Shell to sever Gazprom links in Ukraine crisis

Shell said on Monday that it will exit joint ventures with the Russian gas giant Gazprom amid the conflict.

from BBC News - Business https://ift.tt/LjUil23

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Meerkat ads pulled over Ukraine war sensitivities

Comparethemarket's Aleksandr Orlov is a fictional rich Russian living in London.

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Petrol prices: Are we paying too much at the pump?

Fuel retailers face calls to reduce prices, as the cost of living rises

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Russia hits back at Europe over flight ban

Moscow is shutting its skies to 36 country following Western sanctions against Russia.

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UK petrol price jumps above £1.50 as oil costs rise

Fuel costs reach new highs as Russia's invasion of Ukraine continues to affect global oil prices.

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Nationwide customers hit by fresh payment problem

Payments into and out of accounts are delayed in the latest round of disruption to hit the building society.

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How Taiwan used simple tech to help contain Covid-19

The low-tech approach that helped Taiwan efficiently fight off coronavirus.

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Ericsson workers kidnapped after being sent to negotiate with IS

Telecoms firm Ericsson put contractors' lives at risk, according to a leaked company report seen by the BBC.

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How badly will Russia be hit by new sanctions?

The latest financial measures against Russia for invading Ukraine had been seen as a 'last resort'.

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Ukraine invasion: Russian planes face near-total airspace ban to west

An EU official says most countries on the continent are expected to limit access to Russian airlines.

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Volunteers are helping lower bills for those on low incomes

Specialist community groups are offering workshops and home visits to help people cut energy bills.

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West to cut some Russian banks off from Swift

The EU, US and allies will cut off a number of Russian banks from main global payment system Swift.

from BBC News - Business https://ift.tt/ySIXq6N

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Millions in Bitcoin pouring into Ukraine from donors

Thousand of anonymous donations are being made to the Ukrainian military in Bitcoin.

from BBC News - Business https://ift.tt/6b4Jk0P

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Swift payments crackdown on Russia edges closer

Germany, the main opponent of excluding Russia from the Swift banking system, now says it favours curbs.

from BBC News - Business https://ift.tt/OyrXMAg

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John Lewis to end 'Never Knowingly Undersold' price pledge

The retailer says it will abandon the promise in the summer and instead spend £500m to keep prices down.

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Ukraine conflict: What is Swift and why are leaders divided on banning Russia?

The UK wants Russia banned from the Swift financial network, but other countries are resisting.

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Studio Retail Group bought out of administration for £26.8m

Accrington-based Studio Retail Group is bought by Mike Ashley's Frasers Group for £26.8m.

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Russia bans British airlines from its airspace

Russia says the move is a response to the UK's 'unfriendly' decision to ban Aeroflot from the UK.

from BBC News - Business https://ift.tt/8DrLHqz

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Asian shares rise as investors assess Ukraine war

Tokyo's Nikkei 225 index opened 0.9% higher and other regional indexes were in the green.

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Could you pledge not to fly on a plane for a whole year?

The growing number of people ditching air travel entirely or choosing to carbon-offset.

from BBC News - Business https://ift.tt/hkWensw

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Losing Southeastern franchise to cost Go-Ahead £81m

Go-Ahead Group was stripped of the franchise in 2021 after failing to declare £25m in taxpayer cash.

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Students to pay off loans into their 60s, plans say

The government announces a shake-up of student finance in England to reduce the bill for taxpayers.

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1MDB: Trial of ex-Goldman banker paused after documents blunder

Prosecutors did not share more than 15,500 documents with defence lawyers, a court heard.

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Oil soars past $100 after Russia orders troops into Ukraine

This comes amid economic sanctions and moves to block a key Russian gas pipeline.

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Why China matters in the Ukraine conflict

Beijing does billions of dollars of trade and business with both Kyiv and Moscow.

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Covid: 'We'll still ask staff to isolate despite rule change'

Some businesses raise concerns over the removal of all Covid rules in England from Thursday.

