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Saturday, April 30, 2022

Buyers revive interest in city flats after return to office

Interest in flats is overtaking demand for terraced homes with the return to office work, research suggests.

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Friday, April 29, 2022

Chancellor breaks pledge on energy bills

Rishi Sunak said a £150 council tax rebate would be paid "in April" but guidance now says "from April".

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Amazon sell-off ends dismal month for US shares

Major US stock indexes took a slide in April, with the tech-heavy Nasdaq seeing its worst month since 2008.

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Russia says it has made payments to avoid debt default

Moscow has paid interest on foreign bonds in dollars but admits there are "difficulties with payments".

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


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



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

Prepay energy customers disconnect over price rises

A record number of households have stopped topping up their pay-as-you go meters, Citizens Advice says.

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Sunflower oil substitutes named by food watchdog

Supply shortages mean products may contain palm, coconut or soybean oils, says standards agency.

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OMV: Austria energy firm mulls Russia rouble demand

A major importer of Russian gas must decide by May whether to use a controversial payment system.

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House prices up 12% but rises expected to slow, says Nationwide

In all but one month of the past year, annual property price growth has been over 10%, the Nationwide says.

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Thursday, April 28, 2022

Twitter adds 30 million new users in run up to Musk sale

Thirty million new users have joined in the last year, says Twitter, as it prepares for new ownership.

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Bitcoin price turns around snapping recent skid


Bitcoin price turns around snapping recent skid





Stock futures trade higher ahead of October jobs report


Stock futures trade higher ahead of October jobs report





Airbnb reports $834M profit as revenue soars


Airbnb reports $834M profit as revenue soars





Boeing shareholders reach settlement in 737 MAX board oversight suit


Boeing shareholders reach settlement in 737 MAX board oversight suit





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





P&O ferry European Causeway back in service after inspection

The European Causeway spent hours adrift on Tuesday after losing power off the County Antrim coast.

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Wednesday, April 27, 2022

Silly to boost support on energy bill now, says chancellor

Asked by Mumsnet if he would provide more help with energy costs, the chancellor said he wanted to wait.

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Grant Shapps pledges to crack down on illegal e-scooter sales

Legislation to allow approved e-scooters on public roads in England could be introduced next month.

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Boeing: Plane-maker reveals losses from Trump Air Force One deal

The US plane-maker reveals costs from the deal former US President Donald Trump renegotiated.

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Ukraine War: Russia trying to divide allies using gas - Poland

Russian energy giant Gazprom cuts supply to Poland and Bulgaria for refusal to pay in roubles.

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Sanjeev Gupta's Liberty Steel offices raided

The Serious Fraud Office has raided addresses across Britain during the ongoing investigation.

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Tuesday, April 26, 2022

Four ways Elon Musk might change Twitter

After the billionaire struck a deal to buy the site, speculation has begun over what the future holds.

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New Brexit rules caused major shock to UK-EU trade - report

A new study found that imports from the EU fell by 25% relative to those from elsewhere.

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Ukraine war to cause biggest price shock in 50 years - World Bank

Ukraine is pushing up prices of commodities including food, cotton and energy, the World Bank says.

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P&O ferry European Causeway docks after losing power in Irish Sea

The European Causeway, which can carry 410 passengers, spent hours adrift off the coast of Larne.

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Boris Johnson wants to relax safety rules to cut childcare cost

The plan is part of a government drive to reduce living costs, amid rising prices for fuel and food.

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Lidl offers store finder's fee in fight for new customers

The move comes as the chain continues its UK expansion, with competition among supermarkets intensifying.

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Monday, April 25, 2022

Twitter shares rise as reports say Elon Musk deal close

The social media giant is reported to be in the final stages of a takeover deal with Elon Musk.

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P&O Ferries hits back at staff pay cut claim

The firm says it has not asked recently-employed agency workers to sign new contracts with reduced wages.

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Stock markets tumble over China lockdown fears

Shares drop in Europe and Asia as Covid cases in Beijing raise the prospect of supply chain disruption.

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Price rises trigger shift from saving to borrowing

More people are unable to save than at any time in the past two years, official figures suggest.

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Live music revenue fell again in 2021, despite gigs returning

Royalties for live music were down almost 30% last year, but a recovery is on the horizon.

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Isles of Scilly's last remaining bank closes

Lloyds Bank is closing on Monday with customers being told to use the Post Office instead.

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Nissan signals the end of the road for Datsun cars

The Japanese firm previously called the range of cars "an important part of Nissan's DNA".

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Sunday, April 24, 2022

Twitter board meets Musk to discuss bid, reports say

How the Tesla boss plans to finance his offer reportedly made the board seriously consider a deal.

