Tuesday 14 August 2018

Markets have fallen and the lira has dropped to new lows despite attempts by Turkey’s central bank to halt the ongoing crisis. The currency fell as much as 11% to 7.24 lira to the US dollar yesterday with the Mexican peso, South Africa’s rand and the Indian rupee also down amid fears of contagion. The lira has sunk more than 40% against the dollar this year.

Sainsbury's is testing its first "till-free" store, reports the BBC. Shoppers are not required to queue for a staffed or self-service checkout. Instead they scan goods with a smartphone and when they have finished shopping, their payment is processed by the phone. The trial is in the Clapham North Sainsbury's Local, open to iPhone users who have Apple Pay set up on their device.

A French-born aristocrat is demanding that the French state pay him €351m in damages, claiming that it conned his relatives out of succeeding to the throne of Monaco. Count Louis de Causans alleges that early in the 20th Century France changed the succession rules to thwart a German claim to the throne. He told Le Parisien that it was a matter of family honour to rectify the "trickery".