Business

Chinese TV scraps plans to show NBA exhibition games

Image copyright Reuters Image caption The NBA’s largest store outside North America is in Beijing China’s state broadcaster has scrapped plans to show two US NBA basketball pre-season exhibition games, as the row over a team executive’s tweet in support of Hong Kong protesters grows. Houston Rockets boss Daryl Morley apologised after his tweet, from

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Hong Kong drops £32bn bid for London Stock Exchange

Image copyright Getty Images Image caption HKEX said it was “disappointed” it had been unable to engage with LSE’s management Hong Kong’s stock exchange has dropped its multibillion-dollar bid for the prized London Stock Exchange (LSE). The bid was worth £32bn ($40bn) and was dependent on the axing of the London exchange’s planned purchase of

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IFS: No-deal Brexit would push UK debt to 50-year high

Media playback is unsupported on your device Media captionGloomy post-Brexit forecasts ‘accurate’ Even a “relatively benign” no-deal Brexit would push UK debt to its highest since the 1960s, the Institute for Fiscal Studies has said. The think tank said borrowing would likely climb to £100bn and total debt would soar to 90% of national income.

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Can UK bookseller James Daunt revive Barnes & Noble?

Image caption James Daunt says the strategy for turnaround at Barnes & Noble is relatively simple James Daunt, credited with a turnaround at Britain’s biggest book chain, Waterstones, is plotting a similar strategy to address the troubles at America’s Barnes & Noble. In the 1990s, the company was king of America’s bookshops, a fast-expanding corporate

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