Business

Helping kids cope with the fear of medical treatment

[ad_1] Image copyright VR Vaccine Image caption In the VR story, the character receives a powerful shield - a metaphor for the vaccine For children, the fear and pain of medical treatments can be traumatic. So a number of tech companies have come up with ways to help. Vaccinations save lives, but many children fear the needle. So one project in Brazil has turned to virtual reality (VR) as a
Business

Four million millennials can get new railcard

[ad_1] Image copyright RDG The new 26-30 railcard will go on sale before the end of the year - and this time it will be available to all four million eligible passengers, the rail industry has announced.During a trial in the spring, only 20,000 people were allowed to buy one. The ticket website crashed because of overwhelming demand from thousands of young people.The launch of the "millennial" railcard was originally
Business

Budget 2018: What we know already

[ad_1] Image copyright Getty Images The front cover may be striking, but few would find it a page-turner.However, when it comes to our money, the Budget Red Book is probably the most significant publication of the year.The 120 pages - even more if you count the supporting documents - outline the chancellor's plans for public and personal finances.Yet the pages are far from fresh. Much of what is detailed in
Business

Marlboro maker axes flavoured e-cigarettes

[ad_1] Image copyright Getty Images Altria, the tobacco firm which owns Marlboro, will stop selling several of its e-cigarette products.The decision follows concerns that "vaping" is becoming increasingly popular with children. The US Food and Drug Administration has launched a campaign against firms marketing e-cigarettes in a way that appeals to under-age users. Altria also said it would support moves to make 21 the minimum age for purchasing tobacco products.The
Business

Amazon slides on Christmas sales slowdown

[ad_1] Image copyright Reuters A disappointing sales forecast for the Christmas season sent Amazon shares down more than 5% in after-hours trading in New York.The online giant said it expected year-on-year sales growth of 10% to 20% for the three months to 31 December.That would be a marked slowdown from the 29% jump in sales for the most recent quarter to $56.6bn.Amazon also made record profits of $2.9bn in the
Business

Wall Street opens higher after volatility

[ad_1] Image copyright Getty Images Shares on Wall Street have steadied after big falls in Asian stocks and a bruising trading session in New York on Wednesday.The Dow Jones, the broader S&P 500 index and the Nasdaq all opened higher.That followed a calmer morning's trading in Europe, with most indexes higher or little changed by early afternoon.Earlier, Tokyo stocks had slumped more than 3%, taking their cue from Wall Street's
Business

Twitter earnings boosted by sports broadcasts

[ad_1] Image copyright Getty Images Coverage of major league baseball games and other sports events helped Twitter generate better-than-expected sales and profits in the third quarter. The social network said revenue jumped 29% to $758m in the period, beating analyst estimates.But its total number of users declined as it closed "spammy and suspicious" accounts, and it forecast further falls. The results sent shares in the company up by 13% in
Business

Sainsbury’s to open Oasis clothes outlets in supermarkets

[ad_1] Image copyright oasis Sainsbury's is opening Oasis clothes outlets in its supermarkets, the latest move to diversify the way its store space is used. The mid-market fashion chain will open before Christmas in Sainsbury's in Sydenham, south London, and in its new Selly Oak store in Birmingham. Sainsbury's said it hoped the move would make it a "fashion destination". Supermarkets, under pressure to wring more revenues out of their
Business

Gender pay gap at lowest level yet, says ONS

[ad_1] Image copyright Getty Images The gender pay gap has fallen to its lowest level yet, the Office for National Statistics (ONS) has reported.In the year to April 2018, the gap for full-time workers was 8.6% - down from 9.1% in the previous year.In other words, the average female employee now earns 8.6% less than the average man.However, the extent of the pay gap varies according to age, with older
Business

WPP shares dive as much as 20% as growth slows

[ad_1] Image copyright WPP Image caption Mark Read became boss of WPP in August Shares in WPP have fallen as much as 22% after the advertising giant warned that growth in the business is slowing. The firm, whose former boss Sir Martin Sorrell stepped down in April after a scandal, reported lower-than-expected third quarter sales and slashed its full-year outlook. The world's biggest adverting firm is overhauling its business amid
Business

