The US company says the $199m plan is one of the biggest investments in UK manufacturing since Brexit.
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from BBC News - Business https://ift.tt/3fCy7wb
Monday, May 31, 2021
Intel reiterates chip supply shortages could last several years
Intel reiterates chip supply shortages could last several years
Intel Corp’s CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Cyber attack hits JBS meat works in Australia, North America
Cyber attack hits JBS meat works in Australia, North America
Australian and North American units of the world's largest meat works were hit over the weekend by an organized cyber attack on its information systems, Brazil's JBS SA said in a statement.
Europe's bourse share trading claims inaccurate, says industry body
Europe's bourse share trading claims inaccurate, says industry body
The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to "perpetuate their dominance".
Gold eyes best month since July 2020 on softer dollar, inflation woes
Gold eyes best month since July 2020 on softer dollar, inflation woes
Gold prices rose on Monday and were headed for their best monthly jump since July 2020, boosted by a weaker U.S. dollar and lower bond yields, while growing inflationary pressure also lifted demand for the safe-haven metal as a hedge.
"My landlord wants six months' rent upfront"
Some tenants face big demands from landlords for upfront rent and there is no legal limit.
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from BBC News - Business https://ift.tt/3vFHWPt
Covid-19: Red list arrivals terminal opens at Heathrow Airport
The dedicated location is for passengers arriving in the UK from nations judged to be most at-risk.
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from BBC News - Business https://ift.tt/3yTyA4H
Domino’s seeks 5,000 workers as staff return to old roles
Domino’s said Brexit uncertainty and pandemic hires departing were responsible for the shortage.
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from BBC News - Business https://ift.tt/2SKwnro
Are businesses really tackling racial inequality?
Are businesses doing enough to tackle racial inequalities in the boardroom and workplace?
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from BBC News - Business https://ift.tt/3i4UwDK
Miami to host largest cryptocurrency conference in history
Miami to host largest cryptocurrency conference in history
Miami is hosting the largest-ever cryptocurrency conference this week in a sign that what was once dismissed as a passing fad is now going mainstream.
Biden's first budget keeps key Trump tax break for businesses intact
Biden's first budget keeps key Trump tax break for businesses intact
President Biden on Friday unveiled a $6 trillion budget proposal that keeps in place a Trump-era tax break for owners of closely held businesses.
Bitcoin contends with biggest monthly drop on record
Bitcoin contends with biggest monthly drop on record
Bitcoin was flirting with its biggest monthly decline on record as May comes to an end.
Bitcoin, June jobs, Zoom earnings and Powell remarks top week ahead
Bitcoin, June jobs, Zoom earnings and Powell remarks top week ahead
The May jobs reports, Miami's Bitcoin conference, and Yellen's first overseas trip highlight the week ahead.
Intel CEO reiterates warning that global chip shortage could last years
Intel CEO reiterates warning that global chip shortage could last years
Intel Corp.’s CEO reiterated on Monday that the global shortage of semiconductors could take a few years to resolve.
Bitcoin trades above $36,000 as cryptocurrencies edge mostly higher
Bitcoin trades above $36,000 as cryptocurrencies edge mostly higher
Bitcoin was volatile early Monday morning beginning the day at $36,328 before slumping to a daily low of $34,401. Shortly after 3 a.m. Eastern, the cryptocurrency was trending higher again, hitting $35,964, Coindeck reported.
Bitcoin, ADP employment, Zoom earnings top week ahead
Bitcoin, ADP employment, Zoom earnings top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Goodyear faces allegations of labor abuse in Malaysia, documents show
Goodyear faces allegations of labor abuse in Malaysia, documents show
American tire manufacturer Goodyear Tire & Rubber Co (GT.O) is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers.
A Quiet Place Part II becomes biggest pandemic-era US box office hit
The film becomes the biggest hit at North American box offices since the start of the pandemic.
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from BBC News - Business https://ift.tt/3i22nSJ
UK set for stronger post-Covid recovery, says OECD
The UK economy's post-pandemic performance will outpace other large rich nations, a new forecast says.
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from BBC News - Business https://ift.tt/3ySCQkE
China allows couples to have three children
The move comes after census results showed China's population grew at its slowest pace in decades.
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from BBC News - Business https://ift.tt/3g1mvln
Covid: Holiday cottages to get 'year's takings over summer'
With "noticeable nervousness" around holidays abroad, Welsh firms look forward to a busy summer.
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from BBC News - Business https://ift.tt/34yhV8A
Sunday, May 30, 2021
Hong Kong offers top bank executives quarantine exemptions
Senior executives who are fully vaccinated can apply to be exempted from a 21-day hotel quarantine.
