• 13 November 2018 Image copyright Getty Images Binny Bansal, chief executive of India's biggest online retailer, Flipkart, has resigned following an investigation into his conduct.Flipkart and its owner, Walmart, launched the investigation after a complaint of "serious personal misconduct" was made against Mr Bansal.The inquiry did not find evidence to back up the allegation, but did "reveal...

  • 13 November 2018 comments Image copyright Getty Images Wages rose at the fastest pace in nearly a decade in the three months to September, Office for National Statistics (ONS) figures show.Compared with a year earlier, wages excluding bonuses, rose by 3.2% - the biggest rise since the end of 2008 and up slightly on the previous quarter.However, the ONS warned that real wage growth was below the...

  • 13 November 2018 Image copyright Getty Images Image caption 5G could also be used as a replacement for fixed home broadband EE has announced which six UK cities will be the first to get faster 5G mobile networks.Building on existing trials, EE will turn on 5G in London, Cardiff, Edinburgh, Belfast, Birmingham and Manchester by mid-2019.By the end of 2019, another 10 cities will get EE networks...

  • 13 November 2018 Image copyright EPA Image caption Long Island City, where Amazon is planning expansion along the East River, is one of the fastest growing areas in New York Amazon plans to build major new campuses in New York City and next to the Pentagon near Washington DC, and expand its operations in Nashville.The decision comes 14 months after the tech giant kicked off a continent-wide...

  • By Paul Blake Middle East Business Reporter 13 November 2018 Image copyright Getty Images Music streaming powerhouse Spotify has launched its service across the Middle East, hoping to tap into millions of digitally-connected consumers.Rumours about the service's launch had been circulating for months.Spotify will face stiff competition from rivals already in operation.Executives from the company...

  • "Stocks will rally sharply under Trump's election win on hopes of not just corporate tax cuts, but also deregulation and government spending. He also promises a simplified tax system with tax cuts across the board. In my view bank equities will soar as Trump will implement deregulation of the financial sector and its my belief he will abolish the Dodd Frank law and Volker rule. I believe from the...

  • By Russell Hotten Business reporter 13 November 2018 Related TopicsBrexit Image copyright Thinkstock Stockpiling is moving up the agenda as Brexit approaches. Concerns about shortages of food, medicines, car parts and much else as the UK adjusts to life outside the EU are growing. Premier Foods, the company behind Bisto and Mr Kipling, is the latest firm to say it will build stocks of raw...

  • Berketex Bride in administration 13 November 2018 Image copyright Berketex Bride Bridal store Berketex Bride has announced that it has ceased trading and gone into administration.The firm said its 11 outlets in the UK and one in Dublin would be closed from Tuesday and would not reopen.It has been in existence for more than 50 years selling wedding dresses, bridesmaids' dresses and other...

  • By Lesley Curwen and David Lewis File on 4 13 November 2018 Image copyright Getty Images Millions of pounds of public money is being misspent because of "abuse" of green energy schemes, a whistleblower from the energy regulator Ofgem claims.Edd Fyfe, a former counter-fraud officer, alleges big businesses exploited weaknesses in the management of schemes to make huge profits. He claims some firms...

  • 13 November 2018 Related TopicsBrexit Image copyright Getty Images The pound has surged against the dollar and the euro amid growing optimism a Brexit deal is close to being agreed. Sterling leapt 1.4% to trade at $1.3036 against the dollar in afternoon trade, whilst against the euro it jumped to a near seven-month high of €1.1542. The move came after a significant breakthrough in talks...

  • 12 November 2018 Image caption The group includes politicians, business leaders and trade union representatives An action group tasked with saving the jobs of Michelin workers in Dundee has met for the first time. The tyre manufacturer announced last week it would be closing its factory in the city which employs more than 800 people. Politicians, business leaders and trade union representatives...

  • 12 November 2018 Image copyright PA Drinks giant Diageo has announced that it is selling a portfolio of 19 brands to US privately owned firm Sazerac for $550m (£427m).The list includes three varieties of Seagram's whisky, plus Romana Sambuca and the now-defunct Booth's gin brand.Diageo said the sale would allow it to have "greater focus" on its premium brands in the US.The proceeds,...

  • By Leo Kelion Technology desk editor 12 November 2018 Image copyright Xiaomi Image caption Only three Mi 8 Lite phones could be bought in the first flash sale "Flash sales" publicising a Chinese smartphone company's UK launch have sparked a backlash on social media.Xiaomi advertised two of its new handsets for £1 each last week as part of a "crazy deals" promotion.But it has emerged that...

  • 12 November 2018 Image copyright PA Image caption Andrew Tinkler denies any wrongdoing The former boss of the Stobart Group has denied improperly taking £5m of "so-called expenses" amid court claims he had his "own interests at heart".Andrew Tinkler was sacked as chief executive at the Carlisle logistics firm - known for its green trucks - for alleged breach of contract in June.The High...

  • 12 November 2018 comments Related TopicsBrexit Image copyright Getty Images Firms seeking staff are being hit by labour shortages, with a "reversal" in the number of migrants in UK workplaces, says HR body the CIPD.As Brexit approaches, the CIPD says the shortage of both EU and non-EU migrants reflects a falling interest in the UK as a destination for migrant workers.And it said research among...

  • 12 November 2018 Image copyright Getty Images Image caption Mustafa Kasim was accused of illegally stealing personal details from vehicle repair software A car repair worker has been sentenced to jail for stealing customers' personal data from his former employer.The Information Commissioner's Office (ICO) says it is the first time someone will go to prison as a result of a case it has...

  • 12 November 2018 Image copyright Getty Images Shares in two tobacco giants have been hit by reports that US regulators are planning to ban menthol cigarettes.British American Tobacco closed 10.6% down to their lowest in almost five years, while Imperial Brands recovered from earlier big falls to end 2.2% off.A report in the Wall Street Journal claimed the US Food and Drugs Administration would...

  • Pound's rollercoaster ride continues 12 November 2018 Related TopicsBrexit Image copyright Getty Images The pound has sunk in volatile trading after reports that a Brexit deal was near were downplayed by UK officials.Downing Street said "substantial issues" still need to be resolved as negotiators try to secure an agreement over the UK's exit from the EU. The pound fell almost 1% against the...

  • 12 November 2018 Image copyright Getty Images Image caption Apple chief executive Tim Cook presents the firm's newest line of products Apple shares have slumped by more than 4%, dragging down US markets and wiping more than $40bn (£31bn; €35bn) off the tech giant's market value.The fall followed a profit warning from one of the firm's major suppliers, which exacerbated concerns that...

  • 11 November 2018 Media playback is unsupported on your device Media captionAlibaba Singles Day: Dollars or data?E-commerce giant Alibaba has set new sales records on Sunday for its biggest shopping day, the annual Singles Day.The Chinese company hit a record $1bn (£774m; €883m) in sales in 85 seconds, and then just shy of $10bn in the first hour of the 24-hour spree.In total,...