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What the Papers SayBack

The Financial Times

Business to benefit from curb on ‘unfair’ fees


Consultation launched to limit charges to groups when customers pay

The government is planning to tackle “unfair” credit and debit card fees charged by British banks, in a move that could save businesses up to £480m a year and reduce prices for customers.

Strengthening sterling leaves order books at lowest in two years

Order books at British manufacturers have shrunk to their lowest level in two years in July, with companies blaming the strength of sterling for the pinch

Young workers face ‘promotion blockage’ as older staff stay in same job longer

Workers are spending longer in the same job, creating a “promotion blockage” that risks permanently reducing the earnings of a generation of young people, according to analysis.

Fed and BoE signal rises in rates amid muddled data

Since the start of the year investors have wondered whether any of the largest central banks will finally begin to break with the ultra-low interest rates that have dominated monetary policy since the financial crisis.

Companies and Markets

Fiat-Chrysler’s recall troubles pick up pace

Record US fine comes amid scare over Jeep hacking and airbag faults on trucks

Ferrari’s win in the Formula One Grand Prix on Sunday was the one bright spot in an otherwise grim weekend for Fiat Chrysler Automobiles.

Hours after Sebastian Vettel took the chequered flag in Hungary, the US National Highway Traffic Safety Administration slapped a record fine on the Italian-American carmaker— owner of the supercar brand and F1 racing team— for what the regulator called a “pattern of poor performance” in recalling and repairing defective vehicles.

Oil slides to its lowest level in four months

Oil fell to its lowest level in four months yesterday as turbulence in Chinese equity markets raised concern about growth in the world’s top importer of crude and refined products

The Daily Telegraph

Diesel prices reduced for second time within a week

Supermarkets have cut the price of diesel for the second time in a week


The Guardian

EU rules force Sturgeon to turn to private sector for funding of large public projects

New Brussels edict sets back dozens of schemes

Private money would pay all upfront building costs

Posted by Lois Hardy on 28/07/2015