New Year's Eve parties hit by rail strikes and cost of living

New year bookings at bars and restaurants are down due to rail strikes and price rises, industry experts say.

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Trump's tax returns released after years-long effort

The former president had long sought to keep his records from being seen by the public.

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York records strongest house price rises in 2022

Prices in the historic North Yorkshire city surged by 23.1%, or £69,648, the Halifax bank finds.

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Hershey sued in US over metal in dark chocolate claim

The lawsuit alleges that three Hershey products contain harmful levels of lead and cadmium.

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Buses: More cuts to services to come, operators warn

Campaigners say a temporary £2 maximum fare will not stem a fall in passengers, amid service cuts.

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The high street shops thriving after a tough year

It has been a tough year with more challenges to come, but some retailers are proving the fittest can survive.

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Covid in China: US imposes Covid testing for visitors from China

Several other countries have imposed restrictions on travellers from China as Covid cases surge.

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December and January strikes: Who is striking and what are their pay claims?

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

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Energy bills: Changes on 1 January may cause confusion

Slight changes to gas and electricity rates are likely to add only pennies, not pounds, to your bill.

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Energy giant ExxonMobil sues EU to block energy windfall tax

The US company says the levy on its profits will discourage future investment in Europe.

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Airport strikes could go on for months, says PCS union boss

The boss of the PCS union says Border Force staff walkouts on Friday could be the first of many.

from BBC News - Business https://ift.tt/G5xbfoc

Energy giant ExxonMobil sues EU to block energy windfall tax

The US company says the levy on its profits will discourage future investment in Europe.

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China Covid: US considers restrictions on Chinese arrivals

Japan and India have already announced tighter measures as China finally reopens its borders.

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Domino's Pizza considers selling Russian business

The firm operating the Russian franchise may sell up, 10 months after the invasion of Ukraine.

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Covid in China: People rush to book travel as borders finally reopen

But Chinese tourists will not have unfettered access to all countries - as some impose restrictions.

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Strikes: Border Force, rail and driving test staff walk out

About 1,000 workers at six UK airports will resume their walkout over pay and conditions.

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Spain announces €10bn help to fight rising prices

PM Pedro Sánchez backs aid for households amid an energy crisis prompted by Russia's war in Ukraine.

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Shaws the Drapers enters liquidation after 106 years

About 150 staff are believed to be affected after they were told by email the company will close.

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Train strikes: Services expected to start later as latest walkout ends

Passengers are being urged to check travel times as rail workers finish their latest walkout.

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Shoppers set to cut spending at Boxing Day sales

The rising cost of living is expected to curb the appetite for post-Christmas bargain-hunting.

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UK weather: Ice warnings and rail strikes set for Boxing Day

Warnings for ice and snow are in place in parts of the UK as rail strikes continue on Boxing Day.

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Workers over 50 encouraged to end early retirement

It follows a recent report which highlighted early retirement as an issue around a UK labour shortage.

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Train strikes: Passengers brace for Christmas Eve disruption

Trains will stop running at around 15:00 on Saturday, as walkouts on the railways and other industries continue.

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What are my rights if my flight is cancelled?

Strikes and poor weather may cause disruption at airports, but passengers do have rights.

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Meta settles Cambridge Analytica scandal case for $725m

The proposed deal by Facebook's owner is the largest in a US data privacy class action, say lawyers.

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Royal Mail: When are the postal strikes and what were the Christmas post dates?

About 115,000 postal workers are taking part in the dispute with Royal Mail.

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Airport strikes: Border Force staff begin Christmas walkout

Travellers arriving in the UK are warned to expect disruption and delays as staff who check passports go on strike.

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Online whisky auction house's sales hit £50m

Perth-based Whisky Auctioneer says 2022 has been a record year for some distilleries.

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FTX founder appears in US court on fraud charges

Prosecutors have accused Sam Bankman-Fried of "one of the biggest financial frauds in US history".

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Amazon could be blamed for fake Louboutin shoe ads - EU

Top EU court says Amazon could be held responsible for third-party sales of fake Louboutin shoes.

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TransPennine Express cancels more rail services over IT issue

TransPennine Express cancels services for a second day running, due to an ongoing "software issue".