BT appoints Worldpay’s Philip Jansen as new chief executive

[ad_1] Image copyright Getty Images BT has named Philip Jansen as its new chief executive as the telecoms group seeks to revive its fortunes. He will take over from Gavin Patterson, who is stepping down after the company said a change of leadership was needed.The firm has been criticised for not investing enough in its broadband network and faced a £500m accounting scandal in 2017. Mr Jansen, who is joint
Business

Superdry founder Julian Dunkerton seeks return to the fold

[ad_1] Image caption Julian Dunkerton co-founded Superdry in 2003 The co-founder of Superdry is talking to shareholders about returning to the fashion retailer in the hope of reviving its fortunes.Julian Dunkerton, who stepped down as chief executive in 2014 and left its board in March, remains its biggest shareholder with an 18.5% stake.He has gone public with criticism of Superdry's strategy after its latest profit warning last week.The firm's shares
Business

Reality Check: Which form of renewable energy is cheapest?

[ad_1] Image copyright Getty Images Green Party MP Caroline Lucas has said that energy generated from onshore wind is cheaper than other forms of renewable energy. What are the figures behind the claim?Renewable, or 'green' energy is generated from natural resources like the sun, wind and water, so they are restored and never run out - unlike fossil fuels. The government's Department for Business, Energy and Industrial Strategy (BEIS) has
Business

A quick guide to the US-China trade war

[ad_1] Image copyright Getty Images Image caption The US is the biggest export market for Chinese goods The world's two largest economies - the US and China - are locked in an escalating trade battle.US President Donald Trump had been complaining about China's trading practices even before he took office in 2016. That year he said China engaged in the "rape" of the US economy, and since then he has
Business

Northampton’s first new shoe factory in decades to open

[ad_1] Image copyright Getty Images Image caption The UK makes six million pairs of shoes each year, with almost half of that number exported A town renowned for its shoemaking heritage has gained its first new footwear factory in more than 30 years. London-based Foster and Son, which has been making shoes since 1840, opens a new production site in Northampton on Thursday, creating up to 20 jobs.The town's shoe
Business

No-deal Brexit fear forces Bristol firm to act

[ad_1] A sports equipment company says it is moving some of its operations into Europe in case there is no deal between the EU and the UK.Negotiations on the UK's withdrawal from the EU are said to be 95% complete, but have stalled on the question over the border between north and southern Ireland.The possibility of having no trading deal has worried this Bristol firm which says such an agreement
Business

Exxon accused of climate change ‘fraud’

[ad_1] Image copyright Getty Images The state of New York has taken legal action against ExxonMobil, accusing the oil giant of misleading investors about the risks of climate change to its business.Exxon allegedly downplayed the potential costs of new greenhouse gas regulations, despite assuring investors it had accounted for the risks.The company called the claims "baseless" and politically motivated.It pledged to fight the allegations in court.Exxon "looks forward to refuting
Business

Sharp falls wipe out Wall Street’s 2018 gains

[ad_1] Image copyright Getty Images Wall Street fell sharply on Wednesday, erasing the gains posted this year for two of the three main indexes.The Dow Jones Industrial Average sank 2.4% to 24,583.4 points, while the S&P 500 plunged 3.1% to 2,656.1 points.The losses pushed the two indices into negative territory for the year.The Nasdaq also fell more than 4.4% to 7,108.4 points amid concerns about weak corporate profits, trade tensions
Business

Tesla delivers $311m quarterly profit

[ad_1] Image copyright Reuters Tesla has reported a quarterly profit for just the third time in its 15-year history. The electric car-maker made a record $311.5m (£241m) in the three months to 30 September, as the pace of car deliveries accelerated. The result is a victory for chief executive Elon Musk, who had promised a profit to investors earlier this year. Tesla's last profitable quarter came in 2016.Shares jumped more