The number of workers in higher income tax bands has risen by almost two million in three years, says HMRC.
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Thursday, June 30, 2022
Thousands of BT workers vote to strike over pay
The company says it is disappointed and will work to keep the country connected if walk outs go ahead.
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Halifax says pronoun badge critics can close accounts
The bank tells customers who object to pronouns on name badges they are welcome to close their accounts.
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Post Office scandal victims victims to get more money
More than 500 subpostmasters are to get an interim payment from the government worth around £40,000 each.
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Ben & Jerry's criticises resumption of sales in Israeli settlements
The ice cream maker is unhappy with Unilever's deal to continue sales in the occupied West Bank.
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Ghost broking: Young and vulnerable people targeted by insurance scam
There's a warning to "safeguard personal finances against fraud" amidst the cost of living crisis.
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Wednesday, June 29, 2022
Israel welcomes Ben & Jerry's reversal over West Bank settlements
Unilever agrees a deal to continue selling the ice cream throughout Israel and the occupied West Bank.
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Farmers cut food production as costs soar
Soaring costs are forcing farmers to cut back on food and milk production.
from BBC News - Business https://ift.tt/2VFoU...
Boeing shareholders reach settlement in 737 MAX board oversight suit
Boeing shareholders reach settlement in 737 MAX board oversight suit
...
Heinz products off Tesco shelves after pricing dispute
The beans, sauce and soup-maker is pausing supply to the UK's largest supermarket in a wrangle over price rises.
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Steel import tariffs extended for two years
Controls have been extended because of "global disruptions" to energy markets, the government says.
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Nearly five million fewer donating, says charity sector
Nearly five million fewer people are donating in the UK compared to 2019, a survey suggests.
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Tuesday, June 28, 2022
Rail workers outdated, says Transport Secretary
Union rejects comments by Grant Shapps suggesting that updates are needed to railway working practices.
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Poundland boosts £1 products in battle for shoppers
The discount chain says it is seeing a rise in customer numbers as people seek savings.
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UK decides AI still cannot patent inventions
Many experts doubted AI was currently able to invent without human assistance, a consultation found.
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Walgreens abandons Boots sale after market turmoil
The owner of the UK pharmacy chain says no buyer was able to make an adequate offer.
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Camelot says people buying fewer scratch cards as living costs rise
The company says there are signs consumers have "tightened their belts" as living costs rise.
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Businesses urged to slash prices by cost of living tsar
David Buttress will launch a taxpayer-funded campaign after asking business to come up with ideas to help consumers.
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Monday, June 27, 2022
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...
Lower energy bill plan for avoiding peak-time use
Some households could get discounts for using less energy at peak times under National Grid's scheme.
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Landlord warning over tenant eviction laws in Scotland
The Scottish Parliament will decide whether emergency Covid powers should be made permanent.
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Hobbycraft to open three new stores as profits rise
Hobbycraft sees a rise in profits in the 2022 financial year but predicts a "challenging" future.
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Sunday, June 26, 2022
Japan urges 37 million people to switch off lights
Officials have asked people in Tokyo and its surrounding area to turn off lights amid a heatwave.
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G7 summit: Leaders detail $600bn plan to rival China's Belt and Road initiative
The revamped plan will see fresh funds being injected into development projects in Asia and Africa.
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Boris Johnson signals controls on steel imports to stay
The government says the move would protect British producers at a time of rising energy costs.
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Thousands of PwC staff to get 9% pay rise to offset cost of living
The accountancy firm's chairman Kevin Ellis says the company "can't ignore market pressures".
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Roe v Wade: US firms pledge to pay staff travel expenses for abortions
Disney, JP Morgan and Meta are among the companies to confirm such policies after the Roe v Wade ruling.
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Hajj travellers unable to fly due to ticket delay
Some British Muslims who booked pilgrimages to Mecca could not fly after problems with a new system.
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Ukraine war: UK joins ban on imports of Russian gold
The move by the UK, US, Canada and Japan will "strike at the heart of Putin's war machine", the UK PM says.
