Category: Business

Bank of England (BoE) boss Andrew Bailey has said the UK faces “an unprecedented level of economic uncertainty.” Britain’s economy shrank by 20% in the three months to June as it battled with the coronavirus pandemic, the biggest fall of any large advanced economy. His remarks come as tighter coronavirus restrictions are imposed across the […]

Chinese tech giant Alibaba will take control of leading hypermarket and supermarket chain Sun Art Retailing. The tech titan is looking to boost its offline shopping services and gain further ground in China’s booming retail market. Alibaba is already China’s biggest e-commerce player and owns Taobao, the world’s largest online marketplace. Sun Art is currently […]

Cathay Pacific says it expects to offer less than half of its usual capacity next year as airlines continue to suffer from the pandemic’s impact. The carrier said the forecast was “the most optimistic that we can responsibly adopt”, adding it also depended on a successful vaccine being available. Cathay Pacific said it expected to […]

As Johannes Siebers sat and nervously waited for the imposter to turn up, it could have been a scene from a spy movie. Johannes and his younger brother Michael were in a cafe in Munich, where they had arranged to meet a fake journalist. The pretend writer had got in touch, claiming to be from […]

“People have always wanted to travel fast, ever since the first person galloped across the plains on horseback,” says Mike Bannister. And he should know. Mr Bannister flew Concorde with British Airways for 22 years. As the airline’s senior Concorde captain he piloted the final commercial flight over London in October 2003 and subsequently the […]

Nigerian animator Ridwan Moshood was so determined to learn how to make cartoons, he spent hours in internet cafés in Lagos, watching YouTube lessons and taking notes. “I would go to a cyber café, watch video tutorials and write down whatever I’d learnt,” he says. Today, the 26-year-old is a rising star in Africa’s blossoming […]

As part of our CEO Secrets series, which invites entrepreneurs to share their advice, we are focusing on businesses that have launched during lockdown. Each week we will look at a different type of person. This week we speak to female entrepreneurs aged over 50. “If you feel it, just do it,” is the advice […]