Business

Wall Street sees red as tech shares plunge

Image copyright Getty Images Shares in some of the world’s largest technology stocks plunged on Monday, dragging the Nasdaq down almost 3% to drive a wider market sell-off. The Dow Jones Industrial Average fell 1.75% in mid-afternoon trading while the S&P 500 index dropped 1.7%. The declines were driven by Apple and Facebook. Investors dumped […]

Business

Why industry can combat climate change

Image copyright Reuters A new report on the potential of heavy industry to combat climate change offers a rare slice of optimism. Sectors like steel, chemicals, cement, aviation and aluminium face a huge challenge in cutting carbon emissions. But a group including representatives from business concludes it is both practical and affordable to get their […]

Business

Consumers 'wrongly' told they do not have PPI

Image copyright Getty Images Banks are being accused of giving wrong information to customers looking to get compensation for mis-sold Payment Protection Insurance (PPI). The accusation has been made by the Alliance of Claims Companies – a trade body for claims management companies. It said a number of customers had been incorrectly told by their […]

Business

Nissan plans to oust Carlos Ghosn over 'misconduct'

Image copyright Getty Images Image caption Carlos Ghosn is head of the Alliance, which includes Nissan, Renault and Mitsubishi Japanese car giant Nissan has proposed removing chairman Carlos Ghosn from his post over financial misconduct claims. The firm said it had been conducting an internal investigation for several months which showed Mr Ghosn had been […]

Business

'Tulip' tower planned for London's skyline

Image copyright Foster + Partners Image caption The building will be the tallest skyscraper in London’s financial district London’s had the Gherkin, the Cheese Grater and the Walkie Talkie and now, if the plans are approved, a new tower called the Tulip will join the skyline. At 305 metres high, it is set to be […]

Business

Australia's Fairfax gets green light to merge with Nine

Image copyright Getty Images Image caption The new entity will retain the Nine name only Australia’s Fairfax has got the green light from its shareholders to merge with television network Nine Entertainment in a massive shake-up of the nation’s media industry. Fairfax shareholders gave “overwhelming” support for the multi-billion dollar merger. The deal was possible […]

Business

'You'll fail a lot, but failure is hollow'

You’ll fail a lot but you’ll learn as an entrepreneur from your failures, says Mohamed Al Awadhi. Mohamed and his brother Peyman are serial entrepreneurs, with experience ranging from restaurants to video production – and they know a thing or two about launching a business in Dubai. Filmed and edited by Paul Blake See more […]