UK battery firm Britishvolt averts collapse as funding secured

There were fears Britishvolt could run out of money after the government refused to advance funding.

from BBC News - Business https://ift.tt/30e4JLp

Christmas turkey fears as England bird flu rules widened

The government rules aim to contain the country's largest ever bird flu outbreak.

from BBC News - Business https://ift.tt/dR4yGuZ

Instagram bug tells some users accounts are suspended

Some have received a message saying their account has been stopped for 30 days.

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

LEVC: Coventry taxi-maker announces 140 job cuts

LEVC, which makes an electric version of the iconic London cab, blames the effects of the pandemic.

from BBC News - Business https://ift.tt/mj18GrU

Mother wins £60,000 over Morrisons discrimination

Donna Patterson said the supermarket had mistreated her after she returned to work from maternity leave.

from BBC News - Business https://ift.tt/K57hlRP

UK battery firm Britishvolt near collapse as seeks funding

Britishvolt is understood to be facing administration after failure to get funding for a gigafactory.

from BBC News - Business https://ift.tt/K9Mz0fI

Musk Twitter takeover: Billionaire denies report he plans to fire workers to avoid payouts

The world's richest man completed his takeover of the platform last week after months of legal wrangling.

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

£400 energy support vouchers going unclaimed

Many customers with non-smart prepayment meters have not cashed in vouchers aimed at helping with bills.

from BBC News - Business https://ift.tt/ea5VvDn

Apple: Chinese workers flee Covid lockdown at iPhone factory

Video shared online shows people jumping a fence to escape the plant, owned by Foxconn, in Zhengzhou.

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

Ukraine war: Russia halts grain deal after 'massive' Black Sea Fleet attack

The UN says it is vital not to imperil the deal, as Ukraine accuses Russia of "using a false pretext".

from BBC News - Business https://ift.tt/0SM9zc3

New ground as tech aims to help boost soil health

As much of the world's earth has been degraded, efforts are being made to improve matters.

from BBC News - Business https://ift.tt/7FEcY6K

Octopus Energy to take over collapsed supplier Bulb

Bulb's 1.5 million customers will not experience any change to energy supplies, the UK government says.

from BBC News - Business https://ift.tt/ptNTQJ5

'You think twice about driving': Fuel prices rise again

The rise in diesel and petrol prices is having a particularly tough impact in rural areas.

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

Elon Musk clears out Twitter bosses in $44bn deal

The social media platform's management begins to exit as the billionaire seals his takeover of the firm.

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

What next for Twitter under Elon Musk?

The BBC's technology editor looks at the path ahead for the tech company and the billionaire.

from BBC News - Business https://ift.tt/qaM9i4x

Elon Musk completes $44bn Twitter takeover

Twitter's chief executive and finance boss are reportedly ousted as the tycoon acquires the social media platform.

from BBC News - Business https://ift.tt/WdCSm1g

Sliding yen: What is happening to the Japanese currency?

The country's central bank is expected to keep interest rates below zero even as the currency slides.

from BBC News - Business https://ift.tt/gvo9DzS

US economy resilient despite rising prices

News of better-than-expected growth comes weeks before the midterm elections.

from BBC News - Business https://ift.tt/W9Kq0Cu

Lloyds predicts UK house prices will fall 8% next year

The UK's biggest mortgage lender says property prices will drop next year then stagnate for another four.

from BBC News - Business https://ift.tt/S3Liqt5

Rail fare dodging fine to jump by £80 in England

The Department for Transport said penalty fares on the railways will rise from £20 to £100 in January.

from BBC News - Business https://ift.tt/ucAtHL9

Credit Suisse cuts 9,000 jobs to stem losses

After a series of scandals and financial losses the Swiss banking giant is cutting jobs and restructuring the business.

from BBC News - Business https://ift.tt/ytPr5Ls

California's cannabis-growing nuns pray for profits

The income the Sisters of the Valley make from growing cannabis is at half its pre-pandemic level.

from BBC News - Business https://www.bbc.co.uk/news/business-63393214?at_medium=RSS&at_campaign=KARANGA

Twitter: Elon Musk visits HQ as deal deadline looms

Elon Musk changed his Twitter bio to "Chief Twit" ahead of the Friday deadline to complete its acquisition.

