MONEY

Pound surges to two-year high against the euro

Pound surges to two-year high against the euro

Sterling has jumped after opinion polls suggested the UK would avoid a hung parliament after next week’s election. The pound reached a seven month high against the dollar and its highest level against the euro since May 2017. The move came after polls suggested a 10-point lead for the Conservative party and a parliamentary majority. However, analysts […]

US threatens tax on champagne and French cheese

US threatens tax on champagne and French cheese

The Trump administration is threatening to slap import taxes on $2.4bn worth of French goods in retaliation for the country’s new digital services tax. The US says the tax penalises firms like Google, Amazon and Facebook, and is proposing to hit back with tariffs of up to 100% on products including cheese, champagne and handbags. […]

Twitter prepares for huge cull of inactive users

Twitter prepares for huge cull of inactive users

Twitter will begin deleting accounts that have been inactive for more than six months, unless they log in before an 11 December deadline. The cull will include users who stopped posting to the site because they died – unless someone with that person’s account details is able to log-in. It is the first time Twitter […]

De-clutter guru Marie Kondo opens online store

De-clutter guru Marie Kondo opens online store

Japanese tidying guru Marie Kondo, who made her name preaching against clutter, is launching an online store selling homeware and fashion. The author and media star has added a collection of more than 100 items that “spark joy” to her KonMari website. The range includes, among other things, an $86 (£66.3) scented candle and a $42 (£32.4) […]

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 […]

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