Nationwide customers hit by payment glitch

Customers were left questioning why their wages had failed to appear in their account on Friday.

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Covid: Cathay Pacific flights cut after Hong Kong clampdown

The announcement comes after the city tightened its coronavirus quarantine regulations for aircrew.

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Tesla to recall 475,000 cars in the US

The number of cars being recalled is nearly equivalent to the firm's global deliveries last year.

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Santander: Bank hands out £130m in Christmas blunder

The error meant around 75,000 people woke up on Christmas morning to a surprise payment from Santander.

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Average house price hits record high of £255,000

Typical prices leap almost £24,000 since January, making the strongest year since 2006, Nationwide says.

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China ride-hailing giant Didi sees losses deepen after crackdown

This month the company announced that it would move its share listing from New York to Hong Kong.

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New home and car insurance rules mean change in prices

Anyone renewing their policy will pay no more than they would as a new customer from 1 January.

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Elon Musk rejects claims that his satellites are hogging space

His comments come after China complained to the United Nations about his internet satellite project.

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Sofology: We spent our Christmas on deckchairs

Customers of the furniture chain say they have been left without orders and in the dark.

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Apple puts Indian iPhone factory 'on probation'

Hundreds of staff at Foxconn in Sriperumbudur were reportedly hit by food poisoning.

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TikTok moderator sues over 'psychological trauma'

Candie Frazier says her mental health suffered after watching "extreme and graphic" video content.

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Adnams brewery boss says sector lost 50% of Christmas trade

Dark months are ahead for the hospitality industry, the chief executive of Adnams says.

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UK cost of living squeeze in 2022, think tank says

The Resolution Foundation says households face a £1,200 hit due to higher taxes and energy bills.

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How invisible barcodes could increase plastic recycling

A pan-industry scheme is testing invisible barcodes on plastic packaging to boost recycling rates.

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The African nation aiming to be a hydrogen superpower

Namibia wants to use its abundance of sunshine and wind power to make and export hydrogen.

from BBC News - Business https://ift.tt/3eve952

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UK air travel sees huge slump in 2021 due to Covid

International flights to and from the UK fell to just 400,000 this year, says analytics firm Cirium.

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Covid: Welsh pubs and bars hit 'far worse' than in England

Pubs and bars fear tougher Covid rules in Wales will see New Year's Eve custom cross the border.

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Covid: Enjoy new year but be cautious, care minister says

People should take a rapid test before going out for new year's eve, Gillian Keegan says.

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Covid: No new curbs hailed as 'lifeline' for pubs

The hospitality sector welcomes the decision, saying it can now trade for its "survival" this weekend

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Elon Musk criticised after China space complaint to UN

The SpaceX boss was attacked on Chinese social media after the complaint was made public.

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Shoppers shun Christmas sales as footfall drops amid Covid fears

New data reveals a 37.2% decline in footfall compared with 2019, with central London badly affected.

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Energy prices: Government must show more urgency, says Ovo boss

Stephen Fitzpatrick predicts an "enormous crisis" in 2022 unless the government helps consumers.

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Airlines around the world cancel flights

More than 1,300 flights are scrapped on Monday, capping off a tough festive period for travellers.

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Spider-Man: No Way Home becomes first pandemic-era film to top $1bn

It beat Chinese Korean War epic The Battle of Lake Changjin to be the highest grossing film of 2021.

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Business Review of 2021: Climate change and Covid

2021 saw countries grapple with climate change's economic challenges, and Covid's continuing impact.

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Covid: Travel misery for tens of thousands as flights are cancelled

Chinese and US airlines are hardest hit amid a surge in Covid cases in many countries.

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Trump Scottish golf resorts claimed over £3m in furlough

Accounts reveal the former US president's two golf courses in Scotland made financial losses last year.

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Shoppers avoid city centres on Christmas Eve, figures suggest

The number of visitors to city centre High Streets is down, with inner London taking a big hit.

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Tesla disables gaming while driving feature

It follows an inquiry into Passenger Play, which allowed games to be played while a car was moving.

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CrossCountry: Strike action affects Christmas Eve train journeys

Train operator CrossCountry says it has cancelled many services on Friday.

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Is this the world's largest virtual fashion show?

Asia's biggest metaverse - an intricate world populated by young women shopping for avatar outfits.

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Cities start to attract property buyers again

Data suggests that demand for flats is reviving after the race for space during the pandemic.

from BBC News - Business https://ift.tt/3EqyL99

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Covid: £10m Bounce Back Loan fraudsters jailed

Two men are jailed for a total of 33 years for laundering £70m, of which £10m came from Covid loans.

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Scotland's nightclubs to close for three weeks from 27 December

It follows new restrictions being put on public events and venues earlier this week due to concern over Omicron.

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Intel apologises to China over supplier advice

The US technology firm says sorry after it urged firms not to source products from Xinjiang.

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Christmas travel in full swing despite disruption

Almost half of Britons are to travel to visit loved ones, but caution about Omicron is widespread.

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Energy bills to soar 50% unless government intervenes, industry warns

Households face another sharp rise unless the government intervenes to ease the impact of gas prices.

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Parcel delivery scam texts to spike this Christmas

About a million scam texts will be sent in the UK this week, with more than half for parcel delivery fraud.

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CEO Secrets: 'Don't overthink, fail fast and move on'

Joel Akwenuke, founder of hair treatment company NewFade, shares his business advice.

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Most staff enjoy working at Brewdog, say bosses

The craft brewer's board defends the firm following complaints of a toxic work culture.

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Sri Lanka plans to pay off Iran oil debt with tea

The country says it hopes to send Iran $5m worth of tea each month to clear its debt.

from BBC News - Business https://ift.tt/32tUwaz

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CrossCountry: Strike action set to disrupt Christmas Eve trains

A union says members voted to strike as they felt the role of guards was being undermined.

from BBC News - Business https://ift.tt/3qlYNp7

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Isolation rule change welcomed by rail industry

Shorter Covid self-isolation in England should mean fewer cancelled trains, says the Rail Delivery Group.

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UK economic growth slower than first thought before Omicron hit

Official figures for growth before Omicron impact are revised down on weaker consumer spending.

from BBC News - Business https://ift.tt/3H7xCVs

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Mixed reaction to latest Covid package for firms

Hospitality firms welcome new support grants to deal with Omicron, but others feel overlooked.

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Hundreds of trains cancelled as Covid hits railways

Christmas journeys are at risk as train operators prepare for more disruption.

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Covid: Chancellor announces £1bn fund for businesses

It comes as pubs and restaurants struggle with reduced footfall and cancellations amid Covid fears.

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Covid: Firms able to claim money back to cover sick pay

Small and medium-sized firms can claim back money spent on statutory sick pay for Covid-hit employees.

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Turkish lira in comeback after new plan unveiled

The lira sees strong gains for the second day running in response to moves to strengthen the currency.

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Boeing and Airbus warn US over 5G safety concerns

The world's two biggest plane makers say the technology could have a negative impact on the aviation industry.

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UK Supreme Court denies Maduro claim to Venezuelan gold

The ruling means only opposition leader Juan Guaidó can access Venezuelan gold reserves in the UK.

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The robot chefs that can cook your Christmas dinner

If you fancy not having to do the cooking on 25 December then a robotic chef might be the solution.

from BBC News - Business https://ift.tt/3e7sFzS

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Viya: Top Chinese live-streamer fined $210m for tax evasion

Internet celebrity Huang Wei, known as Viya, is accused of hiding her personal income from officials.

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Elon Musk says he'll be paying $11bn in tax this year

The Tesla founder and world's richest person has been involved in a public spat over his tax bill.

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Fake Covid passes advertised for sale online

The BBC has found Facebook posts claiming to sell Covid vaccine passes for people who haven't been jabbed.

from BBC News - Business https://ift.tt/30MHRiI

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Davos business leaders' event postponed over Omicron

The World Economic Forum has been rescheduled for "early summer" due to the spread of Covid.

from BBC News - Business https://ift.tt/30M4dko

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Hobnobs maker warns biscuit prices set to soar

McVities, which also makes Jaffa Cakes and Penguins, is facing higher ingredient and labour costs.

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

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Covid: Pubs and restaurants call for urgent help

Hospitality firms say action is needed "in the next 24 hours" as they struggle with the Omicron impact.

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

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Evergrande: China's efforts to contain its Lehman moment

China is handling the crisis very differently to the way the US dealt with the Lehman collapse.

from BBC News - Business https://ift.tt/3yH8H8e

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Liz Truss replaces Lord Frost in post-Brexit talks

The foreign secretary will become the UK's lead negotiator with the EU over the Northern Ireland Protocol.

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Will Omicron stall the airline sector recovery in 2022?

The rise of a new variant risks delaying a long hoped for bounce back for global aviation.

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Covid: Business alarmed at prospect of further restrictions

The health secretary refused to rule out further restrictions for England, as Omicron continues to spread.

from BBC News - Business https://ift.tt/3e8DbXj

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BBC Bitcoin mining report used in crypto-scam

The BBC’s Silicon Valley correspondent investigates how his report was used to steal life savings.

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Lord Frost resigns as Brexit minister

He says he hopes Boris Johnson will not be tempted by "coercive measures" to tackle Covid.

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Tech trends 2022: Starships and missing chips

From giant rockets to new ways to heat your home, a look at the technology that will emerge in 2022.

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Money manager disappears with $313m from Chinese builder

China Fortune Land Development says it has lost contact with a British Virgin Islands wealth manager.

