Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its ...

  Beijing, China / AFP Chinese manufacturers and Internet giants are in hot pursuit of their US counterparts in the race to design driverless cars, but the route to market is still littered with potholes. While Google has been working on autonomous vehicles for at least six years, with the likes of BMW, Volvo and Toyota in its wake, more recently ...

  London / AFP London has more billionaires — measured in pounds sterling — than any other city in the world, according to The Sunday Times’ Rich List 2016. Some of the richest tycoons in Britain have lost vast chunks of their fortunes because of a retail slump, sinking oil prices and the steel industry crisis.. Nevertheless, the overall fortune of ...