Paying for the basics is pushing people into debt, charity says

Citizens Advice says homeowners and pensioners are among those increasingly seeking debt advice.

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US signals shift to slower interest rate increases

Markets soared after the Federal Reserve signalled a shift in its inflation fight.

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UK strikes digital trade deal with Ukraine

The agreement is expected to improve cooperation on cyber security, AI and new technologies.

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Transport secretary says North's railways have a real problem to solve

The transport secretary says he is "focused" on trying to improve services in the North of England.

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Date set for Octopus to buy failed energy firm Bulb

The sale of failed energy supplier Bulb nears completion, but legal challenges could still derail it.

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HSBC to close 114 UK branches

HSBC says customers are increasingly banking online

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Royal Mail postal workers begin fresh two-day strike

The action is the latest in a series of walkouts and will affect deliveries of letters and parcels.

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Octopus takeover of Bulb challenged by rival firms

Octopus Energy's acquisition of collapsed energy firm Bulb could be delayed by a legal fight.

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Onshore wind: Grant Shapps criticised for 'nonsense' claims

The business secretary says wind turbines are now "so big" they cannot be built on land.

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Driving examiners across UK to stage strikes over pay

The PCS union says driving examiners and rural payment officers will strike in December and January.

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Bird flu: Free range turkey supplies hit by bird flu

About 600,000 birds have been culled or have died in the UK's worst avian flu outbreak.

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Train strikes: Pub boss warns walkouts could ruin Christmas plans

The Fuller's boss says Christmas parties could be cancelled without a speedy resolution to the dispute.

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Plan to make big tech remove harmful content axed

Minister denies weakening the Online Safety Bill after dropping the "legal but harmful" material measures.

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Christmas savings clubs help spread the festive costs

How small businesses are using savings clubs to help customers spread the cost of Christmas

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Apple has reduced advertising on Twitter - Musk

Elon Musk has tweeted that Apple has largely stopped advertising on his platform.

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Crypto firm BlockFi files for bankruptcy after FTX collapse

The collapse of FTX had already forced BlockFi to suspend most activity on its platform.

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Emergency energy plan for Tuesday postponed

National Grid decides not to activate a scheme to help avoid power cuts after being poised to do so.

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Balenciaga campaign: What did the fashion house do?

Kim Kardashian is pulled into a row over the fashion house's latest campaign after heavy backlash.

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US bans sale of Huawei, ZTE tech amid security fears

The restrictions on five Chinese companies are the first to be put in place on security grounds.

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Thousands of apprentices quit over quality of schemes

Around 100,000 people are dropping out of schemes after firms fail to provide basic training, says a report.

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Energy firms warned over hiking direct debits

The government says companies must match bills with customers who are cutting energy use.

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Train strikes: Drivers to walk out in pay row

Passengers face further disruption with 11 rail companies being affected by the long-running dispute.

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Energy sector reforms criticised by British Gas owner

Regulator Ofgem announces plans to strengthen the sector but is criticised by the UK's biggest supplier.

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Jaguar Land Rover cuts output at UK factories due to chip shortage

The carmaker is reducing production at its factories in Solihull and Halewood until the spring.

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When are the train strikes and what routes are affected?

More national rail strikes have been announced by the RMT union.

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The little-known nut that may save at-risk rainforests

Growing sales of an Indonesian nut called kenari is helping to reduce deforestation.

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Kanye West: Adidas investigates after claims of 'toxic' behaviour

Rolling Stone has reported that staff have complained about West's "problematic behaviour".

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Post Office scandal: Horizon contract was 'fatally flawed'

Stephen Byers also told the Horizon public inquiry the treatment of sub-postmasters was "shocking".

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Green Friday: The eco-friendly alternative to Black Friday

As we are bombarded with Black Friday adverts, some people mark the day in a very different way.

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Greene King brewery staff to strike over pay

Unite members at sites in England are walking out in the lead-up to Christmas in a row over pay.