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

Pensions: Downing Street refuses to commit to triple lock

Last week Rishi Sunak's predecessor said she was committed to raising pensions in line with prices.

from BBC News - Business https://ift.tt/4d6xC2f

Mercedes-Benz becomes latest Western company to pull out of Russia

The company said it did not expect the move to have a significant effect on profitability.

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

Moving electric Mini production to China unfortunate, minister says

The first electric Mini was built in Oxford in 2020 but BMW is shifting production out of the UK.

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

Heathrow warns normal passenger levels years away

The airport says it is unlikely to see passenger numbers return to pre-pandemic levels for years.

from BBC News - Business https://ift.tt/JQXiRw4

China Covid: Universal Resort shuts due to Beijing coronavirus cases

The park did not say when it would reopen, but pledged to refund or reschedule tickets.

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

Energy bill help for all is too expensive, warns the World Bank

Some Covid help was not targeted enough and the same is happening with energy bills, its president says.

from BBC News - Business https://ift.tt/CcVsQW9

Google and Microsoft hit by slowing economy

The tech giants say customers are cutting back amid growing signs of an economic downturn.

from BBC News - Business https://ift.tt/m1ALKFj

Ford Fiesta car set to be discontinued as model scrapped

The BBC understands executives are planning to announce the production will end as early as next year.

from BBC News - Business https://ift.tt/5T7s6A0

Rail strike date moved over London Poppy Day clash

The RMT union says planned strike action by rail workers has been postponed for six days.

from BBC News - Business https://ift.tt/4qJ1OLZ

Rishi Sunak: What will the new PM mean for my money?

The new prime minister says there are "difficult decisions to come" and that could affect our finances.

from BBC News - Business https://ift.tt/S9DrlhT

Adidas cuts ties with rapper Kanye West

The fashion giant said it does "not tolerate antisemitism" after the rapper's recent remarks.

from BBC News - Business https://ift.tt/ARMd8aN

Can Sunak steer economy through 'profound crisis'?

The new prime minister must restore market credibility, tackle inflation and drive growth.

from BBC News - Business https://ift.tt/n2RPO1p

China shares slide in US as Xi starts historic third term

Investors fear the world's second largest economy will be held back by its tough Covid restrictions.

from BBC News - Business https://ift.tt/7NdRCY8

Competition regulator needs teeth to curb big tech, MPs say

They urge publication of a draft bill that could see firms fined 10% of turnover for market abuses.

from BBC News - Business https://ift.tt/eF9BlkA

Energy crisis pushing people onto prepayment meters, says Uswitch

Uswitch says prepayment meter users are more likely to be vulnerable and at risk of running out of credit.

from BBC News - Business https://ift.tt/6cfG7y5

First-time buyers hit by drop in mortgage deals

Those with smaller deposits are likely to have less choice from lenders, figures show.

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

UK set to be sick man of Europe, says Tory backer

Guy Hands, a leading investor, says the UK faces higher taxes, lower benefits and a possible IMF bailout.

from BBC News - Business https://ift.tt/JYg1iWo

Sports Direct-owner Frasers lifts Asos and Hugo Boss stakes

Frasers Group is now the fourth-largest shareholder in Asos, which owns the Topshop brand.

from BBC News - Business https://ift.tt/FxXh16B

Pound steady as Rishi Sunak seen on track to become PM

Sterling initially rose against the dollar after Boris Johnson dropped out of the leadership contest.

from BBC News - Business https://ift.tt/v6xO7pM

What we just learned about China's economy

On Monday, the country announced economic growth figures, after they were postponed last week.

from BBC News - Business https://ift.tt/n2shOAc

Royal Mail: 100 days left to use stamps without a barcode

Royal Mail says everyday stamps that do not have a barcode will no be longer valid after 31 January.

from BBC News - Business https://ift.tt/leyPb8H

UK faces tougher austerity era - ex-Bank chief

Former Bank of England governor Lord King says people could face "significantly higher taxes".

from BBC News - Business https://ift.tt/FCzKt3G

Cost of living: Why more Australians are giving up their pets

The cost of pet food has soared in Australia due to the pandemic and the Ukraine war.

from BBC News - Business https://ift.tt/IGm2UNL

Dietrich Mateschitz: Red Bull co-owner & energy drink giant dies aged 78

Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, dies aged 78.

