Business

Image copyright Getty Images Image caption Intu owns the Trafford Centre in Manchester The owner of some of the UK’s biggest shopping centres, Intu, has said there are doubts that it can survive unless it raises extra funds. Its comments came as the firm – which owns Manchester’s Trafford Centre and the Lakeside complex in […]

The White House’s nascent effort to bail out oil and gas producers struggling with plunging oil prices could become a political boondoggle, legal and industry experts say, given the difficulty of finding congressional support for offering federal dollars to an industry plagued by reckless financing and devastating effects on the climate. The price war that

Image copyright Getty Images Online betting firm Betway has been hit with a record penalty of £11.6m for failings over customer protection and money-laundering checks. The Gambling Commission said Betway failed to check the source of funds of one customer who deposited over £8m and lost over £4m in a four-year period. It also failed

Image copyright Getty Images Image caption Assessing the social and environmental effects of large-scale dams is complicated Not far from Cairo stood a remarkable dam, the Sadd el-Kafara, more than 100m long, and 14m high, and able to store about half a million cubic metres of water. These statistics are modest, by modern standards –

Image copyright Getty Images Uber will suspend the accounts of drivers and delivery people affected by coronavirus – but has offered financial assistance to help them cope. The company said those either diagnosed with Covid-19 or having to self-isolate would receive aid for up to 14 days while their accounts were blocked. Some drivers had

Image copyright Getty Images Chinese airline passenger numbers slumped by 84.5% last month, highlighting the huge economic impact of the coronavirus outbreak. China’s aviation regulator said on Thursday that the drop has caused a 21bn yuan (£2.35bn) fall in revenue. Earlier this week the Chinese government announced fresh measures to support its struggling carriers. The

Hakan Bulgurlu leads Arçelik, a multi-billion dollar white goods company which owns the Beko and Grundig brands. He puts his success in life down to lessons he learned selling gold in a Turkish bazaar. Film by digital business reporter Dougal Shaw. Find more business tips at CEO Secrets. You can also follow the series on

Image copyright AFP Asian stocks traded sharply lower on Thursday after President Donald Trump suspended all travel to the US from mainland Europe in a bid to slow the spread of the coronavirus. It followed steep losses on Wall Street, with the Dow Jones plunging by almost 1,500 points, or 5.8%. The Dow is now

Image copyright Getty Images A well known insurance brand has temporarily abandoned selling travel insurance as a result of the spread of coronavirus. LV= said it had decided to stop selling the cover rather than hike prices. The company said it had seen a doubling in the number of policies sold over the last couple

Image copyright Getty Images Sales of no or low alcohol beer are up 30% since 2016, as 18-24 year olds increasingly shun alcohol. “Nolo” alcohol is set to be one of the driving trends of 2020, according to the craft brewers’ trade organisation. It says growing health consciousness has prompted almost one in four young