Saturday, 30 September 2017

Three senior Tesco executives accused of 'cooking the books' as fraud trial begins

Three senior Tesco executives were "clearly dishonest" and had "cooked the books" at Britain's biggest retailer to mislead the stock market, a court has heard.

Monarch Airlines in emergency talks to secure package holiday licence by midnight

The future of Monarch, Britain's fifth-biggest airline, is hanging by a thread this weekend as it holds emergency talks with regulators about a temporary extension to its tour operator's licence.

Catalonia independence vote IT systems 'shut down'

Spain's foreign minister has insisted "there is no referendum" in Catalonia, as authorities claimed to have pulled the plug on the vote's IT systems.

Black cabs go green: Electric taxis on the way

It may look like any other London taxi, but this is actually an all-new electric model.

Asda recalls Little Angels baby food over a piece of plastic find

Asda is recalling a baby food ready meal after a piece of plastic was found in one of the products.

Manchester City striker Sergio Aguero injured in Amsterdam taxi crash

Manchester City striker Sergio Aguero has been injured in a serious car crash in the Netherlands.

Prime Minister Theresa May urged to halt Universal Credit rollout

Families could be left homeless and destitute if Theresa May insists on pressing ahead with Universal Credit, a former top adviser has warned.

Anger as Former German Chancellor Schroeder heads up Rosneft board

Former German Chancellor Gerhard Schroeder is facing a backlash after being elected chairman of the Russian state-controlled oil giant Rosneft.

Expects interest rate rise in 'relatively near term', Governor of the Bank of England says

Interest rates could rise in the "relatively near term" the Governor of the Bank of England has told the BBC.

Volkswagen diesel emissions fixing bill hits $30bn,

The diesel emissions cheating scandal will cost Volkswagen an extra $3bn (€2.5bn), because engines are proving "far more technically complex and time consuming" to adapt the company said.

Thursday, 28 September 2017

Interest rate rise should not be feared, says Bank of England economist

Britons should not fear higher interest rates, the Bank of England's chief economist has told Sky News, fuelling speculation that an increase is imminent.

Former oil firm Afren bosses face fraud charges after collapse

Two former executives of the collapsed oil firm Afren are facing money laundering and fraud charges.

Ryanair faces enforcement action by regulator for 'persistently misleading passengers'

Ryanair is facing "enforcement action" for failing to give customers accurate information about their rights following hundreds of flight cancellations.

Wolfgang Schäuble loses job in Angela Merkel coalition bid

After eight years as finance minister, Wolfgang Schäuble is to leave the post in the aftermath of the German election, as Chancellor Angela Merkel tries to build a new coalition.

Waitrose recalls four varieties of luxury chocolate bars over plastic fears

Waitrose is recalling four varieties of its luxury chocolate bars over fears they may contain pieces of plastic.

British film-maker 'killed by Islamic State in Syria'

Truck giant Scania hit with £770m fine by European regulators for price-fixing

One of the world’s biggest truck manufacturers has been handed a €880m (£770m) fine by European regulators for involvement in a price-fixing cartel.

Monday, 25 September 2017

Aldi sales soar but profits slip amid price war

Budget supermarket Aldi has reported record sales in the UK and Ireland despite a dip in profits amid a fierce price war in the sector.

German Chancellor Angela Merkel vows to win back right-wing voters

German Chancellor Angela Merkel has said she wants to win back the voters who deserted her party for right-wing nationalist AfD.

Uber boss apologises to London for 'mistakes we've made'

Uber boss Dara Khosrowshahi has apologised to Londoners for "mistakes we have made" and acknowledged that the company "must change".

Air Berlin pushes ahead with EasyJet and Lufthansa talks about a possible sale

Insolvent airline Air Berlin, Germany's second-largest carrier, is pushing ahead with talks with EasyJet and Lufthansa about a possible sale.

Corporate finance giant Deloitte hit by data breach

Corporate finance giant Deloitte suffered a cyber-attack that compromised confidential data, including the private emails of some of its clients, the company has confirmed.

Saturday, 23 September 2017

Earthquake recorded in North Korea suspected explosion, China's earthquake administration says

A magnitude 3.4 earthquake has been detected in North Korea, China's earthquake administration says.