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Morrisons cuts prices of 500 items as inflation soars

The supermarket, which is under threat from discounters like Aldi, says it wants to help struggling shoppers.

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Airlines should be fined for refund delays, MPs say

Passengers hit by international travel disruption should be better protected, a report concludes.

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Why Argentina is embracing cryptocurrency

The nation that has seen economic trauma is open to the possibility of alternative money like Bitcoin.

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P&O forced to reverse attempt at pay cut

The ferry firm had asked recently-employed agency workers to sign new contracts with reduced wages.

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Saturday, April 23, 2022

'My negative online review was blocked'

Regulators are trying to clean up the murky truth in online reviews.

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Friday, April 22, 2022

Post Office scandal victims still waiting for compensation

A year since the first subpostmasters overturned wrongful convictions, most still await a financial settlement

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P&O Ferries: Spirit of Britain cleared to sail after inspection

Another ferry is found to have issues that need fixing before it can sail again.

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Supermarkets set limits on sale of cooking oil

Tesco joins Waitrose and Morrisons in limiting purchases as supplies are hit by the conflict in Ukraine.

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Pension fraudsters jailed after £13m scam

Victims have lost a lifetime's pension savings, telling the BBC they have little hope of retiring.

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Carlos Ghosn 'surprised' by arrest warrant reports

The former car boss was surprised by an international arrest warrant issued against him, his spokesperson said.

from BBC News - Business https://ift.tt/bUKw4nN

Thursday, April 21, 2022

Have we seen peak Netflix?

The streaming giant is losing subscribers despite huge hits like Squid Game and Bridgerton.

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Florida lawmakers have stripped Disney of special tax status

Governor Ron DeSantis has taken aim at Disney over its opposition to the so-called Don't Say Gay bill.

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Whisky and visas could be part of a UK-India trade deal

Boris Johnson is hoping to strike a free trade deal with India within months.

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Work from home to beat Putin, says EU

Plan urges citizens to cut energy use to reduce money flowing to Russia

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Appointment-only late afternoon banking at Santander

Branches will only be open until mid-afternoon, after which customers will need a booking, the bank says.

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Wednesday, April 20, 2022

Tesla profits soar as customers pay more

Elon Musk's Tesla has raised prices for its electric cars as it faces higher costs.

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Germany to stop Russian oil imports by end of this year

Germany currently gets a quarter of its oil and 40% of its gas from Russia

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


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



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

Rail worker strike would be 'biggest' in history, says RMT

The RMT union claims Network Rail's plans to cut up to 2,500 jobs will make accidents more likely.

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Russian oligarch lambasts country's 'massacre'

Businessman Oleg Tinkov, is one of the most high profile Russians to publicly condemn the war.

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'Catastrophic winter' warning without help on energy bills

Soaring energy bills will cause problems without fresh help for those struggling, bodies have warned.

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Tuesday, April 19, 2022

Fake reviews to be illegal under new rules

The government has also announced people will be able to opt out of subscriptions more easily.

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Netflix loses subscribers for first time in more than 10 years

The firm lost 200,000 members in the first three months of the year.

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P&O Ferries: Agency staff sacked after breaching alcohol guidelines

P&O said the workers, who replaced sacked UK seafarers, returned from shore in breach of the rules.

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UK set for slowest growth in G7 as Ukraine war hits global economy

The Ukraine war will "severely set back" global growth with the UK hit harder than most, the IMF says.

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Energy firms urge more help for people struggling with bills

Four major energy firms warn more people will struggle to pay energy bills unless the government intervenes.

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Fridge-freezer prices up by 30%, says retail boss

White goods prices are up a third since last year and set to climb higher, says Appliances Direct boss.

from BBC News - Business https://ift.tt/y9xHqYz

Monday, April 18, 2022

Rail ticket sale launched as travel costs criticised

The move was announced to boost numbers on trains, which have not yet returned to pre-pandemic levels.

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Calls grow for free or low-cost Covid tests to keep staff safe

One trade body suggests three quarters of its members have had staff off sick in the last month.

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

Apple staff make bid for first union at a US store

Employees must get signatures from 30% of staff at New York's Grand Central Station for a union election.

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Alex Jones' Infowars files for bankruptcy after defamation suits

It will complicate efforts to make him pay damages in lawsuits over Sandy Hook conspiracy theories.

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Emirates will keep flying to Russia unless its owner stops it

It is one of a few airlines still operating in Russia after most pulled out over the war in Ukraine.

from BBC News - Business https://ift.tt/FsnOE73

Households cancel streaming services to cut costs, report says

The rise in the cost of living has led to more households cutting their subscription services.

