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Monday, January 31, 2022

True story? Lie detection systems go high-tech

A number of teams are working on advanced ways to tell more accurately if someone is lying.

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Co-op workers win legal argument in equal pay fight

Shop floor workers at the supermarket are a step closer to securing equal pay with warehouse staff.

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Key Post Office deal agreed for future of cash

Customers of 30 banks and building societies can continue to use post offices to deposit cash.

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Wine drinkers face higher prices and less choice, firm warns

Proposed changes to alcohol duty could also push smaller firms out of business, a wine seller warns.

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Air passengers promised fairer deal in compensation shake-up

Under new plans, travellers could claim for delays of more than an hour, down from three hours currently.

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Sunday, January 30, 2022

Macau police arrest leading casino boss amid crackdown

Macau Legend Development's share price plunged by as much as 30% in Hong Kong on Monday.

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Brexit: UK plan to remove EU law sparks nations' anger

The UK government says the plan will cut red tape - but devolved nations are unhappy with the move.

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Concerns over food shortages as CO2 deal ends

Food and drink firms are warning supplies could be hit unless government subsidies continue.

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How the high cost of living is hitting Singapore's poor

Asia's rising food costs are hitting the region's poor, despite the fall in rice prices in 2021.

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Spotify: Streaming giant announces plans to clamp down on Covid misinformation

The streaming giant says it will add warnings to all podcasts discussing Covid-19 on its platform.

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National Insurance: Rise will squeeze budgets - CBI

Businesses say they don't support increasing National Insurance as they recover from Covid's impact.

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Saturday, January 29, 2022

Energy crisis: How countries are dealing with rising prices

From cash handouts to price caps, other countries are using a variety of measures to combat soaring gas prices.

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Cost of living: Will parents spend less on kids' toys?

Families will cut spending on many things before toys but soaring bills may put this to the test.

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National Insurance: Boris Johnson and Rishi Sunak confirm rise from April

An employee on £20,000 a year will pay an extra £89 in tax, while someone on £50,000 will pay £464.

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Graduates in England facing tax rise by stealth, says IFS

The warning from the IFS comes as the threshold for repaying student loans is frozen this year.

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Friday, January 28, 2022

Storm Arwen: 'I was left without broadband for seven weeks'

A holiday firm owner says he lost bookings because of the time it took to restore an internet link.

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The scramble for cargo aircraft as shipping costs soar

Cargo aircraft are being rushed into service amid a worldwide shortage in shipping capacity.

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Return to the office must not harm women's careers, says Aviva boss

Aviva's chief executive says firms need to think about gender equality as workers return to offices.

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HP wins multibillion-dollar fraud case over Autonomy sale

The tech giant says Autonomy's founder "artificially inflated" the Cambridge-based firm's worth.

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Thursday, January 27, 2022

Winter Olympics: Global sponsors quiet ahead of Beijing Games

A week before the Beijing Games start, global partners are lying low.

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Apple sales soar despite supply constraints

The iPhone giant's business has boomed during the pandemic.

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Former traders cleared of US rate rigging

Matthew Connolly and Gavin Black have been acquitted of rate rigging by a US court.

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Kwarteng: No U-Turn on National Insurance tax rise

Business Secretary Kwasi Kwarteng says a National Insurance rise to fund the NHS will go ahead.

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US economy grows at fastest pace in decades

Economic activity jumped by 5.7% in 2021, but analysts expect growth to slow this year.

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Air India: Tata Group takes over loss-making national carrier

India's iconic national carrier has officially been handed over to its original founders, the Tata Group.

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Tesco to encourage shoppers and staff to keep wearing masks

UK's largest retailer will continue to ask people in England to wear masks after rules are relaxed.

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Wednesday, January 26, 2022

Watchdog investigates £1.9bn National Express & Stagecoach tie-up

The Competition and Markets Authority has stopped the £1.9bn proposed merger while it investigates the deal.

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Bentley pledges £2.5bn for Crewe plant in electric cars move

The luxury car maker will make its first electric car at its plant in Crewe, bosses confirm.