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from BBC News - Business https://ift.tt/3iidVS3
Biden administration extends bipartisan infrastructure talks into June
Biden administration extends bipartisan infrastructure talks into June
The Biden administration said Sunday that talks over a $1.7 trillion infrastructure package would need to show a “clear direction” toward agreement by the time Congress returns from recess in early June, signaling that Democrats might be preparing to go it alone on a broad plan to rebuild roads and bridges, expand broadband service and create programs to help care for the elderly and disabled Americans.
Whiplash: New rules to crackdown on fraudulent insurance claims
The reforms will save millions of motorists £35 a year in reduced premiums, the government says.
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from BBC News - Business https://ift.tt/3c2XjJK
Metal, money, mystery: How Sanjeev Gupta built his empire
The UK helped metals tycoon Sanjeev Gupta save the country's last smelter. It was a lucrative deal.
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from BBC News - Business https://ift.tt/3i1dlry
What is the GFG Alliance and what does it own?
Financial troubles at the group owned by Sanjeev Gupta puts 35,000 jobs in doubt around the world.
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from BBC News - Business https://ift.tt/3wEzoIs
Growing hate crime against Asian Americans
The BBC's Michelle Fleury looks at the problem of hate crime directed at Asian Americans in the US.
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from BBC News - Business https://ift.tt/3yOUlT5
Best and worst states for military retirees
Best and worst states for military retirees
What are the best and worst states for military veterans nearing retirement?
Retailers face 'tsunami of closures' over unpaid rent
Two-thirds of big retailers expect to face legal action from their landlords in July, says a trade group.
from BBC News - Business https://ift.tt/3yRGz1V
from BBC News - Business https://ift.tt/3yRGz1V
Google employees shared concerns over location tracking, Arizona lawsuit reveals
Google employees shared concerns over location tracking, Arizona lawsuit reveals
An ongoing lawsuit against Google by Arizona, which alleges that the tech behemoth would continue to collect location information even when users had turned tracking off, has revealed that some of Google’s own employees had concerns about the practice.
Biden proposes budget, still waiting on last Cabinet member OMB director nominee
Biden proposes budget, still waiting on last Cabinet member OMB director nominee
Biden's $6T budget predicts tepid economic growth for the decade
Biden's $6T budget predicts tepid economic growth for the decade
President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.
Travis Perkins warns of price rises amid shortage of raw materials
Industry-wide shortages mean the builders' merchant will charge more for cement, chipboard and paint.
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from BBC News - Business https://ift.tt/3c4aESp
The tech promising to bring lectures alive
College educators are trying new technology to make online classes more engaging.
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from BBC News - Business https://ift.tt/3fsCBFj
Memorial Day: Is the stock market open?
Memorial Day: Is the stock market open?
The equity markets in the U.S. will be closed Monday for Memorial Day.
Saturday, May 29, 2021
Senior MP demands answers for leaseholders
Clive Betts asks why new guidance for leaseholders selling or remortgaging flats is not being followed.
from BBC News - Business https://ift.tt/3oZU2Ao
from BBC News - Business https://ift.tt/3oZU2Ao
Despite Colonial Pipeline attack, likelihood of utilities sector hack has increased
Despite Colonial Pipeline attack, likelihood of utilities sector hack has increased
A key metric that indicates vulnerability to cyberattacks has increased since the start of the year, a cybersecurity firm says.
Texas bans law enforcement partnerships with reality TV shows
Texas bans law enforcement partnerships with reality TV shows
Texas Gov. Greg Abbott signed a bill into law Friday that will make it illegal for law enforcement agencies in the state to partner with reality TV shows.
Why it's so hard to fill jobs in certain states
Why it's so hard to fill jobs in certain states
The labor-market recovery after the coronavirus pandemic and related shutdowns is playing out unevenly across the U.S., from states where there are five openings for every unemployed worker to several where historically high jobless rates persist.
California man laundered millions in Bitcoin and cash, gets 2-year sentence, authorities say
California man laundered millions in Bitcoin and cash, gets 2-year sentence, authorities say
A California man who admitted to operating an unlicensed virtual currency business and laundering millions in Bitcoin and cash, has been sentenced to two years in federal prison, according to a report.
Friday, May 28, 2021
Economic uncertainty frames the future
Economic uncertainty frames the future
Janney Montgomery Scott chief investment strategist Mark Luschini says current state of the economy is 'indicative' of 'very strong' growth
UFO's seen swarming around Navy vessel in newly released footage
UFO's seen swarming around Navy vessel in newly released footage
UFO expert Nick Pope calls the new revelations 'nothing short of sensational and extremely concerning'
Republicans declare Biden’s budget proposal ‘dead on arrival’
Republicans declare Biden’s budget proposal ‘dead on arrival’
The White House on Friday unveiled a $6 trillion budget proposal for fiscal year 2022 which would push debt levels to the highest they’ve been since World War II, and Republicans on Capitol Hill are calling the proposal “dead on arrival” in Congress.
