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
Business

Brexit: Will Brits living in the EU still get healthcare?

[ad_1] If the UK leaves the EU without a deal, reciprocal healthcare arrangements will not automatically survive. The UK is trying to reach agreements with EU governments to extend them. For emergency treatment on holiday, UK nationals can use their EHIC card if they fall ill in another EU country, but if there is a no-deal Brexit it will no longer be valid and they will need travel insurance.You can
Business

How sending handwritten letters created a $1bn firm

[ad_1] Image copyright Celonis Image caption Alexander Rinke came up with the idea for the business while at university The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Alexander Rinke, co-founder of German technology company Celonis.When Alexander Rinke wanted some of the world's biggest companies to employ his small start-up business he came up with a novel approach - he
Business

Tax-free childcare helps just a fifth of families

[ad_1] Image copyright Getty Images Just 91,000 families made use of the new Tax-Free Childcare system in December, according to new government data, That is far below the expected number. Official figures, analysed by the BBC, show that the government had planned and budgeted for 415,000 families to be using the system by October 2017. By December 2018, just 22% of that number have signed up.The government urged families to
Business

Train operators call for fare shakeup

[ad_1] Image copyright Getty Images Image caption Rail operators want fare regulations to change Tap-in, tap-out rail fares could be expanded beyond London if a group of train operators gets its way.The Rail Delivery Group has set out a wish-list of reforms for the industry and it wants the UK and devolved governments to support them.Another suggestion is removing the sudden change between peak and off-peak fares, to reduce overcrowding.The
Business

‘Killer car seats’ sold online for £8

[ad_1] Image copyright Which? Children's car seats, dubbed "killers" by trading standards officers, have repeatedly appeared for sale on online marketplaces, Which? has warned.The consumer group said the fabric seats, which can cost as little as £8, offered almost no protection in a crash and were illegal to use in the UK.The online sites - Amazon, eBay and AliExpress - all said they had removed the seats from sale.But Which?
Business

The community that rejected Amazon

[ad_1] Image copyright Getty Images Image caption Amazon's dropped its plan to create a campus in a changing neighbourhood of New York after backlash A day after Amazon announced it would abandon controversial plans to build a new campus in New York City, the neighbourhood selected for the expansion was still in shock.At Manducatis Rustica, an Italian restaurant on the local high street that was established in 1977, people were
Business

US-China trade talks break up without deal

[ad_1] Image copyright Getty Images Trade talks between the US and China have broken up without a deal, with the US warning that "very difficult issues" remain unresolved.The talks in China this week were aimed at securing a new deal before further US tariffs are imposed on 1 March.China said negotiations would now continue in the US next week."We feel that we have to make headway on some very, very