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Firms 'banging heads against wall' over post-Brexit trade

Two years after post-Brexit trading began with the EU, UK businesses feel frustrated, says BCC.

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Trump business losses sharply reduced his tax bill

In 2020, the then US president reported negative income and paid no income tax.

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Who is striking? How Thursday 22 December’s walkouts will affect you

What you need to know about Thursday's walkout by highway workers, by the BBC's Zoe Conway.

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Warning of disruption on airports' strike days

A senior Border Force official has said he hopes to keep all airports open as staff strike.

from BBC News - Business https://ift.tt/LQ3Pliq

Netflix password sharing may be illegal, says UK government

The Intellectual Property Office said the practice might break criminal and civil law.

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The cargo hauling aircraft with no pilots on board

Rejecting deliveries to the doorstep, some drone makers are betting on bigger pilot-free aircraft.

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Elon Musk to quit as Twitter CEO when replacement found

Elon Musk says he will resign as soon as he finds someone "foolish enough" to take over the job.

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Cost of living: If no one comes we close early, says pub

Almost 90% of pubs are considering shorter opening hours over winter as bills rise, according to a new survey.

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Who is striking? How Wednesday 21 December's walkouts will affect you

What you need to know about Wednesday's ambulance workers strike - by the BBC’s Zoe Conway.

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3M manufacturing giant to stop making 'forever chemicals'

The firm will stop making the materials that have been linked to a range of health problems.

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Elon Musk: Only blue tick users to vote in Twitter polls on policy

The billionaire says he will change the policy on Twitter votes after users say he should step down.

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FTX boss Sam Bankman-Fried agrees to be extradited

The cryptocurrency exchange boss is expected to travel to the US to face fraud charges, the BBC understands.

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Decision on energy bill support for businesses postponed

Business groups angry after a decision on extending energy support is put off until the new year.

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Alcohol duty to be frozen for further six months

Alcohol prices will be frozen until August 2023, when a new system for alcohol taxes is introduced.

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Fortnite firm penalised after claims it tricked users

Epic Games pays $520m over claims it violated child privacy laws and tricked players into making purchases.

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Train strikes: Rail passengers told to avoid Christmas Eve travel

Network Rail advises people to travel only if "absolutely necessary" due to strike action by the RMT.

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NI households to receive energy payment from January

The £600 is intended to help with energy bills but people can use the cash payment as they see fit.

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Battery lights vs mains LED bulbs: What's cheaper?

As some shoppers swap mains bulbs for battery lights, we investigate if money is really being saved.

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More than 130 bus operators to offer £2 tickets

The government-funded scheme will cap fares in England outside London from 1 January to 31 March.

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Twitter to stop users linking to big social media platforms

The move affects content from Facebook, Instagram and Mastodon among other social media sites.

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Who is striking? How this coming week’s walkouts will affect you

Useful information on strikes during the week up to Christmas, by the BBC’s Zoe Conway.

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Singapore's crypto ambitions shaken by FTX collapse

Users call for more regulation after state fund writes off investment in fallen cryptocurrency exchange.

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Goldman Sachs plans big job cuts as business slows

The reductions could affect up to 8% of its global workforce, or nearly 4,000 people.

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BA and Virgin halt ticket sales to Heathrow on strike days

The airlines were asked by the airport to "suppress demand" as Border Force staff go on strike.

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Who is striking? How Saturday 17 December’s walkouts will affect you

Travel disruption the weekend before Christmas - the BBC’s Zoe Conway has what you need to know.

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Amazon workers in Coventry vote for strike action

More than 98% of them backed strikes after an offer of a 50p per hour pay rise, the GMB union says.

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Starbucks set for strikes in US over unionisation

The walkout escalates a bitter labour fight, affecting around 100 of the coffee firm's US stores.

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EU adopts global minimum15% tax on big business

The landmark agreement aims to stop governments racing to cut taxes in a bid to attract business.

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Rolls-Royce car workers win record pay package worth up to 17.6%

Some 1,200 employees have be awarded a one-off bonus and a double-digit wage rise.

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TikTok tests landscape videos in major shake-up

The world's fastest-growing social media platform has become known globally for its vertical format.

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Who is striking? How Friday 16 December’s walkouts will affect you

Travellers face disruption on the railways and roads on Friday - by the BBC’s Zoe Conway.

