Business

Consumers demand cheaper Africa data

[ad_1] In the past two years smartphone connections have doubled on the African continent and average prices have nearly halved. But all these new phones require a relatively expensive, yet crucial element – data. Throughout Africa, consumers are complaining of what they see as exorbitant prices, and are calling on mobile operators to cut prices. […]

Business

Homes cost more than seven times income

[ad_1] Image copyright Getty Images Working people typically face house prices of more than seven times their annual earnings as affordability is increasingly stretched. The typical property cost 7.6 times average annual earnings of employees in England and Wales, the Office for National Statistics (ONS) said. The aftermath of the financial crisis saw affordability levels […]

Business

BA owner IAG launches new long-haul airline Level

[ad_1] Image copyright IAG The owner of British Airways is launching a new long-haul budget airline based in Barcelona. IAG said the new airline, Level, would initially fly to Los Angeles, Oakland, Buenos Aires and Punta Cana in the Dominican Republic from June. The airline will use Iberia crew and two new Airbus A330 planes. […]

Business

Toyota to invest £240m in UK plant at Burnaston

[ad_1] Media captionToyota says its plant investment is “a huge part of preparing for the long-term future” Toyota is to invest £240m in upgrading its UK factory that makes the Auris and Avensis models. The Japanese carmaker’s investment in the Burnaston plant near Derby will allow production of vehicles using its new global manufacturing system. […]

Business

Vote of confidence

[ad_1] Image caption Toyota has been producing cars at Burnaston for a quarter of a century Toyota’s decision to invest £240m in its UK operations will be welcome news for the UK car industry. But it comes at a time of huge uncertainty for the sector. The UK is leaving the EU. Our future trading […]

Business

'No sex, no politics'

[ad_1] Image copyright Camilita Nuttall Image caption Camilita Nuttall will never forget her worst business lunch experience Camilita Nuttall says it was the business lunch from hell. It was the first time that she and a new contact had met in person. Ms Nuttall, a UK motivational speaker, says the man gave no explanation for […]

Business

US raises benchmark interest rate by 0.25%

[ad_1] Image copyright Getty Images The US Federal Reserve has raised its benchmark interest rate by 0.25% for only the third time in a decade. The central bank voted to raise its key rate target to a range of 0.75% to 1%. The Fed had been expected to raise rates after a robust February jobs […]

Business

Slow burn

[ad_1] Image copyright Getty Images Image caption Fed chair woman Janet Yellen has said she does not want to stoke inflation Back in the depths of the financial crisis the US Federal Reserve cut its main interest rate to close to zero. It was an effort to prevent an even more severe economic downturn. In […]

Business

NICs U-turn

[ad_1] Reality Check verdict: About 80% of self-employed workers will pay less National Insurance from April 2018, with the rest seeing no change after the government abandoned changes announced in the Budget. Chancellor Philip Hammond announced on Wednesday that he would not be raising Class 4 National Insurance contributions as he had planned to in […]

Business

Identity fraud reached record levels in 2016

[ad_1] Identity theft cases reached record levels in 2016 with young people a growing target, the fraud prevention organisation Cifas says. Almost 25,000 victims of fraud were aged under 30, with the number of under-21s defrauded rising by a third. The statistics were gathered from 277 banks and businesses, and are at the highest levels […]