Canada targets senior members Venezuelan officials with sanctions

Canada will impose sanctions against senior members of the Venezuelan government over their "anti-democratic behaviour".

UK must provide more clarity about its negotiating position on Brexit, French president says

The UK must provide more clarity about its negotiating position on Brexit, the French president has said.

Iran tests missile despite President Trump pressure

Iran says it has successfully tested a new-medium range missile, in defiance of US President Donald Trump.

China limits oil supply to North Korea and bans textile trade

China has moved to limit North Korea's oil supply and will stop buying textiles from the politically isolated nation, it said on Saturday.

Over 400,000 sign petition backing Uber in London

Hundreds of thousands of people have signed a petition calling for Transport for London to reverse its decision not to renew Uber's licence.

UK's credit rating downgraded

The UK's credit rating has been cut over concerns about the UK's public finances and fears Brexit could damage the country's economic growth.

Crack in dam ravaged by Hurricane Maria sparks Puerto Rico evacuations

Puerto Rico is facing renewed danger in the wake of Hurricane Maria, as the Guajataca Dam fails under the strain of weather damage and heavy rainfall.

UK chip designer Imagination bought by Chinese firm for £550m

UK technology firm Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm.

Uber London loses licence to operate, Transport for London says

Uber will not be issued a new private hire licence, Transport for London (TfL) has said.

Thursday, 21 September 2017

Co-op Group sells off last 1% stake in Co-op Bank

The Co-operative Group has sold off its final 1% stake in the Co-op Bank, meaning it no longer has any investment in the business.

Michael O'Leary announced plans for Ryanair to recruit 125 new pilots in 'the next week or two'

Ryanair's boss Michael O'Leary has announced plans for the airline to recruit 125 new pilots within 'the next week or two'.

Google expands smartphone business in $1bn HTC deal

Google has bought part of Taiwanese technology company HTC in an effort to further expand its smartphone business.

Tata Steel takes first step towards German industrial group Thyssenkrupp merger

Tata Steel and German industrial group Thyssenkrupp have signed a memorandum of understanding in what marks the first step towards a merger of the two companies.

SEC fears insider trading after system hacked in 2016, the body's chairman admitted

Hackers may have used information stolen from the US financial regulator to make "illicit gain" through insider trading, the body's chairman admitted.

Toshiba to sell chip unit for $18bn to plug losses

Toshiba has sold its prized semiconductor business to a group led by US private equity firm Bain Capital in a bid to keep its struggling business afloat.

At least 223 dead as toll of Mexico quake rises, government says

Rescue teams in Mexico are working round the clock to search for survivors of a devastating earthquake, with the number killed expected to top 220.

HTC shares suspended on Google takeover rumours

Shares in the Taiwanese smartphone firm HTC will be suspended from trading on Thursday amid rumours Google's parent Alphabet is planning a takeover.

Thomas Cook pilots to strike on Saturday

Pilots working for the travel group Thomas Cook will stage a strike on Saturday as part of a dispute over pay.

The RAF has killed more than 3,000 IS fighters in Iraq and Syria, Ministry of Defence figures reveal

RAF airstrikes in Syria and Iraq have killed more than 3,000 militants from so-called Islamic State, new Ministry of Defence figures reveal.

Wednesday, 20 September 2017

Theresa May threatens to withhold 30% of United Nations funding

Theresa May has warned the United Nations that Britain could withhold up to 30% of its £90m core funding each year unless the organisation reforms.

Tuesday, 19 September 2017

Mexico City earthquake : Dozens dead after 7.1 magnitude earthquake

Dozens of people have been killed and thousands have been forced on to the streets of Mexico City after an earthquake.

Millions braced for disaster as Hurricane Maria bears down on Puerto Rico

Caribbean countries still in the path of Hurricane Maria are bracing for a devastating natural disaster
on a scale "unseen for generations".

Third arrest over Parsons Green Tube terror attack

A third man has been arrested in connection with the Parsons Green terror attack that left 30 people injured.

China orders Bitcoin exchanges in capital city to close by 20 September

China is moving forward with plans to shut down Bitcoin exchanges in the country, starting with trading platforms in key cities.