Business

How interchangeable parts revolutionised the way things are made

Image copyright Getty Images One sweltering afternoon in July 1785, officials, dignitaries and a few infuriated gunsmiths gathered at the Château de Vincennes, a splendid castle to the east of Paris. They were there to see the demonstration of a new type of flintlock musket designed by Honoré Blanc, a gunsmith from Avignon so despised

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IMF boss Kristalina Georgieva warns of ‘painful’ Brexit

Image copyright AFP Image caption Brexit will have ‘spillover’ effects on other economies, says IMF managing director Kristalina Georgieva The new head of the International Monetary Fund has warned that Brexit in whatever form will be “painful”, adding to the effects of a global slowdown. Kristalina Georgieva said the split will hurt not only the

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Triumph Furniture of Merthyr Tydfil folds with 252 job losses

Image copyright Google Image caption The company operates over two sites in Merthyr Tydfil county borough A furniture company has gone bust with 252 job losses after reporting “a catastrophic collapse in orders”. Triumph Furniture of Merthyr Tydfil, which has bases in the town and Dowlais, supplied more than 600 furniture sellers, as well as

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