Image copyright Getty Images Asian stocks slumped in early trade as concerns about higher US interest rates and a global trade war prompted investors to sell risk globally. Markets in Asia took their cue from US stocks, which suffered their sharpest one-day falls in months. on Wednesday. Japan’s benchmark Nikkei 225 is down 3.6%. In …
Image caption Rick Huether’s family has run Independent Can Co since 1948 Rick Huether’s family has run a manufacturing company in Maryland since the 1940s. So he knows a bit about keeping blue-collar jobs in America. But now he, like many other manufacturers in the US, is worried. In March, President Donald Trump announced steep …
Image copyright Getty Images Image caption Internet connectivity through light waves could help 5G reach into buildings and underground The global race towards superfast “fifth generation” mobile internet, known as 5G, is entering a key phase. The trouble is no-one knows exactly which technologies will be best for offering such a service. But one telecoms …
Image caption The BBC News at Six looked a little different on Wednesday The BBC had to replace live broadcasts with recorded material on its TV news channels for about an hour on Wednesday following a technical glitch. The News at Six and News at Ten were also presented from the BBC’s Millbank studio instead …
Image copyright Getty Images Shares on Wall Street suffered their sharpest one-day falls in months, as investor fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards …
Image copyright Getty Images Image caption James Murdoch joined the Tesla board last year. James Murdoch could become the next head of Tesla’s board of directors. He is “the favourite” to replace Elon Musk, who currently serves as both board chairman and chief executive, the Financial Times has reported. Mr Musk agreed to give up …
Image copyright Reuters Image caption Dave Lewis spoke of the pressure on Tesco when the problem was revealed Tesco’s chief executive has told a court of his “genuine shock” on learning of the £250m overstatement of the company’s profits. Dave Lewis told Southwark Crown Court he had “no indication at all” of the issue until …
Image caption The factory employs 732 workers in Melksham A tyre factory is planning to cut 300 jobs, its bosses have announced. Cooper Tire and Rubber Company in Melksham, Wiltshire wants to cut the jobs over the next 10 months from a workforce of 732. In a meeting held on Wednesday workers were given letters …
Image copyright Getty Images Image caption Sears has closed hundreds of stores in recent years Shares in Sears Holdings plunged by more than 30% on Wednesday following a report that the US retail chain was preparing to file for bankruptcy. The firm was preparing the filing ahead of the deadline on Monday for a $134m …