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Saturday, June 25, 2022
Russia on brink of default as debt deadline looms
The country is close to its first default since 1998 as sanctions block payments to creditors
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Friday, June 24, 2022
Rail strikes: Travellers braced for third day of disruption
People are advised to only travel by train if necessary, with just a fifth of services running.
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Rail strikes: Travel disruptions continue after talks to stop third walkout fail
People are told to make only necessary journeys, with one in five services running on Saturday.
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Row over M&S plan to redevelop flagship store
The government is calling a review of the plans which include a smaller shop, offices and a gym.
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Profit miss and Portnoy allegations taint Penn National shares
Profit miss and Portnoy allegations taint Penn National shares
Penn National Gaming’s stock plunged 21% in trading Thursday following a lukewarm earnings report and the publication of an article accusing Barstool Sports founder Dave Portnoy of sexual misconduct...
Risk of further BA strikes as more staff consulted
The airline's engineers and call centre workers in the UK are being consulted over industrial action.
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Robinsons ends Wimbledon sponsorship after 86 years
The soft drink has had a partnership with the tennis championships since the mid-1930s.
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Thursday, June 23, 2022
Brock Pierce praises NYC mayor-elect, Miami mayor for leading US into the future with Bitcoin
Brock Pierce praises NYC mayor-elect, Miami mayor for leading US into the future with Bitcoin
Bitcoin Foundation Chairman Brock Pierce on world and U.S. state leaders implementing Bitcoin into daily life and the impact it will have in the future...
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...
Nvidia riding Metaverse wave with crucial chip production
Nvidia riding Metaverse wave with crucial chip production
U.S. Bank wealth management CIO Eric Freedman and Sarge986 president Stephen Guilfoyle weigh in on tech sector movement...
NASA restricting use of SpaceX Dragon spacecraft toilet for Crew-2 astronauts
NASA restricting use of SpaceX Dragon spacecraft toilet for Crew-2 astronauts
NASA's Crew-2 astronauts will be unable to use the toilet on SpaceX's Dragon spacecraft when they return home from the International Space Station in November...
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...
Hundreds of British Airways staff vote to strike over pay
About 700 workers at Heathrow Airport vote in favour of industrial action during the summer holidays.
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Biden admin's COVID vaccine, testing 'action' will help get people back to work: US labor secretary
Biden admin's COVID vaccine, testing 'action' will help get people back to work: US labor secretary
Labor Secretary Marty Walsh argued on Friday that the “fear” of the coronavirus pandemic contributes to lackluster labor participation...
Germany takes step closer to gas rationing
The country has triggered the "alarm" stage of its emergency gas plan after drop in Russia supplies.
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Wednesday, June 22, 2022
Chinese man jailed for sexual assault of Alibaba employee on work trip
The woman was assaulted after being made to drink on a work trip, and then fired after going public.
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Twitter tests 'notes' feature with 2,500 word limit
The trial will let some users share "notes" beyond the normal 280-character limit for posts.
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Rail strike: Thursday walkout to go ahead as talks collapse
Transport Secretary Grant Shapps says the RMT union's claim that he wrecked talks is "a total lie".
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Ford chooses Valencia for new electric car plant
The US automaker warns of "significant" job losses as part of its changing strategy.
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President Biden urges petrol tax 'holiday' as fuel prices bite
Analysts say suspending the tax would do little to lower costs for people at the pump.
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Will my summer holiday flights be cancelled?
Aviation workers across Europe have voted to strike this summer, which could cause more disruption.
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Chancellor Rishi Sunak defends likely pensions rise
There's criticism of the move as ministers warn workers not to expect pay rises to match increasing costs.
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Tuesday, June 21, 2022
Call to extend electrical safety checks to social housing
A charity says mandatory checks in England's private rental sector had unearthed thousands of serious hazards.
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Bayer: US Supreme Court rejects chemical maker's weedkiller appeal
The chemical maker is facing thousands of lawsuits over the risks of its Roundup weedkiller.
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Rail strikes: 'Working from home just isn't an option'
Despite the rise in working from home in the pandemic, nearly half of workers in Britain commute each day.
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Easyjet Spain cabin crew set to strike in July
Flight attendants may walk-out for nine days in July, adding to holiday woes for travellers.
