Business

Is the car industry ready for a revolution?

The question is not whether electric cars will take off - they will. But are carmarkers ready for the stark changes?

Almost fifty years ago, science fiction author John Brunner wrote about a world filled with electric cars... rising investment, as evidenced by Volvo's landmark decision this week, suggests that may well be about to happen.

Money for power: Banker earns little to work under Trump

US President Donald Trump speaks at the Department of Energy event on Thursday.

Money for power: Some of the business and finance executives who left multimillion-dollar jobs to work for President Donald Trump now earn less than the average school teacher, according to White House salary data released on Friday.

'America's most hated man' loses mistrial bid

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, arrives at federal court in the Brooklyn ...

Martin Shkreli's criminal fraud trial jury hasn't been selected yet and already the brash pharma executive tried to get the case thrown out of court and lashed out at reporters covering his case.

Havaianas to change hands amid bribery scandal

Havaiana thongs

The maker of Havaianas, the colourful Brazilian flip-flops donned by celebrities, is poised to pass from one of Brazil's most-powerful families to another thanks to the country's latest political turmoil.

Uber founder resigns amid shareholder revolt

Travis Kalanick's founder's ruthless streak helped Uber become a fixture around the world before sleepy regulators and ...

Travis Kalanick has stepped down as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.

Brexit a 'lose-lose proposition': Soros

Soros has famously bet against the British pound before, and is not showing much faith in Britain's economy with Brexit ...

The billionaire who made a fortune betting against the pound in the 1990s warns Britain's economy could slow to such an extent that the decision to quit the EU might even be reversed.