The 10 things to watch in business on Friday October 2

Amazon removes Apple TV and Google Chromecast out of the store; Volkswagen suspends the sale of 4,000 vehicles in the UK; Millions of T-Mobile US customers have their data stolen

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The Independent Online
  1. Eurozone producer prices for August will be released at 10 am UK time. The figures often give a good indication for future consumer price inflation.
     
  2. Volkswagen has suspended the sale of 4,000 vehicles in the UK in the wake of the emissions scandal. The company said the vehicles may be equipped with the device that cheated emissions tests in the US.
     
  3. Neptune Group, one of the biggest VIP gambling firms in Macau, has suffered an annual loss of $130 million (£85 million. It blamed government measures to track money going to the gambling haven, the devaluation of the Chinese yuan, and new regulations.
     
  4. India has promised to make its economy more energy efficient and cut the carbon produced per unit of GDP growth by 33-35 per cent by 2030 from 2005 levels in an estimated $206 billion plan. It’s the last major country to do so before a climate summit meeting in December, despite being the world's third-largest carbon polluter.
     
  5. T-Mobile has warned that up to 15 million US customers may be affected by the latest data breach.
     
  6. Lower spending power could make Chinese tourists think twice about splashing out in London as the peak “golden week” season gets under way today, a currency trading company has warned.
     
  7. Londoners are the most likely to spill company secrets. A study has found around half have overheard at least one private business conversation in a public place, and 47 per cent have had one. 
     
  8. JPMorgan Chase is set to pay almost a third of a $1.86 billion (£1.23 billion) settlement to resolve claims that a dozen big banks conspired to limit competition in the credit-default swaps market, Bloomberg reported.
     
  9. Wagamama profits jump 20 per cent and the management share £1.8m in bonuses – more than double from last year.
     
  10. Amazon is removing Chromecast and Apple TV from its online store.Apple made a similar move in July by pulling Google’s home automation Nest Thermostat devices from its online stores and some retail shops before Apple released its own system. 

 

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