Keeping up with the news can be tricky. Even the most eagle-eyed observer can miss a vital news story. We think being up-to-date on economic developments is key to the success of your startup.
Every Wednesday we provide the top 10 key bits of business news from the past week.
Brexit is a go
Theresa May has signed the letter to officially trigger Article 50. Brexit has begun.
NYC’s Fearless Girl stays
The Fearless Girl bronze statue that was placed opposite the Wall Street Charging Bull is going to stay until March 2018. Originally put up on the 8th March as part of a campaign against gender inequality, the Fearless Girl has gained global popularity inspiring people to stand up to fear, power and by doing what’s right.
Tesco fined £129m
Tesco has been fined £129m for overstating its budget in 2014. It has agreed to pay this fine to avoid prosecution.
Trump out to abolition Obama’s climate change policies
Trump is to sign an executive order that reverses several of Obama’s key climate change policies including the Clean Power Plan. This is in order to make power affordable and boost job creation.
Fake science in the UK
According to BBC research, there has been a larger amount of “fake scientific research” that previously thought. The House of Commons Science and Technology Committee has started to investigate.
New £1 coin
The new 12-sided £1 coin is going to be launched on from this week, with the old £1 coin being phased out by 15th October 2017. It is said that the new coin is one of the hardest coins to counterfeit in the world.
NHS cuts 10 product prescriptions
The NHS is targeting low value medicines to be cut from its budget so that GP’s do not have to prescribe them. Most of these products can be bought over the counter at shops at low cost.
Square payments arrive in the UK
Square, a payment processing service, is set to launch in the UK. It allows people to accept payments from cards and smartphones.
Price of imported fruit on the rise
The price of imported fruit is set to rise by 8% after Brexit.
Samsung Galaxy S8
The new Galaxy S8 has been launched in London and New York. However, this will be the biggest challenge for Samsung after the catastrophe of the Note 7.