Business

Britain breaks coal-free power record over Easter weekend

[ad_1] Image copyright Getty Images Britain has broken its record for the longest continuous period without generating electricity from coal.The National Grid said on Monday afternoon that the coal-free period has so far lasted 89 hours.It is the longest period since the industrial revolution and breaks the previous record set in April 2018 of 76 hours and 10 minutes.The government plans to phase out Britain's last coal power plants by
Business

Asos billionaire loses three children in Sri Lanka attacks

[ad_1] Image copyright Bestseller Three of the four children of Danish billionaire Anders Holch Povlsen died in the Sri Lanka bombing attacks, a spokesman has confirmed to the BBC.The family were visiting the country over the Easter holiday. The names of the children have not been made public.Mr Holch Povlsen owns the international clothing chain Bestseller.He is also the biggest single shareholder in clothing giant Asos and is the UK's
Business

Carlos Ghosn: Former Nissan boss hit with fresh charge

[ad_1] Image copyright Getty Images Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. The 65-year-old is in detention in Tokyo and his lawyers are expected to apply for bail. Mr Ghosn, who denies any wrongdoing, has said the allegations
Business

Tesla says investigating car explosion in Shanghai

[ad_1] Image copyright Getty Images Tesla said it is investigating a video on Chinese social media that appears to show one of its vehicles bursting into flames.In a statement, the carmaker said it had sent a team to Shanghai to investigate the matter, and that there were no reported casualties.The video, which has not been verified by the BBC, showed a parked car erupting into flames. Tesla did not confirm
Business

Why the US-China rivalry will not end with a trade deal

[ad_1] Image copyright Getty Images Image caption The two presidents preside over markedly different national economic models A US-China trade deal - if it happens - is unlikely to end the rivalry between the two economic giants.Both sides have fought a trade war over the past year with damaging consequences for the global economy.But many say their dispute goes well beyond trade - it represents a power-struggle between two very
Business

Unbanked ‘pay £500 extra a year’ for bills and services

[ad_1] Image copyright Getty Images People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from a challenger bank suggests.More than 1.2 million Britons do not have a bank account, so miss out on discounts reserved for those who pay bills by direct debit, said Pockit.This ramps up the cost of energy bills, broadband and phone contracts, it
Business

Thomas Cook reportedly receives bids for firm

[ad_1] Image copyright Getty Images Travel company Thomas Cook has received approaches for parts of its business and the company as a whole, according to reports.The business put its airline up for sale in February and it said last month it would close 21 stores across the country and cut more than 300 jobs.Chinese investment firm Fosun International could be a bidder for the company's tour operating business, Sky News
Business

Without pot washers, restaurant kitchens would grind to a halt.

[ad_1] A kitchen can’t survive without the pot washer, yet we rarely give them a second thought. Being a pot washer, dishwasher or kitchen porter as it’s variably known, can be the first rung on the restaurant ladder towards becoming a chef. Vasilis Katsio, who works in London, told us about doing the job.Hear more about pot washers on The Food Chain from BBC World Service, available on BBC Sounds
Business

HMRC: Beware of tax rebate text message scams

[ad_1] Image copyright Getty Images Earlier this month John, who believed he was due a tax refund, received a text message from "InfoHM"."I was bleary-eyed from waking up early," he says. "The excitement of what my tax refund would be overwhelmed my normally pretty rational brain."He followed online instructions, and unwittingly provided personal and bank account details to online fraudsters.HM Revenue and Customs (HMRC) is now warning young adults to