A higher cap for the next three months adds £94 to the typical annual domestic energy bill.
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Sunday, December 31, 2023
US Navy helicopters destroy Houthi boats in Red Sea after attempted hijack
The US military says it was responding to a second attack on the same vessel near Yemen in 24 hours.
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Venice to ban large tourist groups and loudspeakers
The new rules will come into effect in June and are part of an effort to ease the impact of tourism.
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Saturday, December 30, 2023
How will the UK economy compare to other countries in 2024?
After a tough 2023, will things improve for the UK and other economies in the new year?
from BBC News - Business https://ift.tt/8pl13...
Eurostar services to resume after major disruption
Many passengers are still stranded in London and Paris after flooding cancelled all Eurostar trains.
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Friday, December 29, 2023
Tim Martin: Wetherspoon boss knighted in New Year Honours
The pub chain founder and Brexit campaigner is recognised for services to hospitality and culture.
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Argentina pulls out of plans to join Brics bloc
It had been due in a few days to join the grouping, seen as a counterweight to the Western-led world.
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Thursday, December 28, 2023
Boeing urges 737 Max inspections for possible loose bolt
The airplane maker is urging airlines to inspect rudder control systems on the planes.
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Google settles $5bn lawsuit for 'private mode' tracking
Large technology firms have faced increased scrutiny of their practices in the US and beyond.
from BBC News - Business https://ift.tt/07RoS...
Post Office cash withdrawals reach record high before Christmas
More than £62m was withdrawn on the Friday before Christmas according to the Post Office.
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Recycling electrical goods could be done at kerbside and drop-off points in shops
UK households could put old toasters and hairdryers on the kerbside for pick-up under the proposals.
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Wednesday, December 27, 2023
Hapag-Lloyd says Red Sea route still 'too dangerous'
Several major shipping firms are still avoiding the route after attacks related to the Israel-Gaza war.
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Treasury says 2024 Budget to be held on 6 March
The speech could be the government's last opportunity to set out tax changes before the general election.
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Wolfgang Schäuble: Merkel's no-nonsense finance minister dies aged 81
Although never chancellor, Wolfgang Schäuble was one of Germany's most influential politicians.
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Tuesday, December 26, 2023
Apple seeks appeal after US allows smart watch import ban
Imports and sales of Apple's Series 9 and Ultra 2 watches in the US have halted over a patent dispute.
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Boxing Day sales: Shoppers predicted to spend less
About £3.7bn is expected to be spent on Tuesday, research suggests, but that is still down on 2022.
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Daihatsu pauses production over safety scandal
The Japanese carmaker admitted it had falsified safety tests for many of its vehicles.
from BBC News - Business https://ift.tt/2hi9V...
Maersk preparing to resume shipping through Red Sea
The announcement follows the deployment of an international military operation to prevent attacks on ships.
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Tanker hit off India coast by drone from Iran, says US
Saturday's attack caused a fire on board the chemical tanker in the Indian Ocean, the US military says.
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Monday, December 25, 2023
House prices to fall and rents to rise in 2024, forecasts suggest
While first-time buyers would welcome price falls, the other costs they face are likely to be higher.
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Sunday, December 24, 2023
Jim Ratcliffe: Who is the man buying Man Utd stake?
One of the UK's richest men, Sir Jim has built a multi-billion pound business by snapping up unloved assets.
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Manchester United: Sir Jim Ratcliffe agrees deal to buy 25% stake for about £1.25bn
British billionaire Sir Jim Ratcliffe agrees a deal to buy a 25% stake in Manchester United from the Glazer family.
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High winds likely to add to Christmas Eve travel disruption
Weather warnings cover parts of the UK, with rail disruption expected from engineering works and staff shortages.
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Saturday, December 23, 2023
Smithfield Market pre-Christmas meat auction returns
The traditional meat market returned on Saturday for the first time since before the Covid pandemic.
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UK travel: Millions take to roads and rail ahead of Christmas
The AA warns of "lengthy jams" on the roads, while many rail services are starting to wind down.
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Friday, December 22, 2023
Tech Trends 2024: AI and electric vehicle deals
From an AI slowdown to humanoid robots doing real work - tech trends to watch out for in 2024.
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Airbus Atlantic: 700 staff sick after Christmas dinner
It is unclear what was on the menu for the festive feast turned nightmare before Christmas.
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Vet prices need to be made clearer, says Which?
The consumer body says it has found evidence of unclear fees and potential overtreatment by vets.
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Rail fares in England to rise by up to 4.9% in March
The rise is below inflation but comes after a year of disruption for passengers.
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Thursday, December 21, 2023
US Steel sale to Nippon must be probed on 'national security' grounds - Biden
Japanese steel giant Nippon this week announced plans to buy US Steel in a deal worth nearly $15bn.
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Eurostar services suspended after strike
The last-minute action by workers on the cross channel rail route is also affecting Eurotunnel passengers.
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UK to sign financial deal with Switzerland
The agreement will make it easier for British and Swiss finance firms to deal with each other.
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Post Office victims compensation cut by half
The firms has now set aside £244m following over estimations on the number of people who might apply.
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Wednesday, December 20, 2023
Starbucks blames 'misrepresentation' after Israel Gaza protests
Facing global boycott calls, boss Laxman Narasimhan says: "I pray for peace - immediately'.
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Public pay must reflect rises, ministers say
Government letters to pay review bodies say pay rises should be reflected when setting pay in 2024
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Why is inflation higher in UK than other countries?
Despite recent falls, prices are still rising faster in Britain than other parts of the world.
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Energy bills predicted to fall in April to £1,660
Analysts at Cornwall Insight say lower wholesale energy prices will reduce bills by £268.
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Tuesday, December 19, 2023
Scottish Budget: Higher earners to pay more income tax
People earning more than £75,000 will pay more tax as part of efforts to plug a £1.5bn funding shortfall.
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What is the impact of the Red Sea attacks?
Global supply chains face severe disruption due to shipping firms diverting away from the Red Sea.
from BBC News - Business https://ift.tt/i0Gx3...
Superdry profits hit after 'abnormally mild autumn'
The clothing retailer warns of "challenging conditions" which have driven down sales.
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Europe and US extend trade truce over Trump tariffs
The Biden administration pauses levies on EU steel and aluminium until after the US election.
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Monday, December 18, 2023
EU takes action against Elon Musk's X over disinformation
The EU says it is launching "formal enforcement proceedings" against the social media platform.
from BBC News - Business https://ift.tt/yZi8g...
Evergreen Line refuses Israeli cargo after Red Sea attacks
Evergreen Line said it will stop ships travelling through the Red Sea immediately.
from BBC News - Business https://ift.tt/OuxqW...
Minimum wage rise 'painful', says Hollywood Bowl
The 10-pin bowling operator says the increase in the National Living Wage was an "unexpected hit".
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Sunday, December 17, 2023
Nasdaq on the hunt for more UK firms to list in US
The US stock exchange wants to lure more companies from London to raise investor cash in New York instead.
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The secret sauce for Taiwan's chip superstardom
How an island that exported t-shirts and sugar turned into the world's largest silicon chip factory.
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Network Rail manager for stranded passenger line quits
Passengers were stuck in cold and dark carriages for hours recently after overhead electric cables were damaged.
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Saturday, December 16, 2023
Netflix: What the viewing figures actually tell us about viewing habits
The Night Agent and The Mother were among the streamer's biggest hits in the first half of 2023.
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More big shipping firms stop Red Sea routes after attacks
MSC, the world's largest shipping group, becomes the fourth company to divert ships following attacks.
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Friday, December 15, 2023
Politics not behind Coutts account closures, says review
NatWest commissioned a review after admitting failings in handling Nigel Farage's account.
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Parcel firm Evri admits it has earned its poor reputation
The parcel delivery firm claims deliveries and customer communication has now improved.
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Hinkley C nuclear reactor roof lifted into place
The 245-tonne steel dome is lifted into place at the nuclear power station in Somerset.
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Energy bills could rise by £16 to cover customers' debts
Regulator Ofgem wants households to pay an extra £16 a year as debt levels reached nearly £3bn.
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Thursday, December 14, 2023
Redcar hydrogen trial scrapped by government
Proposed Redcar hydrogen trial is halted because the main source of the gas supply is not available.
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Threads: Meta's rival to Elon Musk's X launches in EU
The platform is released five months after it debuted in the UK, US and other parts of the world.
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'A viral Facebook post nearly blew up our business'
Joanna Jensen, founder of skincare brand Childs Farm, shares advice for start-ups for our CEO Secrets series.
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Wednesday, December 13, 2023
Elon Musk's Tesla recalls two million cars in US over Autopilot defect
It follows investigation into crashes which occurred when firm's Autopilot system was in use.
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Martin Lewis: 'I have dark days mental health wise'
The "Money Saving Expert" says pressure of being a trusted voice on finance is "horrendous".
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Baby formula prices: Soaring costs devastating family finances - survey
Two-thirds of new mothers have been forced into "tough choices" due to 25% price rise, a survey says.
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Tuesday, December 12, 2023
Could there be a gold rush for buried hydrogen?
Many see hydrogen as the green fuel of the future so underground deposits of the gas could be valuable.
from BBC News - Business https://ift.tt/ybo4x...
Thames Water says it can't pay back £190m loan
Thames Water boss tells MPs it doesn't have enough money to pay back a loan due in April next year.
