Business

Russian rub

Media playback is unsupported on your device Media captionNatura Siberica has become a popular global brand If it wasn’t for the intoxicating smell of competing perfumes, you might think that cosmetics company Natura Siberica was making ice cream. At its factory in Tallinn, the capital of Estonia, large vats of shampoo the colour of raspberry […]

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AI ripe for exploitation, experts warn

Image copyright Getty Images Image caption The threat of AI is real and many of the technologies are already developed, warn 26 leading experts Drones turned into missiles, fake videos manipulating public opinion and automated hacking are just three of the threats from AI in the wrong hands, experts have said. The Malicious Use of […]

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Top City regulator used tax break scheme

The incoming head of the financial industry regulator had to repay tax after using an unapproved tax break scheme. Charles Randell, who becomes chair of the Financial Conduct Authority in April, told MPs he had made an “error of judgement” by putting money into Ingenious Film Partners 2. The scheme makes use of tax breaks […]

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Venezuela launches oil cryptocurrency

Image copyright Reuters Venezuela has launched a cryptocurrency in an attempt to bypass tough economic sanctions imposed by the US government. The “Petro” is intended to bolster the country’s crumbling economy, which has been suffering from hyperinflation and devaluation for years. Venezuela claims it is the world’s first sovereign cryptocurrency. Critics say the move is […]

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Scottish Budget calculator 2018

Use our Budget calculator, developed by Deloitte, to find out how the tax measures may affect you in the coming year. We have included the new Scottish income tax brackets for 2018/19, so you can see how much tax you will pay depending on where you live in the UK. Some changes will not be […]

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'Secret' report into RBS published

Image copyright Getty Images After months of wrangling MPs have released a report by the financial regulator which said a unit of RBS of mistreated thousands of small firms. The Global Restructuring Group (GRG) was marketed as an expert service that could save a business, but according to the report took “inappropriate” action. The Financial […]

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Asda sales rise on strong Christmas

Image copyright Getty Images Asda has reported rising sales in the final months of last year and said it had a strong Christmas trading period. It reported a 0.5% increase in like-for-like sales – the most closely watched measure of sales, which strips out the effect of new stores. The company said it was the […]

Business

KFC shuts more stores in chicken crisis

Image copyright Getty Images KFC has closed more of its outlets in the UK after delivery problems meant it ran out of chicken. Its website shows that 575 of the fast-food chain’s 900 outlets in the UK and the Republic of Ireland were shut as of 21:00 on Monday night. That compares with 562 that […]

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William Hill fined £6.2m for lax controls

Image copyright William Hill Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money laundering and social responsibility regulations. The Gambling Commission said the company did not do enough to ensure prevention measures were effective. As a result 10 customers were able to deposit money linked to criminal offences and […]