Business

Image copyright Getty Images Hundreds of millions of pounds of care home fees paid by residents and local authorities are never reaching frontline services, claims a report. The Centre for Health and Public Interest has revealed £1.5bn a year “leaks out” through rental payments, interest on loans, and profits. The figure is 10% of the […]

Image copyright Getty Images Image caption Pensions have been stolen or put into high-risk schemes Degree-educated savers are more at risk of losing their pension to fraudsters than those without the qualification, a survey by regulators has suggested. Fraudsters often target those with larger pension pots, but also find a route to their victims by

China and the United States have agreed to lift some existing tariffs on each others’ goods, according to Beijing. China had insisted that tariffs had to go before it would agree to the so-called phase-one trade being negotiated between the two countries. But tensions between the two go far deeper than the current trade war.

Image copyright Getty Images Image caption President Trump and China’s Vice-Premier Liu He shake hands on an initial trade deal There are increasing hopes in Washington and Beijing that an agreement to help resolve the US-China trade war could soon be in sight. But this is a rivalry between two superpowers that is about much

Image copyright Getty Images Profits at Sainsbury’s have been almost wiped out for the first half of the year after being hit by costs relating to store closures. In September, Sainsbury’s said it would shut a number of stores, including many Argos outlets as it moves the brand into its supermarkets. The supermarket group said

TikTok is thought to have about half a billion active users worldwide, with a large percentage in their teens or early 20s. The short-form video app has become a fertile birthing ground for memes, many of them music-related. One example involved users and their pets switching into cowboy and cowgirl clothing at a certain point

Image copyright AFP The US and China have agreed to roll back tariffs as part of any new trade deal, the two sides have said. The statements come amid rising hopes that the two countries will sign a pact that declares an end to a trade fight that has disrupted the global economy. Officials have

Image copyright Getty Images Bill Gates has become the latest billionaire to express concern for presidential hopeful Elizabeth Warren’s plan for a new tax on the super-rich. At a conference, the philanthropist and Microsoft founder said it would stifle business innovation in America. Ms Warren, a Democratic front-runner in the 2020 presidential race, has offered

Image copyright Getty Images Samsung has announced that Netflix will no longer be supported on some of its older smart TVs. From 1 December, the Netflix app will no longer work on some 2010 and 2011 models due to “technical limitations”. Seven older Roku streaming sticks will also no longer support Netflix from December, Roku

Image copyright Reuters Image caption Millionaire investors can buy Cyprus passports – a gateway to the EU The Cyprus government says it will revoke the “golden passports” bought by 26 rich foreign investors and family members from outside the EU. Interior Minister Constantinos Petrides did not name the individuals involved. Reports say they include nine