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
Former Wall Street investor, Sung Kook “Bill” Hwang, has been sentenced to 18 years in prison in a massive fraud case that cost banks billions of dollars. The sentence comes after Hwang was found guilty of fraud and market manipulation in a case linked to the failure of his investment fund Archegos Capital Management in … Read more
Getty Images A number of countries including the UK are building new nuclear power stations A decade ago, it seemed as though the global nuclear industry was in an irreversible decline. Concerns over safety, cost, and what to do with radioactive waste had sapped enthusiasm for a technology once seen as a revolutionary source of … Read more
Indian billionaire Gautam Adani has been charged with fraud in the US, which has accused him of orchestrating a $250m (£198m) bribery scheme and concealing it to raise money in the US. The criminal charges, filed on Wednesday in New York, are the latest blow to 62-year-old Mr Adani, one of India’s richest men, whose … Read more
A £195,000 bonus awarded to the boss of Thames Water should not be paid for by customers, regulator Ofwat is expected to say on Thursday. The BBC understands the regulator will say that any bonuses paid should be borne by owners and lenders to the company rather than paid by customers, Thames Water chief executive … Read more
Getty Images More social housing tenants could be stopped from buying their own homes as part of a shake up of Right to Buy policy. Under the proposals, tenants may have to wait more than ten years to buy their homes and those living in newly built social homes may never be able to buy. … Read more
Ford Ford has announced it will cut 800 jobs in the UK over the next three years. The move is part of a major restructuring programme, which will see 4,000 posts closed across Europe as a whole. The company said it had to act because of difficult trading conditions, including intense competition and weak demand … Read more
The inflation rate increased to 2.3% in October, well below the level at which it peaked two years ago. But you would be wrong to think the cost of living crisis is over. At energy firm Utilita’s Hampshire call centre on a very cold day earlier this week, I witnessed the cost of living pressures … Read more
Ashley Pickering Felixstowe opened its £300m South Quay expansion about 15 years ago A major container shipping company has announced it will no longer use the Port of Felixstowe from next year. Maersk said its use of the Suffolk port would cease from February following the “Gemini Co-operation” review of its network. The firm said … Read more
Getty Images A rise in energy prices pushed UK inflation to its highest rate for six months, official figures show. The inflation rate, which measures price changes over time, hit 2.3% in the year to October, a bigger-than-expected increase from 1.7% in September. Annual gas and electricity bills for a typical household went up by … Read more
US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime. The BBC understands that the plan – set to be announced on Wednesday – is to create a new company that will include channels … Read more