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Brewdog approached Heineken about partial sale
Brewdog’s CEO was involved in preliminary discussions in 2018 about a potential sale of part of the beer firm.
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Monday, June 20, 2022
Cost of living: Rolls Royce staff to get £2,000 payment
More than 14,000 workers could get a one-off sum after firm holds talks with union.
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US ban on imports from China's Xinjiang to take effect on Tuesday
Officials believe many Uyghurs have been forced to work at factories in the landlocked territory.
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'Rail strikes have lost us £500,000 of bookings'
Businesses, commuters and pupils sitting exams anticipate disruption from this week's train strikes.
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New rules proposed for buy now pay later
The loans are used by millions but ministers want checks on affordability and clearer advertising.
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Primark finally goes online in new click-and-collect trial
The retailer will trial click-and-collect at stores after long resisting selling on the internet.
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Rail strike: Travellers face reduced service ahead of rail strikes
Last-minute talks are due to take place, but passengers are advised to avoid travel as services prepare to wind down.
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EasyJet to cut more flights over summer holidays
The airline has scaled back its plans after major airports announced caps on flight numbers.
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Sunday, June 19, 2022
Ukraine war: Russia becomes China's biggest oil supplier
Chinese energy giants have been ramping up imports of heavily discounted Russian oil in recent months.
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Global inflation: Five ways US rate rise will affect you
The impact of higher interest rates in the US will cascade through the global economy.
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Energy bills: Watchdog plans to prevent company closures
Ofgem says it wants to help energy firms be more resilient and better protect consumers if they do fail.
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Train strikes: Dispute still resolvable, says industry boss
More talks between management and unions are expected on Monday - the day before strikes begin.
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Rail strikes will punish innocent people, transport secretary says
But union leaders blame politicians for failing to stop the strikes, which will begin on Tuesday.
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Saturday, June 18, 2022
Interest-free loan scheme aims to reach 20,000 people
People struggling with their finances can access small, zero-cost loans as part of a nationwide trial.
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Friday, June 17, 2022
Companies must help cut living costs, says new cost of living tsar
The government's new cost of living tsar says he wants "old friends and colleagues... to help the British people".
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Big Tech must deal with disinformation or face fines, says EU
Tighter EU rules will demand firms such as Google and Meta tackle disinformation on their platforms.
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Big pay rises could push prices up, says minister
Treasury minister Simon Clarke warns bosses to be "very careful" in setting wage increases.
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Italy's Eni says Russian gas supply cut by half
Energy firm Eni says it will only receive half the gas requested from Russia after two days of shortfalls.
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WTO agrees deals on Covid vaccines and overfishing
The World Trade Organization announces a raft of agreements after five days of negotiations.
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Thursday, June 16, 2022
Markets slide as rate rises fuel economy fears
The Dow Jones share index closed below 30,000 at its lowest level in more than a year.
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State Department offering multimillion-dollar rewards to help track down, arrest DarkSide ransomware leaders
State Department offering multimillion-dollar rewards to help track down, arrest DarkSide ransomware leaders
The agency will offer up to $10 million for information leading to the identification or location of any individual who "hold a key leadership position" in DarkSide and up to $5 million for information leading to the arrest or conviction of any individual conspiring...
Gazprom: Russian gas boss says 'our product, our rules' in supply row
It comes after energy firms in Germany, Italy and Austria report big falls in Russian gas supply.
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UK interest rates raised to 1.25% by Bank of England
The Bank of England increases rates to 1.25% as it tries to stem the pace of rising prices.
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Rail strikes will drive passengers away, Grant Shapps says
Losing passengers will endanger thousands of rail jobs, the transport secretary says.
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Apple battery row: Millions of iPhone users could get payouts in legal action
The tech giant is accused of secretly slowing down the performance of older models.
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Wednesday, June 15, 2022
Weak pound puts the squeeze on holiday spending
Sterling has been sliding against the dollar and euro making overseas travel budgets tighter.
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Petrol prices hit new highs every day for a month
The RAC calls for more government action to ease inflation and pressure on motorists.
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Heineken says Father's Day beer contest is a scam
A message circulating on WhatsApp offering the chance to win beer is a phishing scam, Heineken says.
