Business

Image copyright Getty Images If parents can afford to give pocket money to their children, then much more often than not they will pay them in cash. One survey suggests that 84% of British parents give notes and coins to their children, typically an allowance – including some discretionary spending – of £7 a week. […]

Image copyright Getty Images The National Trust has announced that it will sell off the shares it holds in fossil fuel companies. At present, 4% of its £1bn stock market investment is in such firms. The Trust, the biggest conservation charity in Europe, said it wanted to invest in green start-ups and portfolios that benefited

Image copyright Reuters Image caption Nike’s ‘racist trainers’ have been attracting sky-high bids online It is a new day in the Nike “racist trainer” furore and no-one has – as yet – set fire to their own shoes. However, the controversy has reignited the anger at the heart of America’s gaping political divide. Ahead of

An uncrewed robotic surface vessel that can deploy and recover autonomous underwater vehicles (AUV) has been developed. The team behind the technology, GEBCO-NF, won this year’s Shell Ocean Discovery XPRIZE which looks for the best new technology to map the seafloor. The team say the $7m (£5.5m) prize money will help fund their future ocean

Image copyright Getty Images Image caption All 157 passengers and crew were killed when flight ET302 went down shortly after take-off Boeing is giving $100m (£80m) to help families affected by the two crashes of the company’s 737 Max planes in Indonesia and Ethiopia. The payment, stretching over several years, is independent of lawsuits filed

Image copyright Nike US political heavyweight Mitch McConnell has waded into the “racist trainer” row with a call for Nike to reverse a decision to halt sales. “I’ll make the first order,” the Republican Senate majority leader promised if Nike changes its mind. The special-edition Fourth-of July trainer features an old US flag that some

Image copyright Getty Images The Long Island Iced Tea Company, as its name suggests, was in the business of selling beverages. And not as many as it might have liked: it lost nearly $4m (£3.2m) in the third quarter of 2017. Then the company announced that it would henceforth be known as the Long Blockchain

Image copyright University of Cambridge Image caption Bitcoin uses about as much energy as Switzerland Bitcoin uses as much energy as the whole of Switzerland, a new online tool from the University of Cambridge shows. The tool makes it easier to see how the crypto-currency network’s energy usage compares with other entities. However, one expert

Image copyright Reuters Image caption Mr Iacocca, pictured at a Chrysler briefing in 1991 Lee Iacocca, the car industry legend who created the iconic Ford Mustang and saved Chrysler from bankruptcy, has died at the age of 94. He died at his home in Los Angeles from complications from Parkinson’s disease, a family spokeswoman told

Image copyright EPA Outspoken economist Nouriel Roubini, nicknamed Dr Doom for his gloomy warnings, has caused a stir with his latest attack on Bitcoin and its fellow cryptocurrencies. Prof Roubini, who foresaw the financial crisis, says Bitcoin is “overhyped”. At a summit in Taiwan on Tuesday, he likened it to a “cesspool”. But his sparring