Business

China says there will be ‘no winner’ in global trade war

[ad_1] Image copyright PHILL MAGAKOE Image caption Presidents Xi and Ramaphosa - rejecting protectionism China has told developing nations there would be no winner in a global trade war.Chinese President Xi Jinping called on Brazil, Russia, India, China and South Africa (BRICS) to reject protectionism.South African President Cyril Ramaphosa also warned of the impact that tariff threats by US President Donald Trump would have on developing countries.They were speaking at
Business

US carmakers hit by trade disputes

[ad_1] Image copyright Getty Images Shares in two major carmakers tumbled after they warned that changes to trade policies were hurting performance.General Motors said it expected a hit of about $1bn (£760m) due largely to higher steel and aluminium prices caused by new US metals tariffs.Shares dropped by more than 7% after the firm revised its outlook.Fiat-Chrysler shares were about 15% lower, after it said sales in China had fallen
Business

Ryanair fleet cuts put 300 jobs at risk

[ad_1] Image copyright PA Ryanair has announced it is cutting its Dublin-based fleet from 30 to 24 planes for the winter 2018 season, putting 300 jobs at risk.The six planes will transfer to the carrier's Polish charter airline, which it said was growing rapidly.Ryanair blamed a downturn in forward bookings and airfares in the Republic of Ireland, partly as a result of recent rolling strikes by Irish pilots.About 100 pilots
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FCA suggests ‘basic savings rate’ to boost returns

[ad_1] Image copyright PA Banks could be forced to pay their customers a minimum interest rate on their savings, the Financial Conduct Authority (FCA) has suggested.The FCA said it was concerned that savers who stay with the same bank or building society for a long time get poor returns on their money.Some banks currently pay just 0.01% a year on instant access accounts.The Basic Savings Rate (BSR) would apply to
Business

ITV profits rise helped by Love Island

[ad_1] Image copyright Getty Images Image caption Carolyn McCall says ITV has had a good start to the year Half-year profits at broadcaster ITV rose to £265m from £259m, as revenues increased by 8% to £1.5bn.The firm said advertising sales rose 2% in the six months to June, with 48% growth in online.ITV said it has "a strong slate of new and returning programmes" for the rest of the year,
Business

Santander sees growth but UK profits slip

[ad_1] Image copyright Getty Images Santander has warned of a "challenging environment" after its UK profits fell sharply in the first half of 2018.Earnings in the UK fell by 16% because of investment costs and weaker revenues. Restructuring costs also took their toll in its home base of Spain.But its global profits rose by 4% after strong growth in the US and Brazil. Overall, the bank said it earned €3.75bn
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American Airlines and Cathay Pacific bow to China pressure on Taiwan

[ad_1] Image copyright Reuters Image caption Taking off for Taipei, Taiwan or China? American Airlines and Cathay Pacific have become the latest carriers to change how they refer to Taiwan online, bowing to pressure from China. Beijing set 25 July as a deadline for companies and airlines to remove references to Taiwan as anything but a Chinese territory on their websites. The US carrier just lists Taipei, but Cathay refers
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Making a drama out of a TB crisis

[ad_1] Image caption With low levels of literacy, Papua New Guinea has been using drama to deliver health messages about TB Tuberculosis might sometimes be perceived as a disease of the past.But in Papua New Guinea, TB is so rife the government has declared a state of emergency. It remains the leading cause of hospitalisation and death. At least 10 people die every day of TB and there is a
Business

Firms failing to tackle sexual harassment, says MPs

[ad_1] Image copyright Getty Images Businesses, government and regulators are failing to tackle sexual harassment in the workplace, say MPs.The Parliamentary Women and Equalities Committee has published a five-point plan to deal with the problem.It follows a BBC survey that found 53% of women and 20% of men said they had experienced sexual harassment at work.Chair of the committee, Maria Miller MP, said: "Government, regulators and employers have been dodging
Business

Why are more retail staff working nights?

[ad_1] Image copyright Getty Images Image caption More women are working nights It is 09:00 in the morning and Amy has just finished her night shift at a supermarket in Greater Manchester."Right now, I feel very tired," she says. "I feel cold, I feel groggy, I've got brain fog and I'm looking forward to getting some sleep."Research for 5 Live Money has found that between 2007 and 2017, the number