Business

Juncker criticised over 'freeports'

Image copyright Carlos R. Alvarez Jean-Claude Juncker has come under attack for dismissing concerns that controversial art storage facilities may be enabling money laundering. MEPs have criticised the response of the European Commission president to allegations about “freeports” – tax-exempt warehouses for high-value goods close to ports and airports. They include one in Luxembourg which […]

Business

Brexit food stockpiling loan ad banned

Image copyright Peachy A financial services company has been ordered not to reuse an advert in which it tried to persuade people to take out a loan, in case they wanted to stockpile food because of Brexit. Cash On Go, trading as Peachy.co.uk, sent out an email saying, “it’s a good idea to have a […]

Business

Watchdogs 'need to prove they protect consumers' says NAO

Image copyright Getty Images Four major UK regulators need to do more to prove they are offering enough protection to those who need it, spending watchdog the NAO has said. Ofwat, Ofgem, Ofcom and the FCA understand the “significant difficulties” facing consumers. But they can’t prove they are effectively responding to them, the National Audit […]

Business

'Corruption in Ukraine has to be stopped'

Image copyright Getty Images Image caption Cranes stand idle at Mariupol on the Azov Sea The port of Mariupol in eastern Ukraine has become a symbol in recent months of the country’s economic struggles. A recent partial blockade by Russian naval vessels of the nearby Kerch Strait means that fewer ships are now docking at […]

Business

Weedkiller glyphosate a 'substantial' cancer factor

Image copyright AFP A US jury has found that one of the world’s most widely-used weedkillers was a “substantial factor” in causing a man’s cancer. Pharmaceutical group Bayer had strongly rejected claims that its glyphosate-based Roundup product was carcinogenic. But the jury in San Francisco ruled unanimously that it contributed to causing non-Hodgkin’s lymphoma in […]

Business

Boeing: US orders review of 737 Max licence to fly

Image copyright Getty Images Image caption Memorial service for victims of the Ethiopian Airlines crash The US government has ordered a review of the way Boeing’s 737 Max aircraft got its licence to fly. It comes after two crashes in five months, amid suggestions from experts that there were “clear similarities” between the disasters. Transport […]

Business

Google reveals gaming platform Stadia

Image copyright Google Image caption The Stadia controller comes with a YouTube sharing button and another for Google Assistant. Google has unveiled a new digital gaming platform called Stadia which will stream data-rich games that have traditionally had to be either downloaded or purchased on disk. At launch it will work on existing desktops, laptops, […]

Business

The UK's richest man bailing out Team Sky

Image copyright Getty Images The UK’s richest man Jim Ratcliffe is the proud new owner of a high-profile professional cycling team, after his firm Ineos took over the former Team Sky. The team will change its name to become known as Team Ineos mid-season, racing under its new name for the first time at the […]

Business

India 'asks banks to rescue Jet Airways'

Image copyright Reuters The Indian government has asked state-run banks to step in and save struggling carrier Jet Airlines, according to Reuters. India has urged the banks to swap debt for equity, and take stakes in Jet, the news agency said. With more than $1bn (£750m) in debt, the airline has had to delay payments […]