Facebook in 'bare-knuckle' fight with TikTok

The Washington Post alleges a consultancy was paid by Meta to promote stories of dangerous TikTok trends.

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

Norton Motorcycles: Stuart Garner sentenced over missing pensions

The former boss of Norton Motorcycles lost about £10m of people's pensions.

from BBC News - Business https://ift.tt/JLzIV62

Russia threatens to stop supplying gas if not paid in roubles

Vladimir Putin orders "unfriendly" foreign buyers of Russia's gas to open Russian bank accounts.

from BBC News - Business https://ift.tt/R80VL4e

Cuadrilla given extra year to evaluate fracking wells

Fracking firm Cuadrilla will not have to concrete over controversial shale gas wells near Blackpool.

from BBC News - Business https://ift.tt/4MhyY1K

Energy websites crash in meter readings rush

Suppliers including Shell and EDF are working to resolve issues, ahead of a price rise on Friday.

from BBC News - Business https://ift.tt/H3ghE76

British Steel pension scandal: Savers could be compensated

The financial watchdog says it will deliver compensation worth £71.2m to those who were misled.

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

Ronin Network: What a $600m hack says about the state of crypto

The hack of the Ronin Network crypto platform leaves thousands out of pocket and plenty of questions.

from BBC News - Business https://ift.tt/qslaNJ8

Ukraine conflict: Russia to allow unauthorised imports from West

The decision is in response to Western sanctions and surging inflation since the war in Ukraine.

from BBC News - Business https://ift.tt/nH2ZjPN

Why are energy bills so high and when should I take a meter reading?

Electricity and gas bills for a typical household will go up £693 a year in April.

from BBC News - Business https://ift.tt/f5HdPoE

P&O Ferries: UK plans to block ferries that don't pay minimum wage

Grant Shapps has set out new industry measures after the sacking of 800 P&O Ferries staff.

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

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.

Germany warns on gas supply over Russia payment row

Germany takes the first step towards gas rationing as a payments row with Russia escalates.

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

Call to spend or deposit £20 and £50 paper notes

People are being urged to spend or deposit paper notes as they are replaced with plastic ones.

from BBC News - Business https://ift.tt/rL9jkMI

Firms must choose between Russia and West, says US

Wally Adeyemo, a top US politician, says the West is committed to issuing more sanctions on Russia.

from BBC News - Business https://ift.tt/5SRI1xf

Heathrow strike expected to hit Easter holidaymakers

Baggage maintenance engineers intend to walk out between 8 and 10 April in a row over pay.

from BBC News - Business https://ift.tt/Dg0eByu

Full fuel duty cut not being passed on to drivers

Big retailers have passed on the 5p per litre cut, but smaller forecourts have yet to re-stock.

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

UK seizes first superyacht in British waters

The £38m yacht, named Phi, is owned by an unnamed Russian businessman, the government says.

from BBC News - Business https://ift.tt/4ziVFdg

Decathlon backtracks on Russia after boycott calls

The sporting retailer has halted its business in Russia after criticism of its decision to stay.

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

Waitrose in row with Asda over 'Just Essentials' budget range

Rival supermarket Waitrose says its own similarly-named discount brand "Essential" range is trademarked.

from BBC News - Business https://ift.tt/I0XWBcC

Universal Credit: Chancellor defends decision not to boost benefits

Rishi Sunak tells MPs he gave "targeted support to those who need it most" in last week's Spring Statement.

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

Cadbury shrinks size of Dairy Milk sharing bar

Despite the size of the chocolate bar getting 10% smaller, the £2 price tag will remain.

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

Eagle and Sunak on poverty claims after Spring Statement

Rishi Sunak says his Spring Statement measures are a "progressive" package that will not add to inflationary pressures.

from BBC News - Business https://ift.tt/IhHLj23

Energy strategy delayed amid Treasury concerns over costs

The PM promised the plan "in days" in early March, but the BBC understands the Treasury is worried about costs.

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

Sainsbury's urged to up pay to match cost of living

A group of investors wants the supermarket to ensure pay covers the rising cost of living.

from BBC News - Business https://ift.tt/n8RPjpb

Government no longer majority owner of NatWest

The Treasury sells £1.2bn of shares back to NatWest Group after it bailed out the bank in 2008.

