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Trump wants Venezuelas oil. Will his plan work?
Archie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
Defence giant BAE hails record sales as workers remain on strike
Speaking after the company’s record results, Woodburn, who has run BAE since 2017, said: “In a new era of defence spending, driven by escalating security challenges, we’re well-positioned to provide both the advanced conventional systems and disruptive technologies needed to protect the nations we serve now and into the future.”
Cambodian businessman exposed in BBC Eye online scam investigation arrested
Cambodian Ministry of Information Kuong Li, 50, was charged with illegal recruitment for exploitation, aggravated fraud, organised crime and money laundering Cambodian authorities have arrested a prominent businessman featured in a 2023 BBC Eye investigation into alleged online scam operations as part of a wider effort to tackle organised online fraud. Kuong Li, a 50-year-old…
UK becomes BYD’s largest international market after sales surge
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The UK has become BYD’s biggest market outside of China after sales increased nearly 10-fold in September, despite the world’s largest electric-vehicle manufacturer being excluded from the government’s new subsidy scheme. BYD said on Monday…
Jersey business owner says minimum wage comments are madness
Businesses, charities and politicians have reacted to criticism of the minimum wage by the economic development minister, with one coffee shop owner calling his public comments “madness”. Earlier this week, the chief minister rejected Deputy Gerald Voisin’s suggestion that the minimum wage was “strangling our economy” and said the minister’s views did not reflect that…
Preston Bus £2 fare cap decision awaits funding details
Preston Bus says it cannot confirm whether it will join a new government scheme capping single fares at £2 from January because it has not been told how operators will be reimbursed. Under the current national scheme, participating operators cap eligible single fares at £3, but participation is voluntary. Preston Bus left the scheme in…