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Sunak 'firmly believes in lower taxes' ahead of tax rise

The chancellor will pledge to deliver a lower tax economy amid pressure scrap rises in National Insurance.

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Petrol prices hit new high amid Ukraine tensions

UK gas and fuel prices continue to rise as Russia-Ukraine tensions worsen.

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The mobile phones you can take apart and repair yourself

Phones you repair yourself are increasingly popular, and are attracting an enthusiastic following.

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Boots to sell £6 Covid tests ahead of rule change

Four-packs of lateral flow tests will be on sale for £17 from Wednesday despite free tests remaining until 1 April.

from BBC News - Business https://ift.tt/bcsoxpV

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Russia's plan to fight back against Western sanctions

President Putin has made changes to protect the Russian economy since it first was hit by sanctions in 2014.

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Nord Stream 2: How does the pipeline fit into the Ukraine-Russia crisis?

The controversial Nord Stream 2 pipeline has become a key bargaining chip to defuse a conflict - here's why.

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National Portrait Gallery's BP sponsorship to end

The energy giant's funding of the gallery has become a controversial topic in recent years.

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Boris Johnson announces UK sanctions against Russia

Boris Johnson says five banks and three individuals will be targeted after a "renewed invasion" of Ukraine.

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Businesses warn against end of free Covid tests

Leaders did, however, cautiously welcome the "living with Covid" plan that will end self-isolation rules.

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Post Office scandal: 'I was sentenced as my grandchild was born'

Victims of one of Britain's biggest miscarriages of justice tell an inquiry of the impact on family life.

from BBC News - Business https://ift.tt/GnlvdCb

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Menzies Aviation faces £560m takeover by Kuwaiti rival

Directors recommend a new offer from Kuwait-based National Aviation Services to shareholders.

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British Airways blames luggage delays on high winds

The airline says continuous high winds are making it difficult to offload passengers' luggage.

from BBC News - Business https://ift.tt/M19K2eq

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Home buyers facing soaring asking prices

A near £8,000 price rise between January and February is the highest for 20 years, says Rightmove.

from BBC News - Business https://ift.tt/w9kurqO

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Covid rules: Workers face terrible choice, says TUC

An expected change in rules in England could hit low-paid workers, the trade union says.

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McDonald's pig policy fight escalates with board nominations

Billionaire investor Carl Icahn says how the animals are reared for products is "obscene".

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Credit Suisse denies wrongdoing after big banking data leak

A new investigation identifies thousands of foreign customers who stashed their money at the bank.

from BBC News - Business https://ift.tt/oGk825e

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Lufthansa to suspend flights to Ukraine capital

The German airline will also halt services to Odessa as fears grow over a Russian invasion of Kyiv.

from BBC News - Business https://ift.tt/SOnLI8T

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Do more to spur investment, firms urge government

The trade body says firms need help as they face the highest tax burden in decades.

from BBC News - Business https://ift.tt/lvne8Lt

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Woollen mills: Plans to save 'iconic' Welsh blanket

One mill is becoming an employee ownership trust and another is hoping to be taken on by a museum.

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More than 17,000 chain store shop closed last year

Figures reflect the rise of online shopping and the pandemic, but the rate of closures is slowing.

from BBC News - Business https://ift.tt/1umJYeM

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Energy bills: 'It's really extraordinarily grim'

Mary Paterson is one of thousands facing energy price rises of 200% because of no price cap protection.

from BBC News - Business https://ift.tt/wYyTmW5

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Post Office scandal: Ex-postmistress describes 'night terrors'

A former post-mistress tells an inquiry how the Post Office threatened to take her home home away.

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Storm Eunice: Travellers urged to stay at home

Bus, train, flights and ferry services have been disrupted across England and Wales due to the storm.