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

Shanghai Covid: Oil prices slide after city starts lockdown

The nine-day lockdown of Shanghai is China's largest since the coronavirus outbreak began.

from BBC News - Business https://ift.tt/olAvp70

Big regional divide on some energy bill charges

Rises in standing charges on electricity bills will vary significantly according to where people live.

from BBC News - Business https://ift.tt/rqsJ6Qo

Ferry firms to meet officials over P&O fallout

Bosses from DFDS and Stena Lines will meet transport officials to discuss P&O's sacking of staff.

from BBC News - Business https://ift.tt/Dsfp6w7

M&S sorry after shopper got 100 wrong parcel texts

Marks & Spencer apologises for sending customers photos and locations of other people's parcels.

from BBC News - Business https://ift.tt/qWRLG0N

Canada pledges to help countries stop using Russian oil

Canada says its can provide more oil, gas and uranium to help solve the global energy crisis.

from BBC News - Business https://ift.tt/EF7Kn8L

Ukraine war: Chernobyl’s vodka producer remains defiant

A company that produces Chernobyl’s ‘Atomik vodka’ releases new products, donating profits to Ukraine's refugees.

from BBC News - Business https://ift.tt/alL7wtr

Sizewell C nuclear power station: Government to take 20% stake

French developer EDF will also take a 20% stake in the £20bn power station at Sizewell, in Suffolk.

from BBC News - Business https://ift.tt/6neS54M

P&O Ferries: Protests at ports against sackings

There are safety concerns over using cheaper replacement crews, as one ship is found to be "unfit to sail".

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

'Fraudsters stole everything, even my house'

Pensioner Graeme Stagg says that fraudsters destroyed his life by taking everything.

from BBC News - Business https://ift.tt/4h9FZiY

Spotify stops streaming in Russia over safety concerns

New laws threaten jail for people accused of spreading "fake news" about Russia's armed forces.

from BBC News - Business https://ift.tt/1LZ8OlB

P&O Ferries: RMT union raised concerns over Irish Ferries last year

The government's response to Irish Ferries' use of cheap labour was smaller than its response to P&O Ferries.

from BBC News - Business https://ift.tt/X4pU6lk

Rishi Sunak denies link to Russia through firm part-owned by wife

An Indian software giant part-owned by the chancellor's wife has kept its presence in Moscow.

from BBC News - Business https://ift.tt/6FKW3h0

Electric car chargepoints to rise 10-fold by 2030 says DfT

The number of chargepoints will be five times more than the number of fuel pumps today, DfT says.

from BBC News - Business https://ift.tt/Ral97Vj

US jobless claims at lowest level since 1969

The last time the jobless claims were this low America landed a man on the moon. But is the economy headed back to the 1970s?

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

Spotify paid 130 artists more than $5m last year

The Swedish streaming company also reveals it handed out $7bn to the music industry last year.

from BBC News - Business https://ift.tt/q2AG73s

Uber to list New York City yellow taxis in app

The partnership with a former foe comes as the company faces a driver shortage.

from BBC News - Business https://ift.tt/1Y0uNZQ

P&O Ferries: Not consulting on job cuts broke law, boss admits

Peter Hebblethwaite admits P&O should have consulted unions before sacking 800 ferry workers.

from BBC News - Business https://ift.tt/MUAz26N

Funeral firm collapses leaving fears over payments

Safe Hands, which has 45,000 customers in the UK, sold funeral plans that may no longer be honoured.

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

Small business owners: 'We're taking the hit'

Many entrepreneurs are struggling to balance soaring costs and keep their businesses profitable.

from BBC News - Business https://ift.tt/RkYDn6T

Goldman Sachs boss David Solomon set to DJ Lollapalooza

Goldman Sachs boss David Solomon will play the four-day music festival in Chicago.

from BBC News - Business https://ift.tt/C6rN78Z

Spring Statement: Key points at a glance

The chancellor laid out his Spring Statement amid a cost of living squeeze. Here's what you should know.

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

Spring Statement: Rishi Sunak vows to cut income tax before 2024 election

The chancellor also unveils a 5p fuel duty cut - but Labour says it is not enough to tackle the cost of living crisis.

from BBC News - Business https://ift.tt/WdlmgM6

Fuel duty cut by 5p a litre to help motorists

The cut will come into force at 6pm on Wednesday as drivers struggle with record fuel prices.

