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January 11, 2019
Amazon and eBay evict sellers amid VAT crackdown

Amazon and eBay evict sellers amid VAT crackdown

Image copyright Getty Images Thousands of overseas sellers have been evicted from online marketplaces in the UK such as Amazon and eBay owing to a tax crackdown. Businesses, mostly from China, sold items including British flags, phones and fake eyelashes but evaded VAT. HM Revenue and Customs (HMRC) sends notices to seven different online sales …

January 11, 2019
Brexit: Japan’s PM says ‘wish of whole world’ to avoid no-deal

Brexit: Japan’s PM says ‘wish of whole world’ to avoid no-deal

Image copyright PA Image caption Mr Abe was speaking during a visit to London The “whole world” wants the UK to avoid a no-deal Brexit, Japan’s PM has claimed, after talks with Theresa May. Shinzo Abe pledged “total support” for the withdrawal agreement she has negotiated with the EU, which faces a crunch vote in …

January 11, 2019
UK economic growth hits six-month low

UK economic growth hits six-month low

Image copyright PA Growth in the UK’s economy slowed in the three months to November, expanding at its weakest pace in six months. The economy grew by 0.3% during the period, less than the 0.4% in the three months to October, the Office for National Statistics (ONS) said. The ONS said manufacturers suffered their longest …

January 11, 2019
Fashion firm Quiz issues second profit warning

Fashion firm Quiz issues second profit warning

Image copyright Quiz Image caption Quiz launched a collection in collaboration with Love Island’s Gabby Allen Fast-growing fashion retailer Quiz has made its second profit warning in three months. It now expects to make £8.2m, down from an estimate of £11.5m made in October. Quiz targets 16 to 35-year-old “fashion forward females”. Last year it …

January 11, 2019
Flybe rescued by Virgin and Stobart

Flybe rescued by Virgin and Stobart

Image copyright Getty Images Flybe is being bought for £2.2m by a consortium including Virgin Atlantic and Stobart Group. The sale comes after the Exeter-based airline’s warning in October that it would lose £22m because of poor demand, a weaker pound and higher fuel costs. Shareholders in Flybe will receive 1p a share, while the …

January 11, 2019
Carlos Ghosn: Ex-Nissan chair faces ‘two new charges’

Carlos Ghosn: Ex-Nissan chair faces ‘two new charges’

Image copyright Getty Images Prosecutors in Japan have indicted former Nissan chairman Carlos Ghosn with two fresh charges, according to local media. Mr Ghosn, who has been detained since November, was charged with aggravated breach of trust and understating his income. He had already been indicted on a separate charge of underreporting his pay over …

January 11, 2019
Hitachi says ‘no decision’ made on UK nuclear plant

Hitachi says ‘no decision’ made on UK nuclear plant

Image copyright Getty Images Image caption The original Wylfa Nuclear power station was decommissioned in 2015 Hitachi said “no formal decision” has been made over the future of a UK nuclear plant following a report it would halt construction. The Nikkei Asian Review reported the firm’s board would likely decide to suspend all work on …

January 11, 2019
How much has the shutdown hit the US economy?

How much has the shutdown hit the US economy?

Image copyright Getty Images Image caption President Trump says there is a border “crisis” Washington is at a standstill, as US President Donald Trump and Democrats feud over his demand to include $5.7bn (£4.5bn) for a border wall in a new spending bill. The fight has closed parts of federal agencies since 21 December and …

January 11, 2019
UK economy’s fate is held in the hands of the shopper

UK economy’s fate is held in the hands of the shopper

Image copyright AFP Like it or loathe it, the consumer is king – or even, queen – and no more so than over Christmas. The spike in festive spending between November and January typically makes up 40% of a retailer’s takings. For many, the season’s tidings weren’t particularly cheerful (if not perhaps as bleak as …

January 11, 2019
Africa’s drone mapping experts – BBC News

Africa’s drone mapping experts – BBC News

Only a small percentage of the African continent is mapped in any detail. This has huge consequences for disaster relief and also for urban planning, as people pour into cities at an unprecedented rate. In Zanzibar, East Africa, the World Bank is funding a new mapping initiative which is becoming a model for how other …

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