Business

China economy: Third quarter growth misses expectations

[ad_1] Image copyright Getty Images China's economy grew at its slowest pace since the early 1990s in the third quarter, official figures showed. In the three months to September, the economy expanded 6% from a year earlier, falling just short of expectations for 6.1% growth. The slowdown comes as China battles a raft of economic challenges including a damaging trade war with the US.The government has moved to boost the
Business

IMF: What is it and why does it matter?

[ad_1] Image copyright Getty Images/AFP The people charged with protecting the world's economy are meeting in Washington this week.The decisions made by the International Monetary Fund (IMF) affect people around the world. But what is the IMF, why is it important, and what criticism does it face?What is the IMF?The IMF is an international organisation with 189 member countries. They work together to try to stabilise the global economy. Any
Business

Banning out-of-hours email ‘could harm employee wellbeing’

[ad_1] Image copyright Getty Images Banning staff from accessing their work emails outside office hours could do more harm than good to employee wellbeing, a study suggests.University of Sussex researchers found while a ban could help some staff switch off, it could also stop people achieving work goals, causing stress.Companies are increasingly curbing email use to tackle burnout. France has even legislated on the issue.But human resources body CIPD said
Business

Savile Row tailors caught up as US tariffs come in

[ad_1] Image copyright Richard James Sean Dixon, co-founder of Richard James, says the Savile Row tailor feels "a bit like collateral damage".He and the other bespoke tailoring firms who line the world-famous London street feel bruised because, from Friday, every suit they sell to the US faces a new export tax of 25%. They are on a list of products the US is targeting with tariffs in retaliation for the
Business

NBA facing ‘substantial’ losses over China dispute

[ad_1] Image copyright Getty Images Image caption Yao Ming played for the Houston Rockets between 2002 and 2011 boosting the team's popularity in China The US National Basketball Association has suffered "substantial" losses after an online comment from a team executive prompted a crisis in its relations with China, the NBA's head has said."The financial consequences have been, and may continue to be, fairly dramatic," Adam Silver said.Earlier this month
Business

BA passengers: Cabin fumes affected our health

[ad_1] Passengers on a British Airways flight to Valencia which filled with smoke mid-air have told the BBC they are still experiencing breathing difficulties two months on. BA said it could not comment for legal reasons. It said it was waiting for the outcome of a Spanish air accident investigation, which is examining why the cabin of flight BA422 to Valencia in August filled with smoke shortly before landing. Transport
Business

Kevin McCloud property firms face liquidation

[ad_1] Image copyright Getty Images Image caption TV presenter Kevin McCloud founded the two companies, which have called in the liquidators People who put money into two businesses started by Grand Designs star Kevin McCloud face the prospect of losing almost their entire investment.HAB Land Finance, named after Mr McCloud's Happiness Architecture Beauty brand, raised £2.4m from 280 people.But investors could be almost wiped out after the company and its
Business

Pound’s gains erased amid Brexit deal jitters

[ad_1] Image copyright Getty Images The rally in the pound triggered by news of a Brexit agreement has failed to last following concerns that the deal could still be scuppered.Sterling had surged to a five-month high against the dollar, coming close to $1.30, after the UK and EU's negotiating teams agreed a deal.However, the pound began to lose ground after Northern Irish party the DUP said it would not vote
Business

Tesla gets the go-ahead to build cars in China

[ad_1] Image copyright Getty Images Image caption Mr Musk met Shanghai Mayor Ying Yong in January as work began on the new Gigafactory 3 Tesla has been given the green light to start manufacturing its cars in China.The electric carmaker, which is run by billionaire Elon Musk, is building a $2bn (£1.5bn) factory in the eastern city of Shanghai.Tesla plans to build at least 1,000 of its Model 3s each
Business

Christian Dior apologises to China over map error

[ad_1] Image copyright Getty Images Christian Dior has become the latest foreign brand to apologise to China for misrepresenting its territory.The French luxury brand was criticised on Chinese social media site Weibo for reportedly using a map of China that excluded Taiwan at a presentation.The company apologised for the "mistake in representation" made by one of its employees.Fashion brands including Versace, Givenchy and Coach have recently been caught up in