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US Congress passes import ban on Chinese Uyghur region

The bill overcame opposition from Coca-Cola, Nike and Apple and an initial lack of White House support.

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The price of a Turkish breakfast staple has risen 40%

How the government's unorthodox approach to the economy is making everyday goods unaffordable

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The apps ready to deal with our Christmas food leftovers

The amount of food that's still edible but ends up being binned soars over the holiday period.

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Brexit: UK signs free trade deal with Australia

Ministers say it will unlock £10.4bn of trade, but UK farmers have concerns about being undercut.

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Boeing: Families in legal action against US over air crash

Relatives of passengers killed in Ethiopian Airlines crash file legal action over Boeing deal.

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Ex-McDonald's boss to repay $105m over sexual relationships

The fast food chain claimed that Mr Easterbrook had lied about three sexual relationships with employees.

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Chancellor Rishi Sunak to return from US trip early over Covid concerns

Rishi Sunak faced accusations of "missing in action" as businesses called for help with crisis.

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Interest rates: What are they and why do they matter?

The Bank Rate is one of the main tools used to keep the economy growing steadily.

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Turkey cuts interest rates despite spiralling inflation

The move by the central bank comes despite big price rises and a slump in the country's currency.

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Covid: 'Three of us left' - Firms hit by sickness wave

Employers are feeling the impact of staff shortages as cases hit a new record.

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A380: last of the superjumbos handed to new owner

The final A380 to leave Airbus' production line has been handed to its new owner. What does the future hold for the plane?

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'If you eat here, you're dining with rats'

Some New Yorkers are cooling on the craze for street-side restaurant sheds, due to noise and vermin.

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Federal Reserve to withdraw stimulus more quickly

The US central bank will reduce its stimulus more rapidly, and expects to raise interest rates next year.

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Social care: Official advisers want immigration rules to be eased

The government's official migration advisers say the sector faces "severe" problems finding staff.

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Motoring groups criticise cut in electric car subsidies

The government has further reduced the amount of subsidy for buying electric cars, this time from £2,500 to £1,500.

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South Korean dairy giant apologises for controversial advert

The company also faced a backlash over the advert's similarity to "molka", or secret filming.

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Banks to share premises amid mass branch closures

Independent assessors will decide what services are needed in a local area when a branch is closed.

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Watchdog bans seven ads in crypto 'red alert'

Cryptocurrency ads by trading platforms, exchanges and a pizza chain broke rules, the ASA found.

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How vending machines are making life better for Kenyans

By thinking small vending machine firms are delivering more affordable products for Kenyan shoppers.

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Law student, 19, sues landlord and wins first case

Jack Simm sued his landlord after saying his accommodation was like a "building site".

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Stagecoach and National Express agree to merge

The move comes after talks between the bus and coach rivals were first revealed in September.

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Job vacancies hit another record high

The number of openings is now 434,500 higher than pre-pandemic levels - but growth is slowing.

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Food firms ask government to fix supply chain crisis

Food and farming businesses have called on the government to help with ongoing supply chain problems.

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Online Safety Bill: New offences and tighter rules

The next stage of the landmark Online Safety Bill recommends major changes and tougher regulation.

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How hologram tech may soon replace video calls

The coronavirus pandemic and travel bans have accelerated interest in holographic communication.

from BBC News - Business https://ift.tt/31LPuGK

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Amazon criticised over safety at tornado-hit warehouse

The firm said events happened quickly at the Illinois site and it was "deeply saddened" by the deaths.

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Post Office scandal: Government to foot bill for postmasters' compensation

The Department for Business said that the impact on postmasters' lives "cannot be overstated".

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Bank of England: UK resilient but Covid fears remain

The Bank of England's latest stability report says new variants could still have a big economic impact.

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TV: Sony investment in Bad Wolf brings ambitions of growth

Bad Wolf makes His Dark Materials and will co-produce Doctor Who from 2023.

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Covid: Work-from-home guidance reintroduced in England

People should now work from home if they can to help curb the spread of Omicron, the government says.

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And Just Like That: Peloton responds with parody ad after stocks tumble

The exercise equipment maker released an online parody after scene that sent its stocks tumbling.

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Indian PM Modi's Twitter hacked with bitcoin tweet

The Indian prime minister's account had a message stating that bitcoin would be distributed to citizens.

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How this country became Europe's cargo bike hub

In Germany, generous subsidies are leading to more sophisticated cargo bikes.

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Alibaba fires employee who accused boss of rape

The Chinese e-commerce firm has fired the woman, who went public with accusations in August.

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Royal Mail staff absences double levels of 2018

A source with close knowledge of the firm said there were widespread problems due to sickness and demand.

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Businesses call on the government for more help

Firms are calling on the government for more support after Plan B Covid restrictions take effect.

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LV= members reject Bain Capital takeover deal

Members have rejected the £530m deal and so the insurance firm remains as a mutual.

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US price rises hit highest level for 40 years

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

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Heathrow boss urges travel rules rethink ahead of Christmas

John Holland-Kaye said families should be able to reunite for the festive period.

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Wind-powered net zero McDonald's opens in Market Drayton

The restaurant powered by wind turbines and solar panels will act as a blueprint for future stores.

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Starbucks to get its first unionised US store since 1980s

Staff at one branch vote to unionise, the first in the coffee chain's own stores since the 1980s.

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UK warns US of retaliation over steel tariffs

After "very frank" talks in Washington, the UK's international trade secretary says action may be taken soon.

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'I borrowed £50 and we ended up homeless'

People could fall into serious debt if they use loan sharks this Christmas, charities warn.

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HS2 agrees £2bn deal to build UK's fastest trains

Hitachi and Alstom will build more than fifty 225mph trains for the high speed network.

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Evergrande: China property giant misses debt deadline

Chinese property giant declared in default by a credit rating firm after missing a crucial interest payment.

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

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Covid: Manchester Airport Group calls for review of travel rules

The owner of Manchester, London Stansted and East Midlands airports is calling for urgent action.

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Parcel firms told to improve how they handle complaints

When things go wrong customers often have problems resolving complaints, the regulator says.

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

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Covid vaccine passports 'devastating' for nightclubs

An industry body says nightclubs and bars should not be "thrown under the bus" by the government.

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New home working order another blow for small firms

New guidance to work from home is greeted with dismay by firms that thrive when workers are in offices.

from BBC News - Business https://ift.tt/31FQxaD

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Boss says sorry for 'blundered' Zoom firing of 900 staff

Vishal Garg says he "is deeply sorry" for sacking 900 staff in an online meeting.

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Tesco depot staff suspend pre-Christmas pay strikes

Up to 1,200 workers across four sites have halted walkouts over pay, the Unite union says.

from BBC News - Business https://ift.tt/304Llg0

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Jailed banker 'shocked' and 'disappointed' at appeal decision

Jailed banker Tom Hayes has been refused the chance to take his case back to the courts.

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Call centre staff being stalked and abused, says bank boss

First Direct is one of 50 firms warning of a rise in abuse by customer in the run-up to Christmas.

from BBC News - Business https://ift.tt/3lL7Ezc

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Amazon services down for thousands of users

Customers of the e-commerce giant report problems with shopping services, Prime Video and Alexa.

from BBC News - Business https://ift.tt/3y324gd

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Quarantine hotels: Returning Brits struggle to book

Some UK residents coming back from South Africa are still struggling to find quarantine hotel rooms.

from BBC News - Business https://ift.tt/3EAe7UH

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Christmas dinner costs rise as inflation bites

Turkeys, sprouts and Christmas puddings are more expensive this year, research suggests.

from BBC News - Business https://ift.tt/3Gl8cTX

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Super-rich increase their share of world's income

A major report on wealth and inequality says 2020 saw the steepest rise in billionaires' wealth on record.

from BBC News - Business https://ift.tt/3ovL6nL

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Instagram announces changes ahead of political grilling

Platform boss unveils new safety features a day before being quizzed by the US Senate.

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House price growth at 15-year high, says Halifax

However, the pace is unlikely to be maintained as household budgets are squeezed, the lender says.

from BBC News - Business https://ift.tt/3pz8C2n

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Rohingya sue Facebook for £150bn over Myanmar hate speech

The social media giant is accused of fuelling violence against the persecuted minority in Myanmar.

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

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Covid testing: New PCR rules throw plans into disarray

New PCR testing rules come into force on Tuesday for travellers arriving in the UK.

from BBC News - Business https://ift.tt/32TNdJx

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Wall Street watchdogs probe Trump media firm deal

At the weekend the Trump Media and Technology Group said it had secured $1bn of investment.

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

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Hong Kong Covid: The Cathay pilots stuck in 'perpetual quarantine'

One Cathay Pacific pilot said he had spent almost 150 days in quarantine this year alone.

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Byju's and the other side of an edtech giant's dizzying rise

Indian firm Byju's faces allegations of pursuing hyper growth using high pressure sales tactics.

from BBC News - Business https://ift.tt/3doNJ4j

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The tech helping shops - and Santa - deliver this Christmas

A number of tech solutions are out there to help retailers optimise sending out our presents.

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

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Tesco: Pre-Christmas strikes planned by 6,500 depot staff

Trade union Usdaw said 5,000 members at nine warehouses across the country will take industrial action.

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US boss fires 900 employees over Zoom

"Last time I did this I cried," said the head of the online mortgage lender laying off 15% of his staff.

