Business

Image copyright Getty Images Campaigners have called for Chancellor Rishi Sunak to save banknotes and coins, saying without urgent new laws the cash system could collapse within a decade. They want Mr Sunak to take action in his first Budget on 11 March. “We must ensure the shift to digital doesn’t leave millions behind or […]

Image copyright Getty Images Low-skilled workers would not get visas under post-Brexit immigration plans unveiled by the government. It is urging employers to “move away” from relying on “cheap labour” from Europe and invest in retaining staff and developing automation technology. The Home Office said EU and non-EU citizens coming to the UK would be

Image copyright Getty Images Ocean-going ships could be powered by ammonia within the decade as the shipping industry takes action to curb carbon emissions. The chemical – the key ingredient of fertilisers – can be burned in ships’ engines in place of polluting diesel. The industry hopes ammonia will help it tackle climate change, because

Image copyright Getty Images The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies for tax reform, said the EU’s move was “encouraging” but many more

Image copyright ESSAR OIL UK Image caption Stanlow Oil Refinery will be used as a hydrogen production plant by the middle of this year The first low-carbon hydrogen energy production plants in the UK have been granted government funding. Facilities at Stanlow Oil Refinery in Ellesmere Port, Cheshire and St Fergus Terminal in Aberdeenshire will

Image copyright PA Media The final 11 Beales department stores are set to shut, putting hundreds of jobs at risk. The 139-year-old retailer went into administration last month and soon after announced plans to close 12 of its 23 shops. Administrators at KPMG said they are continuing discussions with “a number of interested parties” over

Image copyright Reuters Image caption Rosneft is yet to publicly comment on the latest US sanctions The US has sought to increase financial pressure on Venezuela by blacklisting a subsidiary of Russia’s state-controlled Rosneft oil giant. The move freezes any US-held assets of the Switzerland-based Rosneft Trading SA and its chairman, Didier Casimiro. The firm

Image copyright Getty Images Jaguar Land Rover has flown in parts in suitcases as the effects of coronavirus take a toll on the carmaker’s supply chain. It said it could start to run out of Chinese parts for its UK factories after two weeks. The virus has killed more than 1,800 people in China sparking

Organized labor secured a much-needed toehold in the tech world Tuesday after workers at the online fundraising platform Kickstarter narrowly voted to unionize. The long and public organizing battle at the company ultimately paid off for pro-union employees, with 46 voting in favor of joining the Office of Professional Employees International Union and 37 voting

Image copyright Invisibobble Image caption Sophie Trelles-Tvede is the chief executive of hair accessories company Invisibobble The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Sophie Trelles-Tvede, chief executive and founder of the hair accessories company Invisibobble. For most students, founding a company would probably