Business

Amazon invests in Deliveroo food courier

Image copyright Getty Images Online giant Amazon has announced a big investment in food courier Deliveroo. The exact figure was not given, but Amazon is the biggest investor in Deliveroo’s latest round of fund raising, which in total raised $575m (£450m). Deliveroo said it would use the money for international expansion, improving its service and […]

Business

Uber drivers strike over pay and conditions

Image caption Union organiser Lydia Hughes joined Uber drivers in their strike Hundreds of Uber drivers in London, Birmingham, Nottingham and Glasgow have staged a protest against the firm. They will be joined by drivers in the US cities of New York, San Francisco, Chicago, Los Angeles, San Diego, Philadelphia and Washington DC in striking […]

Business

KPMG fined £5m over Co-operative Bank audit

Image copyright Getty Images KPMG has been fined £5m and “severely reprimanded” after admitting misconduct in its 2009 audit of Co-operative Bank. The Financial Reporting Council (FRC) said KPMG’s bad auditing came in the wake of Co-operative Bank’s merger with building society Britannia. It said the firm’s deficiencies included “failures to exercise sufficient professional scepticism”. […]

Business

CEO Secrets: ‘Buying a beer gave me my big break’

Stephen Allan, global head of MediaCom, explains how an unusual tactic gave him his big break in the advertising industry. Produced, filmed and edited by Dougal Shaw See more at CEO Secrets. You can also follow the series on the BBC News app by adding the topic ‘CEO Secrets’ in My News. https://www.bbc.co.uk/news/business-48137501

Business

Google ads promote firms charging extra for services

Image copyright Getty Images Google says it will investigate examples of adverts leading search results for companies offering to carry out a service for a higher fee than the official channels. For example, a search for the term “driving licence application” in the UK led to a firm charging £49 ($64) for a change of […]

Business

France Telecom suicides: Former bosses go on trial

Image copyright AFPImage caption Didier Lombard denies his reforms led staff to take their own lives The ex-boss of France Telecom and six other former executives have gone on trial in Paris, accused of moral harassment linked to a spate of suicides among employees. Didier Lombard and his fellow defendants deny their tough restructuring measures […]

Business

Shares hit by Trump tariff threat to China

Image copyright Getty Images Stock markets in the US, Europe and Asia have been hit after US President Donald Trump threatened new tariffs on China, putting a trade deal in doubt. He said on Twitter the US would more than double tariffs on $200bn (£152bn) of Chinese goods on Friday and would introduce fresh tariffs. […]

Business

Boeing admits knowing of 737 Max problem

Image copyright Getty Images Boeing has admitted that it knew about a problem with its 737 Max jets a year before the aircraft was involved in two fatal accidents, but took no action. The firm said it had inadvertently made an alarm feature optional instead of standard, but insisted that this did not jeopardise flight […]