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E3: Once world's biggest gaming show permanently axed
The annual video game expo struggled to stay popular after gaming giants launched their own events.
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Zara pulls advert accused of resembling Gaza images
The fashion firm says it regrets any misunderstanding about its advertising campaign.
from BBC News - Business https://ift.tt/6Nfxh...
Monday, December 11, 2023
Smile Direct Club: Customer 'gutted' over £800 loss
Dentistry trade bodies express "great concern" for patients as Smile Direct Club ceases trading.
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Oxfam workers suspend strike after revised pay offer
Charity shop workers call off four days of walkouts to consider deal, but warn strikes could resume.
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Train ticket websites warned over drip pricing
The rail regulator has written to seven third-party sites over concerns their fees are not clear enough.
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Rowan Glen: Yoghurt factory revival hits 20 million pots a year
Why things are looking up at a rural site saved from permanent closure by a buyout last year.
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Sunday, December 10, 2023
Javier Milei: New president tells Argentina 'shock treatment' looms
The country's new far-right president vows to launch a radical economic programme as he is sworn in.
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Smile Direct Club dentistry aligners firm shuts down
Best known for selling clear aligners remotely, it has shut down months after filing for bankruptcy.
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Gap between haves and have-nots widening, report warns
Report mentions stagnant wages and mental health issues, and says the gap widened in the pandemic.
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Saturday, December 9, 2023
How Shohei Ohtani became Japan's biggest baseball export
His impact in the US surpasses that of all Japanese stars before him - and he now has a record $700m contract.
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Friday, December 8, 2023
Google admits AI viral video was edited to look better
Instead of the AI responding to voice and video, it was fed text prompts and still images.
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Microsoft's links with OpenAI to be reviewed by competition watchdog
The Competition and Markets Authority will consider if ties between the two could be considered a merger.
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Average two-year mortgage rate falls below 6%
Mortgage providers have been cutting rates, but many homeowners still face a payment shock.
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Edinburgh Reforms: City shake-up branded 'damp squib' by MPs
The Treasury Committee says much of what was promised by the chancellor has not materialised.
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Thursday, December 7, 2023
Anger as Nationwide orders workers back to office
Nationwide - which has its HQ in Swindon - tells staff to work in offices at least two days a week.
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South East Water pays £2.3m dividend amid watchdog probe
Ofwat is investigating South East Water over service to customers and record in maintaining supply.
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Jacob Rees-Mogg's investment management firm to close
The fund manager co-founded by the MP is winding down after reports it had lost its largest client.
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Lego Fortnite: Gaming giant launches Minecraft rival
The new co-operative survival game mode sees players crafting items with Lego bricks.
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Wednesday, December 6, 2023
Meta is child abuse 'breeding ground', lawsuit claims
Facebook and Instagram are rife with child abuse, the New Mexico attorney general alleges.
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AOG Technics: UK fraud body makes arrest in aircraft parts probe
It has launched a criminal investigation into alleged fraud at aircraft parts supplier AOG Technics.
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Mortgage problems ease but many face ‘price shock’
The Bank of England says fewer households will struggle to keep up with mortgage payments than previously thought.
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EU to delay tariffs on UK electric cars until 2027
it comes after EU and UK carmakers said they were not ready for the change in post-Brexit trade rules.
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Tuesday, December 5, 2023
Ladbrokes and Coral owner to pay £585m over bribery allegations
Entain, which owns Ladbrokes and Coral, will pay HMRC £585m, it was decided on Tuesday.
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Israel probes claims share traders knew of Hamas attack in advance
Investors betting against Israeli shares may have made large sums, an academic study suggests.
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China's debt outlook downgraded as economy slows
The Moody's credit rating agency warns of "broad downside risks" as the country faces a need for stimulus.
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Fashion firm Quiz to launch review as sales slide
The fashion retailer cuts its revenue forecasts as cost-of-living pressures hit spending.
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Monday, December 4, 2023
Irish chain Omniplex acquires under-threat British cinemas
Omniplex Cinema Group invests £22.5m into a UK expansion.
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Salary threshold for migrant worker visa set to rise under legal migration curbs
The hike is expected as part of plans to curb legal migration, which has hit record levels.
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Booking.com users angry at firm's response to hacks
Customers say they have been failed and feel let down after losing hundreds of pounds to fraudsters.
from BBC News - Business https://ift.tt/URTZC...
Spotify to axe 17% of staff to save costs
The music-streaming company says it is cutting its workforce to "rightsize" the firm.
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Sunday, December 3, 2023
Smart meters: Almost three million still not working
Customers face incorrect bills as 2.7 million smart meters fail to send automatic readings.
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'Labour won't turn on spending taps' says Starmer
Sir Keir Starmer will say in a speech there will be "huge constraints" if Labour win power.
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Bankruptcy 'opportunity' after student loan crisis
Changes in the US are enticing more people to file bankruptcy to clear their student loans.
from BBC News - Business https://ift.tt/1WzER...
Saturday, December 2, 2023
Baby formula soaring costs: 'I struggle, but I won’t buy a cheaper brand'
Why struggling parents aren't choosing cheaper brands when it comes to infant formula milk.
from BBC News - Business https://ift.tt/QomWs...
Friday, December 1, 2023
Sir James Dyson loses libel claim against Daily Mirror publisher
The inventor was suing the newspaper for libel over an article published in January 2022.
from BBC News - Business https://ift.tt/EDmRN...
Wilko: First new stores reopen in Devon
The branches are the first to be introduced nationally following the chain's collapse in August.
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Bank branch closures hits Prime Minister Rishi Sunak's constituency
The last bank in Richmond, North Yorkshire - Rishi Sunak's constituency - will close and be replaced by a hub.
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House prices edge higher as signs mortgage rates will fall
The Nationwide says there are "encouraging signs" that mortgage rates are starting to come down.
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Thursday, November 30, 2023
OpenAI chaos not about AI safety, says Microsoft boss
Microsoft's president says the sacking of OpenAI boss Sam Altman was not because of AI safety worries.
from BBC News - Business https://ift.tt/IrTZe...
Former Chancellor Alistair Darling dies aged 70
Tributes from all sides to former Labour chancellor who steered the UK through 2008's economic crisis.
from BBC News - Business https://ift.tt/kCd0o...
Dr Martens shares plunge after profit warning
The famous bootmaker says its business has been hit by weak trade in the US.
from BBC News - Business https://ift.tt/qG6RT...
RMT union votes to end rail strikes until at least spring
Rail workers have voted to accept a pay deal, ending their involvement in a long-running series of strikes.
from BBC News - Business https://ift.tt/5Cmq7...
Wednesday, November 29, 2023
Feminist site Jezebel to be revived after sale
Paste Magazine, a music publication, said it planned to relaunch this week.
from BBC News - Business https://ift.tt/rHEml...
Amazon latest tech giant to announce AI chatbot
The bot, called Q, can help firms answer customer queries, analyse data and help with coding.
from BBC News - Business https://ift.tt/lnBWH...
Energy saving scheme: What is the energy saving scheme for electricity?
A scheme to reward people for cutting back on electricity use is running for a second day.
from BBC News - Business https://ift.tt/oeHZu...
Tuesday, November 28, 2023
Government spending plans 'a very big risk', says watchdog
The Office for Budget Responsibility says the plans are "uncertain" and rely on projected savings.
from BBC News - Business https://ift.tt/UD2Fp...
'We don't know if we can complete on our new home'
Alice Fenton is one of many homebuyers currently in limbo as a result of a cyber-attack on IT firm CTS.
from BBC News - Business https://ift.tt/Q9Rmw...
Tata Steel: Unions split on Port Talbot rescue plan
Unite changes its stance on an alternative plan to decarbonise the giant plant in Port Talbot.
from BBC News - Business https://ift.tt/pJ5zT...
Wilko rescue deal failed because of greed, claims HMV boss
Doug Putman says a bid to save Wilko was stymied as the former chair faces MPs over the collapse.
from BBC News - Business https://ift.tt/ZD9jP...
Monday, November 27, 2023
Charlie's Bar, Fermanagh, 'blown away' by Christmas ad response
A Northern Irish pub's take on Christmas adverts gets the John Lewis seal of approval.
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No rate cuts for foreseeable future, says Bank
Andrew Bailey, governor of the Bank of England, says lowering inflation further will be "hard work".
from BBC News - Business https://ift.tt/Iwz4k...
Eurostar Amsterdam-to-London services to be suspended for six months
Trains will be suspended from next June because of renovation work at Amsterdam's central station.
from BBC News - Business https://ift.tt/yXuEq...
Can I get a Cold Weather Payment and how much are they?
Cold Weather Payments are available to some when there is a run of sub-zero temperatures.
from BBC News - Business https://ift.tt/Dt3uY...
Sunday, November 26, 2023
Tobacco firm calls for tougher rules on vapes
BAT wants sellers to be licensed, and sweet flavours banned
from BBC News - Business https://ift.tt/EYr9Z...
Sunak welcomes foreign firms' £29.5bn 'vote of confidence'
The prime minister says foreign investors' plans to invest £29.5bn is a "huge vote of confidence".
from BBC News - Business https://ift.tt/39fyd...
Labour hopes to cut net migration to around 200,000
The party says it wants migration to return to "normal levels", depending on the needs of the economy.
from BBC News - Business https://ift.tt/ymkJe...
