How sunglasses became a million dollar idea
The BBC’s Aaron Heslehurst explains how sunglasses became a million dollar idea. Source by [author_name]
Beetle: Volkswagen’s iconic car comes to the end of the road
Image copyright Getty Images Volkswagen is ending production of its iconic Beetle, closing the door on one of the world’s most famous car brands. The German company said output would end at its plant in Mexico next July after production of celebration models. The Beetle has its roots in Nazi Germany with the creation of …
Premier League signs Coca-Cola as sponsor
Image copyright Getty Images Image caption Coca-Cola is a sponsor of the World Cup Drinks giant Coca-Cola has agreed its biggest UK sponsorship deal by becoming Premier League football’s seventh and final commercial partner. It will become the official soft drink partner of the league, joining other sponsors Barclays, Carling, Cadbury, Nike, Tag Heuer and …
Bank of England leaves rates on hold amid Brexit uncertainty
Image copyright Getty Images The Bank of England has left interest rates on hold at 0.75% as expected but flagged “greater uncertainty” around the Brexit negotiations. The Bank’s Monetary Policy Committee (MPC) voted 9-0 to leave rates unchanged. A quarter of a percentage point rise last month took rates to the highest level since March …
GM recalls 1.2 million 2015 pickup trucks and SUVs
Image copyright Getty Images General Motors Co has issued a safety recall for about 1.2 million pickup trucks and SUVs globally, citing problems with the power steering function. The same issue prompted the firm to recall about 800,000 pickup trucks last year. GM said dealerships will provide free software updates to fix the problem. About …
Amazon chief Jeff Bezos gives $2bn to help the homeless
Image copyright Reuters Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools. The world’s richest man announced the move in a tweet, saying the charity would be called the Day One Fund. Mr Bezos – reportedly worth …
Turkey raises interest rates to 24% in new bid to boost lira
Image copyright Getty Images The lira has risen against the dollar after Turkey’s central bank hiked interest rates to 24% on Thursday – the biggest increase in President Tayyip Erdogan’s 15-year rule. The hefty 6.25 percentage point rise is the bank’s latest attempt to stem the currency’s collapse. The lira is down 38% against the …
Is ‘Never knowingly undersold’ killing John Lewis?
Image copyright Getty Images The latest big fall in profits at John Lewis has thrown the spotlight on to its famous price promise – to be “Never knowingly undersold”. Competition in retailing has never been fiercer and matching rivals’ prices has cut profits to the bone at the business. Boss Charlie Mayfield says although times …
Turkey bans use of foreign currency in property market
Image copyright Getty Images Image caption Mr Erdogan has said that only exporters and importers should deal in foreign currency Turkey is banning the use of foreign currencies in the country’s property market as it looks to stem the dramatic fall of its own currency, the lira. President Recep Tayyip Erdogan issued a decree on …
John Lewis boss rejects Dominic Raab Brexit jibe
Image copyright Getty Images Image caption Dominic Raab says it is mistake for businesses that “aren’t doing so well” to blame Brexit The boss of John Lewis has hit out at Brexit secretary Dominic Raab after he said companies should not blame Brexit for poor results. Sir Charlie Mayfield said he “didn’t say Brexit was …