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

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Spar cyber attack hits more than 300 convenience stores

The attack targeted a company in Lancashire which operates Spar's tills and IT systems.

from BBC News - Business https://ift.tt/3GnBW2N

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Uber likely to start charging VAT on rides after UK ruling

In a move that will affect the whole taxi industry, a judge has ruled Uber must make contracts with its customers.

from BBC News - Business https://ift.tt/3lEWFH8

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Warnings Covid travel test prices are misleading

The government's website to find travel tests "is not serving its purpose", an industry trade group says.

from BBC News - Business https://ift.tt/31wpfDA

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New York's workers must all have vaccine by 27 December

The city's mayor is introducing a vaccine mandate for all private sector employees from 27 December.

from BBC News - Business https://ift.tt/3y795Ni

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Covid: Sainsbury's asks staff to delay Christmas parties

The supermarket will reimburse workers for postponed parties amid emergence of the Omicron variant.

from BBC News - Business https://ift.tt/3GjR9BW

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Evergrande shares slump on renewed default fears

Shares in the Chinese property giant sink 20% as worries about company's future return.

from BBC News - Business https://ift.tt/3pxbL2Q

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Dalio: Comments on China's human rights misunderstood

Last month, JP Morgan's Jamie Dimon apologised for comments he made about the Chinese Communist Party.

from BBC News - Business https://ift.tt/31nh0dr

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Large gender pay gaps persist over the last 25 years

Once increases in women’s education are accounted for, the gender pay gap change is only 3% since 1995.

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

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HGV driver shortage: Signs pressures are easing, trade group says

Fewer drivers are leaving the profession, Logistics UK says, but more action is needed to attract recruits.

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Tesco: Distribution centre workers plan pre-Christmas strikes

Up to 1,200 workers across four sites will stage walkouts over pay, according to the Unite union.

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Parag Agrawal: Why Indian-born CEOs dominate Silicon Valley

Parag Agrawal, Twitter's new CEO, is the latest of several Indian-Americans leading global tech firms.

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Trump social media firm raises $1bn from investors

The former US president is working to launch a social media app called Truth Social early next year.

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Covid travel test changes a 'hammer blow' to industry

The return of pre-departure tests for travellers to the UK will come into force on 04:00 GMT Tuesday.

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Coronavirus: UK tightens travel rules amid Omicron spread

Travellers to the UK will have to have a negative Covid test before departure, the government says.

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Fraud: 'I had £18,000 stolen after my drink was spiked'

Fraudsters appear to be adopting the "sinister" tactic of spiking drinks to steal money, campaigners warn.

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MH370: Could missing Malaysian Airlines plane finally be found?

A British engineer believes he may help solve one of the world's greatest aviation mysteries.

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December rate rise hangs in balance amid Omicron

A Bank of England policymaker says he wants more data on new virus variant before rates decision.

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US jobs growth falls far short of expectations

Employers took on 210,000 new workers in November, less than half the number that had been expected.

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Cambo: Jobs warning as Shell pulls out of oil field development

Climate change campaigners welcome the move but business leaders voice fears for the future of thousands of jobs.

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Selfridges set for £4bn sale to Thai retail giant

The billionaire Weston family are close to selling the famous luxury stores chain to Central Group.

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Shell pulls out of Cambo oil field development

The oil giant said the economic case for investment in the controversial project was "not strong enough".

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Why Turkey's currency crash does not worry Erdogan

Turkey's national currency has plummeted 45% against the dollar this year

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US creditors can now DM debtors on social media

The new rule lets debt collectors text and direct message millions of Americans who default on loans.

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China app giant Didi plans US stock market exit in move to Hong Kong

The move comes after the company came under intense scrutiny from regulators in the US and China.

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Retailers make 'shocking' petrol profit says RAC

Fuel retailers are charging unnecessarily high prices for petrol according to the RAC motoring organisation.

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Covid loan anti-fraud checks inadequate, says watchdog

The government acted too slowly to stop fraudsters exploiting its Bounce Back Loan scheme, a report says.

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Would you give 10% of your salary to charity?

A growing number of people are deciding to give up a substantial chunk of their wages.

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Virgin Media outage hits UK TV viewers

The firm apologises after some customers are left with no access to TV services for more than 10 hours.

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Elle to stop promoting the use of animal fur in its magazines

It is the first major fashion publication to make the pledge, citing its support for animal rights.

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Countries reach landmark deal to cut trade costs

Members of the World Trade Organization agree to cut red tape to boost trade in services.

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Ride hailing app Grab makes $40bn market debut

Shares start trading in ride-hailing firm Grab which has used a shell company for its flotation.

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Banks fined over collusion in currency trading

Barclays, RBS and HSBC are among firms penalised by the European Commission after an investigation.

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UK plays down Brexit link in US steel tariff row

Reports suggesting a US decision to maintain tariffs on UK steel is linked to Brexit

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Covid: Omicron fears cause wave of hotel cancellations

Best Western is one hotel group that has seen many customers scrapping Christmas bookings.

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Covid: Anglo American to introduce mandatory vaccinations

Anglo American, which employs 95,000 worldwide, is consulting on compulsory Covid jabs for all workers.

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Disney elects woman as chairman for first time in 98-year history

Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger at the end of the year.

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Firms opt for smaller Christmas parties over Omicron fears

Companies are deciding against holding a big bash in favour of allowing small, optional gatherings.

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Rising energy bills: 'My teenager disappears under coats at night'

A charity estimates that domestic gas bills in April will be double those of 18 months earlier.

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Cryptocurrency executives to be questioned in Congress

Washington is joining other governments in scrutinising the rapidly expanding sector more closely.

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EU launches €300bn bid to challenge Chinese influence

The Global Gateway infrastructure plan is described as a true alternative to Chinese influence.

from BBC News - Business https://ift.tt/3oa4YMW

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Duolingo boss: 'Develop your social skills'

Luis von Ahn, co-founder and CEO of language-learning app Duolingo, shares his business advice.

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Biden says economy 'in strong shape' ahead of holidays

The president says he is optimistic supply chains can cope with any disruption from Omicron.

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Match settles legal fight with Tinder founders for $441m

Dating app Tinder's founders claimed in court that Match had undervalued the firm by $10bn in 2017.

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New travel rules mean 'I can't afford to fly home'

UK residents in South Africa, which has been added to the travel red list, say new requirements are too costly.

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Coronavirus: Heathrow Airport opens dedicated red list country terminal

The measure will keep passengers arriving from red list destinations away from other travellers.

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Tel Aviv named as world's most expensive city to live in

Soaring inflation and supply-chain problems have pushed up prices in the 173 cities surveyed.

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Zog Energy becomes latest firm to collapse in gas price crisis

Zog Energy, which has about 11,700 domestic energy customers, ceased trading on Wednesday.

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Clarks shelves pay cut plans to end warehouse strike

Shoe retailer ends eight-week dispute after talks at mediation service Acas

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Nationwide: UK house prices surge 10% in November

The average price of a UK house was £252,687 in November, according to the Nationwide Building Society.

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Elon Musk jokes about whistleblowers with new Tesla product

In recent months, Tesla has faced lawsuits over alleged sexual harassment and racist abuse.

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UK inflation: Rising costs could push family spend up £1,700 a year

Monthly spend over Christmas expected to increase by £109, according to projections for BBC Panorama.

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'My late mother's belongings were stuck in customs'

Consumer group Which? says people sending Christmas parcels to the EU need to be aware of the rules.

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Shops step in to supply cash as ATMs close

A scheme allowing shoppers to get cashback at the till will see rapid expansion in the next few weeks.

from BBC News - Business https://ift.tt/3I8G0p1

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Covid: 'We could miss our son's wedding over travel rules'

Visitors to the UK say new rules to slow the spread of Omicron have thrown travel plans into doubt.

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Some supermarkets will not enforce mask wearing

Most supermarkets are taking a light touch when it comes to new face mask rules.

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Omicron raises uncertainty around inflation, says Powell

The term "transitory" should be "retired" as a way of describing high inflation, Jerome Powell tells Congress.

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Labour shortage: Is Santa Claus coming to town this year?

With fewer Santas donning their suits and more demand for holiday cheer, Santa will be in short supply.

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TSB to close another 70 branches by July

The bank had 475 branches just over a year ago, but a fresh round of closures will leave it with 220.

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Global markets fall after Moderna Omicron warning

Stock markets slide after Moderna boss casts doubt on vaccine effectiveness against new variant.

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Zara founder’s daughter becomes retail group's chairwoman

Marta Ortega will replace Pablo Isla as chairwoman of Zara’s parent firm Inditex.

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EasyJet says Omicron has weakened bookings

But the airline's boss says it is early days and that summer bookings are close to pre-pandemic levels.

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MPs back setting new-build house ground rent at one peppercorn a year

People with leases on new-build houses say freeholders are charging them exorbitant amounts.

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Westpac: Australia bank pays out over charging dead people

Australia's second largest bank has agreed to pay $81m in penalties and compensate customers.

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Amazon: Union election to be rerun after claims of foul play

Amazon workers in the US state will get a second chance to unionise in a major blow to the online giant.

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Jack Dorsey: What's next for Twitter's co-founder?

The last time the tech visionary left Twitter, he set up another company now worth $100bn.

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Why broken African phones are shipped to Europe

A lack of recycling facilities in Africa has spurred one Dutch company to import broken phones.

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Covid: 'We’ve had 20 cancellations in one weekend'

As worries emerge over a new Covid variant, hospitality fears it could thwart the busiest time of year.

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Mandatory masks: 'We worry people won't shop with us'

Shopkeepers are concerned about enforcing mask-wearing and terrified they will have to close again.

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Facial recognition firm faces possible £17m privacy fine

Clearview AI allegedly breached privacy rules and must now delete relevant photos from its records.

