Image copyright Getty Images Commuters and students are being short-changed by the government, the Lords Economics Affairs Committee has said. The Retail Prices Index (RPI) inflation measure, used to calculate rises in student loan repayments and some train fares, is flawed, it said. Moreover, the government is using different inflation measures to maximise funds coming …
Image copyright Getty Images Image caption The fact that President Trump’s limousine is a Cadillac is said to have helped the US carmaker’s sales in China If you’re selling Cadillacs in China, it helps that the US president is driven around in one. Cao Chenyi, the boss of a Cadillac dealership near Shanghai, told me …
Image copyright Joel Von Allmen Image caption Hermes only moved into men’s watches seven years ago. It’s new Arceau L’Heure de la Lune sells for £20,500-plus Hermes may be a big cheese in the world of luxury goods, but in the world of Swiss watchmaking it is something of an outsider. First, it is French. …
Image copyright Reuters Image caption Huawei is one of the world’s biggest smartphone-makers The US is reportedly investigating Huawei for “stealing trade secrets” from American business partners in the latest action against the Chinese technology giant. The criminal inquiry was first reported by the Wall Street Journal (WSJ). It comes as the Trump administration is …
Image copyright Getty Images Image caption Apple’s ban of Alex Jones’s InfoWars podcasts last August led to similar moves by several other technology companies Video-streaming service Roku has made a U-turn over its addition of InfoWars – the right-wing conspiracy theorist Alex Jones’s channel. Social media activists noticed Roku was offering the channel earlier this …
Image copyright Getty Images Image caption Russell Horning (Backpack Kid) and Alfonso Ribeiro demonstrate their dances – the Floss and the Carlton Microsoft has removed two dance moves from its Forza series of racing games, following questions over the legality of such moves in video games. It comes as Epic Games, the creators of Fortnite, …
Image copyright AFP Image caption Coppola’s first film since 2017’s The Beguiled will be co-produced by Apple Sofia Coppola will reunite with Lost in Translation star Bill Murray to make Apple’s first original feature film. News of the film, titled On the Rocks, comes ahead of the expected launch of the tech giant’s own streaming …
Image copyright Getty Images The boss of Procter and Gamble, maker of Fairy liquid and Gillette razors, says its products could cost more if the UK leaves the EU with no deal. Tariffs the company may have to pay would be added to grocery bills, David S. Taylor told the BBC. “If it’s a hard …
Image copyright Getty Images The owner of Patisserie Valerie has said an accounting scandal it revealed in October was worse than it thought. Its probe has found found “extensive” misstatement of its accounts and “very significant manipulation of the balance sheet and profit and loss accounts”. This includes thousands of false entries in its ledgers, …
Image copyright Getty Images Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, which …