Business

‘People use storage for life events’

[ad_1] Anthony Paine started his online business Stashbee to connect people who need storage space with people who have space to spare. Initially, he thought it would be a simple "click and buy" business - similar to other services in the sharing economy like Uber or AirBnB. But what he found was that people who need storage are often facing particular issues or crises in their lives, such as a
Business

How Brexit hit the pound in your pocket

[ad_1] Image copyright Getty Images The value of the pound has changed a lot over the past three years - making us all a little poorer.Back in December 2015, £1 would buy you about €1.40. Today it will get you nearer €1.14. It has suffered a similar fate against most major currencies, losing about 15% of its value over that time.A big part of the fall occurred literally overnight, once
Business

Could hackers ‘brainjack’ your memories in future?

[ad_1] Image copyright Getty Images Image caption Could technologies of the future allow hackers into precious corners of our minds? Imagine being able to scroll through your memories like an Instagram feed, reliving with vivid details your favourite life moments and backing up the dearest ones.Now imagine a dystopian version of the same future in which hackers hijack these memories and threaten to erase them if you don't pay a
Business

Ren Zhengfei described the arrest of his daughter as politically motivated.

[ad_1] The founder of Huawei has said there is "no way the US can crush" the company, in an exclusive interview with the BBC.Ren Zhengfei described the arrest of his daughter Meng Wanzhou, the company's chief financial officer, as politically motivated.The US is pursuing criminal charges against Huawei and Ms Meng, including money laundering, bank fraud and stealing trade secrets.Huawei denies any wrongdoing. [ad_2] Source link
Business

Ren Zhengfei: Huawei’s reclusive founder

[ad_1] Image copyright AFP/Huawei Image caption Ren Zhengfei is one of China's richest businessmen When Huawei's founder and president Ren Zhengfei started his firm back in 1987 with just 21,000 yuan - the equivalent of about $6,600 today - little did he know his creation would grow to become a telecoms giant and make him one of the richest people in the world.With his personal fortune estimated at about $1.7bn,
Business

Honda set to close Swindon car plant

[ad_1] Image copyright Getty Images Japanese carmaker Honda set to announce closure of Swindon plant in 2022, putting 3,500 jobs at risk, sources say.The Japanese carmaker will shut the plant in 2022 but retain its European headquarters in Bracknell, Berkshire.Sources say Honda will make an announcement on the future of the company on Tuesday morning.Honda declined to comment on the claims. [ad_2] Source link
Business

Flybmi won’t be the last airline failure, say analysts

[ad_1] Image copyright Getty Images Image caption Flybmi's demise won't be the last airline to collapse, analysts say In two short sentences, Flybmi's announcement that it had collapsed summed up the airline industry's woes: fuel costs, green taxes, Brexit uncertainty, falling passenger numbers. It might have added fierce competition, but that is probably a statement of the obvious.Several European airlines have folded or hit financial trouble during the past two
Business

Manchester United: Saudi Arabia prince Mohammed Bin Salman denies takeover bid

[ad_1] Reports linking Prince Mohammed Bin Salman initially surfaced in OctoberSaudi Arabia Crown Prince Mohammed Bin Salman's media minister has denied reports linking him with a £3.8bn takeover of Manchester United. Rumours of his interest resurfaced over the weekend, although reports suggest the Glazers are not looking to sell.United's American owners bought the club for £790m in May 2005."Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on
Business

Balmoral Tanks loses ‘price-fixing’ court case

[ad_1] A leading oilfield services firm in Aberdeen has lost its court battle to avoid a fine for illegally exchanging pricing information with competitors.A division of Balmoral Group was fined £130,000 two years ago by the Competition and Markets Authority (CMA).It was part of a much bigger price-fixing scandal, in which three other companies were fined £2.6m between them.Balmoral Group grew by supplying buoyancy devices to the offshore oilfield services
Business

Saudi Arabia signs $20bn in deals with Pakistan

[ad_1] Image copyright Getty Images Saudi Arabia has signed investment deals worth $20bn (£15.5bn) with Pakistan, as the south Asian country looks to bolster its fragile economy. It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman. Pakistan urgently needs to address a balance of payments crisis and is looking to international backers for support.The deals include an $8bn oil refinery in the