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UK economy grew slightly in August ahead of key Budget
Posted onNick Edserbusiness reporter Getty Images The UK economy grew slightly in August, official figures show, as focus intensifies on what measures the government might unveil in next month’s Budget. An increase in manufacturing output helped the economy expand by 0.1%, the Office for National Statistics (ONS) said, but the figure for July was revised down…
Netflix drops Warner Bros bid, clearing way for Paramount takeover
Posted onLast December, Warner Bros agreed to a takeover offer from Netflix for some of its assets. But Paramount, which is backed by tech billionaire Larry Ellison and led by his son David, made a rival offer as it looks to transform itself into a Hollywood heavyweight. But it had been rebuffed by Warner Bros.
Japan is facing a dementia crisis – can technology help?
Posted onSuranjana TewariAsia Business Correspondent, Tokyo BBC Scientists at Waseda University in Tokyo are developing caregiving robots Last year, more than 18,000 older people living with dementia left their homes and went missing in Japan. Almost 500 were later found dead. Police say such cases have doubled since 2012. Elderly people aged 65 and over now…
Trump says tiny cars are amazing but will Americans actually buy them?
Posted onOsmond ChiaBusiness reporter Jason Garcia Nevi Bergeron and her Suzuki Cappuccino mini sports car America is known as the land of big cars and even bigger SUVs but Donald Trump has an idea that could change that. The president wants to bring to the US tiny vehicles, like those commonly seen on the streets of…
Bank hints at rate cuts, but dont expect Covid-era mortgage deals
Posted onIn total, the Bank reckons two out of five residential borrowers, close to four million, will face a similar situation in the next few years, with an average 8% rise in repayment costs. (Although it also points out one in three are likely to see lower repayments during this time).
Government mulls financial support for JLR supply chain firms
Posted onThe government is looking at ways to financially support the companies in Jaguar Land Rover’s (JLR) supply chain. JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest. Fears are growing that some suppliers,…
