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Friday, September 30, 2022

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

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

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Liz Truss admits disruption after tax cut pledges

The prime minister acknowledges that her economic plans will "involve disruption in the short term".

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Phil Collins and two Genesis bandmates sell song catalogue for a reported $300m

The deal is one of the biggest in music history, approaching the sum paid for Bob Dylan's music.

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EU agrees windfall tax on energy firms

The EU has agreed to implement levies on energy firms which are benefiting from soaring gas prices.

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New growth figures suggest UK not in recession

The economy grew in the second quarter of this year, but it remains smaller than pre-Covid levels.

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Thursday, September 29, 2022

Nike feels squeeze from strong dollar and discounts

The sportswear giant's shares fell by more than 9% in after-hours trading in New York.

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US points finger at Russia over gas pipeline sabotage

US Energy Secretary Jennifer Granholm tells the BBC its unlikely Nord Stream leaks are coincidence.

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Mini-budget: PM to meet head of OBR following market turmoil

Liz Truss and the chancellor will meet the OBR as a group of MPs call for its forecast to be released.

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Kwarteng: We're sticking to our growth plan

Chancellor Kwasi Kwarteng has said he will stick to his tax cut plan despite pressure to U-turn.

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Wednesday, September 28, 2022

Thousands complain to HMRC about tax repayments

The number of people complaining to HMRC about companies claiming tax repayments on their behalf has tripled in two years, a BBC investigation finds.

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Rail strikes: Passengers urged not to travel during walkout

Network Rail say just one in 10 services will run and some areas will have no trains on Saturday.

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Bank emergency move driven by pension fund fears

The tax-cutting plans in Friday's mini-budget sparked unprecedented moves in financial markets.

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Draw up plan for cuts, government departments told

The Treasury rejects calls to abandon last week's mini-budget in the face of market turmoil.

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How much money is the UK government borrowing?

How does a government borrow money, and when does it have to pay it back?

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Emergency Bank move will not solve the problem

This is a huge intervention that will buy the government time but not solve its problems.

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Mortgage deals withdrawn in record numbers over rate rise fears

The number of mortgage products available has now halved since the start of December.

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Tuesday, September 27, 2022

Cost of living: Margarine prices rise, but blueberries get cheaper

Food inflation soared to its highest rate on record in September, according to an index.

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IMF sounds alarm on UK tax cut plans

The UK government proposals will work at "cross purposes" with the cost-of-living fight, the IMF says.

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Royal Mail workers to hold 19 days of strike action

It will cover the Christmas build-up, including key shopping days Black Friday and Cyber Monday.

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Bank of England economist hints at 'significant' rate rise

The central bank's chief economist signalled in a speech it could not be 'indifferent' over the pound's slump.

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Irish budget: Finance minister unveils tax 'giveaways'

Paschal Donohoe says he is in a position to do so because the country has a large budget surplus.

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Nord Stream: Mystery leaks in Russia gas pipelines spark warnings

The Nord Stream undersea gas network to Europe has sustained "unprecedented" damage in recent days.

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Monday, September 26, 2022

iPhone in India: Apple makes new handset in India in shift from China

The announcement marks the technology giant's latest move to diversify its supply chains outside China.

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Cost of living: Millions forced to turn to second jobs, report finds

More than five million people have taken on additional jobs, according to a report by Royal London.

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Russia's gas pipeline leaking into Baltic Sea - Denmark

Denmark sets up a banned zone near the Bornholm island, where a Nord Stream 2 leak is reported.

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Mortgage lenders halt some deals after pound falls

Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers.

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Bank will 'not hesitate' to hike interest rates after pound's fall

The Bank of England will not hold an emergency meeting to set interest rates after the pound fell.

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TikTok may be fined £27m for failing to protect children

The video-sharing platform has been issued with a final notice of intent by the UK's data watchdog.

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Aldi boss: Shoppers are 'switching in their droves'

The discounter gains 1.5 million new customers in 12 weeks, says UK chief executive Giles Hurley.

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Sunday, September 25, 2022

Labour rival Tories with industry plan for economic growth

The shadow chancellor will pledge to boost UK industry by investing in green energy and technology.

