Business

Amazon cancels New York City campus plan

Image copyright Getty Images Image caption Incentives promised to Amazon angered opponents Amazon has said it will not build a new headquarters in New York, citing fierce opposition from state and local politicians. The dramatic…


Patisserie Valerie rescue saves 2,000 jobs

Image copyright Reuters Patisserie Valerie is being bought out of administration in a deal that will save nearly 2,000 jobs. The management team at the coffee and cake chain has secured backing from investment firm…


Airbus says A380 superjumbo production will end

Image copyright EPA European aircraft manufacturer Airbus has said it will stop making its A380 “superjumbo”, the world’s largest passenger aircraft. In a statement, the company said it would make its last deliveries of the…


Name checks on payments face delay

Image copyright Getty Images A system making a recipient’s name as important as the bank account number and sort code when payments are made could be delayed by up to 18 months. The Confirmation of…


Profits slide at Mike Ashley’s business

Image copyright Getty Images Image caption Mike Ashley owns Newcastle United Profits at Mike Ashley’s private company dropped in 2017 when Sports Direct was hit by the fall in the value of the pound and…


UK inflation falls to two-year low in January

Image copyright Getty Images UK inflation fell to a two-year low in January, dragged lower by falling energy bills and fuel. The Office for National Statistics said the Consumer Prices Index (CPI) was 1.8% last…



Family gangs ‘exploit pension savers’

Image copyright Getty Images Fraudster families are spearheading attempts to steal pension savings totalling millions of pounds, investigators have said. Married couples and their adult children have been identified as leading crime groups involved in…


US border security deal reached to avert new US shutdown

Media playback is unsupported on your device Media captionPresident Trump told supporters in El Paso, “we’re building the wall anyway” Democrats and Republicans have reached an agreement in principle over border security to fund the…


Government sued over no-deal ferry contracts

Image copyright AFP The government is being sued for its decision to charter firms to run extra ferries, including one with no ships, in the event of a no-deal Brexit. Channel Tunnel operator Eurotunnel, said…