Only shop on Lismore saved after community buyout
Over 200 people backed the campaign to secure the Lismore's closure-threatened store for the future
from BBC News - Business https://ift.tt/YAJ4R...
Saturday, November 25, 2023
Interest rates: Why there is more pain still to come
Inflation may be easing but the impact of high interest rates is still to kick in for many people.
from BBC News - Business https://ift.tt/AVH0w...
Friday, November 24, 2023
John Lewis to offer health checks to customers
The department store is partnering with Covid-19 testing firm Randox Health to offer new services.
from BBC News - Business https://ift.tt/EVA6Y...
Carnival UK withdraws 'fire-and-rehire' threat
Carnival UK says it will not pursue the controversial strategy which could have affected 900 crew.
from BBC News - Business https://ift.tt/AGtv6...
Judge invited to taste test cider in Aldi row
Somerset brewer Thatchers accuses Aldi of "copycatting" its Cloudy Lemon Cider for its Taurus drink.
from BBC News - Business https://ift.tt/us1MT...
HSBC mobile banking down for thousands across UK
The firm is investigating the problem, which comes on the busy shopping day Black Friday.
from BBC News - Business https://ift.tt/atpMi...
Thursday, November 23, 2023
Energy saving tips: Five ways to cut costs this winter
Energy prices will be lower this winter than last - but you may be able to save even more on your bill.
from BBC News - Business https://ift.tt/AhsIX...
Turkey's central bank raises interest rates to 40%
Turkey has been hit with soaring prices, but its president has only recently allowed rate hikes.
from BBC News - Business https://ift.tt/ytfzG...
Autumn Statement: Hunt denies tax cuts were pre-election giveaway
The chancellor insists his statement was not "crowd-pleasing" and denies being dishonest about tax.
from BBC News - Business https://ift.tt/LKszN...
Households to be £1,900 poorer, says think tank
The government is on course to set a "grim" new record on living standards, Resolution Foundation says.
from BBC News - Business https://ift.tt/5a4xL...
Wednesday, November 22, 2023
State pension and triple lock: What is it worth and when do you get it?
A second significant rise in the state pension will come in April under what is known as the triple lock.
from BBC News - Business https://ift.tt/WyMpG...
Telegraph: Ministers may order probe into newspaper's sale
The culture secretary says she has "concerns" about the newspaper's sale to an Abu Dhabi-backed fund.
from BBC News - Business https://ift.tt/WIFib...
Grangemouth oil refinery due to cease operations by 2025
Petroineos says it aims to turn the Grangemouth site into a fuels import terminal by spring 2025.
from BBC News - Business https://ift.tt/oADrf...
How lockdown inspired fight against period poverty
Inside a project tackling period poverty, with an army of thousands of volunteers across the world.
from BBC News - Business https://ift.tt/fx9Fb...
Tuesday, November 21, 2023
Binance chief Changpeng Zhao pleads guilty to money laundering
Changpeng Zhao will also step down as chief executive of the world's largest crypto-exchange.
from BBC News - Business https://ift.tt/XJ1Bh...
Minimum wage to rise to £11.44 per hour
The new rate will apply to those aged 21 and over for the first time, the chancellor says.
from BBC News - Business https://ift.tt/CY0Gi...
OpenAI: Microsoft wants changes after Sam Altman debacle
Microsoft's CEO responds to the chaos at OpenAI, where the boss's sacking has caused a staff revolt.
from BBC News - Business https://ift.tt/QDrKC...
Court rules Deliveroo drivers cannot be unionised
The ruling at the Supreme Court is the latest in a long-running legal dispute.
from BBC News - Business https://ift.tt/wmqaB...
Monday, November 20, 2023
Autumn Statement 2023: When is it and how will it affect me?
Chancellor Jeremy Hunt is set to unveil the government's tax and spending plans.
from BBC News - Business https://ift.tt/dusf7...
Shakira: Singer settles Spanish tax fraud case with €7.5m fine
Shakira, who has repeatedly denied wrongdoing, settled "with the best interest of my kids at heart".
from BBC News - Business https://ift.tt/KMbij...
Rishi Sunak: The time has come to cut tax
The prime minister says taxes can be cut "in a responsible way" after the inflation rate halved.
from BBC News - Business https://ift.tt/I9PDU...
Chris Mason: Jeremy Hunt looks likely to cut taxes - the question is where?
The focus of the Autumn Statement is expected to be on business taxes and growing the economy.
from BBC News - Business https://ift.tt/i46bs...
Sunday, November 19, 2023
‘I was addicted to social media - now I'm suing Big Tech’
The lawsuit says four of the largest social media firms knowingly expose children to harmful products.
from BBC News - Business https://ift.tt/HDy1N...
Former OpenAI boss Sam Altman boss pictured at firm's HQ amid reports of return
Sam Altman posts a selfie from the firm's US head office 48 hours after his shock ouster from the company.
from BBC News - Business https://ift.tt/PYnSD...
Heathrow passengers facing delays after staff shortages and strong winds
Some travellers are waiting for hours after Air Traffic Control restricts take-offs and landings.
from BBC News - Business https://ift.tt/m0Vil...
Hunt does not rule out tax cuts in Autumn Statement
Chancellor tells Laura Kuenssberg priority is growth ahead of delivering the Autumn Statement on Wednesday.
from BBC News - Business https://ift.tt/39GFY...
X ad boycott gathers pace amid antisemitism storm
US firms, including Apple and Disney, are reportedly suspending ads on the Elon Musk-owned site.
from BBC News - Business https://ift.tt/9si8p...
Friday, November 17, 2023
AI boss Sam Altman ousted by OpenAI board
OpenAI said it 'no longer had confidence' in his ability to lead the artificial intelligence firm.
from BBC News - Business https://ift.tt/zH3TR...
White House criticises Elon Musk over 'hideous' antisemitic lie
Controversies over antisemitism have engulfed the billionaire and his social network, X.
from BBC News - Business https://ift.tt/ig1dX...
What is inheritance tax and will it be cut?
Inheritance tax is again creating political debate so how does it work and who pays?
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Autumn Statement: Jeremy Hunt considering cuts to inheritance tax
The BBC has been told the chancellor is considering cutting some taxes in his Autumn Statement.
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Thursday, November 16, 2023
Russian Carlsberg staff arrested after business seized
Two senior managers of Carlsberg's Russian subsidiary were arrested on Wednesday over allegations of fraud.
from BBC News - Business https://ift.tt/kl9dM...
Benefit claimants not seeking work to face mandatory work placements
It is part of a plan to get people back to work, with more investment in career support also promised.
from BBC News - Business https://ift.tt/6u719...
Cinema advertising boss inspired by Avengers Assemble
Kathryn Jacob, CEO of cinema advertising firm Pearl & Dean, explains her philosophy of team leadership.
from BBC News - Business https://ift.tt/Sy6Nw...
Wednesday, November 15, 2023
Alstom: Train manufacturer puts 1,300 jobs at risk in Derby
The manufacturer says its factory in Derby has no confirmed work beyond the first quarter of 2024.
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Barbie movie added £80m to UK economy and used 6,000 extras, Warner Bros says
The hit movie was partly shot at the Warner Bros studios in Hertfordshire, using over 6,000 extras.
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Co-op store workers' lives threatened by suspected shoplifters
The Co-op says there are 3,000 occasions this year where shoplifters have been detained in their stores.
from BBC News - Business https://ift.tt/sBgEG...
Tuesday, November 14, 2023
The Body Shop changes hands again for £200m
The ethical soaps and scrubs brand is being sold after Brazilian owner Natura failed to turn around its fortunes.
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US inflation eases as lower gas prices offset rent rise
Prices in the year to October rose by their lowest rate since July, even as housing costs continue to climb.
from BBC News - Business https://ift.tt/TVPz7...
McDonald's fires 18 people after BBC investigation
The restaurant chain's UK boss tells MPs more than 400 people have made complaints since July.
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Meta OKs deleting Threads without losing Instagram
Previously, getting rid of the app fully required deleting the associated Instagram account.
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Monday, November 13, 2023
Nepal to ban TikTok citing disruption to social harmony
TikTok is under scrutiny over concerns that data could be passed to the Chinese government.
from BBC News - Business https://ift.tt/CRwgl...
Cost-of-living payments: What are they, who gets them and are they fair?
Millions of low-income households are receiving the latest cost-of-living payment between by 19 November.
from BBC News - Business https://ift.tt/4Tthq...
Avon to open physical shops in the UK for the first time
The beauty brand made famous by its door-to-door sales slogan "Ding dong, Avon calling!" is changing tack.
from BBC News - Business https://ift.tt/omGtK...
Cameron's return revives memories of Greensill finance scandal
Documents suggest Mr Cameron made $10m promoting the controversial finance business Greensill Capital, which later collapsed.
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Sunday, November 12, 2023
DP World: Australia ports remain closed after cyber-attack
Operations at DP World sites in Melbourne, Sydney, Brisbane and Perth have been suspended since Friday.
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Peter Nygard: Fashion mogul guilty of sex assaults
The 82-year-old is still facing a trial in Montreal and extradition to the US.
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Saturday, November 11, 2023
Whitney Wolfe Herd: How the Bumble boss changed the dating scene
Whitney Wolfe Herd is stepping down as chief executive at the end of the year after nearly a decade.