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Asda charters cargo ship to prevent Christmas shortages

Supermarket says the move ensures it will not run out of decorations, gifts and toys.

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Twitter founder Jack Dorsey expected to step down as chief executive - reports

The founder and chief executive will step down from leading the company, media reports say.

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Covid: Omicron variant causes passengers to scramble for flights

One traveller told the BBC he had found an alternative flight home, but he faces extra costs of £4,000.

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Omicron: What Covid refund rights are there for holidays abroad?

What rights do you have if your holidays plans or rules change, as a new Covid variant affects travel?

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Nissan boss warns no end in sight to global chip shortage

The Omicron variant could exacerbate the shortage of chips used in cars, Makoto Uchida tells the BBC.

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Upcoming Moon missions spur the search for new spacesuits

Nasa has asked the private sector to design new spacesuits that can be used on the Moon.

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Macau casino shares fall after 'illegal gambling' arrests

A prominent gambling industry figure in Macau is believed to be among those arrested.

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More than 17 million have used buy now, pay later services

Interest in buy now pay later options is surging, with growth fastest among users in their 40s and 50s.

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More work needed to create green jobs, report says

Efforts to create "green jobs" need to intensify if the government is to meet its target, a report says.

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Covid: Shoppers asked to respect new mandatory mask rules

The British Retail Consortium says people should show consideration to store workers and other shoppers.

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Covid: BA suspends Hong Kong flights amid crew quarantine

The airline has temporarily stopped flights after more of its staff were forced to isolate.

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737 Max: Boeing refutes new safety concerns

Critics claim publicly available data shows worrying failures on the 737 Max since its return to service.

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Browns of Chester: How a city is coping without Debenhams

Browns of Chester served the city for 241 years before it closed when the chain collapsed in May.

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UK car output suffers worst October for 65 years

Chip shortages lead to production dropping to the lowest level recorded for October since 1956.

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Poorest face food crisis amid fertiliser shortage

The boss of the world's largest fertiliser producer says gas prices are responsible for higher food prices.

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Covid: Airlines' share prices plunge on new variant

BA-owner IAG and EasyJet see their shares fall ahead of a suspension of flights from six countries.

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Chinese tech giant Tencent told to suspend new app roll outs

It comes as China's technology industry regulator reviews compliance with new privacy rules.

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Black Friday spending set to soar despite fewer deals

Analysts say this year's sale will be the biggest ever, but struggling retailers won't offer as many discounts.

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Ghosn affair: The forgotten man in the Nissan scandal

Wife of a former Nissan boss on trial in Japan says he is a forgotten victim of the Carlos Ghosn affair.

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Watchdog questions effectiveness of Kickstart job placement scheme

It is unclear whether the placement scheme for 16-24 year olds is working, says National Audit Office.

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'I don't need a new TV, but I'll probably get one'

Black Friday is back and Americans, flush with Covid cash, are going out to spend.

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Black Friday: 'Harder to give big, headline discounts'

Steve Finch of toy retailer bopster, explains the pressures his firm is under for Black Friday this year.

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Covid: Africa travel restrictions over variant fear

Several southern African countries have been added to the red list, Health Secretary Sajid Javid says.

from BBC News - Business https://ift.tt/3FOwi9G

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Amazon workers plan Black Friday strikes

Strikes or protests are planned in 20 countries, on one of the busiest days of the year for retail.

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

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Orbit Energy becomes the latest UK firm to go bust

The UK energy market has seen 23 companies collapse since September after wholesale gas prices rose.

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

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Passports: Delivery firm apologises for UK delays

TNT-owner FedEx is sorry as hundreds say they have faced long waits to receive travel documents.

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London Stratford emerges as UK's busiest station

It was the most used during a year of lockdowns that saw passenger numbers drop 78% due to Covid.

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Christmas parties set to be smaller this year, says pub boss

Parties are also likely to be in venues outside city centres, says the owner of Harvester and All Bar One.

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Inflation: South Korea raises rates to tackle price rises

It is the latest such move as soaring prices threaten to destabilise the post-pandemic recovery.

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US blacklists a dozen more Chinese tech firms citing national security

The move comes as tensions grow between the US and China over the status of Taiwan and trade issues.

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UK government sets aside £1.7bn to support Bulb customers

The energy firm, with 1.7 million customers, has been put into a special form of administration.

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JPMorgan: Boss 'regrets' saying bank will outlast Chinese Communist Party

Jamie Dimon has apologised after saying that his Wall Street bank would outlast China's ruling party.

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Indian government set to ban cryptocurrencies

The latest draft of a government bill to be submitted in India aims to ban most cryptocurrencies.

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LV= leaders criticised over openness in Bain Capital deal

MPs hear members should have been told more about the proposed £530m takeover by the US private equity firm.

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Warning of less food choice this Christmas

Supply chain issues could mean consumers will have less food choice this Christmas suppliers tell MPs.

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Lidl to ramp up UK store openings with 1,100 stores by 2025

The discount supermarket chain expects its expansion to create an extra 4,000 jobs.

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Samsung chooses Texas as site of new $17bn chip plant

The announcement comes as the US government has been calling on firms to tackle supply chain issues.

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Universal credit boost for workers takes effect

Workers will get 8p more of any extra £1 earned but some say claimants will be no better off.

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Parcel firms 'failing to deliver on performance'

Hermes at bottom of a Citizens Advice league table, but most major firms had satisfaction problems.

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Covid debt cycle linked to mental health issues, says charity

People being treated for mental health difficulties must be directed to financial support, campaigners say.

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Covid and Brexit shrink Christmas markets

The UK's annual European Christmas markets will have fewer stalls and traders due to Brexit and the pandemic

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

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Can South Africa embrace renewable energy from the sun?

South Africa's main electricity company Eskom plans to switch from using coal to renewable energy.

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Apple sues Israeli spyware firm NSO Group

Apple is the latest in a string of firms and governments to go after the hacking tool firm.

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Walgreens, CVS, and Walmart fuelled opioid crisis, Ohio jury finds

A federal court has found Walgreens, CVS and Walmart helped create an oversupply of addictive painkillers.

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Italy fines Apple and Amazon over Beats headphones

Italy's competition authority fines the tech giants €200m over an exclusivity agreement.

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Crypto US constitution bidder refunds hit by high fees

Investors in an ill-fated scheme to buy the rare US document are being offered refunds with a catch.

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Turkish lira nose-dives 15% as president defies critics

The currency touched record lows as Tayyip Erdogan defended a controversial plan to cut interest rates.

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

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US to release oil reserves in attempt to lower prices

The move is being taken together with other major energy consuming nations, including China and the UK.

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

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Energy firm failures will mean higher bills, says Scottish Power

Scottish Power says households will pay more for gas and electricity due to companies going bust.

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

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40-year mortgage deals pose questions for homeowners

The launch of long-term fixed-rate deals may test borrowers' appetite for certainty over cost.

from BBC News - Business https://ift.tt/3oW2fG2

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AO World warns of product shortages this Christmas

The online electricals retailer says lorry driver shortages and increased costs will hit profits.

from BBC News - Business https://ift.tt/3FJ0seu

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Uber makes its first step into the cannabis market

Customers will be able to place orders on the app then pick them up at nearby stores within an hour.

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

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Atom Bank introduces four-day work week without cutting in pay

Atom Bank has cut its staff's hours by 10% without reducing their pay in a bid to improve wellbeing.

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

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Lush to stop its social media until it's 'safer'

The firm says it will close accounts "in an effort to address consumers’ mental health challenges".

from BBC News - Business https://ift.tt/3r1V8yo

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Black Friday: Prices 'same or less before in 2020 sale'

Consumer champion Which? says most products were priced cheaper or the same before last year's event.

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

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The 99-year-old cyclist who has won a world silver medal

How a former World War Two pilot came second in a cycling competition for older people.

from BBC News - Business https://ift.tt/3kWCLY0

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Jerome Powell picked to stay as US Federal Reserve chair

President Biden opts for continuity by nominating Jerome Powell to remain the head of the US central bank.

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

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Energy firm Bulb set to go into administration

The energy firm, with 1.7 million customers, is the largest gas and electricity company to face difficulties.

from BBC News - Business https://ift.tt/3DIaU5h

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Holidaymakers urged to use £132m in travel vouchers

Regulator says travellers must spend credit notes issued during the pandemic or risk losing them.

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

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Insurer LV= appeals to members over £530m bid

The firm is trying to persuade 1.2 million customers to back a controversial bid from US private equity.

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

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Police charge Amazon India executives in drug smuggling case

It comes after two men allegedly used the company's website as part of a drug smuggling operation.

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

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New homes in England to have electric car chargers by law

Charging points will also be required in new supermarkets and workplaces in England under government plans.

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

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Net-zero heralds a new industrial revolution, says CBI boss

The industry group's boss will also argue that emerging sectors such as biotech offer "a shot at redemption".

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

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The small nuclear power plants billed as an energy fix

A host of firms are developing mini nuclear reactors but questions remain over safety and costs.

from BBC News - Business https://ift.tt/3x04vzE

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El Salvador Bitcoin city planned at base of Conchagua volcano

Funded by the cryptocurrency, it will use the volcano's energy to power mining, the president says.

from BBC News - Business https://ift.tt/3HHx3D6

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Northern Ireland to Scotland bridge plans scrapped

Building a fixed link would be too expensive, a feasibility study is expected to conclude.

from BBC News - Business https://ift.tt/3x9wbCm

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Šefčovič: EU accuses Lord Frost of 'political posturing'

The European Commission VP, Maroš Šefčovič, says the UK should not "bring more problems to the table".