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Tax rates to rise for higher earners in Scotland

The higher rate of income tax will go up from 41p to 42p in the pound and the top rate from 46p to 47p.

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UK interest rates raised to highest level for 14 years

The Bank of England lifts borrowing costs to 3.5% from 3%, the ninth rise in a row.

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Smart motorways: Warning safety tech must improve 'urgently'

Safety measures on all-lane running smart motorways must be improved, the transport watchdog says

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County Durham Evri staff say parcels will not arrive by Christmas

Families will be "disappointed" this Christmas as Evri tries to deal with backlogs, workers claim.

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Eurostar strike action called off as talks resume

Members of the RMT union were due to walk out on Friday and Sunday in a row over pay.

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UK interest rates: How will a rise affect you and how high could it go?

Interest rates are expected to rise again as the cost if living goes up, so how could this affect you?

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Is UK inflation going to keep falling?

Inflation is likely to have peaked, but it will remain very high for months to come.

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Poor rail services caused by toxic mix, MPs told

There is a "total let-down" for rail passengers in the north of England, a transport committee hears.

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From Bitcoin to blockchain: Key cryptocurrency terms and what they mean

As cryptocurrency makes headlines once again, here's a look at the main concepts and what they mean.

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US charges Sam Bankman-Fried with defrauding investors

Sam Bankman-Fried is accused of a scheme to defraud investors in failed crypto exchange FTX.

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US inflation rate slows as fuel costs fall

US inflation rose 7.1% over the 12 months to the end of November, dropping from 7.7% in October.

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Dangerous Christmas lights listed for sale on Amazon and eBay, Which? finds

Testing by consumer group Which? finds some cheap lights fail to meet UK electrical safety regulations.

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Rail union boss hits out in row over train strike support

The boss of the UK's biggest rail union insists members support action in a heated exchange with the BBC.

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Highest number of days lost to strikes in over 10 years

Some 417,000 working days were lost to industrial action in October - the highest since 2011.

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Buy now, pay later: Things you need to know about the loan schemes

With Christmas fast approaching here's what you need to know before borrowing money.

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Train strikes: Widespread delays expected as latest walkouts loom

About 40,000 rail workers will start walking out on Tuesday in a row about jobs and pay.

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S Korea says crypto-fugitive Do Kwon is in Serbia

Mr Kwon was charged with fraud and breaches of capital markets law after the implosion of the token.

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Coal plants put on standby to supply electricity

National Grid orders coal-fire units to begin warming up as cold weather sweeps the UK and Europe.

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Twitter's paid blue tick re-launches after pause

Twitter will once again offer a blue tick badge and additional features for a monthly fee.

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Second-hand tech booms as shoppers look for bargains

From phones to exercise bikes, the market for second-hand kit is booming as shoppers search for bargains.

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Royal Mail: When are the postal strikes and Christmas post dates?

About 115,000 postal workers are taking part in the dispute with Royal Mail.

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UK weather: All flights suspended at Stansted Airport

Heathrow and Gatwick also cancel flights after fog and snow sweeps the country.

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Rail strikes: RMT boss calls for meeting with Sunak

The RMT's general secretary says a meeting between the two was the best hope of making progress.

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Royal Mail: Views from both sides of the picket line

The BBC speaks to a striking worker on the picket line and someone choosing to work on strike day.

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WTO says Trump's US steel tariffs broke global trade rules

The US said it disagreed with the ruling and would not remove the border taxes.

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Penguin Random House boss resigns after Simon & Schuster deal fails

The merger of the publishing giant with rival Simon & Schuster was scuppered by competition concerns.

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Cost of Living: How to talk to children about a budget Christmas

Some hints and tips to help you manage your children's Christmas expectations.

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Santander UK fined £108m over money laundering failings

The bank had "serious and persistent gaps" in anti-money laundering controls, the watchdog finds.

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Fired Twitter cleaning staff 'treated like garbage'

One of them told the BBC a member of Elon Musk's team said their jobs would be replaced by robots.

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US seeks to block Microsoft from £56bn gaming deal

Microsoft said it would fight to buy Activision Blizzard, the studio behind games such as Call of Duty.

