Business

Apple awarded $539m in US patent case against Samsung

Image copyright Getty Images A US court has ordered South Korea’s Samsung Electronics pay $539m (£403m) in damages for copying features of Apple’s original iPhone. The jury’s decision is the latest step in a long-running legal battle between the world’s top smartphone makers. It began in 2011 when Apple argued Samsung had infringed on some […]

Business

Water good idea

Image caption Biplab Paul, co-founder of Naireeta Services, designed the bhungroo to help farmers ride out India’s droughts Erratic rainfall and prolonged dry seasons in many parts of India mean that farmers often have to struggle with waterlogged fields or droughts, which can ruin their crops. Many are ultimately forced to quit the land and […]

Business

How many £1m-plus homes are sold near you?

Image caption This road in Cambridge saw six homes sold for more than £1m Householders are increasingly likely to live on millionaire row as sales of £1m-plus homes rose to a new high in England and Wales last year. A total of 16,119 property sales for £1m or more were completed last year, up 5.4% […]

Business

GDPR: 'Don't panic!' data watchdog tells firms

Media playback is unsupported on your device Media captionWATCH: What is GDPR? Tough new data protection laws come into effect on Friday that promise to bolster consumer rights. But there are concerns that many firms have not done enough to prepare for the new rules, known as GDPR. Big fines could be imposed on companies […]

Business

Brexit: How did HMRC get to a £20bn customs cost?

Image copyright Getty Images Downing Street was quick to dismiss as “speculation” the suggestion that the proposal for a highly streamlined customs arrangement with the EU after Brexit could cost businesses up to £20bn per year. Speculation? It’s a little more than that. It is certainly an estimate rather than a precise figure – but […]

Business

Where are the richest households in the UK?

Image copyright Getty Images The sharp differences in household incomes across the UK have been set out in official government statistics. The average household income, once taxes and benefits are accounted for, was £19,432 per person in 2016. But in Kensington & Chelsea and Hammersmith & Fulham in west London the average income was more […]

Business

Samsonite accused of 'massaging profits'

Image copyright Getty Images Shares in Samsonite International have tumbled after an investor claimed the world’s largest luggage maker had questionable accounting practices and poor corporate governance. Blue Orca Capital said the owner of brands including Tumi and American Tourister had concealed slowing growth. It also accused the firm of massaging profits and inflating margins. […]

Business

McDonald's under pressure to scrap plastic straws

Image copyright Getty Images McDonald’s is to face a vote by shareholders about its use of plastic straws at its annual meeting on Thursday. A small shareholder is pressing the fast food giant to demonstrate “leadership in the elimination of plastic straws”. Keith Schnip wants the company to report on the risks to the business […]