Economy

Offshore owners of British property will be forced to reveal their true identities or face jail sentences and unlimited fines under draft laws that aim to end the UK’s reputation as a high-risk jurisdiction for money...

Ministers should introduce new laws to force employers to tackle sexual harassment in the workplace, MPs have said. Employees were being failed by the government, employers and regulators, with current laws insufficient to protect workers and...

Two years ago, shoppers in Venezuela would pay fruit sellers like José Pacheco with boxfuls of 100 bolívar notes – then the currency’s highest denomination. Now, thanks to rampant hyperinflation, even those are useless. “It’s crazy to accept...

The UK will adopt sweeping European laws designed to combat terrorism and money laundering, the government has confirmed, in a move that could unmask for the first time the beneficiaries of thousands of secretive trusts. In...

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...