Founder of Chinas Evergrande pleads guilty to fraud

So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in…

Osmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…

“Anything from an £80 job for families on the breadline needing to fiddle the electric to keep the kids warm, to businesses who just don’t want to pay the rates and would happily pay up to £2,000 for me to sort it, to rich people who want the mains spliced to feed their summer houses…