Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation
Getty Images The future of River Island is in the balance ahead of a crucial court ruling on the fashion chain’s restructuring plans. The British chain – which once collaborated with Rhianna – revealed in June that it intends to close 33 shops in the UK, putting hundreds of jobs at risk, and also wants … Read more
The UK government’s finances should be assessed only once a year to avoid “overly frequent” changes to policy, the International Monetary Fund (IMF) has suggested. At the moment, the government’s independent forecaster – the Office for Budget Responsibility (OBR) – has to produce two forecasts a year for the economy and public finances, and to … Read more
Retail sales rose in June as warm weather boosted fuel and supermarket sales, according to official data. Sales volumes increased by 0.9% in the month, the Office for National Statistics (ONS) said. Supermarkets reported people buying more drinks, while fuel sales were up as consumers “ventured out and about in the sunshine”, the ONS said. … Read more
An $8bn (£5.9bn) merger between Paramount Global and Skydance Media has been approved by the US Federal Communications Commission (FCC). The merger between the independent film studio and one of Hollywood’s oldest and most storied companies was first announced in 2024. The approval came just weeks after Paramount Global agreed to pay $16m (£13.5m) to … Read more
Four traders are appealing to have their rate-rigging convictions overturned after the Supreme Court quashed two rate-rigging cases on Wednesday. Jay Merchant, Jonathan Mathew, Philippe Moryoussef, and Christian Bittar are seeking acquittal following the victory of traders Tom Hayes and Carlo Palombo. All of the traders were convicted of manipulating the interest rates used for … Read more
Suzanne Bearne Technology Reporter Fermentalg There are hundreds of thousands of microalgae species French firm Fermentalg has been all over the planet in its search for useful microalgae. “One of our lucky scientists got to go and climb the volcanoes in the Caribbean for example, and I have to restrain myself from collecting more every … Read more
A US tech company’s chief people officer who was apparently caught on a big screen at a Coldplay concert embracing the company’s CEO has resigned. Kristin Cabot is no longer working for Astronomer, the firm told the BBC in a statement. Her departure follows that of Andy Byron, the company’s former CEO, who left last … Read more
Getty Images Donald Trump is set to make the first visit by a sitting president to the US central bank in roughly two decades as his pressure on the Federal Reserve intensifies. Trump will tour buildings undergoing a $2.5bn (£1.8bn) renovation, which the White House has accused Fed chairman Jerome Powell of mismanaging. The attack … Read more
Paul Kirby Europe digital editor Bloomberg via Getty Images Failure to reach a deal would lead to 30% US tariffs and EU countermeasures targeting US exports The European Union has said it believes a deal on trade tariffs with the US is “within reach”, ahead of a 1 August deadline when President Donald Trump has … Read more
Helen Catt Political correspondent Reuters The government has increased the maximum price it will pay to companies for the electricity generated by new wind farms. It comes as ministers are trying to meet challenging pledges to bring down household bills and create an electricity grid that it is almost entirely free of fossil fuels by … Read more