Business

US fires next shot in China trade war

Image copyright Getty Images Image caption Neither the US nor China appear willing to back down The US has ramped up its trade war with China, listing $200bn (£150bn) worth of additional products it plans to place tariffs on as soon as September. The move comes just days after the two countries imposed tit-for-tat tariffs […]

Business

WPP threatens to strip Sorrell of share awards worth £20m

Image copyright Getty Images Image caption Sir Martin Sorrell WPP has threatened to take away share awards worth millions from its former chief executive Sir Martin Sorrell over his rival bid for digital production company MediaMonks. The BBC understands the share awards are potentially worth about £20m. Dutch firm Mediamonks is facing takeover bids from […]

Business

WTO boss: Protectionism 'will hit global economy'

The world economy will either contract or slow down due to protectionist trade policies, the director general of the WTO says. Roberto Azevedo also tells BBC economics editor Kamal Ahmed that Donald Trump’s rise was a result of structural tensions in the global economy. Mr Azevedo says those tensions are at the root of moves […]

Business

CO2 plant hit by power outage as sister site restarts

Image copyright Getty Images Firms waiting for supplies of CO2 have been dealt a blow after one of the UK’s main plants suffered a power outage. CO2 distributor Air Liquide has warned that its gas situation had “worsened significantly” because of a “sudden and unexpected” loss of power affecting its site at Ince, Chester, on […]

Business

World Cup economic boost could be worth £2.6bn

Image copyright PA Image caption England fans doing their bit for the economy The economy could receive a £2.6bn spending boost if England make it to the World Cup final, research suggests. And every time an England footballer scores a goal, an extra £200m may be spent in the country’s shops and pubs. Work done […]

Business

Bank of Mum and Dad: Are poorer parents more generous?

Image copyright Getty Images When it comes to topping up university maintenance loans, poorer parents may be more generous than wealthier ones. According to the National Student Money Survey, less well-off families contribute more than expected, while richer ones give less. Households with incomes of less than £25,000 are not expected to make extra payments […]

Business

Supermarkets win card fee court battle

Image copyright Getty Images Three of Britain’s biggest supermarket chains have won the latest stage of their legal battle against card operators Mastercard and Visa. The Court of Appeal confirmed two earlier rulings that the card charges – known as interchange fees – infringed EU competition law. Sainsbury’s, Argos, Morrisons and Asda have all argued […]

Business

Services surge points to August rate rise

Image copyright Getty Images Image caption Business and financial services lifted the UK’s services sector The UK services sector reported its fastest rise in activity since last October, lifting expectations of an imminent interest rate rise. The purchasing managers’ index (PMI) from IHS Markit/CIPS showed activity rose to 55.1 in June, up from 54. IHS […]