Business

Didcot power station: Power cut as cooling towers demolished

Media playback is unsupported on your device Media captionThe moment Didcot power station cooling towers were demolished Thousands of households lost electricity moments after a disused power station’s remaining cooling towers were demolished. Didcot A’s 375ft (114.3m) high towers were brought down using explosive charges at 07:00 BST. Moments later, witnesses said, a nearby electricity […]

Business

Argentina’s economy minister resigns as peso sheds value

Image copyright AFPImage caption Nicolas Dujovne resigned on Saturday after a week of economic turmoil Argentina’s economy minister Nicolas Dujovne has resigned amid a financial crisis exacerbated by the president’s defeat in a primary poll. The country’s peso shed 20% of its value against the US dollar after President Mauricio Macri suffered the resounding loss […]

Business

Lime and soda? No thanks, say non-drinkers

Image copyright SEEDLIPImage caption Ben Branson, founder of Seedlip: ‘What do you drink when you’re not drinking?’ The days of lime and soda are over. “Sugary, carbonated or fruit-based juice drinks just won’t do” for those seeking a booze-free alternative. At least, that is the view of Seedlip, which claims to be making the world’s […]

Business

Labour promises to tackle ‘retail apocalypse’

Image copyright Getty Images Labour leader Jeremy Corbyn has announced proposals to help Britain’s “struggling” high streets. He said he wanted to give councils the power to reopen shops in premises left vacant for more than a year. Mr Corbyn also said empty shops should be given to start-up business and community projects in an […]

Business

‘Fake’ Amazon ambassadors baited on Twitter

Image copyright ReutersImage caption A worker in an Amazon warehouse in Mexico City, Mexico Amazon workers praising their working conditions on social media are being accused of lying by other users. Twitter users are pointing to apparent inaccuracies and “robotic” or “scripted” language as evidence that employees are being “paid to lie”. A number of […]

Business

Turkish army pension fund to buy British Steel

Image copyright Getty Images Turkey’s military pension fund has reached a tentative deal to buy British Steel out of insolvency. The Turkish Armed Forces Assistance Fund (known as Oyak) says it plans to take over British Steel, which employs 5,000 people, by the end of the year. British Steel owns the Scunthorpe steel works where […]

Business

Cathay Pacific boss quits after protest row

Image copyright Getty ImagesImage caption Rupert Hogg had been chief executive of Cathay Pacific for three years The chief executive of Cathay Pacific has resigned after the airline was embroiled in the controversy stemming from protests in Hong Kong. Rupert Hogg said he was taking responsibility as these had been “challenging weeks” for the airline. […]