Business

US-China trade war: Trump announces new retaliatory tariff hikes

[ad_1] Image copyright AFP Image caption The increases will affect about $550bn of Chinese imports President Donald Trump has hit back at China by announcing new higher tariffs on imports - escalating a mounting trade war between the two nations.In a series of tweets on Friday, Mr Trump announced an additional tariff increase of 5% on imports from China.The move came hours after the president hit out at Chinese plans
Business

High Street: Five ways UK shopping has changed

[ad_1] Image copyright Getty Images Hardly a month goes by without news of another wave of shops shutting.So, how many shops have closed recently - and what's behind the High Street crisis?What shops are closing?A record 2,481 shops disappeared from UK High Streets last year - up 40%, according to the accountancy firm PwC and the Local Data Company. Big chains such as Toys R Us, Maplin and Poundworld went
Business

The new mobile phone scam delivering a problem

[ad_1] Image copyright Getty Images A brand-new top-of-the-range phone is delivered to your door. The package has your name on it but you don't remember ordering it.There is another knock at the door and a courier asks for the phone back explaining: "We delivered it by mistake."Would you hand it over? If you do, it could prove to be an expensive mistake.It is a scam and yet another way that
Business

Trump responds with fury over Fed chief’s speech

[ad_1] Image copyright Getty Images Image caption Some argue Donald Trump has set up Jerome Powell to be the fall guy if the economy slows Donald Trump reacted furiously on Friday after the head of the US central bank spoke about the economic risks of a trade war with China.The US president asked if Federal Reserve chairman Jerome Powell was a greater "enemy" than China's leader Xi Jinping.It followed a
Business

China escalates US trade row with new tariffs

[ad_1] Image copyright Getty Images China is set to impose a tariff of up to 10% on $75bn of goods imported from the US in a move that will increase tensions between the two superpowers.Agricultural goods, crude oil and small aircraft are among the products being targeted.The tariff is a retaliation after President Trump revealed plans for a 10% tax on $300bn of goods from China.The new tariffs will range
Business

David Koch: Billionaire Republican donor dies aged 79

[ad_1] Image copyright Getty Images Image caption David Koch Billionaire David Koch, a major donor to the Republican party, has died aged 79, according to family sources. The former majority owner of Koch Industries was ranked by Forbes below brother Charles as the 11th richest person in the world.The native of Wichita, Kansas, ran for president as a Libertarian in 1980, calling for the abolishment of several federal government agencies.The
Business

Eddie Stobart chief to leave as shares suspended

[ad_1] Image copyright Getty Images Eddie Stobart has suspended trading of its shares and announced that chief executive Alex Laffey will stand down with immediate effect, as the firm looks into an accounting error.The transport firm, known for its green lorries, revealed a £2m discrepancy in its accounts last month.Sebastien Desreumaux, currently head of iForce and Contract Logistics at Eddie Stobart, will take over from Mr Laffey.Mr Desreumaux joined the
Business

Would you let your child become a ‘kid influencer’?

[ad_1] Image copyright Waplington/Woodham family Image caption Rising Instagram star Ralphie Waplington with his mum, Stacey Woodhams Social media "influencers" - people who promote goods and services for money online - are getting younger and younger it seems. And services are springing up to teach parents and kids just how to do it.Ralphie Waplington is just two-and-a-half years old, yet he has almost 20,000 followers on Instagram.His page features pictures
Business

How bingo became a million dollar idea

[ad_1] Bingo. It's a game that had been played in Europe for centuries but it took an American entrepreneur in the early 20th Century to realise that he could give it a neat new name and turn it into a multi-million dollar business. Aaron Heslehurst tells the story. [ad_2] Source link
Business

The future of food: Why farming is moving indoors

[ad_1] Image copyright Square Roots Image caption Tobias Peggs says the fledgling industry is still developing the right business models A car park opposite the infamous New York City housing estate where rapper Jay-Z grew up seems an unlikely place for an agricultural revolution.Ten shipping containers dominate a corner of the Brooklyn parking area, each full of climate control tech, growing herbs that are distributed to local stores on bicycles.