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IMF urges El Salvador to remove Bitcoin as legal tender

Officials say the decision poses risks to financial stability and consumer protection in the country.

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Warning shipping delay problems to continue this year

Global product shortages and shipping disruption show no signs of easing, study finds.

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Tuesday, January 25, 2022

Boohoo starts production at new Leicester factory

The retailer also plans to use the site as a training facility after a review found "many failings".

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Food shortage fears rise as CO2 deal deadline nears

The food industry says shortages could return if a deal to secure carbon dioxide supplies is not extended.

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Covid: UK economy set to grow more slowly than forecast, says IMF

The IMF says the global economy is entering 2022 in a weaker position than previously expected.

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Spread high energy costs over several years, says Octopus Energy boss

Smoothing price increases is the best way to avoid hefty rises in bills, says Octopus Energy.

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Monday, January 24, 2022

Brewdog chief James Watt accused of inappropriate behaviour

Former US workers at the brewing giant say James Watt's behaviour made female bartenders feel "uncomfortable" and "powerless".

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Shares tumble as Russia-Ukraine tensions rattle markets

Global markets drop sharply as fears of a possible Russian invasion unnerve investors.

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Covid travel tests to be axed in England for double vaccinated

The requirement for those arriving in England to take a test within 48 hours is to be scrapped.

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Will Russia-Ukraine tensions push up UK gas bills?

Gas prices are already high, but a Russian invasion of Ukraine would make matters even worse.

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Peloton takes another hit from TV heart attack

After a heart attack in Sex and the City remake, Peloton gets an unfavourable portrayal in Billions.

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Banknote maker De La Rue rocked by supply chain shortages

De La Rue issues profit warning as the pandemic pushes up the costs of the materials it uses.

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Sunday, January 23, 2022

Like a drone that you sit in – but would you feel safe?

Personal drones that can transport one or two passengers will soon be available for anyone to buy.

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Return to the office: Can’t wait or dreading it?

After the government scrapped work-from-home guidance, some staff will return to the office on Monday.

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Bill extending HS2 to Manchester laid in Parliament

Official approval for the high speed line to Manchester is a "landmark moment", says the government.

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Vaccine mandates: 'I lost my job for being unvaccinated'

Covid-19 vaccine mandates face stiff resistance in the US, where they are clashing with national ideals of personal freedom.

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The people deciding to ditch their smartphones

The smartphone users who are ditching their handsets to take back more control of their lives.

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John Lewis says it is wrong to cut sick pay for unjabbed staff

Unlike rivals, the retailer says all staff get full sick pay regardless of vaccination status.

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Major investor will target bosses at firms failing on climate

Aviva Investors will vote to get directors kicked out of firms that fail on sustainability goals.

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Inflation: Four things rising in price and why

From skincare products to used cars - the items that tell the story of the cost of living crisis.

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Friday, January 21, 2022

Police response to £25,000 fraud branded woeful

Inspectorate criticises the police after only one of 69 victims of a fraud has their case investigated.

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First-time buyer: 'I couldn't keep paying so much rent'

There were a record number of first-time buyers in 2021, figures from lender Halifax suggest.

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Firms call for urgent help with energy bills

Five business groups write to Chancellor Rishi Sunak asking for support for firms on energy costs.

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Serbia revokes Rio Tinto lithium mine permits following protests

The country cancels the mining licence for the Anglo-Australian firm's controversial $2.4bn project.

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Ex-Credit Suisse chief also broke Covid rules going to Euros final

Ex-Credit Suisse chief António Horta-Osório went to Wembley on same day he attended Wimbledon.

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Thursday, January 20, 2022

Peloton shares dive on report it halted production

The firm's shares fell more than 20% as investors worry that demand for its pricey exercise machines is waning.

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BT to introduce inflation-busting price rises

Most broadband and phone bills will rise by more than 9% at the end of March, BT says.

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Carhartt facing calls for boycott over vaccine mandates

The US work wear maker says it is sticking to its Covid jab policy, sparking a conservative outcry.

