Business

Brexit: ‘Only an ambitious trade deal can protect car jobs’

Image copyright PA Media UK car production could be cut by more than a third if the UK withdraws from the EU without an “ambitious” trade deal, an industry body has warned. Analysis commissioned by the Society of Motor Manufacturers and Traders (SMMT) predicts that falling back on World Trade Organisation (WTO) rules would add

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Amazon shoe ‘strikingly similar’ to Allbirds model

Image copyright Allbirds Image caption Allbirds’ Wool Runners are made from New Zealand merino wool Amazon has been accused of creating a shoe “strikingly similar” to one designed by environmentally-friendly footwear manufacturer Allbirds. The shoe firm’s founders, Tim Brown and Joey Zwillinger, have written an open letter to Amazon boss Jeff Bezos. They said Allbirds

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Westpac bank chief quits amid money laundering scandal

Image copyright Reuters Image caption Brian Hartzer has stepped down as Westpac chief executive The boss of Australia’s second-largest bank, Westpac, has stepped down after the bank became embroiled in a money-laundering scandal with alleged possible links to child exploitation. Chief executive Brian Hartzer will finish up next Monday. Westpac was sued by Australian regulators

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Mini-bond marketing to regular savers banned by watchdog

Image copyright Getty Images Image caption Two businesses founded by TV presenter Kevin McCloud raised money through mini-bonds Marketing of high-risk investments – known as mini-bonds – to regular savers is to be banned by the City regulator. Armchair investors have been tempted by the returns promised on these speculative bonds, which were often much

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