Business

Image copyright Erin Phillips “I was sitting with the girls talking about buying our first houses and how we would manage. “I wasn’t too worried, because my credit score was quite good. The next time I checked, it had nearly halved,” Erin Phillips says. The 21-year-old student prides herself on being organised, with monthly payments […]

Image copyright APple A US financial regulator has opened an investigation into claims Apple’s credit card offered different credit limits for men and women. It follows complaints – including from Apple’s co-founder Steve Wozniak – that algorithms used to set limits might be inherently biased against women. New York’s Department of Financial Services (DFS) has

Image copyright Clintons Greetings card chain Clintons is considering shop closures and rent cuts as part of a survival plan. The retailer, which has about 2,500 staff, is in restructuring talks with landlords in another sign of the High Street crisis. A spokeswoman told the BBC no decisions have yet been made. Clintons was responding

Image copyright Reuters The world’s most profitable company has published more details about its planned stock market flotation. Oil giant Saudi Aramco’s long-awaited prospectus said individual retail investors will have a chance to buy shares as well as big institutions. But the 600-page prospectus did not say how much of the Saudi firm would be

Image copyright Getty Images Image caption Shadow chancellor John McDonnell has criticised a report published by the Tories A spending row has broken out after the Conservative Party published what it claims would be the cost of a Labour government over five years. The report, compiled by the party and not the Treasury, is based

Image copyright Andre Armenian Owning their own home feels like a distant dream for Andre Armenian and his fiancée Siân Webb. But they are determined to get on the housing ladder and are making big sacrifices to take that step. For a start, says Andre, personal circumstances mean they save more of their wages by

Image copyright PA Media The UK’s credit rating could be downgraded, according to ratings agency Moody’s, which says Brexit has caused “paralysis in policy-making”. It has changed the outlook on the UK’s current rating – which is a marker of how likely it is to pay back its debts – from “stable” to “negative”. Moody’s

Image copyright Getty Images A WeWork shareholder has taken the company to court over the near-$1.7bn (£1.3bn) leaving package approved for ousted co-founder Adam Neumann. Her lawsuit says the money granted to Mr Neumann is “beyond comprehension” and is “improper”. It accuses Mr Neumann and WeWork investor Softbank of abusing their control of the company

Image copyright EPA Image caption Acting Prime Minister Pedro Sanchez has called Spain’s fourth election in four years Voters are going to the polls in Spain on Sunday, in an election overshadowed by the crisis in Catalonia and the rise of the right-wing Vox party. But Spain is now also facing an uncertain economic outlook,

Image copyright Getty Images The European Union should halt funding of oil, gas and coal projects, EU finance ministers said, potentially cutting €2bn (£1.7bn) of yearly investments. The finance ministers called upon the European Investment Bank (EIB), the EU’s financing department, to cut its funding. Previously, they had only called for coal projects to be