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Dozens of blocks still have Grenfell-type cladding

The flammable panels have been blamed for the rapid spread of the 2017 fire, which led to 72 deaths.

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Primark to cut 400 store management jobs

The retailer saw sales fall as the spread of Omicron cut the number of visitors to its shops.

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Wednesday, January 19, 2022

Harry and Meghan misused in fake investment endorsement

Financial watchdog warns of rising worries about investment scams using fake celebrity support.

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US and UK finally sit down on steel tariffs

The US and UK have opened formal discussions on border taxes on UK steel and aluminium.

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Unilever says it will not increase £50bn bid for rival

Consumer goods giant Unilever says it will not sweeten its bid for the healthcare arm of GlaxoSmithKline.

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What high inflation means - in 90 seconds

The BBC's consumer affairs correspondent, Colletta Smith, breaks it down.

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Covid: 'Plan B was a catastrophe for our coffee shop'

End of work-from-home guidance a boost for hospitality, while nightclubs welcome scrapping of covid passes.

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Biggest house price rise in coastal south west

UK house prices rose by 10%, official figures show, with demand high despite cost of living pressures.

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Boss behind mass Zoom firing back in charge

Better.com boss Vishal Garg took time off after his handling of mass job cuts sparked outrage.

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Inflation: Seven reasons why the cost of living is going up around the world

Global inflation - the rate at which prices rise - is at its highest since 2008. Here are seven reasons why.

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Millionaires say they want to pay more tax

A group of more than 100 of the richest people say current tax systems are "not fair".

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Tuesday, January 18, 2022

Council-backed energy firm Together Energy latest to go bust

Together Energy, which was backed by Warrington Borough Council, ceases trading due to high gas prices.

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Microsoft set to buy Call of Duty maker

It's the biggest deal in gaming history, bringing some of the world's biggest titles to Gamepass.

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Insurer cuts word 'energetic' from job ads to woo older applicants

Phoenix Group says words like "energetic" and "enthusiastic" may discourage older job applicants.

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What is the UK's inflation rate and why is the cost of living going up?

The cost of living is at its highest rate for 10 years and is expected to increase further.

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Aldi opens its first till-free supermarket

The supermarket will bill people after they leave the store as part of a trial using new technology.

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US airlines warn of impending 5G flight disruption

Airlines says the start of 5G mobile phone services on Wednesday will hit aircraft navigation systems.

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Monday, January 17, 2022

Pension Wise: MPs call for automatic pension help appointments

Savers are struggling to navigate the "pensions minefield" and need more support, according to MPs.

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How delivery apps created 'the Netflix of food ordering'

Innovative food delivery apps offer everything from multiple restaurant orders to home chef cuisine.

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ScotWind offshore auction raises £700m

Crown Estate Scotland said 17 projects have been chosen in the first seabed leasing round in a decade.

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Unilever looks set to continue pursuing £50bn-plus mega-merger

The maker of Marmite and PG Tips says buying GlaxoSmithKline's healthcare arm would be a "strong fit".

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Sunday, January 16, 2022

China cuts interest rates as economic growth slows

Compared to a year earlier, the economy grew 4% in the last three months of 2021, official figures show.

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Credit Suisse chairman resigns after company probe

Antonio Horta-Osorio was reportedly found to have broken the UK's Covid-19 quarantine rules.

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Funeral costs drop for first time in 18 years

A report says the cost fell by 3.1% but the cheapest type of funeral - a direct cremation - rose in price.

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Wealth of world's 10 richest men doubled in pandemic, Oxfam says

Covid-19 has made the rich richer while poverty increased, Oxfam claims, as a virtual Davos gets underway.

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Energy bills: 'It feels like I'm sleeping outside'

People tell of their struggles to cope, with energy bills set to soar by more than £700 this year.

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Cladding crisis: Norwegian wealth fund urged to pressure firms and builders

Grenfell survivors have asked a huge public fund to have 11 firms "resolve" buildings' fire safety defects.

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Saturday, January 15, 2022

Will ScotWind auction deliver a renewables revolution?