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Brexit: Don't scrap EU rules, firms and unions say

Business groups and unions warn plans to scrap thousands of EU laws will create "confusion and disruption".

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Jeremy Hunt: Cut energy use to stop Putin 'blackmail'

People need to cut consumption to reduce the UK's reliance on Russia, the chancellor says.

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Pound hits post-Truss high as dollar weakens

Sterling has reached its highest level against the US dollar since mid-August.

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Russia revives Soviet-era car brand at ex-Renault plant

It is reviving the Soviet-era Moskvich brand, though the car's design has been updated.

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Cost of living: New Zealand steps up fight against soaring prices

The country's central bank has raised its key interest rate to the highest level since 2009.

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CEO Secrets: Seatfrog founders share their business advice

The founders of Seatfrog share their business advice for the CEO Secrets series.

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'I wouldn't leave South Africa, I have a kid here'

South African software developers discuss what it means to them to do business in the country.

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Manchester United owners looking to sell all or part of club

Manchester United's American owners say they will "explore strategic alternatives" for the club "including new investment, a sale, or other transactions".

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FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'

FTX's collapse was described in court as "one of most abrupt and difficult" in corporate America.

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Train strikes: Rail workers to strike in run-up to Christmas

The RMT says further strike action will take place across four 48-hour periods in December and January.

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We must wean economy off immigration, Labour leader to warn businesses

Sir Keir Starmer will promise a "pragmatic" immigration policy in a speech to business leaders.

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Are flying taxis getting closer to lift-off?

US air regulators said they would add flying taxis to the list of regulated aircraft.

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Passengers warned over Christmas rail disruption

Passengers told to plan journeys in advance due to engineering works over the festive period.

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Brexit: Rishi Sunak rules out deal that relies on EU law alignment

"I believe in Brexit," says Rishi Sunak, after suggestions UK could pursue a Swiss-style deal with the EU.

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Crypto rules needed after FTX collapse, says Bank of England

The UK could face a "crypto shock" without better regulations, says a senior official at the Bank.

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WhatsApp groups help get food to those who need it

Messaging apps have become a popular way to reach people who are struggling with the cost of food.

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Libraries at risk of cuts despite 'unprecedented' rise in users

Local libraries are seeing more people come through their doors, but fear services will be cut.

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FTX crypto exchange owes biggest creditors $3.1bn

FTX owes about $1.45bn to its top 10 creditors, according to its US bankruptcy court filings.

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Musk lifts Donald Trump's Twitter ban

The former US president's account is reinstated - but he says he sees no reason to return.

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Jeremy Hunt has no plan for growth, says CBI boss

Tony Danker tells the BBC the Autumn Statement will tackle inflation but won't revive growth.

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Theranos scandal: Who is Elizabeth Holmes and why was she on trial?

"She just seemed absolutely confident of her own brilliance," a Stanford professor remembers of the former student.

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Will you be allowed to watch the World Cup at work?

Bosses have to decide whether to get behind the controversial World Cup.

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Banksy accuses clothing brand Guess of 'helping themselves' to his artworks

The graffiti artist called on shoplifters to visit a London branch of Guess in retaliation.

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Is this really the end of Twitter?

The BBC's technology editor looks at claims that Twitter may be heading for calamity.

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Petrol prices: What is fuel duty and is it going up?

Why are UK pump prices at record highs, and when might they fall?

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Autumn Statement: Jeremy Hunt defends tax rises for middle earners

Jeremy Hunt says his plan is "balanced", after think tank says it piles more pressure on "squeezed middle".

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Elon Musk: Twitter closes offices until next week

It comes amid reports that large numbers of staff have resigned from the social media platform.

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Taxing electric cars 'short-sighted' say manufacturers

Extending the tax to include electric models is "short-sighted" says Ford.

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Postal workers to strike on six more days in run-up to Christmas

Industrial action is scheduled for six days in December, including Christmas Eve.

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What the Autumn Statement means for you and the cost of living

Chancellor Jeremy Hunt's statement is full of policies that will affect your finances in the coming years.

