Business

China’s ambassador to the UK has warned that excluding Huawei from Britain’s 5G network “sends a very bad signal”. Speaking to BBC’s Newsnight, Liu Xiaoming said Chinese businesses planning to invest in Britain may be put off dealing with the UK if Huawei’s equipment is not used for the network. It comes after Britain’s mobile […]

Image copyright EPA Image caption Plans for the mine have drawn protests across Australia Australia has given the final approval for construction to begin on a controversial coal mine to be built by Indian company Adani. The mine, in Queensland’s Galilee Basin, has been the subject of years of hold-ups over environmental approvals. But it

Image copyright Getty Images Image caption To break into the Soviet Union, Pepsi swapped its soft drink for vodka and even warships Bartering is one of the oldest ways of doing business in the world. The exchange of goods and services, it predates the use of money and is believed to have developed in the

Image copyright Getty Images Sir Philip Green has thanked landlords and suppliers who backed the deal that saved his retail empire. In an interview with the BBC, he batted away the suggestion the Topshop group had been on the point of going bust in typically combative style. “It didn’t come close to collapse – we

Image copyright Getty Images Almost two-thirds of homebuyers who used the government’s Help to Buy scheme could have bought a home without it, an official report has said. However, they may not have been able to buy the house they wanted without the help, the report from the National Audit Office (NAO) found. It also

Image copyright Bill Posters Image caption The deepfake clip features a computer-generated version of Mark Zuckerberg talking, blinking and moving his head for emphasis Facebook has said it will not remove a manipulated video of its chief Mark Zuckerberg from Instagram, in which he appears to credit a secretive organisation for his success. The clip

Image copyright Ford Motor Company Ford is recalling 1.2 million sport utility vehicles in the US over suspension issues that the car giant said could affect steering. The recall, which is expected to cost $180m (£140m), affects Ford Explorers made in the US firm’s Chicago plant between 2010 and 2017. Ford said one customer had

Volkswagen employees in Chattanooga, Tennessee, will decide this week whether to join the United Auto Workers and start bargaining for a contract, in an election that relitigates one of the highest-profile labor fights in years and gives the union a shot at redemption. Production workers will be casting ballots again after the UAW lost a

Image copyright Reuters Many UK businesses “are not even close to being ready for a no-deal” Brexit, figures seen by Newsnight suggest. In February, HMRC launched the Transitional Simplified Procedures scheme, aimed at easing imports in the event of the UK leaving the customs union and single market abruptly. Less than 10% of the firms

Image copyright Getty Images Image caption Topshop is considered the jewel in Arcadia’s crown Sir Philip Green’s Arcadia retail empire has been saved by a rescue deal that will trigger the closure of 48 stores and a thousand jobs. The plan, a Company Voluntary Arrangement (CVA), was approved by Arcadia’s creditors. After a week’s delay