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Sunday, April 17, 2022

Shanghai lockdown: China spending and employment hit

Official figures also showed the world's second largest economy grew at a faster pace than expected.

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Why I didn't use my real name at work

Should you change your name to fit in at work? We look at why some people have anglicised their names.

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Christmas savings clubs money to be protected by new laws

The government wants shoppers' money to be protected even if the scheme they are in goes bust.

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Lumo train passengers' panic after emergency stop

British Transport Police say 15 train passengers reported minor injuries after the emergency stop.

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Next and finance firms buy JoJo Maman Bebe

There will be no immediate job losses at the baby goods retailer, although its founder will step down.

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

Saturday, April 16, 2022

Climate change: 'We're making wine in Norway'

Vineyards are moving further north, but new winemakers say they struggle to be taken seriously.

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Ukraine war: L'Occitane U-turn as it closes Russian shops

The firm says military action in Ukraine means it will shut its shops, having defended staying open.

from BBC News - Business https://ift.tt/7wd4mV9

Council tax rebate: Warning issued over new scam pretending to offer £150

Fraudsters are cold-calling people asking for bank details to receive the £150 rebate, say councils.

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Friday, April 15, 2022

'The Post Office interrogated me for hours'

There are calls to ban the Post Office from bringing private prosecutions following the Horizon IT scandal.

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Twitter's board readies against hostile takeover

The so-called "poison pill" measure is in response to Elon Musk's $43bn cash buyout offer.

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Thursday, April 14, 2022

Elon Musk 'not sure' his takeover bid for Twitter will be successful

The comments came just hours after the Tesla boss revealed a more than $40bn takeover offer for Twitter.

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Coca-Cola Enterprises boss admits taking £1.5m in bribes

Noel Corry, 56, of Cheshire, provided favoured companies with information to help them win contracts.

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Crypto boss says fraudsters have 'special place in hell'

An executive at one of the largest cryptocurrency exchanges hits out at scammers who target the vulnerable.

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Ukraine's President Zelensky to BBC: Blood money being paid for Russian oil

Ukraine's leader tells the BBC that all European countries should have ended Russian energy imports.

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Operation Brock: M20 traffic controls scaled back ahead of Easter

Two junctions are reopening on Friday with more due to reopen overnight, National Highways says.

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BA offers new cabin crew £1,000 'golden hello'

The bonus will only be paid to those who can join before July as the industry battles to find new staff.

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Wednesday, April 13, 2022

Sri Lanka debt default 'has begun', says leading rating agency

The country is scheduled to make $78m of interest payments on its international bonds on Monday.

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'Flooding meant I could only reach my home by boat'

Under a new scheme, money will be available for work on flood-hit properties to prevent repeat damage.

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Beauty firm L'Occitane keeps Russian stores open

The French cosmetics firm will keep its shops in Russia open but says it is "firmly committed" to Ukraine.

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Inflation: Five things driving up prices at record rates

Petrol, furniture, sunflower oil and milk are among the products increasing in price.

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Jersey court seizes $7bn of Roman Abramovich's assets

The Channel Island is the latest jurisdiction to crack down on the Russian billionaire

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Tuesday, April 12, 2022

Warning travel problems could continue into summer

Border force is "chronically under-staffed" and it will take time to train new officers, a union says.

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Sri Lanka warns it will default on its foreign debt amid crisis

The finance ministry said it otherwise had an "unblemished record" of paying its debts since independence.

from BBC News - Business https://ift.tt/l0M8jR2

Pay growth fails to keep pace with cost of living

Basic pay is "falling noticeably" when accounting for price rises, the Office for National Statistics says.

from BBC News - Business https://ift.tt/sd5EDJi

Monday, April 11, 2022

Nepal limits imports as foreign currency reserves slide

Nepal's finance minister said he was "surprised" the issue was being compared with Sri Lanka's crisis.

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Shop sales slow as cost of living pressures build

Sales growth in March slowed due to people tightening their personal budgets, the BRC says.

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Preferred sites for Darlington's 'Treasury North' revealed

During a visit to Darlington, Rishi Sunak said Brunswick and Central Park were the two contenders.

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Priority for fresh goods at Dover not realistic, minister says

Hauliers have warned fresh produce is losing quality and value due to long queues at the port.

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

Sunday, April 10, 2022

Why is there an economic crisis in Sri Lanka?

Sri Lanka's worst economic crisis in 70 years has prompted mass protests against the government.

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

Cost of living worries over rise in benefits and state pension

An increase of 3.1% comes into force but prices are rising faster, leading to warnings from charities.

