Business

Could high-flying drones power your home one day?

Image copyright Makani Image caption Makani’s unmanned tethered drone soars high while its propellers generate electricity A growing number of companies believe using tethered kites and drones is a viable way to harness the stronger and more consistent high-altitude winds. Could this tech release wind power’s full potential, or will it always remain a niche […]

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Oyo: India’s fast-growing hotel chain expands in Europe

Image copyright Getty Images Image caption Ritesh Agarwal founded Oyo in 2013 India’s fast-growing hotel chain Oyo will expand in Europe with the purchase of an Amsterdam-based vacation rental firm. Oyo will reportedly pay €369.5m ($415m; £317.9m) for @Leisure. The Indian firm has grown rapidly since its launch in 2013 and claims it is the

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Trump pick Stephen Moore drops out of Federal Reserve race

Image copyright Gage Skidmore Image caption Conservative pundit Stephen Moore was criticised for making sexist comments Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views. The US president tweeted that Stephen Moore, “a great pro-growth economist and a truly fine

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Whisky tourist site set to go ahead at former Frasers store in Edinburgh

Image copyright Diageo Image caption Artist’s impression of the planned Johnnie Walker “immersive visitor experience” Proposals to open a “world-class” whisky tourist destination in one of Edinburgh’s most prominent empty buildings is set to go ahead. Drinks giant Diageo’s plans for the former House of Fraser building at the west end of Princes Street are

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Bank warns of ‘more frequent’ rate increases than expected

Media playback is unsupported on your device Media captionBank of England governor, Mark Carney Interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021. But if there is a resolution

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Barclays sees off Edward Bramson as rebel investor concedes defeat

Image copyright Matt Greenslade Image caption Edward Bramson wants a seat on the board of Barclays A rebel investor has lost in his attempt to join the board of Barclays after a large majority of shareholders voted against the plan. Only 12.8% of shareholder votes backed Edward Bramson becoming a director at the bank’s annual

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Lloyds Banking Group sets aside further £100m for PPI

Image copyright Reuters Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits. Pre-tax profits for the first three months of the year were £1.6bn, unchanged from the same period a year earlier. The bank also warned that continuing Brexit uncertainty could have

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