Business

Volkswagen loses landmark German ‘dieselgate’ case

Image copyright Getty Images Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its diesel minivans fitted with emissions-cheating software. The ruling sets a benchmark for about 60,000 other cases in Germany. The plaintiff, Herbert Gilbert, will be partially reimbursed for his vehicle, with depreciation […]

Business

Coronavirus: Government draws up plan to rescue key firms

Image copyright Getty Images The UK government has indicated it is prepared to rescue large British companies severely affected by the coronavirus crisis. The Treasury said “last resort” support could be made available if a firm’s failure would “disproportionately harm the UK economy”. The move follows indications that a number of big firms are seeking […]

Business

Grenfell fears prevent timber building boom

Image copyright Nist.gov Fears of another Grenfell-type fire are stunting the spread of wood-based buildings in the UK. The government is planning to reduce the maximum height of wood-framed buildings from six storeys to four. The move’s been recommended by the emergency services in order to reduce fire risk. But it contradicts other advice to […]

Business

Could you have to pay your bank to save money?

Image copyright Getty ImagesImage caption High street banks in countries with negative interest rates have so far been reluctant to pass them on to customers Countries are being forced to use extreme measures to keep the economy afloat amid the coronavirus crisis. Now, the Bank of England has signalled that it may take the cost […]

Business

Fresh UK review into Huawei role in 5G networks

Image copyright Reuters The UK government is conducting a new review into the impact of allowing Huawei telecoms equipment to be used in British 5G networks. The National Cyber Security Centre (NCSC) involvement comes after the US brought fresh sanctions against the Chinese company, citing security fears. In January, the UK resisted US pressure to […]

Business

Specialist Leisure Group collapses into administration

Image copyright Richard Hoare/GeographImage caption Shearings Holidays is part of the group About 2,500 jobs have been lost and 64,000 bookings cancelled with the collapse into administration of Specialist Leisure Group. The hotel and travel company included well-known coach holiday brands Shearings and National Holidays. Trade organisation Abta said the company, which specialised in products […]

Business

Coronavirus: Ikea to begin reopening stores

Image copyright Getty Images Furniture giant Ikea will open 19 of its stores across England and Northern Ireland on 1 June. Seasoned Ikea shoppers have been warned that the experience may be a “little different” in the era of coronavirus. Only one adult and one child from a household will be allowed in store at […]