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DIY waste recycling fees could be scrapped

Ministers want to stop some councils in England charging for the disposal of materials.

from BBC News - Business https://ift.tt/wSimrD2

Energy giant Ineos asks to build fracking test site

The firm has written to the government and says it can demonstrate fracking is safe and secure.

from BBC News - Business https://ift.tt/C2Ycjuy

War to cut Ukraine's economy by almost half

The World Bank forecasts Ukraine's economy will shrink by 45.1% as a result of Russia's invasion.

from BBC News - Business https://ift.tt/Eft0rPT

P&O Ferries: Larne-Cairnryan passenger service facing delay

The European Causeway vessel is suspended for "tourist travel" until Thursday 14 April, P&O tweets.

from BBC News - Business https://ift.tt/4wdVHh1

'I don't want rising bills to mean kids miss out'

Taxes and bills are rising, so how do small businesses - already hit by Covid - think they'll cope?

from BBC News - Business https://ift.tt/C4BOhTf

Rishi Sunak demands inquiry into Akshata Murty tax leak

Akshata Murty will pay UK taxes on all her overseas income after a row over her non-domicile status.

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

Saturday, April 9, 2022

'Real embargo on Russian energy could end Ukraine war'

President Putin's former chief economic advisor told the BBC that Western countries could stop the war.

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

Hauliers fear ruin as produce halted by port delays

Perishable good deliveries are losing quality and value amid congestion at the UK's busiest port.

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Scottish farmers warn of rising costs and food shortages

The Scottish government calls for a summit of UK ministers to discuss the problems facing food producers.

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P&O ferry detained in Larne over safety concerns back sailing

The ship had been held by the Maritime and Coastguard Agency after P&O sacked 800 of its workers.

from BBC News - Business https://ift.tt/RQhtka0

Friday, April 8, 2022

Dover queues 'worst seen since Christmas 2020'

The Kent Resilience Forum said a number of problems have created a "perfect storm" for congestion.

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1MDB scandal: Ex-Goldman Malaysia boss found guilty

Roger Ng had fought the charges that he played a role in the massive 1MDB corruption scheme.

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Kinder chocolate factory told to shut over salmonella cases

Dozens of suspected cases have been reported in countries including the UK, Germany, France and Belgium.

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Akshata Murty: Chancellor's wife could save £280m in UK tax

A tax agreement between the UK and India could offer significant savings on Ms Murty’s inheritance tax bill.

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Ukraine war causes giant leap in global food prices, says UN

The UN says the conflict has spread shocks through markets for grains and vegetable oil.

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Sainsbury's lifts pay after shareholder pressure

The supermarket says all London staff will be paid the Real Living Wage, following calls from investors.

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Thursday, April 7, 2022

House price rise since first lockdown revealed

Strong demand and a lack of homes on the market have pushed up property values, the Halifax says.

from BBC News - Business https://ift.tt/XK6BilD

Oil giant Shell to take £3.8bn hit by leaving Russia

The oil giant pledged to cut ties after it was criticised for buying Russian oil at a cheap price.

from BBC News - Business https://ift.tt/W9ipsc4

Hitachi train cracks report calls for standards review

Hitachi Class 800 and 385 series trains were temporarily taken out of service in May 2021.

from BBC News - Business https://ift.tt/j4xbgk5

Wednesday, April 6, 2022

China lockdowns: Tourism spending plunges over key holiday

Tourism spending over the Qingming festival was more than 30% lower than the same time last year.

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

Will France's 'forgotten' workers get what they want?

Post-election the country's next leader must decide whether to re-invest in heavy industry, or not.

from BBC News - Business https://ift.tt/OUl5Tje

Energy strategy: UK plans new nuclear reactors to boost production

The government wants to boost UK energy production and independence as household bills soar.

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

More Kinder Surprise egg products recalled over salmonella links

Different chocolate egg products have been recalled over a link to UK cases of salmonella in children.

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Ukraine war: Bucha deaths 'not far short of genocide' - PM

Further sanctions against oligarchs and an end to imports of Russian coal and gas are announced by UK.

from BBC News - Business https://ift.tt/SOHq3JX

Oil bosses vow to boost output and deny profiteering

Energy bosses warn there is "no quick fix" to the higher energy costs hitting households.

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

P&O Ferries preparing to restart Dover-Calais route

The firm hopes to get its Pride of Kent and Spirit of Britain ships back in action, subject to inspection.

from BBC News - Business https://ift.tt/RQ04A7q

Farming labour shortage could mean price rises, MPs warn

A report calls for a relaxation on requirements to speak English, and to expand seasonal worker visas.

