Business

Image copyright Getty Images Image caption Recruiters are still using social media to find people to write fake reviews, says Which? Facebook is failing to shut down groups on its site where fake Amazon reviews are sold, consumer group Which? claims. Facebook was urged in June by the Competition and Markets Authority to probe the […]

Image copyright PA Image caption Paper straws were brought in to replace the plastic ones McDonald’s new paper straws are fully recyclable, its makers have said. It follows the fast-food giant saying the thickness of the straws made it difficult for them to be processed and they should be put in general waste. McDonald’s switched

Image copyright Getty Images Fashion designer Katharine Hamnett has called proposals by MPs to impose a 1p fashion tax on the industry “stupid”. She told the BBC that taxing retailers for fast fashion would be “like putting a plaster on a septic wound”. Ms Hamnett fears that the garment industry would end up paying workers

Image copyright Getty Images Image caption Barneys has faced a steep rent hike at its flagship Manhattan store US luxury department store chain Barneys New York has filed for Chapter 11 bankruptcy and put itself on sale. The firm has faced soaring rents and was unsuccessful in its earlier attempts to find a buyer. Barneys

Image copyright Reuters Image caption Taylor Swift is one of the artists on Universal’s music label Vivendi is set to sell a 10% stake in the Universal Music Group (UMG) to Chinese tech group Tencent. Universal – the world’s biggest music company – already has its content streamed by Tencent in China as the result

Image copyright Family handout Image caption Victoria Smith died last July, before a tribunal overturned the decision to stop her benefit Benefit-assessment company Capita is going to court to try to reverse the “reputational damage” it says it suffered after a claimant died. Victoria Smith died months after her personal independence payments were stopped following

Fashion firm Boohoo has confirmed that it has made an offer to acquire the online business of UK brands Karen Millen and Coast. Boohoo, an online-only retailer, said acquiring the website operations of the two brands “would represent highly complementary additions”. But it said there was no guarantee that any deal would be done. High

Aug 6 (Reuters) – U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York Times reported early on Tuesday. Barneys struck a deal for $75 million in additional financing with two firms, Gordon Brothers and Hilco Global, to help

Image copyright Getty Images China’s currency has weakened to its lowest point in more than a decade, prompting the US to label Beijing a currency manipulator. The US move came on Monday, after the currency fell below 7 yuan to the US dollar for the first time since 2008. Beijing has previously sought to prevent

Image copyright Andela Image caption Christina Sass (left) with Andela employees Christina Sass learned at an early age to spot talent in new places. She went on to found Andela, a firm that recruits software engineers in Africa. One autumn, at the start of a new school term, she found half of her class had