MONEY

McDonald’s UK staff join global day of protests over pay

McDonald’s UK staff join global day of protests over pay

McDonald’s workers in the UK have gone on strike as part of a global day of protests over pay. Staff at six South London stores are walking out on Tuesday, while protests will be held across the UK, including outside Downing Street. They are demanding an end to “poverty pay” rates and better terms and […]

Jingye to invest £1bn and save ‘thousands of British Steel jobs

Jingye to invest £1bn and save ‘thousands of British Steel jobs

Chinese firm Jingye says will invest £1.2bn in British Steel as it signed a deal to rescue the UK steelmaker. It also said it would seek to “preserve thousands of jobs in a key foundation industry for the UK” but did not put a number on how many would be saved. British Steel employs about […]

What has gone wrong at Mothercare?

What has gone wrong at Mothercare?

For many parents, Mothercare inspires warm memories of buying baby clothes or shopping for their first pram. But cold, hard reality has finally caught up with the retailer and it has announced plans to put its UK business into administration. Some 2,500 UK jobs are now on the line after Mothercare was unable to find […]

Boeing 737 Max Lion Air crash caused by series of failures

Boeing 737 Max Lion Air crash caused by series of failures

A series of failures led to the crash of a Lion Air flight, which killed 189 people and led to the grounding of the Boeing 737 Max, a report has found. Investigators said faults by Boeing, Lion Air and pilots caused the crash. Five months after the disaster in October last year, an Ethiopian Airlines […]

Twitter profit falls short because of ad bugs

Twitter profit falls short because of ad bugs

Twitter has reported quarterly profits that are less than a quarter of what analysts had predicted after product bugs hampered advertising sales. The micro-blogging site said it made $37m (£28.7m) profit in the third quarter. Revenues were 9% higher than the previous year at $824m, but still at the lower end of Wall Street forecasts. […]

Exxon accused of misleading investors on climate change

Exxon accused of misleading investors on climate change

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says it shared the necessary information and the claims are politically motivated. The case is at […]

Drugs firms reach $260m US opioid settlement

Drugs firms reach $260m US opioid settlement

Four drugs companies have reached a $260m (£200m) deal with two Ohio counties over their role in fuelling the US opioid crisis. The agreement averts a trial that had been scheduled to start in Cleveland. The counties had been seeking billions from Israel-based drugmaker Teva and drug distributors AmerisourceBergen, Cardinal Health and McKesson. A trial […]

Asbestos discovery triggers Johnson & Johnson baby powder recall in US

Asbestos discovery triggers Johnson & Johnson baby powder recall in US

Health care giant Johnson & Johnson has recalled 33,000 bottles of baby powder in the US, after health regulators found trace amounts of asbestos in a bottle purchased online. Officials said customers should stop using powder from the affected batch “immediately”. J&J said it had launched a review and prior tests have not found asbestos. The […]

Nobel economics prize winner: I want to inspire women

Nobel economics prize winner: I want to inspire women

Esther Duflo has said she is “humbled” by her success in winning this year’s Nobel prize for economics and hopes it will “inspire many, many other women”. Prof Duflo was part of a trio, alongside her husband Abhijit Banerjee and Michael Kremer, to win the prize. Their work had “dramatically improved our ability to fight […]

Tech giants face higher tax bills under shake-up

Tech giants face higher tax bills under shake-up

New tax plans aimed at making global firms pay more tax have been published by an international economic body. The proposals would give governments more power to tax big technology firms such as Apple, Facebook and Google. The Organisation for Economic and Development (OECD) proposals would mean big companies paying more tax where they sell products […]

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