Business

Uber loss tops $1bn loss ahead of planned IPO next year

[ad_1] Image copyright Getty Images Uber posted a loss of $1.07bn (£821m) in the three months to September, as the ride-sharing firm prepares for a public stock offering next year. The US company's net losses widened sharply on a quarterly basis as revenues rose only slightly.Uber was recently valued at $72bn, making it one of the most valuable privately held firms in the world.But it is under pressure to become
Business

Will superfast 5G mobile be worth it?

[ad_1] Superfast 5G mobile promises much better download and browsing speeds, the ability to power the internet of things, and a signal for everyone even when we're all using our phones at the same time.But we'll need to fork out on new 5G-compatible phones, 5G services could be expensive, and rural areas might not benefit - at least not immediately.So will it be worth it?Animation: Zoe Bartholomew. Reporter: Matthew Wall
Business

Should we pay people for donating blood or not?

[ad_1] Image copyright Getty Images Image caption The global blood plasma industry will be worth $44.3bn by 2022, according to one estimate Scotty Hearron says he was a "broke college student" the first time he got paid for donating some of his blood plasma.This was a few years ago when he was at university in Oregon.Having plasma extracted eight times over a four-week period (the maximum allowed in the US)
Business

Parents spending heavily on mystery toys

[ad_1] Image copyright Getty Images Image caption Collectables like this have seen speedy sales growth Parents are spending heavily on mystery toys as a craze in wrapped-up collectables is set to dominate Christmas sales.Sales of collectable toys - such as the L.O.L. range - have risen by 30% in the year so far, compared with the same period of 2017.They now account for three in 10 of toys sold, analysts
Business

Hand car washes should be licensed say MPs

[ad_1] Image copyright Justin Sullivan/Getty Hand car washes should be required to have a licence to operate in an attempt to prevent "modern slavery in plain sight", according to MPs. The Environmental Audit Committee has been conducting an enquiry into fears that cheap hand car washes exploit workers and damage the environment.MPs said more than a quarter of calls to the Modern Slavery Helpline were from car wash workers.Cheap hand
Business

Sterling rallies after May announces cabinet backs deal

[ad_1] Image copyright Getty Images The pound has rallied after the Prime Minister announced she had the backing of the cabinet for her Brexit withdrawal plan.It followed a volatile day's trading while the outcome of Theresa May's five-hour meeting with cabinet colleagues remained unclear.The pound reached $1.30 following the announcement, having fallen to $1.28 in mid-afternoon.It then fell back slightly against both the dollar and the euro.British pound against US
Business

Ford Bridgend: Ineos Land Rover Defender decision expected

[ad_1] Image copyright PA Image caption The AJ production line in Bridgend Ford closed for five days from 29 October A decision on whether a new off-road car will be made by Ineos Automotive in Bridgend is expected within days following a board meeting this week, BBC Wales understands.It is believed Ford in south Wales is in competition with a site in Portugal to build the new Land Rover Defender.A
Business

Ex-UBS trader Kweku Adoboli being deported

[ad_1] Image caption Kweku Adoboli has not lived in Ghana since he was four Kweku Adoboli, the former UBS trader convicted of fraud, will be deported to Ghana on Wednesday, campaigners have said.His MP, Hannah Bardell, said he would be flown out of Heathrow in the early evening after being detained on Monday night. She said Adoboli, who has lived for 26 years in the UK, was in a distressed
Business

May hints at U-turn over fixed-odds betting terminals

[ad_1] Media playback is unsupported on your device Media captionWhat are fixed-odds betting terminals?Theresa May is facing the possibility of having to make a U-turn over fixed odds betting terminals (FOBTs).More than 70 MPs have called on the government to cut the largest wager on FOBTs from £100 to £2 in April, as originally planned, and not October.Chancellor Philip Hammond had said the date had been decided after discussions with
Business

SSE admits ‘some uncertainty’ over merger with Npower

[ad_1] Image copyright PA Image caption Perth-based SSE has revealed it has been hit by widened losses for its household gas and electricity supplier Energy firm SSE has admitted there is "some uncertainty" that its merger with rival Npower will go ahead.The announcement comes after the companies delayed the tie-up due to the incoming energy bill price cap of £1,137 a year for "typical usage".It means suppliers will have to
Business

German economy contracts in third quarter on weak trade

[ad_1] Image copyright Reuters Germany's economy contracted in the third quarter of the year, dented by weaker exports, figures have shown. Europe's largest economy shrank by 0.2% between July and September, as global trade disputes had a knock-on effect for Europe's largest economy.It was the economy's first quarter-on-quarter fall since 2015.Compared with the same quarter of the previous year, the economy grew by 1.1% from July to September, said the
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IMF’s Lagarde says central banks could issue digital money

[ad_1] Image copyright Getty Images International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency.Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer.Non-cash payments have increased over the years, raising challenges for governments and central banks.Regulators have voiced concerns with digital currencies and called for greater oversight. "I believe we should consider the possibility to issue digital currency," Ms
Business

The wedding brides without a dress

[ad_1] Image copyright Vicky Morgan Image caption Vicky Morgan had paid £1,400 of the £2,000 price tag "Disgusted and desperately disappointed," is how Vicky Morgan sums up her feelings about bridal chain Berketex Bride's collapse.Its Leicester shop was the only wedding shop she'd been to after she fell in love with the first dress she tried on. She had already paid off £1,400 of the £2,000 price tag for the
Business

University ‘not for people like us’

[ad_1] Image copyright Getty Images Image caption Is social mobility through education getting easier or more difficult for today's young people? Going to university was not on the cards for "people like us", says a US academic who next month will receive a major education prize.Growing up in a poor family in California, Professor Larry Hedges thought university was something that was out of reach for people from his background.In
Business

The people with more stuff than they have room for

[ad_1] Image copyright SSA UK The high cost of housing has helped to create a boom in self-storage with many people now renting self-storage units long term because their home is too small."It's a bit of a rip-off really," laughs Angela Andrew, talking about the £120 she pays a month for a self-storage unit in east London.In the unit, which is packed to the roof with boxes and bags, she
Business

Christmas ad spending ‘to hit new high’

[ad_1] Image copyright Sainsbury's Image caption The latest Sainsbury's Christmas ad features children performing in a school production Spending by retailers on Christmas advertising in 2018 is set to hit a new high of £6.4bn, an industry body said.According to the Advertising Association, spending on Christmas ads has risen nearly 50% in eight years.It argues that advertising has become more important for shop owners trying to lure shoppers from online
Business

Italy budget: Rome rejects European Commission demands

[ad_1] Image copyright EPA Image caption Italy's co-Deputy Prime Ministers Luigi Di Maio (left) and Matteo Salvini made defiant comments The Italian government has defied the European Commission (EC) by sticking to its big-spending budget plan.Deputy Prime Minister Matteo Salvini said a deficit target of 2.4% and a growth forecast of 1.5% were unchanged.The EC - worried about the impact of high spending on already high levels of Italy's debt
Business

Flybe ‘up for sale’ weeks after profit warning

[ad_1] Image copyright SOPA Images Flybe is reported to have put itself up for sale less than a month after issuing a dramatic profit warning. The regional airline is expected to say on Wednesday that its board is exploring a sale or a merger with a rival, according to Sky News.Last month, the airline warned full-year losses would reach £22m due to a combination of falling consumer demand, a weaker