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Bridging The Gap
UK car industry needs 'swift EU deal to curb high tariffs' UK car industry needs 'swift EU deal to curb high tariffs'
Britain must strike a trade deal with Europe as soon as possible to protect the country's multi-billion pound car industry and avoid high tariffs. David Bailey, professor of industry at Aston University, warned of a "big uncertainty" for the sector following the UK's vote to leave the EU. Without a deal, he fears a return to the days when the industry faced a 10% tariff on exports. The UK...
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Those big changes at Costco Those big changes at Costco
Big changes are coming to Costco next week. Starting Monday, wholesale-store giant Costco is switching credit card providers to Citi Visa, ending its 16-year relationship with American Express. For those among the Costco's 81.3 million members who use credit cards for their purchases, it's a big deal. If you're one of them, here's what you need to know. When does this happen? The last da...
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Microsoft to buy LinkedIn for $26bn Microsoft to buy LinkedIn for $26bn
Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash. The software giant will pay $196 a share - a premium of almost 50% to Friday's closing share price. The deal will help Microsoft boost sales of its business and email software. Microsoft said that LinkedIn would retain its "distinct brand, culture and independence". Ben Wood, head of r...
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Despite a tough week, S&P and Dow up in April Despite a tough week, S&P and Dow up in April
Coming on the heels of the worst day for stocks since mid-February, U.S. shares were under pressure again Friday as investors reacted to a mixed earnings season, the latest moves or lack of moves from the world's central bankers and fresh incoming economic data. The Dow Jones industrial average, which tumbled 211 points Thursday, its worst one-day point drop since Feb. 11, fell 56 points, or 0....
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India revokes passport of drinks tycoon Vijay Mallya India revokes passport of drinks tycoon Vijay Mallya
India has revoked the passport of business tycoon Vijay Mallya accused of hiding in Britain over huge debts from his defunct Kingfisher Airlines. There is an arrest warrant for Mr Mallya and Delhi says it is considering seeking his deportation from the UK. The flamboyant businessman is known as India's Richard Branson for his investment in aviation, Formula 1, Indian cricket and the drinks i...
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Post-Brexit trade deal with US could take 10 years, Obama warns Post-Brexit trade deal with US could take 10 years, Obama warns
The UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, Barack Obama has said. In a BBC interview, the US president said: "It could be five years from now, 10 years from now before we were able to actually get something done." Britain would also have less influence globally if it left, he added. His warning over UK-US trade deals has angered campaigners ...
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You've been offered a great job in a difficult location. Would e You've been offered a great job in a difficult location. Would e
Deborah Manzoori left behind a career as a licensed insolvency practitioner last September to follow her husband, a chartered engineer who designs jet engines, on a two-year placement to India. But when the 46-year-old Brit landed in Bangalore, India with her husband and 9-year old daughter, she realised that she wasn’t just giving up her job; as a trailing spouse she was also giving up some inde...
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Ford Mustang - Germany's favorite sports car Ford Mustang - Germany's favorite sports car
In Germany, the land of the Autobahn, where speed is regarded as a national right, the best-selling sports car last month wasn't the locally-built Porsche 911. It was the Ford Mustang. The Mustang, built in Flat Rock, Mich., is still a novelty in Europe, where it went on sale for the first time last summer. During the Mustang's most recent redesign for the 2015 model year, Ford executives de...
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The 11 top U.S. companies targeted by China The 11 top U.S. companies targeted by China
China is looking to buy American - at a never-before-seen clip. Starwood Hotels & Resorts (HOT) is just the biggest and latest target. Chinese investors and buyers have announced plans to spend $39 billion so far this year buying U.S. companies, says Richard Peterson, senior director at S&P Global Market Intelligence. This whopping total includes Anbang Insurance Group's offer for hotel chain S...
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Bank of England governor says EU has helped UK economy Bank of England governor says EU has helped UK economy
The governor of the Bank of England has said that Britain's membership of the EU has reinforced the "dynamism of the UK economy". In a pre-hearing letter to the Treasury Committee, Mark Carney said that the relationship had helped the UK to grow. In a sometimes fractious exchange with MPs on the committee, Mr Carney denied claims he was "pro-EU". Conservative MP Jacob Rees-Mogg accused hi...
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