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Pound slumps to all-time low against dollar

Sterling plunged by 4% in early Asia trade to the lowest level since decimalisation in 1971.

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Electric car charging costs nearing petrol prices for some - RAC

The RAC suggests the soaring cost of charging an electric car could soon put people off buying them.

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Keir Starmer: Labour would reverse cut to top income tax rate

Scrapping the 45% rate is the "wrong choice" during a cost-of living crisis, the Labour leader says.

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Kwasi Kwarteng: I want to keep cutting taxes

Tax cuts will help to boost growth, says chancellor, as government also looks at relaxing immigration.

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Saturday, September 24, 2022

Kwasi Kwarteng's tax cuts benefit top 1%, Labour says

The government is taking a dangerous gamble, Angela Rayner says, but ministers argue tax cuts will get the economy growing.

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Friday, September 23, 2022

Goldman Sachs: Sexual assault claims revealed in pay bias suit

Goldman Sachs is accused of "boys' club" culture that discriminated against women.

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'We'll be lucky to keep our heads above water'

The BBC talked to households and businesses to get their reactions to the mini-budget.

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Chancellor Kwasi Kwarteng vows to end 'cycle of stagnation' in mini-budget

Chancellor Kwasi Kwarteng announces the biggest tax cuts since 1988 in a major change of economic policy.

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Thursday, September 22, 2022

Bosses think workers do less from home, says Microsoft

A new survey from Microsoft suggests that workers and bosses disagree about productivity.

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Avanti West Coast boosts services after timetables cut

Avanti West Coast says services will be further boosted once 100 new drivers complete training.

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Tesla ordered to recall more than a million US cars

The US car-safety watchdog says a window glitch is affecting all four Tesla models.

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Manchester United announce net loss of £115.5m for 2021-22

Manchester United announce a net loss of £115.5m for the 2021-22 season even though revenues rose by 18% to £583.2m.

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Rail strikes: New date set for 40,000 workers to walk out

It is the latest walkout in a long-running dispute over pay, jobs and conditions.

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Mini-budget: When is it and what could be in it?

The chancellor is expected to announce tax cuts to help boost the economy.

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Wednesday, September 21, 2022

Hundreds of 999 call handlers to join strikes in October

Emergency call centre staff will join 40,000 BT workers walking out in October, their union says.

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US interest rates hit 14-year high in inflation battle

The US unveils another sharp rate rise as it fights to bring soaring prices under control.

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Tax cut 'gamble' will make debt unsustainable, says IFS

The Institute for Fiscal Studies says UK borrowing is on an "unsustainable" path.

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Energy bills: New law will force landlords to pass on £400 rebate

Charities had raised concerns tenants with all-inclusive bills could miss out on the support.

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'Panic not over' on energy prices for some small firms

Some companies have warned a six-month cap on gas and electricity costs will not provide long-term security.

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Germany nationalises gas giant amid energy crisis

The German government is taking a 98.5% stake in Uniper, one of the country's biggest suppliers.

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Cambridge-based Aveva agrees to French energy firm's buyout

The headquarters of the UK software company will remain in Cambridge, Schneider Electric says.

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Tuesday, September 20, 2022

Channel 4: New culture secretary 're-examining' case for privatisation

The new culture secretary says "we're making sure that we still agree with that decision".

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Treasury refuses to publish UK economic forecast

The UK's independent forecaster has provided an updated outlook for the economy, the BBC understands.

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Firms in four-day week trial will make it permanent

Many companies taking part in the scheme say productivity has been maintained or improved.

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Mike Ashley to leave board of Sports Direct group

The billionaire will step down from Frasers Group's board and provide the firm with £100m of funding.

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Monday, September 19, 2022

Beyond Meat: Vegan food executive accused of biting man's nose

Beyond Meat's Douglas Ramsey reportedly got into a row after an American football match in Arkansas.

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Molly Russell's inquest to put focus on big tech

The teenager's inquest begins today and some see it as test of the power of US tech giants.

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Reliance Industries: Daughter rises in Mukesh Ambani’s succession plan

Isha Ambani has been groomed to join the Reliance empire, unlike other women in her family.

