Business

In the competitive field of infrastructure shambles, cancelled flights at Gatwick are an also-ran. All the same, the embarrassment factor ought to be acute. How can a shortage of staff in the air traffic controllers – we are talking about…

Scrapping inheritance tax would cost the government almost £15bn a year in lost revenue by 2032, according to analysis by the Institute for Fiscal Studies that follows calls from Tory MPs for the main tax on inherited wealth to be…

The number of first-time buyers in the UK has fallen by more than a fifth, while homes in need of renovation are most in demand as buyers look for cheaper properties, in the latest evidence that people are struggling with higher mortgage…

Market Movers rounded up the latest reactions on Amazon from investors and analysts. The pros discussed the e-commerce giant as the Federal Trade Commission announced it was suing the company on antitrust charges. Amazon is accused of…

The federal government says it plans to review the $8-billion sale of Canadian-based grain-handling firm Viterra to a European-based conglomerate.Viterra is controlled by multinational commodities giant Glencore, which bought the company in…

The federal government is making an additional $20 billion in financing available for developers looking to build rental units.Finance Minister Chrystia Freeland announced Tuesday that Ottawa will raise the annual cap on the Canada Mortgage…

Target Corp. is closing nine stores — retreating from doors in Portland, Ore., the San Francisco area, Seattle and New York City amid a rising tide of retail theft and safety concerns.  “We cannot continue operating these stores…

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon.Henrique Casinhas | Sopa Images | Lightrocket | Getty ImagesVirtual reality startup Improbable said Wednesday that it reduced losses by 85%…

The job cuts are being implemented only at…

LONDON — British jewelry designer Roxanne First was approached at the end of last year to set up shop on Chiltern Street, an affluent area with neighbors such as Andre Balazs’ luxury hotel and restaurant, Chiltern Firehouse, fashion label…