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

Nestle pulls KitKat and Nesquik out of Russia

The Swiss food giant drops some popular brands, but will still sell baby food and medical nutrition.

from BBC News - Business https://ift.tt/3Yn8QZf

UK growth forecasts slashed due to Ukraine war

Economic forecaster says there is an "unusually high uncertainty" over outlook because of the Ukraine war.

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

PM: 'It looks like P&O mass sackings broke the law'

Boris Johnson says P&O Ferries could face fines of "millions" after sacking 800 staff suddenly.

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

Flybe to resume flights and operations in April

The carrier, which collapsed two years ago, is now based in Birmingham and will operate 23 routes.

from BBC News - Business https://ift.tt/2R1VGJ8

Ukraine: Oligarch says he ditched mansions before sanctions

Alisher Usmanov put luxury homes into trusts, raising questions about whether sanctions will work.

from BBC News - Business https://ift.tt/Z6u4ksn

Petrol prices stabilise after weeks at record highs

Average petrol prices fall slightly from record high of £1.67 per litre, the RAC says.

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

Cost of living: 'It feels like I'm being priced out of existence'

Some disabled people say they are switching off their heating to cope with spiralling energy bills.

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

Postmasters who exposed scandal to be fully compensated

The government will compensate workers who exposed the Post Office IT scandal but missed out on full payouts.

from BBC News - Business https://ift.tt/qBCc0l6

Why is petrol so expensive and what is fuel duty?

UK fuel prices are at record highs and there are calls for the government to act.

from BBC News - Business https://ift.tt/A63pBLj

New P&O crew on less than £2 an hour, union claims

The RMT union says Indian seafarers recruited to work in Dover are on rock bottom rates.

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

UK government mulls move to take over Gazprom unit

The BBC understands that the UK division of Russian gas giant Gazprom could be placed into administration.

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

Spring Statement: What to expect on fuel, pensions and benefits

The Ukraine war and rising living prices means Rishi Sunak faces pressure to take fresh action to help.

from BBC News - Business https://ift.tt/acf617L

Cost of living worries: Unions push further on pay as inflation soars

Any pay increase that still falls short of price rises means a cut for workers, a union boss says.

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

Moscow stock market reopens for some bond trading

Trading in bonds issued by the Russian government has restarted but other business remains suspended.

from BBC News - Business https://ift.tt/dTm6Kxj

Free-range eggs no longer available in UK due to bird flu

The amount of time hens have been kept indoors due to bird flu means eggs will now be labelled "barn eggs".

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

Democrats may include tax cut that benefits wealthy Americans in Biden's huge spending plan

Democrats may include tax cut that benefits wealthy Americans in Biden's huge spending plan



A coalition of moderate Democrats is aiming to repeal a Trump-era limit on state and local tax deductions as part of President Biden's signature spending plan, teeing up a showdown with progressives who say doing so would amount to a huge tax cut for the rich.

Google to provide $20M in career support for military families, veterans

Google to provide $20M in career support for military families, veterans



Google is set to provide $20 million in grant funding and donations to support economic empowerment for veterans and the military community.

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.

'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

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.

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.

Saudi Aramco ramps up investment to boost production

The state energy firm Saudi Aramco said it would increase investment after profits more than doubled in 2021.

from BBC News - Business https://ift.tt/Sq9Mz4b

P&O Ferries' sackings were appalling, says Sunak

The government is examining the legality of the ferry firm's actions, the chancellor confirms.

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

P&O Ferries' job cuts a 'PR disaster', say experts

Communications experts say P&O Ferries' move to sack 800 staff was 'how not to handle a difficult situation'

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

'I sent my brother flak jackets, helmets and boots'

The east London chef sending protective equipment to Ukraine's soldiers.

from BBC News - Business https://ift.tt/Iozd6bh

P&O Ferries sackings: Government to review contracts with ferry firm

Transport Secretary Grant Shapps has written to the firm about the treatment of staff who lost their jobs.

from BBC News - Business https://ift.tt/pJuO0G9

Are the P&O Ferries sackings legal?

P&O has been widely criticised for sacking 800 employees - but are its actions illegal?

