Business news blog


Sony closes UK's Evolution Studios

Sony closes the UK studio behind the video game Driveclub just three weeks after Microsoft announced plans to shut another UK developer.

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Oil price dips as Iran rejects cap deal

Oil prices fall by nearly 3% after Iran puts off plans to join nations proposing a freeze on production.

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Crowdfunded bid for NZ beach accepted

A crowdfunding campaign to buy a New Zealand beach and secure it for public use reaches its target and has its bid accepted.

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China growth slowest in 25 years

China's economy grew by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in 25 years.

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Supermarket giant to axe up to 300 jobs

Hundreds of jobs are under threat at the Leeds headquarters of supermarket giant Asda.

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