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UK banking rules face biggest shake-up in more than 30 years

The government is expected to loosen rules introduced after the financial crisis in 2008.

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Immigration: Robert Jenrick sorry for problems with seasonal worker visas

Foreign worker shortages "catastrophic" for daffodil growers and other farmers, the government is warned.

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Water companies "letting down" customers

Industry watchdog Ofwat, said that despite some improvements it remains deeply concerned.

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Airlines plan to operate all flights despite strikes

Around 1,000 UK airport border staff will strike over the Christmas period.

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Elon Musk turns Twitter into 'hotel' for staff

One photo shows a double room with wardrobe and slippers, as Elon Musk seeks to instil a "hardcore" work culture.

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'We haven't had a single penny from the Post Office'

Three years after winning in the High Court, hundreds of sub-postmasters are still waiting for compensation.

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First UK coal mine in decades approved

Climate experts and Tory MPs argued the Cumbria mine would scupper UK efforts to lower emissions.

from BBC News - Business https://ift.tt/H02Iq4v

Elon Musk rejects concerns over beds at Twitter HQ

The billionaire has previously told workers to commit to long hours or leave.

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Evri says sorry for parcel delays in run-up to Christmas

The delivery company says it's working to get orders out to customers complaining of long waits.

from BBC News - Business https://ift.tt/J51ygqh

Tech layoffs at Meta, Twitter, Amazon: The good people helping Indians find jobs

Tech workers are rallying together to help peers who face having to leave the US after being laid off.

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Indonesia's new sex laws and what they could mean for tourism

Holiday hotspots like Bali are still recovering from the pandemic - now new laws could derail them again.

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Bank Morgan Stanley to cut 1,600 jobs

The investment bank is axing about 2% of its global workforce, affecting around 1,600 roles.

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Fenwick to shut 130-year-old New Bond Street department store

Chairman Simon Claver says the sale has "been a difficult decision for the Fenwick family".

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Rural fuel more expensive, says watchdog

Differences in price between urban and rural areas need further investigation, says CMA.

from BBC News - Business https://ift.tt/X6xrsaS

December train strikes: Union told not to hold country 'to ransom'

The new Christmas Eve walkout threatens to hit celebrations and travel over the festive weekend.

from BBC News - Business https://ift.tt/tBGK1U5

Cost of living: 'I couldn't tell the real bills from scams'

People falling behind on bills are being bombarded with letters, calls and texts, a charity says.

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

Apple self-repair service comes to UK

The tech giant warned that if a repair goes wrong, the device's warranty will no longer be valid.

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

Meta threatens to remove US news content if new law passes

Facebook's parent company says it will pull news from the platform in the US if a new media law passes.

from BBC News - Business https://ift.tt/QPHDw8V

Taylor Swift: 'Swifties' sue Ticketmaster over tour sale problems

Taylor Swift fans have filed a lawsuit over "unlawful conduct" after a chaotic tour ticket sale.

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Covid restrictions hit iPhone maker Foxconn

The electronics manufacturer says its revenue in November is down 11% compared to the same month in 2021.

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Miner Glencore pays $180m in latest corruption case

The Swiss-based mining firm strikes deal with Democratic Republic of Congo to settle corruption claims.

from BBC News - Business https://ift.tt/j9iZbev

Cost of living: New average mortgage rates fall below 6%

The typical interest rate shot up after the mini-budget but lenders are gradually reducing rates again.

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

PwC to close offices at Christmas to save energy

Accountancy giant staff will not be able to work from its main London office over the festive period.

from BBC News - Business https://ift.tt/y9TVS3o

Ukraine war: Oil prices rise as cap on Russian crude looms

The G7 and its allies have agreed to limit the price of Russian oil to $60 a barrel.

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

Taiwan's front-line battle against mobile phone fraud

How Taiwanese phone fraud fighters are able to warn the world about the latest scams.

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

India seizes opportunities in African healthcare

The rapid expansion of Indian healthcare firms in Africa has not been without problems.

from BBC News - Business https://ift.tt/N7lqaMh

EU must act over distortions from US climate plan - von der Leyen

Ursula von der Leyen says the EU must act amid concerns within the bloc over US climate legislation.

