A businesswoman who sued Barclays for hundreds of millions of pounds has lost her High Court fight, despite the judge saying the bank acted with “deceit”. Amanda Staveley claimed her…
Category: Business News
UK : Rishi Sunak to inject £126m to boost traineeship scheme-Budget 2021
Chancellor Rishi Sunak is set to announce a £126m boost for traineeships in England in his Budget on Wednesday. The scheme will include a new “flexi-job” apprenticeship that will enable…
Covid-19: Chinatowns fighting racism and pandemic to survive
Lunar New Year is usually the busiest period for businesses in Chinatowns around the globe. But in 2020, it coincided with the outbreak of the coronavirus pandemic, leaving many restaurants…
UK: Heathrow passenger numbers fall to 1970s’ levels
Heathrow Airport has reported a £2bn annual loss after passenger numbers during the coronavirus pandemic dropped to levels last seen in the 1970s. It said 2020 was the toughest year…
UK:British Airways owner IAG calls for digital health passes
British Airways owner IAG has called for digital health passes “to reopen our skies safely” as it posted a record loss for 2020 due to Covid disruption. IAG posted an…
UK: Kalifa Review- warning over fintech investment
The UK risks losing its dominance in financial services – unless the government backs one of its most important export industries. That’s according to a major new report on arguably…
Brazil: Amazon rainforest plots sold via Facebook Marketplace ads
Parts of Brazil’s Amazon rainforest are being illegally being sold on Facebook. The protected areas include national forests and land reserved for indigenous peoples. Some of the plots listed via…
Croatia:The hypercar maker who was told to give up his dream
Mate Rimac runs an electric car company that sells some of the most exotic machines on the planet – but it all started out with a decidedly unexotic old banger.…
China: US$4,500 budget electric car takes on Tesla
A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla’s more upmarket cars. The compact car is proving a big hit for state-owned SAIC Motor,…
USA: Goldman Sachs boss rejects work from home as the ‘new normal’
Goldman Sachs boss David Solomon has rejected remote working as a “new normal” and labelled it an “aberration” instead. Mr Solomon said the investment bank had operated throughout 2020 with…