Business

Emer MoreauBusiness reporter, BBC News Getty Images Royal Mail has returned a profit for the first time in three years as the company attempts to turn around its fortunes. In its first set of results since being taken over by Czech billionaire Daniel Kretinsky’s EP Group in April, the company reported profits of £12m, excluding voluntary redundancy costs. Royal Mail …

Debbie JacksonBBC Scotland News Getty Images From 1 September, there will be no more peak fares on ScotRail trains Peak rail fares have been scrapped on ScotRail trains, meaning passengers will no longer pay higher prices for travelling during busy weekday rush hours. Until now, ScotRail passengers paid different fares at different times of day. The removal of the higher …

UK house price growth slowed in August, bringing it back down to around its slowest pace in a year, according to a leading housing index. The average price of a British home grew by 2.1% in the year to the end of last month, a slowdown from the 2.4% annual growth recorded in July, according data from lender Nationwide. August’s …

Shares in Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because of a price war in China’s car sector. The carmaker had on Friday reported that its net profit fell to 6.4bn yuan ($900m; £660m) between April and June, down 30% from a year earlier. BYD said in …

Harry Dent, the Harvard Business School graduate and economic forecaster often labeled a “doomsday expert” for his decades of bearish market predictions, has taken a surprisingly optimistic stance on cryptocurrency. In a recent conversation with Rich Dad Poor Dad author Robert Kiyosaki, Dent argued that Bitcoin and crypto technology could transform the $630 trillion global financial assets industry, an amount …

The HSBC report indicated that substantial domestic demand continued to support significant increases in factory orders. (AI image) In a big boost for the Indian economy, the manufacturing sector Purchasing Managers’ Index (PMI) rose to a 17.5-year high in August.The manufacturing sector demonstrated increased growth in August, with PMI rising to 59.3 from July’s 59.1, according to HSBC India Manufacturing …

Shariqua AhmedBBC News, Peterborough Emma Baugh/BBC Paddy Berryman said his team wanted to help women “engage with services with a view to helping them move forward” A charity supporting homeless people has said it plans to hold weekly women-only sessions to offer a “safe and comfortable environment”. Light Project Peterborough (LLP) runs The Garden House in the city centre – …

Peter Navarro (File photo) US President Donald Trump’s advisor Peter Navarro renewed his criticism of India, accusing the country of indirectly funding Russia’s war in Ukraine through discounted oil purchases—and claiming that Brahmins are profiting at the expense of Indians.“Look, Modi’s a great leader. I don’t understand why he’s getting into bed with Putin and Xi Jinping when he’s the …

Isaac AsheBBC News, Derby BBC Passengers in the East Midlands will be the first to test the ticketing technology Ticketless train travel that works by tracking passengers’ locations is being trialled in the East Midlands. The location-based technology will be tested by East Midlands Railway (EMR) from Monday, by up to 1,000 people travelling through Derby, Leicester, Nottingham and the …

Jacob EvansBBC World Service Getty Images Anguilla is a British Overseas Territory renowned for its pristine beaches Back in the 1980s when the internet was still in its infancy, countries were being handed their own unique website addresses to navigate this nascent new online world. Such as .us for the US or .uk for the UK. Eventually, almost every country …