provide some clues

London (CNN Business)1. State of play: The trade fight between the United States and China is getting worse. This week, investors could get a reality check on what that means for economies and companies. “Looking ahead, the outlook for German exporters is clearly in the hands of the United States and China,” said Carsten Brzeski, ING’s chief economist in Germany. Industrial production and GDP growth for the eurozone will be published Wednesday. Big name corporate earnings could also shed light …

Hungry kids collapse as looters take millions: life in todays Zimbabwe

Far from seeing reform after Robert Mugabe was toppled, the country has fallen into crisis as millions are reduced to paupers In the streets of Mbare, the children play, neighbours talk and a wintry sun lights neat houses with carefully tended vegetable plots. But the apparent tranquillity of this poor suburb of military takeover, and a year since the dictators former right-hand man, medical treatment in Singapore since April, an official statement revealed last week. Though there were many sceptics, …

Scots firms turn to temporary staff to fill posts

However, he said it was just one month’s data and “does not suggest the start of a trend”. Mr Stamenkovic said it showed how flexible the labour market was. He said: “When times turn a little bit more difficult for companies they can cut costs by moving from permanent to temporary workers and if demand starts to fall sharply then they have the ability to lay off workers and cut costs more significantly.” The economist said the move to temporary …

UK house prices and sales ‘losing momentum’

Britain’s fastest moving property market revealed Letting fees ban: Renters confused after change in law Rics said 69% of property professionals said sale prices were lower than asking prices for homes marketed at more than £1m, although asking prices for homes priced at £500,000 or less appeared to be holding up more firmly. House prices continued to fall in London – where a higher proportion of £1m homes are sold, the South East of England, and East Anglia. Overall across …

‘I was charged illegal fees by my letting agent’

Skip Twitter post by @lewisrids3 Just got my new rent agreement, for new tenants they’re wanting a month’s rent in advance PLUS: • £250 deposit• £150 admin fee• £30 referencing check• £70 renewal fee if you do so• £25 late rent payment letter fee What chance have people on minimum wage got? Sickening. — Lewis (@lewisrids3) June 13, 2019 Image copyright Lewis Ridley Image caption A screenshot of the email Lewis received Landlords or agents found charging the fees can …

The Californians forced to live in cars and RVs

As the state grapples with a housing crisis, thousands of people around the San Francisco Bay Area are sleeping in their vehicles The faded, creased photograph shows a 13-year-old Vallie Brown smiling shyly as she pulls back her hair in the back of a large van. She is wearing a white one-piece swimsuit and at first glance, she looks like shes coming back from a sun-soaked day at the beach. Looking at the picture of Brown, few people would suspect …

I was a drug addict for nearly 20 years. There was nothing dignified or cool about it | Chris Fleming

I spent half my waking hours acquiring and using drugs and the other half trying to hide that fact Ive been an academic in the humanities now for almost 20 years, and so telling people that youre writing a book called On Drugs invites an inevitable series of nods, smirks and winks of jokes about doing empirical research in the area, of possibilities for applying for grants and getting funding. (While an addict, I would have certainly appreciated more funding.) …

Why the pound is getting weaker

It is also frequently compared with the euro, because of the UK’s close trading relationship with the European Union (EU), but can be matched to any currency around the world. How Brexit hit the pound in your pocket Five holiday destinations where a weak pound still goes far Today, most countries use what is called a floating exchange rate, where the value depends on how much people want a certain currency at a point in time. Exchange rates are live, …

Trump’s threat of new China tariffs sparks backlash from US retailers

Industry warns of job losses and higher consumer prices after president targets another $300bn in imports US retailers were lining up on Thursday night against Donald Trumps threat to impose tariffs on a fresh $300bn of Chinese imports in September, if a August 1, 2019 Moodys Investors Service swiftly warned that the extra tariffs would prove to be an economic burden amid decelerating growth. The escalation of trade tensions will increasingly weigh on the global economy and supply chains in …

Millions paid out for unused children’s hospital

Under the terms of the contract, repayments – which would average about £1.4m a month – began in February when NHS Lothian took possession of the site from private consortium IHSL. Last month a full safety review into the delayed Sick Children’s Hospital was ordered by the Scottish government. Similar checks will be made at other recently completed major NHS facilities across Scotland. This will include the Queen Elizabeth University Hospital in Glasgow, which was built by the same contractor …