Can consumers keep carrying this economy?
Can consumers keep carrying this economy?
Veritas Financial managing partner Greg Branch, Michael Lee of Michael Lee Strategy and Advisors Capital Management partner JoAnne Feeney provide insight into today’s markets, inflation fears, earnings, the Federal Reserve and cryptocurrencies.
Fort Lauderdale mayor on future of cruises
Fort Lauderdale mayor on future of cruises
Fort Lauderdale, Florida Mayor Dean Trantalis discusses the CDC approving the first cruise to sail out of the U.S. in over a year in June.
Biden: ‘I’m a capitalist, but here’s the deal’
Biden: ‘I’m a capitalist, but here’s the deal’
President Biden reminded the audience while delivering remarks on the economy that he is a “capitalist,” but believes that executive wages have soared far too high above those of the working class.
Conservatives blast Facebook over sudden decision to end ban on COVID origin posts
Conservatives blast Facebook over sudden decision to end ban on COVID origin posts
Conservatives did not hold back criticism of Facebook after the social media giant suddenly decided to end its moratorium on posts related to the origin of COVID-19.
Foster Friess, investor and Republican donor, dies at 81
Foster Friess, investor and Republican donor, dies at 81
Businessman, Republican donor and onetime Wyoming governor candidate Foster Friess passed away at the age of 81.
British exports worth billions have faced EU tariffs since Brexit
Despite the tariff-free deal agreed with the EU, a study finds up to £3.5bn of exports have had taxes applied.
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from BBC News - Business https://ift.tt/3fW2fS9
Stock futures rally as Biden set to roll out $6T budget proposal
Stock futures rally as Biden set to roll out $6T budget proposal
U.S. stock futures rallied Friday as President Biden is set to unveil his $6 trillion budget proposal.
AMC, GameStop, Virgin Galactic short-sellers down $2.7B this week
AMC, GameStop, Virgin Galactic short-sellers down $2.7B this week
AMC and GameStop got the love this week from retail traders which is putting an even bigger squeeze on short-sellers.
US Justice Department starts probe on Archegos collapse, report says
US Justice Department starts probe on Archegos collapse, report says
The U.S. Department of Justice is investigating the collapse of Bill Hwang's Archegos Capital Management, which cost big global banks more than $10 billion in losses.
Bitcoin price slides along with other cryptocurrencies
Bitcoin price slides along with other cryptocurrencies
Bitcoin was trading nearly 5% lower on Friday morning.
Stock futures rise ahead of holiday weekend
Stock futures rise ahead of holiday weekend
U.S. equity futures are trading higher ahead of the final trading session before the Memorial Day weekend.
Latch announces expansion into commercial office spaces including iconic NY buildings
Latch announces expansion into commercial office spaces including iconic NY buildings
Latch CEO Luke Schoenfelder explains how the smart building operation system will help people returning to offices after lockdown.
French oil giant Total rebrands in shift to renewables
Total is the latest energy giant to face pressure from shareholders to reduce carbon emissions faster.
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from BBC News - Business https://ift.tt/3fyQmmd
After Colonial attack, energy companies rush to secure cyber insurance
After Colonial attack, energy companies rush to secure cyber insurance
Microsoft: SolarWinds hackers target 150 orgs with phishing
Microsoft: SolarWinds hackers target 150 orgs with phishing
Insurers must not penalise loyal customers, says FCA
People renewing their home or motor insurance will pay no more than new customers from January.
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from BBC News - Business https://ift.tt/2TnsdpY
Belarus: Russia blocks some flights for avoiding its ally
Air France and Austrian Airlines Moscow routes are stopped as Russia rejects their new flight plans.
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from BBC News - Business https://ift.tt/3yLxpUA
JD Logistics shares deliver in Hong Kong debut
The successful share listing comes despite a crackdown on some of China's biggest e-commerce firms.
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from BBC News - Business https://ift.tt/2RPyDO0
Thursday, May 27, 2021
Twitter: Social media giant lists new 'Blue' subscription service
It comes as the social media giant attempts to diversify its revenue sources from advertising.
from BBC News - Business https://ift.tt/3hYqYYt
from BBC News - Business https://ift.tt/3hYqYYt
Big corporations beginning to regret mixing business with politics
Big corporations beginning to regret mixing business with politics
Bowyer Research president Jerry Bowyer weighs in on big companies' publicizing their political support: 'they have buyers' remorse'
Facebook no longer banning content questioning COVID-19 origins
Facebook no longer banning content questioning COVID-19 origins
Kara Frederick and Matt Schlapp discuss Facebook's overturning their rules that left some banned
Costco sees shipping costs rise on fresh meats, imported cheeses
Costco sees shipping costs rise on fresh meats, imported cheeses
The Issaquah, Washington-based company reported quarterly double-digit net sales growth of 21.7% to $44.38B, up from $36.45B a year ago.