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

Avanti West Coast rail services axed amid strike action

Only one Avanti service per hour will run from London to Manchester, Liverpool and Glasgow.

from BBC News - Business https://ift.tt/H65bA0V

Moody's: UK's economic outlook now 'negative', ratings agency says

Political instability and high inflation in the country means it is less likely to pay back debts, the ratings agency says.

from BBC News - Business https://ift.tt/N2yAHbQ

Spain lifts final Covid rules for UK travellers

British holidaymakers will no longer have to provide Covid or vaccination status to get into Spain.

from BBC News - Business https://ift.tt/wAS4FUa

Tesco raises meal deal price as food costs soar

It is the first time in 10 years the popular lunch choice has gone up for all customers.

from BBC News - Business https://ift.tt/VnxrL1N

Falling pound: What does it mean for me and my finances?

The pound has fallen against the dollar as the UK's financial and political turmoil continues.

from BBC News - Business https://ift.tt/V0gfOsu

Inflation: Warning eight million struggling to keep up with bills

Some 7.8 million people in UK finding bills "a heavy burden", a watchdog warns.

from BBC News - Business https://ift.tt/rRTFJ16

‘I worry about affording rent’

Average monthly rents reach £1,162 outside London, leaving renters like Ben McNeil counting the cost

from BBC News - Business https://ift.tt/s91xcD7

National Grid raises discounts for off-peak electricity use

Households will get a discount of £3 per kw/h instead of 52p off bills, National Grid says.

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

Amazon could pay UK shoppers £900m compensation

A group-action claim alleges Amazon breached competition law and caused customers to pay higher prices.

from BBC News - Business https://ift.tt/PzeQXt6

Amazon workers fail to reach strike threshold in historic UK ballot

GMB says it was three votes short of reaching the 50% threshold needed for industrial action.

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

Mortgage rates hit fresh 14-year highs

Average two- and five-year fixed rates have jumped to 6.65% and 6.51% respectively.

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

Investors remain calm despite political chaos

One analyst says investors are "watching in a kind of stunned, open-mouthed horror" at political events.

from BBC News - Business https://ift.tt/hnLPJf0

'I was left with no hours, no wages - nothing'

New research suggests women are more likely than men to work in jobs with unpredictable pay and hours.

from BBC News - Business https://ift.tt/2Clj1Vc

Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

With economic gloom on the US's horizon, the tech giant's boss points out warning signals.

from BBC News - Business https://ift.tt/y0uVMsc

Joe Biden's unusual fight to bring down gas prices

The US president has gone to unusual lengths to try to rein in the price of fuel.

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

Bank of England wasn't briefed on mini-budget

The government did not tell the Bank about its tax cut plans, says deputy governor Sir Jon Cunliffe.

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

Amazon UK makes cautious move into insurance sales

The store will initially focus on home insurance and has just three insurers on board.

from BBC News - Business https://ift.tt/hZG02Cb

Great British Railways transport bill shelved

The transport secretary admits the full plan for overhauling how the railways are run will be delayed.

from BBC News - Business https://ift.tt/qW8Debc

Meta ordered to sell Giphy by UK's competition watchdog CMA

The social media giant says it is disappointed with the ruling but will accept it.

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

RMT announces November rail strike dates

There will be fresh Network Rail strikes on 3, 5 and 7 November as part of a dispute over pay

from BBC News - Business https://ift.tt/Vs0FITl

Cement firm Lafarge pleads guilty to supporting ISIS

Cement giant Holcim's Lafarge pleaded guilty in the US over its payments to Islamic State.

from BBC News - Business https://ift.tt/X09hEQG

UK's mini-budget U-turn welcomed by IMF

The reversal of the government's tax cuts will help the UK fight soaring inflation, the IMF says.

from BBC News - Business https://ift.tt/tNv5YJH

Mini-budget scrapped: A simple guide to why plan was dropped

Eight steps to understand why the financial turmoil matters to mortgage payers and everyone else.