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

Tuesday, April 5, 2022

Chip shortage: Has Europe's plan arrived too late?

The European Union is investing billions of euros in developing a world-beating chip industry.

from BBC News - Business https://ift.tt/KVz0ks8

Are we entering a 'golden age' for trade unions?

The pandemic has led to an increase in the number of people joining a union to get support at work.

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

Broadband firms 'must do more to promote social tariffs'

The culture secretary says suppliers must do more to promote discounted rates to low-income homes.

from BBC News - Business https://ift.tt/Eju3akZ

Business Secretary Kwasi Kwarteng orders scientific review of fracking impact

Senior Tories are calling for an end to the ban on shale gas extraction to help secure energy supplies.

from BBC News - Business https://ift.tt/e9iwJ1t

Manchester Airport chief stands down after travel chaos

Managing director Karen Smart is to leave, amid criticism of management over long security queues.

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

What are Elon Musk's plans for Twitter?

The Tesla founder has become the social network's biggest single shareholder, and a board member.

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

New rules on gambling adverts ban celebrities and sports stars

Firms will not be able to use stars like footballer Cristiano Ronaldo and Love Island's Chris Hughes.

from BBC News - Business https://ift.tt/b23PmBg

New number plate fails to boost March car sales

The Society of Motor Manufacturers' new data showed UK car sales were at their weakest in 24 years.

from BBC News - Business https://ift.tt/y2dXNEj

Monday, April 4, 2022

Channel 4 privatisation to go ahead

The BBC is told the money made from selling the broadcaster will be reinvested in the TV industry.

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

Cryptocurrency: UK Treasury to regulate some stablecoins

Treasury Minister John Glen says "stablecoins" could be used as a means of payment.

from BBC News - Business https://ift.tt/04lLdeR

Sri Lanka central bank governor submits resignation amid crisis

Ajith Nivard Cabraal's announcement came after all of the country's cabinet ministers resigned.

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

Sunday, April 3, 2022

Tesla delivers record number of cars despite challenges

The electric carmaker delivered more than 310,000 vehicles in the first three months of this year.

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Trump's Truth Social app branded a disaster

Donald Trump's social media platform was supposed to be "fully operational" by the end of March.

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

Price of first class stamps rises to 95p

Royal Mail says it will help cover rising delivery costs, but some have criticised the 11% hike.

from BBC News - Business https://ift.tt/cNZKGv3

Shanghai lockdown: Economy shaken by zero-Covid measures

Shanghai is a major financial centre and port as well as a hub for manufacturing electronics and cars.

from BBC News - Business https://ift.tt/1FS9y7o

EasyJet cancels 100 flights due to Covid absences

The airline cancels scores of flights as UK airports also struggle with high levels of staff absence.

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

Energy rationing not part of UK approach, minister says

Grant Shapps says the policy is "not a route we want to go down" despite pressure on supplies.

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Dover cross-Channel ferry disruption begins to ease

Drivers trying to reach ferries on Saturday saw delays of up to nine hours.

from BBC News - Business https://ift.tt/v6izF1G

Saturday, April 2, 2022

Sunflower oil: UK bottler has a few week's supply left

Makers of oven chips, crisps, ready meals and cereal bars are racing to find sunflower oil alternatives.

from BBC News - Business https://ift.tt/csau6UA

Diesel delivery highlights UK dependence on Russia

Russia supplies nearly a fifth of UK diesel - the UK says it will stop imports by the end of the year.

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

Manchester Airport: More delays blamed on lack of staff

A lack of staff and surging demand with the Easter are blamed for long baggage queues for arrivals.

from BBC News - Business https://ift.tt/j0w3qde

Friday, April 1, 2022

Amazon beaten by workers in fight for unionisation in New York

The Amazon Labor Union won a contest to establish the first unionised Amazon warehouse in the US.

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Infosys: Tech firm part-owned by Chancellor Rishi Sunak's wife closing Russia office

Rishi Sunak has been under pressure over his wife's stake in Infosys, which operates in Russia.

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P&O Ferries faces criminal probe over sackings

The Insolvency Service launches criminal and civil investigations into the recent redundancies.

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Russia says it won't cut off gas supplies yet in rouble payment row

The Kremlin says it won't cut gas supplies to European customers until mid-April at the earliest.

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US job creation remains strong in March

US employers added 431,000 jobs last month and the unemployment rate fell to 3.6%.

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ScotRail goes back into public ownership

An arms-length Scottish government company will take over running the rail franchise from Abellio.

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National Lottery: Camelot launches legal challenge over licence loss

It says the decision to award the National Lottery licence to another operator is "badly wrong".

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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