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Tag Archives: new business ideas

Oil prices rise to hit four-year high of $70 a barrel

The price of oil has hit $70 a barrel for the first time since December 2014.Brent crude climbed after members of Opec, the cartel of 14 oil-producing nations that accounts for 40% of the world’s output, said it would continue to limit supplies. The RAC, the motoring group, has …

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Queen's bra fitter Rigby & Peller loses royal warrant

Media playback is unsupported on your device A company which supplied lingerie to the Queen has lost its royal warrant over a book which revealed details of royal bra fittings.Rigby & Peller, a luxury underwear firm founded in London, had held the royal warrant since 1960. It was withdrawn …

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Drake offers fans a stake in Virginia Black whiskey

Canadian rapper Drake is planning to sell stakes in his whiskey business, raising as much as $30m (£22.2m) to expand the company.The move comes over a year after the first sales of Virginia Black, which Drake started with the founder of DeLeon Tequila.The partners say the stock offering is …

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South Korea considers Bitcoin trading ban

South Korea is considering a law to ban cryptocurrencies such as Bitcoin being traded on local exchanges.Justice Minister Park Sang-ki said virtual currencies were “great concerns” and that the ministry was preparing a bill to ban trading. However, South Korea’s presidential office said later that a ban had not …

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YouTube punishes Logan Paul over Japan suicide video

Media playback is unsupported on your device YouTube has cut some business ties with Logan Paul, the hugely popular vlogger who posted a video showing the body of an apparent suicide victim in Japan.Paul’s channels were removed from YouTube’s Google Preferred programme, where brands sell ads on the platform’s …

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Marks & Spencer to stop selling 'cauliflower steak'

Marks and Spencer says it will stop selling its “cauliflower steak” after shoppers mocked the product.The veggie steak – two slices of cauliflower and a lemon and herb drizzle – was being sold for £2.Customers argued a whole cauliflower could be bought for £1 in its shops and raised …

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