Author: Nathan Bissitt

The universal basic income plan would see every citizen given cash, regardless of how wealthy they are or whether they have a job, and that could do away with most of the benefits system. It may sound far-fetched to some but is gaining support across the political

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The European Central Bank (ECB) will cut back its scheme designed to boost the economies of the eurozone.From January of next year, it will reduce the amount of assets it buys every month to €30bn from the current level of €60bn.The programme, which aimed to fend off

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Twitter said it may turn a profit in the fourth quarter as the tech company narrowed its losses and added users.The firm, which has not posted a profit since going public four years ago, said its losses narrowed from $103m (£78m) to $21m in the third quarter.The

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Shares in Barclays fell by 5% after its third-quarter profits figures came in below analysts’ expectations. Profits for the period were up by 31% to £1.1bn, giving the bank a profit for the nine months so far of £3.4bn.But its investment banking profits were

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Kobe Steel is losing Japan’s quality seal for copper products, following its data falsification scandal.Kobe said the government-backed Japan Industrial certification was revoked owing to “improper quality management” at a factory outside of Tokyo.As

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Housebuilder Barratt, broadcaster ITV and building materials supplier Ferguson all suffered falls on the FTSE 100 after going ex-dividend.Barratt fared the worst, sliding more than 5% in early trading.Overall, the benchmark 100-share index was down 1.3 points or 0.02%

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BT will slash costs for customers who only have a landline, after a review by regulator Ofcom. From April 2018, the telecoms company will reduce the price of its monthly line rental by £7, a 37% decrease from the current cost of £18.99.The reduction will save up to a

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