Business articles

UK nuclear plant to cost consumers ‘billions more’

A highly controversial UK government deal for the new Hinkley Point nuclear power plant will cost British energy consumers billions more pounds than forecast, the country’s National Audit Office said Friday.

US halts Brazil beef imports after failed safety tests

The United States announced Thursday a halt to all imports of fresh beef from Brazil, the world’s second-largest producer, citing “recurring” concerns after large shipments failed food safety tests.

Ramadan earns prime spot on Gulf fashion calendar

From Dolce & Gabbana to Michael Kors, major brands are catering to lucrative Gulf markets during the Muslim holy month of Ramadan, which is earning its own slot on the global fashion calendar.

Kalanick, Uber’s disruptive driving force

Travis Kalanick was the driving force behind Uber, taking a spur-of-moment idea and turning it into the world’s most valuable venture-funded tech startup.

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