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BBC News - Business - UK Edition 

RBS Group expects rise in profit

Royal Bank of Scotland says it expects pre-tax profits of £2.65bn for the first half of the year and said it had to put aside less provisions for fines and compensation than expected.

Amazon reports $126m quarterly loss

Amazon reports a loss of $126m in the second quarter and warns of slowing sales.

McDonald's halts nuggets sales in HK

Fast-food chain McDonald's suspends sale of chicken nuggets in Hong Kong over the out of date meat scandal at a Chinese supplier.

IMF lowers global growth forecast

The International Monetary Fund (IMF) has lowered its forecast for global economic growth this year, from 3.7% to 3.4% but the UK's forecast is raised.

Obama urges action over tax scheme

US President Barack Obama urges lawmakers to end a tax loophole that allows US companies to avoid paying US corporate taxes.

GM profits hit by recall problems

Earnings at the US carmaker General Motors slump because of the cost of vehicle recalls.

Barclays challenges US fraud case

Barclays challenges legal action brought by US prosecutors alleging fraud in its "dark pool" trading operations.

SA to block land sales to foreigners

The South African government is fast-tracking a bill to block land sales to foreigners, which could come into effect in 2019.

Banks face tougher accounting rules

Newly published banking standards could mean banks have to hold significantly more funds to guard against potential loan losses.

Register 'fails to stop cold calls'

Only a third of "nuisance" calls are blocked by a service that allows individuals to opt-out of marketing calls, research has found.

Europe lifts Tel Aviv flights ban

The European Aviation Safety Agency has joined the US in lifting its ban on flights to Tel Aviv's Ben Gurion airport.

UK retail sales continue to grow

The volume of goods sold in the UK's shops, stores and supermarkets continues to grow, according to the Office for National Statistics (ONS).

Alstom charged with corruption

Alston Network, a UK subsidiary of the giant French engineering group Alstom, has been charged with corruption by the Serious Fraud Office (SFO).

Unipart Automotive sheds 1,200 jobs

More than 1,200 jobs are lost from Solihull-based car parts firm Unipart Automotive as it goes into administration.

Carbon concerns over wood burning

Burning wood to fuel power stations can create as many harmful carbon emissions as burning coal, according to a government report.

'Risk of debt peril' when rates rise

A "relatively benign" rise in interest rates still has the potential to double the number of households facing debt problems, a think tank has said.

Standard Chartered board backs execs

Standard Chartered bank has backed its chief executive and chairman after media reports that they are under pressure to stand down.

'Act now' on tax credit renewal

Hundreds of thousands of people have a week to renew their tax credits or face losing the payments, HM Revenue and Customs says.

Spanish unemployment below 25%

The unemployment rate in Spain falls below 25% for the first time in two years, as the economy begins to grow.

Herbalife dodges "death blow"

Hedge fund manager Bill Ackman fails to land his promised "death blow" on diet shake company, Herbalife.

British holidaymakers return to Spain

The number of people taking their holidays in Spain reaches record levels, according to the country's tourism ministry.

Bigger payout for power cut victims

People whose power is cut off for long spells during bad weather will be eligible for much higher compensation payments.

Websites frozen in pension campaign

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions cash "predators".

Watchdog launches full energy probe

The Competition and Markets Authority launches a full investigation of the UK energy market.

Ghana protests over rising prices

Thousands of workers across Ghana take to the streets to protest about the rise in the cost of living and call for petrol subsidies to be restored.

China manufacturing growth speeds up

China's manufacturing activity grows at its fastest pace in 18 months in July, an initial survey by HSBC shows, the latest sign that its economy may be stabilising.

IMF forecasts lower US growth

The IMF is lowering its forecast for US economic growth to a "disappointing" 1.7%, the second downgrade this year.

Business gurus answer your questions

Three business investors answer our readers' questions about how they judge whether or not to invest in a business venture.

A company born out of frustration

Easy Taxi founder Tallis Gomes explains how the difficulties of hailing a cab in Rio de Janeiro led him to create his smartphone app.

Akubra: Keeping it in the family

Akubra has been run by one family for five generations and their handsome felt hats, which are made with rabbit fur, are very much a part of Australia's national identity.


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