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

Train strikes: Firms make first offer in bid to stop Christmas strikes

The Rail Delivery Group makes an offer to the RMT union in the ongoing dispute over pay and conditions.

from BBC News - Business https://ift.tt/v50MO4Q

Strikes unfair at Christmas, Tory chairman Nadhim Zahawi says

Nadhim Zahawi says President Putin "wants to see" strikes, as he outlines plans to avoid disruption.

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Google opens its first UK centre making tech for disabled people

The research and development centre in London is the company's first of its kind outside the US.

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

Rail strike is cancelled - at the cost of paid sick leave

The pandemic and a vicious flu season has re-energised the fight for paid sick leave.

from BBC News - Business https://ift.tt/kXICwE0

Notpla: UK plastic-alternative developer among £1m Earthshot Prize winners

A London firm which developers nature-friendly packaging is among five climate prize winners.

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Cost of living: 'No-one likes us. We DO care. We are Millwall'

Football clubs are supporting their communities as costs rise - from food banks to debt advice.

from BBC News - Business https://ift.tt/OWg6hqG

HMRC closes phone lines due to technical fault

The tax authority has urged people to access information online as they seek advice ahead of filing returns.

from BBC News - Business https://ift.tt/j4hbXxH

Royal Mail says people should send Christmas post early

Strikes mean people should send their festive mail earlier than usual, the postal service advises.

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

Oil giant TotalEnergies to cut North Sea investment over windfall tax

France's TotalEnergies says it will reduce investment after the decision to extend the windfall levy.

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

Big Zuu: Cooking on a budget secrets

The TV chef and rapper shares his big three tips for making the most of your weekly food shop.

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India remittances set to hit record $100 billion in 2022

Remittances sent to low and middle-income countries have grown by 5% this year, says the World Bank.

from BBC News - Business https://ift.tt/Qn5y4Ka

BP 'stands to receive blood money’ from Ukraine war

A presidential adviser says the oil giant is could still receive profits from its stake in Russia's Rosneft.

from BBC News - Business https://ift.tt/HE4CIi8

Brexit: Progress on trade deals slower than promised

The UK government is on course to miss its target for signing deals, as exporter numbers fall.

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

Next rescues fashion chain Joules saving 1,450 jobs

Next says it will keep about 100 Joules stores open, but 19 will be closed with immediate effect.

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

Elon Musk set to become number-one influencer on Twitter

What will one man's unprecedented status as both top influencer and chief executive mean for the Twitter?

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

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

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

from BBC News - Business https://ift.tt/k0sSx4M

US signals shift to slower interest rate increases

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

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

UK strikes digital trade deal with Ukraine

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

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

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.

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

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.

from BBC News - Business https://ift.tt/EfF0Mkt

HSBC to close 114 UK branches

HSBC says customers are increasingly banking online

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

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.

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

Octopus takeover of Bulb challenged by rival firms

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

from BBC News - Business https://ift.tt/IfW5hlV

Onshore wind: Grant Shapps criticised for 'nonsense' claims

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

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

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.

from BBC News - Business https://ift.tt/P4gf76D

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.

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

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.

from BBC News - Business https://ift.tt/XLIoQM6

Plan to make big tech remove harmful content axed

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

from BBC News - Business https://ift.tt/aGgkKU7

Christmas savings clubs help spread the festive costs

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

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

Apple has reduced advertising on Twitter - Musk

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

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

Crypto firm BlockFi files for bankruptcy after FTX collapse

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

from BBC News - Business https://ift.tt/0J2dfvo

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.

from BBC News - Business https://ift.tt/7DpNQ2P

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.

from BBC News - Business https://ift.tt/Z7hIvBy

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.

from BBC News - Business https://ift.tt/08Fw16i

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.

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

Energy firms warned over hiking direct debits

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

from BBC News - Business https://ift.tt/972WKDt

Train strikes: Drivers to walk out in pay row

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

from BBC News - Business https://ift.tt/7nrB6Jo

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.

from BBC News - Business https://ift.tt/jBA2gup

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.

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

When are the train strikes and what routes are affected?

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

from BBC News - Business https://ift.tt/S5gmdKv

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

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

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

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

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

from BBC News - Business https://ift.tt/TYeqGh8

Post Office scandal: Horizon contract was 'fatally flawed'

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

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

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.

from BBC News - Business https://ift.tt/wxWH5k3

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.

