Argentina raises interest rates to 40%

Image copyright Getty Images Image caption The Argentine peso is still sliding in value Argentina’s central bank has raised interest rates for the third time in eight days as the country’s currency, the peso, continues to fall sharply. On Friday, the bank hiked rates to 40% from 33.25%, a day after they were raised from […]

Jacques Vert owner Calvetron goes into administration

Image copyright Calvetron The owner of the Jacques Vert fashion brand, Calvetron, is in administration, putting more than 1,400 jobs at risk. Duff & Phelps have been appointed administrators to Calvetron, which also owned the Dash and Eastex brands. It ran about 300 UK concessions in stores, including Debenhams and House of Fraser – which […]

The innovation turning desert sand into farmland

Image caption Faisal Al Shimmari hopes the innovation will help him create “a human Garden of Eden” in the desert Faisal Mohammed Al Shimmari farms in some of the most extreme conditions in the world, at Al Ain, an oasis in the United Arab Emirates desert, where temperatures can reach 50C. “It’s expensive as we […]

SF’s Begley wins West Tyrone by-election

Image caption Sinn Féin’s Órfhlaith Begley is the new MP for West Tyrone Sinn Féin’s Órfhlaith Begley has won the West Tyrone by-election. The poll was triggered by the resignation of Sinn Féin’s Barry McElduff in January. Candidates from Northern Ireland’s five main parties were represented on the ballot paper. The turnout was 55.13% – […]

Cambridge Analytica: Will data scandal firm return from dead?

Image copyright Reuters Image caption Cambridge Analytica’s Washington office has been left unmanned Are Cambridge Analytica and its parent SCL Elections as dead as they seem? The businesses issued a statement on Wednesday, saying they had started bankruptcy proceedings, blaming a “siege of media coverage” related to the Facebook data-harvesting scandal for the decision. The […]