oxford-university-suspends-huawei-donations-and-sponsorships

Oxford University suspends Huawei donations and sponsorships

Image copyright Getty Images The University of Oxford has suspended new donations and sponsorships from Chinese telecoms giant Huawei.The firm is facing accusations from the US and other countries that its equipment could be used for espionage.Huawei has denied those claims, saying it doesn't pose a spying risk.The US is also reportedly investigating Huawei for…
philips-to-close-suffolk-factory-putting-430-jobs-at-risk

Philips to close Suffolk factory putting 430 jobs at risk

Image caption The factory is in Glemsford near Sudbury in south Suffolk Electronics giant Philips is to close its only UK factory, at Glemsford, Suffolk, with the loss of 430 jobs.The firm said it would close the site, which makes baby bottles, in 2020 and transfer most of its operations to a site in the…
sears-retail-chain-in-5.2bn-rescue-plan

Sears retail chain in $5.2bn rescue plan

Image copyright Reuters Image caption Sears sales have declined for years Sears, the long-troubled US department store chain, is set to stagger on.Billionaire Eddie Lampert, a hedge fund financier who is chairman of Sears and its former chief executive, has won a bankruptcy court auction to purchase the company for $5.2bn (£4bn). Assuming it is…
wylfa-decision-on-future-of-nuclear-power-station-expected

Wylfa: Decision on future of nuclear power station expected

Image copyright Horizon Nuclear Image caption Wylfa Newydd would have a 60-year operational life A decision is expected about whether work to build a new nuclear power station on Anglesey will be halted.Japanese media has reported that Hitachi will suspend construction of its £20bn Wylfa Newydd plant - with the board due to meet on…
hermes-where-the-luxury-giant-is-an-industry-outsider

Hermes: Where the luxury giant is an industry outsider

Image copyright Joel Von Allmen Image caption Hermes only moved into men's watches seven years ago. It's new Arceau L'Heure de la Lune sells for £20,500-plus Hermes may be a big cheese in the world of luxury goods, but in the world of Swiss watchmaking it is something of an outsider.First, it is French. Second,…
why-are-the-chinese-buying-fewer-cars

Why are the Chinese buying fewer cars?

Image copyright Getty Images Image caption The fact that President Trump's limousine is a Cadillac is said to have helped the US carmaker's sales in China If you're selling Cadillacs in China, it helps that the US president is driven around in one.Cao Chenyi, the boss of a Cadillac dealership near Shanghai, told me that…