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After 'slow start', US companies embrace refugees

As the world's refugee crisis is pushed to the brink, some corporations finally start to respond.

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Will Liz Truss's economic plans make us richer?

The chancellor will unveil tax cuts on Friday as part of a bid to boost the UK economy.

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Grand Theft Auto VI footage leaked after hack, developer Rockstar confirms

More than 90 images and videos were leaked from the franchise's next instalment, developer Rockstar confirms.

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Off-gridders take energy needs into their own hands

Natural disasters have spurred some communities and homeowners to generate their own electricity.

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Queen's funeral: Mourners face severe rail delays to London and Windsor

No trains are running in or out of London Paddington as mourners descend on London and Windsor.

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Sunday, September 18, 2022

Porsche IPO: Luxury car maker valued at up to $75bn in share sale

The stock market flotation is set to be Germany's second-largest ever initial public offering.

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eBay bans sale of Queen lying-in-state wristbands

Different coloured bands which mark mourners' place in the queue were being offered as memorabilia.

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Friday, September 16, 2022

Transport bosses warn mourners of London queues

Huge numbers of people are expected to head to London on Monday for the funeral of Queen Elizabeth II.

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Uber investigating hack on its computer systems

A hacker was apparently able to gain access to the company's internal systems.

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Thursday, September 15, 2022

Amazon workers in Coventry 'making history' with strike ballot

Staff at the Coventry warehouse are voting on whether to strike amid a row over a pay offer.

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US mortgage rates hit 14-year high as inflation soars

For families hoping to buy a home, the moves compound affordability problems.

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First US rail strike in 30 years averted with tentative deal - Biden

A strike would have impacted millions and cost the economy an estimated $2bn (£1.7bn) a day.

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Cost-of-living calendar – dates for your diary

Dates to look out for over the next few months that might have an impact on your finances.

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French air traffic strike to affect thousands of passengers

Ryanair cancels more than 400 flights because of the action on Friday, affecting 80,000 passengers.

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Tax-cutting mini Budget on Friday next week

Questions had been raised over when the "fiscal event" would take place after the death of the Queen.

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Wednesday, September 14, 2022

Patagonia: Billionaire boss of fashion retailer gives company away

Yvon Chouinard will give all of the fashion company's profits to a charity fighting climate change.

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Kwasi Kwarteng considers scrapping bankers’ bonus cap to boost City

The new chancellor believes removing a cap on bankers' bonuses could boost growth in the City.

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California says Amazon's dominance drives up online prices

America's most populous state sues the retail giant for alleged breaches of competition law.

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Citi offers junior bankers sun with Malaga office

The US investment bank has opened a new office on the Costa del Sol to help recruit junior staff.

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Queen Elizabeth II: First night trains for mourners set to depart

Night services will start on Wednesday after a busy day on London's trains and tubes.

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Asda limits sales of Just Essentials budget range

The supermarket temporarily limits purchases in its Just Essentials range, blaming soaring demand.

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Foxconn and Vedanta to build $19bn India chip factory

This is the third semiconductor plant announced in India, which is aiming to be a global chipmaker.

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Tuesday, September 13, 2022

Queen's favourite brands hope to keep Royal Warrants

When Queen Elizabeth II passed away, more than 600 Royal Warrants passed with her.

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Twitter shareholders approve $44bn Musk deal

Twitter shareholders have approved a $44bn deal for the world's richest man to buy the company.

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Backlash as Center Parcs to close for Queen's funeral

Holidaymakers have been told they must leave Center Parcs sites for a day or go home early.

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Twitter misleading the public, whistleblower says

Twitter's former head of security Peiter Zatko has been giving evidence to US lawmakers.

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Lower petrol prices help to slow US inflation

Inflation slips to 8.3%, but non-fuel costs continue to climb, putting pressure on the White House.

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Monday, September 12, 2022

Financial giant Goldman Sachs set for thousands of layoffs

The global investment bank said in July it might slow hiring as the economic outlook worsens.

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Rich to get twice as much cost of living support, says think tank

The Resolution Foundation says limits on energy bills were needed, but the rich will benefit more.

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Should billboard advertising be banned?

Campaigners want to see the end of all outdoor advertising, calling it "sight pollution".