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Friday, November 10, 2023
Ryanair: How a budget airline took off on TikTok
Through comedy TikToks about its extra fees, Ryanair has attracted millions of likes and followers.
from BBC News - Business https://ift.tt/Bnubd...
Man Utd: Sir Jim Ratcliffe's minority stake close to being agreed
Sir Jim Ratcliffe's deal to become a minority shareholder in Manchester United is expected to be agreed during this month's international break, possibly as early as next week.
from BBC News - Business https://ift.tt/c1rst...
Microsoft Teams and Xbox down for some in UK and Europe
Users are complaining of problems accessing workplace app and the gaming platform.
from BBC News - Business https://ift.tt/mUpSA...
Ex-NatWest boss loses out on £7.6m payout after Farage row
Dame Alison Rose resigned after admitting to discussing details about Nigel Farage's bank account.
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Thursday, November 9, 2023
Fuel prices still cause for concern, warns watchdog
A new report has found while wholesale prices have dropped, petrol and diesel is more expensive.
from BBC News - Business https://ift.tt/t8b1D...
Mortgage arrears up sharply with landlords hit hard
Rising interest rates put pressure on homeowners and landlords, with more falling behind on payments.
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Apple should pay €13bn Irish tax, argues EU lawyer
The opinion is the latest twist in a long-running saga between the EU, Apple and the Irish government.
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Apple co-founder Steve Wozniak in hospital - reports
The 73-year-old passed out at a business conference in Mexico City, according to reports.
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Wednesday, November 8, 2023
Disney boss declares new era after job cuts
The entertainment giant has been under pressure as its traditional movie and film businesses decline.
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RMT and train firms agree deal that could end strikes
If workers back the deal it would bring an end to 18 months of disruptive strike action.
from BBC News - Business https://ift.tt/gQ85z...
Lloyds of London to invest £40m over 'significant' slavery links
A report showed the City firm played a "significant role" in enabling the transatlantic slave trade.
from BBC News - Business https://ift.tt/gjpw9...
Fans lament as Nestle axes Caramac bar after 64 years
Nestle says it will no longer be making Caramac chocolate bars because sales have been falling.
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Tuesday, November 7, 2023
China detains DouYu founder, investment guru - reports
They include a streaming app founder and an executive referred to as China's Warren Buffett.
from BBC News - Business https://ift.tt/UZFtg...
Autumn Statement 2023: When is it and how will it affect me?
Chancellor Jeremy Hunt is set to unveil the government's tax and spending plans.
from BBC News - Business https://ift.tt/OWViS...
Monday, November 6, 2023
Bumble founder Whitney Wolfe Herd steps down as boss of dating app
Billionaire Whitney Wolfe Herd, who created the firm in 2014, will be replaced by Slack's chief.
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Alison Rose: Watchdog apologises to former NatWest boss over Farage inquiry
The Information Commissioner's Office says it should not have suggested Dame Alison Rose breached privacy laws.
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Ryanair profits surge as fares rise by a quarter
The airline says it carried a record number of passengers over the summer, despite an increase in fares.
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Sunday, November 5, 2023
Football Manager 2024: How the franchise made millions
As the studio celebrates its 20th edition, the people that make it tell the BBC how it has changed.
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Annual oil and gas licences planned with net zero commitment required
Projects will have to meet net zero targets, under the proposals to be outlined in the King's Speech.
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Musk says his new AI chatbot has 'a little humour'
The AI tool, designed to have a cheeky tone to its writing, is not yet widely available.
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One in 10 mothers with under-fours quit work over childcare, says charity
A quarter of a million mothers with children under four have left their jobs, the Fawcett Society says.
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Saturday, November 4, 2023
Sustainable fishing: The tech making it cheaper and greener
Fishermen in Scotland and Indonesia are trialling new technology to improve their catch.
from BBC News - Business https://ift.tt/6SB3b...
Friday, November 3, 2023
China and Australia: Frenemies who need each other
Australia's Anthony Albanese is in Beijing this weekend for the first such trip in seven years.
from BBC News - Business https://ift.tt/u35yJ...
US jobs growth cools more than expected in October
The report from the Labor Department suggests America's run of stronger-than-expected job gains may be over.
from BBC News - Business https://ift.tt/2C43S...
Maersk to cut 10,000 jobs as shipping demand falls
One of the world's largest export firms reported a fall in profits as freight costs have plunged.
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Thursday, November 2, 2023
Sainsbury's gains ground in battle with Aldi and Lidl
The supermarket says customers who used to shop only at the discounters are now coming to Sainsbury's too.
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New mothers faced energy meter force-fittings
The first warrants granted for months to force-fit prepayment meters wrongly included new mothers' homes.
from BBC News - Business https://ift.tt/aiy2Y...
Spirit Aerosystems aims to renegotiate Airbus A220 deal
The firm makes wings for the Airbus A220 in its Belfast factory but the programme is making a loss.
from BBC News - Business https://ift.tt/4svzM...
Wednesday, November 1, 2023
FTX: Prosecutors accuse Crypto King Sam Bankman-Fried of 'deceit'
Sam Bankman-Fried is facing charges of fraud and money laundering, which he denies.
from BBC News - Business https://ift.tt/Nau67...
Tata Steel: Unions condemn plans for UK's biggest steelworks
Port Talbot will see more than £1bn in investment to ensure its future, but may see jobs cut.
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Asos: Lichfield warehouse to be closed as profits slump
Too much stock, made worse by "poor operating practices", were to blame for poor performance, the firm said.
from BBC News - Business https://ift.tt/STxXf...
Tuesday, October 31, 2023
CEO Secrets: ‘Pumpkins saved my business but almost squashed me’
Kim Innes founded Humble Crumble, a crumble bakery that’s sold more than half a million sweet treats.
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Sam Bankman-Fried pressed in court over past comments
As inconsistencies were put to him, the former crypto boss often told the court "I don't recall" .
from BBC News - Business https://ift.tt/Vt12z...
Carlsberg cuts ties with 'stolen' Russian business
The Danish brewer says it refused to enter into negotiations after its Russian business was seized.
from BBC News - Business https://ift.tt/o68iw...
Plans to close rail ticket offices in England scrapped
Transport Secretary Mark Harper says the proposals did not meet "high thresholds" set by government.
from BBC News - Business https://ift.tt/WUDSs...
Monday, October 30, 2023
New licences granted for North Sea oil and gas projects
The UK government has granted 27 new oil and gas licences for projects in the North Sea.
from BBC News - Business https://ift.tt/qyCJ0...
Big banks accused of doing little for savers
Returns have improved, but a group of MPs says big banks are doing "as little as they can" for savers.
from BBC News - Business https://ift.tt/F1LNk...
US announces 'strongest global action yet' on AI safety
The measures have been issued less than 48 hours before the UK hosts an AI safety summit.
from BBC News - Business https://ift.tt/Eyxq4...
Crewe: What will happen now HS2 is cancelled?
Millions were spent on preparing Crewe for the arrival of HS2 so what will happen to the town now?
from BBC News - Business https://ift.tt/DELc9...
Sunday, October 29, 2023
Fewer trains to run from London to Manchester
Avanti is to run a reduced service between London to Manchester on Saturdays until the end of the year.
from BBC News - Business https://ift.tt/QbPH4...
Sale of NHS data up to government, says tech boss
The head of Palantir, which is in the running for an NHS contract, says it would not have access to data.
from BBC News - Business https://ift.tt/oEs58...
UAW strike: Stellantis and union agree pay rise in tentative deal
Stellantis becomes the second US car giant to strike a tentative deal with the United Auto Workers union.
from BBC News - Business https://ift.tt/8ONW3...
Friday, October 27, 2023
Short selling: Don’t be the 'Dumb Money'
Short selling can be risky, but more and more amateur investors are taking it up.
from BBC News - Business https://ift.tt/KUiC9...
Shared appreciation mortgages: The 1990s deals that became a nightmare
Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.
from BBC News - Business https://ift.tt/TIBKS...
FTX: 'Crypto King' admits people got hurt as speaks out in trial
Former crypto boss Sam Bankman-Fried testifies in his fraud trial in New York.
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Russia hikes interest rates to 15% as inflation soars
The Bank of Russia raises rates more than expected to try to lower inflation and boost the rouble.
from BBC News - Business https://ift.tt/OMtXE...
Thursday, October 26, 2023
Rishi Sunak says AI has threats and risks - but outlines its potential
Rishi Sunak warns AI could help terrorists spread fear but urges the public not to lose sleep.
from BBC News - Business https://ift.tt/8EYcd...
Eurovision Song Contest gave Liverpool £55m 'shot in the arm', mayor says
More than 300,000 people attended song contest-related events in the city in May, the council says.
from BBC News - Business https://ift.tt/0S1Gb...
Wednesday, October 25, 2023
Watchdog: Ex-NatWest boss breached Nigel Farage's privacy
Former Natwest boss Alison Rose should not have shared information on Nigel Farage, watchdog says.
from BBC News - Business https://ift.tt/ecCaz...
Carnival cruise firm pays thousands over Covid 'negligence'
An Australian judge orders Carnival to pay medical bills of passenger who caught Covid on board one of its ships.
from BBC News - Business https://ift.tt/OZWmn...
FTX: 'King of Crypto' to testify in fraud case
Former crypto boss Sam Bankman-Fried has decided to speak in his own defence, his legal team says.
from BBC News - Business https://ift.tt/dUoW7...
