The Bank of England has cut its UK growth forecast and warned a lack of Brexit clarity is hitting the economy. The Bank said uncertainty over the UK’s departure from the EU had “intensified considerably” over the past month. Against a backdrop of weaker global growth, the Monetary Policy Committee (MPC) voted unanimously to keep …
Image copyright AFP Marlboro cigarette maker Altria is buying a $12.8bn (£10bn) minority stake in vaping company Juul Labs. The marriage between a traditional tobacco giant and Juul underlines how the fast-growing e-cigarette is changing tastes among smokers. Altria said in a statement the move was preparation “for a future where adult smokers overwhelmingly choose …
Image copyright EPA Passengers whose travel plans have been disrupted at Gatwick owing to the closed runway are facing extra costs from rearranged flights, car parking and hotels. Although the circumstances that caused the disruption – drones flown around the runway – are unusual, there are still specific rights for air travellers. How can I …
The government’s overhaul of the welfare system to create one universal benefit has not had an easy roll out. The aim was to create a smoother benefits system that encourages people to stay in work. But it’s years behind schedule, linked to a rise in food bank use and rent arrears, and critics claim it …
Media playback is unsupported on your device Media captionSir John Timpson: “It’s about creating a hub” Britain has twice as many shops as it needs, according to the author of a report looking at how to revive the nation’s High Streets. Retailer Sir John Timpson said local councils must be given more money to turn …
Image copyright Getty Images Retail sales jumped more than expected in November, helped by Black Friday promotions and stronger growth in sales of household goods. Figures from the Office for National Statistics (ONS) said sales rose 1.4% from October, despite economists’ forecasts of about a 0.3% gain. But for the quarter to November, which smoothes …
Image caption Passengers stranded at Gatwick waited for updates on their travel options Thousands of passengers at one of the UK’s busiest airports are experiencing flight disruption after drones were seen over the airfield. Gatwick’s runway remains closed after two of the devices were seen nearby. About 10,000 passengers were affected as flights were unable …
Image copyright Stagecoach Image caption Stagecoach has faced tough competition in north America Scottish-based transport company Stagecoach has pulled out of the US. The firm, which has its headquarters in Perth, has been running bus services in North America for 20 years, but has had to significantly write down the value of the operation. Stagecoach …
One company has taken a novel approach to growing strawberries in Singapore. Source by [author_name]
Image copyright Getty Images In a surprise move, a court in Japan has rejected a request to extend the detention of Nissan’s former chairman Carlos Ghosn, paving the way for his release. Mr Ghosn has been charged with financial misconduct – accused of under-reporting his pay package over a five-year period. He was arrested in …