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
Adam Hancock Business reporter, BBC News Xia Yu/VCG via Getty Images Whether you reckon they are cute, ugly or just plain weird, chances are you have heard of the furry dolls that have become a global sensation – Labubu. Born a monster, the elf-like creature from Chinese toy maker Pop Mart is now a viral … Read more
The UK government has pledged more money for “crumbling” hospitals, schools and courts as part of a ten year infrastructure strategy. It will spend £9bn a year over the next decade to fix and replace buildings, but is yet to publish a list identifying major projects such as new roads and rail lines. The strategy … Read more
Maddy Jennings BBC News, Norfolk Google Maps Professional Music Technology first opened in Norwich in 2008 A drum salesman said he is “heartbroken and devastated” by the closure of a city music shop. Professional Music Technology (PMT) went into administration in June. It first opened it’s Norfolk store in Anglia Square, Norwich, in 2008, before … Read more
Mary McCool BBC Scotland News PA Media Operators now have to carry out assessments that take emissions from burning oil and gas into account The UK government has published guidance on how it will consider fresh applications for oil and gas projects. Operators will now have to draw up new environmental impact assessments that take … Read more
Kevin Peachey Cost of living correspondent Getty Images The Bank of England is expected to keep interest rates on hold when its policymakers announce their next decision later. The Bank cut the rate to 4.25% in early May, when its Monetary Policy Committee (MPC) also hinted at more reductions to come. But analysts think those … Read more
Double the number of households in Britain will get £150 off their energy bills this winter as the government changes the rules on who qualifies for the Warm Home Discount. Anyone on means-tested benefits will automatically see the money knocked off their bills no matter what size of property they live in. While debt charities … Read more
Bloomberg/Getty People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank. The Federal Reserve stuck with that strategy on Wednesday, leaving its key interest rate unchanged, even as officials’ expectations for the economy worsened. The … Read more
Tom Espiner BBC business reporter Smart Energy GB Hundreds of thousands of households who may have been left without hot water and heating at the end of June will not immediately have their old meters switched off, the government has said. There will instead be a “cautious and targeted phase out” of Radio Teleswitch Service … Read more
AFP/Getty Japanese firm Nippon Steel has completed its long-sought takeover of US Steel, after agreeing to yield unusual control to the US government. Nippon’s $14.9bn (£11bn) purchase of the smaller American company, will create one of the world’s biggest steelmakers and turns Nippon into a major player in the US. The plan, first announced in … Read more
A baby bank has been forced to throw away supplies destined to help families after they became damp and mouldy. The group, which is based at the West Marsh Community Centre, in Grimsby, said a shipping container it uses for storage has started to leak due to its age. Leanne Hudson, one of the founders, … Read more