Spider-Man 2 fastest-selling game made by PlayStation
The PlayStation 5 exclusive sold more than 2.5 million copies in its first 24 hours.
from BBC News - Business https://ift.tt/gaAZe...
Tuesday, October 24, 2023
States accuse Instagram of hurting mental health
Meta, the parent company of Instagram and Facebook, is facing legal action from dozens of US states.
from BBC News - Business https://ift.tt/cA2nW...
Car workers strike costing GM $200m a week
The UAW action over pay and benefits is now in its sixth week and involves more than 40,000 people.
from BBC News - Business https://ift.tt/RMlOx...
Cap on bankers' bonuses to be scrapped
The plan is part of a post-Brexit shake-up of City rules, the regulators have confirmed.
from BBC News - Business https://ift.tt/1lxh2...
Next Mission: Impossible film delayed by a year by US actors' strike
The eighth movie in the hit Tom Cruise franchise won't now be released until May 2025.
from BBC News - Business https://ift.tt/ZALVc...
Monday, October 23, 2023
Shared appreciation mortgages: The 1990s deals that became a nightmare
Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.
from BBC News - Business https://ift.tt/oHxjD...
Railway ticket office closure plans go too far, too fast, say MPs
The plans risk excluding some passengers from the railway, warns a committee of MPs.
from BBC News - Business https://ift.tt/za8Xv...
Labour more ambitious for Tata Steel - Sir Keir Starmer
UK Labour leader says he wants to preserve jobs, amid looming cuts to Port Talbot steelworks.
from BBC News - Business https://ift.tt/Hwi9U...
Tsingtao: Video shows Chinese beer worker urinating into tank
Tsingtao has alerted Chinese police after a video shows a worker urinating into a tank.
from BBC News - Business https://ift.tt/zOMFu...
Tax cuts will be considered if inflation falls, cabinet minister says
Robert Jenrick says PM Rishi Sunak has the "right priorities" despite his party's by-election losses.
from BBC News - Business https://ift.tt/vLIDc...
Sunday, October 22, 2023
Does the paper industry need to cut its water usage?
Firms in the sector are using new technologies to reduce the amount of water they require.
from BBC News - Business https://ift.tt/4D0kF...
Foxconn: iPhone-maker investigated by Chinese authorities
Chinese state media reports some of the Taiwan-based firm's mainland operations are being investigated.
from BBC News - Business https://ift.tt/sQMct...
Autumn statement: Government considers help for first-time buyers
The Treasury is understood to be considering extending a low deposit mortgage scheme for a year.
from BBC News - Business https://ift.tt/p6ome...
Saturday, October 21, 2023
'My business had £1.6m stolen in 20 minutes'
An employee at Steve Wright's firm was tricked into giving thieves access to the company account.
from BBC News - Business https://ift.tt/5KaxE...
Friday, October 20, 2023
Moody's boosts view of UK after mini-Budget chaos
Ratings agency says "predictability has been restored" following last year's mini-Budget.
from BBC News - Business https://ift.tt/7B4VN...
Thursday, October 19, 2023
Amazon, Expedia and Trustpilot unite to fight fake reviews
Major online firms will work together to fight fake reviews and share best practice.
from BBC News - Business https://ift.tt/BVDxJ...
TransPennine Express announces service cuts to boost punctuality
The train firm's boss says the temporary reduction will help "fix the business in the long term".
from BBC News - Business https://ift.tt/c4v0n...
Welsh Water admits illegally spilling sewage for years
The company released untreated sewage at dozens of sites, including near a bottlenose dolphin habitat.
from BBC News - Business https://ift.tt/KeRu9...
Irish baby milk factory to close as China birth rate drops
The closure of the plant in Askeaton, County Limerick, will mean more than 500 job losses.
from BBC News - Business https://ift.tt/n0oWd...
Wednesday, October 18, 2023
Energy firms ordered to contact struggling customers
The boss of the energy regulator says suppliers must do more to prioritise vulnerable customers.
from BBC News - Business https://ift.tt/aLrZX...
Face search company Clearview AI overturns UK privacy fine
Controversial firm, which acts as a search engine for faces, wins appeal against a watchdog.
from BBC News - Business https://ift.tt/GO0Kd...
Sky Bet tweet featuring Gary Neville banned over gambling ad rules
The advertising authority in the UK says the retired footballer has "strong appeal" for under-18s.
from BBC News - Business https://ift.tt/5JqS4...
Is the UK doing enough to monitor air pollution?
There are now 555 air quality monitors across the country, but some say they aren't good enough.
from BBC News - Business https://ift.tt/zleSE...
Tuesday, October 17, 2023
Gambling levy could raise £100m for NHS treatment
The UK government is proposing gambling companies contribute 1% a year of what they make.
from BBC News - Business https://ift.tt/ruQIh...
HS2: Labour criticises 'back of fag packet' transport plan
The party says the government's alternative plans after scrapping the northern leg of HS2 are an "insult".
from BBC News - Business https://ift.tt/qF8Mb...
Monday, October 16, 2023
LinkedIn: Microsoft says 668 more jobs to go
The company, which is owned my Microsoft, is cutting about 3% of its workforce.
from BBC News - Business https://ift.tt/YdDRg...
Minecraft becomes first video game to hit 300m sales
The Lego-like block-building game cements its position as the best-selling video game of all time.
from BBC News - Business https://ift.tt/GpyNB...
Ten former Tuffnells depots reopen after rescue deal
A total of 12 former Tuffnells delivery depots are back up and running.
from BBC News - Business https://ift.tt/pTWxj...
Sunday, October 15, 2023
Australia fines X for failing to crack down on child abuse content
It comes as X's owner Elon Musk had earlier called child safety his number one priority.
from BBC News - Business https://ift.tt/LzEbI...
Charities 'concerned' over lack of progress with Renters Reform Bill
Thirty charities have warned Rishi Sunak not to abandon the bill banning no-fault evictions.
from BBC News - Business https://ift.tt/NWLyH...
TikTok says action taken on Israel conflict videos
The social media firm lists what it is doing to tackle misinformation after a warning by the EU.
from BBC News - Business https://ift.tt/rwTdi...
Electric cars drive UK MG sales to more than £1bn
The car maker, owned by a Chinese state-controlled company, says it is in a "very strong position".
from BBC News - Business https://ift.tt/kW1qV...
Manchester United: Qatar's Sheikh Jassim withdraws from process to buy club
Qatari banker Sheikh Jassim bin Hamad Al Thani withdraws from the process to buy Manchester United.
from BBC News - Business https://ift.tt/WYFd5...
Saturday, October 14, 2023
What does TikTok's EGX sponsorship mean for the games industry?
The app's hoping to take on Twitch and YouTube to become the main stop for online video games content.
from BBC News - Business https://ift.tt/weIxh...
Friday, October 13, 2023
Microsoft Activision: What does deal mean for gamers?
Call of Duty might be an Xbox exclusive one day, but not for at least 15 years.
from BBC News - Business https://ift.tt/Fc16u...
Bank boss warns world facing 'most dangerous time in decades'
Jamie Dimon says conflicts in Ukraine and Israel may hit energy and food markets, and global trade.
from BBC News - Business https://ift.tt/vqXpe...
Next confirms takeover of Fatface in £115m deal
The retailer has added the clothing chain to the growing list of High Street names it has bought.
from BBC News - Business https://ift.tt/wobRs...
UK probes using frozen Russian assets for Ukraine defence
Chancellor Jeremy Hunt says "we need to do everything we can" to disrupt Russia's ability to fund the war.
from BBC News - Business https://ift.tt/JyVHQ...
Call of Duty maker to be bought by Microsoft
The takeover, the biggest of its kind in the history of gaming, has been approved by UK regulators.
from BBC News - Business https://ift.tt/OKLMH...
Thursday, October 12, 2023
EU opens investigation into X over alleged disinformation
X, formerly Twitter, is being investigated over the possible spread of terrorist and violent content.
from BBC News - Business https://ift.tt/wyXuL...
King Charles III new coin designs revealed
The entire set of circulating coins have been given a makeover to mark the new monarch and the natural world.
from BBC News - Business https://ift.tt/pb5tR...
X claims it is erasing 'illegal' Hamas content after EU ultimatum
The EU gave the former Twitter 24 hours to respond to an order to clean up "disinformation".
from BBC News - Business https://ift.tt/9ImsZ...
US inflation: Higher fuel costs keep driving consumer prices
Consumer prices rose 3.7% over the 12 months to September, the Labor Department says.
from BBC News - Business https://ift.tt/PC8c7...
Tourists spending thousands to get out of Israel
Some travellers are paying vast amounts for flights that end up being cancelled as they try to leave the country.
from BBC News - Business https://ift.tt/cLwC1...
Wednesday, October 11, 2023
UAW auto strike: 8,700 Ford workers in Kentucky down tools
The move is a sharp escalation of the union's ongoing strike against Ford, General Motors and Stellantis.
from BBC News - Business https://ift.tt/5zrs0...
Schools and NHS caterers ‘must stop’ antibiotic overuse
Health and animal welfare campaigners say the overuse of antibiotics by UK farmers should be banned.
from BBC News - Business https://ift.tt/s2LAf...
Nearly half a billion small tech items thrown away
Electrical items such as vapes, fans, cables and USB sticks can all be recycled
from BBC News - Business https://ift.tt/kNZbn...
