Writing the summary…
Crypto exchange Binance takes on tradfi by courting rich investors to join its expanded wealth-management platform
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Canada invited to become EU’s first ‘associate member’ as Trump trade war intensifies
EU chief Ursula von der Leyen said the bloc wants to open the door for Canada to become its first associate member, signaling a major deepening of ties.
The Guardian
Bank of England expected to leave interest rates on hold on Thursday as inflation hits 3.1%, and rents accelerate – business live
Soaring motor fuel costs have pushed UK inflation to a five-month high in August Full story: UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...
The Guardian
Ladbrokes owner prepares to cut 400 jobs weeks after profit boost
Entain, which also owns Coral and BetMGM, starts consultation process over customer care roles The Ladbrokes owner, Entain, has said it is preparing to cut 400 jobs, only weeks after the FTSE 100 business reported better than expected profit in its first half of the year. The gambling group, which also owns Coral and BetMGM, has started a consultation process that could remove one in five of its 2,000 customer care jobs. Continue reading...
The Guardian
Revealed: the UK towns with the fewest jobs for young people
Rotherham has 46 online vacancies for every 1,000 young people but there are 288 in Cotswold district council area Young people in Rotherham face a local jobs market with the fewest suitable opportunities in Britain, according to a report that warns stark regional divisions are fuelling a crisis in youth work. As ministers push to combat rising youth unemployment, the analysis from the Institute for Public Policy Research (IPPR) showed young people faced a tougher challenge in some parts of the country to find work than in others. Continue reading...
CNBC
Intel, SK Hynix shares jump on report they're discussing U.S. memory chip manufacturing
The deal could be a big win for Intel which has been looking to gain marquee customers for its manufacturing, or foundry, business.
The Guardian2 outlets
‘We need to get it right’: union gusto for Burnham to face make-or-break tests
TUC conference rings with praise for new No 10 team, but battles loom over workers’ rights and north sea drilling Louise Haigh, the UK first secretary, got a standing ovation from trade union members in Brighton this week, as she acknowledged what she called “the necessity to be bolder in this second chance that we’ve been allowed”. Haigh was the stand-in at the annual TUC congress for Andy Burnham, absent because of his father’s death. Continue reading...