Business

Image copyright AFP Royal Bank of Scotland has swung to a loss in the third quarter after taking a hit from the cost of payment protection insurance. The Edinburgh-based bank, in which the government owns a 62% stake, added its investment bank had a “particularly challenging” three months. It reported a pre-tax loss of £8m […]

Image copyright Getty Images Carlos Ghosn’s lawyers have asked a Tokyo court to dismiss all the charges made against the former Nissan boss. Mr Ghosn, who was arrested last year over claims of financial misconduct, faces several charges in Japan. His lawyers also accused the Japanese government of conspiring against him, along with prosecutors and

Image copyright Getty Images Image caption What is Mario Draghi’s legacy? To be blunt, Mario Draghi doesn’t come across much like the hero in a video game. But he is sometimes named after one – Super Mario, a plumber who is the central character in a Nintendo game. The European Central Bank president has been

Image copyright Getty Images / Reuters Image caption Travis Kalanick, Elizabeth Holmes and Adam Neumann have all left the firms they founded The names of some business leaders are so closely associated with the companies they run that it’s almost unthinkable the firm could exist without its boss. It’s as hard to imagine Facebook without

Image copyright Getty Images The government is facing calls to overhaul its High Street policies after estimates were made of 85,000 retail sector job losses on a year ago. The British Retail Consortium made the estimate after the number of retail employees in the third quarter fell by 2.8% on a year earlier. This is

Image copyright Getty Images Image caption Mr Musk met Shanghai Mayor Ying Yong in January as work began on the new Gigafactory 3 Tesla shares have surged to their highest levels since February, after it told investors that manufacturing at its Chinese factory and plans for its next model were ahead of schedule. The firm

Kelly Grier, the U.S. chair and managing partner of Ernst & Young, acknowledged that a leadership training offered by the giant accounting firm contained offensive and inappropriate content in an email and video sent out to the company’s alumni and obtained by HuffPost. Grier was responding to a HuffPost report on the contents of a

Image copyright Getty Images Image caption Marcelo Claure, chief operating officer of Softbank, was named WeWork’s new board chair WeWork leaders have warned staff to expect major job cuts after a shake-up at the struggling co-working company. Softbank, the firm’s biggest outside investor, has agreed to invest billions in the firm after the collapse of

Image copyright AFP Facebook CEO Mark Zuckerberg has tried to reassure sceptical US lawmakers over the safety of the social network’s proposed digital currency Libra. At a fractious hearing in Washington, members of Congress attacked plans for the payment system, warning it could be abused by criminals and terrorists. Mr Zuckerberg was also challenged over

Image copyright Getty Images Metro Bank posted a loss for the first nine months of the year, following an accounting scandal and billions of pounds of customer withdrawals. The lender recorded a £3.6m loss for the period, compared with a £25.1m profit a year ago. It raised £375m from shareholders in May, after uncovering the