Author: Nathan Bissitt

RBS is closing 259 branches and cutting 680 jobs as it reduces costs and more customers move to online banking.The closures involve 62 Royal Bank of Scotland and 197 NatWest branches. RBS, which is 72%-owned by the taxpayer, said it would try to ensure compulsory

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The world’s largest lithium ion battery has begun dispensing power into an electricity grid in South Australia.The 100-megawatt battery, built by Tesla, was officially activated on Friday. It had in fact provided some power since Thursday due to demand caused by

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It would be a “waste of time” for the UK to try to negotiate a trade deal with the US, Nobel Prize-winning economist Joseph Stiglitz has told the BBC. Mr Stiglitz said the UK should not use its “scarce resources” chasing a post-Brexit

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Australian surf wear brand Billabong has received a takeover bid from rival Quiksilver which values the company at around $150m (£110m).It could be a lifeline for the troubled firm, which has only turned a profit in one of the last five years. Billabong suffered a

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In a world where we can simply smile to pay, and where machines put us on the best deals, our relationship with money is changing. In a battle for control over how we borrow and where we spend, will two giant pillars of finance – banks and cash – be toppled by

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If you’ve watched the Iron Man film franchise, you’ll know that a powered suit gives inventor Tony Stark superhuman strength to fight the bad guys.But away from the the fictional world of blockbusting movies, robotic exoskeletons offer more prosaic and

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Labour leader Jeremy Corbyn has hit back at investment bank Morgan Stanley, telling the company it was right to regard him as a threat.His comments came after the bank said in a report earlier this week that the risks of an incoming Labour government could be

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