Business

Real pay cut for millions since 2010, TUC study suggests

Image copyright Getty Images Image caption The TUC said construction jobs were among the middle-income roles which were squeezed Pay rates have effectively fallen for the UK’s lower and middle income earners since 2010, research suggests. Workers in jobs paying between £9.56 and £12.73 an hour have seen their “real” wage fall 1% since 2010

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Amazon Alexa devices made by Chinese teens ‘working through night’ – reports

Image copyright Getty Images Image caption China Labor Watch say “interns” made up 20% of a factory’s workforce Amazon has pledged to investigate allegations that hundreds of teenagers are working illegal hours at a Chinese factory producing its Alexa devices. A new report by China Labor Watch claims more than 1,500 “interns” were manufacturing the

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Goldman bosses charged in Malaysia bond scandal

Image copyright Reuters Malaysia has charged 17 former and current Goldman Sachs bankers – including Richard Gnodde, the most senior banker in London – over the corruption investigation at its state development fund 1MDB. Attorney General Tommy Thomas said custodial sentences and criminal fines would be sought against those charged. Goldman helped raise $6.5bn (£5.4bn)

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Brexit panic not justified, says ex-Trump adviser Stephen Vaughn

Media playback is unsupported on your device Media captionUK shouldn’t be afraid of US farm exports, says former Trump adviser A former top trade adviser to US President Trump has told the BBC “there is a level of panic” around Brexit “that is not justified”. Stephen Vaughn, who served as acting trade representative before becoming

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Uber shares tumble as profit figures disappoint Wall Street

Image copyright Reuters Uber’s shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations. Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss. Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said

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