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

Two-year mortgage rates hit fresh 14-year high

The average two-year fixed rate deal has risen above 6.5%, the highest since the 2008 financial crisis.

from BBC News - Business https://ift.tt/G0ABQo8

Nord Stream blast 'blew away 50 metres of pipe'

Danish police say explosions damaged two pipelines built to bring Russian gas to Germany.

from BBC News - Business https://ift.tt/yhZI50g

UK workers face a two decade-long wage squeeze, says TUC

The outgoing head of the TUC warns people have been pushed to "breaking point" with no real pay rises.

from BBC News - Business https://ift.tt/ZT5jUr7

China congress: Beijing delays key economic figures as leaders meet

Closely-watched growth data for the world's second largest economy was due to be released on Tuesday.

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

Rent increases: What you can do about a rise from your landlord

The BBC's Lora Jones tells you four things you can do, if your landlord asks for more money.

from BBC News - Business https://ift.tt/96ygsoj

Plan to lift banker bonus cap to go ahead

Jeremy Hunt dismantled much of the mini-budget, but has kept scrapping the cap on banker's bonuses.

from BBC News - Business https://ift.tt/mWlAvH7

Two thirds of tax cuts from mini-budget reversed

New chancellor Jeremy Hunt said "almost all" of the cuts announced by his predecessor in September would go.

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

What Jeremy Hunt's statement means for you

The new chancellor has outlined a host of policy changes. This is how is affects your finances.

from BBC News - Business https://ift.tt/Ui8sB6r

Chancellor to fast track tax and spending measures

The move is designed to help reassure jittery markets before they open in London this morning.

from BBC News - Business https://ift.tt/E9HLUuM

Star casino: Record fine for Australian operator over money laundering

An inquiry earlier this year found "breathtaking" misconduct by The Star Entertainment Group.

from BBC News - Business https://ift.tt/SsQr8vK

Pound moves higher in Asia trade after U-turns

The British currency gained 0.5% against the US dollar in early Asia trading on Monday.

from BBC News - Business https://ift.tt/nAhXQ5s

Tesco warns public faces hardship in wake of interest rates rise

John Allan told the BBC he feels a "moral responsibility" to help those affected by rates going up.

from BBC News - Business https://ift.tt/nYs2g7o

Jeremy Hunt to join Liz Truss at Chequers for talks on economic plans

The new chancellor warns of "very difficult decisions" as he heads to Chequers to hold talks with the PM.

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

Bank of England chief warns of fresh interest rate hike

Andrew Bailey also describes his conversations with Chancellor Jeremy Hunt as a "meeting of minds".

from BBC News - Business https://ift.tt/Djx2pK3

Electric Mini production to move to China

The first electric Mini was built in Oxford in 2020, but most will now be made in China.

from BBC News - Business https://ift.tt/3aLQM7E

Will the UK financial chaos spark a wider meltdown?

Risks to global financial stability are verging on crisis levels, the IMF has warned.

from BBC News - Business https://ift.tt/Pxt9a8o

India's solar-powered future clashes with local life

India wants 40% of its electricity to come from renewable sources, which will require vast amounts of land.

from BBC News - Business https://ift.tt/1Piwdb8

Beyond Meat executive exits after biting incident

Douglas Ramsey was suspended from his post last month after he was accused of biting a man's nose.

from BBC News - Business https://ift.tt/s78Funb

Elon Musk under federal investigation over Twitter deal

The court filing said the billionaire was under investigation but it did not explain why.

from BBC News - Business https://ift.tt/JH3CFKY

Cost of living: 'I've been left without carers for five months'

High petrol prices are driving carers from the sector, leaving people who rely on them without support.

