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Sunday, July 31, 2022

Ofcom urged to help end broadband loyalty penalty

Many long-standing customers pay more for broadband and mobile contracts than new customers do.

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Starlink: Why is Elon Musk launching thousands of satellites?

The billionaire's SpaceX company hopes to provide an internet service from space.

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Fuel tax cut in UK among lowest in Europe, RAC says

The motoring group says the UK's fuel duty cut looks "paltry" compared to help given in other countries.

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Post Office under pressure over victims' pay-outs

The chair of the Post Office scandal inquiry will issue a report to parliament unless progress is made.

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Octopus Energy asks government for £1bn to buy Bulb

The firm is seeking the funds, which will be paid back, to take over the collapsed firm.

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Ukraine grain tycoon killed in Russian shelling of Mykolaiv

One of Ukraine's richest men and his wife died in a heavy bombardment, the authorities said.

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Saturday, July 30, 2022

‘I lost £40,000 worth of crops in a field fire’

People are being urged to take extra care to avoid causing fires in the countryside during hot weather.

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Train strike set to cause widespread disruption

Birmingham's Commonwealth Games and the kick-off to the football season are among the events affected.

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Friday, July 29, 2022

Train strikes: 'I cycled 33 miles to get to a gig'

Many people's travel plans have been disrupted but some aren't willing to let train strikes get in their way.

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How Singapore is turning multi-storey car parks into farms

The densely populated South East Asian island nation imports more than 90% of the food it consumes.

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Credit card borrowing in fastest rise since 2005

Experts warn the rapid increase could indicate households are turning to credit to get through tougher times.

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Instagram U-turns on TikTok-style revamp

The social media platform pauses the rollout of new features after an online community backlash.

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Thursday, July 28, 2022

Five money saving ideas for parents over summer

The cost of the school summer holiday is worrying many families struggling with rising prices.

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Apple and Amazon sales up despite rising prices

The companies are closely watched for signs of how people are spending as the economy slows.

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Martin Lewis says energy bills at 'desperate' point

The personal finance expert says people will be "panicking" and will have to "make awful choices".

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Felixstowe: Strike threat at UK's biggest container port

The Port of Felixstowe handles almost half of the container cargo arriving in the UK.

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US economy shrinks again ringing recession alarms

The US economy contracted at an annual rate of 0.9% in the three months to July.

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Cost of living: I avoid meals so my daughter can eat

As prices continue to rise, Radio 1 Newsbeat speaks to those struggling for basic meals.

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Wednesday, July 27, 2022

Britishvolt: Electric car battery plant's funding confirmed

Britishvolt is building a huge factory in Northumberland, which it says will create 3,000 jobs.

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Facebook owner Meta sees first ever sales decline

The owner of Instagram and WhatsApp faces increased competition from the likes of TikTok.

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US makes huge interest rate rise to tame soaring prices

The Federal Reserve is increasing interest rates for a fourth time as it tries to control inflation.

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Train strikes: Drivers to walk out over pay on 13 August

Drivers at nine rail companies will walk out again next month, the union Aslef says.

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Gas prices soar as Russia cuts German supply

The Nord Stream 1 pipeline is now operating at just a fifth of its usual capacity.

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McDonald's puts up price of cheeseburger for first time in 14 years

The fast food firm increases the price for the first time in 14 years due to growing cost pressures.

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Tuesday, July 26, 2022

IMF: UK set for slowest growth of G7 economies in 2023

The IMF cuts its UK forecast for 2023 and says the global economy is "teetering on the edge" of recession.

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Rail strikes: When are they and which trains are running?

Thousands of train drivers and rail workers will go on strike in July and August.

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Satellite firms Eutelsat and OneWeb aim to combine operations

The French company is set to merge with the satellite firm pulled from bankruptcy by the UK government.

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EU agrees to cut gas use over Russia supply fears

EU members had held talks after the bloc urged countries to reduce gas use by 15%.

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Monday, July 25, 2022

Cost of living: Walmart issues profit warning as price rises hit

The US retail giant expects its annual profits to fall by up to 13% as food and fuel prices surge.

