Business

Media playback is unsupported on your device Media captionIn Scunthorpe, residents fear the town will “shut down” if British Steel collapses The future of 5,000 British Steel workers remains uncertain as its owners continue to lobby for government backing. The UK’s second-biggest steel maker had been trying to secure £75m in financial support to help […]

Image copyright Getty Images Image caption Dan Bricklin, inventor of the first spreadsheet In 1978, a Harvard Business School student named Dan Bricklin was sitting in a classroom, watching his accounting lecturer filling in rows and columns on the blackboard. Every time the lecturer changed a figure, he had to work down and across the

Image copyright Jamie Oliver Restaurant Group Image caption Mr Oliver shot to fame 20 years ago Celebrity chef Jamie Oliver has said he is “devastated” after his restaurant group went into administration, with 1,000 jobs being lost. The group, which includes the Jamie’s Italian chain, Barbecoa and Fifteen, has appointed KPMG as administrators. Twenty two

Image copyright Getty Images The pound has fallen to its lowest level for five months just as many UK holidaymakers get ready to head off for the late-May half-term break. Against the US dollar, the pound fell below $1.27 for the first time since January on Tuesday. It was also down slightly against the euro.

Image copyright Getty Images Tesco Bank is stopping new mortgage lending and is looking for ways to sell its existing mortgage portfolio. The bank, which started offering mortgages in 2012, has more than 23,000 mortgage customers, who have total lending balances of £3.7bn. Tesco Bank chief Gerry Mallon said: “In recent years, challenging market conditions

Image copyright Greenpeace Image caption The activists are calling on BP to end exploration for oil and gas Climate activists inside five large containers have blocked the entrances to BP’s head office in central London. The Greenpeace protesters used cranes to transport the heavy boxes into place at St James’s Square in the early hours

Image copyright Getty Images US car giant Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs. The plan will reduce Ford’s workforce by 10% and will be made through both voluntary and forced redundancies, according to the firm. Ford said the plan, which includes

Media playback is unsupported on your device Media captionYoung people in Singapore say they are now wary of buying Huawei phones Google has barred the world’s second biggest smartphone maker, Huawei, from some updates to the Android operating system, dealing a blow to the Chinese company. New designs of Huawei smartphones are set to lose

Image copyright Getty Images Japan’s economy unexpectedly grew in the three months to March, shrugging off forecasts for a contraction in the world’s third largest economy. The economy grew at an annualised 2.1% in the period, preliminary gross domestic product (GDP) data showed. That beat analyst expectations for a 0.2% contraction, as imports fell faster

With voting completed, India is now waiting to see who will be its next prime minister. Over the course of five weeks, hundreds of millions of Indians across the country took part in the historic election – not just because it’s the largest democratic exercise ever, but also because it’s the world’s most expensive. So,