Media playback is unsupported on your device Media captionRescuers are searching for hundreds of people, missing after a dam collapse caused a huge mudslide Senior Brazilian politicians have called for Vale SA to be held to account for last week’s dam disaster, as anger grows towards the mining firm. Brazil’s Vice-President Hamilton Mourão said those …
Image copyright Reuters Image caption The US announced charges against Huawei, several of its subsidiaries, and its chief financial officer Meng Wanzhou The US Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou. Among the charges are accusations of bank and wire fraud, …
Image copyright Reuters Image caption PDVSA provides Venezuela’s largest source of revenue The US has imposed sanctions on Venezuela’s state-owned oil firm PDVSA and urged the country’s military to accept a peaceful transfer of power. National Security Adviser John Bolton said President Nicolás Maduro and his allies could “no longer loot the assets of the …
Image copyright PA The supermarket chain Morrisons is raising the price of its reusable plastic bags from 10p to 15p as a trial and introducing a 20p paper version. The paper bags will be available in eight stores as part of a two-month trial. The supermarket chain said reducing plastic was their customers’ top environmental …
Image copyright AFP Image caption President Donald Trump ended the partial shutdown on Friday The partial shutdown of the US government is estimated to have cost the US economy $3bn (£2.3bn). The loss is expected to slash 0.02% from the country’s growth in 2019, the Congressional Budget Office (CBO) said. The agency said overall damage …
Image copyright Getty Images The company that owns the Oddbins off-licence chain is preparing to appoint administrators in a move that puts hundreds of jobs at risk. European Food Brokers also owns Wine Cellars and Whittalls Wine Merchants and bought Oddbins when it went into administration in 2011. According to Sky News, Duff & Phelps …
Image copyright Getty Images Mining giant Vale says it will curb dividends for shareholders and halt bonuses for managers. Its statement comes as it starts to investigate the dam breach in Brazil which killed 58 people. It is also setting up a committee to offer help to the victims. Rescue teams searching for 300 missing …
Image copyright Getty Images Image caption Roger Jenkins was executive chairman at Barclays Capital A senior banker at Barclays panicked at 02:00 at the peak of the 2008 banking crisis that, if the bank was nationalised, his bonus would be jeopardised, a court has heard. Barclays was among banks needing extra funding during the crisis. …
Image copyright Getty Images Tesco has announced it will close food counters in 90 of its stores as part of a wider cost-cutting plan that will affect 9,000 staff. The UK’s largest supermarket said its remaining fish, meat and deli counters in 700 stores will be run on a full-time or flexible basis. It confirmed …
Image copyright Getty Images Savers focused on cashing-in some of their pension pot are “sleepwalking” into poor financial decisions, experts have warned. The City regulator, the Financial Conduct Authority (FCA), has confirmed plans to make choices clearer to those approaching retirement. Savers can cash in their pension from the age of 55. The FCA wants …