Business

Image copyright Getty Images A £104m deal has been agreed to buy two Scottish wind farm projects which have yet to start construction. Greencoat UK Wind will purchase the Windy Rig and Twentyshilling schemes in Dumfries and Galloway from Statkraft upon completion. Work is expected to start shortly with target dates in 2021 for the […]

Image copyright Getty Images Frustrated customers of HSBC have faced difficulty accessing online and mobile services owing to two separate IT glitches. The first occurred just after 20:00 GMT on Thursday, and was fixed about three hours later. The bank’s Twitter staff joked that “the elves had just got out in our server rooms and

Image copyright Reuters Image caption Didier Lombard had denied his reforms led staff to take their own lives The ex-boss of France Télécom and two former executives have been jailed over a moral harassment policy linked to suicides among employees in the 2000s. Didier Lombard was jailed for a year, as were Louis-Pierre Wenès and

The 121st governor of the Bank of England has been named as Andrew Bailey. It’s a job that can affect the everyday finances of people across the UK. So what does it involve? What is the Bank of England? The Bank of England is the UK’s central bank. Unlike High Street banks, a central bank

Image copyright Reuters After a lengthy search for the next Bank of England governor, the Treasury has gone back to the candidate it first thought of. As far back as June, Andrew Bailey was being spoken of as the favourite for the job. However, his time as head of the City watchdog, the Financial Conduct

Image copyright Getty Images Volkswagen (VW) has been slapped with a record fine by Australia’s consumer watchdog to settle lawsuits over the carmaker’s global emissions scandal. The A$125m ($86m; £66m) penalty is the highest ordered by a court for breaches of Australian consumer law. VW has been hit with a flurry of legal action since

Image copyright Grimshaw Architects Image caption An architects’ visualisation of Heathrow’s planned expansion Heathrow has said its project to build a third runway has been delayed by “at least 12 months” after the aviation regulator rejected its spending plans. The Civil Aviation Authority (CAA) has refused Heathrow’s request to lift spending from £650m to £2.4bn

Image copyright Stephen Darby Image caption Desert sand is too smooth and fine to bind to make concrete, so sand is removed from the beds of rivers, such as the Mekong A crisis is engulfing the Mekong River, its banks are collapsing and half a million people are at risk of losing their homes. The

Image copyright Getty Images Andrew Bailey has emerged as the frontrunner to become the next Governor of the Bank of England. An announcement by the Treasury, which is in charge of the appointment, is expected on Friday. Mr Bailey, 60, is currently chief executive of the Financial Conduct Authority (FCA), the City watchdog. If named,

Image copyright Getty Images The government has set out plans for a new law which aims to reduce disruption to passengers caused by rail strikes. Under the legislation, minimum services would have to be provided during walkouts by railway workers, with the threat of financial penalties. The RMT union called the proposed law “a draconian