Over the next decade or so these new offshore wind farm sites could supercharge renewable energy capacity.

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Marmite-owner Unilever bids for GSK's consumer arm

Analysts say a successful bid would represent one of the biggest ever deals involving firms trading in London.

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Friday, January 14, 2022

Ex-supermarket boss Lord Sainsbury of Preston Candover dies at 94

The company's current chief executive described John Sainsbury as a "shopkeeper to his core".

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Jailed 'Pharma Bro' Martin Shkreli ordered to repay $64m

Martin Shkreli has also been barred from the US pharmaceutical industry for life.

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Tesla starts accepting once-joke cryptocurrency Dogecoin

Elon Musk's plans send the value of the cryptocurrency soaring.

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YouTube rich list: MrBeast was the highest-paid star of 2021

Between them, the 10 highest-paid YouTubers raked in $300m last year.

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E.On apologises for sending socks to customers

It is the second major supplier in a week to admit a marketing gaffe as customers face rocketing bills.

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Thursday, January 13, 2022

Inflation: South Korea raises rates to pre-pandemic level

Its third interest rate hike in six months comes as it tries to contain rising prices and debt.

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Google will spend £730m to 'reinvigorate' its UK offices

The tech giant is expanding UK staff capacity by 50% and wants to "reinvigorate" the work environment.

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Don't use refund firms to claim tax rebates, says Which?

The consumer group says people are paying third party firms hundreds of pounds unnecessarily.

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'As a black woman in STEM I'm used for photo opportunities'

Chemist Cynthia Chapple talks about how to get more black girls from inner-cities into STEM careers.

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The people using YouTube to pay for their French chateau

How chateaux owners are using advertising revenues from social media posts to earn a living.

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US Supreme Court blocks Biden's workplace vaccine mandate

The ruling marks a major blow to a central pillar of the White House's strategy for tackling Covid-19.

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UK and India launch trade talks 'worth billions'

Britain says a deal could be worth billions of pounds and almost double exports to India by 2035.

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Marks & Spencer: Midget Gems change name after academic's campaign

A Liverpool disability academic told M&S the word midget has its roots in Victorian freak shows.

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French holiday bookings surge after rule change

The easing of French travel restrictions has led to an immediate increase in holiday bookings, operators say.

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Ovo Energy tells staff it will cut a quarter of its workforce

The country's third largest energy provider is making cuts related its acquisition of SSE in 2019.

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Next cuts sick pay for unvaccinated staff forced to self-isolate

The retailer changes its sick pay rules as employers face soaring absences due to Omicron.

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Wednesday, January 12, 2022

Kim Kardashian sued in crypto 'pump and dump' case

The star is one of three celebrity defendants being sued by investors in the EthereumMax crypto-currency..

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A trade deal with India in 2022 would be a big prize

The UK is starting ambitious negotiations with India, but that won't solve the problems with its overall trade strategy.

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'Firefighting is not all about saving cats in trees'

One young firefighter describes what the day-to-day is really like. And what it takes to get hired.

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Why warehouses are Asia's new hot property

Online retailers are moving to bigger facilities and increasingly relying on automation to meet demand.

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US will remove UK steel tariffs 'when the time is right'

Trump-era steel tariffs remain in place on UK exports, though they have been removed for EU products.

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Pret boosts pay to £10 per hour for thousands of staff

The sandwich chain Pret A Manger is boosting its pay rates for the second time in four months.

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Pensions and benefits will not keep up with cost of living, warns think tank

A think tank says a temporary rise would help 10 million people facing hardship, but at a heavy cost.

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US inflation rate hits near 40-year high

Prices rose by 7% in December, piling more pressure on the US central bank to raise interest rates.

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Covid: Government's PPE 'VIP lane' unlawful, court rules

A judge says it was unlawful to give two companies preferential treatment when awarding PPE contracts.

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Tuesday, January 11, 2022

British Gas owner warns energy crisis to last two years

The boss of Centrica says there is "no reason" to expect gas prices to come down anytime soon.

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UK delays more all-lane smart motorways for five years

More safety data is needed before more hard shoulders are made into traffic lanes, government says.