Safe Hands: Fraud inquiry launched into collapsed funeral firm
Safe Hands went into administration last year with thousands of people likely to lose money they set aside.
from BBC News - Business https://ift.tt/ndgwC...
Jewish parents told to delete social media apps
Some schools have suggested parents delete apps such as TikTok and Instagram due to the violent content circulating.
from BBC News - Business https://ift.tt/Khrub...
Next set to buy rival brand Fat Face in latest High Street buy
High Street chain Next is understood to be close to buying rival fashion chain Fat Face.
from BBC News - Business https://ift.tt/3LM1k...
Tuesday, October 10, 2023
Clubs promoting NFTs pose 'risk' to fans, MPs warn
A committee of MPs say artists and sport clubs' reputations are at risk if they promote NFTs.
from BBC News - Business https://ift.tt/zKGQ2...
Amazon staff in Coventry to strike on Black Friday in pay row
The union says action may involve more than 1,000 workers, a day after Amazon offers hourly pay rises.
from BBC News - Business https://ift.tt/sfrJK...
Sam Bankman-Fried to face ex-girlfriend Caroline Ellison in court
The testimony of his former partner, who was head of Alameda Research, has been much anticipated.
from BBC News - Business https://ift.tt/ZbnHV...
Irish budget: €100bn wealth fund to be set up by mid-2030s
Ireland's finance minister says the fund will be set up using the corporation tax windfall.
from BBC News - Business https://ift.tt/o5z2A...
Warm weather delays early Christmas food sales
The unusually mild weather has led to fewer people buying Christmas puddings and seasonal biscuits.
from BBC News - Business https://ift.tt/jmZxG...
Technology festival's sock that detect Alzheimer's signs
The socks, which can detect the early signs of the condition, are among innovations on show in Bristol.
from BBC News - Business https://ift.tt/Ivdm7...
IMF says UK faces five more years of high interest rates
The UK is expected to have the highest inflation of the US, France, Germany, Canada, Italy and Japan.
from BBC News - Business https://ift.tt/MZPjK...
Metro Bank has a limited future, claims co-founder
Anthony Thomson says the bank's strategy of continuing to focus on High Street branches is "flawed".
from BBC News - Business https://ift.tt/PYep9...
Monday, October 9, 2023
'I pawned my wedding rings for £200 to pay my bills'
The use of pawnbrokers went up by 25% in a year during the cost of living crisis, figures suggest.
from BBC News - Business https://ift.tt/EpVM9...
The hunt for a new way to tackle clothing waste
Scientists in the US are trying to find enzymes or bacteria that will decompose manmade fibres.
from BBC News - Business https://ift.tt/eDlw7...
Nobel economics prize awarded to Claudia Goldin for work on gender pay gap
American Claudia Goldin is only the third woman to receive the prestigious economics prize.
from BBC News - Business https://ift.tt/KawBm...
My landlord wanted to put the rent up 35% despite cap
Catherine Sheldon says she is now having to leave the property, with nowhere else to go that she can afford.
from BBC News - Business https://ift.tt/8ouPG...
Sunday, October 8, 2023
Oil prices rally on fear of Middle East supply disruptions
West Texas Intermediate and Brent crude prices jumped by 4% in Asian trading.
from BBC News - Business https://ift.tt/1hwL2...
Labour's Rachel Reeves to set out plan to recover Covid fraud billions
An anti-corruption commissioner would target £7.2bn lost to fraud, the shadow chancellor will say.
from BBC News - Business https://ift.tt/FXb7M...
Nevada lithium mine leads to 'green colonialism' accusations
The rush to mine lithium for car batteries is dividing environmental and native American communities.
from BBC News - Business https://ift.tt/7hOpM...
Saturday, October 7, 2023
Wilko: End of a fabulous ride for shop that sold it all
Workers and shoppers tell us what they'll miss about the brand as the final stores close.
from BBC News - Business https://ift.tt/efxEt...
Friday, October 6, 2023
Energy firms holding £8.1bn of customers' money
A father-of-three reveals that it took six weeks to have £800 refunded by his energy supplier.
from BBC News - Business https://ift.tt/CeI29...
US jobs growth much faster than expected
The number of jobs added to the US economy last month was almost double the amount forecast.
from BBC News - Business https://ift.tt/MdYyo...
What's going on at Metro Bank?
Bosses say there are no concerns about its finances after reports it was looking to raise millions.
from BBC News - Business https://ift.tt/XZo2l...
Evergrande: The rise and fall of the property giant's billionaire founder
Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.
from BBC News - Business https://ift.tt/tjELC...
How Ghana's central bank lost $5bn in one year
The country's economic crisis has sparked protests and led to calls for the bank's boss to resign.
from BBC News - Business https://ift.tt/FJbk9...
Thursday, October 5, 2023
Taylor Swift tour film tops $100m in advance ticket sales
The film of the Eras tour is due to be released in cinemas in more than 100 countries next Friday.
from BBC News - Business https://ift.tt/9tnZl...
HS2: Government 'misleading' people over Leamside line reopening
References to the restoration of a mothballed line are dropped 24 hours after its announcement.
from BBC News - Business https://ift.tt/5ao9F...
South East water firms have highest complaint rates - report
Southern Water is the most complained about provider in the country, with Thames Water second.
from BBC News - Business https://ift.tt/Rz92t...
Electric car sales to private buyers fall sharply
No incentives for consumers to buy electric has affected sales, but overall the car market is growing.
from BBC News - Business https://ift.tt/9pnaM...
Metro Bank shares plunge on reports of urgent fund raising
The bank's shares plunged 23% in early trading, after several newspapers reported it needed to raise £600m.
from BBC News - Business https://ift.tt/KPpfA...
Amazon and Microsoft to face cloud computing competition probe
The competition watchdog is investigating the tech giants' cloud computing dominance.
from BBC News - Business https://ift.tt/ocJPY...
Wednesday, October 4, 2023
Why a certificate to own a car in Singapore now costs $106,000
The city-state introduced a 10-year certificate of entitlement system in 1990 as an anti-congestion measure.
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Renting: Average home now has 25 tenants wanting to view
When a property goes up for rent there are typically 25 people competing for a viewing, Rightmove says.
from BBC News - Business https://ift.tt/Ebmwg...
HS2: Why Rishi Sunak's big gamble may not pay off
Rishi Sunak is taking an economic risk by spending money on everyday transport upgrades instead of a grand project.
from BBC News - Business https://ift.tt/w9qFe...
HS2 scaled back as Rishi Sunak makes new transport pledges
It comes after the section of the HS2 high-speed train line between Birmingham and Manchester was scrapped.
from BBC News - Business https://ift.tt/8NgIK...
MrBeast and BBC stars used in deepfake scam videos
Fraudsters have manipulated images of the popular YouTuber and two journalists to dupe viewers.
from BBC News - Business https://ift.tt/zbRYx...
Tuesday, October 3, 2023
US sanctions Chinese firms in crackdown on fentanyl supply chain
The move is part of efforts to target the supply chain of the drug amid the opioid crisis in the US.
from BBC News - Business https://ift.tt/xd07j...
Cost of national debt hits 20-year high
The interest rate on government debt has hit a 20-year high, leaving little room for tax-cuts.
from BBC News - Business https://ift.tt/MTIxu...
Sam Bankman-Fried: Trial of 'Crypto King' begins
The former crypto billionaire is accused of "one of the biggest financial frauds in US history".
from BBC News - Business https://ift.tt/CouOE...
Tube strikes: London Underground walkouts called off
The London Underground walkouts scheduled for 4 and 6 October will no longer go ahead.
from BBC News - Business https://ift.tt/AmgU7...
Boohoo slashes sales forecast as shoppers cut back
The fast fashion firm plans to make big cost savings after predicting a big fall in sales.
from BBC News - Business https://ift.tt/zlrvN...
TikTok testing out advert-free monthly subscription
The video sharing site is looking into charging a fee of around $4.99 to get rid of ads.
from BBC News - Business https://ift.tt/UNsBH...
Abercrombie & Fitch launches investigation into ex-CEO sexual misconduct claims
It comes after a BBC investigation reported allegations that Mike Jeffries exploited men for sex at events he hosted.
from BBC News - Business https://ift.tt/3kW20...
Easy life: Band says easyJet owner suing over name
Easy life says they are "certain" it has never affected the easyGroup's business.
from BBC News - Business https://ift.tt/poKat...
Monday, October 2, 2023
Evergrande: Shares in crisis-hit property giant jump in market return
The embattled Chinese property giant's shares were suspended from trading on Thursday.
from BBC News - Business https://ift.tt/GWa20...
Ukraine war: Burger King still open in Russia despite pledge to exit
The owner of the fast-food brand says there are "no new updates" on its pledge to leave Russia.
from BBC News - Business https://ift.tt/4unYS...
Food prices see first fall for two years as stores compete
Competition among supermarkets led to the first monthly drop in food prices since 2021, an industry body says.
from BBC News - Business https://ift.tt/sw5NE...
Oil cartel leader warns of prolonged high prices
The Secretary General says further investment in oil is needed to meet rising global energy demand.
from BBC News - Business https://ift.tt/TetZz...
Defiant Trump turns up at $250m New York fraud trial to blast 'scam'
The ex-president lambasts a case that could see him lose control of Trump Tower and other properties.
from BBC News - Business https://ift.tt/GNkPI...