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Sports car dreams up in smoke as cargo ship catches fire

Thousands of Porche, Audi and VW cars on cargo ship to the US which caught fire in the Atlantic Ocean.

from BBC News - Business https://ift.tt/Qxt8Mdu

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Post Office scandal: Ex-manager's 'skin turned grey' from stress

Former branch manager tells hearing she had a "complete breakdown" after IT scandal ruined her finances.

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Elon Musk says US is trying to 'chill' his free speech

The billionaire Tesla boss says his criticism of the government has drawn "unrelenting investigation".

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Virgin Media and O2 users face big bill increases

Soaring inflation means many customers face price rises way beyond what they could have imagined.

from BBC News - Business https://ift.tt/HLcTWod

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KitKat and Durex makers Nestle and Reckitt warn of price rises

Consumer groups Nestle and Reckitt say product prices will rise to offset higher operating costs.

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Apple boss Tim Cook faces investor concern over £73m pay

A shareholder group says it has "significant concerns" over the size of Tim Cook's pay package.

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Nick Clegg gets bigger role at Facebook owner Meta

The former UK deputy prime minister has been named the firm's president of global affairs.

from BBC News - Business https://ift.tt/jNUnZFg

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Ex-Goldman banker: 'Bribes' made 1MDB business possible

A former Goldman Sachs banker is on trial for his role in a multi billion dollar corruption scandal in Malaysia.

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US accuses China of 'serious harm' to workers through trade

The US Trade Representative has accused Beijing of repeatedly failing to live up to commitments on trade.

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Ericsson says it may have paid money to Islamic State terrorists

The telecoms firm says it may have paid bribes to Islamic State to access key transport routes in Iraq.

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Ukraine crisis: How much Russian money is there in the UK?

The UK is considering sanctions against Russian interests, but what action can be taken?

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Disney appoints executive to oversee metaverse strategy

Technology giants, including Meta and Microsoft, are pouring billions of dollars into the metaverse.

from BBC News - Business https://ift.tt/ms39Wkt

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Car industry calls for electric charge watchdog

Manufacturers call for a regulator to monitor electric car charging prices and charge point rollout.

from BBC News - Business https://ift.tt/2ZkbEKA

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Airbnb: City travel almost at pre-pandemic level

Cities are important destinations for the lodging website's business.

from BBC News - Business https://ift.tt/BP6wfcI

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Airbus workers vote for strike action in pay row

Workers at two plants could walk out in March unless a better deal is offered, a union says.

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Markets rally on hopes of Ukraine de-escalation

Global markets jump amid hopes that military tensions over Ukraine could be easing.

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Post Office scandal: 'I don't trust anybody anymore'

Former sub-postmasters describe how being wrongly accused of stealing has affected their lives.

from BBC News - Business https://ift.tt/ZpbEGKB

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Buy-now-pay-later firms to make rules fairer, says regulator

Providers will make terms and conditions clearer amid concerns consumers could be at risk.

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Post Office scandal ruined lives, inquiry hears

The inquiry into wrongful convictions must put former sub-postmasters at its heart, a lawyer says.

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Petrol and diesel prices reach new record high

The price of fuel at the pump has risen with petrol at 148.02p a litre and diesel at 151.57p.

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Ukraine vows to keep airspace open despite tensions

The country promises financial help for airlines amid fears more will follow KLM and avoid Ukraine.

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JD Sports and Footasylum fined £4.7m for competition breach

The firms, which once hoped to merge, broke rules over sharing commercially sensitive information.

from BBC News - Business https://ift.tt/DoWI2VZ

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Air fare rises are unavoidable, warns Air France-KLM

Higher jet fuel costs will push up the cost of travel this year, says the UK boss of Air France-KLM.

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India bourse head was a 'puppet' of unnamed yogi, regulators say

Chitra Ramkrishna allegedly shared business plans, meeting agendas and financial projections with the guru.

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Post Office scandal: Public inquiry to examine wrongful convictions

More than 700 sub-postmasters and mistresses were wrongly convicted due to a flawed computer system.

from BBC News - Business https://ift.tt/G3AFhKb

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Big banks fund new oil and gas despite net zero pledges

Investors should force banks to demand green plans before funding fuel firms, campaigners say.

