Business

Image copyright Getty Images Some of the world’s biggest oil producers are grappling with how to respond to the coronavirus outbreak, which has hit oil prices sharply. The price of crude has fallen by about a quarter since the virus began to spread internationally, with demand for oil expected to decline. Oil exporters’ group Opec […]

Image copyright PA Media A boardroom row has gone public after the founder of sub-prime lender Amigo quit the board and accused the company of “committing slow-motion suicide”. Amigo lends money to people with a poor credit rating, but who can offer family and friends as a back-up to guarantee any missed repayments. Major shareholder

Image caption Charlotte Hartley studies how cities can prise themselves away from dependency on oil and gas Climate change harms people, but policies to stabilise the climate can harm people too. The poorest are most likely to suffer from lost jobs in dirty industries and higher energy bills. Scotland has already abandoned coal and wants

Struggling airline Flybe has said coronavirus “made a difficult situation worse” after it went bust in the early hours of Thursday. The carrier was saved from going out of business earlier this year but has been unable to obtain a £100 million ($127 million) loan from the government. A drop in demand caused by coronavirus

Image copyright Getty Images John Lewis has cut staff bonuses to the lowest level in almost 70 years after seeing a sharp fall in annual profits. The retailer, which also owns supermarket chain Waitrose, will set bonuses at 2% this year – the lowest since 1953 when it paid no bonus. Its profits dived by

Media playback is unsupported on your device Media captionWhat advice would I offer my younger self? Things were looking bleak for Manny Medina’s tech company. With just two months’ worth of cash left in the business’s bank account, his three co-founders were giving up hope. While Manny, the chief executive, was pounding the streets of

Image copyright Getty Images Regional airline Flybe is expected to announce shortly that it has been unable to raise additional funding and is ceasing to operate. It leaves passengers having to find alternative ways to travel and out-of-pocket for fares. So what rights do Flybe’s customers have? Will I lose my flight booking? Yes, the

Image copyright Getty Images Image caption IMF managing director Kristalina Georgieva The International Monetary Fund has announced $50bn (£39bn) in funding for countries hit by the coronavirus. The organisation also warned that the outbreak had already pushed this year’s global economic growth below last year’s levels. The emergency measure came after the virus has spread

Image copyright Construction Photography/Avalon Image caption The government may ditch a plan to pay for new nuclear stations through a levy on energy bills Britain will miss its goal of net zero carbon by 2050 unless it finds a way to finance nuclear power stations, the nuclear industry has said. The industry sent a confidential

Image copyright BMW Three major car brands have launched new models exclusively online after the Geneva Motor Show was cancelled due to the coronavirus. If the unveilings are seen as being successful it could mark a shift away from big industry events. Audi, BMW and Mercedes-Benz have live-streamed new models on their own channels as