The people going 'monk mode' to limit social media use
A growing number of individuals are using apps to block access to social media and the internet.
from BBC News - Business https://ift.tt/pYFCq...
House buyers look to adapt to higher mortgage rates
House prices fall but some young buyers are considering smaller homes and longer-term loans, surveys suggest.
from BBC News - Business https://ift.tt/tJPTS...
China Belt and Road: Indonesia opens Whoosh high-speed railway
The project under Belt and Road links the capital Jakarta with the economic hub of Bandung.
from BBC News - Business https://ift.tt/ANC2n...
Sunday, October 1, 2023
Jeremy Hunt to confirm national living wage to rise to £11 an hour
The move will affect two million of the lowest-paid workers, the chancellor will tell the Tory conference.
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Golden Week: China's economic woes fail to dampen holiday fever
But a sluggish economy forces young Chinese to travel cheaply for this year's holiday.
from BBC News - Business https://ift.tt/vLaDG...
Aukus: UK defence giant BAE Systems wins £3.95bn submarine contract
The deal will provide decades of work at BAE Systems' shipyard in Barrow-in-Furness, Cumbria.
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First class stamp price rises to £1.25
The price rise comes as Royal Mail seeks to cover higher delivery costs while letter numbers fall.
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Rishi Sunak refuses to commit to pre-election tax cuts
The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.
from BBC News - Business https://ift.tt/yZhgf...
HS2: Rishi Sunak refuses to commit to Manchester link
The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.
from BBC News - Business https://ift.tt/mW09Z...
Iceland boss quits Tories labelling party 'out of touch'
Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.
from BBC News - Business https://ift.tt/duHNf...
Saturday, September 30, 2023
Shoplifter: Police need to stop people like me
A persistent shoplifter says stealing is easy and that police could do more to stop people like her.
from BBC News - Business https://ift.tt/uicrx...
Ban on single-use plastic cutlery comes into force bin England
Polystyrene cups and balloon sticks are also banned in England as part of efforts to cut waste.
from BBC News - Business https://ift.tt/MBnPK...
Winter warning as new energy price cap comes in
The annual energy bill for a typical household falls on Sunday but is high by historical standards.
from BBC News - Business https://ift.tt/pyzTf...
Friday, September 29, 2023
The slow and delicate aircraft taking on spy missions
Light aircraft that can fly and loiter at very high altitudes could provide back-up for spy satellites.
from BBC News - Business https://ift.tt/GjNco...
Train strikes set to cause travel disruption
Aslef union members will walk out in a long-running dispute over pay and conditions.
from BBC News - Business https://ift.tt/m746b...
US car workers strike escalates as it enters third week
The United Auto Workers union said 7,000 more members would walk out.
from BBC News - Business https://ift.tt/GMnAz...
Severn Trent to 'spend billions' upgrading its network
The water supplier has said the overhaul will target leaks and spills while creating thousands of jobs.
from BBC News - Business https://ift.tt/AeMp7...
Energy bills forecast to rise in January to £1,996
Analysts at Cornwall Insight say higher wholesale energy prices will drive bills up by £73 a year.
from BBC News - Business https://ift.tt/Yd4Cj...
UK facing permanent higher taxes, IFS think tank says
A study says taxes will reach 37% of national income by next election - the highest since 1948.
from BBC News - Business https://ift.tt/o0ULH...
UK economy grew faster than estimated since Covid
New figures show the economy has grown by 1.8% since the start of the pandemic, outpacing France and Germany.
from BBC News - Business https://ift.tt/Q9Lfo...
Thursday, September 28, 2023
The self-driving trucks that are deliberately crashed
A maker of autonomous lorries is using AI software to prang computerised versions of the vehicles.
from BBC News - Business https://ift.tt/8ao69...
Fortnite maker Epic Games cutting 16% of workforce
The company says it is shedding the staff because it's spending "way more" than it earns
from BBC News - Business https://ift.tt/Vgdfa...
UAW strike: Why are US car workers walking out?
Nearly 13,000 workers for Ford, General Motors and Stellantis have gone on a historic, co-ordinated strike.
from BBC News - Business https://ift.tt/SIMCt...
Average five-year mortgage drops below 6%
The typical rate for a five-year mortgage has fallen to 5.99% after interest rates were held.
from BBC News - Business https://ift.tt/6ap53...
Rishi Sunak repeatedly dodges questions over future of HS2 rail
Speculation is mounting the government could delay or scrap the second leg of the line to Manchester.
from BBC News - Business https://ift.tt/EeDu3...
Wednesday, September 27, 2023
Evergrande: China property giant suspends shares amid reports of detained leaders
The stricken Chinese property giant suspends trading as reports emerge of its chairman being taken.
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Blackouts less likely this winter says National Grid
Supply is more secure this year suggesting less pressure on the network, the electricity system operator says.
from BBC News - Business https://ift.tt/nfTPF...
ChatGPT can now access up to date information
The chatbot's knowledge previously only included data up to September 2021, but not any more.
from BBC News - Business https://ift.tt/V3vAp...
Meta announces AI chatbots with 'personality'
At Meta's first in-person event since before the pandemic, Mark Zuckerberg announced his AI plans.
from BBC News - Business https://ift.tt/YlTcU...
Rosebank oil field: Will it mean cheaper energy bills?
Regulators have approved the development of a controversial oil field in the North Sea.
from BBC News - Business https://ift.tt/ujPQC...
H&M admits it needs to improve sizing consistency
The retailer admits sizing needs to be more consistent after its new returns fee sparks a backlash.
from BBC News - Business https://ift.tt/PwHmn...
Tuesday, September 26, 2023
Disinformation most active on X, formerly known as Twitter, EU says
A European Commission report says the network has the most disinformation of six large social networks.
from BBC News - Business https://ift.tt/NdzWn...
Two French supermarkets to sell fuel at cost price
Carrefour and E.Leclerc are holding down the price of petrol and diesel to help people cope with inflation.
from BBC News - Business https://ift.tt/Vd7L4...
Reddit to begin paying people for popular posts
The social media site will split revenue with contributors who are awarded "gold" by other users.
from BBC News - Business https://ift.tt/vf1JC...
Iceland boss retracts HIV needle staff attack claim
Richard Walker says sorry for alleging shop workers contracted HIV from assaults with infected needles.
from BBC News - Business https://ift.tt/CRjDN...
Galaxy chocolate bar size shrinks but price rises
Mars says making the bar smaller was "necessary" because of higher costs such as raw materials.
from BBC News - Business https://ift.tt/ZfBKc...
HS2: Scrapping Manchester link would be very stupid, says ex-rail chief
Former Strategic Rail Authority boss says cancelling the leg to Manchester would hurt other projects.
from BBC News - Business https://ift.tt/NmVnR...
Monday, September 25, 2023
Farmers turn to tech as bees struggle to pollinate
With bee populations struggling, mechanical pollination may be increasingly needed as a back-up.
from BBC News - Business https://ift.tt/1VSNa...
Train and Tube strikes: When is September and October action happening?
Train drivers are set to strike again, and London Underground staff are also taking action.
from BBC News - Business https://ift.tt/WxqM7...
Nissan to go all-electric by 2030 despite petrol ban delay
The carmaker moves ahead with its plan despite delays to the UK's ban on new petrol and diesel cars.
from BBC News - Business https://ift.tt/8w9Be...
HS2: What is the route and why could part of it be cancelled?
The high-speed railway between London, the Midlands and North of England could be scaled back.
from BBC News - Business https://ift.tt/IO2jq...
Sunday, September 24, 2023
Richest oil states should pay climate tax, says Gordon Brown
The former Labour PM wants the wealthiest oil producers to help poorer nations tackle climate change.
from BBC News - Business https://ift.tt/zHke4...
State-owned British Business Bank makes £147m annual loss
The bank says wider economic problems led to a drop in the valuation of businesses it has invested in.
from BBC News - Business https://ift.tt/8UgqA...
The shadowy Chinese firm that owns chunks of Cambodia
It secured a deal to control a fifth of Cambodia's coastline - 15 years on, it has barely got started.
from BBC News - Business https://ift.tt/4oSvQ...
NME: The high-end magazines making a vinyl-style comeback
The once-mass market UK music bible NME returns as a premium product with scarcity as a selling point.
from BBC News - Business https://ift.tt/X7vMU...
CBI: Scandal-hit organisation secures emergency funding
The business group has secured emergency funding from banks after a series of misconduct allegations.
from BBC News - Business https://ift.tt/LRF6v...
Locally controlled buses return to Greater Manchester after 37 years
Greater Manchester's mayor Andy Burnham hails the "coming-of-age moment" for English devolution.
from BBC News - Business https://ift.tt/wqHSx...
HS2: 'Crazy' not to review project due to soaring costs - Shapps
Grant Shapps cites Ukraine war costs and a spike in inflation as reasons to weigh up the rail project.
from BBC News - Business https://ift.tt/6BA0o...
Saturday, September 23, 2023
How to save money even when the budget is tight
The interest paid on savings is better than anything seen for years, so how can you save when bills are rising?
from BBC News - Business https://ift.tt/mQDWT...
Rishi Sunak scraps home energy efficiency taskforce
The group set up to drive home insulation and boiler upgrades is a casualty of the PM's green rethink.
from BBC News - Business https://ift.tt/AO9Bx...
