Image copyright Getty Images Fiat Chrysler Automobiles has announced plans to pump $4.5bn (£3.4bn) into the Michigan vehicle industry which will create 6,500 new jobs. The carmaker said it will build the first new assembly plant in Detroit for nearly three decades. It is a boost to the area after General Motors announced it would …
Image copyright Getty Images Image caption Bosses of seven drug-makers firms testify in Washington on prices The chief executive of Pfizer has said US President Donald Trump should use trade deals to fight price controls on medicines in other countries. Albert Bourla told a US Senate hearing that other nations are “free-riding on American innovation”. …
Image copyright PA The government has published its assessment of the impact of a no-deal Brexit on business and trade. The report said “some food prices are likely to increase” and customs checks could cost business £13bn a year in a no-deal scenario. It also said there was “little evidence that businesses are preparing in …
Image caption Money changers have plenty of cash, but charge a commission “Nobody knows what it is,” is the verdict of Zimbabwe’s former trade minister and now opposition politician Nkosana Moyo. He was talking about what appears to be a new currency in the country. It has been introduced over the last few days but …
Image copyright PA Image caption The rail timetable overhaul was billed as the biggest in the UK Britain’s rail franchise system no longer delivers clear benefits and cannot continue as it is, says the man leading a review of the network. Keith Williams will say in a speech later the industry is not responding to …
Image copyright SP Image caption Scottish Power says its future is in renewable energy Scottish Power has said it will invest up to £2bn in green energy, as its chief executive played down concerns about Brexit. The energy giant said it was increasing storage capacity at its wind farms and working on its goal of …
A father explains why he did not regret taking the offer of six months paid paternity leave after the birth of his son. While only one-in-50 couples use the government’s shared parental leave deal, an asset management company has matched maternity and paternity leave rights for its 16,000 staff. UK viewers can watch the full …
Image copyright AFP A former chair of the US central bank has sharply criticised President Trump’s economic knowledge. On American Public Media’s Marketplace programme, Janet Yellen said Mr Trump did not understand economic policy or the US Federal Reserve’s purpose. She also said that Mr Trump’s focus on the US-China trade deficit was misguided. The …
Image copyright Getty Images Income inequality between the richest and poorest in the UK widened last year, official figures show, as benefits were squeezed but wages rose. The richest fifth of the population saw incomes rise by 4.7%, the Office for National Statistics (ONS) said. The average income of the poorest fifth, in contrast, shrunk …
Image copyright PA The pound has hit a 21-month high against the euro following increasing speculation of a delay to Brexit. At one point, sterling was up by nearly one euro cent at €1.1643, its highest since May 2017. Prime Minister Theresa May said in the Commons that if no deal is agreed and if …