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Sunday Papers: Threats to American prosperity tie the hands of Yellen
And Brexit could force the Bank of England to cut rate as ‘leave’ takes poll lead.
Markets
Top stories
- The Observer: Janet Yellen, the head of the Federal Reserve, has been criticised for dithering, but number of factors are stopping her from increasing interest rates.
- The Sunday Times: The Bank of England will face overwhelming pressure to slash interest rates to new lows if Britain opts to quit the EU, according to international investors.
- The Sunday Telegraph: The Bank of England and International Monetary Fund will spark a fresh Brexit intervention row this week as they warn of the economic consequences of leaving the EU, just days before the vote.
- The Times: Buyout baron Guy Hands faces a legal bill of nearly £20 million after the collapse of his court battle with Citigroup bank over his disastrous 2007 takeover of music giant EMI.
Business and economics
- The Sunday Telegraph: British voters have voiced their overwhelming support for a “Norway-style” arrangement in the event of a decision to leave the European Union that would ensure that the UK could retain its access to the single market.
- The Sunday Times: A slew of the City’s biggest overseas banks are accelerating plans to pull thousands of workers out of the City of London as Britain’s referendum on EU membership approaches.
- The Sunday Times: Amazon is preparing to launch a music-streaming service to rival Spotify and Apple Music — the latest in a series of aggressive moves by the online retail giant.
- The Sunday Times: The Dublin government is finalising plans to privatise Allied Irish Banks — seven years after it was bailed out during Ireland’s economic collapse.
- The Sunday Telegraph: Budget airline easyJet has examined setting up a separate European business in case Britain leaves the European Union.
- The Observer: Walmart Canada stores will stop accepting Visa cards, claiming the credit card provider charges merchants “unacceptably high” fees.
- The Sunday Times: Cigarette filter maker Essentra is preparing to part company with its boss Colin Day as it reels from a profit warning that wiped more than a quarter from its market value.
- The Sunday Times: The former colliery town of Stanley in Co Durham has become the first to offer in-home batteries and solar panels for free, in the latest sign of the huge shifts rocking the household energy market.
- The Observer: John McDonnell has joined calls for former BHS boss Sir Philip Green to be stripped of his knighthood if he refuses to be grilled by MPs next week.
- The Sunday Times: The boss of Auto Trader has scooped share windfalls totalling £80 million since joining the second-hand car website just three years ago.
- The Sunday Times: The dynasty behind the Clarks shoe empire has shared a dividend worth £42.5 million despite one of the most tumultuous years in the retailer’s history.
- The Sunday Telegraph: The owners of a hotel resort in the Caribbean backed by the one-time Wimbledon singles champion Pat Cash is taking its former accountancy firm, Wilkins Kennedy, to court this week over allegations of fraud and embezzlement, seeking damages of £50 million.
- Mail on Sunday: Amazon’s new food delivery service is up to 50% cheaper on shopping basket essentials than mainstream supermarkets.
Share tips, comment and bids
- Mail on Sunday (Midas share tips): Medical firm that's fighting cancer from a new Angle.
- Mail on Sunday (Midas share tips): A word in your ear – our translation tip rises 383%.
- The Sunday Times: Mining giant Rio Tinto has hired Goldman Sachs to engineer a takeover of its £8 billion listed copper operation as it seeks to position itself for a recovery in commodity prices.
- The Sunday Times: CVC Capital Partners and Apax Partners, two of Europe’s biggest private equity firms, have discussed forming a consortium to buy Britain’s second biggest mobile operator, City sources said last week.
- The Sunday Times: Bain Capital, co-founded by Mitt Romney, the 2012 US Republican presidential candidate, is exploring a £2 billion float of TI Automotive, founded as Tube Investments in Birmingham in 1919.
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