Business

Image copyright Getty Images China plans to halve tariffs on 1,717 goods it imports from the US as the country faces the fresh challenge of the coronavirus. Chinese officials said tariffs on some goods would be cut from to 5% from 10%, and on others from 5% to 2.5%. The two countries have been stuck […]

Image copyright Getty Images The average household’s water and sewerage bill will drop by about £17 a year in England and Wales. Water UK, the industry trade body, said the average annual bill will fall by 4% to £396.60 from 1 April. Its chief executive, Christine McGourty, said the water industry is “committed to giving

Image copyright Getty Images Electric car maker Tesla has become the latest firm to warn of disruption from measures to contain the coronavirus. Deliveries within China of Tesla’s Model 3 vehicle would be temporarily delayed, a company executive said following an extended production shutdown. The firm’s shares fell 17%. Tesla’s $2bn (£1.5bn) “gigafactory” in Shanghai

Image copyright Getty Images England’s first town to have all-electric buses will be created through a £50m fund, the Department for Transport (DfT) has announced. Local authorities can bid for money to help pay for a new fleet of electric buses. Transport Secretary Grant Shapps said buses have “a crucial role to play in bringing

Image copyright Somi Ifeh My Money is a new series looking at how people spend their money – and the sometimes tough decisions they have to make. Here, Somi Ifeh from Lagos in Nigeria, records her spending over a week and shares tips for saving. We’re looking for more people to share what they spend

Image copyright Getty Images Image caption The furniture store Ikea closed all its 33 shops in China in response to the outbreak The human cost of the coronavirus outbreak is climbing across China and beyond. The economic cost is also mounting, mainly, but not only, in China. That damage is, for the most part, not

Image copyright Getty Images Image caption Executives from Juul, Reynolds American, NJOY and Fontem US lawmakers called for tougher rules for e-cigarette companies at a hearing on Wednesday as they blamed executives for introducing a new generation to nicotine. The US is looking to write new industry rules amid rising concern about vaping among teenagers.

Image copyright Axminster Carpets Axminster Carpets is in rescue talks with potential buyers, as first reported by Sky News. The 265-year-old royal warrant holder filed a notice of intention to appoint administrators on Wednesday. Jonathan Young, its managing director, said he was “encouraged by the level of interest in investing in our brand”. Administrators Duff

Image copyright Getty Images Ride-hailing firm Uber has been issued a permit by the Department of Motor Vehicles in California to test self-driving cars on public roads. It comes nearly two years after one of Uber’s self-driving cars was involved in a fatal crash in Arizona. Uber scaled back its autonomous car operations following the

Image caption Models dressed as playboy bunnies were hired to promote casino games The gambling watchdog has refused to condemn the widespread use of scantily-clad models to promote products at one of the industry’s biggest trade events. Under its former boss, Sarah Harrison, the Gambling Commission had threatened to boycott ICE London because women “were