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

P&O Ferries security ‘treated staff like criminals’

P&O Ferries crew "felt intimidated" by security and "were treated like criminals" when they lost jobs

from BBC News - Business https://ift.tt/5eAynHV

P&O: Agency worker describes Cairnryan 'mystery bus tour'

Mark Canet-Baldwin was driven to a P&O dock and says he was kept in the dark about the situation.

from BBC News - Business https://ift.tt/TY4inPb

Airline giant Delta warns oil increases mean higher ticket prices

The jump in oil prices since Russia invaded Ukraine is set to lead to higher airfares.

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

Ukraine war: Fraudsters exploit crisis to steal money

Fraudsters are masquerading as victims of the war in Ukraine to trick people into sending money.

from BBC News - Business https://ift.tt/9kEV3lT

Interest rates rise again to counter higher prices

Bank of England increases rates for the third time in four months as the cost of living rises.

from BBC News - Business https://ift.tt/e201GU3

P&O cancels services and tells ships to stay in port

Ferry operator says it isn't going bust, but a union warns hundreds of staff could be sacked.

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

Ukraine war could hit global growth, OECD warns

The organisation warns the conflict in the region could reduce global economic growth by more than 1%.

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

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

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

from BBC News - Business https://ift.tt/Et4koGL

Why your fish and chips may cost a lot more

The conflict in Ukraine is a long way from the UK but it means fish and chip shops are seeing prices soar.

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

Oil prices fall as data shows big build in US inventory

Oil prices fall as data shows big build in US inventory

US central bank raises interest rates for first time since 2018

The Federal Reserve raises rates despite Ukraine uncertainty to try to curb soaring inflation.

from BBC News - Business https://ift.tt/q5oYa84

Lloyd's of London fines insurer Atrium over initiation games

Atrium Underwriters admits three charges relating to bullying and misconduct on 'boys' nights out'.

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

Cost of living: Consumers urged to take up workplace perks

An estimated 10 million people can access discount schemes at work but may not use them, research suggests.

from BBC News - Business https://ift.tt/F8tlmeq

Diesel up by 2p in a day amid global oil concerns

Russia's invasion of Ukraine has rocked global oil prices and pushed up the cost of fuel in the UK.

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

Parler CEO on Facebook rebrand, Trump’s social media platform

Parler CEO on Facebook rebrand, Trump’s social media platform



Parler CEO George Farmer reacts to Zuckerberg’s unveiling of ‘Meta’ and former President Trump’s new social media platform called Truth Social.

Apple, Amazon earnings prove real dollars being influenced by 'lack of access': Expert

Apple, Amazon earnings prove real dollars being influenced by 'lack of access': Expert



Third Bridge TMT global sector lead Scott Kessler says Apple and Amazon earnings fell below estimates due to supply chain issues.

Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO

Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO



Cornerstone Wealth CIO Cliff Hodge argues that supply chain disruptions have impacted earnings for some of the best-run companies.

What to keep an eye on ahead of Apple, Amazon earnings

What to keep an eye on ahead of Apple, Amazon earnings



Starship Capital managing partner John Meyer and Neuberger Berman senior research analyst Daniel Flax discuss what's weighing on earnings.

Facebook early investor: Metaverse rollout thrown together in 'desperation'

Facebook early investor: Metaverse rollout thrown together in 'desperation'



Elevation Partners co-founder Roger McNamee says the social media giant's latest business venture is a distraction from recent revelations.

Fears Russia will not be able to pay its debts mount

The country may be about to default on its debts as Western sanctions over Ukraine bite.

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

Ukraine war: Russia's ex-president among 370 new UK sanctions targets

Dmitry Medvedev and President Vladimir Putin's spokesman are among those to be hit with asset freezes and travel bans.

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

Cost of filling petrol family car rises above £90

The RAC calls on retailers to start passing on falling wholesale prices to consumers.

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

Wilko sorry for saying staff could work with Covid

The retailer says it made a mistake by telling staff they could continue to work if they tested positive.

from BBC News - Business https://ift.tt/bHY0w4X

UK government set to scrap all travel rules for England

Ministers are set to scrap all rules for arrivals into England, including for unvaccinated passengers.

from BBC News - Business https://ift.tt/V7OfzMa

Petrol prices set to ease after hitting record highs

Fuel prices are expected to peak this week before falling due to the price of oil dropping globally.

from BBC News - Business https://ift.tt/cHpK2JV

Inflation: Sports bras in, doughnuts out of cost of living measure

Pet collars and frozen Yorkshire puddings are other goods now used to measure changes in the cost of living.

