Business

British Airways faces record £183m fine for data breach

Image copyright Getty Images British Airways says it is facing a record fine of £183m for last year’s breach of its security systems. The airline, owned by IAG, says it was “surprised and disappointed” by the penalty from the Information Commissioner’s Office (ICO). At the time, BA said hackers had carried out a “sophisticated, malicious […]

Business

Summer dilemma: Is it OK to wear flip-flops to work?

Image copyright Getty Images Summer has finally arrived and with it, the inevitable clothing dilemma – what to wear to work when the temperature heats up. Flip-flops, strappy summer dresses, shorts and T-shirts are fine when you’re off duty. But is it also OK to wear such outfits to work, or are there sartorial limits […]

Business

British Airways in talks to avert pilots' strike

Image copyright Getty Images British Airways will begin talks with its pilots on Monday to avert a potentially damaging summer strike. Pilots have rejected a pay increase worth 11.5% over three years, which the airline says is “fair and generous”. However, the British Airline Pilots’ Association (Balpa) argues that its members deserve a better offer, […]

Business

Deutsche Bank confirms plan to cut 18,000 jobs

Image copyright Getty Images Deutsche Bank will cut 18,000 jobs over three years as part of a radical reorganisation of the German bank. It will also report a second quarter loss of €2.8bn to partly pay for the shake-up, which will significantly shrink its investment banking business. Deutsche Bank is yet to specify exactly where […]

Business

Boeing loses big order for 737 Max aircraft

Image copyright Getty Images Flyadeal, the low-cost Saudi Arabian airline, has cancelled an order for 30 Boeing 737 Max aircraft. The decision follows the crashes of two 737 Max jets, the first in Indonesia in October followed by one in Ethiopia in March, which killed 346 people. Since then the aircraft has been grounded and […]

Business

Deutsche Bank could cut 'up to 20,000 jobs'

Image copyright Reuters Image caption “We’re prepared to make tough cutbacks,” said CEO Christian Sewing earlier this year Up to 20,000 jobs could be axed at Deutsche Bank as the company is set to announce plans for a global restructuring. The majority of cuts are expected in the City of London and Wall Street. The […]

Business

The nuclear fight for Sizewell on Suffolk's coast

Image caption Joan Girling – fighting for her “beloved coast” Joan Girling has been fighting the nuclear industry most of her adult life. She was at school when the new Magnox reactor was begun on the Suffolk coast at Sizewell in the 1960s. Her father told her it was a “necessary evil”. But when she […]

Business

High demand for Child Benefit loans, say credit unions

Image copyright Manchester Credit Union Image caption Christine Moore and Christine McKeague from the Manchester Credit Union There’s been a rapid rise in demand for a type of loan to families who repay using their Child Benefit, Radio 4’s Money Box has learned. Several credit unions say they are seeing much greater demand for what […]

Business

Amazon at 25: The story of a giant

Image copyright Getty Images “There’s no guarantee that Amazon.com can be a successful company. What we’re trying to do is very complicated,” said Jeff Bezos in 1999, just five years after launching the online firm. That the firm’s founder was so uncertain of its future seems surprising. Today, 25 years on from when it started, […]

Business

Greek debt crisis: 'I wasn't paid for two years'

Image copyright Menelaos Myrillas Image caption Greek entrepreneurs Dimitris Kokkinakis and Sophie Lamprou say they are unsure of the future, but will continue with their business regardless Setting up a business in a country that is struggling to recover from a severe economic crisis is hardly the most ideal of circumstances. So Greek entrepreneurs Dimitris […]