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Harry Potter publisher Bloomsbury says reading boom here to stay
Bloomsbury says the pandemic surge in reading appears to be permanent, as it reports bumper profits.
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Tuesday, June 14, 2022
Cost of living: Families can help pensioners claim benefits
Relatives should check pensioners are making claims as an estimated 850,000 households are missing out.
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Millions to get first cost-of-living payment from 14 July
More than eight million UK homes will get the first of two cost-of-living payments totalling £650.
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Ryanair Afrikaans test: Airline drops controversial South African quiz
Boss Michael O'Leary responds to the row by saying that the quiz "doesn't make sense anymore".
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Warning air travel staff issues will last into summer
Staff shortages which disrupted flights recently are unlikely to be fixed soon, firms and unions say.
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What's happening to Bitcoin?
The value of Bitcoin is at an 18-month low, as the cryptocurrency market continues to tumble.
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Ending of electric car grants sparks backlash
Motoring and car industry groups criticise the government's decision to end the plug-in subsidy scheme.
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Rail strikes: Thousands more workers to vote on action
The strikes could be held from July 25 and threaten to add to summer travel disruption.
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Monday, June 13, 2022
Disney's Buzz Lightyear film banned by UAE
Disney's Toy Story spin-off, which contains a same-sex kiss, won't be shown in the country's cinemas.
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Why is inflation in US higher than elsewhere?
A surge in government spending drove US inflation to the highest of advanced economies last year.
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Europe is prepping for a trade war no-one wants
In the EU, the contingencies for a trade war with the UK are being put in place
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Amazon to begin drone deliveries in Lockeford, California this year
The shopping giant hopes to deliver parcels to shoppers by air for the first time later in 2022.
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Ukraine war: Russia earns $97bn on energy exports since invasion
A report warns of potential loopholes in efforts to limit use of Russian oil and gas.
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Lloyds Bank staff to get £1,000 to help with cost of living
More than 64,000 workers at the bank will get a one-off payout, following a campaign by the Unite union.
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UK economy shrinks as firms battle higher prices
The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.
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Sunday, June 12, 2022
South Korea lorry driver strike hits car and steel producers
Thousands of truckers have stopped work over their demands for more pay as they face rising fuel costs.
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Cost of living: Stock markets slide over global economy concerns
It comes as official figures showed that US inflation hit a more than 40-year high last month.
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UK farmers turn to Nepal and Tajikistan for fruit pickers
No longer able to rely on workers from places like Ukraine, the UK is recruiting from further afield.
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Dragons' Den star Hilary Devey dies aged 65
Hilary Devey died at her holiday home in Morocco after a long illness, her publicist confirms.
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Fuel prices: Petrol stations face urgent review of fuel duty cut
The business secretary wants to know if a 5p fuel duty cut is being passed on quickly enough to drivers.
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Russia unveils 'tasty' McDonald's substitute
The fast food outlets are rebranded as "Tasty and that's it" after the burger giant pulled out.
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Hajj-Muslim pilgrims face losing out from online booking to Mecca
The Saudi government wants Muslims to book online for Mecca but many have already paid tour agents.
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Saturday, June 11, 2022
Rail strike: Agency staff could cover future disruption
The transport secretary says he is preparing to overhaul rules, as rail workers prepare to walk out.
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Aukus: Australia to pay €555m settlement to French firm
The €555m settlement draws a line under a row that threatened to torpedo EU-Australia trade talks.
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Forecourt fuel thefts rise as petrol prices soar
There has been an increase in motorists driving off without paying or claiming they have no wallet.
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Fuel price rises hit ice cream van trade
Rising fuel prices will cost ice cream van owners their livelihoods, according to a trade body.
from BBC News - Business https://ift.tt/fDyij...
Friday, June 10, 2022
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...
Airports told to stop failing disabled passengers
Some flyers have been left waiting hours for help getting off planes, the UK regulator says.
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Covid: US to drop test requirement for air travellers
The change, which comes into effect on Sunday, comes after pressure from the travel industry.