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

Cost of living: Food boss says prices could rise by up to 15%

The boss of food firm 2 Sisters warns prices will jump as a result of the war in Ukraine.

from BBC News - Business https://ift.tt/1JWuS7r

Ukraine crisis: US warns China against helping Russia

US officials say Russia asked China for military support and help in evading sanctions.

from BBC News - Business https://ift.tt/MwvoO2m

Delaying National Insurance rise would be 'no problem'

Sir Charlie Bean, who recently left the Office for Budget Responsibility, says the move could be delayed.

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

'Young people may have 10-plus careers in their lifetime'

A charity competition is encouraging school kids to get entrepreneurial and make their own products.

from BBC News - Business https://ift.tt/uONl7WM

Energy boss: US gas exports can 'easily' replace Russian

The CEO of the largest natural gas company in the US says American exports to Europe can 'easily' replace Russian supply

from BBC News - Business https://ift.tt/G3JB9tf

Unions warn of job losses if rail firms close ticket offices

Train operators are talking to unions about how to address job changes in a bid to modernise the railways

from BBC News - Business https://ift.tt/oOA1UNq

Big UK firms in push to give Ukraine refugees jobs

A consortium of businesses is in talks with the government over jobs for Ukraine refugees.

from BBC News - Business https://ift.tt/FTj5p0Y

Russia sanctions: How the measures have changed daily life

Prices are rising in Russia and some goods are harder to buy. Here are ways sanctions are affecting daily life.

from BBC News - Business https://ift.tt/ns6B7Ug

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.

Boss accused of defrauding blind workers' pensions

Blind staff at failed 168-year-old business say they are owed pay, redundancy and furlough money.

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

Facebook unveils new name as company dives deep into metaverse

Facebook unveils new name as company dives deep into metaverse



As Facebook plans to go all in on the metaverse, a virtual reality space where users can interact with each other in a computer-generated environment, the tech giant has announced it will take on a new name: Meta.

Bitcoin cash machines ordered to shut down in UK

The Financial Conduct Authority warns that all crypto-ATMs in the UK are operating illegally.

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

US to ban Russian diamond and vodka imports

US President Joe Biden also says there are plans to revoke Russia’s status as an equal trade partner.

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

War in Ukraine: Instagram banned in Russia over 'calls to violence'

Instagram owner Meta has allowed users in some countries to call for violence against Russia's army.

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

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.

Petrol price hits new record above £1.60 a litre

As fuel prices reach fresh highs, one coach travel business says some services are becoming unviable.

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

Heathrow passenger numbers remain nearly 50% down

The industry is slowly recovering from the impact of Covid, but warns more difficulties are to come.

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

The risk management experts now in high demand

Covid-19 and now Ukraine have seen firms rush to hire experts in planning for crisis.

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

Rising fuel and food costs push US inflation to 7.9%

The cost of living in the US is rising more rapidly than it has in 40 years, latest figures show.

from BBC News - Business https://ift.tt/Ce091ry

Russia hits back at Western sanctions with export ban

Russia will halt exports of cars, medical equipment and other goods until the end of 2022.

from BBC News - Business https://ift.tt/z1u93kE

Uniqlo owner U-turns and suspends operations in Russia

The Japanese retailer says it will temporarily halt operations as the conflict in Ukraine worsens.

from BBC News - Business https://ift.tt/B9MGDeF

Farmers warn Ukraine war will hit UK food prices

Farmers are calling for urgent government action to help them produce enough to feed the nation.

from BBC News - Business https://ift.tt/4u1Bh8E

John Lewis restores bonus as department store sales surge

The retailer is bringing back staff rewards after being forced to scrap them last year amid losses.

from BBC News - Business https://ift.tt/pUw9Ver

Use Russian money to rebuild Ukraine, says bank chief

In BBC interview Ukraine central bank boss proposes long list of extra financial sanctions on Russia

from BBC News - Business https://ift.tt/a18lm7g

Huawei board members resign over silence on Ukraine

The two directors are unhappy about the the company's failure to quickly condemn Russia's invasion.

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

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.

Oil prices plunge as UAE supports supply boost

The move could ease a supply crunch as the West and allies shun Russian oil.

