Business

CBS loses initial battle with shareholder

[ad_1] Image copyright Getty Images Image caption Shari Redstone wants to merge CBS with Viacom, another National Amusements company The US media company CBS has lost an initial court battle amid a dispute with one of its biggest shareholders over control of the company.A Delaware judge on Thursday lifted a temporary restraining order against National Amusements, which is owned by the Redstone family.The ruling is expected to prevent CBS from
Business

Man United quarterly sales up by 8%

[ad_1] Image copyright Reuters Manchester United has seen its third quarter revenues rise by 8.1% to £137.5m, from £127.2m a year before.The Old Trafford club, which plays against Chelsea in the FA Cup final on Saturday, also recorded a small profit for the quarter of £100,000.Despite defeat by Spain's Sevilla in the Champions League the club has stuck to its revenue targets for the current year, of £575m to £585m.The
Business

Fixed-odds betting stakes ‘to be cut to £2’

[ad_1] Image copyright Getty Images Image caption Fixed-odds betting machines have games similar to fruit machines, as well as roulette and blackjack The government is set to announce new rules to govern fixed-odds betting terminals later, with the maximum stake expected to be cut to £2.Currently, people can bet up to £100 every 20 seconds on electronic casino games such as roulette.A reduced limit of £2 would be welcomed by
Business

Total set to pull out of Iran gas deal without sanctions waiver

[ad_1] Image copyright Getty Images French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions.Total said it will unwind operations by November unless sanctions are waived.Washington is re-imposing strict sanctions on Iran, which were lifted under the 2015 deal to curb the country's nuclear ambitions. German insurer Allianz and Danish tanker operator Maersk are also winding
Business

Are tumble dryers still a fire risk?

[ad_1] After five million tumble dryers made by Whirlpool were identified as a fire risk, the company started fixing them. But dryers still seem to be catching fire, even after they have been modified to make them safe. Viewers of the BBC’s Watchdog Live sent pictures of two separate incidents.Whirlpool rejects Watchdog's allegations, and says it has confidence in the modification programme. [ad_2] Source link
Business

Deputy governor sorry for calling economy ‘menopausal’

[ad_1] Image copyright Reuters The Bank of England's deputy governor has apologised for saying the UK economy is entering a "menopausal" era.Ben Broadbent had used the phrase in an interview with the Daily Telegraph to suggest the UK economy was past its peak.Later he said he was sorry for the "poor choice of language" and any "offence caused". He said productivity affected "every one of us, of all ages and
Business

Japan’s economy shrinks for first time in two years

[ad_1] Image copyright Getty Images Image caption Private consumption accounts for about 60% of Japan's economy Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s.The world's third largest economy contracted at an annualised rate of 0.6%, official data showed.Expectations were for an annualised contraction of 0.2%.Private consumption and capital expenditure slowed during the
Business

EU paid Airbus billions in illegal subsidies, WTO rules

[ad_1] Image copyright Getty Images Image caption Airbus' A380 was unfairly subsidised, WTO says The World Trade Organisation (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus.The US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.The USTR argued that European countries had given $22bn in state aid to Airbus to help