Business

Trump plays down fears of US recession

[ad_1] Image copyright Getty Images Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing "tremendously well".The US president said he did not see a recession - usually defined as when an economy shrinks for two consecutive quarters.White House economic adviser Larry Kudlow also said there was "no recession in sight".Last week, financial markets indicated a recession
Business

Chancellor: I won’t shift stamp duty to sellers

[ad_1] Image copyright Getty Images Chancellor Sajid Javid has said he has no plans to make house sellers rather than buyers pay stamp duty tax. "I wouldn't support that," the chancellor said in a tweet on Sunday.His comments came after the Times reported on Saturday that Mr Javid was considering the idea, to save first-time buyers from paying the tax."I know from the Ministry of Housing, Communities and Local Government
Business

The floating farm for cows

[ad_1] A herd of cows is living on a floating farm in the middle of Europe's busiest port of Rotterdam.The animals are part of an experiment to produce food more sustainably, and closer to people.Peter van Wingerden, founder of Beladon, told BBC Radio 5 Live: "No matter how much rain falls, no matter how high sea level goes, we can always produce our life-essential, healthy food."For more Focus on Farming
Business

Didcot power station: Power cut as cooling towers demolished

[ad_1] Media playback is unsupported on your device Media captionThe moment Didcot power station cooling towers were demolished Thousands of households lost electricity moments after a disused power station's remaining cooling towers were demolished.Didcot A's 375ft (114.3m) high towers were brought down using explosive charges at 07:00 BST.Moments later, witnesses said, a nearby electricity pole went up in flames.Scottish and Southern Electricity Networks (SSEN) said material related to the demolition
Business

Lidl lines up suppliers to cover no-deal costs

[ad_1] Image copyright Getty Images Image caption Tariffs on food such as beef and milk can be high Lidl's Irish business has reminded British suppliers they are expected to pay any EU import tariffs imposed on goods crossing borders after Brexit.Currently, as both countries are member states, no tariffs are paid.But Lidl's current contracts with suppliers contain a clause saying goods must be delivered with tariffs paid.The supermarket said it
Business

Argentina’s economy minister resigns as peso sheds value

[ad_1] Image copyright AFP Image caption Nicolas Dujovne resigned on Saturday after a week of economic turmoil Argentina's economy minister Nicolas Dujovne has resigned amid a financial crisis exacerbated by the president's defeat in a primary poll. The country's peso shed 20% of its value against the US dollar after President Mauricio Macri suffered the resounding loss last Sunday. In a letter to the president, Mr Dujovne said he had
Business

Lime and soda? No thanks, say non-drinkers

[ad_1] Image copyright SEEDLIP Image caption Ben Branson, founder of Seedlip: 'What do you drink when you're not drinking?' The days of lime and soda are over. "Sugary, carbonated or fruit-based juice drinks just won't do" for those seeking a booze-free alternative.At least, that is the view of Seedlip, which claims to be making the world's first distilled non-alcoholic spirits."We exist to solve this dilemma. What do you drink when
Business

New board to oversee completion of Ferguson ferries

[ad_1] Image copyright Getty Images Image caption An order for CalMac ferries has been at the centre of a dispute The Scottish government has set up a board to deal with the completion of two ferries being built at the now publicly-owned Ferguson shipyard.It took control of the base in Port Glasgow on Friday after bosses at the yard served notice of intent to put the business into administration.This would
Business

Hong Kong protests: ‘We don’t want to leave but may have no choice’

[ad_1] Image copyright Miro Image caption Taylor Host and Jamie Wilde are moving the HQ of their firm Miro out of Hong Kong Hong Kong seemed an obvious place for co-founders Jamie Wilde and Taylor Host to set up their artificial intelligence start-up.They had lived there for several years and knew the financial hub well. "It's a business-friendly jurisdiction, easy to build a professional team and it's easy to raise
Business

Share trading in London delayed by technical issue

[ad_1] Image copyright Getty Images Trading in the biggest shares listed on the London Stock Exchange was delayed for more than an hour, in the longest outage in more than eight years.Shares in the FTSE 100 and FTSE 250 indexes were affected, although smaller stocks traded as normal at 08:00.Trading resumed at 09:40 - the longest closure since February 2011, when it was shut for more than four hours.The last