Business

Seven-year-old coder Sergey gets job offer from Russian IT firm

[ad_1] A Russian software company has invited a seven-year-old coding prodigy to join its management team, as soon as he is old enough to take up paid employment.Sergey from the Russian city of St Petersburg has built a name for himself, uploading videos that explain how to write software since he was five.On the strength of those videos, the information security firm Pro32 sent him a written job offer, for
Business

No-frills US carrier Spirit Airlines files for bankruptcy protection

[ad_1] US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025.During that time, Spirit's operations will continue as normal and passengers will be unaffected, it said.
Business

German manufacturers warn of the sector’s ‘formidable crash’

[ad_1] Beckhoff AutomationGerman business owner Hans Beckhoff says the country's manufacturers are strugglingIn the 44 years since Beckhoff Automation opened for business, owner Hans Beckhoff says he hasn’t seen an economic crisis like this one.“You can usually expect a crisis about once every five to eight years,” says Mr Beckhoff. “This time it’s a formidable crash, a really deep one.”A German company, Beckhoff Automation makes automated control systems for a
Business

‘I feel sick about signing that phone contract’

[ad_1] Undercover filming of a sales pitch by a Hii Com representativeAn undercover investigation into the alleged mis-selling of phone contracts has revealed questionable sales practices, prompting calls for stronger regulation. The BBC has spoken to 12 small businesses who say they were misled."I feel sick every time I think about it," says Paul Toplass."I've been in business for over 25 years. We've never experienced anything like this."Mr Toplass, who
Business

UK Pizza Hut to raise funds after Budget tax hikes

[ad_1] The operator of Pizza's Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month's Budget.The money could come from a sale of part of the business, or new investment from existing shareholders.It comes amid growing backlash from business owners who warn rises in employers' national insurance contributions and the National
Business

China megaport paves way into Latin America as wary US looks on

[ad_1] ReutersPeru's new megaport is Chinese-builtAs the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America.Trump won the US presidential election on a platform that promised tariffs as high as 60% on Chinese-made goods. Further south, though, a new China-backed megaport has the potential to create whole new trade
Business

Who knew what and when?

[ad_1] Getty ImagesFormer Post Office boss Paula Vennells' appearance at the inquiry was greatly anticipatedAfter months of evidence, the Post Office Inquiry heard from its final witnesses this week.Closing statements will follow next month before inquiry chair Sir Wyn Williams publishes his final report next year.Much of the evidence centred around who knew what and when, so what did we learn from the key players? And what questions still need
Business

Mortgage rates rise despite interest rate cut

[ad_1] Getty ImagesMortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates.A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.That has created a headache for borrowers hoping costs were on a consistent downward trend, especially in light of the Bank of England
Business

Health stocks hit after Trump taps RFK for top regulator post

[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
Business

Typhoo Tea teeters on the brink of administration

[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