BUSINESS

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Gucci stores to accept cryptocurrencies in US

Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in America.

Customers will be able to pay… Read more

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US makes biggest interest rate rise in 22 years

The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices.

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China lockdown: What do zero-Covid policies mean for UK prices?

Some of China's biggest cities have been hit by major Covid lockdowns this spring, and it's had a disruptive effect on the country's economy.

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Shell profits nearly triple as oil prices surge

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world.

Shell made $9.13bn (£7.3bn)… Read more

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Wealthy Russians flee to Dubai to avoid sanctions

Dubai has emerged as a haven for wealthy Russians fleeing the impact of western sanctions over the war in Ukraine.

Russian billionaires and… Read more

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Uber loses $5.9bn as Asia investment values fall

Ride-hailing and delivery group Uber has made a $5.9bn (£4.7bn) loss, mostly due to its stakes in other companies.

The firm said almost… Read more

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Can the Bank of England stop spiralling inflation?

The PM yesterday said that fears of an "inflationary spiral" had held back the amount of support the government could offer in the cost of living crisis.

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Oil prices have soared. Why wont Opec bring them down?

The world's major oil exporters meet on 5 May, amid calls from across the globe to bring down prices.

But members of oil producers'… Read more