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Hunt says UK in recession and set to shrink further next year

The economy is forecast to contract next year due to the cost-of-living crisis.

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Energy bills to rise to £3,000 a year from April

Help with energy costs has been extended, but at a less generous level, meaning bills will still rise.

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Electric car drivers to pay road tax from April 2025

Motoring groups, including the AA, warned the move would reduce the incentive to switch to electric vehicles.

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Royal Mail asks to stop Saturday letter deliveries

It comes as the business seeks to revive its fortunes after slumping to a hall-year loss.

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Taylor Swift Ticketmaster crash draws ire on Capitol Hill

A glitch caused by high demand for her concerts has triggered monopoly busters in Washington DC.

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Chinese buyout of Newport microchip plant a 'security risk'

The UK government says Nexperia's takeover of Newport Wafer Fab creates national security risks.

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What is behind the big tech companies' job cuts?

Thousands of redundancies have been announced by some of the largest firms in the industry.

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Retailer Joules collapses risking 1,600 jobs

The clothing group appoints administrators as the retail sector struggles.

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Made.com customers given 25 November delivery deadline

Customers who do not receive furniture orders by this date should submit a claim for a refund.

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Estee Lauder to buy designer brand Tom Ford

The cosmetics giant will purchase the designer fashion brand for £2.4bn.

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Water customers may be owed £163m for sewage spills

Water companies have been discharging waste in to rivers, claim researchers of corporate wrongdoing.

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Over a million are owed money by failed crypto exchange

Experts and watchdogs warn UK investors that when crypto firms fail, getting money back is unlikely.

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Twirls substituted in some Heroes chocolate boxes

The chocolate is another casualty of supply chain disruptions blighting manufacturers.

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Made.com collapse: Nottingham auction house to sell off stock

It comes after the online furniture retailer collapsed, leading to hundreds of job losses.

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Amazon 'prepares mass job cuts' as sales slow - reports

The reductions could affect about 10,000 people at the e-commerce giant, reports suggested.

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Cost of living: 'We've got to sell our family home due to mortgage rise'

A mother-of-three says she can't see any option than selling her house due to mortgage rates rising.

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Elon Musk Tesla pay package heads to court

A shareholder wants Elon Musk's $56bn pay package to be revoked.

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What do we know will be in the Autumn Statement?

Jeremy Hunt is expected to dismantle his predecessor Kwasi Kwarteng plans announced two months ago.

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London loses position as top European stock market

The UK's stock-marketed listed companies have lost so much value that France is now number one.

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Rishi Sunak: We’ll deliver public finances markets expect

The PM says this week's autumn budget would "put our public finances on a sustainable trajectory".

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Country star Dolly Parton gets $100m award from Amazon founder Jeff Bezos

The Amazon founder commended the country music star for her commitment to improving literacy.

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Why smart thermostats don't always save you money

The makers of smart thermostats says the devices can cut energy bills but the evidence is not conclusive.

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The repair Budget to defuse a financial timebomb

Chancellor Jeremy Hunt's key message this week will be about restoring stability and controlling price rises.

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Jeremy Hunt: Everyone will have to pay more tax

The chancellor also tells the BBC he wants to make sure any recession is as short and shallow as possible.

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The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried

How a crypto empire built on video game battles and beanbags came crashing down.

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Autumn Statement: When is it and how will it affect me?

With the UK facing a cost-of-living crisis the government is set to unveil tax and spending plans.

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Why an old train could point to a clean energy future

Progress is being made on systems to make hydrogen more economical to store and transport.

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'There really is more to life than posting on Instagram'

A small but growing number of people are giving up the likes of Facebook, Twitter and Instagram.

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Heathrow Airport says no passenger limits over Christmas

The airport has been working with airlines and ground handlers to prepare for the busy period.

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Inside the capture of a Russian oligarch's superyacht

A $325m luxury boat is floating in a US cargo port after the FBI tracked it down in the Pacific.

