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US shutdown looms as border talks stall ahead of deadline

US shutdown looms as border talks stall ahead of deadline

World
Media playback is unsupported on your device US congressional talks over a border security deal have stalled raising the chances of another government shutdown.Negotiators were hoping for a deal by Monday to give Congress time to pass legislation by Friday, when the federal funding agreement runs out.They remain divided on how many undocumented immigrants can be detained and funding for President Trump's promised border wall with Mexico.The previous shutdown, lasting 35 days, was the longest in US history. Hundreds of thousands of workers were furloughed while others in essential services, such as hospital care, air traffic control and law enforcement, worked without pay.The cost to the US economy was estimated at $ 11bn (£8.5bn).It was ...
Trade war looms as Trump imposes steel tariffs

Trade war looms as Trump imposes steel tariffs

Business
Europe, Canada and Mexico are planning retaliatory moves after President Trump imposed tariffs on steel and aluminium imports to the US.The European Union issued a 10-page list of tariffs on US goods ranging from Harley-Davidson motorcycles to food products. It also plans to challenge the move at the World Trade Organization (WTO).Mr Trump claimed the tariffs would protect US steelmakers, which were vital to national security.French President Emmanuel Macron called Mr Trump to tell him the tariffs were "illegal" - a term echoed by Bernd Lange, chair of the European Parliament's international trade committee.The MEP hoped a trade war could be avoided but warned that Mr Trump's action demonstrated the US president was "not willing to stick to the rules".Ger...
Deadline looms for you to spend old £1 coins

Deadline looms for you to spend old £1 coins

Business
They have been in circulation for the past 34 years and more than 1.6 billion of them have been minted, but from midnight they will cease to be legal tender.However, people should not panic if they miss the 15 October deadline as major banks and building societies and some big stores are giving them extra time to use them.The new 12-sided pound coin went into circulation in March and has new high-tech security features designed to thwart counterfeiters.Image:The new 12-sided pound coin went into circulation in MarchOf the big supermarkets, Sainsbury's has already made the switch to the new coins, both at the till and with its trolleys, while Tesco says it will accept the old coins, but for a further week only.As for small businesses, the advice to them is to be prudent and understanding.Al...
Sports Direct 'abusive' as AGM vote looms

Sports Direct 'abusive' as AGM vote looms

Business
Sports Direct is facing battles on several fronts ahead of a crunch investor vote that could result in its under-fire chairman heading for the exit.Twenty four hours before shareholders vote on Keith Hellawell's future, dark clouds were gathering above its controversial Shirebrook warehouse amid opposition to his reappointment and new allegations relating to the retailer's treatment of staff.The Unite union claimed the company had reneged on a promise to offer workers on zero-hours contracts guaranteed hours - a pledge it had made following last year's storm over its treatment of workers amid claims of "Victorian" conditions.Image:The Sports Direct warehouse at Shirebrook was at the centre of the company's working practices scandal:: Sports Direct appoints first employee representativeUnit...
TransferWise eyes £1bn value as float looms

TransferWise eyes £1bn value as float looms

Business
The British payments start-up TransferWise has kicked off talks about a new fundraising that will see its valuation soar past £1bn for the first time.Sky News has learnt that TransferWise is in detailed talks with investors, including several prospective new backers, about a funding round that could double the $ 117m (£90m) it has already raised during its six-year history.‎Sources said this weekend that the payments company, which now sees more than £1bn transferred using its app each month, could finalise its new funding within a matter of weeks.TransferWise is understood to be targeting more than $ 100m (£77m) of new capital, with its valuation‎ including the additional funds reaching about $ 1.5bn (£1.15bn).If completed, it would represent a big vote of confidence in one of the UK's mo