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Amazon Prime subscription price raised by £1 a month

The £1-a-month rise comes after years in which the streaming service paid millions for football rights.

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Cost-of-living payments branded insufficient as energy bills soar

The Business Committee says payments should reflect higher than anticipated energy bills.

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Convenience store spy cameras face legal challenge

Big Brother Watch campaigners says the "Orwellian" cameras at Southern Co-op shops breach people's rights.

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Sunday, July 24, 2022

Evergrande: Crisis-hit property giant faces deadline after bosses quit

The Chinese property firm is expected to deliver a preliminary restructuring plan this week.

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Elon Musk denies affair with Google co-founder's wife

The technology multi-billionaire's comments came in response to a report in the Wall Street Journal.

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Three questions Liz Truss and Rishi Sunak must answer

The final two candidates for prime minister have some fundamental decisions to make over the economy.

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Ukraine war: Russia denies causing global food crisis

Its foreign minister, who is in Egypt, says the West is distorting the truth as the Ukraine war rages.

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Football kit sales delayed as supply chain issues hit clubs

Fewer than half of English clubs have both their home and away kits on sale ahead of the new season.

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France energy: Air-conditioned shops will be told to shut doors to cut waste

New rules will force shops to keep doors shut when air conditioning is on and limit use of neon signs.

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Dover and Eurotunnel queues: Travellers warned of third day of delays

Families report sleeping in cars overnight on the approach to Eurotunnel, with waits of up to 21 hours.

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Saturday, July 23, 2022

Cost of living: Saving money on our summer holiday

Millions of us are still determined to have a summer getaway but keeping an eye on spending.

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Friday, July 22, 2022

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





Food banks warn they are struggling to keep up with demand

Research by Radio 4's Money Box into 203 food banks found many are receiving fewer food donations.

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Ryanair's Michael O'Leary wants 'practical' immigration approach

A "common sense" approach to UK visa policy is needed to fill vacancies, says Michael O'Leary.

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British Airways staff call off Heathrow strike after 8% pay rise deal

Hundreds of staff at Heathrow were set to strike over the busy summer holiday period.

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Twitter spent $33m in three months on Elon Musk deal

The social network also reported losses in its latest financial figures.

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Cyber-attacks on Port of Los Angeles have doubled since pandemic

The threats to the Port of Los Angeles are believed to come mainly from Europe and Russia.

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Thursday, July 21, 2022

Snap shares slide as advertising slump hits sales

The California-based company is best known for the photo-sharing app Snapchat.

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Russia 'looting' steel bound for Europe and UK, says Metinvest boss

A Ukrainian steel boss accuses Russia of stealing metal that had been meant for Europe.

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Ryanair's Michael O'Leary wants 'practical' immigration approach

A "common sense" approach to post-Brexit policy is needed to fill vacancies, says Michael O'Leary.

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UK blocks University of Manchester sensor deal with Chinese company

The proposed licensing of vision-sensing technology could be a national-security risk, the government says.

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Truss tax plans accused of breaking spending rules

Tax cut plans mean higher borrowing or lower public spending, or both, says the Institute for Fiscal Studies.

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Drivers warned of delays around Dover as summer getaway begins

Roads around Dover are expected to be extremely busy as most schools in England and Wales break up.

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Eurozone raises interest rates for first time in 11 years

The European Central Bank has raised rates as it tries to tackle soaring eurozone inflation.

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Wednesday, July 20, 2022

Government used P&O ferries despite condemning firm

The Ministry of Defence said it used the operator, which ministers criticised for sacking 800 staff.

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Union suspends Heathrow refuelling staff strike

A three day strike from Thursday to Sunday by Heathrow Aviation Fuel Services staff is called off.

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EU told to prepare for Russian gas shut-off

Countries urged to cut use by 15% until March, with the target becoming mandatory if Russia halts supplies.

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Sizewell C granted development consent by government

The business secretary grants development consent for a new nuclear power plant on the Suffolk coast.

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Samsung did not break rules over woman running at 2am advert

People complained that the "irresponsible" smart watch advert encouraged unsafe behaviour.

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Trains cancelled and delayed after heatwave damage

Network Rail said no direct trains are running between London and Scotland as repair work continues.

