Business

Image copyright Getty Images TSB is to close 82 branches next year as part of a plan by new chief executive Debbie Crosbie to make £100m of cost savings by 2022. The Spanish-owned bank has 540 branches and is trying to restore its reputation after last year’s huge IT failure, which hit 1.9 million customers. […]

Image copyright Getty Images Uber will not be granted a new licence to operate in London, Transport for London (TfL) has said. The regulator said the taxi app was not “fit and proper” as a licence holder, despite having made a number of positive changes to its operations. Uber originally lost its licence in 2017

Image copyright Getty Images Image caption Tiffany is known for its signature robin’s-egg blue packaging The world’s biggest luxury goods company is buying US-based jeweller Tiffany & Co for more than $16bn (£12.5bn). The deal gives LVMH’s billionaire owner Bernard Arnault a bigger slice of one of the fastest growing luxury sectors. He said Tiffany

Image copyright Disney Frozen 2 raked in $127 million (£98.9 million) in its opening weekend in the US, beating forecasts and the box office debut of the original Frozen. The sequel of the hit Disney classic also set a November record for an opening of an animated film. Frozen became a phenomenon in 2013, making

Image copyright Volodyne Image caption Early Lidar “spinners” were bulky devices It’s never good when a giant of the technology business describes your product as “a fool’s errand”. But that’s how Tesla’s chief executive Elon Musk branded the laser scanning system Lidar, which is being touted as the best way for autonomous cars to sense

Media playback is unsupported on your device Media captionSir Tim Berners-Lee said it was “really brazen”. The inventor of the World Wide Web has accused the Conservatives of spreading misinformation during the general election campaign. Sir Tim Berners-Lee described the renaming of a Tory Twitter account as a fact checking body as “impersonation”. “That was

Luxury fashion brand Loewe has pulled an outfit from its shelves after the ensemble was lambasted for its resemblance to uniforms worn by prisoners at Nazi concentration camps during World War II. The Spanish fashion house, which is owned by the LVMH luxury goods conglomerate, issued a statement Friday apologizing for the black-and-white striped outfit,

Image copyright Getty Images Two top energy firms say they have moved ownership of their UK operations overseas to protect themselves from Labour’s nationalisation plans. National Grid has opened offshore holding companies in Hong Kong and Luxembourg, while SSE has incorporated in Switzerland. It would not stop a government taking control of their operations but

Media playback is unsupported on your device Media captionWatch as Elon Musk laughs off the embarrassing incident Tesla has received almost 150,000 orders for its new pickup truck, boss Elon Musk has said, despite an embarrassing hiccup at its launch. Mr Musk was caught out on stage when the windows of the Cybertruck shattered during

Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to invest billions. Then, two years ago, she disappeared. Jamie Bartlett spent months investigating how she did it for the Missing Cryptoqueen podcast, and trying to figure out where she’s hiding. In early June 2016