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How the soaring cost of living is hitting Sri Lankans hard

Rising food and fuel prices are making daily life tougher for many ordinary people in Sri Lanka.

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The controversy of wood pellets as a green energy source

Wood pellets are touted as a 'green' way to make electricity, but many reject these claims.

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World Bank warns global economy faces grim outlook

The bank predicts a "pronounced slowdown", with global economic growth falling to 4.1% this year

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DFDS ferry boss warns of 20 mile queues at Dover if checks do not ease

Chris Parker says it "won't work" to have increased passenger numbers with current restrictions.

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Many postmasters still in the dark over justice

The Post Office has been unable to contact 126 people who were convicted on the basis of flawed evidence.

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£150,000 starting salaries as firms fight for staff

A shortage of talent is driving up wages worldwide, says professional recruitment firm Robert Walters.

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Heathrow Airport suffers 600,000 cancellations in December

Fresh travel restrictions sparked a wave of cancelled bookings at Britain's busiest airport.

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Monday, January 10, 2022

Covid: Shoppers swap party clothes for loungewear

Comfy clothes were back in fashion after people were advised to work from home.

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The AI software that could turn you in to a music star

Artificial intelligence is now smart enough to write tracks that earn streaming service royalties.

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Tesla adds chill and assertive self-driving modes

An update to Tesla cars adds a mode to follow other cars more closely and to slow rather than stop.

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Ikea cuts sick pay for unvaccinated staff forced to self-isolate

The retail giant joins a growing list of firms changing their rules as staff absences and costs begin to bite.

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Cladding: Developers told to act on lower-height buildings

Developers who do not remove cladding on buildings 11-18m high could face legal action, the government says.

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Cladding: Michael Gove to vow to pursue firms behind safety problems

The housing secretary will set out measures to force developers to pay for cladding removal.

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Sunday, January 9, 2022

Virgin and O2 users to not face EU roaming charges

Virgin Media O2 says it will not reintroduce fees for mobile data use and calls in EU countries.

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What is the biggest challenge for your business in 2022?

What are industry leaders planning for in the coming year.

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Scrap business rates due to energy costs - Labour

A windfall tax on gas and oil producers would help firms struggling with bills, Labour says.

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Morrisons scraps 'use by' date on milk in favour of sniff test

The supermarket says a sniff test is a better guide to quality - with 'best before' labels used instead.

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Labour urges energy firm tax hike to help cut household bills

The party says a windfall tax could soften the the impact of surging household costs by £200 a year.

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Covid-19: Cutting self-isolation to five days would be helpful says Nadhim Zahawi

The UK's former vaccines minister says reducing the quarantine period would ease staff pressures.

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Friday, January 7, 2022

Cladding: More flat owners to be freed from bills

Developers to be told to pay for removal of cladding in lower-height buildings, the BBC understands.

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Thursday, January 6, 2022

Ladbrokes claimed £102m furlough despite online boost

Entain revenues rose in the pandemic as online betting made up for trade lost at betting shops.

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Lithuania wobbles after daring to defy China

It stood up to China over Taiwan, but this week Lithuania's president said it made a mistake.

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The woman working to get unwanted food to the hungry

Maria Rose Belding explains how she started a US database to distribute unwanted food to the hungry.

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Caviar sales soar as more people get a taste for posh fish eggs

Global producers of caviar say that demand has soared since the first lockdown.

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NFT marketplace OpenSea valued at more than $13bn

Worldwide trade in digital collectables was worth $40.9bn (£30.1bn) last year, a report suggests.

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British farmers unhappy as Asda retracts beef promise

The National Beef Association is 'deeply disappointed' that Asda reneged on its 100% British beef promise.

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Wednesday, January 5, 2022

Taiwan setting up $200m Lithuania fund amid China row

China downgraded its diplomatic relations with Lithuania after Taiwan opened a de facto embassy there.

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Drivers overcharged by £5m a day for petrol, claims RAC

The RAC accuses petrol retailers of ripping off motorists by not passing on wholesale price cuts.