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Black Friday: Tech retailers fear supply chain delays will hit stock

Supply chain delays mean some firms may not be able to meet demand during the busy shopping period.

from BBC News - Business https://ift.tt/3lgG0Kb

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Greensill: State bank risked £335m to back lender, say MPs

A government-backed bank did not scrutinise Greensill Capital properly, MPs say.

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How pandemic burnout sparked a revival of a granny hobby

Covid pushed many of us to ditch screen time for hobbies - knitting was among the most popular.

from BBC News - Business https://ift.tt/30DWIeQ

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Liberty sites sold to Coventry automotive supplier Evtec

About 175 jobs are saved across two aluminium factories in the West Midlands.

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

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Tesla worker files suit over 'nightmarish' harassment

The employee says she was subject to 'nightmarish' conditions, including vulgar comments and touching.

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

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Facebook gives users 'more control' over news feed

Facebook says it is testing controls to let users see more content from friends and less from groups.

from BBC News - Business https://ift.tt/3CrS3tK

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Workers offered unlimited holiday to stop burnout

Stockbroking firm FinnCap says staff must take at least four weeks off from next year.

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

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HS2: Grant Shapps balks at betrayal claims over scrapped rail plan

The transport secretary says the "vast majority" of train journeys will be faster amid backlash.

from BBC News - Business https://ift.tt/3Fwu8v3

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HS2: Has the government broken its promises over high-speed rail?

Reality Check examines some of the claims surrounding the scaling back of HS2.

from BBC News - Business https://ift.tt/3csS5XA

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Early Christmas shopping lifts October retail sales

Consumers spent more on clothes and toys last month, boosting retail sales by 0.8%

from BBC News - Business https://ift.tt/3x3AE9z

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India PM Narendra Modi repeals controversial farm laws

PM Narendra Modi announced the decision after more than a year of protests by farmers.

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

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Alibaba: Shares dive after China spending slowdown warning

The tech giant forecast its annual revenue would grow at the slowest pace since its 2014 market debut.

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

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DR Congo data leak: Millions transferred to Joseph Kabila allies

Family and friends of former DR Congo President Joseph Kabila are named by Africa's biggest data leak.

from BBC News - Business https://ift.tt/3oHqh7D

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Facebook tells LA police to stop spying on users with fake accounts

Meta said using third party firms to collect data on Facebook users for surveillance was prohibited.

from BBC News - Business https://ift.tt/3oB7quY

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The new way to buy a car without ever leaving your sofa

Covid changed our shopping habits but will it shift how we make one of our biggest purchases?

from BBC News - Business https://ift.tt/30FrPa0

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The mums using Instagram to offer advice to new parents

Covid has led to an increase in parenting gurus using social media to support new mums and dads.

from BBC News - Business https://ift.tt/3kNCN4f

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US chain CVS closing 900 drugstores to focus on health services

The chain will lose nearly a tenth of its outlets and focus on providing more healthcare services.

from BBC News - Business https://ift.tt/30Iu0dc

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Cladding crisis: 'Some days I can't leave the house'

Research finds the cladding crisis is having a 'catastrophic mental health impact' on some leaseholders.

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

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Fraud: Better chance of compensation for victims

A "lottery" on whether blameless scam victims are reimbursed is set to be strengthened by a law change.

from BBC News - Business https://ift.tt/3oDb0op

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HS2 cut confirmed amid promise to transform rail

A key leg of the high speed rail line is axed but government says upgrade will improve services.

from BBC News - Business https://ift.tt/3wX0lIO

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Post Office scandal: 'It’s been a strange 15 years'

Six more former subpostmasters have their convictions overturned in the Horizon IT scandal.

from BBC News - Business https://ift.tt/3wWl9Ap

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Engineering 'must change' to include everyone

A new engineering building is designed for students with autism to study in ways that suit them.

from BBC News - Business https://ift.tt/30zdnjE

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Paytm: Shares plunge in India's biggest ever market debut

Paytm, which counts Chinese giant Ant among its backers, raised $2.5bn in its IPO.

from BBC News - Business https://ift.tt/3qM02iW

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Evergrande: Chinese developer sells streaming firm stake for $273m

The debt-laden company said it would lose more than $1bn from selling the 18% stake in HengTen.

from BBC News - Business https://ift.tt/3CsSyU8

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Stop asking about salary history, employers urged

A campaign group says inquiries about previous pay when recruiting increases the gender pay gap.

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

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CEO Secrets: Don't rely on one supplier, have a back-up

Always have a back-up supplier so they can take over if needed, says offcuts boss Nish Parekh.

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

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Apple announces self-service repair scheme in win for campaigners

Users with the know-how will be able to order and replace iPhone screens and parts.

from BBC News - Business https://ift.tt/3FsN91h

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Rail to get £96bn injection to 'transform service'

Boris Johnson is to unveil "the biggest public rail investment" amid concern over possible HS2 cuts.

from BBC News - Business https://ift.tt/3kLtTo7

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Minister says she can't find minutes of Covid meeting with Randox

Labour accuses Gillian Keegan of a "ridiculous" attempt to avoid transparency over Covid contracts.

from BBC News - Business https://ift.tt/3oIPzT4

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Tesla: JP Morgan sues for $162m after Musk tweets

Bank accuses Tesla of "flagrantly" breaching a deal after tweets in 2018 sparked share volatility.

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

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Amazon to stop accepting Visa credit cards in UK

The online giant says high Visa fees mean it won't process credit card transactions from 19 January.

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

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Inflation: UK prices soar at fastest rate for almost ten years

Inflation surges to 4.2% on rising fuel and energy costs, paving the way for an interest rate rise.

from BBC News - Business https://ift.tt/3FEtD2j

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Lidl to become UK's highest-paying supermarket

The retailer says it will increase its minimum pay level to £10.10 an hour from March next year.

from BBC News - Business https://ift.tt/3Cl8zLX

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Supply chain crisis: Japan's export growth slows as car production slides

Shipments of cars fell sharply as the global computer chip shortage has impacted the motor industry.

from BBC News - Business https://ift.tt/3ozM7Kc

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Panini: The sticker firm celebrating 60 years

How the football sticker maker survived a thieving tycoon and competition from Lycra-clad wrestlers.

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

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Clarks agrees to mediation in fire-and-rehire strike

Talks begin today at conciliation service Acas as shoe warehouse dispute enters seventh week

from BBC News - Business https://ift.tt/3Hu7XHK

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How smart tech is supporting smallholders in South Africa

Small farms in Africa struggle to compete with commercial agriculture - can new platforms help?

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

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UK announces plan to boost overseas trade

The aim is to boost exports to £1 trillion a year by the end of the decade, says the government.

from BBC News - Business https://ift.tt/3DrdM6h

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Arm-Nvidia deal: UK orders further inquiry

The UK's competition watchdog is told to investigate the proposed takeover further.

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

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Two energy suppliers stop trading as gas price soars

Neon Reef and Social Energy Supply have become the latest domestic suppliers to cease trading.

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

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Amazon to pay $500,000 over concealed Covid cases

The delivery giant left its workers "terrified and powerless", says California's attorney general.

from BBC News - Business https://ift.tt/3279rHM

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Row over sale of insurer LV= escalates

The insurer's bosses say rival Royal London is trying to destabilise a sale to private equity firm Bain.

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

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Nord Stream 2: Germany halts approval of Russian gas link

Gas prices surge to three-week highs in response to the latest delay to Nord Stream 2.

from BBC News - Business https://ift.tt/3288Zcj

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Jobs recovery continues despite end of furlough

The number of workers on payrolls rose in October despite the end of the job support scheme.

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

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Coronavirus: Cathay Pacific imposes tough new rules on aircrew

The airline will require crew to "avoid unnecessary social contact" for three weeks after layovers.

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

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Google: US technology giant to invest $740m in Australia

The firm says it will create 6,000 jobs as it builds a research hub and expands its cloud capacity.

from BBC News - Business https://ift.tt/3oygl0b

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Philippines central bank boss says inflation biggest challenge of 2022

Benjamin Diokno says price rises will be a bigger threat to economies next year than Covid-19.

from BBC News - Business https://ift.tt/3cdM40L

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Zoopla: Rents rising at fastest pace in 13 years, says report

Rents are rising at the fastest pace since 2008 as strong demand outstrips supply, says one online platform.

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

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Kickstart youth jobless plan helps 100,000

More than 100,000 young people have started new jobs under the £2bn government scheme, figures show.

from BBC News - Business https://ift.tt/30xZTVM

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Five items that tell the story of price rises

How garden fences and savoury snacks can help us understand why the cost of living is accelerating.

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

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The robots behind the bar that want to pull your next pint

A growing number of tech firms have developed robots the say could replace bar staff.

from BBC News - Business https://ift.tt/30m7NkL

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Biden signs 'once-in-a-generation' $1tn infrastructure bill into law

The 'once-in-a-generation' law nearly failed to pass Congress this month amid Democratic infighting.

from BBC News - Business https://ift.tt/3ovBok2

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Apple digital ID scheme comes with conditions and costs

Apple's digital driver's licence scheme has strict stipulations and may costs taxpayers.

from BBC News - Business https://ift.tt/3ne0C74

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Xbox 20th anniversary: 'Will we have TVs in 20 years time?'

Xbox boss Phil Spencer talks to BBC podcast Press X to Continue on the console's 20th anniversary.

from BBC News - Business https://ift.tt/30v5Anl

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HS2 rail extension to Leeds set to be scrapped

Plans to extend the eastern leg of the high speed network will be ditched in favour of new shorter links.

