US chip makers hit by new China export rule

Nvidia says two of its top computing chips were affected by a "new license requirement" for exporting to China.

from BBC News - Business https://ift.tt/DRqxdZ4

Ovo Energy boss proposes plan to stave off household bill crisis

Ovo Energy's boss has sent the government a 10-point plan to cut energy bills based on earnings.

from BBC News - Business https://ift.tt/o5chQJe

Snapchat to cut a fifth of jobs

The social media platform is restructuring as advertisers worry about the economy.

from BBC News - Business https://ift.tt/Zqfu4G1

John Lewis and Waitrose offers free food to staff over winter

All permanent, temporary and agency staff will get free meals from October to January.

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

Train drivers to strike again on 15 September

Thousands of drivers will walk out as part of an ongoing dispute over pay.

from BBC News - Business https://ift.tt/pBD5dw4

Why is everyone going on strike?

Thousands of workers have walked out or threatened to this summer, causing widespread disruption.

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

Laybuy to share details of buy now, pay later debt

The buy now, pay later provide will share information with credit reference agency Experian.

from BBC News - Business https://ift.tt/qtIs7zp

Persil advert banned for misleading green claims

A advert for Persil laundry detergent has been banned for "unsubstantiated" eco claims.

from BBC News - Business https://ift.tt/O78i1KD

Ryanair will grow even faster in recession, boss says

People will still fly during a downturn but they will choose low-fare airlines, Michael O'Leary says.

from BBC News - Business https://ift.tt/8pyrgNo

Eurostar to suspend direct trains to Disneyland Paris

The service from London will be suspended from 5 June next year to focus on "core routes".

from BBC News - Business https://ift.tt/on9ygtJ

Lurpak maker Arla warns dairy prices will remain high

The Ukraine war has pushed up feed, fertiliser and fuel costs for dairy farmers, the company says.

from BBC News - Business https://ift.tt/D0nRvcW

BT and Openreach staff walk out in strike over pay

The Communication Workers Union said 40,000 members will stage two days of industrial action.

from BBC News - Business https://ift.tt/hsjpZ7T

Undeclared pools in France uncovered by AI technology

Millions in tax revenue has been collected after more than 20,000 undeclared pools were found.

from BBC News - Business https://ift.tt/A3PF8kI

UK looks to Sweden for a solution to nuclear waste

After decades of experimentation Sweden is ahead of the UK when dealing with nuclear waste.

from BBC News - Business https://ift.tt/i9W6YuH

Felixstowe port strike: Union warns of further action

An eight-day strike at the UK's busiest container port ends with no movement on a 7% pay offer.

from BBC News - Business https://ift.tt/17bfoyl

Energy bills could break firms, warns ex-chancellor

Alistair Darling says the new prime minister must quickly take "bold action" to help with soaring costs.

from BBC News - Business https://ift.tt/ez0jhru

EU faces awful winters without gas cap - minister

Calls mount for an EU-wide cap on the price of gas and its decoupling from electricity.

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

Asia stock markets slide on interest rate concerns

It comes after Jerome Powell, the head of the US Federal Reserve, warned of more hikes to come.

from BBC News - Business https://ift.tt/dnR94rG

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

Store closures at lowest level for seven years

Betting shops and banks are in decline but the restaurant sector is growing, new data suggests.

from BBC News - Business https://ift.tt/o4fyhZ3

UK's biggest unions propose co-ordinated strikes this autumn

The UK's largest unions, Unite and Unison, call for a joined-up approach as they fight for better pay deals.

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

Solar panel sales boom as energy bills soar

More people are turning to renewable energy as a way to cut energy costs.

from BBC News - Business https://ift.tt/97XZ53U

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.

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.

Energy bills: Middle earners will need help with rising prices too, says chancellor

Even people on incomes of £45,000 are likely to need help with rising energy prices, Nadhim Zahawi says.

from BBC News - Business https://ift.tt/lrMA6TV

Drop-off fees hiked at most busy airports - RAC

The motoring group says it appears airports are trying to recoup pandemic losses.

