Nike Inc first quarter profits beat expectations
Nike reported better than expected profits for the three months to 31 August.
The sportswear giant posted profits of $1.18 billion (£775 million) in the...
Starbucks raising UK minimum wage to £7.20 an hour
Starbucks announced that it will be raising the minimum wage for its employees in the UK to 7.20 pounds ($10.92) an hour in April...
North Sea cod removed from UK danger list
The UK Marine Conservation Society's (MCS) has removed North Sea cod off its list of fish to avoid eating.
Strict catch controls were introduced in...
George Osborne praised in China for focusing on business relations
Chancellor George Osborne is being praised in China for not focusing on human rights in his visit to Xinjiang. Instead, he has strictly focused on improving...
Volkswagen appoints Matthias Mueller as new chief executive
Volkswagen has appointed Matthias Mueller as the company’s new chief executive amid a huge emissions test cheating scandal that will cost the company billions...
GE will create 1,000 jobs in the UK, strikes exporting deal
Britain’s export credit agency has granted General Electric Co $12 billion (£8 billion) in financing in an agreement set to create up to 1,000...
Mortgage lending in the UK surged to five-year high in August
Net mortgage lending hit a five-year high in August driven by a surge in the number of home loans.
A total of 46,473 home loans...
Renewables supplied a record 25% of UK energy in Q2
In the second quarter of 2015 renewables accounted for 25.3% of electricity generation in the UK.
This is up from supplying only 16.7% of power...
Boeing announces 300 China orders and commitments
Boeing announced agreements for 300 China orders & commitments today after welcoming Chinese President Xi Jinping to its wide body commercial airplane factory.
The aerospace...
President Xi wants to strengthen China-US business relations
Chinese President Xi Jinping said that he will do what it takes to strengthen the business relations between China and the US.
Xi told 30 corporate leaders...