Customers were left questioning why their wages had failed to appear in their account on Friday.
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Friday, December 31, 2021
Thursday, December 30, 2021
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.
from BBC News - Business https://ift.tt/3zbOd...
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.
from BBC News - Business https://ift.tt/3qyUT...
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.
from BBC News - Business https://ift.tt/3z8Qo...
Wednesday, December 29, 2021
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.
from BBC News - Business https://ift.tt/3EC4S...
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.
from BBC News - Business https://ift.tt/3Jlww...
Sofology: We spent our Christmas on deckchairs
Customers of the furniture chain say they have been left without orders and in the dark.
from BBC News - Business https://ift.tt/3z8zE...
Apple puts Indian iPhone factory 'on probation'
Hundreds of staff at Foxconn in Sriperumbudur were reportedly hit by food poisoning.
from BBC News - Business https://ift.tt/3exac...
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.
from BBC News - Business https://ift.tt/3sIZH...
Tuesday, December 28, 2021
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.
from BBC News - Business https://ift.tt/32vqE...
How invisible barcodes could increase plastic recycling
A pan-industry scheme is testing invisible barcodes on plastic packaging to boost recycling rates.
from BBC News - Business https://ift.tt/3sHbb...
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/3eve9...
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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Monday, December 27, 2021
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.
from BBC News - Business https://ift.tt/3mFlC...
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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Sunday, December 26, 2021
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.
from BBC News - Business https://ift.tt/3Et07...
Business Review of 2021: Climate change and Covid
2021 saw countries grapple with climate change's economic challenges, and Covid's continuing impact.
from BBC News - Business https://ift.tt/3qqQi...
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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Saturday, December 25, 2021
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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Friday, December 24, 2021
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.
from BBC News - Business https://ift.tt/30Xhd...
Thursday, December 23, 2021
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/3EqyL...
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.
from BBC News - Business https://ift.tt/3pl7X...
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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Wednesday, December 22, 2021
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.
from BBC News - Business https://ift.tt/3GWaU...
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/32tUw...
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/3qlYN...
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/3H7xC...
Tuesday, December 21, 2021
Mixed reaction to latest Covid package for firms
Hospitality firms welcome new support grants to deal with Omicron, but others feel overlooked.
from BBC News - Business https://ift.tt/33D1W...
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.
from BBC News - Business https://ift.tt/3pfob...
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.
from BBC News - Business https://ift.tt/3ehDi...
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.
from BBC News - Business https://ift.tt/3J552...
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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Monday, December 20, 2021
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/3e7sF...
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.
from BBC News - Business https://ift.tt/3GWw8...
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.
from BBC News - Business https://ift.tt/3J8gy...
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/30MHR...
Davos business leaders' event postponed over Omicron
The World Economic Forum has been rescheduled for "early summer" due to the spread of Covid.
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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/3plkz...
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/3mjtb...
Sunday, December 19, 2021
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/3yH8H...
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.
from BBC News - Business https://ift.tt/3yHTl...
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.
from BBC News - Business https://ift.tt/3Ebjm...
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/3e8Db...
BBC Bitcoin mining report used in crypto-scam
The BBC’s Silicon Valley correspondent investigates how his report was used to steal life savings.
from BBC News - Business https://ift.tt/3Ebq6...
Lord Frost resigns as Brexit minister
He says he hopes Boris Johnson will not be tempted by "coercive measures" to tackle Covid.
from BBC News - Business https://ift.tt/3q6U3...
Friday, December 17, 2021
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.
from BBC News - Business https://ift.tt/3q6d6...
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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Thursday, December 16, 2021
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.
from BBC News - Business https://ift.tt/3EZ25...
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.
from BBC News - Business https://ift.tt/3DXM2...
Boeing: Families in legal action against US over air crash
Relatives of passengers killed in Ethiopian Airlines crash file legal action over Boeing deal.
from BBC News - Business https://ift.tt/3mbx6...
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.
from BBC News - Business https://ift.tt/3mb7B...
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.
from BBC News - Business https://ift.tt/3weAj...
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.
from BBC News - Business https://ift.tt/3IWBz...
Wednesday, December 15, 2021
Covid: 'Three of us left' - Firms hit by sickness wave
Employers are feeling the impact of staff shortages as cases hit a new record.
from BBC News - Business https://ift.tt/3ywxC...
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?
from BBC News - Business https://ift.tt/3muis...
'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.
from BBC News - Business https://ift.tt/3E66T...
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.
from BBC News - Business https://ift.tt/3oXQk...
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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Tuesday, December 14, 2021
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.
from BBC News - Business https://ift.tt/3oRpt...
Watchdog bans seven ads in crypto 'red alert'
Cryptocurrency ads by trading platforms, exchanges and a pizza chain broke rules, the ASA found.
from BBC News - Business https://ift.tt/3m5xJ...
How vending machines are making life better for Kenyans
By thinking small vending machine firms are delivering more affordable products for Kenyan shoppers.
from BBC News - Business https://ift.tt/3oRQO...
