Business

'I am very confident we can find a good trade deal'

The UK government is expected to trigger Article 50 next week, kick-starting the process for Britain to leave the European Union. Export-oriented businesses will face being outside the EU’s single market. So how are businesses changing their strategies to cope with Brexit? Cecile Reinaud runs Seraphine, a London-based maternity wear company. She is on an […]

Business

‘Vegetable ivory’

Image copyright Ivonne Wierink Image caption The tagua seed reaches 9cm (3.5 inches) in length, and can be carved like ivory Onno Heerma van Voss jokes that he never intended to be a conservationist, but he is helping to save the African elephant. Numbers of elephants in the wild are still falling; it’s estimated 100 […]

Business

Brexit vote: Single market benefit 'largely imaginary'

Image copyright Getty Images The trade benefits of belonging to the European Union have been “largely imaginary”, according to the social policy think-tank Civitas. Its analysis argues that exports from non-EU countries to the single market have grown faster than the UK’s, since its creation in 1993. That lends weight to the argument that no […]

Business

State pension age could be raised to 70, says report

Image copyright Getty Images Two separate reports for the government have raised the possibility that millions of people may have to work longer to qualify for a state pension. An analysis for the Department for Work and Pensions (DWP) has suggested that workers under the age of 30 may not get a pension until the […]

Business

Libor expert witness texted for help

Media captionThe BBC’s Andrew Verity explains the Libor scandal A prosecution witness called by the Serious Fraud Office (SFO) as an expert on trading has admitted texting friends in the middle of his trial evidence to ask basic questions. Saul Haydon Rowe texted a friend for help in explaining email evidence he had been asked […]

Business

The women still working into their 70s

The proportion of women working into their 70s in the UK has doubled in the last four years and is starting to catch up with men. Analysis of official data reveals that 5.6% of women only stopped working after the age of 70 in 2012. This had risen to 11.3% in 2016. Worries over pension […]

Business

Handbag designer: 'I am moving manufacturing to Italy'

With Theresa May expected to invoke Article 50 next week, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. Handbag designer Claudia Fürst has moved her manufacturing operation to Italy to counter the impact of the weak British pound. Source link

Business

Trouble on the ranch

Media caption“The export market is very important to our organisation,” says cattle rancher Coleman Locke “Tremendously important” is how rancher Coleman Locke describes the role of international trade to his cattle business. The 72-year-old has worked on his family’s 10,000-acre ranch on the Gulf Coast of Texas for his whole life and has seen his […]

Business

Bear trap

Image copyright PA Bear Grylls might be confident about climbing mountains, wrestling alligators and challenging the wilderness to do its venomous worst – but there’s one thing that fills him with horror. Cocktail parties full of strangers. “We all have fears. People say, ‘You can’t have any fears’, but I’m scared of so many things,” […]

Business

How many countries?

Image copyright Inditex Image caption This Zara dress had been to at least five countries before it ended up on a shop hanger “Made in Morocco” says the label on the pink Zara shirt dress. While this may be where the garment was finally sewn together, it has already been to several other countries. In […]

Business

Texas cattle rancher fears for future

Texas cattle rancher Coleman Locke is concerned that farmers like him could be the losers if President Donald Trump goes ahead with his promise to renegotiate Nafta and possibly place tariffs on Mexico or other US trading partners. Mr Locke says the international market is vital for him. Source link

Business

UK inflation rate leaps to 2.3%

Image copyright AFP Inflation, as measured by the Office for National Statistics’ Consumer Prices Index, jumped to 2.3% in February – up from 1.8% in January. The rate is the highest since September 2013 and above the 2% target the Bank of England is charged with keeping inflation at. Rising fuel and food prices were […]