Image copyright Highview Image caption An artist’s impression of Highview’s planned energy storage facility It sounds like magic but it is real – a plan to store cheap night-time wind energy in the form of liquid air. Here is how: you use the off-peak electricity to compress and cool air in a tank, so it […]
How liquid air could help keep the lights on Read More »
Image copyright Getty Images Public sector borrowing has risen by a fifth during the first half of the financial year, official figures show. Borrowing for the six months to September has now hit £40.3bn, up £7.4bn from the same period in 2018. In the month of September, borrowing was £9.4bn – slightly lower than expected
UK government borrowing up by a fifth over past six months Read More »
Image copyright Reuters Image caption Rules state exit summary declarations are needed when goods leave the EU’s customs territory Firms in Northern Ireland will have to submit declaration forms for goods heading to the rest of the UK, under the government’s Brexit deal. Brexit Secretary Steve Barclay was forced to make the admission after initially
Brexit deal: NI firms must declare goods heading to rest of the UK Read More »
Image copyright Getty Images Image caption Sunday Riley, founder of the eponymous skincare line Sunday Riley, the founder of the eponymous skincare brand, has been reprimanded for telling staff to write fake product reviews to boost sales. The US Federal Trade Commission (FTC) found Ms Riley directed staff to post on beauty retailer Sephora’s website.
Skincare firm Sunday Riley avoids fine for staff’s fake reviews Read More »
Image copyright Getty Images Home rentals site Airbnb has warned a tax inquiry by HM Revenue & Customs could lead to legal proceedings. A note in newly filed accounts for Airbnb UK said it had been contacted by HMRC over “tax laws or regulations impacting the company’s business”. “The company is also subject to tax
Airbnb probed by UK tax authorities Read More »
Image copyright Getty Images Image caption Xiaomi entered the Indian market in 2015 Chinese tech company Xiaomi has come to dominate India’s massive low-cost smartphone market in a few short years. The BBC’s Krutika Pathi talks to tech experts to understand just how that happened. Fifteen minutes – that’s how long it took for Xiaomi’s
Xiaomi: The Chinese brand dominating India’s smartphone market Read More »
Image copyright Vivien Godfrey Image caption Vivien’s family has owned Stanfords since 1946 The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Vivien Godfrey, chief executive of maps and travel books retailer Stanfords. You’d imagine that any secret service worth its salt would be interested
The map store boss who took the long route Read More »
Image copyright Getty Images Image caption Exxon is accused of misleading investors about the potential cost of financial regulation An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to
Exxon accused of misleading investors on climate change Read More »
Image copyright Getty Images China has the world’s largest number of “unicorns,” privately-held start-up firms valued at more than $1bn ($771m), according to a new report. The country has produced 206 unicorns while the US has 203, the Hurun Institute report showed. Together the two countries are home to 83% of the world’s unicorns. It
China has more ‘unicorn’ start-ups than the US Read More »
Image copyright Getty Images Image caption Former Thomas Cook staff protest in London after the company went into liquidation Audit firm EY, which signed off on Thomas Cook’s financial health before its collapse, also wrote a report used to award its former boss a £5m bonus. The bonus, paid to former boss Manny Fontenla-Novoa, followed
Thomas Cook used its auditors to justify £5m bonus Read More »
