Business

BMW recall: What owners need to do

[ad_1] Image copyright EPA BMW is recalling cars in the UK after the BBC's Watchdog found that vehicles could cut out completely while they are being driven.If you're worried about the implications for you and your car, here's everything you need to know.Is my car affected?This recall is an extension of another recall which took place in April 2017, when BMW recalled 36,410 petrol-fuelled models. This time, the recall covers
Business

US commercial drones given green light

[ad_1] Image copyright Getty Images Image caption Green light for first commercial drones in the US Drones that monitor crops, control mosquito populations and deliver defibrillators are to be tested in US airspace.Ten commercial drone projects have been selected to try out new ways for unmanned aircraft to be integrated into the skies.They include Zipline, which currently offers a blood-delivery service in Rwanda, and Apple.But Amazon, which wants to offer
Business

Severn Trent boss and sex toy founder win businesswoman awards

[ad_1] Image copyright David M. Benett Image caption Chief executive of Severn Trent, Liv Garfield, was praised for her strong focus on customers The boss of a water company and the founder of a luxury sex toy company have won top awards for businesswomen.Liv Garfield, the chief executive of Severn Trent, was crowned Business Woman of the Year at the Veuve Clicquot awards ceremony.Her company's share price has risen 15%
Business

Next and Morrisons defy downturn as sales rise

[ad_1] Image copyright Next The recent spells of hot weather have led to stronger than expected sales at Next, leading the fashion retailer to raise its full-year profit forecast.Full-price sales for the 14 weeks to 7 May rose 6%, and Next lifted its profit forecast from £705m to £717m.However, the drift away from the High Street continued, with store sales down 4.8% while online sales jumped 18.1%.Separately, supermarket chain Morrisons
Business

Former head of China’s Anbang jailed for 18 years

[ad_1] Image copyright Reuters Image caption Wu Xiaohui was considered one of China's most politically connected men The former head of China's embattled insurance and financial giant Anbang has been jailed for 18 years for corruption and fraud. Wu Xiaohui admitted on state television in March to fraudulently raising billions of dollars from investors.He will also have 10.5bn yuan ($1.7bn; £1.2bn) confiscated from him, according to Chinese state media.Mr Wu
Business

Meet the only female broker on New York’s stock exchange

[ad_1] The New York Stock Exchange trading floor is one of the most familiar symbols of American business.But in 2018, the arena that prides itself on predicting the future is stuck in the past in one respect - it's almost entirely staffed by men.Enter Lauren Simmons, the only full-time female broker on the New York Stock Exchange floor, as well as the only African-American woman, and at 23, the youngest.
Business

Gender pay: Hundreds of firms face action over non-disclosure

[ad_1] Media playback is unsupported on your device Media captionGender pay gap: What do women think? Hundreds of companies face legal action after failing to meet an extended deadline to report their gender pay, Britain's equality watchdog said.Companies with more than 250 staff must now publish the details on their own websites and on a government site.Many published details only after the Equality and Human Rights Commission began enforcement action
Business

Why are more young people and families going on cruises?

[ad_1] Image copyright Keith Lesser Image caption Sabrina and Keith Lesser have taken three cruises in the past three years Keith Lesser and his wife Sabrina are counting down the days. At the end of this month they set sail on a five day cruise to France. Along the way they're planning to use the gym and spa, socialise at dinner, watch the entertainment and see the sights.But Keith and
Business

Bank of England to decide on whether to raise rates

[ad_1] Media playback is unsupported on your device Media captionWhat exactly is the Bank of England interest rate? The Bank of England's Monetary Policy Committee is set to decide later whether to raise rates from 0.5%.Economists believe the Bank will not increase the cost of borrowing after a slowdown in UK economic growth in the first quarter of the year.Last month, Bank governor Mark Carney said "mixed" economic date could
Business

America dominates the thriving global weapons trade

[ad_1] Image copyright South Korean Defence Ministry Image caption US F-35 fighters on a training exercise in South Korea, 12 countries are due to operate the aircraft, including South Korea Brutal civil wars in Syria and Yemen, coupled with the return of great power rivalries between the US, Russia and China, have brought the world's arms trade into sharp focus.And unsurprisingly it is a thriving global industry, with the total