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

Jerome Powell: US stock markets down after interest rate warning

Federal Reserve chairman Jerome Powell says further interest rate hikes are likely in coming months.

from BBC News - Business https://ift.tt/P5IiLre

Felixstowe: Port strikes could hit toy industry, say retailers

Business owners share how walk-outs at Felixstowe could affect them in the lead-up to Christmas.

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

Can a sleepy Japanese town become Asia's Silicon Valley?

A school for tech entrepreneurs will open its doors in April 2023 in the Tokushima town of Kamiyama.

from BBC News - Business https://ift.tt/Ja8dVmh

Ukraine war: Citi bank to close Russia branches

The US bank will begin to wind down its operations in Russia in the next three months, affecting 2,300 staff.

from BBC News - Business https://ift.tt/x2gSOMK

Train drivers at three more operators vote to strike

Workers at Chiltern, Northern Trains and Transpennine Express will walk out in a dispute over pay.

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

Kids told to wear extra layers to cut energy bills

One nursery is telling children to bundle up to keep heating down as firms call for state help.

from BBC News - Business https://ift.tt/27JcAXv

CO2 supply fear re-emerge as CF Fertilisers plant halts production

Carbon dioxide is used in the slaughter of pigs and chicken as well as packaging and fizzy drinks.

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

Shell fined for overcharging pre-payment customers

Oil giant's home energy supplier must pay more than £500,000 after errors linked to the piece cap.

from BBC News - Business https://ift.tt/grqho8y

Chip shops face 'extinction' amid cost of living crisis

The rising price of cod, sunflower oil and energy has left many shops struggling to survive.

from BBC News - Business https://ift.tt/G2ViA7j

Facebook feeds flooded with celebrity spam

Thousands of users reported issues on Wednesday as a glitch hit the social media site's homepage.

from BBC News - Business https://ift.tt/Qjg3yqZ

Asda ends best before dates on 200 fresh products

The retailer becomes the latest UK supermarket to scrap best before dates on more than 200 products.

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

Felixstowe port disruption could escalate until Christmas says union

Unite general secretary Sharon Graham addresses picket line workers at the Port of Felixstowe.

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

India tycoon Adani in hostile bid for news channel NDTV

Gautam Adani's move has drawn attention because he is seen as being close to PM Modi.

from BBC News - Business https://ift.tt/HqEyt8l

India tycoon Adani in hostile bid for news channel NDTV

Gautam Adani's move raises concerns about editorial independence as he is considered close to PM Modi.

from BBC News - Business https://ift.tt/HqEyt8l

Inflation: Who is benefitting from soaring prices?

Many households are feeling the pinch of higher prices, but which sectors are benefitting from them?

from BBC News - Business https://ift.tt/adg4ZiT

Three million households waiting for £150 energy rebate

Councils were expected to start making the payments from April but have until 30 September to do so.

from BBC News - Business https://ift.tt/qCBm6hO

Twitter whistleblower questions firm's bot count

Ex-security chief appears to echo claims by Elon Musk over the number of fake accounts on its site.

from BBC News - Business https://ift.tt/hj1DYyN

Energy bills: Half of UK households face fuel poverty, EDF warns

People are in for a "catastrophic winter" unless the government does more to help, says EDF.

from BBC News - Business https://ift.tt/i9Wbg1k

House sales peak in July but buyers are cautious

More homes were sold in the UK in July than in any other month this year, despite pressure on budgets.

from BBC News - Business https://ift.tt/yroOc7M

Port of Felixstowe strike: 'This pay rise makes a big difference'

As industrial action enters a third day, why are union members at the UK's busiest port walking out?

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

PwC sued by worker over 'pub golf' head injury

An auditor at one of the UK's largest accountancy firms claims a drinking game left him injured.

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

British Airways to cut 10,000 Heathrow flights

The cancellations are aimed at minimising disruption to flights over the winter.

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

What is the energy price cap and how high will bills go?

