Business

Image copyright Getty Images Image caption A number of international airlines are re-routing flights around parts of Iranian airspace A number of airlines are cancelling flights or re-routing them away from Iran after a US drone was shot down in the Strait of Hormuz. Iran confirmed it had shot down the drone, saying it had […]

Image copyright Reuters US supermarket giant Walmart has confirmed it uses image recognition cameras at checkouts to detect theft. The cameras identify when items are put in a shopping bag without first being scanned by a cashier, or at the self-service checkout. Walmart told the news site Business Insider than it used the technology in

The Bank of England’s governor has explained how Facebook’s plans for a new digital currency could be controlled. Mark Carney told Today that the major banks and financial institutions would need to have “direct regulatory oversight”, and it couldn’t be owned by Facebook or a group of technology companies. Facebook unveiled details about Libra this

Image copyright ardenpersonnel_jobs/Instagram Image caption Meet Penny and Champ, a West Highland White Terrier and a Maltese/miniature Poodle mix You know why you clicked on this link. You are here because you want to see some funny pictures of dogs looking serious and standing on keyboards. Well, we have got them, but we have also

Image copyright Getty Images The former chief executive of Barclays, John Varley, has been acquitted of charges of conspiracy to commit fraud. The Court of Appeal declined an application by the Serious Fraud Office to overturn a decision by Mr Justice Robert Jay that there was insufficient evidence against Mr Varley. However, the court upheld

Image copyright Getty Images The chief executive of Hornby has said the company was in “chaos” when he took over almost two years ago. Lyndon Davies, who was appointed in October 2017, said that the senior management had to be removed as they did not understand the business. Hornby is best known for its model

Image copyright Getty Images Bank of Scotland has been fined £45.5m for failing to alert authorities to possible incidents of fraud. The fine relates to suspicious conduct by the Impaired Assets team in 2007 and in particular the activities of its director, Lynden Scourfield. The Financial Conduct Authority (FCA) said the bank knew he had

Image copyright Getty Images Image caption The past decade has seen a huge surge in wind and solar capacity For the first time since the Industrial Revolution, Britain is obtaining more power from zero-carbon sources than fossil fuels. The milestone has been passed for the first five months of 2019. National Grid says clean energy

Image caption The Northern Powerhouse aims to encourage growth outside London and south-east England The Northern Powerhouse is being “undermined” by austerity despite signs of economic growth, a think tank says. Five years since its launch, Greater Manchester mayor Andy Burnham said the project was at risk of “fizzling out”. The Institute of Public Policy

Media playback is unsupported on your device Media captionBusinesses ‘not fully ready’ for no-deal, says Carney About 150,000 businesses still do not have the paperwork they need to keep exporting to the EU in the event of a no-deal Brexit, Mark Carney has said. The Bank of England governor added that many had built up