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Tuesday, July 19, 2022

Royal Mail workers to go on strike over pay

If 115,000 staff strike, it could be the biggest ever action by the Communication Workers Union.

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Netflix expands plans to charge for shared accounts

The streaming service is looking for new ways to make money as growth slows.

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Sunscreen and ice cream sales soar ahead of UK heatwave

Millions of pounds more will be spent on fans, paddling pools and water bottles, research suggests.

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Refuelling staff to stage three-day strike at Heathrow

Workers employed by Aviation Fuel Services will walk out on Thursday and down tools until Sunday.

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Amazon targets 10,000 fake review Facebook groups

The groups were offering refunds for products purchased on Amazon once reviews had been posted.

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Train passengers warned not to travel in heatwave

Trains are cancelled and railway lines closed on what is set to be the UK's hottest day on record.

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Monday, July 18, 2022

Petrol prices drop from record high, says AA

The AA motoring group says falling wholesale costs could lead to £10 off a tank within a fortnight.

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Electricity market review to provide cheaper prices

The government is considering options to reform how the price of electricity is set.

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H&M to sell off stock before leaving Russia

The world's second-biggest retailer says it is impossible to do business due to the war in Ukraine.

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Under-24s cut back on video streaming services

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

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Sunday, July 17, 2022

Starbucks explores UK business sale, reports say

The world's biggest coffee chain has been hit hard by lockdown measures and changing customer habits.

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Cutting UK taxes now would be a mistake, says IMF

Tax cuts could be misguided and might boost inflation by strengthening spending, a top IMF official says.

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Amazon price matches Tesco as supermarkets fight for customers

The move by the online giant comes as supermarkets battle for shoppers amid the soaring cost of living

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Sri Lanka crisis is a warning to other Asian nations

Rising interest rates are making debt repayment costlier, putting Asian emerging markets at risk of default.

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UK set to have world's biggest automated drone superhighway

Reading, Cambridge and Rugby are among the places set to be connected by drones.

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Union calls for heat limit law in workplaces

The GMB says workers need protection as a red warning for extreme heat in parts of England is due to begin.

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M&S scraps 'best before' dates on fruit and veg to cut food waste

The High Street giant becomes the latest food retailer to take action to stop food being binned at home.

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Saturday, July 16, 2022

Farnborough Airshow: Aerospace deals set to fly

Airbus and Boeing go head to head for deals as sustainability takes centre stage, while defence firms focus on the Ukraine effect.

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Friday, July 15, 2022

Thousands of BT workers to strike for two days

The union behind the strike says it could cause significant issues for those working at home.

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Rail passengers told to avoid travel in heatwave

Network Rail says people should only travel if necessary, and services could be delayed or cancelled

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Sports Direct owner Frasers Group scraps home working

Mike Ashley's Frasers Group says some staff are not treating Friday "as a working day".

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Former airline worker: 'It would be like going back to an ex'

Three people who used to work in aviation up until the Covid pandemic discuss whether they would return to the industry.

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The firms sourcing locally to avoid global supply chain woes

As worldwide supply routes are stretched, more companies are "reshoring" their production.

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CEO Secrets: How one company attracts more men

Mary Ellen Iskenderian, president and CEO of non-profit organisation Women's World Banking, shares her business advice.

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Can the right smell make you more productive?

With more people working from home there's growing interest in making the home smell better.

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Thursday, July 14, 2022

Amazon to create 4,000 new UK jobs

The online retailer is taking on thousands more staff as it continues to expand in the UK.

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Rail workers to strike for another two days in August

Workers at Network Rail and 14 train operators will now strike on 18 and 20 August, as well as 27 July.

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Energy rationing cannot be ruled out, warns Shell

A "really tough winter in Europe" is ahead given doubts over Russian gas supplies, says Shell boss.

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Cost of living: North-South divide widens as prices rise, says report

Inflation is 30% higher in Burnley than it is in London and Cambridge, the Centre For Cities finds.

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Emirates refuses Heathrow demand to cut flights

The airline calls the move "unacceptable" and accuses the airport of being "cavalier about travellers".

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Wednesday, July 13, 2022

What are airports doing to avoid summer holiday chaos?

