Opec, the Organization of the Petroleum Exporting Countries, has certainly had its share of criticism over many years. President Trump recently accused the group of “ripping off the rest of the world” and keeping oil prices “artificially high”. It has sometimes been charged with holding the world to ransom – notably in the mid-1970s when …
Image copyright PA Annual growth in UK house prices slowed to its lowest rate for six years with property values barely changed from a year ago, a major lender has said. The Halifax, part of Lloyds Banking Group – the UK’s biggest mortgage lender, said prices rose by 0.3% in November compared with a year …
Image copyright Getty Images Image caption Robert Hannigan led GCHQ from 2014 to 2017 Facebook could become a threat to democracy without tougher regulation, the former head of intelligence agency GCHQ has said. Robert Hannigan told the BBC the social media giant was more interested in profiting from user data than “protecting your privacy”. It …
Image copyright Getty Images Christmas present shopping might fill you with joy, but spare a thought for the people working in retail this festive season. The shops are busy, changing rooms get messy and stuff tends to end up lying all over the place. With stores opening early and closing late, it can also mean …
Image copyright Getty Images The boss of Motability Operations is to step down by 2020 following criticism over his pay and a scathing review from the government’s spending watchdog. The report from the National Audit Office revealed Mike Betts was in line for an extra £1.86m bonus on top of already “generous” pay. The firm …
Image copyright EPA Keith Williams, who is heading a year-long review of UK railways, has refused to rule out nationalisation as a possible recommendation to government. Mr Williams is a deputy chairman of John Lewis Partnership and former chief executive of British Airways. “I am independent, for me all options are on the table. I …
Image copyright AFP/Getty Image caption Fiat Chrysler’s Jeep line-up has driven sales growth in the US Fiat-Chrysler Automobiles (FCA) is reportedly planning to open an assembly plant in Detroit. According to US media, the plant would start producing its Jeep sports utility vehicles (SUVs) in 2020, and create up to 400 jobs. The US-Italian carmaker …
Media playback is unsupported on your device Media captionOne gang used oxy-acetylene canisters to cause an explosion Thieves are increasingly trying to smash or blast their way into UK cash machines – with the number of attacks on ATMs nearly doubling in four years. Attempts to steal cash have risen from 400 attacks in 2014 …
Image copyright Getty Images Image caption Steve Carell played Steve Eisman in The Big Short An investor who predicted the 2008 financial crisis has revealed he is betting against the UK banking system. Steve Eisman, known for appearing in The Big Short, said he had bets against three UK banks, though he declined to name …
Image copyright Ritzau/PA Images Image caption Action from the 1971 women’s final between Mexico and Denmark in front of 110,000 fans It was short lived…. but for three memorable weeks in the summer of 1971 women’s football flared brightly like a comet, before crashing back down to earth again. Just 14 months after Brazil had …