Business

Turkey takes action in bid to curb currency crisis

Image copyright Reuters Turkey’s central bank said it was ready to take “all necessary measures” to ensure financial stability after the collapse of the lira. It has vowed to provide banks with “all the liquidity the banks need”. The measures come after the Turkish lira hit record lows against the dollar amid a widening diplomatic […]

Business

Turkey pledges action to calm markets

Image copyright AFP Image caption A view across Istanbul Turkey has pledged it will take action to calm markets after the lira plunged to a new record low in Asian trading. The details would be unveiled shortly, the country’s finance minister told Turkish newspaper Hurriyet. “From Monday morning onwards our institutions will take the necessary […]

Business

Electronics boss: 'You need to think 10 years ahead'

Kinpo is a Taiwanese electronics giant. It employs 40,000 people and has a turnover of $36bn a year. It has developed some ground-breaking products, such 3D printers and a mirror that doubles as a computer screen. The key to success, says chief executive Simon Shen, is thinking far into the future. Video journalist: Jeremy Howell […]

Business

'We never will'

Image copyright ITC Image caption Jen Atkinson joined ITC in 2002 The BBC’s weekly The Boss series profiles a different business leader from around the world. This week we speak to Jen Atkinson, chairwoman and co-owner of holiday group Inspiring Travel Company (ITC). When Jen Atkinson saw the travel business she was working for in […]

Business

Over-50s ‘need more support’ as they work longer

Image copyright Thinkstock Image caption Living longer may also mean working longer Almost half of older workers feel unsupported by their employers, despite the fact that millions are working longer, research has claimed. Insurance firm Aviva found almost two thirds of over-50s in work, 6.4 million people, were planning to retire later than they expected […]

Business

Firms 'struggling to recruit as EU workers stay away'

Image copyright Getty Images Image caption The hospitality industry relies heavily on EU workers Firms are struggling to recruit staff after a steep fall in the number of people coming to Britain from the European Union, a report has said. Some 40% of employers had found it harder to fill vacancies in the past 12 […]

Business

Trump backs Harley-Davidson boycott in tariff row

Image copyright Getty Images Donald Trump has tweeted that it is “great” that many Harley-Davidson owners plan to boycott the firm as a row over tariffs escalates. The US president said “most other firms… including Harley competitors” agreed with his decision to impose tariffs on steel and aluminium imports. In June, Harley-Davidson said it would […]

Business

Tesla's Elon Musk in the hot seat, again

Image copyright Getty Images Will Elon Musk lose his magic touch? That was the question on Wall Street this week after the Tesla chief startled investors with a tweet saying he had secured funding and was considering taking his electric car company private. The firm’s shares spiked after his statements, which called for purchasing shares […]

Business

M&S in new phase of store closures

Image copyright PA Image caption M&S wants to move a third of its sales online Marks & Spencer is implementing the latest round of its store closure programme this weekend as it battles to improve its fortunes. Seven more of the retailer’s clothing shops will be shutting their doors for the last time on Saturday. […]

Business

Trump doubles metal tariffs on Turkey as lira falls by 20%

Image copyright Getty Images Image caption The two men spoke on the sidelines of a Nato summit in Brussels last month President Trump has doubled US tariffs on Turkish steel and aluminium, as the precipitous fall of the Turkish lira accelerates. In a tweet, Mr Trump said the currency was weak against “our very strong […]

Business

UK economic growth picks up to 0.4%

The UK’s economy grew by 0.4% in the three months to June, boosted by construction and services, according to latest figures from the Office for National Statistics. That compares with a growth rate of 0.2% in the first quarter of the year. Following recent changes in the way the UK’s GDP is calculated, the ONS […]

Business

Japan's economy rebounds in the second quarter

Image copyright Getty Images Japan’s economy rebounded in the second quarter, returning to growth despite growing global trade tensions. The economy expanded by a faster-than-expected annualised pace of 1.9%, supported by private consumption. The growth came after Japan’s economy shrank in the first quarter of 2018 for the first time in two years. The release […]