[ad_1] Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump's choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector.Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it to crack down on “Big Pharma”.The news prompted a sell-off across the industry. In the
[ad_1] Typhoo Tea is set to appoint administrators as the 120-year old brand's sales slump, losses widen and debts rise.The company has filed a notice at court "which affords the company some breathing space to explore solutions", Typhoo's chief executive Dave McNulty told the BBC.The firm has been trying to turn itself around for some time.However, it suffered a setback after trespassers damaged its former factory in Moreton, Merseyside in
[ad_1] VolocopterThe VoloCity made demonstration flights in Paris over the summerOne of the innovations at this year's Paris Olympics was supposed to be an electric flying taxi service.Germany's Volocopter promised its electric-powered, two-seater aircraft, the VoloCity, would be ferrying passengers around the city.It never happened. Instead the company ran demonstration flights.While missing that deadline was embarrassing, behind the scenes a more serious issue was playing out - Volocopter was urgently
[ad_1] Getty ImagesThe UK must "rebuild relations" with the EU "while respecting the decision of the British people" who voted to leave in 2016, the Bank of England's governor will say later.Andrew Bailey's Mansion House speech to investors will mark some of his strongest comments yet on Brexit, saying one of its consequences has been weaker trade.He has previously avoided commenting on the topic because of the Bank's independence from
[ad_1] Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network.The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete.In addition to the fine, it has ordered Meta to stop imposing these conditions on other services. Meta said it rejected the Commission's findings and would appeal.EU antitrust head Margrethe Vestager
[ad_1] Clare SmyrellClare Smyrell says it feels "petty" to ban special offers on formulaThe high price of baby formula makes parents feel "punished" for not breastfeeding, mums and dads have told the BBC.The cost of baby milk has surged in recent years, while retailers in the UK are not allowed to advertise or offer discounts on infant formula because it might discourage breastfeeding.Parenting site Mumsnet says this rule has raised
[ad_1] NexGenNexGen's operation in Canada's remote Athabasca Basin Uranium is making a comeback thanks to a renewed focus on nuclear energy as a climate crisis solution. Canada, rich with high-grade deposits, could become a nuclear “superpower”. But can its potential be realised?Leigh Curyer had been working in uranium mining for nearly two decades when he noticed a striking shift.In 2011, the Fukushima nuclear plant disaster in Japan badly damaged the
[ad_1] Getty ImagesUK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC.Her comments come as the government reveals plans to merge the UK's local government pension scheme, a group of funds which together manage £354bn in investments, into a handful of "pension megafunds".The plans form part of what the government has said are the "biggest pension reforms
[ad_1] Getty ImagesHomebase has collapsed into administration, putting 2,000 jobs at risk.Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer.However, homeware chain The Range is buying up to 75 stores and the brand, safeguarding about 1,600 jobs.But this leaves 49 stores without a buyer, and thousands of jobs at risk in the stores and head office. [ad_2] Source link
[ad_1] Getty ImagesRegulators want to give more time to car dealers potentially facing a deluge of claims for mis-sold finance agreements.A decision by judges at the Court of Appeal has blown open an ongoing saga into hidden commission payments, with buyers possibly in line for payouts totalling billions of pounds.Now the Financial Conduct Authority (FCA) is consulting on giving dealers extra time to deal with complaints.However, lawyers say this could
