[ad_1] Getty ImagesThe EU has become the second major global economy to cut its lending rate this week.The European Central Bank (ECB) announced a cut in its main interest rate from an all-time high of 4% to 3.75%.That follows Canada's decision on Wednesday to cut its official lending rate.The ECB's move comes as voters head to the polls for EU-wide elections over the next four days, with the outcome expected
[ad_1] Government officials considered sacking Paula Vennells as the Post Office's chief executive in 2014 some five years before she resigned, an inquiry has heard. According to government documents revealed at the long-running inquiry into the Horizon scandal, they had concerns about whether she was the right person to lead the group. One issue was the perception that she was "unable to work with personalities that provide robust challenge to
[ad_1] 5 hours agoNadine Yousif,BBC News, TorontoPresident's Choice/YouTubeLoblaw's former president Galen Weston appearing in an advertisement for the grocerCanada is searching for an international grocer to enter its domestic market, after years of anger from shoppers over high food prices, much of it directed at one of the big players. But would an Aldi or a Lidl solve the problem?Late last year, Emily Johnson took to Reddit to share her
[ad_1] 21 minutes agoMariko Oi,Business reporterGetty ImagesNommunication has traditionally played an important role in Japanese businessesFor thousands of years, alcohol has been used as a social lubricant. In Japan, it is known as nommunication - a combination of the Japanese word for drink, nomu, and communication.The idea is that drinking alcohol creates a more relaxed environment.Businesses have even tackled difficult issues in pubs, rather than conference rooms.The late former chairman
[ad_1] Just nowChristine Ro,Technology reporterGetty ImagesAI may one day mean that animals are not required for medical testingFrom animal lovers to laboratory technicians, no-one enjoys subjecting animals to scientific testing.It is instead done to help ensure that drugs and other substances are safe for eventual human use.Researchers have long sought non-animal alternatives. Artificial intelligence (AI) systems are now accelerating this work.One application of AI in this field is simple but
[ad_1] Nvidia's market value has surged past $3tn (£2.3tn), lifting the chipmaker ahead of Apple to become the second most valuable publicly listed company in the world.The firm's share price rose more than 5% on Wednesday, to more than $1,224. It extended a breathtakingly rapid climb that started last year, powered by bets that the firm is positioned to be a major winner from a wave of investment in artificial
[ad_1] Just nowTom Espiner,BBC business reporterPost Office Horizon IT InquiryMs Perkins was told Fujitsu had cut corners on the quality of its software Former Post Office chair Alice Perkins was warned about potential faults in the Horizon IT system as early as 2011, an inquiry has heard.At the time, the Post Office had prosecuted hundreds of sub-postmasters for fraud on the strength of faulty data from Horizon accounting software.It would
[ad_1] McDonald's no longer has the exclusive right to use the label "Big Mac" in reference to chicken burgers sold in the European Union after a ruling by the EU's highest court.The American fast-food chain popularised the nickname for large burger sandwiches, registering it as a trademark in the EU in 1996.But following a legal challenge from a rival chain in Ireland, other companies will now be free to use
[ad_1] Asda’s fuel has become the priciest among supermarket groups - after years of being among the cheapest - despite its pledge to offer the best value, research suggests.According to the RAC, average petrol and diesel prices were higher at Asda at the end of May than at Tesco, Morrisons and Sainsbury’s.Asda disputed the findings, saying they covered its whole estate, including convenience shops, and that it still had the
[ad_1] Post Office inquiry live updates: Ex-Post Office chair Alice Perkins giving evidence - BBC News BreakingBreaking newsClose breaking news SummaryAlice Perkins, former chair of Post Office Ltd from 2011 to 2015, is giving evidence to the inquiry into the Horizon IT scandal for a second dayPerkins led a Post Office board sub-committee, codenamed "Project Sparrow", which included Paula Vennells and other senior officialsA secret plan to sack independent forensic
