Business

Durham University to spend £105m on new colleges

Image copyright Durham University Image caption The university already has 16 colleges Durham University is to create two new colleges to the south of the city at a cost of £105m, it has confirmed. A consortium led by construction and services firm Interserve will design, build and operate the colleges at Mount Oswald, which are due to open in 2020. The scheme will deliver 1,000 beds and include a new

The last Blockbuster: ‘I’m proud that we’ve survived’

Media playback is unsupported on your device Media captionBlockbuster memories: Every Friday my parents would let us pick a video” Standing unpretentiously in the car park of a petrol station at a busy intersection in Oregon, this Blockbuster is the last one still open in the US. Over 10 years ago, the Blockbuster chain, known for short-term rentals of films on video cassette and DVD, numbered 9,000 stores around the

Elon Musk was ‘not on weed’ when tweeting about taking Tesla private

Image copyright Reuters Elon Musk has attempted to explain his controversial tweet about taking Tesla private, saying he was “not on weed” at the time. The electric carmaker’s founder has been facing intense scrutiny about the 7 August tweet which said he wanted to take Tesla private at $420 a share. He told the New York Times that the price of $420 seemed like “better karma” than $419. “But I

MoviePass Strips Its Service Even More Amid Financial Turmoil

Mike Segar / Reuters MoviePass is pulling yet another Hail Mary on its customers. CEO Mitch Lowe, who is struggling to find avenues for profit after a $104 million loss, notified subscribers in an email on Thursday that MoviePass was adding new restrictions. The company has already slashed its service from one movie ticket a day to three movies a month.  The latest change further limits the service by only allowing users

US threatens more action against Turkey unless pastor freed

Image copyright Getty Images The US has threatened to impose more economic sanctions on Turkey if it does not free a detained American pastor. Andrew Brunson has been held in Turkey for nearly two years over alleged links to political groups. The dispute over his release has seen the two Nato allies impose tariffs on one another’s goods. This has worsened a crisis for Turkey’s currency, the lira, which has

Brave moo world?

Image copyright Lely Image caption The floating farm will start with about 40 cows milked by robots The world’s first offshore dairy farm opens in the Port of Rotterdam this year, with the aim of helping the city produce more of its own food sustainably. But will such farms ever be able to produce enough to feed the world’s growing urban populations? A Dutch property company, Beladon, is launching the

Google employees criticise ‘censored China search engine’

Image copyright Getty Images Image caption The new search app would block search terms like human rights and religion Hundreds of Google employees have written to the company to protest against plans to launch a “censored search engine” in China. They said the project raised “urgent moral and ethical questions” and urged the firm to be more transparent. “Currently we do not have the information required to make ethically-informed decisions

Half of staff fear workplace monitoring, says TUC

Image copyright Getty Images More than half of UK workers believe they are monitored by their boss at work, research from the TUC claims. The union said this could take a variety of forms, including monitoring internet use, tracking people’s locations and timing toilet breaks. It said workers feared surveillance data was being used to set unfair targets and “take away autonomy”. TUC boss Frances O’Grady said it threatened to

Twitter suspends Alex Jones for one week

Image copyright EPA Image caption Alex Jones will not be able to post new messages or comment on others’ posts for a week Twitter is blocking the right-wing conspiracy theorist Alex Jones from posting to its platform for a week. The InfoWars broadcaster’s past tweets will, however, remain viewable to others while his account is locked in a “read-only” mode. The social network has not confirmed what prompted the action.

Chinese take off

Image copyright Getty Images Image caption Chinese airlines have greatly increased their number of international flights Booking a flight from London to Sydney can paint a telling picture of the big change in global air travel in recent years. It is the same if you are looking to fly from Bangkok to Los Angeles. Or from Singapore to New York. In all three cases, the cheapest tickets these days are