Business

Image copyright OneLife/OneCoin/YouTube Image caption Konstantin Ignatov has pleaded guilty Konstantin Ignatov, the brother of “missing cryptoqueen” Dr Ruja Ignatova, has admitted his role in the OneCoin crypto-currency fraud. Ignatov pleaded guilty to several charges, including money laundering and fraud. OneCoin and the disappearance of its co-founder, Dr Ruja Ignatova, have been the subject of […]

Image copyright Getty Images Luxury carmaker Mercedes-Benz is to cut jobs with the aim of making more than €1bn (£840m) in savings by the end of 2022, its owner Daimler has said. The cuts – which reports say will lead to more than 1,000 jobs being lost – come as the carmaker faces challenges from

Image copyright Getty Images Sportswear retailer Nike is to stop sales through Amazon so it can focus on selling directly to customers. Nike said it would continue to invest in “distinctive” partnerships with other retailers and platforms. It marks the end of a pilot that Nike began with Amazon in 2017. According to Bloomberg, Amazon

Image copyright Getty Images Luxury fashion house Burberry has said sales in Hong Kong have fallen sharply following the violent protests in the city. It said it expected sales to “remain under pressure” in Hong Kong, one of the key markets for its business. The anti-government protests have gripped Hong Kong for five months and

Image copyright Getty Images In the 1950s, the New York subway faced a problem that will be familiar to users of public transport all over the world. At peak times, it was overcrowded; at other times, the trains were empty. The mayor commissioned a report, which concluded the problem was subway riders paid a flat

Image copyright Getty Images Image caption For the first time, Facebook includes figures on Instagram Facebook has released the latest figures in its efforts to remove harmful content from its platforms. They reveal 11.6 million pieces of content related to child nudity and child sexual exploitation were taken down between July and September 2019. For

Image copyright Getty Images Image caption Google is expanding its financial offerings Google has become the latest tech giant to announce a new financial product for users – this time, current accounts. The firm said it plans to partner with banks and credit unions in the US to offer the “smart checking” accounts. It said

Image copyright Getty Images Women should have the right to know what their male colleagues are being paid if they suspect pay discrimination, a gender equality charity has said. The Fawcett Society is calling for a change in the law to try to cut down on instances of unequal pay. But men can help by

Image copyright Katie Holden Image caption “What does an 18-year-old re-usable cloth nappy look like after it has been through nine children? Like this.” My Money is a new series looking at how people spend their money – and the sometimes tough decisions they make. Here, Katie Holden from Bradford, records her spending over a

Image caption John Remblance says the business has to adapt to staffing costs Money is everywhere in the amusement arcades on Southend’s seafront: being fed into slot machines, paid out in jackpots, or hanging over the edge of penny fall games. When running a business like this, the money that really matters is staff wages.