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Hot Off The Wires - 3 December 2019

News

  • China will suspend visits by US navy ships to Hong Kong and impose sanctions on human rights charities, in a retaliatory move against President Donald Trump’s signing of legislation supporting protesters in the territory.

  • Ted Baker has appointed the law firm Freshfields Bruckhaus Deringer to undertake a review after the fashion retailer discovered a £25m accounting blunder.

  • Manufacturing output in China unexpectedly strengthened in November, defying economists’ expectations and helping ease concerns for the world’s second largest economy.

  • The retail sector enjoyed a pre-Christmas boost last month as sales rose by 0.9% in the build-up to Black Friday.

  • Big-name stores are being urged to put opt-out buttons on their websites to stop customers using buy now, pay later schemes to get into unsustainable debt. The Money and Mental Health Policy Institute, a charity founded by Martin Lewis, the personal finance expert, made the call in response to the rise of schemes used by lenders and retailers.

  • James Ruane, who has overseen Deutsche Bank’s own internal merger and acquisition activity, is joining hedge fund Bayview International as head of European special situations.



Results

Trivia


Fill in the missing word to complete the full organization name:


NASA: National ________ and Space Administration

BMW: ________ Motoren Werke

3M: Minnesota ________ and Manufacturing


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