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Mini Budget still planned for this month, No 10 says

A "fiscal event" to outline funding to tackle the cost-of-living crisis is still due to take place.

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John Lewis and Homebase among shops closing for Queen's funeral

Supermarket chain Waitrose is also among the retailers who will shut on Monday 19 September.

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Mourners set to create 'unprecedented' demand for travel to London

Transport bosses say they expect "unprecedented" numbers on railways and roads to London.

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Domestic energy customers will hear soon about their tariff

Detail from the government show fixed rates will be discounted but could still be higher than others pay.

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Discounts for cutting peak-time electricity use too low, energy firms say

Two UK energy firms say a plan to offer discounts on bills could fail if people are not offered more.

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Tom Scholar: Former top civil servants hit out at Treasury boss sacking

Sir Tom Scholar's sacking compromises the civil service's independence, a former cabinet secretary says.

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Japan could lift cap on foreign tourists to lift economy

Officials are concerned at the yen's slide to its lowest level against the US dollar in 24 years.

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UK economy grows in July but misses forecasts

The Women's Euro Championship helped boost growth though expansion was weaker than expected.

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Sunday, September 11, 2022

Queen Elizabeth II: Trains to London likely to be 'extremely busy'

Train travel in the mourning period for the Queen is likely to be "extremely busy", the rail operator warns.

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Friday, September 9, 2022

Energy price cap: Questions firms need answers to

Firms will get energy price support for six months, but they say many questions remain unanswered.

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Smart motorways: Lack of hard shoulder contributed to death - coroner

Nargis Begum, from Sheffield, died after her car broke down on the M1 and was hit by another vehicle.

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Bank of England delays interest rate decision after Queen's death

The UK's central bank postpones its meeting by a week "in light of the period of national mourning".

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Energy firms will contact customers over bill cuts

Households will be told how the plan to reduce energy bills announced by Liz Truss will affect them.

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Royal rebranding: What will happen to stamps, coins, banknotes and passports?

We're used to seeing Queen Elizabeth II's portrait and coat of arms in our change and on cereal boxes.

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Thursday, September 8, 2022

Warning millions will still need extra help with energy bills

Government support with rising energy costs is welcome but may not be enough, say campaigners.

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Some strike action cancelled after the Queen's death

Strike action by postal workers and RMT train staff has been cancelled following the death of the Queen.

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Apple founder's daughter mocks new iPhone

Model and equestrian Eve Jobs appears unimpressed by the tech giant's new features on its latest iPhone.

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Eurozone interest rates in record rise to fight inflation

The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone.

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What the new Liz Truss energy plan means for you

The government will borrow tens of billions of pounds to limit energy bill rises. What does it mean for you?

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Energy bills to be capped at £2,500 for typical household

New Prime Minister Liz Truss unveils a multi-billion pound plan to limit energy bill rises from October.

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Wednesday, September 7, 2022

Kim Kardashian adds private equity firm to her portfolio

Reality TV star is the latest celebrity to build on her billion dollar brand in private investments.

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Liz Truss set to unveil plans to cut energy bills for millions

The government could borrow £100bn to cap the typical household energy bill at around £2,500 a year.

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Avanti West Coast: Government considers withdrawing rail operator's contract

A transport minister tells MPs that Avanti West Coast's contract could be withdrawn.

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Beavertown Brewery bought out by Heineken

London-based Beavertown has become the latest craft beer brewer to be taken over by a drinks giant.

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OEUK calls on government for rapid North Sea action

Offshore trade body says urgent government action is needed to maximise the UK's energy security.

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Inflation to be 'significantly lower' than expected under bills plan

Plans by Liz Truss to cap energy bills may mean inflation peaks at 10.8%, says Goldman Sachs.

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Tuesday, September 6, 2022

US bars 'advanced tech' firms from building China factories for 10 years

The US has barred chip companies that get federal funding from building advanced facilities in China.

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Warning that firms will fail without energy bill help

Tens of thousands of businesses could go under without government support, say insolvency experts.

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Holiday Inn hit by cyber attack

The chain, run by Intercontinental Hotel Group, said their online services were facing disruptions.