A typical household bill is now predicted to reach more than £4,500 in January.

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

PlayStation sued for £5bn in the UK over ‘rip-off’ games

The gaming firm is accused of using its market dominance to impose extra charges and drive up prices.

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

UK inflation could hit 18% next year, Citi warns

Citi forecasts that without government support typical energy bills could hit £3,717 in October.

from BBC News - Business https://ift.tt/yMz7Thf

Energy bills: Customers can't carry cost of Ukraine war, energy boss says

The government must stop bills being pushed up by the Ukraine war, the boss of Octopus Energy says.

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

Iconic Shanghai sights go dark as drought hits power supply

Power cuts elsewhere in China have also hit major manufacturers of cars and smartphones.

from BBC News - Business https://ift.tt/MS3nGhx

Cineworld confirms it is considering bankruptcy

The cinema chain, which also owns Picturehouse, has struggled with poor ticket sales.

from BBC News - Business https://ift.tt/TA1Q3k7

Tory leadership: Sunak attacks Truss plans in last push for votes

The ex-chancellor says his rival cannot afford direct help to households as well as tax cuts.

from BBC News - Business https://ift.tt/iwTZ1WE

China cuts lending rates as property market struggles

The country's central bank lowered the five-year mortgage rate by 1.5 percentage points on Monday.

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

Port of Felixstowe strike will cost us a stack of money - haulier

Companies talk of how they expect the eight-day strike at the Port of Felixstowe to affect them.

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

Do new school uniform rules save parents money?

Schools now have to take unnecessary logos off uniforms, but so far not all parents are benefitting.

from BBC News - Business https://ift.tt/2XNlq4I

Plans to cut energy bills if peak-time use avoided

How homes can get discounts if they use less electricity at peak times are close to being announced.

from BBC News - Business https://ift.tt/4J1jn7m

Felixstowe: Strike set to begin at UK's biggest container port

Workers at Felixstowe, which handles half the country's container cargo, will walk out for eight days.

from BBC News - Business https://ift.tt/STB9arX

Over-50s turn to house-shares to beat rising rents

One flat-sharing website says it has seen a 239% increase in older people seeking shared accommodation.

from BBC News - Business https://ift.tt/u2n3xMi

Is there a green solution to the vinyl record backlog?

Green Vinyl Records is taking the vinyl out of vinyl to offer more environmentally-friendly LPs.

from BBC News - Business https://ift.tt/ibp18B6

Rail strikes: Only 20% of rail services expected to run

The sixth one-day strike of the summer will see football fans and festival-goers make other travel plans.

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

Cost-of-renting: Young, struggling and short of cash

We hear from young people finding it hard to afford their rent, as well as a landlord facing rising costs.

from BBC News - Business https://ift.tt/Y9u3Sn1

Cineworld shares plunge on bankruptcy fears

The heavily indebted cinema chain, which also owns Picturehouse, has been hit by poor audiences.

from BBC News - Business https://ift.tt/1oWaMi8

Billionaire Xiao Jianhua jailed for 13 years in China

Chinese-Canadian tycoon Xiao Jianhua disappeared from a luxury hotel in Hong Kong in 2017.

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

Russia Starbucks: Home-grown chain Stars replaces coffee giant

Stars Coffee replaces Starbucks after the US chain pulled out over the Russian invasion of Ukraine.

from BBC News - Business https://ift.tt/RvwS2o9

Buy now, pay later: Warning over influencers' adverts on social media

Financial regulator says some adverts posted by influencers fail to highlight risks of borrowing.

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

Experts warn no easy answers to how safe self-driving cars should be

A government expert body advising on the ethics of driverless cars warns of many tricky problems.

from BBC News - Business https://ift.tt/dP6SLT3

Starbucks ordered to reinstate fired Memphis staff

The decision comes amid a tense fight between Starbucks and labour organisers.

from BBC News - Business https://ift.tt/8M9ySkt

Jim Ratcliffe: Who is the man bidding for Man Utd?