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Cost of living: Shares jump in US and Asia as inflation cools

Investors are betting the US central bank will slow the pace of rate rises as it tackles inflation.

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Amazon: Robots spread but 'we still need humans'

Amazon's latest robot has the ability to pick up items before they are packed.c

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Labour vows to lift ban on onshore wind

A Labour government would ease planning rules for new onshore wind farms, Sir Kier Starmer says.

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I told Liz Truss she was going too fast, says Kwasi Kwarteng

The former chancellor said he told the then PM to "slow down" after September's ill-fated mini-budget.

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100,000 civil servants vote for strike action

The Public and Commercial Services Union is calling for a 10% pay rise and no cuts to redundancy terms.

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Musk tells Twitter staff remote working will end

The boss of the social media firm also warns workers to prepare for "difficult times", reports say.

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Elon Musk foreign ties worth being looked at, Joe Biden says

The US president was asked whether Saudi Arabia helping the Tesla boss to buy Twitter should be probed.

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Christmas adverts toned down during cost of living crisis

John Lewis says the cost of living crisis was "front of mind" as it joins other big brands launching festive campaigns.

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Binance walks away from FTX crypto exchange bailout

Binance will not pursue the deal for its smaller rival citing reports of 'mishandled customer funds'.

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Why are so many workers going on strike?

Hundreds of thousands of workers have walked out, or threatened to, causing widespread disruption.

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Facebook-owner Meta to cut 13% of its workforce

Chief executive Mark Zuckerberg said it was one of the most difficult changes in Meta's history.

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FTX: Cryptocurrency market rocked by near-collapse of exchange

The world's biggest cryptocurrency exchange said it reached a deal with FTX to cover a "liquidity crunch".

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Elon Musk sells almost $4bn of Tesla shares

It comes less than two weeks after the world's richest man completed his $44bn takeover of Twitter.

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'One of the hottest start-up spaces in the US'

North Carolina is aiming to become a hub for start-ups to grow and do business.

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Disney says streaming business at 'turning point'

The company has more than 235 million subscriptions across its three streaming platforms, including Disney+.

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Egg farmers squeezed as costs rise

Some farmers have accused supermarkets of not paying them a fair price for their eggs.

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Tesla recalls 40,000 cars over power-steering fault

The recall affects the 2017-21 Model S and Model X vehicles.

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Hushpuppi: Notorious Nigerian fraudster jailed for 11 years in US

The FBI says ex-social media star Hushpuppi is one of the word's most high-profile money launderers.

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When are the £400 energy rebate and other cost-of-living payments due?

All UK households are getting £400 off their winter energy bill and many on low incomes get extra help.

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Rail disruption: Many services to start late on Tuesday

First trains will run later on many lines - as Avanti West Coast says services are limited all day.

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Facebook owner Meta expected to announce major job losses

The company faces difficult economic conditions and is investing heavily in its metaverse push.

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Ex-Made boss says offer to save company ‘rebuffed’

Former boss of furniture brand says his offer to rescue firm from administration was rejected.

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Do not end green energy grants, manufacturers urge MPs

Manufacturing firms urge MPs to match an EU scheme subsidising the cost of renewable energy systems.

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Ten days of Twitter chaos

Elon Musk's first week-and-a-half at Twitter has been a rollercoaster of big changes.

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Apple: iPhone shipments delayed over China Covid lockdown

Firm warns customers to expect longer wait times for its new iPhone due China's Covid lockdown.

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Ebay urges shoppers to pick old over new this Black Friday

This Black Friday the online marketplace is promoting used items to avoid unwanted spending and waste.

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Made.com expected to go into administration this week

Around 500 staff are expected to lose their jobs after the online furniture store failed to find a buyer.

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Rail passengers urged to check Monday travel

Most train companies will operate limited services on Monday despite strikes being called off.

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National Insurance: Will tax cut save me money?

The government's reversal of the 1.25p increase in National Insurance has come into effect.

