Tag: new business ideas

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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The world’s leading oil exporting nations have agreed to extend production curbs, aimed at boosting the oil price, by nine months. The Organisation of Petroleum Exporting Countries (Opec) and non-members, led by Russia, agreed the output limits would continue

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Care homes have been applying unfair charges and over-the-top fees for self-funders, an official review shows.The Competition and Market Authority found some homes had applied large upfront costs and charged families for weeks after their relatives had died. The

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The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin is now around $9,600, down about 16% from the record $11,434 (£8,500) it hit on Wednesday.The digital currency is used by some

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The pound broke through the $1.35 mark for the first time in two months on Thursday amid hopes of progress in the Brexit negotiations.The jump followed reports the UK had offered to pay up to €50bn (£44bn) to settle its so-called EU divorce bill.The Times also

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