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Two 'green freeports' to be established in Scotland

The Scottish and UK governments agree the deal as Boris Johnson is expected to visit Scotland.

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HMRC seizes first ever NFT in £1.4m fraud case

The tax authority says it is the first UK law enforcement body to seize a Non-Fungible Token.

from BBC News - Business https://ift.tt/dwl9Frk

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Northern Powergrid sorry for Storm Arwen trillion pound compensation error

Customers hit by power cuts in Storm Arwen erroneously received cheques for trillions of pounds.

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'I want someone else to be charged and jailed like I was'

Former sub-postmasters hope for "justice" as statutory inquiry into scandal starts hearing evidence.

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Poundland moves into fresh food

The brand better known for discount household essentials has rolled out its first supermarket-style format

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Cost of pasta and tinned tomatoes jumps as shop prices rise

Research for the BBC suggests the price of 15 food staples across four supermarkets has risen 8% in a year.

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The challenges of running a business in Ukraine's second city

There is a sense of déjà vu among the business community in Kharkiv, 26 miles from the Russia border.

from BBC News - Business https://ift.tt/su9SGoI

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Luton Airport: Travel is a 'bit more of a normal life again'

There are "green shoots" for the air industry as Covid tests ease for travellers, a business says.

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3,000 NYC staff face lost jobs over vaccine rules

New York City announced its vaccine mandate last year, and the new mayor has said it stays.

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Spain relaxes Covid restrictions for UK teenagers

From Monday, unvaccinated British 12-to-17 year-olds will be allowed into Spain with a negative test.

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US consumer prices rise at fastest rate since 1982

Inflation hit 7.5% in the 12 months to January - the highest rate in 40 years.

from BBC News - Business https://ift.tt/oZXJUN2

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Tesla sued over alleged racial discrimination

The electric carmaker says a lawsuit by a California regulator, claiming harassment, is "misguided".

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Freedom Convoy: Canada trucker protests force car plant shutdowns

Toyota, Ford and Chrysler-owner Stellantis have had to curb production because of border closures.

from BBC News - Business https://ift.tt/dtTsQc8

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UK must move faster to insulate homes - climate chief

The cost of heating is rising - experts say government help is needed to insulate millions of homes.

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Openreach creates 4,000 jobs for broadband rollout

The company, which is owned by BT, says 3,000 of the new roles are apprenticeships.

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Stansted Airport mounts recruitment drive ahead of 'bumper' summer

Stansted Airport is hoping for a bumper season after two years of downturn due to Covid.

from BBC News - Business https://ift.tt/MTvXu2b

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Colgate products disappear from sale at Tesco

The toothpaste is being removed from the supermarket's shelves because of a "supplier issue".

from BBC News - Business https://ift.tt/XT8bBrs

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PMQs: Boris Johnson accused of not taking online fraud seriously

Boris Johnson says he hates fraud, as he faces calls to apologise for not including it in crime statistics.

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Hundreds of jobs lost as Midas shuts down

More than 300 people lose their jobs as the construction giant goes out of business.

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Mutual insurers LV= and Royal London end merger talks

It is the latest in a tumultuous few months for LV=, after a private equity takeover was rejected.

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Greggs and Primark to launch fashion range

A limited-edition, 11-piece collection will be available in 60 Primark stores later this month.

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Further Brexit disruption to trade, warn MPs

Government must do more to see introduction of new import controls goes smoothly, a committee says.

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Half-term travel: UK families avoid Spain over jab rules

Spain's rule barring unvaccinated over-12s means UK travellers are opting for Mexico and Turkey instead.

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Rental costs jump as workers return to the office

People looking to rent a property are paying £62 more a month than pre-pandemic, says Zoopla.

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Starbucks fires organisers as union threat grows

The coffee giant rejects accusations of retaliation after firing staff at one of its locations in Memphis.