One of the UK's richest men, Sir Jim has built a multi-billion pound business by buying unloved assets.

from BBC News - Business https://ift.tt/bGgKc30

Pulsic takeover by Super Orange HK blocked on security grounds

The move is the latest attempt by the government to limit China's involvement in UK business and technology.

from BBC News - Business https://ift.tt/Lkl3nvm

Gateshead factory closure puts 430 jobs at risk

Orchard House Foods wants to relocate production from Gateshead to its base in Northamptonshire.

from BBC News - Business https://ift.tt/YAN8Lvu

Sir Jim Ratcliffe: Billionaire wants to buy Manchester United

British billionaire Sir Jim Ratcliffe wants to buy Manchester United if the Glazer family put the club up for sale.

from BBC News - Business https://ift.tt/uZnXF2B

Cash use set to survive pandemic slump

Although cards remain a far more popular way to pay, cash is a preferred option for many, a report says.

from BBC News - Business https://ift.tt/HyxD9zM

Ofgem director Christine Farnish resigns over price cap change

A director of the UK's energy watchdog quits over the way the energy price cap will be set.

from BBC News - Business https://ift.tt/Y8OsRBI

Royal Mail workers vote for further strikes

Members of the Communication Workers Union at the Royal Mail voted to strike over terms and conditions.

from BBC News - Business https://ift.tt/zZ4CAqu

Tencent sees first sales fall as China economy slows

The WeChat owner is also feeling the effects of a regulatory clampdown on gaming.

from BBC News - Business https://ift.tt/F5KXSU6

Pace of UK house price rises slows to 11-month low, says ONS

Property values rose fastest in Scotland in the year to June, official figures show.

from BBC News - Business https://ift.tt/fjdgAe3

Ladbrokes owner Entain to pay £17m for breaching rules

Entain failed to properly check possible money-laundering or offer support to struggling customers.

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

Backing for Adam Neumann's new firm prompts outrage

Adam Neumann's financial backers say he's a "visionary leader" but others have doubts over his latest plans.

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

Inflation: Why price rises may feel even worse than they are

Your own personal inflation rate could be higher than official figures suggest.

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

UK to receive shipment of Australian gas next week

As Europe looks for alternatives to Russian energy, the UK is set to get an LNG delivery from Australia.

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

Cost of living: Iceland to offer interest-free loans to customers

Interest free loans of between £25 and £100 will be available to help with rising inflation.

from BBC News - Business https://ift.tt/ieyI8mQ

Train and tube strikes: What are the dates and where is affected?

Thousands of rail workers are striking in August in an ongoing row over pay, jobs and conditions.

from BBC News - Business https://ift.tt/5Lti1pe

Ted Baker set for £211m takeover by Reebok's owner

The bid by Authentic Brands, which also owns Elvis Presley's image rights, ends months of speculation.

from BBC News - Business https://ift.tt/9Cj4nLa

Government proposes more help for energy-intensive firms

Sectors like steel, paper and glass that use a lot of power could be set to receive more support.

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

People can't wait for energy help - Citizens Advice

The charity voices concerns of delaying support for households bracing themselves for energy bill hikes.

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

Martin Lewis: Energy bill crisis is on scale of pandemic

Government support needs to double to make up for the huge expected rise in bills, the consumer expert says.

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

Shanghai Covid: Ikea shoppers flee attempt to lock down store

Video shows people running out of the store in Xuhui district as guards tried to shut them in.

from BBC News - Business https://ift.tt/gpA75cO

UK to cut taxes on imports from developing countries

The scheme means products such as clothes, shoes and foods will benefit from lower or zero tariffs.

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

Cost of living: Government to simplify broadband access

The government says new system will give those receiving benefits better access to cheaper broadband.

from BBC News - Business https://ift.tt/mf0GyOI

German households face levy of hundreds of pounds on gas bills

The surcharge will help energy companies cover the cost of replacing Russian supplies.

