Business

US bank Wells Fargo agrees $110m lawsuit settlement

Image copyright Ben Margot Image caption America’s biggest bank was fined $185m in September last year over the scandal US bank Wells Fargo has agreed to pay $110m (£88m) to settle a lawsuit brought by customers who had accounts opened in their name without their permission. The agreement comes after America’s biggest bank was fined […]

Business

Reality check: Your Brexit questions answered

Image copyright AFP Image caption When Prime Minister Theresa May has triggered Article 50, negotiations for Britain leaving the EU can start For Radio 4’s PM programme, the BBC’s Europe correspondent Kevin Connolly and assistant political editor Norman Smith are working with the BBC’s Reality Check team to answer your questions about what triggering Article […]

Business

BBC editors: The key issues

Image copyright Getty Images As the government prepares to trigger Article 50, what are the key areas that will need to be dealt with in the Brexit negotiations with Europe? Click on the links below for more detail. Immigration▼ Business▼ Security▼ Defence▼ Health▼ Education▼ Science▼ The environment▼ Farming and fishing▼ The economy: Kamal Ahmed, economics […]

Business

Fawlty language

By Matt Pickles . Image caption Fawlty Towers is helping prepare Japan for English-speaking Olympic visitors Japan is struggling to make sure it has enough proficient English speakers when it hosts the Tokyo Olympic and Paralympic Games in 2020. And the classic BBC comedy series Fawlty Towers is being deployed by some teachers in an […]

Business

Brexit Britain

Image copyright Getty Images With Article 50 set to be finally triggered, what are the options for the UK’s negotiators when it comes to trade? Well, for a start the government seems to have ruled out the two deals which were most popular with much of British industry, staying in the single market and/or staying […]

Business

EU negotiations

Prime Minister Theresa May is set to trigger Article 50 later, formally starting the process of the UK leaving the European Union. The next two years of negotiations will have far-reaching implications for British businesses and their staff. The three main areas companies will be watching in the Brexit talks are: migration, customs, and tariffs. […]

Business

Laptop cabin ban 'ineffective' says IATA

Image copyright Getty Images The US and UK ban on laptops in cabin baggage on certain flights will not be effective as a security measure, industry body IATA has said. In a strongly-worded speech, IATA chief executive Alexandre de Juniac said the ban also creates “commercial distortions”. The US ban was brought in as an […]

Business

Ford to invest $1.2bn in Michigan plants

Image copyright Reuters Ford has said it will spend $1.2bn (£1bn) as part of a planned upgrade of three Michigan plants. It said $850m will be spent on retooling its factory in Wayne where Ford plans to build Bronco and Ranger models. In addition, Ford will create 130 jobs at its Romeo engine parts plant, […]

Business

China's Tencent buys 5% stake in Tesla

Image copyright Getty Images Chinese tech giant Tencent has spent $1.78bn (£1.4bn) on buying a 5% stake in electric carmaker Tesla. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tesla said the stake was passive, meaning Tencent would not […]

Business

Plumbing firm Wolseley bolsters FTSE

Image copyright AFP Shares in plumbing goods supplier Wolseley bolstered the market, jumping nearly 6% after the company reported a big rise in profits. Group trading profit rose 25% to £515m for the six months to 31 January. Wolseley also said it was changing its name to Ferguson, which is its main US brand. The […]

Business

Price comparison sites given thumbs up by regulator

Image copyright Go Compare Image caption The regulator’s update says there is no need for a full-scale market investigation Price comparison websites and apps bring “substantial benefits” to consumers, says the Competition and Markets Authority (CMA). It launched a study of digital comparison tools (DCTs) last September, to see how they could be improved. The […]