The mammoth effort underway to prepare the aviation sector for 'super peak' getaway period.

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IMF warns of 'darkening' global economic outlook

The International Monetary Fund hints it will downgrade its expectations for global economic growth.

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Fukushima bosses ordered to pay $97bn in damages

Four ex-bosses were sued by shareholders after a disaster at the Fukushima nuclear plant in 2011.

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Rail strike: New walkout to take place on 27 July

Rail workers will walk out as part of an ongoing dispute over pay, jobs and conditions, the RMT union says.

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Euro falls below dollar for first time since 2002

Fears of recession in Europe are weighing heavily on the single currency.

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Tuesday, July 12, 2022

Australia probes retail giants Bunnings and Kmart over customer 'faceprints'

The use of facial recognition technology by two retail giants is unethical, an advocacy group says.

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Cost of living: Why we've given up our family car for bicycles

One family ditched their car in favour in cycling more than a year ago, and haven't looked back.

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Businesses urge PM candidates to focus on growth and tax

CBI business lobby group calls for "credible and bold plans for growth" in a letter to candidates.

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Twitter sues Elon Musk over $44bn purchase deal

The social media firm is trying to force Elon Musk to buy it after he walked away from the deal.

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Network Rail puts fresh pay offer to unions

The rail track firm says the offer is worth more than 5%, but unions say it is a real terms pay cut.

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Boohoo starts charging shoppers for returns

The fast-fashion brand says customers now must pay £1.99 to return clothes.

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Lego pull out of Russia 'indefinitely'

The Danish toymaker says it will end its partnership with a company which runs its 81 shops.

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Heathrow caps passenger numbers over summer

The UK's biggest airport has been struggling to cope with the rebound in demand for air travel.

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Monday, July 11, 2022

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





Bernie Ecclestone to be charged over alleged fraud

Ex-Formula 1 boss Bernie Ecclestone is to be charged with fraud following an investigation into assets believed to be worth more than £400m.

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Uber Files: Tech firm lobbied top ministers at undeclared meetings

A documents leak reveals how the ride-hailing app courted senior Tories to help block new regulations.

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Ukraine war: Germany fears Russia gas cut may become permanent

Russian pipeline operators say maintenance work is needed, but Germany suspects political motives.

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Henan: Violent clashes after hundreds show up for China bank protest

Clashes break out after depositors angry at banks freezing nearly $6bn in funds hold a rare protest.

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Sunday, July 10, 2022

Tax cut competition could turn ugly

An ageing society and a shrinking workforce could overshadow intended tax policies.

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Birmingham airport flights delayed longest in 2021

But punctuality improved across all UK airports due to fewer flights caused by Covid restrictions.

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Uber Files: Massive leak reveals how top politicians secretly helped Uber

Emmanuel Macron is among leaders who helped the ride-hailing company disrupt new markets.

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Flights will be more expensive, says IATA's Willie Walsh

Soaring fuel costs will be reflected in airline ticket prices, Willie Walsh warns.

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Tory leadership race: Rivals battle over tax cutting pledges

Tax has emerged as a key battleground in the race to replace Boris Johnson as prime minister.

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Sajid Javid and Jeremy Hunt join Conservative Party leadership race

Contenders to replace Boris Johnson begin to set out their stalls - with many pledging lower taxes.

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Friday, July 8, 2022

Tesco and Heinz reach agreement in price row

The supermarket giant says it will stock Heinz beans and tomato ketchup again in the coming days.

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Global food prices fall but shoppers still face bill hikes

Cereal and vegetable oils fall in price but food shoppers won't see their bills come down immediately.

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US economy adds more jobs than expected in June

Employers created 372,000 new jobs last month but analysts warn a slowdown may be on the way.

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We're not blocking post-Brexit freedoms, says Bank

The Bank of England's insurance market regulator says it wants to free up money and protect savers.

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Abenomics: How Shinzo Abe aimed to revitalise Japan's economy

Under the "Abenomics" policy, the former prime minister introduced stimulus measures and major reforms.

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Thursday, July 7, 2022

Manchester Airports Group posts £320m annual loss

Manchester, London Stansted and East Midlands passenger numbers are still down on pre-Covid levels.