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

Heathrow Airport extends cap on passengers to end of October

It means a daily limit on departing passengers will now apply until after the October half-term holidays.

from BBC News - Business https://ift.tt/9dg8yVz

Not just hardest up that need bill help - Sir Keir Starmer

The Labour leader tells the BBC his proposal to freeze energy prices for all is a good use of public money.

from BBC News - Business https://ift.tt/3arejJ1

'Starbucks fired me for being three minutes late'

Starbucks is fighting efforts by workers in the US to unionise. Is it winning?

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

Property asking prices record first drop this year, says Rightmove

The typical asking price in Britain is down 1.3%, Rightmove says, due to the summer holidays.

from BBC News - Business https://ift.tt/mTBqX2c

Workers going into office just 1.5 days a week, survey suggests

This compares to an average of 3.8 days a week pre-pandemic, research by a consultancy finds.

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

The tech aiming to prevent lost airline luggage

With millions of bags and suitcases going missing this summer, technology may offer the solution.

from BBC News - Business https://ift.tt/OEph2zN

Rail fares in England to rise below inflation rate, ministers say

The increase will also begin in March, rather than January, the government says.

from BBC News - Business https://ift.tt/jl8Utbo

Reduced Avanti West Coast timetable in place due to staff shortages

Operator Avanti West Coast says it is being introduced "to ensure a reliable service".

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

Cost of living: Keir Starmer set to call for energy price cap freeze

The Labour leader will set out his plan on Monday - with no detail yet on how the freeze would be funded.

from BBC News - Business https://ift.tt/N0GZDjh

Saudi Aramco: Oil giant tops own record with $48.4bn quarterly profit

The staggering profit comes amid soaring oil prices in the aftermath of Russia's invasion of Ukraine.

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

Train strikes: Passengers warned of more disruption as drivers walk out

Some rail operators will run no services at all, as 6,500 train drivers walk out in a dispute over pay.

from BBC News - Business https://ift.tt/NfD4Ewa

Meditation app Calm axes 20% of workforce

Boss Daniel Ko said the decision was "especially difficult for a company like ours".

from BBC News - Business https://ift.tt/fJ1TEga

Argentina rate hiked to 69.5% as inflation hits 20-year high

The move comes as figures showed inflation in South America's second largest economy hit a 20-year high.

from BBC News - Business https://ift.tt/86vAzdh

J&J to replace talc-based powder with cornstarch after cancer lawsuits

By 2023 J&J will make all its baby powder using cornstarch following legal battles over talc's safety.

from BBC News - Business https://ift.tt/DoYxq7a

Lee Jae-yong: Why did South Korea pardon the Samsung 'prince'?

Lee Jae-yong, who was convicted for bribery and embezzlement, has been granted a presidential pardon.

from BBC News - Business https://ift.tt/OJVmX8k

People can't wait for energy help - Citizens Advice

The charity voices concerns of delaying support for households bracing themselves for energy bill hikes.

from BBC News - Business https://ift.tt/8d1AoKi

Superdry boss Julian Dunkerton warns people will go to Europe to shop

Tax-free shopping is no longer available to international visitors to Britain.

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

Sainsbury's to stop sale of disposable barbecues

The supermarket is joining other chains in removing barbecues from its shelves for safety reasons.

from BBC News - Business https://ift.tt/OoPHN3T

McDonald's plans to reopen in Kyiv and western Ukraine

The burger chain says it hopes to support a "small but important sense of normalcy".

from BBC News - Business https://ift.tt/KbPDo0T

Supermarkets not passing on lower fuel price - RAC

The margin between the price of fuel at the pump and what retailers buy it for is at its widest since 2013.

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

US inflation eases in July as petrol prices drop

US consumer prices rose at annual rate of 8.5% in July, more slowly than June as petrol prices fell

from BBC News - Business https://ift.tt/SaQ46cL

Avanti West Coast suspends sales and cuts timetables

Avanti West Coast says its limited timetables will run until further notice due to staff shortages.

from BBC News - Business https://ift.tt/C8Vsy6T

China housing crisis: The people living in unfinished apartments

As Chinese developers spiral into debt, people with nowhere else to live have moved into unfinished apartments.

from BBC News - Business https://ift.tt/tr7p0DV

Qantas asks executives to work as baggage handlers for three months

The airline's head of operations has asked for 100 volunteers to fill the roles for three months.