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

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Shell plans to move headquarters to the UK

The oil giant will shift its tax residence from the Netherlands to the UK and its boss will relocate.

from BBC News - Business https://ift.tt/30nPEmq

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China property: New home prices see biggest fall since 2015

China's property sector has been rocked over fears about the future of real estate giant Evergrande.

from BBC News - Business https://ift.tt/3or0Abu

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Trump Organization selling Washington hotel for $375m, reports say

The historic building will reportedly be renamed the Waldorf Astoria and managed by the Hilton group.

from BBC News - Business https://ift.tt/2YKtU3G

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Real Living Wage rises to £9.90 an hour

More than 300,000 people at firms accredited with the Living Wage Foundation will get the increase.

from BBC News - Business https://ift.tt/3qyXB3n

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No turkey shortage, says British Poultry Council

There will be turkeys for Christmas, the industry says, but producers warn there will be less variety.

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

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Charities facing a 'perfect storm' as demand rises

Research given to the BBC reveals hundreds of charities face rising demand for services this winter.

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

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Delta boss says climate change means flying will cost more

The world's second largest airline says climate change is the biggest challenge facing aviation.

from BBC News - Business https://ift.tt/3DinvM4

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'I can't get equity release on my eco-friendly home'

Andrew Bennett built an energy efficient home, but cannot borrow money against its value.

from BBC News - Business https://ift.tt/3ndyZv1

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Pandemic-hit airline industry to regroup at Dubai Airshow

The aerospace event will be the first of its kind since before Covid-19 hurt international travel.

from BBC News - Business https://ift.tt/3c6fUV2

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Shein suppliers' workers doing 75-hour week, finds probe

A new report suggests some of the fast fashion brand's suppliers may be violating labour laws in China.

from BBC News - Business https://ift.tt/3qxFE4Z

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No regrets! Pandemic purchases that made us happy

Not everyone has buyer's remorse over what they bought in lockdown. For some, it changed their lives.

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

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Strategies to close the pandemic gender gap at work

Covid has pushed many women out of the workforce what practical ideas will entice them back?

from BBC News - Business https://ift.tt/3oj8Rhs

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Portugal bans bosses texting staff after-hours

The move is part of sweeping labour laws to regulate the country's expansion of home-working.

from BBC News - Business https://ift.tt/30qsrR1

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AstraZeneca to take profits from Covid vaccine

The drugs giant signs new deals, but poorer countries will continue to get the vaccine at cost price.

from BBC News - Business https://ift.tt/3wHgx0Y

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Women warned home working may harm their careers

Bank of England economist Catherine Mann says mothers could be particularly vulnerable.

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

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Japanese giant Toshiba announces breakup plan

The conglomerate has come under increasing pressure from activist investors to reform.

from BBC News - Business https://ift.tt/3qBjz5T

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Singles Day: Alibaba's annual event sees slowest ever sales growth

The world's biggest online shopping event was muted this year amid a crackdown on technology firms.

from BBC News - Business https://ift.tt/3n8JbVj

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Prison officers 'voting with their feet' amid jobs surge

Driving instructors, prison officers and forklift truck drivers are among the jobs in high demand.

from BBC News - Business https://ift.tt/3qvqE7R

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Tulip tower: Government rejects plans for London skyscraper

The planning inspectorate turns down an appeal to build the tower in central London.

from BBC News - Business https://ift.tt/3n7lRay

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Would the world be better if it was run by teenagers?

One energy firm has appointed an advisory board of six young people to help guide the business.

from BBC News - Business https://ift.tt/3qstH0I

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Johnson Matthey abandons electric car battery plans

Johnson Matthey shares tumble as it says foreign rivals are too far ahead in the technological race.

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

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'We lost festive savings in family Whatsapp scam'

Trading standards officers warn that fraudsters are posing as family members to steal money.

from BBC News - Business https://ift.tt/3Hdd1jx

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Boss of insurer LV= defends sale amid backlash

Chief executive Mark Hartigan says a planned takeover by private equity will help preserve its brand.

from BBC News - Business https://ift.tt/3n73dQk

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UK economic growth slows in the third quarter

The economy grew by 1.3% compared to the previous three months when many Covid restrictions lifted.

from BBC News - Business https://ift.tt/3F59CRV

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Elon Musk: Tesla boss sells $1.1bn of shares in carmaker

It comes days after he asked his Twitter followers whether he should sell 10% of his stake.

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

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Firms step up graduate job pay amid fierce competition

New research suggests that the typical salary for a new graduate was £30,500 in 2021, up by £833.

from BBC News - Business https://ift.tt/3wzAtm8

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CEO Secrets: 'Wearing caps on video calls keeps us unified'

A CEO reveals a simple trick she used to keep her team feeling unified through Covid.

from BBC News - Business https://ift.tt/30c0vjR

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Boeing agrees deal with families of Ethiopia crash victims

The planemaker has accepted responsibility, in return families of the victims will not seek punitive damages.

from BBC News - Business https://ift.tt/3ojq8Hb

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Uber sued by Justice Department for overcharging disabled people

The Justice Department says Uber's 'wait time' fees discriminate against people with disabilities.

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

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Shares in electric truck maker Rivian leap 37% on opening

Amazon-backed Rivian has become the second-most valuable car company in the US.

from BBC News - Business https://ift.tt/3qq58RL

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COP 26: Four major carmakers fail to back zero emissions pledge

Four of the world's biggest car manufacturers decline to back COP 26 agreement on cutting emissions.

from BBC News - Business https://ift.tt/3C7Sd9o

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US prices rising at 6.2%, fastest rate for three decades

Prices rose 6.2% in the year to October, pushed up by higher costs for food and fuel.

from BBC News - Business https://ift.tt/3c3sbJG

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Supreme Court blocks mass iPhone claim against Google

The claim sought damages for millions of iPhone users who were tracked by Google.

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

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Walkers apologises for crisp shortages

The company says it is "doing everything we can" to speed up production and increase stock.

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

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Rwanda goes electric with locally made motorbikes

Rwanda's Ampersand wants motorbike taxi drivers to switch from petrol to electric.

from BBC News - Business https://ift.tt/3o9zsNY

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M&S warns of supply chain costs as profits surge

Shares in the High Street giant soar 20% on a sales rebound as recovery from Covid restrictions continues.

from BBC News - Business https://ift.tt/307w7qq

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Wetherspoons: Cocktail sales up but ales out, says pub chain

It said that younger customers were driving sales of cocktails, vodka and rum in the last 15 weeks.

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

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Peter Jackson sells visual effects firm for $1.6bn to Unity

New Zealand-based Weta Digital created the characters Gollum and Caesar in Planet of the Apes.

from BBC News - Business https://ift.tt/3H6LFf0

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Harry says he warned Twitter boss ahead of Capitol riot

The Duke of Sussex reveals his coup warning to Jack Dorsey came a day before the 6 January unrest.

from BBC News - Business https://ift.tt/3cd4Wxf

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Electric truck maker Rivian raised more than $10bn, say reports

Amazon-backed Rivian has sold shares at $78, above its target range according to US media reports.

from BBC News - Business https://ift.tt/3H4V3jh

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UK property still a sellers' market says Rightmove

Grays in Essex is highlighted by the property portal as the hottest spot for sellers.

from BBC News - Business https://ift.tt/3C2759t

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Clarks accused of using agency workers to cover strike

Union complains about hiring of agency workers in five-week strike at Somerset warehouse

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

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Shein: The secretive Chinese brand dressing Gen Z

Shein's popularity has shot up during the pandemic, targeting Gen Z shoppers with low-cost products.

from BBC News - Business https://ift.tt/3H3zXSt

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Should firms have to put carbon labels on all products?

A growing number of companies are indicating an item's carbon score, but should it become mandatory?

from BBC News - Business https://ift.tt/2Yv44k4

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Bank of England takes next steps in digital money plan

The Bank and the Treasury to launch consultation on a UK central bank digital currency.

from BBC News - Business https://ift.tt/31FVZKB

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How much nuclear power does the UK use and is it safe?

Nuclear power is being promoted as a source of 'clean' energy, but is it safe?

from BBC News - Business https://ift.tt/3C1iOVJ

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Food price rises highest since August 2020, says Kantar

Prices rose at annual rate of 2.1% last month, research suggests, as supply chain disruption continues.

from BBC News - Business https://ift.tt/3CZUCV5

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Thousands of UK phone boxes to be saved from closure

About 5,000 phone boxes around the UK will be kept open if they fulfil certain criteria, says Ofcom.

from BBC News - Business https://ift.tt/3H4Ohdj

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Primark admits to post-pandemic cost pressures

The fashion retailer's annual sales are down 12% on pre-Covid levels, latest results show.

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

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Evergrande: Crisis-hit developer raises more cash as new deadline looms

The firm faces another deadline this week to make overdue interest payments of $148m.

from BBC News - Business https://ift.tt/3qi9yKD

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Matt Moulding: The billionaire THG boss facing a reality check

Matt Moulding floated THG in a blaze of glory, but a year later the shine has dimmed for the entrepreneur.

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

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Workers who want flexible work roles missing out

Jobseekers now want flexible working from day one but employers are reluctant to make it an option.

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

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Climate change: Seven ways to spot businesses greenwashing

Firms often claim they are eco-friendly but how can you check they are as green as they make out?

from BBC News - Business https://ift.tt/3qyZ75F

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One smart idea to reduce wood waste in construction

A new system is being launched to allow builders to reuse wooden pallets multiple times.

