Image copyright Getty Images More and more youngsters under the age of 21 are falling victim to money scams, according to the anti-fraud organisation Cifas. In the first nine months of the year, it said, 3,527 young people had experienced identity fraud, an increase of 24% on 2017. Most of the cases involved debit, credit …
Image copyright Coast Women’s fashion retailer Coast has gone into administration, putting 300 jobs at risk, in a sign of continuing pain on the High Street. The collapse means the immediate closure of its 18 UK outlets, at locations including Oxford Street and Westfield in London. Coast also has five stores in Ireland, two in …
Image copyright Science Photo Library Image caption Imported goods could suffer supply constraints, says the OBR An “abrupt and disorderly” Brexit could have a severe short-term impact on the UK economy and public finances, the country’s fiscal watchdog has warned. If the UK leaves the EU without a deal, it could lead to shortages and …
Image copyright Getty Images Tens of thousands of the UK’s poorest householders are disconnecting their own power supplies, because they cannot afford to top up their meters. Energy regulator Ofgem said it was so concerned that it wanted further evidence on the scale of the problem. In the past year, 70,000 people on pre-payment meters …
Image copyright AFP US President Donald Trump has said his trade policies have hurt China’s economy, adding: “I have a lot more to do.” Mr Trump also told Fox News the Chinese had lived too well for too long. The US and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each …
Image copyright Getty Images Image caption Apple uses Dialog’s chips in its iPhones, iPads and Watches Apple is adding 300 computer chip engineers to its team after striking a deal to hire them from one of its British suppliers. It is paying Dialog Semiconductor $300m (£227m) for the acquisition, which also includes some of the …
Image copyright Getty Images The owner of Patisserie Valerie has said the chain needs “an immediate injection of capital” to continue trading in its current form. The stark statement to investors comes after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”. It also belatedly discovered HMRC filed a winding-up petition against one of its …
Image copyright Getty Images Auction site eBay’s UK subsidiary has agreed to pay an extra £7m in tax following a review by HMRC. According to the latest accounts from the firm, its sales in 2017 rose to more than £500m, but its profits were still relatively small at £20m. The £7m payment covers tax liabilities …
Image copyright Getty Images Image caption The indictment identifies GE Aviation as a target of the operation The US justice department has announced charges of economic espionage against a suspected Chinese intelligence officer. Officials say Yanjun Xu tried to steal trade secrets from US aviation and aerospace companies on behalf of China. He was arrested …