Category: Business

US telecoms giants get $26bn takeover green light

A US judge has given the go-ahead for telecoms giant T-Mobile US to buy its smaller rival Sprint. The $26bn (£20bn) deal will mark a major shakeup of the industry as it will mean there will be just three major players in the American mobile phone market. The ruling will pave the way for the […]

‘You are groomed to work to a retirement date’

Her day job is working on staff pensions, but Karen Ward admits she became a little bit complacent about her own retirement plans. The 58-year-old, who has worked at insurer Aviva for 39 years, said she needed a more open mind about what to do in later life. “I didn’t think about my own [pension]. […]

Tech giants face probe into deals going back a decade

Amazon, Apple, Alphabet, Facebook and Microsoft are facing fresh scrutiny over whether they stifled competition by buying up smaller rivals. The Federal Trade Commission has asked the firms to hand over information about a decade of deals, warning it could lead to action being taken. The tech giants already face several government investigations into whether […]

Ocado boss Tim Steiner bags £54m bonus

The boss of online shopping company Ocado has bagged a £54m bonus, despite his firm posting a bruising £214.5m loss last year. Tim Steiner got the windfall after an incentive scheme tied to the firm’s share price paid out. It comes on top of a further £4.7m in salary and other bonuses for Mr Steiner, […]

Coronavirus: Another cruise ship barred from ports

A cruise ship carrying more than 1,450 passengers has been told it cannot dock in Thailand over coronavirus fears. The Westerdam had already been turned away from several ports, including in Japan, Taiwan, Guam and the Philippines, amid fears of the virus. Holland America, which owns the ship, said it had “no reason to believe” […]

Border delays ‘could cause fresh food problems’

Post-Brexit transition border checks could cause fresh food supply problems, an industry body has warned. Shoppers will notice the supply issues next January unless there is a “massive upgrade” in border facilities, the British Retail Consortium said. The warning came after cabinet minister Michael Gove said that border checks are “inevitable” after the Brexit transition […]

Crypto asset manager sees bitcoin mining shift from China to North America

Barry Silbert, founder of New York-based Grayscale Investments, made the observation in an online presentation to investors, without saying why the shift was occurring. Many mainstream investors such as pension funds or asset managers have been reluctant to embrace bitcoin BTC=BTSP, concerned at its volatility, security breaches and lack of transparent markets. Bitcoin, heavily favoured […]