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

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How will the US deal with a shortage of 80,000 truckers?

The chronic lack of lorry drivers in the US is adding to supply chain woes - and could get worse.

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

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Rolls-Royce backed to develop nuclear reactors

Private investors and the UK government back Rolls-Royce to develop small nuclear reactors.

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

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Tesla share price falls after Elon Musk's Twitter poll

The drop comes after Twitter users vote in favour of the carmaker's boss selling 10% of his stake.

from BBC News - Business https://ift.tt/3ETK5Lw

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Buyers show remorse over pandemic purchases

One in 10 regret spending hundreds of pounds on hot tubs, pizza ovens and other lockdown purchases.

from BBC News - Business https://ift.tt/3qib2EO

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THG shares climb as founder Matthew Moulding hints at going private

Matthew Moulding says he regrets floating his business in London, saying the process "sucked"

from BBC News - Business https://ift.tt/3kfVw8w

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JD Sports angry at secret filming of its boss

Peter Cowgill was filmed meeting his counterpart at Footasylum, the target of a blocked takeover bid.

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

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Brexit: UK -EU trade deal could collapse over NI row, says Coveney

The UK is laying foundations to suspend parts of the NI Protocol, says the Irish foreign minister.

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

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Sydney Airport agrees to $17.5bn buyout deal

The offer from a group of infrastructure investors is one of Australia's biggest ever takeover bids.

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

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Covid-19: US reopens border to UK travellers after almost two years

After nearly two years, the US lifts its travel ban to UK visitors who have had both Covid vaccine doses.

from BBC News - Business https://ift.tt/2YuocD6

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New York gears up for tourists' return as US lifts ban

As the travel ban is lifted hotels and restaurants face challenges in getting service back to normal.

from BBC News - Business https://ift.tt/3ooS6ld

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Small scale nuclear to get green light this week

Plans for a generation of new smaller nuclear reactors will become more concrete this week.

from BBC News - Business https://ift.tt/3EOiBa2

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New ways into the lucrative world of data science

How new software is aiding people from diverse backgrounds forge careers in the data science sector.

from BBC News - Business https://ift.tt/3q34M3w

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Elon Musk holds Twitter vote over $21bn Tesla share sale

The Tesla boss promises to honour the outcome of the poll, whichever way it goes.

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

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Stocks book records as Fed announces taper

Stocks book records as Fed announces taper



U.S. stock indexes climbed to record highs Wednesday as traders digested the news that the Federal Reserve will begin tapering its asset purchases later in November.

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Biden: Infrastructure bill is 'monumental step forward'

The long-delayed $1tn (£741bn) spending package is a major domestic win for the US president.

from BBC News - Business https://ift.tt/3mSt0vu

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US lawmakers approve $1tn in infrastructure spending

The long-delayed bipartisan legislation is a major plank of President Biden's domestic agenda.

from BBC News - Business https://ift.tt/31r8lWQ

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Chinese man convicted for stealing aviation trade secrets

US authorities say Xu Yanjun sought to steal trade secrets from US aviation companies.

from BBC News - Business https://ift.tt/301dbcY

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Scottish industrialist Lord Macfarlane dies aged 95

The peer became a leading Scottish industry figure, having started out in office stationery in 1949.

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

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COVID vaccine mandate lawsuits: 24 states challenge Biden administration's mandate for private businesses

COVID vaccine mandate lawsuits: 24 states challenge Biden administration's mandate for private businesses



At least 24 states have already taken action against President Biden's new COVID-19 vaccine mandate for private businesses with more than 100 employees.

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'Build Back Better'? Beware of the 'free' gifts of socialism, America: Fred Sievert

'Build Back Better'? Beware of the 'free' gifts of socialism, America: Fred Sievert



Build Back Better sounds good but most people don’t realize how devastating socialism can be to our collective financial security and to their personal financial security.

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Biden admin's COVID vaccine, testing 'action' will help get people back to work: US labor secretary

Biden admin's COVID vaccine, testing 'action' will help get people back to work: US labor secretary



Labor Secretary Marty Walsh argued on Friday that the “fear” of the coronavirus pandemic contributes to lackluster labor participation.

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Varney: Pelosi scrambling for votes symbolizes chaos in White House

Varney: Pelosi scrambling for votes symbolizes chaos in White House



FOX Business' Stuart Varney on the chaos that has come with Capitol Hill spending negotiations.

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Uber stock is ‘great play’: Market expert

Uber stock is ‘great play’: Market expert



Evercore ISI senior managing director Mark Mahaney weighs in on today’s markets and shares his investing tips.

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Supply chain crisis can't be fixed by 'just one thing,' ex-Walmart CEO says

Supply chain crisis can't be fixed by 'just one thing,' ex-Walmart CEO says



Former Walmart president and CEO Bill Simon says one policy move won't fix post-pandemic consumer demand and widespread labor shortages.

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Democrats' spending bill will cripple this $6B industry, experts warn

Democrats' spending bill will cripple this $6B industry, experts warn



The most recent version of Democrats' spending bill leaves tobacco taxes untouched, while imposing heavy taxes on e-cigarettes and vapes, as well as tobacco-free nicotine pouches and lozenges.

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Biden admin considering vaccine mandate for businesses with fewer than 100 employees

Biden admin considering vaccine mandate for businesses with fewer than 100 employees



OSHA says it is "seeking comment" on how a vaccine and COVID-19 testing mandate would affect businesses with fewer than 100 employees.

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Biden vaccine mandate creating ‘recipe for more than failure’ at border: Rep. Roger Williams

Biden vaccine mandate creating ‘recipe for more than failure’ at border: Rep. Roger Williams



Rep. Roger Williams says Biden's vaccine mandate will force more workers to leave their jobs, worsening an ongoing labor shortage.

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US sees sharp jobs growth and higher wages

Employers took on 531,000 extra workers in October in a sign the economy is picking up.

from BBC News - Business https://ift.tt/3056XZD

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Bitcoin Foundation chairman praises NYC mayor-elect, Miami mayor for leading US into the future with crypto

Bitcoin Foundation chairman praises NYC mayor-elect, Miami mayor for leading US into the future with crypto



Bitcoin Foundation Chairman Brock Pierce discusses the impact cryptocurrency will have on the world as El Salvador President Bukele and U.S. state leaders try to implement cryptocurrency into daily life.

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Democrats revive Roth IRA, 401(k) limits for wealthy Americans in latest spending proposal

Democrats revive Roth IRA, 401(k) limits for wealthy Americans in latest spending proposal



House Democrats on Wednesday unveiled an updated version of the party’s sweeping social spending package, adding several rules designed to curb wealthy Americans' ability to contribute to tax-advantaged retirement accounts.

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New Jersey plastic straw 'request only' rule takes effect as part of new ban

New Jersey plastic straw 'request only' rule takes effect as part of new ban



New Jersey on Thursday took a step toward its ban on single-use plastics as a request-only rule for plastic straws at restaurants went into effect, according to reports.

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American Airlines delays COVID-19 vaccine mandate deadline until January

American Airlines delays COVID-19 vaccine mandate deadline until January



American Airlines announced Thursday that it would postpone the implementation of a COVID-19 vaccine mandate for its employees until Jan. 4.

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Biden's social spending, infrastructure bills on track for House votes Friday

Biden's social spending, infrastructure bills on track for House votes Friday



Democratic leaders are on track to bring both President Biden’s social spending bill and the bipartisan infrastructure bill up for votes on Friday following weeks of intense negotiations with progressive and moderate holdouts.

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GOP lawmakers say 'moronic' global tax minimum puts American businesses at a disadvantage

GOP lawmakers say 'moronic' global tax minimum puts American businesses at a disadvantage



The party-defining debate between Democrats and Republicans on corporate tax rates took center stage Thursday, with GOP House lawmakers calling President Biden’s Made in America Tax Plan “moronic.”

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Stocks seek direction ahead of October jobs report

Stocks seek direction ahead of October jobs report



U.S. stock futures were little changed Friday morning ahead of the release of the October jobs report.

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Brock Pierce praises NYC mayor-elect, Miami mayor for leading US into the future with Bitcoin

Brock Pierce praises NYC mayor-elect, Miami mayor for leading US into the future with Bitcoin



Bitcoin Foundation Chairman Brock Pierce on world and U.S. state leaders implementing Bitcoin into daily life and the impact it will have in the future.

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NYC Mayor-elect Eric Adams wants to be paid in bitcoin

NYC Mayor-elect Eric Adams wants to be paid in bitcoin



Bitcoin Foundation Chairman Brock Pierce discusses NYC Mayor-elect Eric Adams embracing the cryptocurrency and its impact on the world.

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Uber posts first small adjusted profit as ridership rises, delivery gets more profitable

Uber posts first small adjusted profit as ridership rises, delivery gets more profitable

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House prices still rising but demand set to cool

Prices are up again, but looming interest rate rises may cause a slowdown, the Halifax says.

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

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'The way my boss monitored me at home was creepy'

The government is urged to update the law to deal with a sharp rise in surveillance of home workers.

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

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Democrats' policies will lead to repeat of 'Europe's energy crisis,' Barrasso report warns

Democrats' policies will lead to repeat of 'Europe's energy crisis,' Barrasso report warns



Sen. John Barrasso, R-Wyo., the ranking member of the Senate Energy and Natural Resources Committee, released an “investigative report” looking at “how Europe’s energy crisis serves as a dire warning to the United States if Democrats enact President Biden’s budget blowout,” according to a press release exclusively obtained by FOX Business.