Pockit promises action over frozen customer accounts
The head of the online pre-paid card firm vows to act after some customers have their accounts frozen.
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from BBC News - Business https://ift.tt/3oWEvRO
Covid: Small businesses' account delays are over, insist banks
Start-ups had expressed anger that some banks had stopped accepting new account applications.
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from BBC News - Business https://ift.tt/3hZt4Hq
The uncertain future of Britain's offices
UK firms' offices are undergoing radical shifts as firms allow staff to continue working from home.
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from BBC News - Business https://ift.tt/2RHY842
Rolls-Royce inaugurates £90m aircraft engine testbed
Aerospace firm Rolls-Royce inaugurates £90m aircraft engine testbed in its home town, Derby.
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from BBC News - Business https://ift.tt/2SsE7yi
Twitter worry over 'freedom of expression' in India
Police visited Twitter offices after it tagged a ruling party spokesman tweet as "manipulated media".
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from BBC News - Business https://ift.tt/3fv5vF7
Biden’s probe into COVID origins is ‘too late’: Congressman
Biden’s probe into COVID origins is ‘too late’: Congressman
Rep. Darin LaHood, R-Ill., discusses a report from his House committee that raised ‘the alarm bells’ about COVID-19 origins.
Paddling pools for dogs boost Pets at Home sales
The firm's retail revenues top £1bn but Covid-related costs take a bite out of underlying profits.
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from BBC News - Business https://ift.tt/3uwRT0k
Bitcoin trades around $38,000 as cryptocurrencies slide
Bitcoin trades around $38,000 as cryptocurrencies slide
Bitcoin was trading around $38,000 per coin Thursday morning, while rivals Ethereum and Dogecoin were trading around $2,700 and 33 cents per coin, respectively, according to Coindesk,
Stock futures trade cautiously ahead of GDP, jobless reports
Stock futures trade cautiously ahead of GDP, jobless reports
U.S. equity futures were trading lower ahead of the release of major eocnomic data.
Wednesday, May 26, 2021
US Senate panel advances EV tax credit of up to $12,500
US Senate panel advances EV tax credit of up to $12,500
US and China trade officials hold 'candid' first talks of Biden era
The meeting between the top US and Chinese trade negotiators was described as "candid and pragmatic".
from BBC News - Business https://ift.tt/3hWO1TC
from BBC News - Business https://ift.tt/3hWO1TC
Cybersecurity expert on Big Tech and healthcare 'lots of red flags'
Cybersecurity expert on Big Tech and healthcare 'lots of red flags'
Sentinelone chief security adviser Morgan Wright breaks down the potential dangers of Big Tech expanding into healthcare
HS2 dishonest over compensation claim, says report
The rail firm failed to engage properly with a member of the public who had to sell their home, a report says.
from BBC News - Business https://ift.tt/3vqlidv
from BBC News - Business https://ift.tt/3vqlidv
Iran bans cryptocurrency mining for four months after blackouts
President Hassan Rouhani says the energy-consuming activity must be halted for four months.
from BBC News - Business https://ift.tt/3p4lZHr
from BBC News - Business https://ift.tt/3p4lZHr
White House likely to dispute GOP plan to pay for its $1T infrastructure counter-offer
White House likely to dispute GOP plan to pay for its $1T infrastructure counter-offer
On Thursday morning a group of Republican senators led by Shelley Capito, W.Va., will introduce their new counter offer to President Biden’s infrastructure plan.
Lockheed Martin holds training for White male leaders to address their privilege, culture: report
Lockheed Martin holds training for White male leaders to address their privilege, culture: report
Aerospace and defense company Lockheed Martin’s White male employees in leadership positions have gone through training to bring awareness to White male culture and its impact on the company as a whole.
Secretary Yellen scolded for failure to appear at small business hearing
Secretary Yellen scolded for failure to appear at small business hearing
U.S. Treasury Secretary Janet Yellen provoked the ire of some lawmakers on Capitol Hill who held a small business hearing that the secretary did not attend.
Ronald Reagan Presidential Library officially reopens after COVID closure
Ronald Reagan Presidential Library officially reopens after COVID closure
The Ronald Reagan Presidential Library in Simi Valley, California, is the most visited in the country, and it finally reopened to visitors Wednesday.
