Business

Bugs buffet

Image copyright Helen Soteriou Image caption All these products contain the natural food colouring carmine, which is made from an insect called cochineal If you are horrified by the thought of eating insects, the bad news is that you have probably done so many, many times. This is because one of the most widely used […]

Business

Nightmare week

Image copyright TSB Image caption TSB boss Paul Pester swimming during a charity triathlon last year All surfers know the feeling of being hit hard by a wave, being left bruised and disorientated, and then having to get up and do it all again. TSB chief executive Paul Pester, a fanatical surfer, must have felt […]

Business

Oil major ExxonMobil posts profit rise

Image copyright Reuters Oil giant Exxon posted first-quarter earnings of $4.7bn (£3.4bn) on Friday. Profit at Exxon jumped 16% from the same period last year but still missed analyst expectations, despite rapidly rising crude prices. Revenue at the Esso-owner rose 16.3% to $68.2bn, which beat analyst expectations of $66.1bn. Oil prices are rising after years […]

Business

US economic growth slows to 2.3%

Image copyright AFP Image caption US consumers were less enthusiastic at the shops in early 2018 US economic growth slowed to an annualised rate of 2.3% in the first quarter of 2018, the Commerce Department said on Friday. The figure is better than the 2% economists had predicted, but still down from the rate of […]

Business

UK economy in weakest growth since 2012

Image copyright PA Image caption The impact of the ‘Beast from the East’ weather front was “relatively small”, the ONS said The UK economy grew at its slowest rate since 2012 in the first quarter of the year, the Office for National Statistics (ONS) has said. GDP growth was 0.1%, down from 0.4% in the […]

Business

More bank computer chaos expected

Image copyright Getty Images This week’s computer chaos at TSB is unlikely to be the last time millions of people face online banking problems. In recent years computer systems at NatWest, RBS, HSBC, Ulster Bank have all gone into major meltdowns. Now IT experts warn that legacy systems and quick fixes have left most main […]

Business

Will Ethiopians take to Pizza Hut?

The American food chain Pizza Hut has opened two outlets in the Ethiopian capital of Addis Ababa, becoming the first major international fast food franchise to set up in the country. But will Ethiopians take to Western fast foods? The BBC’s Emmanuel Igunza reports. Source link

Business

RBS profit trebles as costs fall

Image copyright Getty Images Royal Bank of Scotland has reported a profit of £792m for the first three months of the year, up from £259m for the same quarter last year. The rise is partly thanks to a fall in restructuring costs, and a drop in conduct and litigation costs. Running costs at the bank, […]