Category Archives: Business

South Africa’s booming private security industry

High walls topped with razor wire, armed patrols in pick-up trucks and signs deterring would-be criminals from targeting properties are commonplace in South Africa. Per capita, the country’s private security industry is the fourth largest in the world and South Africans spend more than $4bn (£3bn) a year protecting themselves and their homes. The BBC’s Vumani Mkhize has been taking ...

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Why are jumbo jets being turned into beer cans?

After 50 years of making jumbo jets, Boeing has hinted it could stop producing this giant of the skies – but the aircraft may have other uses. BBC transport correspondent Richard Westcott reports.

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Easyjet and Centrica lead FTSE 100 higher

Easyjet and Centrica lead FTSE 100 higher

Image copyright Getty Images Shares in Easyjet flew 5.3% higher after analysts at Credit Suisse raised its rating on the airline to “outperform” from “neutral”. Shares in British Gas owner Centrica rose 3% following a report that it could be a bid target. A report on the Wall Street Wires website said there was talk that the company had attracted ...

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UK house prices fall further in June, says Halifax

UK house prices fall further in June, says Halifax

Image copyright Getty Images House prices in the UK fell by 1% in June, the largest monthly fall since January, according to Britain’s largest lender, the Halifax. It brings the average price of a house or flat down to £218,390. The rolling quarterly figure, which measures changes over the previous three months, fell by 0.1%. It is the third month ...

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Tesla to build ‘historic’ large battery

Tesla to build ‘historic’ large battery

Image copyright EPA Image caption Tesla chief Elon Musk said the battery was the world’s largest “by a significant margin” An Australian state will install the world’s largest lithium ion battery in a “historic” deal with electric car firm Tesla and energy company Neoen. The battery will protect South Australia from the kind of energy crisis which famously blacked out ...

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Clarks shoes returns to UK production in Somerset

Clarks shoes returns to UK production in Somerset

Image caption The company started making shoes in Somerset in 1825 The shoe retailer Clarks is to start making shoes in the UK once again. The firm has announced it is to open a new manufacturing unit, featuring “robot-assisted” technology, at its headquarters in Street, Somerset. Up to 300,000 pairs a year of the footwear firm’s desert boots will be ...

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