Business

Image copyright Getty Images Stock markets across the globe are suffering their worst week since the global financial crisis of 2008. Asian markets have reacted badly as the coronavirus outbreak spreads across Europe and unsettles investors. On Wall Street, the Dow Jones index fell almost 1,200 points yesterday – its biggest daily points-drop in history. […]

Image copyright Gravity In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff – and personally took a pay cut of $1m. Five years later he’s still on the minimum salary, and says the gamble has paid off. Dan Price was hiking with

Image copyright Getty Images Image caption While western areas including Manchester are thriving, regions east of the Pennines are lagging behind, the study says An “east-west divide” has opened up in the number of start-ups created across the north of England, research reveals. Data suggests a larger number of start-up firms are thriving on the

Image copyright Getty Images Image caption Road building in previous decades was subject to less stringent environmental criteria Plans for a £28.8bn roads programme could be challenged in the courts for breaching the UK’s laws on climate change. The plans, due to be published next month, don’t take into account commitments on reducing emissions, the

Image copyright Getty Images More should be done to limit problem gambling, including toughening up oversight of the £11bn industry, the National Audit Office (NAO) has said. The body, which scrutinises public spending on behalf of parliament, called for better protection for “at risk” gamblers. It said the government should look at the way the

Image copyright Getty Images Staff at the chicken chain Nando’s claim they sometimes have to clean its restaurants without pay. Current and former Nando’s employees at multiple restaurants told the BBC they had to scrub cookers and disinfect toilets after being clocked out. One claimed the same mops were used in toilets and kitchens while

Image copyright PA Media Image caption JD Wetherspoon employs 45,000 people One of the UK’s biggest employers says staff will be subject to regular statutory sick pay rules if they self-isolate owing to coronavirus. Pub chain JD Wetherspoon, which has 45,000 employees, said the virus was being treated like any other illness. Under statutory sick

Image copyright Getty Images Global investors were hit with a sixth day of stock market losses on Thursday, as traders responded to the threat of the coronavirus. The string of declines pushed indexes in Europe and the US down more than 10% from their recent highs – sending them into so-called “correction” territory. In the

Image caption The work at Ely Junction was originally due to cost £25m, but the BBC understands it has risen to £500m The estimated cost of a major railway upgrade has risen to £500m, 20 times the original estimate. The upgrade to the Ely North junction, a connection point for East Anglia with London and

NEW YORK (AP) — Stocks fell sharply in early trading Thursday, extending a weeklong rout and bringing the Dow Jones Industrial Average 10% below the record high it hit just two weeks ago. Microsoft and Budweiser maker InBev became the latest large companies to warn investors about the virus’ potential hit to their finances. Meanwhile