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

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".

from BBC News - Business https://ift.tt/EC3rB4f

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.

from BBC News - Business https://ift.tt/R3yX76i

Pound hits post-Truss high as dollar weakens

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

from BBC News - Business https://ift.tt/Y9G1vQt

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.

from BBC News - Business https://ift.tt/sW3umZh

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.

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

CEO Secrets: Seatfrog founders share their business advice

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

from BBC News - Business https://ift.tt/Qx1WGwt

'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.

from BBC News - Business https://ift.tt/At09NEe

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".

from BBC News - Business https://ift.tt/zBHmub5

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.

from BBC News - Business https://ift.tt/P4M5v9r

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.

from BBC News - Business https://ift.tt/hztLG57

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.

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

Are flying taxis getting closer to lift-off?

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

from BBC News - Business https://ift.tt/ofPT5ku

Passengers warned over Christmas rail disruption

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

from BBC News - Business https://ift.tt/mPlUC2V

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.

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

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.

from BBC News - Business https://ift.tt/5sQxJ3b

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.

from BBC News - Business https://ift.tt/73BWVgT

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.

from BBC News - Business https://ift.tt/AJ4SV2T

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.

from BBC News - Business https://ift.tt/wJ5Wdrb

Musk lifts Donald Trump's Twitter ban

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

from BBC News - Business https://ift.tt/yXYfN0U

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.

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

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.

from BBC News - Business https://ift.tt/UdrP6pj

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

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

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

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.

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

Is this really the end of Twitter?

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

from BBC News - Business https://ift.tt/CKuwUQ8

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

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

from BBC News - Business https://ift.tt/qT6AOZG

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".

from BBC News - Business https://ift.tt/cOh0RGY

Elon Musk: Twitter closes offices until next week

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

from BBC News - Business https://ift.tt/HN1zLke

Taxing electric cars 'short-sighted' say manufacturers

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

from BBC News - Business https://ift.tt/0OqV8CS

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.

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

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.

from BBC News - Business https://ift.tt/ZmgtE9L

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.

from BBC News - Business https://ift.tt/7L1tY6h

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.

from BBC News - Business https://ift.tt/3YKkJe9

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.

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

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.

from BBC News - Business https://ift.tt/ez5Owsd

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.

from BBC News - Business https://ift.tt/EvYMF0V

Chinese buyout of Newport microchip plant a 'security risk'

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

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

What is behind the big tech companies' job cuts?

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

from BBC News - Business https://ift.tt/rjynI7e

Retailer Joules collapses risking 1,600 jobs

The clothing group appoints administrators as the retail sector struggles.

from BBC News - Business https://ift.tt/nEkVs7Y

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.

from BBC News - Business https://ift.tt/D9QijR5

Estee Lauder to buy designer brand Tom Ford

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

from BBC News - Business https://ift.tt/jftBL1V

Water customers may be owed £163m for sewage spills

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

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

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.

from BBC News - Business https://ift.tt/HeBq7YK

Twirls substituted in some Heroes chocolate boxes

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

from BBC News - Business https://ift.tt/gRZy7CY

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

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

from BBC News - Business https://ift.tt/rz84tOm

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

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

from BBC News - Business https://ift.tt/UvhH9BL

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.

from BBC News - Business https://ift.tt/H5yBeKW

Elon Musk Tesla pay package heads to court

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

from BBC News - Business https://ift.tt/BrcXK9k

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.

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

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.

from BBC News - Business https://ift.tt/8Vjxt4a

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".

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

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.

from BBC News - Business https://ift.tt/yvcdwF9

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.

from BBC News - Business https://ift.tt/pYB03dQ

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.

from BBC News - Business https://ift.tt/mOwZ5uY

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.

from BBC News - Business https://ift.tt/xEF1qgJ

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.

from BBC News - Business https://ift.tt/WYu0mr4

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.

