Business

Union seeks assurances on Royal Navy ship orders

Image copyright BAE Image caption Work on the new Type 26 frigates started at the Clyde yards earlier this year Union representatives have said they hope to speak to Defence Secretary Sir Michael Fallon about the future of Scottish shipbuilding. Sir Michael is to visit two shipyards on the Clyde later. Unite senior shop steward […]

Business

Bank of England under fire for lack of diversity

Image copyright BoE Image caption The most recent picture of the Bank of England’s Monetary Policy Committee. Front row (L to R): ​Ben Broadbent; Mark Carney; Minouche Shafik (departed); Sir Jon Cunliffe. Back row: Michael Saunders; Gertjan Vlieghe; Andrew Haldane; Ian McCafferty; Kristin Forbes (departed). The Chancellor has been taken to task by MPs about […]

Business

The end of Australia's car-making industry

Image copyright Holden Image caption A 1970s advert featuring a Holden car and smiling, patriotic Australians Australia’s final locally made car left the production line on Friday when Holden stopped manufacturing in the nation. It is considered the end of an era after similar exits by Ford and Toyota, writes the BBC’s Hywel Griffith in […]

Business

Black Monday 1987: 'Our jaws hit the desk'

Image copyright AFP Thirty years ago investors were stunned as global stock markets collapsed like a chain of dominos. The day became known as Black Monday as months and years of share price rises were reversed in a single day of trading. One dealer recalls being so stunned “jaws were hitting the desk”. In August […]