Business

Anbang Insurance head Wu Xiaohui to be prosecuted

Image copyright Anbang Insurance Group Image caption Wu Xiaohui is considered one of China’s most politically connected men The head of Chinese insurance and financial giant Anbang, will face prosecution for “economic crimes”, China’s insurance regulator said. Wu Xiaohui, who has been removed from his post, was detained by authorities last June. In an unusual […]

Business

British Rail could be revived under Labour

Image copyright Getty Images Labour could bring back British Rail as part of its renationalisation plan, with shadow chancellor John McDonnell promising “full integration, as best we can” between track and train. Management of the network – track, signalling and major stations – was split from train operations during the break-up of British Rail in […]

Business

Zombie or choir?

Image copyright Team Tactics Eleven government ministers are meeting at Chequers to hammer out a policy on Brexit. It’s a kind of Whitehall away day. The idea hope is that by bringing them together in a fresh setting, it will help overcome what seem like insurmountable differences. Sceptics will doubt just how much long-lasting trust […]

Business

Women earn up to 43% less at Barclays

Image copyright Getty Images Female employees earn up to 43.5% less at Barclays than men, according to gender pay gap figures it has submitted to the government. Only 28 of the 1,154 companies that have reported the figures have a higher median hourly pay gap than Barclays. Barclays chief executive Jes Staley said it had […]

Business

Fashion company loses social media followers over same-sex ads

Image copyright Suitsupply Image caption Suitsupply posted several images of men touching and kissing each other across its social media accounts on Wednesday A Netherlands-based men’s suit company has faced a social media backlash in response to an advertising campaign featuring men embracing. Suitsupply, an international men’s tailoring brand, unveiled their new spring/summer 2018 campaign […]

Business

UK economic growth revised downwards

Image copyright Getty Images The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, […]