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

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.

from BBC News - Business https://ift.tt/5Di8A1o

'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.

from BBC News - Business https://ift.tt/cIP2Uu0

Heathrow Airport says no passenger limits over Christmas

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

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

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.

from BBC News - Business https://ift.tt/68yeEK3

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.

from BBC News - Business https://ift.tt/r3XhwbS

Amazon: Robots spread but 'we still need humans'

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

from BBC News - Business https://ift.tt/qoJQ80j

Labour vows to lift ban on onshore wind

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

from BBC News - Business https://ift.tt/QkCnRi2

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.

from BBC News - Business https://ift.tt/Kf8dsWi

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.

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

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.

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

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.

from BBC News - Business https://ift.tt/6Lf2aGV

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.

from BBC News - Business https://ift.tt/oU80y3R

Binance walks away from FTX crypto exchange bailout

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

from BBC News - Business https://ift.tt/be62E4Z

Why are so many workers going on strike?

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

from BBC News - Business https://ift.tt/kKMZ0GE

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.

from BBC News - Business https://ift.tt/suzb2ZU

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".

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

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.

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

'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.

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

Disney says streaming business at 'turning point'

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

from BBC News - Business https://ift.tt/EN6nizC

Egg farmers squeezed as costs rise

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

from BBC News - Business https://ift.tt/1etR2IB

Tesla recalls 40,000 cars over power-steering fault

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

from BBC News - Business https://ift.tt/tz8RjC1

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.

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

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.

from BBC News - Business https://ift.tt/I8qx5G9

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.

from BBC News - Business https://ift.tt/xqv026r

Facebook owner Meta expected to announce major job losses

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

from BBC News - Business https://ift.tt/SXjIK7m

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

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

from BBC News - Business https://ift.tt/jhHC4sI

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.

from BBC News - Business https://ift.tt/6Lcj5Ok

Ten days of Twitter chaos

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

from BBC News - Business https://ift.tt/lVkoKv5

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.

from BBC News - Business https://ift.tt/VnWgj86

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.

from BBC News - Business https://ift.tt/hQi6Fzo

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.

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

Rail passengers urged to check Monday travel

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

from BBC News - Business https://ift.tt/26kBK7d

National Insurance: Will tax cut save me money?

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

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

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.

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

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.

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

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.

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

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".

from BBC News - Business https://ift.tt/jxH7FCO

Twitter UK staff get deadline over cuts consultation

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

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

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

Will falling gas prices mean lower bills?

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

from BBC News - Business https://ift.tt/zcXH6eG

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.

from BBC News - Business https://ift.tt/k4LIMnQ

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

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

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

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

Mortgages: What happens if I miss a payment?

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

from BBC News - Business https://ift.tt/ZjRK8NG

Netflix starts cheaper streaming service with adverts

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

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

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.

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

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.

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

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.

from BBC News - Business https://ift.tt/IDjT4W9

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.

from BBC News - Business https://ift.tt/xAz1OYM

US interest rates rise to fresh 14-year high

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

from BBC News - Business https://ift.tt/PTI84AY

Rental options squeezed by landlords' mortgage pressures

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

from BBC News - Business https://ift.tt/H5IQkt7

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.

from BBC News - Business https://ift.tt/RNXAw7D

Questions raised about AI weapons-scanning company

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

from BBC News - Business https://ift.tt/o7s2zjZ

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.

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

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

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

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

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.

from BBC News - Business https://ift.tt/5Z2xdzK

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.

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

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.

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

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.

from BBC News - Business https://ift.tt/mwRqOj9

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.

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

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.

from BBC News - Business https://ift.tt/r1WiHpG

Can electrical stimulation improve your gym workout?

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

from BBC News - Business https://ift.tt/7Nbo1jU

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.

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

Finland wants to transform how we make clothes

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

from BBC News - Business https://ift.tt/GiBe6mu

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

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

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

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.

from BBC News - Business https://ift.tt/dGXzU68

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.

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

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.

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

Liz Truss admits disruption after tax cut pledges

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

from BBC News - Business https://ift.tt/9gn73Ol

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.

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

EU agrees windfall tax on energy firms

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

from BBC News - Business https://ift.tt/bq7YaDR

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.

from BBC News - Business https://ift.tt/epD5LBc

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.

from BBC News - Business https://ift.tt/S9lcByk

US points finger at Russia over gas pipeline sabotage

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

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

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.

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

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.

from BBC News - Business https://ift.tt/P4fGyq1

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.

from BBC News - Business https://ift.tt/Nj1TvkD

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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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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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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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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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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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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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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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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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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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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