Business

Fake baby milk formula scare hits Malaysia

Image copyright Getty Images Malaysian authorities are investigating the safety of infant formula powders after seizing hundreds of packets of counterfeit products. Manufacturer Mead Johnson said the goods imitated its Enfalac A+ Step 1 formula. The government is testing the powders amid reports of parents saying their children suffered fevers and rashes after consuming the […]

Business

Commonwealth Bank admits failures in money laundering case

Image copyright Getty Images Image caption The Commonwealth Bank is Australia’s largest lender Australia’s biggest bank has admitted it was late to disclose more than 53,000 transactions that allegedly breached anti-money laundering laws. In August, the nation’s financial intelligence agency launched court action against the Commonwealth Bank over claims it had failed to refer the […]

Business

Speak up

Image copyright Getty Images Image caption ‘Women get interrupted a lot’, says Facebook’s Nicola Mendelsohn “I remember early in my career that sometimes I would have a thought in my head, but I lacked the confidence to be able to get that thought out,” says Nicola Mendelsohn. “Then I would hear, usually a man, say […]

Business

Travelling homes

Image copyright Bailey Image caption Bailey sells some 7,000 caravans a year “We’re in the business of making dreams come true.” Not the words of a Hollywood director or even a toy company boss, but what Bart Day was told during his interview for his role as head of marketing for Bailey of Bristol, which […]

Business

Debate over property tax 'welcome'

Image copyright PA The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say. New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month’s Budget. The Royal Institution of Chartered Surveyors (RICS) […]

Business

DanTDM: the million-dollar jelly bean-eating gamer

Media playback is unsupported on your device Media captionDanTDM: “I feel loads of responsibility to my fans” How much could you earn by eating jelly beans and playing video games? Look at this year’s YouTube rich list and you might be surprised. British YouTuber Dan Middleton raked in $16.5m (£12.3m) this year, making him YouTube’s […]

Business

How Toni Mascolo gave hairdressing a makeover

Image copyright Kirsty Wigglesworth Image caption Toni Mascolo with his OBE award in 2008 Toni Mascolo, who has died aged 75, and his brother Guy revolutionised hairdressing in London at the end of the last century. The son of an immigrant hairdresser, Toni had initial dreams of becoming a lawyer, but hard times forced him […]

Business

Bank of England's PRA to remove gendered language

Image copyright Getty Images The old lady of Threadneedle Street may soon lose her moniker under plans by the Bank of England to remove gendered language from documentation. Under proposals by the Prudential Regulatory Authority (PRA), which regulates banks and insurers, a chairman will become chair. It also wants to change how individuals are addressed […]

Business

Water bills set to fall by up to £25 from 2020

Image copyright Getty Images Household water bills in England and Wales will fall by between £15 and £25 a year from 2020 to 2025, the regulator Ofwat has pledged. A forthcoming price review will give water companies less wiggle room to recover the costs of debt and equity from customers, the regulator said. Ofwat was […]