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

France sends Germany gas for first time amid Russia energy crisis

The new flow was sent in "European solidarity" after Russia cut energy supplies to Europe.

from BBC News - Business https://ift.tt/dYise2W

Fujitsu: How a Japanese firm became part of the Post Office scandal

The story of how a software firm based thousands of miles away became embroiled in the UK scandal.

from BBC News - Business https://ift.tt/4h1nfPG

Kwasi Kwarteng: I'm not going anywhere, says chancellor

Asked whether he could U-turn on parts of his mini-budget, Kwasi Kwarteng says "our position hasn't changed".

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

Netflix ad-supported service to launch in November

The firm is rolling out the less expensive offering to try to attract viewers.

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

Government to consider fuel price comparison scheme

Transport Secretary says success of a price checker in NI could lead to an online tool for England.

from BBC News - Business https://ift.tt/N68KUge

US inflation rises more than expected in September

Efforts to tame inflation in the US have pushed up the dollar and global borrowing costs.

from BBC News - Business https://ift.tt/69o7b5F

Consumers urged to cut energy use this winter

Energy watchdog Ofgem will launch a campaign to cut consumption and ensure the UK has enough supplies.

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

Housing slowdown warning after mortgage rates rise

The warning comes as the Bank of England says the number struggling to pay mortgages could hit a 15-year high.

from BBC News - Business https://ift.tt/DGl1eOo

Royal Mail workers walk out in first of 19 days of strikes

No letters will be sent during the strike, but medical deliveries will be prioritised.

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

Savings rates hot up after years of low returns

Providers are leapfrogging each other on top savings rates as they try to raise money to lend.

from BBC News - Business https://ift.tt/ZE7Jp2t

‘My bus ticket was more than I got paid an hour’

The minimum wage has gone up by less for those under 20 than for older workers since 2016.

from BBC News - Business https://ift.tt/oHw7nuk

Pensions, savings and mortgages - your questions answered

The BBC's Kevin Peachey answers your questions and concerns on pensions and mortgages.

from BBC News - Business https://ift.tt/sf7wqjT

Closed Ukraine airspace may delay flights next summer

Airlines warn of continuing challenges with Ukrainian airspace closure and recruitment problems.

from BBC News - Business https://ift.tt/ZwghL6r

Investors nervous as market sell-off intensifies

The cost of government borrowing over 10 years briefly hit its highest level since 2008.

from BBC News - Business https://ift.tt/FD7CQNm

Marks & Spencer speeds up store closure plans

The retailer will accelerate a plan to close a quarter of its larger stores.

from BBC News - Business https://ift.tt/cOndx8N

How safe is my pension?

The recent turmoil sparked by the mini-budget led to fears about the stability of pension funds.

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

Jacob Rees-Mogg attacked over mini-budget claims

The business secretary is criticised for blaming market turmoil on the UK's failure to raise interest rates fast enough.

from BBC News - Business https://ift.tt/HS58wqx

TikTok profits from livestreams of refugees begging

Children are among those pleading for hours for digital gifts, as the company takes a cut of up to 70%.

from BBC News - Business https://ift.tt/whmC3KR

UK businessman charged with 'helping Russian oligarch evade sanctions'

Graham Bonham-Carter is accused of helping oligarch Oleg Deripaska to evade US-imposed sanctions.

from BBC News - Business https://ift.tt/MomUaf7

Mark Zuckerberg reveals new Quest Pro VR headset

Facebook-owner Meta has revealed a new VR headset as part of its continued metaverse push.

from BBC News - Business https://ift.tt/P7Eubzl

Grocery bills set to soar by £643 this year

Shoppers could pay an extra £54 a month for food and other groceries, research firm Kantar says.

from BBC News - Business https://ift.tt/0E29lFH

Hong Kong declines to act on sanctioned Russian superyacht in harbour

The US accuses the city of granting 'safe haven' to the yacht owned by a Russian oligarch under Western sanctions.

from BBC News - Business https://ift.tt/cWmqD4u

Australians arrested over alleged Sri Lanka bribes for lucrative contracts

It follows a decade-long investigation with several countries into lucrative business contracts.

from BBC News - Business https://ift.tt/Bd8YUz1

Air France Crash: Aviation bosses heckled as trial begins

Relatives of those who died in the Air France crash yelled "shame" as the trial started in Paris.

