Business

Retailer Orla Kiely ceases trading

Image copyright Orla Kiely Image caption Orla Kiely has ceased trading British handbag and homeware retailer Orla Kiely has announced that it is closing its stores and website. Orla Kiely ceased to trade as of 17 September as its parent company, Kiely Rowan, has gone into administration. The retailer’s stores in London’s King’s Road and […]

Business

House prices rise fastest in North West

Image copyright Getty Images House prices in the North West rose the fastest in the UK compared with a year ago, according to official figures. Annual growth in property values in the region stood at 5.6% by July, the Office for National Statistics (ONS) said. The biggest fall was in London, where prices dropped by […]

Business

Sony unveils mini PlayStation Classic console

Image copyright Sony Image caption Sony’s PlayStation Classic is 45% smaller than the original. Sony has announced a miniature version of the first PlayStation console, which originally launched in 1994. The mini version will come with 20 retro titles, including Final Fantasy VII and Tekken 3. The PlayStation Classic is around half the size of […]

Business

The weird and wonderful life of Elon Musk

Image copyright Reuters Image caption Elon Musk announcing the first private passenger it plans to fly around the moon Elon Musk is one of the world’s most prominent business figures. His latest headline-grabber is the announcement of the first paying passenger his SpaceX venture plans to fly around the Moon. There are also his extraordinary […]

Business

Millions overcharged for mobile contracts

Image copyright Reuters About four million people have been charged for mobile phones they already own, spending £500m extra on contracts, according to Citizens Advice. Three of Britain’s biggest mobile networks, EE, Three and Vodafone, continue to charge for handsets even after the cost has been paid off. Many customers have no idea they are […]

Business

Qantas eyes non-stop London-Sydney flights

Image copyright QANTAS Image caption Qantas already operates non-stop flights between London and Perth Australian airline Qantas will place an order next year for planes capable of making the 20-hour flight between London and Sydney. Chief executive Alan Joyce told the BBC he was in advanced discussions with planemakers Airbus and Boeing. Flights could start […]

Business

Tesla provides documents in DoJ probe

Image copyright Reuters Tesla says it is cooperating with the US Department of Justice following boss Elon Musk’s tweets about de-listing. The electric-car firm said it had received “a voluntary” request for documents, but it had “not received a subpoena, a request for testimony, or any other formal process”. Its statement followed a Bloomberg report […]

Business

Apple pays disputed Irish tax bill

Image copyright Getty Images Image caption Apple’s European headquarters in Cork city centre, southern Ireland Apple has paid the Irish government €14.3bn (£12.7bn), money that the European Commission ruled the tech giant owed due to illegal tax breaks. Ireland’s Finance Ministry said the payment was a “significant milestone”, although Dublin insists Apple was not given […]