Business

Business

Can the economy recover from its 'Brexit hangover'?

Some figures are more alarming than others. A 24pc drop in any sector of the economy is likely to provoke concern, particularly if it follows headlines about thousands of job losses. April's...

Business

EU triggers disciplinary action against Italy over its big-spending budget plans

Brussels has triggered a penalty procedure that could lead to Italy being fined billions of euros for failing to stick to EU spending rules. The populist government in Rome wants to splurge...

Business

David Cameron takes job at Washington-based AI company Afiniti

David Cameron has been hired by Washington DC-based artificial intelligence company Afiniti to chair its advisory board, whose members are an unusual mix of former politicians, media titans and...

Business

China to set up blacklist of 'unreliable' foreign firms after US Huawei ban

Thousands of multinational companies could be at risk of further trade restrictions, after China said it would be establishing a list of "unreliable" entities in response to...

Business

Huawei asks court to speed up lawsuit that argues US ban is 'unconstitutional'

Huawei has taken new legal action in the US asking the court to rule in its favour as a matter of law in an effort to speed up the lawsuit it filed against Washington in March, arguing a law that...

Business

Google 'shadowforce' temps now outnumber full-time workers

Google’s "shadowforce" of temporary staff now outnumbers full-time employees, leaked documents have revealed.  As of March 2019 the technology giant, which is worth around $798 billion...

Business

Jeff Bezos' ex-wife MacKenzie pledges to donate more than half her wealth to charity

MacKenzie Bezos has pledged to give away half her fortune to charity just months after finalising her divorce from Jeff Bezos, the Amazon founder and chief executive. Ms Bezos, an American...

Business

Revealed: How Jamie Oliver walked away from deal to save restaurants over £13m loan

Jamie Oliver spurned a multimillion-pound deal to rescue his restaurant empire after being asked to write off his loans to it, The Sunday Telegraph can reveal. The celebrity chef,...

Business

Facebook audit panel suggests creating an elected 'parliament' of users to rewrite its rules

An independent panel set up by Facebook to scrutinise its own behaviour has said it should consider creating an elected "parliament" of users with the power to rewrite its rules. ...

Business

EE abandons launch of Huawei 5G phones amid US ban

EE has abandoned plans to launch Huawei phones as part of its 5G roll out, just days after Google said it would restrict the Chinese company from using its Android operating system. Britain’s...

Business

Jamie Oliver's restaurant empire collapses with 1,000 jobs lost

Jamie Oliver's restaurant chains have gone into administration with the loss of 1,000 jobs and a further 300 at risk. In the latest casualty of Britain's casual dining crunch, KPMG has been...

Business

Amazon under fire over $575m deal with Deliveroo

Amazon’s fresh push into the food delivery market was facing mounting opposition last night as critics of a $575m deal with Deliveroo voiced concerns about the control it will exercise over...