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Twitter confirms fee for blue-tick verification after Musk takeover

Controversially Twitter says blue-tick status will be open to those who pay a monthly $7.99.

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Liberal Democrats: Give struggling homeowners £300 a month

People whose mortgage payments had risen more than 10% would get a grant, under the party's plan.

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Cost of living: Pub halves beer and cider choice to survive

A landlord is pinning energy bills to walls to show regulars why the cost of their pint has gone up.

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Jack Dorsey: Twitter co-founder breaks silence on Elon Musk takeover

The former CEO appeared to agree with the dismissals, saying he had grown the company "too quickly".

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Twitter UK staff get deadline over cuts consultation

Hundreds affected by Twitter's worldwide job cuts have three days to elect a representative.

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Twitter: Musk defends deep cuts to company's workforce

The site's new owner says he had "no choice" but to slash jobs - cuts which appear to affect 50% of staff.

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

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Will falling gas prices mean lower bills?

Higher demand in winter could push up the wholesale gas price before households feel much benefit.

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Twitter: Elon Musk blames 'activist groups' for earnings drop

Elon Musk, the new owner of Twitter, makes the accusation as the tech firm makes sweeping job cuts.

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Train strikes from Saturday suspended, union says

The RMT union had been planning a series of strikes on 5, 7 and 9 November in a dispute over pay.

from BBC News - Business https://ift.tt/oiFua7K

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US jobs growth solid but slowing amid inflation fight

The news comes as the economy remains a top concern for voters ahead of the midterm elections.

from BBC News - Business https://ift.tt/5Lfqly7

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Workers at Heathrow to strike in World Cup run-up

A union says 700 workers at the UK's biggest airport will walk out for three days from 18 November.

from BBC News - Business https://ift.tt/BrlIed7

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Twitter to make job cuts after Elon Musk takeover

The social media giant says staff will be told on Friday whether they are to be laid off.

from BBC News - Business https://ift.tt/bthan6v

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Mortgages: What happens if I miss a payment?

Homeowners are worried about rising mortgage costs - but lenders must help those struggling.

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Netflix starts cheaper streaming service with adverts

The streaming platform has launched a less expensive streaming option with commercials.

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Twitter to lose magic with blue tick fee, former exec says

Twitter's former global communications head tells BBC News he is worried about Elon Musk's plans.

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Glencore ordered to pay millions over Africa oil bribes

A court heard a subsidiary of mining firm Glencore bribed officials with cash flown in on private jets.

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Bounty bars removed from Celebrations tubs in trial

Mars Wrigley will remove the bars from its chocolate tubs after finding 40% of people hate the treat.

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China Covid: Panic and fear drove iPhone factory breakout

Workers at the plant in Zhengzhou, China, thought they were going to be part of a huge Covid experiment.

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US interest rates rise to fresh 14-year high

The Federal Reserve is steering borrowing costs higher at the fastest rate in decades.

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Rental options squeezed by landlords' mortgage pressures

Difficulties for some landlords to secure mortgages could mean less choice for tenants, MPs are told.

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China Covid: iPhone maker Foxconn boosts bonuses after lockdown breakout

Foxconn locked down the world's largest iPhone factory in line with China's zero-Covid policy.

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Questions raised about AI weapons-scanning company

BBC News has seen evidence Evolv, which claims to have the "signatures" of all weapons, has limitations.

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Prison job advert banned for racial stereotyping

The photo of a black inmate and white officer was likely to cause serious offence, a watchdog found.

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Elon Musk says £7 monthly fee for Twitter blue tick

Critics say the change could make it harder for people to find reliable sources on the social media site.

from BBC News - Business https://ift.tt/crwz3Xn

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Bank makes history as it reverses ‘quantitative easing’

It is the first central bank to start unwinding the emergency support brought in after the 2008 financial crisis.

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

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Morrisons to close 132 McColl's stores putting jobs at risk

Owner Morrisons says that closing the loss-making stores will put 1,300 jobs at risk.

from BBC News - Business https://ift.tt/65E3aDA

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