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Miami Mayor Francis Suarez will take 100% of his salary in Bitcoin

Miami Mayor Francis Suarez will take 100% of his salary in Bitcoin



Miami Mayor Francis Suarez says the move will 'send a message to the world that we are going to be one of the most innovative governments and innovative cities on the planet.'

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New company's co-founder says his fast-food cashiers have work ‘freedom’

New company's co-founder says his fast-food cashiers have work ‘freedom’



Bite Ninja co-founder Will Clem says its employees bid for shifts, get paid immediately, and can work from anywhere in the world.

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Bite Ninja launching, hiring remote cashiers for fast-food restaurants

Bite Ninja launching, hiring remote cashiers for fast-food restaurants



Bite Ninja co-founder Will Clem explains how the company is changing the game for the fast-food industry.

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AT&T, Verizon to delay 5G rollout over FAA’s airplane safety concerns

AT&T, Verizon to delay 5G rollout over FAA’s airplane safety concerns



Wireless carriers postpone planned Dec. 5 launch of new spectrum to address concerns about potential interference with cockpit safety systems.

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Google strikes Cloud deal and invests in CME

Google strikes Cloud deal and invests in CME



Alphabet Inc.’s GOOG +0.72% Google has invested $1 billion in futures-exchange giant CME CME +0.99% Group Inc. and struck a deal to move the company’s core trading systems to the cloud.

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Apple CEO Tim Cook wishes followers a 'happy and safe Diwali'

Apple CEO Tim Cook wishes followers a 'happy and safe Diwali'



Apple CEO Tim Cook wished his 13 million followers a "happy Diwali" in a Wednesday tweet.

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Order holiday gifts online by Veteran’s Day to avoid delays: Retail expert

Order holiday gifts online by Veteran’s Day to avoid delays: Retail expert



Strategic Resource Group managing director Burt Flickinger discusses issues facing retailers today from theft to supply chain delays.

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Amazon unveils job tool for military spouse employees

Amazon unveils job tool for military spouse employees



EXCLUSIVE: Amazon on Thursday launched a new tool that will allow its military spouse employees to keep their jobs after they move on military orders.

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Fox Business Flash top headlines for November 4

Fox Business Flash top headlines for November 4



Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.

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Nintendo's profits decline following last year's pandemic boost

Nintendo's profits decline following last year's pandemic boost



Japanese video game maker Nintendo's profit dropped 19% in the first half of its fiscal year from the previous year, when it received a big lift as people stuck at home by the coronavirus pandemic turned to its products.

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Moderna stock tanks on COVID vaccine delivery slowdown

Moderna stock tanks on COVID vaccine delivery slowdown



Due to the delays and prioritization of low-income countries, Moderna anticipates fiscal year 2021 product sales between $15B and $18B, down from previous guidance of $20 billion.

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OSHA vaccine mandate: Biden administration defends rule's legality ahead of expected lawsuits

OSHA vaccine mandate: Biden administration defends rule's legality ahead of expected lawsuits



The Biden administration is defending the Occupational Safety and Health Administration's COVID-19 vaccine mandate, saying it is "well within" the agency's "broad authority" under the law.

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Fox's revenue rises amid increased advertising sales

Fox's revenue rises amid increased advertising sales



Fox Corp., parent of Fox News and the Fox broadcast network, reported higher revenue in the latest quarter, as more original entertainment programming, live sports and growth at its streaming platforms boosted advertising sales.

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Republican Youngkin says winning Virginia governor race reflects importance of ‘kitchen table issues’

Republican Youngkin says winning Virginia governor race reflects importance of ‘kitchen table issues’



Glenn Youngkin, the governor-elect of Virginia, argued that the results of the election reveal that voters in the state value the importance of the “kitchen table issues” of low taxes, great schools, safe communities and a growing economy with job opportunities.

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OSHA vaccine mandate to hit large employers Jan. 4, with hefty fines for noncompliance

OSHA vaccine mandate to hit large employers Jan. 4, with hefty fines for noncompliance



The Occupational Safety and Health Administration (OSHA) is giving employers with more than 100 employees a Jan. 4 deadline to comply with President Biden's COVID-19 vaccine mandate and threatening thousands of dollars in fines for defiant businesses

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Amid supply chain woes, over 80 House members tell Buttigieg to implement program for truck drivers under 21

Amid supply chain woes, over 80 House members tell Buttigieg to implement program for truck drivers under 21



Over 80 total bipartisan House members are telling Transportation Secretary Pete Buttigieg to allow truckers under 21 years old to cross state lines.

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Bank of England holds interest rates at record low

The Bank's policymakers vote 7-2 to keep rates at 0.1% despite rising inflation.

from BBC News - Business https://ift.tt/3k647u9

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Stocks seek record day after Fed announces taper

Stocks seek record day after Fed announces taper



U.S. stock futures were mixed Thursday, a day after the major averages closed at record highs following the Federal Reserve announcing plans to begin tapering asset purchases.

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Facebook slammed for stifling 'wrong-think' on climate change

Facebook slammed for stifling 'wrong-think' on climate change



Facebook has gotten more aggressive in promoting claims about a climate change consensus, adding fact-check-style “information” notes to various posts. Climate experts have condemned the move, attacking the study on which the claim of “consensus” is based and faulting Facebook for becoming an Orwellian thought police.

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Google to pursue Pentagon cloud-computing contract

Google to pursue Pentagon cloud-computing contract



Google is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid process in the face of employee protests.

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Currys teams up with Uber for 30-minute deliveries

Customers in 12 London boroughs will be able to order items such as laptops and printer cartridges.

from BBC News - Business https://ift.tt/2ZTMJS7

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Sainsbury's says supply issues won't hit Christmas

The supermarket says its size and relationships with suppliers put it in good stead.

from BBC News - Business https://ift.tt/3CMl1Wf

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US central bank is reducing its bond-buying programme

The US central bank will reduce the $120bn a month support introduced to help the economy through the crisis.

from BBC News - Business https://ift.tt/2ZJ4wvn

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Zillow stock craters on plans to exit house-flipping business

Zillow stock craters on plans to exit house-flipping business



Zillow Group Inc. shares plunged Wednesday after the company announced plans to exit its house-flipping business and eliminate 25% of its workforce.

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Oil giant Shell says it needs oil output to fund green shift

Shell says it needs the cash from fossil fuel production to fund its transition to green energy.

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

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Fed decision, Powell press conference: LIVE Updates

Fed decision, Powell press conference: LIVE Updates



Federal Reserve policymakers delivered a fresh assessment of the U.S. economy and the state of inflation.

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'Flippy' the robotic fry cook gets an upgrade

'Flippy' the robotic fry cook gets an upgrade



Flippy 2, which has more than 120 configurations built into its technology, is able to increase kitchen throughput by 30%, or around 60 baskets per hour. A Miso spokesperson told FOX Business that Flippy can cost around $3,000 a month depending on its configuration.

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Democrats' 'Plan A' amnesty plan would increase federal deficit by over $500 billion by 2041: CBO

Democrats' 'Plan A' amnesty plan would increase federal deficit by over $500 billion by 2041: CBO



One of the sweeping plans by Democrats to grant amnesty to millions of illegal immigrants would add more than half a trillion dollars to the deficit by 2041, according to a Congressional Budget Office analysis published late Tuesday.

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'Socialism isn’t progressive. It’s backwards': Nikki Haley

'Socialism isn’t progressive. It’s backwards': Nikki Haley



EXCLUSIVE: Former U.N. ambassador Nikki Haley says the Democratic Party is now a socialist party

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Varney: Biden presidency has ‘completely run out of juice’

Varney: Biden presidency has ‘completely run out of juice’



FOX Business' Stuart Varney says the Virginia governor's race was an election representative of Biden's failures.

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Ikea to raise prices as supply chain problems bite

The furniture giant will pass rising costs onto franchisees, which may be passed on to consumers.

from BBC News - Business https://ift.tt/3bT3mAt

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Allbirds raises nearly $303 million after pricing IPO at $15 apiece

Allbirds raises nearly $303 million after pricing IPO at $15 apiece



Shares of Allbirds hit the ground running after the eco-friendly, direct-to-consumer footwear and apparel brand made its IPO debut.

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Biden admin regulating stablecoins pushes back against financial 'freedom': Ex-Interior Department attorney

Biden admin regulating stablecoins pushes back against financial 'freedom': Ex-Interior Department attorney



Former Trump principal deputy solicitor of the U.S. Department of Interior Gregory Zezan argues cryptocurrencies and stablecoins give people financial freedom, which the Biden admin is fighting against.

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Diwali: Covid delays and driver shortages hit preparations

A Hindu one-stop shop's owner says a reduction in deliveries has made preparing for the festival hard.

from BBC News - Business https://ift.tt/2ZHM2LV

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Staff shortages see UK meat carcasses sent to EU for butchering

Beef and pork producers are exporting their meat to Europe and importing them back again once cut.

from BBC News - Business https://ift.tt/3EDFT2o

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Miami Beach voters say 'yes' to closing bars earlier

Miami Beach voters say 'yes' to closing bars earlier



Last call could come three hours earlier in Miami Beach, where a majority of voters fed up with nighttime violence chose “Yes” to rolling back the 5 a.m. closing time for alcohol sales.

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China's hypersonic missile test a 'very troubling development,' national security expert warns

China's hypersonic missile test a 'very troubling development,' national security expert warns



Reagan National Security Council Roger Robinson, Jr. sounds the alarm on Americans being able to invest in a Chinese-owned military company funding hypersonic missiles.

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