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Record-high seizure of $5bn in stolen bitcoin

Two suspects allegedly conspired to launder the money after it was stolen by a hacker in 2016.

from BBC News - Business https://ift.tt/hVmUkwd

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Energy prices: Tougher rules would have helped customers, Ofgem says.

Ofgem boss tells MPs different regulation will be required following a wave of company failures.

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Peloton boss John Foley to step down as firm axes 2,800 jobs - report

John Foley is being replaced as potential suitors circle amid a downturn for the exercise firm.

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Pre-payment energy customers feeling the strain

Pay as you go customers will typically pay £708 more a year for their energy

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The people fighting price rises by trying to buy nothing

A surge of interest in Buy Nothing groups is a sign buyers are hunting for new ways to avoid inflation.

from BBC News - Business https://ift.tt/TKjngZe

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Porn sites will be legally required to verify users' age

Under new rules, users may be asked to prove they own a credit card or confirm their age via a third-party service.

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Asda in cheap food promise after Jack Monroe complaints

The supermarket vows to stock its budget range in all stores after the food activist criticised shortages.

from BBC News - Business https://ift.tt/pkLsGul

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Primark accused of selling 'hugely sexist' kids clothes

Author Kate Long shared images of girls' items telling them to "be kind" or "keep on smiling".

from BBC News - Business https://ift.tt/AoQCxcm

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Beer prices will have to rise, says Cobra founder

A "vicious cycle" of rising costs means nearly all businesses are being squeezed, Lord Bilimoria says

from BBC News - Business https://ift.tt/dy4xGfa

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House price growth set to slow considerably, says Halifax

Affordability remains a problem and households are facing a cost of living squeeze, the lender says.

from BBC News - Business https://ift.tt/rhpP38l

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Amazon and Nike exploring Peloton takeover, reports say

The exercise equipment maker's shares have slumped in recent months as it faced a number of challenges.

from BBC News - Business https://ift.tt/MpXE75u

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North Korea: Missile programme funded through stolen crypto, UN report says

Investigators say cyber-attackers stole over $50 million in digital assets between 2020 and mid-2021.

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Private parking fines to be capped at £50

Drivers will also need to be given a grace period for lateness, as part of a government crackdown on parking firms.

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Climate change: Top companies exaggerating their progress - study

Companies including Google, Amazon and Ikea are not meeting their own green targets, a report finds.

from BBC News - Business https://ift.tt/G3LKwsQ

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Worst to come for food price rises, Tesco boss says

Boss John Allan tells the BBC costs will rise further and the plight of people on low incomes "troubles us".

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Climate change: Tesco using electric lorries in 'UK first'

The UK's largest supermarket chain is using battery-powered trucks to lower its carbon footprint.

from BBC News - Business https://ift.tt/bqlHWd7

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Can tourism ease the inflation pressure in Turkey?

As people in Turkey battle a massive rate of inflation could tourism help ease the situation?

from BBC News - Business https://ift.tt/BkPsat4

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Waitrose and Lidl top Which? greenest supermarket ranking

Researchers examined the chains' greenhouse gas emissions and efforts to cut plastic and food waste.

from BBC News - Business https://ift.tt/H4OpsCJ

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Why do energy prices have to go up? And other questions

BBC correspondent Kevin Peachey answers your questions on the rise in energy prices.

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US jobs growth stronger than expected as economy shrugs off Omicon.

