Business

The story behind the world’s first cashpoint
The world’s first cash machine landed on a north London high street 50 years ago this week, transforming everyday banking for millions of people...
BA compensation bill expected to exceed £50m after IT failure
Passengers hit by the chaos caused by the British Airways IT outage in May could be eligible for overall compensation in excess of £50m.
Boeing halts test flights of 737 MAX jetliner
Boeing has suspended test flights of its new 737 MAX jetliners over fears of a potential manufacturing flaw affecting an engine part.
American Airlines’ employee suspended after row with passengers
American Airlines has suspended an employee after a video showed an altercation on one of its planes involving crew, several passengers and a crying woman...
United passenger launches legal action over forceful removal
Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an Illinois state court on Wednesday to require...
Regulators investigate Barclays CEO Staley over whistleblowing case
Barclays Bank and its chief executive are being investigated by regulators over their handling of concerns raised by a whistleblower.
Secret recording ‘implicates the Bank of England in Libor fixing scandal’
A secret recording of two former Barclays bankers allegedly puts the Bank of England in the middle of the LIBOR fixing scandal that rocked the country,...
Kendall Jenner’s protest Pepsi spot prompts online backlash
An advertisement showing Kendall Jenner using a can of Pepsi to calm tensions between activists and police is facing a backlash.
UK-based airlines told to move to Europe after Brexit or lose major routes
EU chiefs have warned airlines including easyJet, Ryanair and British Airways that they will need to relocate their headquarters and sell off shares to...
M&S suspends Google ads amid pressure over hate videos
Marks and Spencer has become the latest big name company to pull its advertising from Google as the internet giant faces pressure over extremist content...
Third suspect arrested in Malaysia over murder of North Korean
A third person has been arrested in connection with the apparent assassination of Kim Jong-Un’s half-brother.
U.K. supermarkets forced to ration vegetables as bad weather hits supplies
Supermarkets are rationing vegetables after bad weather hit crops across Europe.
UK PM May says Britain ‘cannot remain in the Euro single market’
The final Brexit deal reached between the UK and EU will be voted on by both Houses of Parliament, Theresa May has announced.
Ex-Microsoft workers who had to view child abuse content sue company
Microsoft workers on the “online safety team” were forced to view photos and videos of “indescribable sexual assaults”, “horrible...
Volkswagen pleads guilty to U.S. criminal charges, pays $4.3B fine in ‘dieselgate’
Six high-level Volkswagen employees from Germany were indicted in the U.S. on Wednesday in the VW emissions-cheating scandal, while the company itself...
Donald Trump threatens General Motors with ‘big border tax!’
Donald Trump has taken aim at US car giant General Motors in his latest clash with big business as he prepares to take office.
Under 3 weeks left: Obama in closing stretch of presidency
His last presidential vacation behind him, Barack Obama is entering the closing stretch of his term, an eleventh-hour push to tie up loose ends and put...
Korean air crew to use stun guns on unruly passengers after Richard Marx criticism
Korean Air has given its flight attendants stun gun training following criticism from pop star Richard Marx for its handling of a violent passenger.
World’s oldest bank could run out of money in four months
Shares in Banca Monte dei Paschi have been suspended from trading again after the struggling lender issued a new warning over its funding woes.
Creator of the McDonald’s Big Mac dies aged 98
The man behind one of the most recognizable fast-food sandwiches, McDonald’s Big Mac, died this week at age 98.
OPEC agrees to first cut in output since 2008, sends oil prices soaring
OPEC has agreed to cut its oil production for the first time in eight years, ending a strategy of high supply that had aimed to cripple the U.S.
UK ‘flash crash’ trader Navinder Sarao pleads guilty in US
A London-based trader on Wednesday became the second person convicted of criminally spoofing U.S.
UK gets jobs boost as Nissan commits to building two new models in Sunderland
Nissan says it will build two new car models in Sunderland, securing thousands of jobs and providing a major boost to the post-Brexit UK economy.
Samsung warns of $5.3bn blow to profits from Galaxy Note 7 disaster
Samsung says it expects to take a $3 billion hit to its profits over the next two quarters in the outfall over its fire-prone Galaxy Note 7 smartphone.
Working themselves to death: Long hours culture puts fifth of Japanese at risk
A fifth of workers are at risk of dying from overwork, according to an official survey into Japan’s notoriously strenuous working culture.
Farewell to Ford: Last Australian-built cars roll off the production line
The last Australian-made Ford car rolled off the production line on Friday, ending an era that began in 1925 with the legendary Model T.
Stocks sent tumbling amid worldwide wobble over struggling Deutsche Bank
Fresh fears about Deutsche Bank have seen its shares tumble to a 30-year low and dragged stock markets across Europe into the red.
Wells Fargo boss gives up $41m as investigation launched into bonus fraud
The boss of Wells Fargo is to give up $41 million from his pay package because of an accounts fraud that has shaken the company.
#saleisimminent: Twitter shares soar as take-over talk reaches fever pitch
Twitter shares surged by as much as a fifth on Friday amid speculation that the ailing social media company was about to be bought.
Iceland (the country) mulls suing Iceland (the supermarket) over name
Frozen food retailer Iceland has defended its name after it emerged the Icelandic government was considering legal action to protect its identity.

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