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 …
Image copyright Getty Images Image caption Pensions have been stolen or put into high-risk schemes Two victims of elaborate pension scams lost more than £1m each to fraudsters, new figures have revealed. The two individuals, whose identities are being protected by the authorities, lost their savings over the two years to June 2018. The data, …
Image copyright Getty Images Image caption Mr Schultz has hit out at “revenge politics” from Republicans and Democrats The former CEO of coffee chain Starbucks has said he is “seriously considering” running for president. Howard Schultz, who stepped down as the firm’s boss last year, says he is considering running as a centrist independent candidate …