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

JetBlue airline boss over-hiring to beat staff exodus

Low-fare carrier JetBlue said it is a necessary policy when recruiting, as the industry re-starts.

from BBC News - Business https://ift.tt/R4GrJl3

Port Talbot: Tata Steel faces crunch-time, professor warns

There are fears the Port Talbot site may shut if a deal to help cut carbon emissions is not struck.

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

'I'm borrowing £5,000 to pay my energy bills'

Many people are getting desperate as spiralling energy bills start to bite.

from BBC News - Business https://ift.tt/goktA8b

Felixstowe port workers to strike after talks fail

The UK's biggest container port faces an eight-day walkout after staff rejected a pay offer.

from BBC News - Business https://ift.tt/ON0zVSX

Warning energy prices to hit over £4,200 in January

Consultancy Cornwall Insight now forecasts a typical household will pay £4,266 a year for energy,

from BBC News - Business https://ift.tt/jVZEs5I

Cost of living: The people using OnlyFans as a second job to help with bills

A campaign group says more young people are joining the site because of the rising cost of living.

from BBC News - Business https://ift.tt/Yh3LzCc

John Lewis boss: I've never seen the economy like this

Dame Sharon White says worker shortages will fuel inflation further with more people retiring early.

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

Supermarket food could soon carry eco-labels - study

Scientists hope that a scoring system will lead manufacturers to compete over sustainability.

from BBC News - Business https://ift.tt/bS4V2J7

Boris Johnson rules out immediate cost-of-living measures

It comes as business boss Tony Danker warns the UK cannot "afford a summer of government inactivity".

from BBC News - Business https://ift.tt/onHG0e9

Olive oil prices to rise as heatwave hits production

Prices in supermarkets could increase by 20-25% later this year, one leading exporter tells the BBC.

from BBC News - Business https://ift.tt/zICqr5a

China housing crisis: The people living in unfinished apartments

China’s massive economy is being threatened by a crisis in the real estate market. As developers spiral into debt, some people have decided to move into unfinished apartments.

from BBC News - Business https://ift.tt/G59vyiP

Google strikes Cloud deal and invests in CME

Google strikes Cloud deal and invests in CME



Alphabet Inc.’s GOOG +0.72% Google has invested $1 billion in futures-exchange giant CME CME +0.99% Group Inc. and struck a deal to move the company’s core trading systems to the cloud.

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

The American motor industry giant announced last year that it would close its Indian car factories.

from BBC News - Business https://ift.tt/Ks1uTS4

JetBlue Airline boss over-hiring to beat staff exodus

Low-fare carrier JetBlue said it is a necessary policy when recruiting, as the industry re-starts.

from BBC News - Business https://ift.tt/dNDV3fQ

Cost of living: People turning back to cash as prices rise

Post Offices handled a record £801m in personal cash withdrawals in July.

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

The lockdown side-hustles that turned into full-time businesses

The pandemic turned some people into savvy entrepreneurs but how many have ditched their day job?

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

Climate change: Tears of joy as US bill clears Senate hurdle

The plans - which aim to reduce US carbon emissions by 40% by 2030 - still needs House approval.

from BBC News - Business https://ift.tt/NRT7myv

Liz Truss will seek to bring in National Insurance cut immediately

The Tory leadership contender's team believe the move could happen within days if she became PM.

from BBC News - Business https://ift.tt/NQWEoB4

Energy bills: What do I do if I can't pay?

Charities warn against not paying for energy bills as a campaign to refuse to pay builds.

from BBC News - Business https://ift.tt/g892pJG

Is there anything green about plastic grass?