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

Will the US crack down on cryptocurrency?

The US is eyeing new rules for cryptocurrencies as concerns rise about the fast-growing industry.

from BBC News - Business https://ift.tt/f5C7SZr

Jack Monroe says families need urgent help with rising bills

Price rises due to the Ukraine war will hit low income families hardest, Jack Monroe tells MPs.

from BBC News - Business https://ift.tt/Bd7ewpK

Can tech help revive India's 'crumbling' health system?

Indian doctors hope big investment and smart tech will improve a fragmented healthcare sector.

from BBC News - Business https://ift.tt/Ea70x2d

Greggs warns of further price increases

Higher raw material, energy and staff costs could trigger another round of rises, the bakery chain says.

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

War in Ukraine: World Bank approves $723m financial package

The package of financial support for Ukraine includes a $100m pledge from the UK.

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

Government rescue of Bulb Energy set to cost taxpayers billions more

A buyer hasn't been found for the ailing supplier, so the the taxpayer will have to keep funding it.

from BBC News - Business https://ift.tt/bFZN1y9

The sophisticated tech predicting if an advert will work

Ad-testing firms are using real-time software, webcams to find out if ads resonate with customers.

from BBC News - Business https://ift.tt/9BuhQMk

Kroger, like Walmart, hit by fake crypto press release

Kroger, like Walmart, hit by fake crypto press release



Kroger says it was hit with a fake press release falsely claiming the nationwide grocer would be accepting Bitcoin Cash

McDonald's and Coca-Cola boycott calls grow over Russia

Food and drink giants have been criticised on social media for failing to speak out on Ukraine's invasion.

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

Lord Barker resigns from Russian oligarch-linked firm EN+

The Conservative peer steps down from EN+, which is majority-owned by Oleg Deripaska.

from BBC News - Business https://ift.tt/an4FdPo

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.

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.

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.

Tennessee Gov. Bill Lee names two officials to oversee Ford 'Blue Oval City' development

Tennessee Gov. Bill Lee names two officials to oversee Ford 'Blue Oval City' development



Tennessee Gov. Bill Lee unveiled a pair of appointments to the Megasite Authority of West Tennessee, the newly created entity tasked with overseeing the development of Ford Motor Company’s planned mega-campus near Memphis.

Pelosi: Paid leave added back into Biden social spending bill

Pelosi: Paid leave added back into Biden social spending bill



House Speaker Nancy Pelosi informed Democratic lawmakers Wednesday that a paid leave provision will be added back into President Biden’s social spending bill, a decision that could draw the ire of moderate holdouts, including Sen. Joe Manchin, W-Va.

Shell defends 'difficult' decision to buy Russian crude oil

The oil giant confirmed it made a purchase of Russian crude oil on Friday but said it had "no alternative".

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

Miami mayor to accept salary in bitcoin: 'We're not going to be enforcing it'

Miami mayor to accept salary in bitcoin: 'We're not going to be enforcing it'



Miami Mayor Francis Suarez explains what prompted him to want to accept his entire salary in bitcoin.

Visa and Mastercard suspend Russian operations

The payments giants are pulling out of the Russian market in protest at its invasion of Ukraine.

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

News Corp profit surges on gains in real estate, book publishing, news media

News Corp profit surges on gains in real estate, book publishing, news media

Democrats' spending bill could give four weeks of paid leave to people without jobs

Democrats' spending bill could give four weeks of paid leave to people without jobs



The provision in question is buried deep in the bill sewn together by House Democrats as they desperately try to get legislation across the finish line after a GOP trouncing at the polls on Tuesday.

Zara, Paypal and Samsung suspend business in Russia over Ukraine invasion

Inditex, which owns Zara and several other major brands, will close all of its 502 stores in Russia.

from BBC News - Business https://ift.tt/mW7zU1b

Facebook hits out at Russia blocking its platforms

The Russian communications regulator said on Friday that Facebook has been blocked in the country.

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

Microsoft stops selling products in Russia

The tech giant will no longer sell products and services there following the invasion of Ukraine.

