Arm processor

Job-loss fears as UK’s Arm Holdings is sold to Nvidia

JAPAN’S Softbank is selling the UK’s Arm Holdings, whose technology powers most smartphones, to American chip company Nvidia. The California-headquartered firm, known for its gaming...
Hang Seng Bank

New tech index is launched on Hong Kong stock market

A SHARE INDEX for Chinese technology giants, the Hang Seng Tech, has been launched on Hong Kong's stock market. Companies on the list include internet...
Zara shop

Online push from Inditex as up to 1,200 stores to close

INDITEX, the Spanish owner of fashion and clothing stores Zara, Bershka, Pull & Bear and Massimo Dutti, will close up to 1,200 outlets around...
Virgin Media and O2 logos

Virgin Media and O2 merge and create one of the UK’s biggest telecoms companies

BROADBAND provider Virgin Media and mobile operator O2 have announced a merger to create what will be one of the UK's largest entertainment and...
Oil tanker at sea, platform in background

Oil price hits negative territory for the first time, Virgin Group ailing, UK firms...

CORONAVIRUS infections are dropping in many countries, but corporate and financial impacts are increasingly being felt. Virgin Australia is going into administration, the US oil...
Hands, calculator, paperwork

Bid to ease virus impacts on cash flow is ‘flawed’ — CEO

THE UK government’s proposed Coronavirus Business Interruption Loan Scheme (CIBLS) is coming in for some criticism. HM Treasury and the Bank of England last week...
Pouring Molten Steel

Press ponders the wisdom and reason for British Steel buy-out

BRITISH Steel late last year announced a “rescue deal” with China's Jingye Group, a move that was expected to safeguard up to 4,000 UK...
social media apps on mobile

Twitter shares tumble in wake of revenue reports

TWITTER shares nosedived after reports of lower-than-expected revenues and rising costs. Company earnings per-share are at their lowest point in seven months — 17 cents,...
Mixed bank notes, pound, euro, dollar

IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies

THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”. The...
Thomas Cook shop

Thomas Cook ceases trading, leaving tens of thousands of customers stranded abroad

AFTER almost 180 years in business holiday firm Thomas Cook has collapsed — leaving 150,000 Britons stranded abroad. The UK Civil Aviation Authority (CAA) said...