Business

Zimbabwe's cash-strapped tobacco farms

The start of the tobacco marketing and selling season has brought in some much-needed hard currency to the Zimbabwean economy. The leaf is the country’s second biggest export after gold and almost all of the annual crop goes to China, South Africa and Germany. But small-scale farmers are not achieving high enough prices for their […]

Business

Cycle courier wins holiday pay battle

Image copyright Reuters An employment tribunal has ruled that a self-employed courier for the firm Excel was actually “a worker”. Cycle courier Andrew Boxer argued he was entitled to one week of holiday pay based on his work for Excel. The tribunal said his claim was “well-founded” and that the firm “unlawfully failed to pay […]

Business

Eurozone growth nears six-year high, survey data suggests

Image copyright Getty Images Image caption France’s services sector helped to fuel eurozone business growth Eurozone businesses grew at the fastest rate in nearly six years in March, led higher by France and Germany, a closely-watched survey has indicated. The latest Markit Composite Purchasing Managers’ Index (PMI) rose to 56.7 from February’s 56.0. A reading […]

Business

Co-op Bank sale plan attracts suitors

Image copyright Getty Images The Co-operative Bank has said a number of “credible” potential buyers have expressed interest since it put itself up for sale last month. It added, however, that there could be “no certainty that an offer for the bank will be made”. The bank, in which the Co-operative Group still has a […]

Business

Deutsche Bank commits to new London office

Image copyright Getty Images Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit. Germany’s biggest lender is in exclusive talks for a 25-year lease on a new building. Garth Ritchie, UK chief executive of Deutsche, told staff […]

Business

Robots to affect up to 30% of UK jobs, says PwC

Image copyright AFP Robotics and artificial intelligence could affect almost a third of UK jobs by the 2030s, according to a study. However, the report from accountancy firm PwC also predicted that the nature of some occupations would change rather than disappear. It added that automation could create more wealth and additional jobs elsewhere in […]

Business

Samsung Electronics chief says sorry for scandal

Image copyright Reuters Samsung Electronics has apologised to shareholders for its role in a corruption case that led to South Korea’s president being impeached. “I’m sorry for the scandal,” chief executive Kwon Oh-hyun said at the company’s annual meeting in Seoul. Samsung Group boss Jay Y. Lee is accused of bribing a friend of the […]

Business

Why Apple's red iPhones are not 'Red' in China

Image caption Apple’s special-edition red iPhone 7 and 7plus launch in over 40 countries, including China, on Friday Apple’s latest iPhone might be red, but it’s not Red in China. The special-edition version of the iPhone 7 and 7plus goes on sale in more than 40 countries, but China has done it slightly differently. The […]

Business

Ads in your eye

Image copyright Lightvert Image caption Blink and you’ll miss it Passers-by on a London street were recently amazed to see a fleeting image of a pink tongue protruding from fruitily plump lips, seemingly suspended in mid-air. It was the famous logo for the Rolling Stones and was part of an experiment by tech start-up Lightvert. […]

Business

New broom

Image copyright EPA Image caption Game faces on: The drivers are gearing up for the new season Much has changed in Formula 1 since Lewis Hamilton took the chequered flag at last year’s season finale in Abu Dhabi. The reigning world champion, Nico Rosberg, has walked off into the sunset. The cars have evolved, with […]