Business

Why are the Chinese buying fewer cars?

[ad_1] Image copyright Getty Images Image caption The fact that President Trump’s limousine is a Cadillac is said to have helped the US carmaker’s sales in China If you’re selling Cadillacs in China, it helps that the US president is driven around in one. Cao Chenyi, the boss of a Cadillac dealership near Shanghai, told […]

Business

Commuters and students 'short-changed by the government'

[ad_1] Image copyright Getty Images Commuters and students are being short-changed by the government, the Lords Economics Affairs Committee has said. The Retail Prices Index (RPI) inflation measure, used to calculate rises in student loan repayments and some train fares, is flawed, it said. Moreover, the government is using different inflation measures to maximise funds […]

Business

Retailers told to clean up act over fake faux fur

[ad_1] Image copyright ASA Image caption Tests revealed the jumper contained real fur – likely to have come from a rabbit Clothing retailers have been told to take immediate action to ensure items they advertise as containing fake fur are not made from real fur. The UK’s advertising watchdog has given them a deadline of […]

Business

No-deal Brexit warning for UK drivers

[ad_1] Image copyright Reuters If UK motorists plan to drive abroad after 29 March, they need to act soon or risk breaking the law. That’s because a no-deal Brexit would leave drivers needing to have a Green Card to prove they have insurance. EU regulations will hit businesses and individuals. They will also apply to […]

Business

Housing market outlook worst 'for 20 years'

[ad_1] Image copyright Getty Images Surveyors and estate agents reckon the housing market outlook over the next three months is the worst for 20 years. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next three months. It’s the most downbeat reading since records started […]

Business

US 'probes Huawei for trade secret theft'

[ad_1] Image copyright Reuters Image caption Huawei is one of the world’s biggest smartphone-makers The US is reportedly investigating Huawei for “stealing trade secrets” from American business partners in the latest action against the Chinese technology giant. The criminal inquiry was first reported by the Wall Street Journal (WSJ). It comes as the Trump administration […]

Business

Goldman boss apologises for 1MDB scandal

[ad_1] Image copyright Getty Images Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country’s wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB. He said Goldman, […]