Business

Li Ka-Shing: Asia's second-richest person retires

[ad_1] Image copyright Getty Images Asia’s second-richest person, Hong Kong’s Li Ka-Shing, is retiring from leading his business empire. Mr Li, aged 89, whose wealth has been put at $35.3bn (£25.3bn) by Forbes, is handing over the reins to his eldest son, Victor Li. His CK Hutchison Holdings and CK Asset Holdings groups are involved […]

Business

Wetherspoon profits up as restaurant trade hits tough times

[ad_1] Image copyright Getty Images Pub chain JD Wetherspoon is weathering tough times in the restaurant trade, according to boss Tim Martin. He says there has been a backlash against “trendy-type, restaurant-type” chains which are now seeing higher costs and tough competition. Wetherspoon is “technically” facing the same pressures, but “we seem to be doing […]

Business

Remote shoppers

[ad_1] Image caption A daigou or remote shopper, buys things on the behalf of others Technology is changing the way we work and the jobs we do. Will artificial intelligence and robots relieve us of humdrum tasks, making our working lives easier, or will they take our jobs away altogether? As part of a new […]

Business

Adapt or die

[ad_1] Image copyright Getty Images Image caption Will smart virtual assistants take our jobs or make them more fulfilling? Reports that robots, automation and artificial intelligence are going to put millions of us out of work may sound troubling, but should we believe them? That largely depends on whether we’re technology optimists or pessimists. In […]

Business

Coutts star banker in sexual harassment claims

[ad_1] Image copyright Coutts A star banker at Coutts, the private bank used by the Queen, is at the centre of a series of complaints about sexual harassment. Harry Keogh was accused of lewd comments, heavy drinking and unwanted physical contact. The Bank said that an investigation had been carried out, and “decisive disciplinary action […]

Business

Householders may be 'in too deep' over debt, says FCA

[ad_1] Image copyright Getty Images Worrying numbers of householders may be “in too deep” with their borrowing, a city regulator boss has said. Consumer credit levels are close to a 2008 peak, said Jonathan Davidson of the Financial Conduct Authority (FCA). He said it was “far from certain” that customers who could just manage loans […]

Business

HSBC reveals big gender pay gap

[ad_1] Image copyright Getty Images HSBC has reported a 29% median gender pay gap for its UK banking operations. However, the company also reported a 59% gap on the mean measure for hourly pay for 2017. HSBC has a median gap of 61% for bonus payments between its male and female employees. The bank said […]

Business

Payment fraud: Millions lost in money transfer trick

[ad_1] Media playback is unsupported on your device Media captionKate Blakeley: ‘We lost £300,000 through payment scam’ Victims of a fraud which leads them to transfer money to a con-artist are typically losing nearly £3,000 each, new figures show. The cost of so-called authorised push payment fraud has been calculated by UK Finance, the banking […]