More people are swapping real lawns for fake but experts are worried about its environmental impact.

from BBC News - Business https://ift.tt/g2lmOVc

Port Talbot: Tata Steel faces crunch-time, professor warns

There are fears the Port Talbot site may shut if a deal to help cut carbon emissions is not struck.

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

Cost of living: Over a third cut back on essentials

More than a third of Britons are cutting back on food to cope with higher costs, a new report has shown.

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

Felixstowe: Workers at key UK port to strike for eight days

Around 1,900 staff at Britain's largest container port will walk-out in a dispute over pay.

from BBC News - Business https://ift.tt/xS3HXu4

Bank's recession warning matters to everyone

Times are already hard but the Bank of England says they'll get worse and stay that way until late 2023

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

How will a recession hit the UK housing market?

The UK economy is forecast to shrink this year but what will it mean for first-time home buyers?

from BBC News - Business https://ift.tt/NlhRy9u

US jobs growth jumps in July despite slowdown fears

Firms added far more jobs than expected last month as interest rates rise to tackle inflation.

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

Bank of England governor defends rate hike to stop lasting price rises

Bank of England governor Andrew Bailey defends decision to raise interest rates by the most in 27 years.

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

Evergrande gets $818m as football stadium land deal cancelled

The announcement comes as the heavily-indebted Chinese property firm tries to raise cash to repay debt.

from BBC News - Business https://ift.tt/mY2Ny7d

UK hiring slowing down as recession looms

The recruitment blitz that followed the pandemic is cooling, according to a jobs report.

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

What is a recession and how could it affect me?

The Bank of England is predicting a recession later this year - what does that mean?

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

Bank of England warns the UK will fall into recession this year

The UK is expected to shrink until the end of 2023 in the longest downturn since the financial crisis.

from BBC News - Business https://ift.tt/ZDpbNd0

UK interest rates: How does a rise affect me?

Interest rates are one of the main tools used to keep the UK economy growing steadily.

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Cost of living: Small garages want petrol prices cut at chains

Independent fuel sellers say supermarkets are not reflecting wholesale costs at the pump.

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M&S stops selling disposable barbecues across UK

The supermarket says the move is due to "unusually hot and dry conditions".

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Dyson fined £1.2m after milling machine fell on worker

The company has been fined after a 1.5 tonne machine fell on a worker at its Wiltshire factory.

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Bain consultancy banned from government work over 'misconduct'

The management consultancy cannot work for the UK government for three years over 'misconduct' in South Africa.

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Oil producers to raise output but at slower pace

Opec+ members will pump an extra 100,000 barrels a day in September, an amount some say is "meaningless".

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Robinhood cuts nearly a quarter of staff as crypto dives

The trading platform, which is popular with amateur investors, reported a large drop in revenues.

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Thousands of small firms go bust owing millions in bounce back Covid loans

While most went broke for legitimate reasons, 260 directors have been disqualified for misuse of money.

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Uber attracts record number of drivers as cost of living bites

The ride-hailing app had been facing a driver shortage, leading to long waiting times for customers.

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House prices climb 11% despite cost of living squeeze

But the Nationwide says there are signs of a slowdown and interest rate rises could cool the market.

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BP reports huge profits as energy bills soar

The firm reported profits of $8.45bn in the second quarter of the year as oil and gas prices jumped.

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Cost of living: Energy bills forecast to hit £3,615 a year

Many families are already facing soaring costs, with UK inflation at the highest in 40 years.

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Ambani and Adani: Asia's richest men face off in India 5G battle

Mukesh Ambani and Gautam Adani are likely to become telecom rivals as India rolls out 5G technology.

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What could Saudi Arabia and UAE do to help lower oil prices?

The world's biggest oil producers remain reluctant to turn on the taps.

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BA suspends sales of short-haul tickets from Heathrow

The airline suspends sales for a week in response to the airport's cap on passenger numbers.

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New property register aims to stop money laundering

The move is part of economic sanctions in response to the Russian invasion of Ukraine.

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How much do women footballers get paid?

BBC analysis shows a wide gap between leading male and female players' wages but could that be able to change?

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