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Worried households cut back on energy and food
Official data reveals heightened concern among households about the rising cost of living.
from BBC News - Business https://ift.tt/4S5nD...
Energy and food drive US inflation to highest for 40 years
Rising energy and food costs pushed inflation to 8.6% in May, the highest rate in more than 40 years.
from BBC News - Business https://ift.tt/sZQK8...
Morrisons raises pay as stores battle for staff
The UK's fourth largest supermarket says it will pay a minimum of £10.20 per hour to its workers.
from BBC News - Business https://ift.tt/ZezWk...
Thursday, June 9, 2022
Rishi Sunak accused of wasting £11bn servicing government debt
Chancellor Rishi Sunak has been caught out by interest rate rises, a research institute says.
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Covid-19: Japan reopens to tourists - but with strict rules
The once-popular Asian destination has some of the world's toughest Covid-19 restrictions.
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Wizz Air boss sparks backlash over fatigue request
Airline chief Jozsef Varadi called on staff to work when tired to stop flight cancellations.
from BBC News - Business https://ift.tt/WNive...
Train drivers to join other rail workers on strike
Aslef union members will walkout over over pay after RMT announced 40,000 members would strike.
from BBC News - Business https://ift.tt/BaouD...
Fuel cost: How to save petrol and diesel
With filling up an average car now costing £100, are drivers doing the right things to save money?
from BBC News - Business https://ift.tt/Ec4GM...
Eurozone interest rates set to rise for first time in 11 years
The European Central Bank will increase rates in July as it tries to control soaring inflation.
from BBC News - Business https://ift.tt/ceHGo...
Landlady gives up pub as quarterly energy bills near £30,000
Many businesses are grappling with rising costs at a time when consumers are watching their finances.
from BBC News - Business https://ift.tt/7iwUf...
Ryanair Afrikaans test: Airline stands by South African language quiz
Many South Africans are outraged about the test in Afrikaans, because of its links to apartheid.
from BBC News - Business https://ift.tt/daf5v...
Wednesday, June 8, 2022
TikTok probes claims of aggressive work culture
A senior executive at the firm allegedly said he "didn't believe" in maternity leave.
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UK economy to have zero growth next year, predicts OECD
The UK is set to see the slowest growth in the G7 countries of US, Canada, Germany, Japan, France and Italy.
from BBC News - Business https://ift.tt/LXZH2...
Tuesday, June 7, 2022
EU sets date for common phone charge cable
The EU has provisionally agreed new mobile devices must, by autumn 2024, use the same type of charger.
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Buy now, pay later: Warning over use of credit cards to cover payments
Millions of young shoppers are borrowing money to make buy now pay later repayments, says Citizens Advice.
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HS2: Government scraps plans for £3bn West Coast Main Line link
Rail bosses react angrily to the scrapping of plans for the line in Cheshire and Greater Manchester.
from BBC News - Business https://ift.tt/7Vxbr...
Railway workers to strike over three days in June
The action planned for 21, 23 and 25 June is being dubbed the "biggest rail strike in modern history".
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World Bank warns of recession risk due to Ukraine war
Many countries around the world, including many in Europe, are expected to face recession, it says.
from BBC News - Business https://ift.tt/njSiQ...
Apple announces buy now pay later, among iOS 16 plans
The tech giant is introducing the controversial service as part of its iOS 16 update.
from BBC News - Business https://ift.tt/S4izc...
Stuck Brits scramble to get home after axed flights
Many travellers are taking drastic action to get home after being stranded due to flight cancellations.
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Rangers, JD Sports and Elite Sports accused of fixing kit prices
UK competition watchdog warns Rangers, JD Sports and Elite Sports can expect fines if found guilty.
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Monday, June 6, 2022
South Africa: Wealthy Gupta brothers arrested in UAE
The pair are accused in South Africa of large-scale corruption and exerting unfair political influence.
from BBC News - Business https://ift.tt/s1aJi...
Shoppers spent less for second month in a row, says BRC
Shoppers are buying footwear and beauty items, but not furniture and electronics, new figures suggest.
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Revolut's banking app down after crashing
The fintech firm says it is working to fix the problem "as soon as possible".
from BBC News - Business https://ift.tt/X8AI4...