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

People stock up on blankets and air fryers ahead of winter

But despite this, an industry body says overall retail sales volumes continued to fall in September.

from BBC News - Business https://ift.tt/qLIB7vt

Post Office and Fujitsu to face inquiry over Horizon scandal

The public inquiry is taking further evidence as it investigates the wrongful convictions of postmasters.

from BBC News - Business https://ift.tt/a7WtsoJ

Kwasi Kwarteng brings forward debt plan to 31 October

Kwasi Kwarteng will give details on plans to balance government finances nearly a month early.

from BBC News - Business https://ift.tt/T9lPkEm

Bank of England bolsters plan to calm market turmoil

The Bank of England doubles the daily limit on its emergency bond-buying programme during its final week.

from BBC News - Business https://ift.tt/zSm7JLs

Widespread disruption as ScotRail strike goes ahead

Passengers face 24 hours of limited services after ScotRail RMT members rejected the latest pay offer.

from BBC News - Business https://ift.tt/KJu2PRg

Ticketmaster demand-based pricing system criticised

New dynamic pricing model is designed to stop touts from profiting on the secondary market.

from BBC News - Business https://ift.tt/6HTU8DL

Musk on China-Taiwan: Beijing praise and Taipei criticism over comments

Tesla chief executive Elon Musk said Taiwan should become a special administrative zone of China.

from BBC News - Business https://ift.tt/KTY3WPy

Post Office handles more cash as banks close and prices rise

Bank closures and rising prices mean more people are turning to the Post Office for cash.

from BBC News - Business https://ift.tt/91krO43

Greg Hands named trade minister after Conor Burns sacking

The MP had backed Liz Truss's rival for PM but his appointment comes amid calls for party to unite.

from BBC News - Business https://ift.tt/KW3xQI5

Scottish airline Loganair goes on the market

The UK's largest regional airline is being sold with the hope of new owners taking over by mid-2023.

from BBC News - Business https://ift.tt/nTZlj4t

Energy use advice campaign pulled due to cost, Zahawi says

The cabinet minister tells the BBC the public information campaign would have cost up to £15m.

from BBC News - Business https://ift.tt/oFfn0QM

How to cut your energy bills

Energy bills have gone up, but there are some easy ways households can reduce costs.

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

Cost of living: Off-grid businesses are being forgotten

The owner of Caws Teifi Cheese wants more help for companies who use oil or liquefied petroleum gas.

from BBC News - Business https://ift.tt/QY31tnh

Renewable energy: Government plans for price cap is risky, firms warn

A government limit on electricity generated in older renewable and nuclear facilities is expected this week.

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

Rail strikes: Only one-in-five trains to run in latest action

Rail passengers across Britain are urged to avoid travel on Saturday unless absolutely necessary.

from BBC News - Business https://ift.tt/nLX9E58

What will happen if Britain has winter blackouts?

Power cuts are very unlikely in the coming months but not impossible so what would it mean for you?

from BBC News - Business https://ift.tt/1fht54I

US ramps up curbs on chip sales to China

The US has said it wants to prevent China's military from accessing "sensitive technology".

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

Customers could get £100 for cutting energy use

Octopus energy expects customers to get £4 a day on average for cutting back consumption when demand is high.

from BBC News - Business https://ift.tt/7g394Qk

US jobs growth slows as policymakers fight inflation

Dollar has strengthened on expectations US interest rates will rise, weighing on the pound.

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

Public won't be told to cut energy use after Truss objects

A minister denies a full plan was blocked by Liz Truss's office and insists energy supplies are secure.

from BBC News - Business https://ift.tt/ZtBwU2p

Elon Musk: Twitter won't 'take yes for an answer'

Twitter has raised questions about how Elon Musk plans to finance his $44bn takeover.

from BBC News - Business https://ift.tt/0Hh5Qde

Former Uber security chief convicted for concealing a felony

Joe Sullivan had covered up a "massive theft" of Uber user data, in 2016, prosecutors said.

from BBC News - Business https://ift.tt/far6Dei

Homes face winter power cuts in worst-case scenario, says National Grid

In a worst case scenario, British households could lose power for up to three hours at a time.

