Money

Barclays has announced plans to create up to 2,500 jobs in Glasgow. The bank is developing a campus in Buchanan Wharf to provide a base for its functions, technology and operations teams. Paul Compton, the chief operating officer,...

The World Cup and the summer heatwave kept British shoppers away from the high street last month, despite encouraging stronger sales of food, drink and barbecues across the country. Revealing a surprise fall in retail sales in June, the Office for...

Comcast has pulled out of its pursuit of 21st Century Fox, turning its focus to trumping Rupert Murdoch’s attempt to take full control of Sky. The US media and cable company’s decision to end its battle with...

Britain crashing out of the EU without a deal would inflict significant economic pain across Europe leaving the region without any winners, the International Monetary Fund has warned. Staging an intervention as the new Brexit secretary, Dominic Raab warned...

While Rolls-Royce and Airbus used this week’s Farnborough International Airshow to warn of the dire consequences of a hard Brexit, Britain’s biggest defence firm, BAE Systems, simply shrugged its shoulders. The business is Britain’s biggest manufacturing employer,...

Google has been hit with a landmark €4.34bn (£3.8bn) fine by the European Union over “serious illegal behaviour” to secure the dominance of its search engine on mobile phones. The European commission imposed the record penalty after finding...

The defence secretary has unveiled plans for a new RAF fighter jet, the Tempest, which will eventually replace the Eurofighter Typhoon. Speaking at the Farnborough airshow, Gavin Williamson unveiled a concept version of the sixth-generation fighter jet the...

Airbnb has been found in breach of EU law and given until the end of the summer to ditch a range of practices, including that of belatedly applying additional fees to the prices it promotes online. The...

Rising trade tensions between the United States and the rest of the world could cost the global economy $430bn (£324bn), with America “especially vulnerable” to an escalating tariff war, the International Monetary Fund has warned. Delivering a sharp...

Stoke-on-Trent has been identified as the debt capital of England and Wales, according to official figures. The Midlands city had the highest rate of personal insolvencies in 2017, followed by Plymouth, Hull and Scarborough. The former industrial centre...