Image copyright Getty Images A US delegation will visit China next week for talks aimed at defusing the trade war between the world’s two largest economies. The closely watched meeting follows a dismal week for US markets, with losses fuelled partly by trade fears. Last year, China and the US imposed tariffs on more than …
Image copyright Reuters Three former Credit Suisse bankers have been arrested over their alleged role in a $2bn (£1.5bn) fraud scheme connected to firms in Mozambique, according to US authorities. The men have been released on bail in London while the US seeks their extradition. The scheme allegedly involved loans to state-owned companies in Mozambique. …
Image copyright Getty Images Herb Kelleher, who co-founded low-cost US carrier Southwest Airlines, has died aged 87, the company says. The company described him as “a pioneer, a maverick and an innovator” who disrupted the airline industry “by making flying both fun and affordable”. He is survived by his wife Joan and three of their …
If you want to see inside the body to figure out an illness or injury, then the X-ray is your answer. They’re also used to stop bombs and weapons getting onto planes. But the scientist who discovered them had no idea what they were, or how they worked. All he knew was that they showed …
Image copyright Getty Images In the first three days of 2019 top bosses will have earned more than the typical worker will earn all year, according to a report. The average pay of a FTSE 100 chief executive is £1,020 an hour, research from the High Pay Centre and HR industry body the CIPD has …
Image copyright Getty Images Shares on Wall Street sank deeper on Thursday after Apple said weak sales in China had hurt its business, stoking wider concerns over trade tensions and economic slowdown. A revenue warning from a major airline, as well as some data showing declines in US car sales and manufacturing activity last month …
Image copyright Getty Images Apple has been ordered to remove some iPhone models from its 15 stores in Germany over a patent dispute with chip giant Qualcomm. A court ruling in Munich on 20 December found Apple had infringed patents on power-saving technology. On Thursday Qualcomm paid a €1.3bn (£1.2bn) bond, allowing the ban on …
Image copyright Rockstar Image caption Red Dead Redemption 2 sold more than one million physical copies in 2018 The video games sector now accounts for more than half of the UK’s entire entertainment market, according to a new report. The industry is worth £3.86bn ($4.85bn) – more than double its value in 2007 – said …
Image copyright Getty Images Image caption A sunset in Rio de Janeiro. A weather app has tried to subscribe hundreds of thousands of Brazilian users to paid services. A popular weather app has been collecting unusual amounts of information from its users, security experts claim. Data including email addresses and mobile identity numbers have been …
Image copyright Getty Images Two of America’s biggest drug companies have announced a blockbuster merger. Bristol-Myers Squibb is buying rival Celgene in a cash and stock deal valued at about $74bn (£58.8bn) or $90bn including debt. The tie-up, which is subject to various approvals, is expected to be completed in the second half of 2019, …