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
Fred Smith, founder of the US parcel delivery giant Federal Express, has died at the age of 80, the company has announced. Mr Smith founded the firm in 1973 having previously served in the US Marine Corps. He ran the company as CEO until 2022. “Fred was more than just the pioneer of an industry … Read more
Helen Drew & Olivia Demetriades BBC News, London Getty Images The average cost of an attended funeral in London in 2024 was £5,449 The average cost of an attended funeral in London is the most expensive compared with anywhere else in the UK, according to a report. Financial services company SunLife found that the average … Read more
North Tyneside Council Rachel Fairless was referred to the scheme by the council’s care leavers team A care-experienced woman says volunteering at a new social supermarket has helped her develop her communication skills. Rachel Fairless is part of a team running the new pantry at the Riverside Family Hub in North Shields, helping families who … Read more
Nic Rigby BBC Politics East Andrew Sinclair/BBC Lauren Finch is hoping to get on the housing ladder The government wants 1.5 million new homes to be built in England by 2029 but, with the average house in the East costing £332,000, about nine times the average salary, what chance do young people have of getting … Read more
Kevin Peachey Cost of living correspondent Getty Images Students are being urged not to suffer in silence when targeted by scams on dating apps, as investigators see blackmail cases rise. Fraud teams at Nationwide, the UK’s biggest building society, said trusted friends could help potential victims avoid sending private or intimate images during new online … Read more
Josh Sandiford BBC News, Wolverhampton BBC Jane Platt is a volunteer helping others even though she is struggling herself Jane Platt’s bright pink polo shirt marks her out as a volunteer at the Big Venture Centre. The community shop provides discounted items and other help to people living in some of the most deprived areas … Read more
Tom Espiner Business reporter, BBC News Getty Images River Island plans to close 33 shops in the UK in a move which puts hundreds of jobs at risk. The clothing retailer said more people shopping online and higher costs to run stores were behind its proposals to creditors. It also wants its landlords to cut … Read more
The government has “stepped up” preparations for the potential temporary nationalisation of Thames Water, the environment secretary has said. Speaking in Parliament on Thursday, Steve Reed said the government “stand ready for all eventualities” – including placing the embattled water company under its control “if that were to become necessary”. Earlier this month, Thames Water … Read more
A “dismal” month for supermarkets led to UK retail sales falling in May at the fastest pace for more than a year, official figures show. Sales volumes dropped 2.7% in May, the biggest monthly fall since December 2023, according to the Office for National Statistics (ONS). Food retailers saw lower sales of alcohol and tobacco … Read more
Peter Hoskins Business reporter, BBC News Pavel Durov/Instagram The multi-billionaire founder of instant messaging app Telegram, Pavel Durov, says he has fathered more than 100 children. “The clinic, where I started donating sperm 15 years ago to help a friend, told me that more than 100 babies had been conceived this way in 12 countries,” … Read more