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

Ukraine finance minister calls for 'severe' sanctions

Serhiy Marchenko told the BBC that he had asked G7 leaders for more punitive sanctions to be introduced.

from BBC News - Business https://ift.tt/m73o0dL

Supermarkets remove Russian vodka from shelves

Sainsbury's also announces it will rename chicken Kiev as chicken Kyiv in support of Ukraine.

from BBC News - Business https://ift.tt/LcWml09

US jobs growth stronger than expected

The economy added 678,000 jobs last month and the unemployment rate fell to 3.8%, official figures show.

from BBC News - Business https://ift.tt/fQuW8JM

Price of first class stamps to rise to 95p

Royal Mail says letter deliveries are continuing to decline, but operating costs are going up.

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

The bosses helping staff pay their soaring energy bills

With the cost of electricity and gas set to rise further, some firms are giving workers a pay rise.

from BBC News - Business https://ift.tt/awY2qW5

Biden targets Russian elite with new sanctions

President Putin's spokesman is one of the latest Russians targeted in the new round of sanctions.

from BBC News - Business https://ift.tt/P0UOj2w

Ukraine: UK sanctions oligarchs Alisher Usmanov and Igor Shuvalov

Billionaire Alisher Usmanov and Russian ex-Deputy Prime Minister Igor Shuvalov face UK sanctions.

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

Bet365 boss Denise Coates gets £300m pay package - a £170m cut

Billionaire Denise Coates, founder of gambling firm Bet365, takes a £170m cut in pay and dividends.

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

Ukraine giant tells world don't buy Russian oil

The boss of Ukraine's largest energy firm, Naftogaz, says Russian sanctions should be stronger.

from BBC News - Business https://ift.tt/v4zpbdr

Ladbrokes owner Entain repays some furlough after outcry

An MP says it is "shameful" that Entain is not repaying all of the money, despite soaring profits.

from BBC News - Business https://ift.tt/p2m9x3J

Russian oligarchs super yachts seized

The move comes amid a warning Russians are moving money out of the UK ahead of sanctions being imposed.

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

Jerome Powell: US central bank boss says he plans to raise rates

The US central bank is under pressure to rein in inflation as prices in the US rise at the fastest rate in 40 years.

from BBC News - Business https://ift.tt/2xAh7uv

Ukraine conflict: JCB announces pause in business with Russia

The UK firm, which acted after Ukraine's invasion, has an office and factory in the Moscow area.

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

Ryanair boss: Air fares will be higher this summer

Soaring oil prices and Covid effects will push up air fares this summer, says Michael O'Leary.

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

Oil and gas surge sparks fears over new bill rises

Oil and gas prices continue to march upward as Western nations clamp down on major producer Russia.

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

House prices see record cash rise, says Nationwide

The building society says the cost of a typical UK home rose by a record £29,162 in the last year.

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

UK ports 'working at pace' to block Russian ships

Russian ships are diverting, are at anchor, or are being packed up after UK bans them from docking.

from BBC News - Business https://ift.tt/O1BaFpP

Shop prices rise at fastest rate in over ten years, says BRC

In February, shop prices rose at their fastest rate in over a decade according to one industry group.

from BBC News - Business https://ift.tt/Prxkt58

Apple to halt sales and limit services in Russia

Apple is the latest firm to stop selling products in Russia and will limit Apple Pay and other services.

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

Ship carrying 4,000 luxury cars sinks off the Azores

A ship carrying thousands of luxury cars has sunk nearly two weeks after it caught fire.

from BBC News - Business https://ift.tt/Xp7lJSb

Russian oligarch Fridman warns sanctions will not stop war

But Mikhail Fridman avoids criticising President Putin as it could be risky for himself and staff.

from BBC News - Business https://ift.tt/4qjn0IV

Sainsbury’s to close 200 cafes putting 2,000 jobs at risk

The retailer said about 2,000 members of staff would be affected by the cafe closures next month.

from BBC News - Business https://ift.tt/wZdY6yQ

Ukraine conflict: Shares fall as Russia warned it faces collapse

Europe's stock markets fall as France's finance minister says the West is waging economic and financial war.

from BBC News - Business https://ift.tt/cTYn6K8

Ukraine invasion: Russians feel the pain of international sanctions

Russians are starting to feel the effect of sanctions aimed at punishing the country for invading Ukraine.

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

Ukraine conflict: Jaguar Land Rover pauses car sales to Russia

The move comes as major companies cut links with Russia after its invasion of Ukraine.

from BBC News - Business https://ift.tt/FVX3w5l