5 Things You Need To Know, Today, on Tuesday 15th October 2019
5. After five major payments providers pulled out last week, Facebook’s Libra currency project looked to be on the rocks.
But the remaining 21 members have insisted it’s full steam ahead after they met for the first time in Geneva yesterday.
4. Mike Ashley’s Sports Direct has called for an investigation into the sportswear industry, complaining about the dominance of Adidas and Nike.
The firm said the “must-have” brands hold a bargaining position which allows them to control both the supply and the price of their products.
3. China’s factory gate prices declined at their fastest pace in more than three years in September, reinforcing the case for Beijing to unveil further stimulus as manufacturing cools on weak demand and U.S. trade pressures.
2. The UK will not meet its climate change targets without a revolution in home heating, a think tank says.
A report from the cross-party Policy Connect says gas central heating boilers also threaten the UK’s clean air goals but a poll conducted among MPs suggests that most do not consider pollution from home heating to be a priority.
1. New tariffs on $156bn of Chinese goods will be imposed if a trade deal is not finalised by 15 December, the US Treasury Secretary has warned.
Steven Mnuchin said he still hoped a tentative US-China deal agreed last week to suspend fresh tariffs would be formally approved but his caution, seemed in contrast with President Trump’s optimism last week.