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Who is Kwasi Kwarteng? New UK chancellor likes a challenge

The new UK Chancellor Kwasi Kwarteng is a past winner of University Challenge - and a key ally of Liz Truss.

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Firefighters and control room staff could strike over pay

Union leaders say the move follows a 2% pay offer which has not risen despite rising inflation.

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Monday, September 5, 2022

Jetstar apologises to stranded passengers in Bali

Flight cancellations by Qantas' budget airline stranded thousands of passengers in Bali over the last week.

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Locations revealed for new shared banking hubs

Customers of any bank will be able to withdraw and deposit cash, but the new hubs will not open immediately.

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Instagram fined €405m over children's data privacy

The regulator found some children's business accounts had been set to public by default.

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TransPennine: Under-pressure rail firm to run reduced timetable

Staff sickness and a backlog in training are blamed for cuts to TransPennine Express services.

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Gas prices soar 26% after Russia keeps key pipeline closed

The continued closure of Nord Stream 1 has added to concerns about energy supplies this winter.

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Australia liquor store hiring with 10-minute interviews

Dan Murphy's in Australia is holding quick 'on-the-spot' interviews to beat staff shortage.

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New PM's energy bill options to include freeze plan

Energy industry sources tell the BBC they expect an overall freeze in bills to be announced this week.

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Sunday, September 4, 2022

Bed Bath & Beyond finance chief falls to his death in NY

Police say Gustavo Arnal fell from a skyscraper as the retailer is struggling with sales and debt.

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Workplace accidents: Inside India's 'factories of death'

Are the country's efforts to become an industrial powerhouse coming at the cost of workers' safety?

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Calais: Ferry companies apologise for long waits

Travellers returning home from their summer breaks in Europe report lengthy queues at the French port.

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It's fair to give wealthiest more money back - Truss

The Tory leadership hopeful says Tory policy on distribution of income has failed to grow the economy.

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Friday, September 2, 2022

Bus fare cap: England charges to be held at £2 for three months

The measure will run from January to March and cost £60m, the government announces.

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Avanti West Coast boss to step down

Train firm boss Phil Whittingham will step down following timetabling issues at the train firm.

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UN FAO's global food prices fall for fifth month in a row

The UN FAO's food prices index has fallen to a lower level than before Russia invaded Ukraine.

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Ukraine war: G7 agrees to impose price cap on Russian oil

Members of the Group of Seven say the move will hurt Russia's ability to finance its war on Ukraine.

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US jobs growth slows in August

The US economy added 315,000 new jobs last month, far fewer than the number created in July

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Scottish firms facing 200% energy bill rises 'are the lucky ones'

The body which speaks for Scotland's small businesses says hikes of 500% are not unusual.

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Thursday, September 1, 2022

Uncertainty remains over some people's energy rebates

Park home residents, tenants and others will receive cost of living payments but uncertainty remains.

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When are the second cost-of-living payment and £400 energy rebate due?

More payments to help with the cost of living will be paid later in the year as bills soar.

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Let's talk: 'Therapy is not weak or unnecessary'

Living through a global pandemic boosted demand for therapy as people sought help with their mental health.

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Campaign to ensure mothers receive state pension

An unknown number of women who spent time looking after children in the 1980s and 1990s have been underpaid.

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Microsoft Activision deal could lessen competition, UK watchdog finds

The $69bn takeover of the Call of Duty maker may now be investigated in-depth by a UK watchdog.

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Sizewell C: Boris Johnson 'confident' nuclear plant will go ahead

Boris Johnson pledges £700m for the project in Suffolk, adding a decision is likely within weeks.

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Pound slides as fears mount for UK economy

The British currency fell 5% against the dollar in August as recession looms.

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Russian oil chief Maganov dies in 'fall from hospital window'

The death of Lukoil boss Ravil Maganov is the latest mysterious death involving a Russian business figure.

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What will happen to energy bills and mortgages? Upcoming dates to be aware of

Dates to look out for over the next few months that might have an impact on your finances.

from BBC News - Business https://ift.tt/23LYO1M

N Korea hackers stole $1.3bn of crypto this year - report

Some incidents may be linked to North Korean IT workers infiltrating tech firms, according to research firm Chainalysis. from BBC News htt...