Employers added 467,000 jobs in January, far better than most analysts had predicted.

from BBC News - Business https://ift.tt/her6BzE

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Energy price rise includes £68 for failed firms, says Ofgem

Regulator Ofgem says about 10% of the latest energy price cap rise covered the cost of firms going bust.

from BBC News - Business https://ift.tt/nEr5AYz

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European oil facilities hit by cyber-attacks

Multiple oil transport and storage companies across Europe have been hacked, the BBC has confirmed.

from BBC News - Business https://ift.tt/YbIFkeJ

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Don't ask for a big pay rise, warns Bank of England boss

Andrew Bailey says a 'painful' period of prices rising faster than wages is needed to control inflation.

from BBC News - Business https://ift.tt/u6RU09DfQ

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Soaring prices: 'I may have to move back in with my parents'

People from across the UK tell BBC News how they feel about soaring energy bills.

from BBC News - Business https://ift.tt/ySYovPCz2

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Carillion: KPMG hit with £1.3bn government lawsuit over audit

The lawsuit claims KPMG failed to spot misstatements in the construction giant's accounts before it went bust.

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KP Snacks hack prompts crisp and nut supplies warning

The producer of McCoys, Hula Hoops and various varieties of nuts, is hit by a ransomware attack

from BBC News - Business https://ift.tt/1LXkGOPSe

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Most homes to get energy bill discount of £350

Millions will get a repayable £200 discount, with a further £150 council tax cut available to most in England.

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Interest rates rise again in bid to cool soaring prices

Bank of England increases rates for the second time in three months as the cost of living rises.

from BBC News - Business https://ift.tt/DovVOHWp9

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Energy bills to rise by 54% a year for millions

A typical household will pay £1,971 a year from April but plans to soften the blow have been revealed.

from BBC News - Business https://ift.tt/acBVX5YsM

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Many people still in the dark over gas boilers, say MPs

Government needs to clearly spell out the major changes required in the years ahead, a committee says.

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Wordle code could be copied to play for seven years

But anyone tempted might need a degree of coding know-how and there could be legal issues.

from BBC News - Business https://ift.tt/FqHiXJQ0G

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Fawdon Nestle factory to close with loss of 474 jobs

Unions condemn the closure of the sweet factory and the loss of 474 jobs as "unacceptable".

from BBC News - Business https://ift.tt/LvrVgcfl9

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Facebook owner Meta warns advertising is slowing

Shares in the tech giant plunge after the firm warns of rising costs and slower growth.

from BBC News - Business https://ift.tt/kEChd3iW6

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Pret raises the price of its coffee subscription by 25%

Some customers say the 25% rise is too steep but Pret says its costs are rising sharply.

from BBC News - Business https://ift.tt/2jAIJUtT3

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CNN's Jeff Zucker resigns over undisclosed relationship

The network president told staff he was "wrong" to not report the consensual relationship.

from BBC News - Business https://ift.tt/vkiRtyhKA

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'The volunteers helping people cope with high energy bills'

Council grants and community projects are stepping in to help families with soaring energy costs.

from BBC News - Business https://ift.tt/H9Tt1UP4K

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Households to get £200 help to ease energy bill rise

A government loan package will mean a £200 cut in household bills - but the money will have to be repaid.

from BBC News - Business https://ift.tt/Byv50dwac

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CO2 industry strikes deal to prevent shortages

Trade groups had warned there could food shortages without a fresh deal to ensure supplies to industry.

from BBC News - Business https://ift.tt/3GPsunr2N

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Tesco puts 1,600 jobs at risk as it ends overnight restocking

The supermarket's plans will mean the end of overnight restocking at some of its stores.

from BBC News - Business https://ift.tt/cOtMRewKg

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Two million people miss tax return deadline

Penalties for late filing will not be enforced for another month, HM Revenue and Customs says.

from BBC News - Business https://ift.tt/F6a8fAHeh

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Stamps join the digital world with QR codes

People receiving mail will be able to watch videos and, in the future, greetings from senders.

from BBC News - Business https://ift.tt/Ai12OMSQZ

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Rio Tinto says 21 female workers reported sexual assaults

A report by the mining giant finds sexual assault, racism and bullying systemic in its Australia operations.

from BBC News - Business https://ift.tt/koLSwh2Qn

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Shoppers face £180 rise in annual food bill, research suggests

Average annual grocery bills are set to rise as cost of living squeeze continues.

from BBC News - Business https://ift.tt/W63E7ag1X

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