• By Roger Harrabin BBC environment analyst 21 May 2018 comments Image copyright Getty Images The government’s ambition to clean up motor vehicles by 2040 is not ambitious enough, a leading energy expert says.Professor Jim Watson, head of the prestigious UK Energy Research Centre, said the target should be at least five years earlier, as in Scotland.The government is currently considering...

  • By Kevin Peachey Personal finance reporter 21 May 2018 Image copyright Getty Images More consumers will use apps on their smartphone than a computer to do their banking by as early as next year, according to forecasts.Last year, 22 million people managed their current account on their phone, industry analyst CACI said.It has predicted that 35 million people - or 72% of the UK adult population -...

  • 21 May 2018 Image copyright Getty Images The £1.7m salary paid to the chief executive of the firm which runs the Motability disabled car scheme is "totally unacceptable," say MPs.The remuneration package of Mike Betts has grown by 78% from £954,000 in 2008.Motability said Mr Bett's pay was based on a comparison with FTSE 250 firms.The Treasury and Work & Pensions committees found...

  • 21 May 2018 Image copyright Getty Images Image caption MPs want to see further sanctions against 'Kremlin-connected individuals' The UK has been accused of turning a "blind eye" to Russia's "dirty money", putting national security at risk.The Commons foreign affairs committee said London was being used to hide the "corrupt assets" of President Vladimir Putin and his allies.It said it was...

  • 21 May 2018 Image copyright Ben A Pruchnie / Cath Kidston Image caption Cath Kidston's Kenny Wilson is to head British footwear brand Dr Martens Cath Kidston's chief executive Kenny Wilson is leaving the retailer to join British bootmaker Dr Martens. Mr Wilson, who has been with Cath Kidston since 2011, is credited with expanding its overseas business and doubling sales from £60m to...

  • 21 May 2018 Image copyright Getty Images The Crown Court has dismissed charges against Barclays Bank and its owner Barclays PLC over billions of pounds raised from Qatar in 2008.The charges were potentially extremely serious for Barclays as, if it had been found guilty, it could have lost its banking licence.Barclays said the Serious Fraud Office was likely to try to reinstate the charges by...

  • 21 May 2018 comments Image copyright Reuters Ryanair has reported record annual results, despite it having to cancel thousands of flights in September due to problems with pilots' rotas.The Irish airline said profits after tax rose 10% to €1.45bn (£1.27bn), despite the wave of bad publicity.However, it warned higher costs would make the year ahead more difficult.The outlook for the...

  • 21 May 2018 Image copyright Getty Images Image caption The couple left the White House at the beginning of 2017 Barack Obama and Michelle Obama are teaming up with Netflix to produce films and TV shows.Netflix say the former US President and First Lady have "entered into a multi-year agreement" with the service.It says the "films and series" will "potentially" include "scripted series,...

  • 21 May 2018 Image copyright Reuters Image caption Sky is at the centre of a bidding war US cable TV giant Comcast appears to have gained the upper hand in its battle to take control of Sky.The firm's £22bn bid for Sky is unlikely to be referred to the competition authorities, the culture secretary Matt Hancock has said.Mr Hancock said he did not believe that the proposed merger raised any...

  • 21 May 2018 Image copyright Getty Images London's main index, the FTSE 100, has surged to a fresh record high for the second time in less than a week. The FTSE 100 index closed over 1% higher at 7,859.17, comfortably above its previous high of 7,787 on 17 May. An easing of trade tensions between the US and China cheered investors, analysts said.The dollar rose after the deal, boosting UK-listed...

  • 20 May 2018 Image copyright EPA Chelsea Football Club owner Roman Abramovich has faced delays in renewing his UK visa, the BBC understands.The Russian billionaire did not attend Saturday's FA Cup final at Wembley when the Blues beat Manchester United 1-0.A source close to the 51-year-old suggested he was in the process of renewing his visa, and said it was taking a little longer than usual.Asked...

  • 20 May 2018 Image copyright Getty Images Motorists face tougher MOT tests on their vehicles from Sunday, as an updated test introduces new categories under which a vehicle can fail or pass.The categories include "dangerous", "major" and "minor" which determine whether a car, van or motorcycle must be taken off the road or can be driven as long as repairs are carried out.The MOT will also be...

  • 20 May 2018 Image copyright Getty Images Image caption China's exports to the US far outweigh what it imports China and the US say they will halt imposing punitive import tariffs, putting a possible trade war "on hold".The deal came after talks in the US aimed at persuading China to buy $200bn (£148bn) of US goods and services and thereby reduce the trade imbalance.US Treasury Secretary...

  • Rail timetables overhaul aims to boost frequency and reliability 20 May 2018 Image copyright Alamy Image caption Passengers have been urged to plan ahead and check revised timetables A rail timetable overhaul billed as the biggest in the UK has begun - but it may leave some users behind.Govia Thameslink Railway (GTR) is rescheduling every train in its franchise, which includes Southern,...

  • By Russell Hotten Business reporter 19 May 2018 Image copyright Ocado Image caption Food delivery tech firm Ocado has had a good week There may be a wry smile on the faces of Ocado's founders and investors this weekend as they reflect on a remarkable few days.Once a perennial disappointment with their jam-tomorrow promises, the directors have taken the online food retailer from zero to...

  • 18 May 2018 Image copyright Reuters Image caption European companies have invested heavily in Iran's energy sector The EU has begun reviving legislation that will allow European companies to continue doing business with Iran, despite US sanctions, officials say.The so-called "blocking statute" was introduced in 1996 to circumvent US sanctions on Cuba but was never used.An updated version of the...

  • 18 May 2018 comments Image copyright Getty Images Image caption Which? said consumers had been let down by false speed claims for broadband services Which? says many UK households get half the broadband speed they pay for.Customers on a 38Mbps service received average speeds of 19Mbps, according to its findings, taken from 235,000 uses of its broadband speed checker tool.And those on super-fast...

  • 18 May 2018 comments Image copyright PA Workers at two branches of the American diner chain TGI Fridays are holding walk-outs over changes they say will cost them hundreds of pounds a month.The firm has introduced a new pay policy, which redistributes customer tips from waiters to kitchen staff.The 24-hour strike will affect branches in Milton Keynes and Covent Garden.The Unite union has...

  • 18 May 2018 Image copyright iZettle PayPal has bought iZettle, a Swedish mobile payments company that sells a card-reader aimed at small businesses, for $2.2bn (£1.6bn).The move boosts PayPal's in-store presence at a time when competition in the online payments sector is increasing.The takeover comes less than three weeks after iZettle said it would list shares in Stockholm.At the time the...

  • 18 May 2018 Related TopicsFacebook-Cambridge Analytica data scandal Image copyright Reuters Image caption Cambridge Analytica's name has been taken down from the wall of the London office it occupied Cambridge Analytica has filed for bankruptcy in the US.The consultancy was at the centre of the Facebook data-sharing scandal in which it was accused of improperly obtaining information on users....