Business

Apple's tax dispute with Brussels over €14.3bn has suffered a setback after an advisor to the EU top court suggested that an earlier ruling on its business in Ireland be rescinded. Giovanni Pitruzzella said that the landmark ruling which…

Revolut has begun talks with Canary Wharf to relocate its headquarters. This would be a significant vote of confidence in the London business district, which is currently facing higher vacancy rates as well as the loss of HSBC, one of its…

Jumbo scallops are a favorite ingredient in classic sushi plates. They come from the northern Japanese town of Betsukai on the island Hokkaido. The Japanese government has been urging the public to eat at least five bivalves a day for…

Amazon made more than $1bn extra profit using a secret pricing algorithm, US antitrust regulators claim in a lawsuit accusing Amazon of abusing its monopoly to harm both consumers and sellers. On Thursday, previously redacted portions…

Lloyds Banking Group Plc turned down the Barclay Family's latest bid to reclaim The Telegraph, in order to reassure bidders for an ongoing auction. According to a source familiar with the situation, the lender turned down a £1billion…

Zambia and Democratic Republic of Congo, which are rich in minerals that are essential for the production of batteries as well as other renewable energy components have been chosen to be the next venue in Washington's and Beijing's struggle…

Vodafone's new CEO has completed a €5-billion sale of its Spanish operations to an investment vehicle listed on the London Stock Exchange. This is the second major deal that the group has made in its quest to streamline its vast empire.…

Blackstone Group has sold a stake in the Spanish hotel group Hotel Investment Partners, to Singaporean sovereign fund GIC. This will allow for expansion of the business at a time where borrowing costs are on the rise. GIC is acquiring a…

BP Plc’s third-quarter profits rebounded from prior periods, but fell short as weak results in the gas marketing sector offset a good performance in oil trading. As of 8:03 am in London, shares of the company dropped 4.1% to 505.2p. BP,…

London Heathrow Airport has raised its forecasts for 2023 in terms of passenger traffic and cash flows. The airport said that business travel was almost back to the pre-pandemic level and volumes with Asia were on the rise. The hub, one of…

The Russian billionaire Mikhail Fridman has failed to get some relief from the strict sanctions that were imposed after a UK Court denied his request to access extra cash for paying for staff and upkeep of his mansion in north London. The…

Mattel's sales have risen for the first time since last year thanks to the Barbie film. The US toymaker credits the film, the first featuring the world's famous doll and first released by the new in-house division of the company, with a…

In a letter addressed to Ursula von der Leyen, the Commission's President, Europe's largest auto lobby group has redoubled its efforts to get the European Union not to impose tariffs on new electric vehicles after Brexit. The European…

Jeremy Hunt, Chancellor of Exchequer, has told the pensions sector that it must push forward with reforms. The government is putting final touches on further measures which will be announced next month in the Autumn Statement. Hunt, who…

Barclays Plc plans to cut costs, after the bank giant's trading division failed to meet expectations in the third quarter. The firm also lowered its guidance for the UK lender. Analysts had expected a revenue of £3,24 billion, but the…

St James's Place suspended trading of its property fund due to a spike in redemption requests from investors. On Monday, the UK's largest wealth manager said that it has prevented withdrawals of £829.5mn from the property unit trust…

As Britain and India near a long-awaited trade agreement, a £1 billion ($1.2billion) segment of the UK's economy fears for its future. British rice millers like Tilda Ltd., Veetee Rice and others have prospered for decades importing brown…

When it is auctioned next month, a rare bottle of whisky, known as the "holy-grail" to whisky lovers, could fetch up to £1.2m. Sotheby's is going to auction a 96-year old bottle of Macallan Single Malt Whisky in London, starting with…