102687551 debtmangetty - Government bodies 'worst for aggressive debt collection'
Business

Government bodies 'worst for aggressive debt collection'

Image copyright Getty Images Local councils and government bodies may not usually be associated with sending round “the heavies” to collect debts from hard-pressed families. But they are often worse than consumer creditors, can be very aggressive and quick to use bailiffs, MPs say. The Treasury Select Committee says debts and overpayments are often pursued […]

102658692 gettyimages 953417998 - The new gold rush
Business

The new gold rush

Image copyright Getty Images Image caption An open pit mine in Kolwezi, Democratic Republic of Congo, where cobalt and copper is extracted Gold once lured prospectors to the American west – but now it’s cobalt that is sparking a rush. Cobalt mining has not happened at any sort of scale in the United States for […]

102690454 gettyimages 98458703 - Fire-risk domestic appliances 'are becoming harder to spot'
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Fire-risk domestic appliances 'are becoming harder to spot'

Image copyright Getty Images Fire investigators are finding it increasingly hard to identify which white goods have caused fires, according to consumer group Which? It said people’s lives could be endangered because investigators could only identify an appliance’s make and model in a third of fires. That makes it harder to spot and recall dangerous […]

102693970 mediaitem102693969 - Trump: US and EU agree to work towards lower trade barriers
Business

Trump: US and EU agree to work towards lower trade barriers

Image copyright Getty Images Image caption Donald Trump and Jean-Claude Juncker in the Rose Garden The US has agreed to work towards lowering trade barriers with the European Union, Donald Trump said on Wednesday after a meeting with European Commission chief Jean-Claude Juncker. The two would work for zero tariffs, zero non-tariff barriers, and zero […]

102693200 hi046637874 - Facebook tumbles as growth disappoints
Business

Facebook tumbles as growth disappoints

Image copyright Reuters Facebook shares tumbled on Wednesday after the social media network’s revenue and user growth fell short of investor expectations. The firm, which is facing backlash for its handling of fake news and privacy, said it had 2.23 billion monthly active users at the end of June. That was up 11% compared to […]

102690457 gettyimages 1004515328 - China says there will be 'no winner' in global trade war
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China says there will be 'no winner' in global trade war

Image copyright PHILL MAGAKOE Image caption Presidents Xi and Ramaphosa – rejecting protectionism China has told developing nations there would be no winner in a global trade war. Chinese President Xi Jinping called on Brazil, Russia, India, China and South Africa (BRICS) to reject protectionism. South African President Cyril Ramaphosa also warned of the impact […]

102690932 gettyimages 617977126 - US carmakers hit by trade disputes
Business

US carmakers hit by trade disputes

Image copyright Getty Images Shares in two major carmakers tumbled after they warned that changes to trade policies were hurting performance. General Motors said it expected a hit of about $1bn (£760m) due largely to higher steel and aluminium prices caused by new US metals tariffs. Shares dropped by more than 7% after the firm […]

102485042 hi048054887 - Ryanair fleet cuts put 300 jobs at risk
Business

Ryanair fleet cuts put 300 jobs at risk

Image copyright PA Ryanair has announced it is cutting its Dublin-based fleet from 30 to 24 planes for the winter 2018 season, putting 300 jobs at risk. The six planes will transfer to the carrier’s Polish charter airline, which it said was growing rapidly. Ryanair blamed a downturn in forward bookings and airfares in the […]

102682250 hi047949014 - FCA suggests 'basic savings rate' to boost returns
Business

FCA suggests 'basic savings rate' to boost returns

Image copyright PA Banks could be forced to pay their customers a minimum interest rate on their savings, the Financial Conduct Authority (FCA) has suggested. The FCA said it was concerned that savers who stay with the same bank or building society for a long time get poor returns on their money. Some banks currently […]

102681710 mccallgetty - ITV profits rise helped by Love Island
Business

ITV profits rise helped by Love Island

Image copyright Getty Images Image caption Carolyn McCall says ITV has had a good start to the year Half-year profits at broadcaster ITV rose to £265m from £259m, as revenues increased by 8% to £1.5bn. The firm said advertising sales rose 2% in the six months to June, with 48% growth in online. ITV said […]

93799395  90792233 gettyimages 103231721 - Santander sees growth but UK profits slip
Business

Santander sees growth but UK profits slip

Image copyright Getty Images Santander has warned of a “challenging environment” after its UK profits fell sharply in the first half of 2018. Earnings in the UK fell by 16% because of investment costs and weaker revenues. Restructuring costs also took their toll in its home base of Spain. But its global profits rose by […]

102680122 8d3f7222 6416 4bae ae25 89b4f5f6ec00 - American Airlines and Cathay Pacific bow to China pressure on Taiwan
Business

American Airlines and Cathay Pacific bow to China pressure on Taiwan

Image copyright Reuters Image caption Taking off for Taipei, Taiwan or China? American Airlines and Cathay Pacific have become the latest carriers to change how they refer to Taiwan online, bowing to pressure from China. Beijing set 25 July as a deadline for companies and airlines to remove references to Taiwan as anything but a […]