Business

When most people never see a £50 note, why have it?

[ad_1] Image copyright Getty Images When was the last time you saw a £50 note? Dinner with a wealthy relative visiting the UK, or tucked into a child's birthday card perhaps?While we may rarely see such currency, there are a surprising number in general circulation.According to the Bank of England's latest statistics, a total of 344 million of them, with a combined value of £17.2bn, are in the system.While this
Business

Facebook’s Libra could be misused, says treasury chief Mnuchin

[ad_1] Image copyright Getty Images Facebook's planned Libra cryptocurrency faced further opposition on Monday when the US treasury secretary warned about its potential criminal use.Steven Mnuchin told a press conference it could be used by "money launderers and terrorist financiers" and said it was a national security issue.His joins President Donald Trump and the head of the US central bank in voicing concern.Facebook executives will appear before a congressional committee
Business

Juul: E-cig boss says sorry to parents over child vaping

[ad_1] Image copyright AFP The boss of e-cigarette giant Juul has apologised to parents amid worries of an epidemic of vaping among children."I'd tell them I'm sorry that their child's using the product. It's not intended for them," Kevin Burns said.The comments, including that more research is needed into vaping's health impact, are made in a CNBC documentary being aired in the US on Monday.Juul, which has begun a marketing
Business

Boeing ditches 737 Max name on new Ryanair plane

[ad_1] Image copyright Woodys Aeroimages Image caption Before and after images showed the model name "737 Max" had been replaced with "737-8200" A Boeing 737 Max due to be delivered to Ryanair has had the model's name changed on the nose of the aircraft, it has emerged. Photos shared on Twitter show a plane in Ryanair colours outside Boeing's manufacturing base, with the name 737 Max replaced by 737-8200.It has
Business

Amazon workers launch protests on Prime Day

[ad_1] Media playback is unsupported on your device Media caption'I have to pick an item every eight seconds, or 332 per hour, for a 10-hour day' Thousands of workers in Amazon sites around the world are staging protests about pay and conditions as the online retailer begins its annual sale.On Monday, Amazon starts offering discounts to its Prime service members.Unions say that 2,000 workers are on strike in Germany and
Business

New face of the Bank of England’s £50 note is revealed

[ad_1] Image copyright Bank of England Computer pioneer and codebreaker Alan Turing will feature on the new design of the Bank of England's £50 note.He is celebrated for his code-cracking work that proved vital to the Allies in World War Two.The £50 note will be the last of the Bank of England collection to switch from paper to polymer when it enters circulation by the end of 2021.The note was
Business

Sports Direct delays results as House of Fraser trading ‘uncertain’

[ad_1] Image copyright Getty Images Mike Ashley's Sport Direct has delayed its results, citing uncertainty about the trading performance of the House of Fraser chain it bought last year.The company, which had been due to publish its results on Thursday, also said its auditors Grant Thornton were facing increased regulatory scrutiny of its work for Sports Direct.Sports Direct's results may not be published until 23 August.Other companies' audits were also
Business

China’s economy grows at slowest pace since 1990s

[ad_1] Image copyright Getty Images China's economic growth slowed in the second quarter to its weakest pace since the early 1990s, official figures showed. In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts. China has moved to stimulate its economy this year by boosting spending and delivering tax cuts.The world's second largest economy has also been fighting a
Business

Three months after I was paralysed, I was back at work

[ad_1] Image copyright Hiroki Takeuchi Image caption Hiroki Takeuchi was off work for just three months after his accident The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Hiroki Takeuchi, chief executive of financial technology business GoCardless.Hiroki Takeuchi had just got married when he was involved in a cycling accident that left him with a life-changing disability.The then 30-year-old was