Elon Musk threatens to walk away from Twitter deal
The billionaire accuses the company of "thwarting" his requests to learn more about spam accounts.
from BBC News - Business https://ift.tt/0AMEr...
Cancelled flights fuel summer holiday fears
Travel agents say staff are dealing with calls from holidaymakers anxious about their plans.
from BBC News - Business https://ift.tt/g7kUi...
Fuel prices surged over bank holiday break, says RAC
Petrol costs surged over the past week and could soon hit 180p a litre, the motoring body says.
from BBC News - Business https://ift.tt/GA8rH...
Ryanair Afrikaans test: South African fury over language quiz
South Africans flying on Ryanair must take a test in the Afrikaans language to prove their nationality.
from BBC News - Business https://ift.tt/IsMl2...
Talks to resolve ScotRail pay dispute resume
The dispute has had a major impact on services after drivers refused to work on their rest days.
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Gatwick Airport apologises to disabled passenger left on plane
Victoria Brignell was forced to wait for an hour and a half before being assisted from the plane.
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Sunday, June 5, 2022
London Metal Exchange sued for $456m over cancelled nickel trades
Fund manager Elliott Associates claims that cancelling trades of the metal in March was "unlawful".
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Mercedes recalls almost 1m cars over faulty brakes
The German car maker said the brakes of some older cars may be affected by "advanced corrosion".
from BBC News - Business https://ift.tt/0rgyh...
The workers getting 100% pay for 80% of the hours
The biggest ever trial of a four-day week gets under way with up to 70 firms taking part.
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Flight cancellations: Children and teachers stranded abroad as school starts
Hundreds of flights cancelled over the half-term break mean some pupils are missing the start of school.
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Love Island stylist curates second-hand wardrobe for show
For the first time, ITV's Love Island contestants will be dressed in pre-owned clothes.
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Shortage of homes to rent leads to tenant bidding wars
Tenants are going to great lengths to secure a home from offering big deposits to sharing photos of their dogs.
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Easyjet cancels 80 flights as travel disruption continues
Airlines continue to cancel flights as travel secretary says industry must solve labour shortages.
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Saturday, June 4, 2022
Post Office strike: Workers to walk out over pay dispute
More than 110 Post Offices close for 24 hours as staff walk out in a dispute over pay.
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Friday, June 3, 2022
Ukraine war: Marriott hotel chain to leave Russia after 25 years
Marriott says Western sanctions have made it "impossible" to continue to remain in Russia.
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London's iconic Camden Market put up for sale
The market's billionaire owner is reportedly hoping a deal will net him as much as £1.5bn.
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US firms add more jobs than expected in May
Key data shows that employers added 390,000 jobs while the jobless rate stayed at 3.6%.
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Ukraine lifts interest rate to highest in Europe
In a bid to fight off high inflation, the war-torn country's central bank has lifted borrowing costs.
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Thursday, June 2, 2022
Shoppers not returning to Scotland's stores
Scottish shopper footfall was 16.4% down on the same month in the year before the pandemic.
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Investors seek millions from Woodford fund collapse
A claim representing 1,500 investors wants £18m from the 'referee' of Neil Woodford's fund.
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Chicken rice: Why Singapore's much-loved dish is under threat
The city state is feeling the impact of Malaysia's export curbs on chicken.
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Travel industry plea for overseas workers rejected
The government rejects firms' request for special visas to fill thousands of vacancies before summer.
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Passengers advised to fly with just one bag
Travellers should not check-in luggage to avoid delays at airports, say industry figures.
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Wednesday, June 1, 2022
Elon Musk declares end to remote working at Tesla
Staff unwilling to abide by new rules can "pretend to work somewhere else", the Tesla boss says.
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Cost of Living: SSE Airtricity gas price to rise by 42.7%
The company's new increase in gas prices follows a 33% rise in electricity prices on Wednesday.
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Why are flights being cancelled?
There has been significant disruption at UK airports, with flights cancelled and long queues at airports.
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Travel disruption continues as 150 flights cancelled
Airlines and operators have "seriously oversold flights", Transport Secretary Grant Shapps says.
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