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House prices defy expectations to hit record

The average house price reached £294,845 in June but Halifax expects growth to slow.

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Wednesday, July 6, 2022

Sri Lanka president asks Russia's Vladimir Putin for help to buy fuel

The country says it is close to running out of petrol amid its worst economic crisis since 1948.

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Most only have £500 of savings says Lloyds boss

Charlie Nunn says many households have little buffer in their accounts for harder times ahead.

from BBC News - Business https://ift.tt/TXjyz23

Bank of England vows to bring down inflation

The bank's chief economist says its focus is getting prices down and making life affordable again.

from BBC News - Business https://ift.tt/0bCilyZ

British Airways to cancel 10,300 more flights

The airline says the cancellations will affect short-haul flights between August and the end of October.

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Four ways Nadhim Zahawi may try to boost the economy

The new chancellor wants to cut taxes, but also get inflation under control. What are his options?

from BBC News - Business https://ift.tt/ZagC5iN

Amazon under investigation over listings practices

The probe in to the online retail giant follows a similar investigation by the European Commission

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Tesco suspends Whiskas pet food as prices rise

The supermarket chain stops sales of pet foods made by Mars following recent price hikes.

from BBC News - Business https://ift.tt/Br5GPNx

Tuesday, July 5, 2022

Lurpak says butter price up to give farmers fair deal

The brand explains price rises after photos of security tagged butter were spread across Twitter.

from BBC News - Business https://ift.tt/M7SGd4X

British Airways cancels 1,500 more flights

The airline cancels more flights in July, affecting tens of thousands of passengers.

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

UK economic outlook has deteriorated, Bank of England warns

But banks are well-placed to weather even a severe economic downturn, the Bank of England says.

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Royal Mail managers announce strike dates

The Unite union says 2,400 managers across the UK will take part in the action this month.

from BBC News - Business https://ift.tt/cJNvD3d

Travel insurance: Air passengers warned to check for strike cover

Four in 10 policies offer no protection if holidays are cancelled by strikes, says Which?.

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

Pilots' strike pushes SAS airline into bankruptcy move

The Scandinavian carrier files for bankruptcy protection in the US as its pilots take action over pay.

from BBC News - Business https://ift.tt/j8SJLfU

Monday, July 4, 2022

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.

Pret sales jump as it focuses on towns and suburbs

Pret A Manger's stores outside London now account for most of the sandwich chain's growth.

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Rolls-Royce: Six sites shortlisted for nuclear reactor factory

The plant will help build 16 Small Modular Reactors planned for construction over the next 25 years.

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Prices in Turkey rise at fastest pace for 24 years

The country's inflation rate hits 78%, as prices continue to spiral further upwards due to the Ukraine war.

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School dinners: Beef off the menu as costs rise

Menus have fewer options and some schools are switching to cheaper meat from abroad, caterers say.

from BBC News - Business https://ift.tt/fz5NhDU

Sunday, July 3, 2022

Sri Lanka energy minister warns petrol stocks about to run dry

The crisis-hit country's next shipment of petrol is not due to arrive until later this month.

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Number of pubs falls by 7,000 in a decade

The number of pubs in England and Wales continues to decline, new research suggests.

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Worse to come for food price rises, warns industry

Shop prices may not hit their peak until next year, says the The Food and Drink Federation.

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

Saturday, July 2, 2022

Fox Business Flash top headlines for November 5


Fox Business Flash top headlines for November 5



Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.

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.

Flight cancellations aim to ease summer chaos

BA and Heathrow say the move will help minimise disruption for passengers during the peak season.

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Friday, July 1, 2022

UK and New Zealand expand working holiday visas

The age limit for a visa to live and work in either country will go up to 35 under a new deal.

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Rail strikes: No rush to call for more action, says union

The RMT's comments follow last week's industrial action which caused travel disruption across the UK.

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Energy companies' customer service hits record low

Standards have "plummeted" since last year when many firms went bust, Citizens Advice says.

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Russia moves to take control of Sakhalin-2 oil and gas project

The Russian government moves to take over Sakhalin-2 in which Shell has a share of more than a quarter.

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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