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

Rail strike: Only one in five trains set to run on Saturday

People are being warned to only travel if absolutely necessary as the RMT union holds another strike.

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

Electricity: NI could face blackouts by 2024, officials say

The grid operator has warned that action needs to be taken over issues with Kilroot power station.

from BBC News - Business https://ift.tt/gohqPQ8

Kwasi Kwarteng to meet bank bosses as mortgage rates soar

Major lenders are to meet the chancellor as mortgage costs jump and choice is limited.

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

Avanti West Coast: Mayor urges pressure to be put on train firm

Andy Burnham calls on the transport secretary to insist upon two London-Manchester trains per hour.

from BBC News - Business https://ift.tt/5l2G6zb

Maiden Pharmaceuticals: WHO links Gambia deaths to India-made cough syrups

The WHO said the medicinal syrups may be connected with the deaths of 66 children in Gambia.

from BBC News - Business https://ift.tt/u8vJlUd

Apple iPhone: Can India be China’s ‘plus one’ to the world?

Can India become the new manufacturing hub as global firms try to reduce their dependence on China?

from BBC News - Business https://ift.tt/OCX9Dft

CEO Secrets: What's a modern boss to wear?

Business leaders consider how the move towards more informal clothing attire at work affects them.

from BBC News - Business https://ift.tt/eGr3tsS

Faisal Islam: Truss plan must tackle more than taxes

The prime minister wants to be judged on boosting economic growth, but how easy will that be to deliver?

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

Oil price rises after Opec oil producers cut output

The move, which reflects a slowing global economy, is expected to raise oil prices around the world.

from BBC News - Business https://ift.tt/ilkZzb6

Elon Musk, Twitter and the mysterious X app

The story of Musk buying Twitter, and how it began with "X, the everything app".

from BBC News - Business https://ift.tt/mU4CZuW

Average two-year mortgage rate highest for 14 years

A typical two-year fixed rate deal has breached the 6% mark for the first time since November 2008.

from BBC News - Business https://ift.tt/h2U5zyk

Twitter shares halted after report Elon Musk deal to go ahead

Trading in Twitter shares is halted after a report stated the billionaire will now buy the business.

from BBC News - Business https://ift.tt/r8uvJAf

EU Parliament approves common charging cable from 2024

Euro-MPs vote to make all mobile devices use the same USB-C type charger from 2024.

from BBC News - Business https://ift.tt/5V4ifeG

Shell boss says taxing energy firms to help the poor is 'inevitable'

Taxes on gas and oil companies are likely to be needed to help the poorest, Ben van Beurden says.

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Mortgage rates still rising as big lenders revise deals

The average rate of a new two-year fixed rate mortgage is 6% as the UK's biggest lenders change prices.

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More rail disruption expected as 9,000 train drivers strike

Aslef union members at 13 rail companies will walk out on Wednesday in a row over pay and conditions.

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Pound hits two-week high after debt plan U-turn

Kwasi Kwarteng is bringing forward details of how he will cut debt to try and reassure investors.

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Nuclear fusion plant to be built at West Burton A power station

West Burton A will be the site of the prototype fusion energy power plant, the government announces.

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Vodafone and Three in merger talks

The third and fourth largest mobile phone networks reportedly hope to strike a deal by the end of the year.

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Can electrical stimulation improve your gym workout?

Whole-body EMS suits are the new big thing in fitness, but do they work?

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Drax: UK power station owner cuts down primary forests in Canada

The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada.

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Finland wants to transform how we make clothes

Firms behind innovative fibres says they can make fashion a more sustainable business.

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Tory conference: We must stay the course, insists Chancellor Kwasi Kwarteng

Kwasi Kwarteng will defend his tax cuts during his Conservative Party conference speech.

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Liz Truss: The prime minister's claims about the economy fact-checked

Prime Minister Liz Truss made claims on growth, borrowing costs and mortgage rises.

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Ground should have been laid for tax cuts, admits Liz Truss

But the prime minister says she sticks by her mini budget, despite a bad reaction from the markets.

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