Business

How the fridge became a million dollar idea

[ad_1] For centuries, people packed their food in ice to keep it fresh, which was too bad for people who lived in the tropics. Then, an American scientist discovered that compressed chemicals could do the same trick as ice without melting away. And in the 20th Century the fridge became a must-have consumer good, and a million dollar idea, as the BBC's Aaron Heslehurst explains [ad_2] Source link
Business

Women ‘half as likely’ as men to start a business

[ad_1] Image copyright Getty Images "Unfair obstacles" may be stopping women from starting and growing their own companies, the government has said.It said women were half as likely as men to start their own business, and only a fifth of smaller firms were led by females.It said this was creating a "significant pool" of untapped potential. It has asked Alison Rose, head of RBS commercial and private banking, to lead
Business

From Belgium to the UK, the journey of an alloy wheel

[ad_1] A car company has shared the journey of an alloy wheel from Belgium to the UK to show how seamless the process is within the EU.Honda is concerned their 'Just in Time' manufacturing process - where parts are delivered only when they are needed - will be at risk post-Brexit.The Senior Vice-President of Honda Europe has warned that a no-deal Brexit would cost the company "tens of millions" of
Business

Wells Fargo to reduce workforce by up to 10%

[ad_1] Image copyright Getty Images The troubled US bank Wells Fargo is planning a steep reduction of staff that could affect more than 26,000 people.The firm said it expects headcount to decline by 5% to 10% over the next three years, through a combination of cuts and regular attrition.The move is part of an effort to make the bank more efficient, as the sector moves online, boss Tim Sloan said.The
Business

Evans Cycles seeking new owner amid tough trading conditions

[ad_1] Image copyright Evans Cycles Image caption Evans Cycles has 60 stores across the UK Evans Cycles has put itself up for sale as it seeks fresh funding amid tough High Street trading conditions. The BBC understands PwC is in talks with a number of potential buyers for the bike store chain, which has more than 60 outlets in the UK.The consultancy has asked for final bids by the end
Business

Ryanair boss Michael O’Leary may leave within five years

[ad_1] Image copyright Getty Images Image caption Michael and Anita O'Leary with one of their horses, Balko Des Flos Ryanair boss Michael O'Leary has signalled that he may stand down in the next five years after admitting he is reluctant to sign a new long-term contract at the airline.Mr O'Leary said the board wants him to commit to another five years after his current deal expires in 2019.But the 57
Business

Canada cannabis stocks hit US highs

[ad_1] Image copyright Reuters Canadian cannabis companies have hit new highs on Wall Street as US investors seek to catch the buzz from their northern neighbours.With recreational use of marijuana due to be legalised in Canada on 17 October, producers Tilray and Canopy have seen their US-listed stocks surge.Another firm, Aurora Cannabis, has said it will seek a US listing next month.But analysts caution the stocks are overvalued and the
Business

Wetherspoon, McDonald’s and TGI Fridays workers to strike

[ad_1] Image copyright Getty Images Image caption Workers from McDonald's also went on strike last year A co-ordinated day of strike action is planned by workers at some JD Wetherspoon, McDonald's and TGI Fridays outlets over pay.A rally is planned for 4 October in London, the Bakers, Food and Allied Workers Union (BFAWU) said.The workers want to obtain a pay deal of £10 an hour.JD Wetherspoon said it had increased
Business

Gateshead fair trade ‘pioneer’ Traidcraft faces closure

[ad_1] Image copyright Getty Images Image caption Traidcraft was one of the first firms to sell fair trade goods such as coffee A firm which calls itself a "pioneer" of fair trade is consulting on closing its trading business.Gateshead-based Traidcraft started in 1979 and sells goods sourced in developing countries.Chief executive Robin Roth said a drop in the value of the pound and an "incredibly difficult retail background" were affecting