Business

KPMG's audit work unacceptable, says watchdog

Image copyright Reuters The auditing work of one of the world’s “Big Four” accounting firms has been sharply criticised by the industry’s watchdog. KPMG had shown an “unacceptable deterioration” and will be subject to closer supervision, the Financial Reporting Council said. The FRC added all the Big Four – which also include PwC, EY and […]

Business

Stock markets fall amid trade fears

Image copyright AFP Key stock markets have fallen sharply amid fears of a further deterioration in US-Chinese trade relations. Tensions in Germany’s coalition government over migration policy added to investors’ uncertainty. In the opening minutes on Wall Street, the Dow Jones fell 0.85%, while the main indexes in Paris, Frankfurt and Madrid were all more […]

Business

Ryanair calls for restricted airport alcohol sales

Image copyright PA Image caption A flight from Dublin to Ibiza had to be diverted to Paris on Saturday after three passengers became disruptive Ryanair has called for more restrictions on alcohol sales at airports. The airline proposed a two-drink limit for passengers and a ban on alcohol sales in airports before 10:00. This move […]

Business

Don't bank on it: why we fail to switch our accounts

Image copyright Getty Images The numbers tell it all. The Competition and Markets Authority’s investigation into the banking industry in 2016 found that just 3% of current account customers had moved their account in the past year. On a three-year time scale, 8% had switched while three quarters of customers had never switched at all. […]

Business

Transforming Asia's skylines

German architect Ole Scheeren is behind some of Asia’s most spectacular buildings, including the Interlace housing complex in Singapore and China Central Television headquarters in Beijing. He told the BBC about his design philosophy and how all his buildings “tell stories”. Source link

Business

Audi chief executive Rupert Stadler arrested

Image copyright EPA German carmaker Audi’s chief executive, Rupert Stadler, has been arrested, parent company Volkswagen has said. A spokesman for VW said: “We confirm that Mr Stadler was arrested this morning. The hearing to determine whether he will be remanded is ongoing.” Audi has been caught up in the diesel emissions scandal that has […]

Business

Virgin Money bought by CYBG for £1.7bn

Image copyright Newscast The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn. Under the terms of the deal, Virgin Money shareholders will get 1.2125 new CYBG shares for every Virgin Money share they hold. CYBG said the new firm would be a leading force in banking, “disrupting […]

Business

Think about your customers' needs from the start

When he was a researcher at Cambridge University, Dr Sina Habibi came across a test for visual recognition and reaction times. Young people did better on this than the elderly. From this, he created a new computer app which enables doctors to test for early signs of senile dementia, or Alzheimer’s disease. For the past […]

Business

Debit card payments more popular than cash

Image copyright Getty Images Debit card payments have overtaken cash use for the first time, new figures show, as contactless technology takes a firm hold on day-to-day spending. A total of 13.2 billion debt card payments were made last year, a rise of 14% on the previous year, according to banking trade body UK Finance. […]

Business

Cancer and career

Image copyright Adzuna Image caption Andrew Hunter battled cancer for two years Andrew Hunter was busy running his start-up business when he realised that something was wrong with his health. “I started losing weight quite quickly, and I had a cough that just wouldn’t shift,” says the co-founder of job search website Adzuna. That was […]