Business

NAFTA talks are at a 'much better' point, says Mexico

Image copyright AFP/Getty Image caption NAFTA negotiators say they are making progress but key differences remain Officials from the US, Canada and Mexico say they have made progress in tense negotiations on the North American Free Trade Agreement (NAFTA). Their remarks concluded the latest round of talks, the second-to-last before the negotiations are supposed to […]

Business

Ikea founder Ingvar Kamprad dies in Sweden at 91

Image copyright Ikea Image caption Ingvar Kamprad pictured with Ikea furniture in the 1960s The Swedish founder of the Ikea furniture chain, Ingvar Kamprad, has died at the age of 91, the company has announced. Mr Kamprad – who pioneered flat-pack furniture – died at his home in Småland, Ikea confirmed in a statement. The […]

Business

Some BBC male presenters agree pay cut

Image caption Nicky Campbell, Huw Edwards, Jeremy Vine, John Humphrys have agreed to take a cut formally or in principle Some of the BBC’s leading male presenters have agreed to take a pay cut after revelations over equal pay. Jeremy Vine, John Humphrys and Huw Edwards have agreed to reductions, either formally or in principle, […]

Business

Cannabis growers in marijuana mega-merger

Image copyright Getty Images Two Canadian marijuana growers are hoping to get high on profit after agreeing to merge and create a $6bn (£4.2bn) company. Aurora Cannabis is buying smaller pot producer CanniMed Therapeutics after a far-from-mellow takeover battle between the firms. Canada plans to legalise recreational marijuana before July. And the dope developers are […]

Business

Stripe to ditch Bitcoin payment support

Image copyright Getty Images Stripe, the firm which helps more than 100,000 businesses do financial transactions online, is to scrap support for Bitcoin payments. It said Bitcoin users now saw the virtual currency largely as an “asset” to be traded, rather than something to make payments with. Fewer online merchants wanted to accept the cryptocurrency, […]

Business

HSBC to pay $101.5m to settle currency rigging probe

Image copyright Getty Images Image caption HSBC Holdings has its roots in Hong Kong and is Europe’s biggest bank HSBC has agreed to pay $101.1m (£72.7m) to settle a US criminal investigation into rigged currency transactions. The bank has admitted its traders twice misused confidential information provided to them by clients for its own profit. […]

Business

Modern day slaves

Image caption Peter now works re-stocking shelves in a Co-op store, having escaped from his captors There are at least 13,000 victims of modern slavery living in Britain’s towns and cities, it is estimated. But many argue that the number is probably much higher. Those who escape or are discovered often recover physically but suffer […]

Business

Carillion fallout

Image copyright Reuters The timetables of big UK building projects have been thrown into doubt by the collapse of Carillion. Major new hospitals in Liverpool and the West Midlands face further delays after the liquidation of the UK’s second biggest construction firm. Work has yet to restart on those sites, causing uncertainty among workers and […]