Business

Image copyright Getty Images The Official Receiver is to announce this week that an investment arm of Turkey’s armed forces pension fund is the preferred bidder for British Steel. Ataer Holding would then be given several weeks to try to buy British Steel – the owner of the Scunthorpe works – out of insolvency. British […]

Image copyright Getty Images Facebook’s Mark Zuckerberg wants to launch a global currency and change the world of finance for billions of people. But many – including powerful politicians, bank chiefs and regulators – don’t like the idea one bit. Why? Libra, Facebook’s proposed new digital currency, is not receiving a balanced response. “I don’t

Image copyright Reuters Heathrow says strike action scheduled for 23 and 24 August has been postponed. A spokesperson for the airport said the decision had been made to allow union members time to consider its revised pay offer. The Unite union had warned of “summer travel chaos”, with walkouts scheduled on a number of days

Image copyright Getty Images Drugs firm Aspen is to pay £8m to the NHS after an investigation into the supply of a life-saving drug to thousands of patients. The Competition and Markets Authority (CMA) said the firm offered to make the payment following an investigation. The CMA said it suspects competition law was broken after

Image copyright Getty Images Germany’s economy shrank during the April-to-June period of this year. A decline in exports dampened growth, according to official data, which comes amid concerns of a global slowdown. Gross domestic product (GDP) fell by 0.1% compared with the previous quarter, according to the Federal Statistics Office. That takes the annual growth

Image copyright Getty Images FirstGroup is to take over the running of the West Coast mainline train route, connecting London Euston to Glasgow Central, from December. Along with Italian firm Trenitalia, FirstGroup said the route would pave the way for an era of high speed rail. First Trenitalia replaces Virgin Trains, which was barred from

Image copyright MondelezUK Image caption The Philadelphia cheese advert showed children being left on a restaurant conveyer belt Television advertisements from US food giant Mondelez and German carmaker Volkswagen are the first to be banned under new UK gender stereotyping rules. A ban on ads featuring “harmful gender stereotypes” or those which are likely to

Image copyright Getty Images Rail users in the UK are expected to be hit by a further rise in ticket prices which will come into effect next year. The increase will be based on the Retail Prices Index (RPI) inflation measure for July which will be announced on Wednesday. Analysts expect the figure to be

Image copyright Getty Images A new railcard offering half-price fares for 16 and 17-year-olds, aimed at those who travel to school or college by train, goes on sale on 20 August. The Department for Transport has announced that the 16-17 Saver card will cost £30 a year. It can be used on standard class journeys

Image copyright Getty Images Image caption Photo posed by model The government has been urged by the daughter of a man who took his life to stop the controversial tax policy which she says played a part in his death. She has called for the policy, known as the “loan charge”, to be suspended. More