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Sunday Papers: Apple prepares for face-off with FBI

And the pound is heading for a further decline that could see it slump to the lowest level against the US dollar in three decades.

 
Sunday Papers: Apple prepares for face-off with FBI

Top stories

  • The Observer: Apple will face one of the biggest corporate challenges in its history on Tuesday, when it tells a US House of Representatives committee why it has refused to help law enforcement officers break into the iPhone of Syed Farook – one of the gunmen in the San Bernardino shooting in December that left 14 dead and 22 wounded.
  • The Sunday Telegraph: The pound is heading for a further decline that could see it slump to the lowest level against the US dollar in three decades, analysts at Deutsche Bank have warned.
  • The Independent on Sunday: Lawyers investigating bribery and corruption allegations against one of the world’s leading tobacco firms have been urged to expand their investigation after fresh international accusations emerged; British American Tobacco has been accused of corporate espionage against rival cigarette makers in South Africa.
  • Mail on Sunday: Oil giant BP, music group EMI and banknote printer De La Rue are among more than 20 companies seeking multi-billion pound tax rebates, it has emerged.

Business and economics

  • The Independent on Sunday: Councils should use bonds to fund much needed green infrastructure projects such as renewable energy and flood defences, according to the Lord Mayor of London.
  • The Mail on Sunday: Royal Bank of Scotland is wielding the axe over 200 more jobs as it unveils a £2 billion loss for 2015.
  • The Observer: Warren Buffett has used his annual letter to Berkshire Hathaway shareholders to lambast presidential candidates who talk down the nation’s economic future as “dead wrong” – an apparent jab at Republicans and frontrunner Donald Trump.
  • Mail on Sunday: ITV is set to report a near 20% rise in profits for last year while looking forward to big audiences for its coverage of Six Nations rugby and football’s European Cup.
  • Mail on Sunday: The chief executive of BT warned this weekend that quitting the EU could drag business back to a ‘bygone era’ of import taxes and regulations.
  • Mail on Sunday: Sports Direct, the beleaguered retailer controlled by billionaire Newcastle United owner Mike Ashley, faces almost certain relegation from the FTSE 100 Share Index on Wednesday when the quarterly review is announced.
  • The Observer: Britain’s possible exit from the European Union could pose a risk to the world economy, the G20 finance ministers’ summit in China has agreed, according to the chancellor, George Osborne.

Share tips, comment and bids

  • Mail on Sunday (Midas Share Tip): Tarnished gold firm Aureus Mining may still have a silver lining.
  • Mail on Sunday: Supermarket giant Sainsbury’s is mulling a higher offer for Argos in the wake of an attempted swoop by a South African conglomerate.
  • The Observer (Comment): From farming to sport and from the environment to science, what would Brexit mean for everyday life?

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FTSE and pound rebound after 'Brexit' sell-off

by Daniel Grote on Jun 28, 2016 at 17:05

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