Image copyright Getty Images The US trade gap with the rest of the world jumped to a 10-year high of $621bn (£472.5bn) last year, dealing a blow to President Donald Trump’s deficit reduction plan. The trade deficit is the difference between how much goods and services the US imports from other countries and how much …
Image copyright Getty Images HSBC faces a shareholder vote at next month’s annual meeting over an old pension fund for thousands of UK staff which campaigners argue is “unfair”. The long-running dispute relates to “clawback” applied to the pension payout when a member reaches retirement age and also receives a state pension. Britain’s biggest bank …
Image copyright Reuters Image caption Uber ended its self-driving operations in Arizona following last year’s crash Uber will not face criminal charges for a fatal crash involving one of its self-driving cars. Prosecutors have ruled that the company is not criminally liable for the death of Elaine Herzberg, 49, who was struck as she crossed …
Image copyright Getty Images Food delivery service Just Eat has defended itself against a disgruntled shareholder by reporting a sharp rise in 2018 revenue. Fund manager Cat Rock has been calling on the delivery company to seek a merger with a rival. But Just Eat’s chairman Mike Evans said the “strategy set out last year …
Image copyright Getty Images Image caption Hello Kitty appeared on the catwalk at last autumn’s Paris fashion show Hello Kitty, whose image already appears on pyjamas, pencil cases, and the sides of buses, is to grace the big screen after the brand’s owner signed the feline icon’s first film deal. After five years of discussions, …
Image copyright ANDREW GOMBERT Washington’s ambassador to the UK has defended the US’s approach to food hygiene and farming. Criticism of US food standards was “designed to reduce not increase trade”, Woody Johnson told the BBC. US beef and chicken producers use processes not permitted in the EU, including rinsing chicken carcasses with chlorine. But …
Image copyright Reuters Image caption Carlos Ghosn (in the blue hat) leaving prison Former Nissan boss Carlos Ghosn has left prison in Japan on bail, more than three months after being arrested. A Tokyo court made the surprise decision to allow his release on Tuesday, setting bail at 1bn yen (£6.8m; $8.9m). Mr Ghosn has …
Image copyright Getty Images The system allowing people to use cash in the UK is at risk of “falling apart” and needs a new guarantee to ensure notes and coins can still be used. A hard-hitting review by finance experts has concluded that market forces will not save cash for as long as people need …
Image copyright PA The number of people starting a training programme has fallen “substantially” under the government’s new apprenticeship scheme, according to the National Audit Office (NAO). The public spending watchdog said the government was “very unlikely” to hit a 2020 target of 3 million new starts. The government had some way to go before …
Image copyright Getty Images Goldman Sachs is relaxing its dress code, as the Wall Street giant moves toward a more casual workplace. The investment bank announced the “firm wide flexible dress code” in an internal memo, urging employees to use “good judgement” in their fashion choices. Goldman Sachs loosened the dress code for its tech …