News from Business

Democrats seek financial records from Trump Fed pick after Guardian report

Democratic US senators have pressed Stephen Moore for detailed information on his finances over the past decade, after the Guardian revealed he owed $75,000 in federal taxes and was held in contempt of court over unpaid debts. Moore, the economics...

Guardian, 4 April 2019
 

Virgin Australia ends staff deal with Brunei airline over sharia law

Virgin Australia has cancelled a staff travel agreement with Brunei’s national airline in response to the country’s adoption of sharia law, including the death penalty for gay sex. The agreement allowed staff from the Australian arm of Richard...

Guardian, 4 April 2019
 

Opodo manages to book us flight tickets on a barred airline

Last December my husband and I used Opodo to book return flights with CemAir to Hoedspruit in South Africa from Cape Town. The day before departure last month, I tried to check in through Opodo’s website but it kept throwing me back to the home page....

Guardian, 4 April 2019
 

Carlos Ghosn criticises 'outrageous and arbitrary' detention after fresh arrest

Carlos Ghosn has been put back under arrest over allegations he misused company funds, prompting the former Nissan chairman to angrily denounce his detention as “outrageous and arbitrary”. Japanese TV showed prosecutors arriving at Ghosn’s apartment...

Guardian, 4 April 2019
 

Five online gambling firms break UK rules on ads targeting children

The UK advertising watchdog has caught five gambling firms, including Aston Villa’s sponsor Unibet, breaking strict rules that ban them from targeting children with online betting ads. The Advertising Standards Authority (ASA) created a number of...

Guardian, 4 April 2019
 

Tesla: production slows amid rocky start to the new year

Electric carmaker Tesla’s output slowed down during a rocky start to the new year, a development that will likely magnify nagging doubts about whether the electric car pioneer will be able to make the mass-market leap. The Palo Alto, California,...

Guardian, 4 April 2019
 

Ghosn: Renault piles pressure on former chief executive

Renault's board has accused former chief executive Carlos Ghosn of "questionable and concealed practices". The French carmaker also said it would stop Mr Ghosn's pension, thought to be worth €765,000 (£653,00) a year, adding that it reserved...

BBC, 3 April 2019
 

Superdry’s new bosses try to calm nerves after boardroom coup

Julian Dunkerton and Peter Williams, the returning chief executive and new chairman of Superdry, addressed staff at the company’s head office on Wednesday as they tried to calm nerves after a boardroom coup which has wiped nearly £70m off the fashion...

Guardian, 3 April 2019
 

Billionaire's hedge fund bets £60m that shares in Ryanair will fall

The hedge fund founded by billionaire investor Ken Griffin has made a £60m bet that the share price of Ryanair will fall, the first time a short position of this size has been reported for the budget airline. Citadel Europe took a 0.56% short position...

Guardian, 3 April 2019
 

HSBC under fire over 'guaranteed bonus' scheme

HSBC has been criticised for continuing to offer a controversial “guaranteed bonus” scheme that will be part of a pay policy due to be put to a shareholder vote next week. Influential shareholder advisory group ISS voiced concerns over the pay...

Guardian, 3 April 2019
 

Minister welcomes European digital body setting up shop in Edinburgh

Scotland’s digital credentials have been given a boost after a European organisation with a €100 million annual budget opened its first UK satellite office, in Edinburgh. EIT Digital, which is described as a leading digital innovation and...

Scotsman, 3 April 2019
 

Vauxhall joins BMW, JLR and Honda in factory shutdowns for Brexit

Vauxhall has temporarily closing its production facility at Ellesmere Port in a bid to minimise the impact of a possible no-deal Brexit.  The British marque planned the shutdown of the Cheshire plant “several months ago” in the expectation that the UK...

The Week, 3 April 2019
 

Social enterprises joining accelerator programme

Seven social entrepreneurs have been announced as the latest to take part in an accelerator programme for ambitious start-ups looking to scale up and boost their social impact – and whose previous participants include homeless-focused Social Bite....

Scotsman, 3 April 2019
 

IMF warns that tech giants stifle innovation and threaten stability

The International Monetary Fund has warned that the market power exercised by a small number of global companies threatens to stifle innovation and make it harder for central banks to deal with recessions. Adding its contribution to the growing public...

Guardian, 3 April 2019
 

UK economy at risk of shrinking as Brexit chaos hurts services

The British economy is at risk of sliding into a deepening downturn after stalling in the first quarter, following the weakest performance in the private sector in almost seven years as Brexit approaches. In the latest sign the gridlock over leaving...

Guardian, 3 April 2019
 


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