Business

Cryptocurrency firm KeepKey offers 30 Bitcoin reward for arrest of ransom-hungry hacker
January 10, 2017
Business

Cryptocurrency firm KeepKey offers 30 Bitcoin reward for arrest of ransom-hungry hacker

KeepKey, a firm that produces a hardware wallet used to store cryptographic keys for virtual currency, is offering a 30 Bitcoin (£22,379, $27,540) bounty for tips leading to the arrest of a hacker who tried to hold the company's founder to ransom after breaking into his personal accounts. Darin Stanchfield, chief...

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6 days ago
Commodities Round-up: Oil heads sideways, gold slides as traders book profits on recent highs
January 08, 2017
Business

Commodities Round-up: Oil heads sideways, gold slides as traders book profits on recent highs

Oil headed sideways while gold futures slid on Friday (6 January), after a strong US jobs report boosted the dollar, and traders booked profits on recent commodity contract highs. The US economy added less jobs than expected in December, but wages increased at the fastest pace since 2009, according to Department of Labor's...

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1 week ago
Ford scraps plans for $1.6bn Mexican plant in favour of US factory following Trump criticism
January 03, 2017
Business

Ford scraps plans for $1.6bn Mexican plant in favour of US factory following Trump criticism

Car giant Ford Motor Company said it will cancel plans to build a new $1.6bn (£1.3bn) plant in Mexico, deciding to instead invest $700m and add 700 jobs at an existing Michigan factory, following sustained criticism from US President-elect Donald Trump. Trump has strongly criticised major US firms for moving jobs outside...

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2 weeks ago
Boss of Japan’s biggest ad agency resigns after suicide of overworked employee
December 29, 2016
Business

Boss of Japan’s biggest ad agency resigns after suicide of overworked employee

The head of Japan's largest advertising agency is to resign, following the suicide of a young graduate who worked hundreds of hours of overtime. Dentsu president Tadashi Ishii said he would tender his resignation at a January 2017 board meeting after six years at the helm of one of the country most respected businesses. The...

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3 weeks ago
Now you can fly to New York for only £56 – but there’s a bit of a catch
December 29, 2016
Business

Now you can fly to New York for only £56 – but there’s a bit of a catch

You will soon be able to fly from the UK to New York for just £56 – but there’s a catch. The price from Norwegian Airlines sounds great on the face of it, who wouldn’t want to pay less than £60 for a one-way flight across the Atlantic Ocean. But you will have to be willing to make a few sacrifices...

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3 weeks ago
West Ham linked with £200m Red Bull takeover bid
December 26, 2016
Business

West Ham linked with £200m Red Bull takeover bid

Red Bull’s desire to expand into the English Premier League appears to have taken them to London after it emerged that the energy drinks giant is looking at a takeover bid for West Ham United, according to reports. Red Bull already own clubs in Germany, Austria and the United States, and recently sold off a team in Ghana...

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3 weeks ago
Canadian firm CCL to acquire UK’s new £5 note maker Innovia for £680m
December 21, 2016
Business

Canadian firm CCL to acquire UK’s new £5 note maker Innovia for £680m

CCL Industries has agreed to acquire UK's high-tech film maker Innovia Group, which is the current supplier of Bank of England's (BoE) new £5 plastic notes. The Canadian label and packaging maker made the announcement on Monday (19 December). The Ontario-headquartered company said that the deal value would stand...

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4 weeks ago
US Marshal arrested for pointing gun at McDonald’s cashier
December 19, 2016
Business

US Marshal arrested for pointing gun at McDonald’s cashier

He’s not “lovin’ it.” An impatient U.S. Marshal tired of waiting for his food at a Brooklyn McDonald’s pulled a gun on a cashier hoping it would expedite service — but was instead arrested, cops said Sunday. Deputy Marshal Charles Brown entered the fast food joint in Bay Ridge around 1:20...

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4 weeks ago
Brits will spend £2.6 billion today as high streets get set for ‘Panic Saturday’
December 17, 2016
Business

Brits will spend £2.6 billion today as high streets get set for ‘Panic Saturday’

It’s probably just dawned on you – it’s the last weekend before Christmas. And you haven’t done your shopping yet. The realisation is setting in. You’ll have to head out – with MILLIONS of other shoppers. That’s right folks – get set for chaos of epic proportions as today is,...

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1 month ago
Commodities round-up: Gold, oil futures slide as Fed meeting approaches
December 15, 2016
Business

Commodities round-up: Gold, oil futures slide as Fed meeting approaches

  Crude oil and precious metals headed lower on Tuesday (13 December) ahead of the US Federal Reserve's monetary policy meeting slated for Wednesday, with the market pricing in a 25 basis point rate hike for the first time in 12 months. Both gold and silver took a pounding. The Comex gold contract for February delivery...

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1 month ago
Tata Steel needs to overcome major hurdles to save Port Talbot plant, warns Pensions Regulator
December 11, 2016
Business

Tata Steel needs to overcome major hurdles to save Port Talbot plant, warns Pensions Regulator

While Tata Steel's decision to invest £1bn ($1.26bn) in its UK business could save the Port Talbot plant from closing down, it still faces some major hurdles, The Pensions Regulator (TPR) has warned. The UK non-departmental public body said these hurdles were related to Tata Steel's UK pension scheme. The...

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1 month ago
Saudi Arabia informs US and European customers of oil supply cuts from January
December 10, 2016
Business

Saudi Arabia informs US and European customers of oil supply cuts from January

Saudi Arabia is said to have told its customers across the US and Europe that it will be cutting down on its crude shipments from January. The world's second largest oil country in terms of proven reserves, has reportedly said that the move was in line with the outcome of the Organization of the Petroleum Exporting...

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1 month ago
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