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 kids have finished school and it’s time for the great summer getaway, with millions of Brits setting off on their holidays. It’s likely to be a busy time on the roads, with the RAC predicting a “weekend of woe”. The motoring organisation says some 13.8 million trips could be made between Friday … Read more
John Lewis has got the green light to build homes in a ground-breaking first for the department store chain. Bromley Council approved the plans for a block of 353 rental flats above an existing Waitrose shop in the London borough on Thursday. “This now gives us the opportunity to enhance the local area,” said John … Read more
Drivers are still paying too much for fuel, the UK’s competition watchdog has warned, with high prices costing motorists £1.6bn last year alone. The Competition and Markets Authority (CMA) said that weakened competition in the fuel sector is impacting drivers’ wallets. It found that supermarkets’ profit margins – which is the difference between the price … Read more
Chancellor Rachel Reeves has confirmed she will reveal a Treasury audit of public spending pressures inherited by the new government, which could see claims of a “black hole” worth tens of billions of pounds. Attending the G20 finance ministers summit in Rio de Janeiro, the chancellor said the statement to Parliament on Monday would show … Read more
Getty Images Renting storage is much cheaper than renting an office Walking the endless corridors of Apple Storage in downtown Toronto, it’s not hard to see why business is booming. Behind one metal shutter, hundreds of candles are being boxed ready to be shipped around the world, behind another another an e-bike repair shop fixes … Read more
OpenAI is working on adding new powers to its artificial intelligence (AI) bot, as it seeks to edge out Google as the go-to search engine. The company said it was trialling a search feature that incorporates real-time information into its ChatGPT product, allowing the bot to respond to user questions with up-to-date information and links. … Read more
Sainsbury’s has issued an apology after a term used by racists online was discovered in an online listing for school trousers. The trousers feature a reinforced knee and a grow hem, handy features for childrenswear. However when the two details were put side-by-side in the listing’s title, it spelled out a phrase used by racists … Read more
Getty Images Economic growth picked up in the US this spring, raising hopes that the world’s largest economy will be able to get inflation under control while avoiding a painful slowdown. The economy expanded at an annual rate of 2.8% over the three months to June, lifted by brisk consumer spending, the Commerce Department said … Read more
Former Liberal Democrat leader Sir Vince Cable has said he was initially unaware the Post Office prosecuted its own sub-postmasters, despite leading the privatisation of the group. Sir Vince, who was business secretary between 2010 and 2015, was giving evidence on Wednesday to the inquiry into the Post Office IT scandal. Under questioning from Jason … Read more
The Treasury has denied that copper coins are to be phased out after it ordered no new 1p and 2p pieces from the Royal Mint this year. “We are not scrapping 1p or 2p coins,” a Treasury spokesperson told the BBC. They added that the lack of orders was due to there being enough coins … Read more