LATEST ARTICLES

Tesco to cut 1,700 shop floor jobs

Tesco is to cut 1,700 jobs from its branches and warehouses as part of its turnaround strategy for the company. The UK's biggest supermarket chain also plans to create 900 jobs and try to move staff affected by the cuts into the new roles. UK chief executive Matt Davies said the changes were "necessary to ensure our business...

Betting shares tumble on report of cut to machine stakes

UK bookmakers have seen their shares fall sharply after a report suggesting the maximum stake on fixed-odds betting terminals could be slashed.Ministers are likely to cut the stake from £100 to £2 after a consultation closes, according to the Sunday Times.Shares in Britain's biggest bookmaker, Ladbrokes Coral, were down 9% in afternoon trade. William Hill fell 12%.Ladbrokes Coral boss...

IMF: Global economic outlook is bright

Prospects for the global economy are looking brighter, according to the International Monetary Fund (IMF).It reckons the recent pick-up has been pretty broad-based, particularly in Europe and Asia. Tax reforms in the United States are expected to stimulate economic activity, especially business investment. But the IMF has substantially downgraded its forecast for South Africa for this year and...

Too many left out of growth, says IMF boss

Too many people are still being left out of the global recovery, says IMF managing director Christine Lagarde. Speaking at the World Economic Forum in Davos, she warned governments and policymakers not be lulled into complacency.More from the BBC's Davos coverage Source: BBC News

Vauxhall: Unite union chief in 'frank exchange' with PSA

Talks between Britain's biggest union and Vauxhall's French owner PSA Group were "frank" but useful, the sides say.Unite head Len McCluskey was in Paris for a meeting with PSA chief executive Carlos Tavares about the future of Vauxhall's Ellesmere Port factory.Mr McCluskey wants more investment in Ellesmere to protect jobs. It follows more jobs cuts at Ellesmere this month.In...

Exiled for being Jewish

When Adam Ringer was forcibly removed from Poland simply because he was Jewish, he didn't think he'd ever be able to return to his homeland.It was back in 1968 that Mr Ringer, 19 at the time, was made to renounce his Polish citizenship and kicked out of the country, during one of communism's darker episodes.Just 23 years after the...

'World's richest 1% get 82% of the wealth', says Oxfam

The gap between the super rich and the rest of the world widened last year as wealth continued to be owned by a small minority, Oxfam has claimed.Some 82% of money generated last year went to the richest 1% of the global population while the poorest half saw no increase at all, the charity said.Oxfam said its figures -...

'Don't be afraid to ask for help'

In 2010 luxury travel company ITC was losing £1m a year. Jen Atkinson took over as CEO and told staff they had to "leap from a burning platform". ITC is now profitable again. Ms Atkinson puts her success down to what she calls "vulnerable leadership" - being able to ask those around you for help.Video journalist: Jeremy Howell Source: BBC...

The Malaysian region that became a hardware hub

The small Malaysian state of Penang is punching well above its weight in the tech world through hardware manufacturing.Similar to the way Silicon Valley developed, local engineers from big tech manufacturers are leaving to strike out on their own, creating a growing ecosystem. So could Penang be Asia's next Silicon Valley? Video written, filmed & edited by Simon Atkinson....

PM to stop private sector 'pension abuse'

The government will stop workers' pensions being put at risk from "executives who try to line their own pockets", the prime minister has said. In the Observer, Theresa May said a government white paper would set out "tough new rules" for company bosses.It comes after it emerged that the collapse of construction firm Carillion could leave its pension scheme...

CBI calls for UK to remain in a customs union with EU

Time is running out on Brexit, and the UK should remain in a customs union with the EU, the CBI has warned.CBI director general Carolyn Fairbairn said there was a "lack of clarity" surrounding ongoing talks about the future of UK-EU trade.Speaking on ITV's Peston on Sunday, she also said a customs union would be best for UK economic...

US politicians bid to end budget impasse

Media playback is unsupported on your device The US Senate is due back in session to try to end a budget impasse before the start of the working week when the shutdown of many federal services will be felt around the country. Hundreds of thousands of...

Government introduces new product safety office

The government is creating a new Office for Product Safety and Standards to help manage large-scale product recalls and identify risks to consumers.It comes after several fires, including Grenfell Tower, linked to faulty fridge freezers and tumble dryers.The Commons' Business Committee said last week there was a "strong case" for a national product safety authority.Consumer group Which? welcomed the...

Macron says 'special' UK deal possible

Media playback is unsupported on your device French President Emmanuel Macron has suggested the UK could get a special trade deal with the EU after Brexit.But he warned that Britain would not have full access to the single market without accepting its rules. Speaking to Andrew...

Carillion: The signals that the company was going bust

Carillion's collapse was for many people a bolt from the blue - a large UK company that had no obvious problems went bust in a little more than a year.Even the company's directors seemed to have no idea what was about to happen. In the annual report published in March, they signed off a "viability" statement saying there was...

Donald Trump and the US economy in six charts

Donald Trump took his place in the White House exactly one year ago. Since then he has repeatedly claimed to be behind a new rise in the American economy. Here, six charts explore his relationship with US growth, the labour market and trade.1. The American economy is growingDonald Trump has spoken of his desire to turbo-charge the US economy...