• 24 May 2019 Related TopicsLion Air plane crash Media playback is unsupported on your device Media captionFAA 'examining reports' for links between fatal plane crashesUS aviation regulators have defended their response to two fatal Boeing 737 Max plane crashes.The Federal Aviation Administration (FAA) told the BBC that it didn't have the information needed to ground the 737 Max after the Lion Air...

  • 24 May 2019 Image copyright Getty Images US President Donald Trump has said Huawei could be part of a trade deal between the US and China, despite branding the telecoms firm "very dangerous". The US-China trade war has escalated in recent weeks with tariff hikes and threats of more action. Washington has also targeted Huawei by putting the firm on a trade blacklist. The US argues Huawei poses a...

  • 24 May 2019 Image copyright Getty Images UK rail operator Stagecoach is to take the government to court over its disqualification from running the West Coast Partnership franchise from 2020.Stagecoach and its partners were barred from running three franchises by the Department for Transport (DfT) last month.The DfT disallowed the bids because they did not meet pensions rules.The claim alleges...

  • "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 Szu Ping Chan Business reporter 24 May 2019 Image copyright Getty Image caption Facebook boss Mark Zuckerberg met Bank of England governor Mark Carney Facebook is finalising plans to launch its own crypto-currency next year.It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020.The social media giant wants to start testing its...

  • Cancer Research Foundation would would like to thank Mr Alan Green, senior analyst at Molton Wealth for holding 4th annual "Fight Cancer" luncheon with his co workers and co workers families. Once again the staff at Molton Wealth exceeded expectations and raised over £137,000 over the Course of two hours. Alan Green stated: " Everyones families are effected by cancer and hopefully what we raised...

  • 24 May 2019 Image copyright Getty Images Image caption Scottish shops are outperforming the rest of the UK Retail sales stalled in April, but warmer weather boosted sales of clothing, which offset falls in other areas of spending.The Office for National Statistics said sales in April were flat on March, and higher than the 0.3% fall expected.In the three months to April, sales increased by 1.8%,...

  • 24 May 2019 Related TopicsHollywood sexual harassment scandal Image copyright Getty Images Disgraced film producer Harvey Weinstein and his former studio's board members have reached a tentative deal with some of the women who accuse him of sexual misconduct, US media report.Lawyers said the settlement to resolve civil lawsuits and compensate alleged victims was worth about $44m (£34.7m)....

  • 24 May 2019 Image copyright HSE Image caption Garry Louis was killed when a blockage inside the hose cleared under pressure and it violently whipped round A company has been fined £15,000 after a worker died when he was struck by a hose which is used to pump concrete.Garry Louis, 58, was working on an upgrade to a terminal at the Port of Felixstowe in 2015 when the hose violently whipped...

  • 24 May 2019 Image copyright Getty Images Sir Philip Green should use his own money to support the pension fund of his troubled Arcadia retail empire, MP Frank Field has urged.The chairman of the Work and Pensions Committee intervened following Sir Philip's plans to restructure Burton, Dorothy Perkins and Topshop and cut contributions to the pension scheme.Mr Field - a critic of Sir Philip when...

  • 24 May 2019 comments Image copyright Newscast Sales in the UK arm of baby goods retailer Mothercare plunged almost 9% last year as its losses widened to £87.3m.The firm said its sales had fallen following reduced consumer confidence after last year's restructuring.That led to it closing almost a third of its stores. It is now left with 79 and will develop its online sales.But boss Mark...

  • 24 May 2019 Image copyright Getty Images The chief executive of Thames Water has stepped down after failing to turn around the performance of one of the UK's largest utility companies.Steve Robertson will be replaced with immediate effect.A source close to the company said the firm wanted someone with "a mind for operations".Thames Water, which manages water supplies and waste water, has...

  • 23 May 2019 Image copyright Avon Brazilian cosmetics group Natura has announced that it is buying UK-based direct-selling cosmetics business Avon.Natura, which already owns The Body Shop and Aesop, is Brazil's top business in cosmetics, perfumes and toiletries.Its all-stock offer of about $2bn (£1.6bn) means Natura shareholders will hold 76% of the combined company, which will have annual...

  • 23 May 2019 Image copyright Getty Images Japan's Panasonic has said it is scrutinising whether any of its products break US restrictions on trading with Huawei.Last week, the US put Huawei on a list of companies that American firms cannot trade with unless they have a licence.The restrictions mark an escalation in US efforts to block Huawei, which it says poses a security risk.Panasonic caused...

  • US import prices increased 0.6 percent month-over-month in August of 2017, recovering from a downwardly revised 0.1 percent drop in July and above market expectations of 0.4 percent. It was the first gain in import prices since April and the largest since January as cost increased the most for industrial supplies and materials and finished goods and foods, feeds and beverages. Senior analyst Alan...

  • The increase in wage growth is a positive sign, and with the number of people without job per job vacancy also falling in recent months, economic theory would suggest that pressures on wages in future will be upwards. However recent history has showed that reality can challenge economic models says Nick Henderson, senior broker at Global Fidelity Fund. A model of job creation in less productive...

  • 23 May 2019 Image copyright PA The boss of HS2 has urged policymakers "not to lose sight" of the benefits the project will bring to the UK economy.Speaking to the Wake up to Money podcast, Mark Thurston said the business case for the high-speed rail network was "clear".He added that "the real prize for the country is to complete the second phase", linking Birmingham with Manchester and...

  • By Kevin Peachey Personal finance reporter 23 May 2019 Image copyright Getty Images Late-night online access to credit is leading people to borrow more money than they can afford to repay, according to academics.Newcastle University researchers said a ban on online borrowing - primarily through payday loans - between 11pm and 7am could protect consumers.Money is often borrowed to fund...

  • 23 May 2019 Image caption The 2 Sisters Food Group have proposed to close the site on Freebournes Road More than 550 jobs at a chicken factory are at risk after its proposed closure was announced.The 2 Sisters Food Group said products made site on Freebournes Road in Witham, Essex, could be produced "more efficiently elsewhere".The company employs 555 people at the site and said all were "now at...

  • 23 May 2019 Related TopicsEthiopian Airlines crash Image copyright Rex Features Image caption Boeing's 737 Max aircraft was grounded in March The US aviation regulator has indicated that the Boeing 737 Max might return to service later than airlines had hoped.US Federal Aviation Authority (FAA) acting director general Dan Elwell said if it took a year for the grounding order to be lifted "so be...