Law student, 19, sues landlord and wins first case
Jack Simm sued his landlord after saying his accommodation was like a "building site".
from BBC News - Business https://ift.tt/3yniH...
Stagecoach and National Express agree to merge
The move comes after talks between the bus and coach rivals were first revealed in September.
from BBC News - Business https://ift.tt/3EXGz...
Job vacancies hit another record high
The number of openings is now 434,500 higher than pre-pandemic levels - but growth is slowing.
from BBC News - Business https://ift.tt/3DSRS...
Monday, December 13, 2021
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.
from BBC News - Business https://ift.tt/3GHyL...
Online Safety Bill: New offences and tighter rules
The next stage of the landmark Online Safety Bill recommends major changes and tougher regulation.
from BBC News - Business https://ift.tt/3ylXn...
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/31LPu...
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.
from BBC News - Business https://ift.tt/3DTyC...
Post Office scandal: Government to foot bill for postmasters' compensation
The Department for Business said that the impact on postmasters' lives "cannot be overstated".
from BBC News - Business https://ift.tt/3ylhh...
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.
from BBC News - Business https://ift.tt/3lZ6o...
TV: Sony investment in Bad Wolf brings ambitions of growth
Bad Wolf makes His Dark Materials and will co-produce Doctor Who from 2023.
from BBC News - Business https://ift.tt/3EPeO...
Sunday, December 12, 2021
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.
from BBC News - Business https://ift.tt/3ykm5...
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.
from BBC News - Business https://ift.tt/31NIQ...
How this country became Europe's cargo bike hub
In Germany, generous subsidies are leading to more sophisticated cargo bikes.
from BBC News - Business https://ift.tt/3s06d...
Alibaba fires employee who accused boss of rape
The Chinese e-commerce firm has fired the woman, who went public with accusations in August.
from BBC News - Business https://ift.tt/3lXtJ...
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.
from BBC News - Business https://ift.tt/3yhzl...
Friday, December 10, 2021
Businesses call on the government for more help
Firms are calling on the government for more support after Plan B Covid restrictions take effect.
from BBC News - Business https://ift.tt/33lI8...
LV= members reject Bain Capital takeover deal
Members have rejected the £530m deal and so the insurance firm remains as a mutual.
from BBC News - Business https://ift.tt/3lT5M...
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.
from BBC News - Business https://ift.tt/3dH8s...
Heathrow boss urges travel rules rethink ahead of Christmas
John Holland-Kaye said families should be able to reunite for the festive period.
from BBC News - Business https://ift.tt/3rRSY...
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.
from BBC News - Business https://ift.tt/335tg...
Thursday, December 9, 2021
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.
from BBC News - Business https://ift.tt/3ya8T...
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.
from BBC News - Business https://ift.tt/3dR63...
'I borrowed £50 and we ended up homeless'
People could fall into serious debt if they use loan sharks this Christmas, charities warn.
from BBC News - Business https://ift.tt/3mazf...
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.
from BBC News - Business https://ift.tt/3GxJU...
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/3EsOe...
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.
from BBC News - Business https://ift.tt/3lPMQ...
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/3lOiq...
Wednesday, December 8, 2021
Covid vaccine passports 'devastating' for nightclubs
An industry body says nightclubs and bars should not be "thrown under the bus" by the government.
from BBC News - Business https://ift.tt/3DBfI...
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/31FQx...
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.
from BBC News - Business https://ift.tt/3Izqx...
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/304Ll...
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.
from BBC News - Business https://ift.tt/3rLuw...
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/3lL7E...
Tuesday, December 7, 2021
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/3y324...
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/3EAe7...
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/3Gl8c...
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/3ovL6...
Instagram announces changes ahead of political grilling
Platform boss unveils new safety features a day before being quizzed by the US Senate.
from BBC News - Business https://ift.tt/3IsRG...
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/3pz8C...
Monday, December 6, 2021
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/3IjBw...
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/32TNd...
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/3GiPT...
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.
from BBC News - Business https://ift.tt/3Ionk...
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/3doNJ...
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/3lEEU...
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.
from BBC News - Business https://ift.tt/3DHaC...
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/3lHbc...
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/3GnBW...
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/3lEWF...
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/31wpf...
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/3y795...
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/3GjR9...
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/3pxbL...
Sunday, December 5, 2021
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/31nh0...
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/3DsIL...
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.
from BBC News - Business https://ift.tt/3lAqU...
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.
from BBC News - Business https://ift.tt/3dpSx...
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.
from BBC News - Business https://ift.tt/3omnc...
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.
from BBC News - Business https://ift.tt/3onM4...
Saturday, December 4, 2021
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.
from BBC News - Business https://ift.tt/31toj...
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.
from BBC News - Business https://ift.tt/3djgW...
Friday, December 3, 2021
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.
from BBC News - Business https://ift.tt/3ptdx...
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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Thursday, December 2, 2021
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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Wednesday, December 1, 2021
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.
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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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