Business news

Germany’s GDP shrinks to put Europe’s biggest economy into a recessi...

The figures are a blow to the Germany government, which last month boldly doubled its growth forecast for this year.

SSE announces plans to invest billions as operating profit rises

The FTSE 100 firm’s operating profit climbed to £2.53 billion and it announced plans that could see it invest up to £40 billion over the next decade.

Fashion tycoon named richest person in Scotland for second year runn...

Billionaire Anders Holch Povlsen has been named as the richest man in Scotland for the second year running, the Sunday Times Rich List revealed.

Deutsche Bank ‘to pay £60.3 million to settle lawsuit from Epstein v...

One law firm involved in the case said the settlement is likely the largest with a bank in US history.

Slender uptick for Scottish retail sales as inflation eats away at g...

In April, sales north of the border went up by just 0.3% last month once inflation was taken into account, the Scottish Retail Consortium said.

Ayrshire firm fined £75,000 in Scottish first

Gas leaked out of four water chillers, according to environmental body Sepa.

Former Audi boss Stadler admits charges over diesel emissions scanda...

Rupert Stadler has agreed a plea deal which sees him pay a fine and do probation rather than be jailed for his part in the affair.

European growth forecast raised to 1.1% after winter recession avoid...

Europe had faced expectations of a winter energy catastrophe after Russia cut off most supplies of natural gas to the continent.

John Wood Group suitor drops £1.7bn takeover plans

US firm Apollo Management said it would not be making an offer for Aberdeen-based Wood Group, just two days before the deal deadline.

G7 finance leaders vow to contain inflation as talks in Japan wrap u...

The finance leaders’ talks laid the groundwork for a summit of G7 leaders in Hiroshima next week.

G7 talks focus on ways to fortify banks as China accuses group of hy...

Tensions with China and Russia’s invasion of Ukraine loomed large over talks in Niigata.

Yellen warns US default would be ‘a catastrophe’ as G7 finance minis...

The impasse over spending risks leaving the US government unable to pay for teachers and medical care for veterans.

Construction begins on ‘carbon neutral’ Sutherland Spaceport

Sutherland Spaceport will be home to the rocket company Orbex.

European Central Bank announces quarter-point rise in interest rates

The decision comes a day after the US Federal Reserve also approved a quarter-point increase.

Volkswagen profits fall by 30% due to drop in Chinese sales

The company said it plans to invest in a new centre for electric car innovation headquartered in the Chinese city of Hefei.

Scottish college lecturers start boycott as part of industrial actio...

EIS-Fela members will not enter students’ marks into college systems as part a dispute over pay.

European Central Bank set to raise interest rates after inflation ed...

The inflation rate in the eurozone rose to 7% in April.

Europe’s economy barely grows as inflation pinches consumers

The 20 countries that use the euro currency picked up speed in the first quarter after zero growth in the last three months of 2022.

20% of people ‘less confident than six months ago about paying rent...

HSBC UK and housing charity Shelter have announced a new partnership to support the financial health of people and communities.

Credit Suisse investors sue after facing billions in losses

The investors are contesting an order by the Swiss Financial Market Supervisory Authority that wiped out billions in higher-risk bonds.