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Vodafone and EE delay EU roaming charges return

Vodafone joins EE in delaying its planned January date for EU roaming charges.

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Electric car sales soar, but chip shortage hits market

Electric cars sales surged last year, but the SMMT warns that charging infrastructure needs investment.

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CEO Secrets: 'Make decisions as if you were on your deathbed'

Michael Cockburn, co-founder of office-working app Desana, shares his business advice.

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Cost of living: Government discusses fuel bill support

Targeted energy cost support is emerging as the favourite option to tackle the cost of living crisis.

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Tuesday, January 4, 2022

Covid: Travel firms call for removal of testing rules

With case rates of the Omicron variant so high, airlines say testing passengers is having no real impact.

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China investment firm's shares slump after $6.6bn bailout

The firm's former chairman Lai Xiaomin was executed last year after being found guilty of corruption.

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China Mobile shares rise in Shanghai debut after US exit

The company delisted in New York after a Trump-era move to restrict investment in Chinese tech firms.

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Can a solar-power fridge get more people vaccinated?

A fridge designed for areas with no electricity is now helping dispense Covid vaccines in Kenya.

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Is there a better way to make new resolutions stick?

There are lots of apps that promise to make you healthier and happier but are they any good?

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Asus recalls product after users 'smell smoke'

The computer company has had a "few" complaints and warned some 2021 models could be affected.

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General Motors 90-year streak as top US car seller ends

Japan's Toyota outsold the US car company for the first time in nearly a century.

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Nationwide customers face more payment delays

The UK's biggest building society says the large volume of payments means a queuing system is needed.

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Burger King to sell vegan nuggets in bid to go 50% meat-free

The fast-food chain says it will begin selling vegan nuggets across the UK from Wednesday.

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Monday, January 3, 2022

China: Evergrande shares rise as Hong Kong trade resumes

The crisis-hit company suspended its shares on Monday pending the release of "inside information".

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Apple becomes first firm to hit $3tn market value

The firm's value more than doubled during the pandemic as people bought more gadgets during lockdowns.

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Elon Musk: Tesla criticised after opening Xinjiang showroom

The world's most valuable car maker opened the new showroom in the city of Urumqi on New Year's Eve.

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Why BlackBerry held the tiny keys to my heart

The classic smartphone's life comes to an end on 4 January as the firm switches off support.

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Elizabeth Holmes: Theranos founder convicted of fraud

A jury found the Silicon Valley ex-CEO guilty on four of 11 counts after seven days of deliberations.

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UK steel future uncertain without US tariffs deal

Europe has reached an agreement over Trump-era taxes but the UK is still facing 25% tariffs.

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Turkey's inflation hits 36% amid financial turmoil

The cost of living hits a 19-year high as the country refuses to raise its interest rates.

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Covid staff shortages set to continue into New Year

Pub groups and retailers warn that sickness and isolation continue to blight their businesses.

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Sunday, January 2, 2022

Top US phone firms reject call to delay 5G rollout

Transportation and aviation authorities called for a delay of two weeks on safety concerns.

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China: Evergrande suspends shares in Hong Kong as firm tries to raise cash

The move comes as the debt-laden property developer struggles to raise cash to meet its obligations.

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China: Why some think "small eyes" are not beautiful

Brands featuring Chinese models with narrow eyes in advertisements have been accused of racism.

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Marjorie Taylor Greene: Twitter bans congresswoman over Covid misinformation

The congresswoman was suspended after tweeting falsely about high levels of vaccine related deaths.

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Gas prices: MPs and peers urge PM to act on energy bills

Five ex-ministers are among those saying Boris Johnson should cut VAT and green levies to help households.

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Saturday, January 1, 2022

Covid: Workplaces told to plan for absences of up to 25%

Rising Covid cases could see a worst case scenario of up to a quarter of staff off work, the government says.

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'I'm trapped in a joint mortgage with my abuser'

An abuse survivor describes her ordeal as a charity calls for action to tackle financial abuse. from BBC News https://ift.tt/bWL1OrA