Friday, September 22, 2023
MPs call for energy bill help to stave off winter crisis
Urgent action is needed to help households cope with higher bills, MPs say.
from BBC News - Business https://ift.tt/KolbE...
HS2: Johnson warns against 'mutilated' version of HS2
The former PM airs concerns as firms seek clarity over the government's commitment to the rail link.
from BBC News - Business https://ift.tt/paGVx...
Despite risks fish farms are booming in Africa
Farming fish has seen rapid growth in Africa but it can be an expensive, high-risk operation.
from BBC News - Business https://ift.tt/ZRyfk...
UAW strike expands to dozens of sites at GM and Stellantis
The UAW says new walkouts will hit 38 parts distribution centres across the US.
from BBC News - Business https://ift.tt/uMUPN...
Amazon Prime Video content to start including ads next year
Amazon says its Prime Video users will see ads on TV shows and movies unless they pay extra.
from BBC News - Business https://ift.tt/Ha3KA...
Hope for mortgage rate cuts after Bank of England decision
Brokers predict there could be falls in the cost of mortgages after a string of interest rate rises ends.
from BBC News - Business https://ift.tt/nzB9k...
Thursday, September 21, 2023
Chevron and unions agree to end Western Australia gas strikes
The dispute triggered volatile trading on energy markets over concerns it could hit global gas supplies.
from BBC News - Business https://ift.tt/vC9qD...
Warning cost-of-living payments fail to last
The UK's biggest food bank provider says the payments provide only temporary respite before demand returns.
from BBC News - Business https://ift.tt/S53K0...
Who is Rupert Murdoch?
Revered and feared, the tycoon has built a global media empire on four continents.
from BBC News - Business https://ift.tt/Kb7o1...
Rupert Murdoch steps down as Fox and News Corp chairman
The media mogul says he is stepping down as Fox and News Corp chairman, with son Lachlan to head both.
from BBC News - Business https://ift.tt/Eu7Cn...
Interest rates: How the Bank of England's decision affects you and your money
The Bank of England has held interest rates at 5.25%, bringing a run of 14 consecutive rises to an end.
from BBC News - Business https://ift.tt/iWqj3...
H&M says free to return online purchases in store
But shoppers who send items back to the firm's warehouse will still face a £1.99 charge.
from BBC News - Business https://ift.tt/L6cuJ...
Wednesday, September 20, 2023
Bankrupted Post Office Horizon victim demands answers after 17 years
An ongoing inquiry into the Horizon IT scandal examines the case of Lee Castleton.
from BBC News - Business https://ift.tt/TsDKA...
Less rentals homes due to energy policy uncertainty
Landlords say the uncertain directions of travel from the government is impacting investment choices
from BBC News - Business https://ift.tt/PCm5h...
Fed holds interest rates steady - for now
The US central bank signals it could raise its key interest rate again this year
from BBC News - Business https://ift.tt/lkr3i...
UK interest rate rise bets slashed after inflation fall
Interest rates were widely expected to rise to 5.5%, but half of investors now think they may not change.
from BBC News - Business https://ift.tt/D2yiT...
Parents in US offered refunds for Fortnite purchases
Parents in the US whose children made unintended in-game purchases will be offered $245m (£198m) in refunds.
from BBC News - Business https://ift.tt/NPDyI...
Warning petrol ban delay could stop people buying electric cars
Plans to push back the ban on new petrol and diesel cars could delay shift to electric, the SMMT says.
from BBC News - Business https://ift.tt/aX0K4...
Tuesday, September 19, 2023
Government row with Facebook over private messages
The government has launched a campaign criticising Meta for planned encryption of Facebook messages.
from BBC News - Business https://ift.tt/VfsaL...
UAW strike: Why are US car workers walking out?
Nearly 13,000 workers for Ford, General Motors and Stellantis have gone on an historic, co-ordinated strike.
from BBC News - Business https://ift.tt/NTviD...
Avanti West Coast and CrossCountry given new contracts
The rail operators have been awarded the long-term contract renewals by the Department for Transport.
from BBC News - Business https://ift.tt/z9SCK...
UK inflation set to be highest of advanced economies
Prices will rise faster in the UK than in any other G7 economy this year, a forecast suggests.
from BBC News - Business https://ift.tt/LP4wJ...
H&M starts charging shoppers for online returns
Customers must now pay £1.99 when they return items either in store or online, although members are exempt.
from BBC News - Business https://ift.tt/hP7G9...
Monday, September 18, 2023
Johnny Kitagawa: Japan firms cut ties with scandal-hit talent agency
Nissan and Asahi are among the companies that say they will not renew contracts with Johnny and Associates.
from BBC News - Business https://ift.tt/W8B9k...
Elon Musk: Social media platform X could go behind paywall
The billionaire suggested the social media platform, now called X, could charge for use of "the system".
from BBC News - Business https://ift.tt/qESCV...
New tax divides India's booming computer games sector
The Indian government's forthcoming tax on the industry doesn't apply to all types of games.
from BBC News - Business https://ift.tt/UL5rO...
IMF pledges to stay in 'our lane' on climate
The US, a major backer of the IMF, has been pushing to refine the mission of the global lender.
from BBC News - Business https://ift.tt/exZCA...
Post Office: Horizon scandal victims offered £600,000 compensation
The sum is for postmasters whose wrongful convictions for theft and false accounting have now been overturned.
from BBC News - Business https://ift.tt/Ps7X5...
Disability benefits cost could rocket, report says
The study says action needs to be taken to improve the health of people who are about to retire.
from BBC News - Business https://ift.tt/j5uGc...
Sunday, September 17, 2023
Brexit: Labour will seek re-write of deal, Starmer says
The agreement is due for review in 2025, which the Labour leader says is a key moment to reset relations.
from BBC News - Business https://ift.tt/wf1tT...
Liz Truss urges PM to cut taxes and benefit increases
The ex-PM will also use a speech to defend polices she tried to enact during her short time in office.
from BBC News - Business https://ift.tt/PGoJz...
China police detain staff at Evergrande wealth unit
Investors have been called on to report any cases of suspected fraud in the ongoing investigation.
from BBC News - Business https://ift.tt/GUz6V...
Ryanair and family locked in £165 check-in row
Damian Lloyd says his family had checked in for a flight in advance but Ryanair says they had "unchecked" themselves.
from BBC News - Business https://ift.tt/o35bV...
No final HS2 decision until revised costs known, say Labour
Shadow minister Pat McFadden says its policy on high speed rail will be set out in the party's manifesto.
from BBC News - Business https://ift.tt/GgYeB...
Shein in talks to buy Missguided from Mike Ashley's Frasers Group
Retail group Frasers is looking to sell the online clothing brand to the global fast fashion giant.
from BBC News - Business https://ift.tt/CqkZN...
Port Talbot: Tata Steel would have left UK without aid - Welsh secretary
A £500m UK government pledge saved Port Talbot's steelworks from closure, Welsh secretary says.
from BBC News - Business https://ift.tt/9iJzd...
UAW strike: Biden says striking car workers deserve 'fair share'
The president urges Ford, General Motors and Stellantis to "go further" to meet the union demands.
from BBC News - Business https://ift.tt/cL78Q...
First grain ships arrive in Ukraine using new route
Officials say the vessels will deliver 200,000 tonnes of wheat to world markets.
from BBC News - Business https://ift.tt/ZBmHC...
Friday, September 15, 2023
Marks & Spencer scraps plastic for paper bags
Marks & Spencer said the move should cut plastics use.
from BBC News - Business https://ift.tt/TECXx...
Gatwick: EasyJet boss criticises air traffic control over delays
Johan Lundgren's comments come after a shortage of air traffic controllers caused delays at Gatwick.
from BBC News - Business https://ift.tt/zqXpd...
TikTok fined €345m over children's data privacy
The complaint concerned how the social media app handled children's data in 2020.
from BBC News - Business https://ift.tt/iDcKt...
Port Talbot steelworkers await job news
Tata Steel's negotiations for funding for greener steel could cost Port Talbot up to 3,000 jobs.
from BBC News - Business https://ift.tt/kZxIf...
Thursday, September 14, 2023
AI and sound - helping firms build their own 'sonic identity'
Artificial intelligence is assisting companies in developing their own signature sounds.
from BBC News - Business https://ift.tt/J7XFa...
Chick-fil-A to try again in UK four years after LGBT backlash
The US fast food chain closed its initial store in 2019 following protests by campaigners.
from BBC News - Business https://ift.tt/2pnCx...
HS2: Government refuses to guarantee Manchester branch
The prime minister and chancellor are said to have concerns over spiralling costs and delays.
from BBC News - Business https://ift.tt/KYdWA...
Deloitte: Belfast jobs at risk as firm to make redundancies
Jobs will be lost in Belfast as the firm plans to cut 3% of its 27,000-person UK workforce.
from BBC News - Business https://ift.tt/Xe9ob...
France's Carrefour puts up 'shrinkflation' warning signs
Carrefour is telling its customers which products are smaller than they used to be.
from BBC News - Business https://ift.tt/0cHal...
French iPhone 12 warning: European regulators examine alert on radiation levels
European regulators assess possible health risks after France's decision to temporarily halt sales.
from BBC News - Business https://ift.tt/N8f3d...
Wednesday, September 13, 2023
Cash payments rise for first time in 10 years
Payments made with notes and coins rose as the cost of living started to bite, but debit card use was higher.
from BBC News - Business https://ift.tt/XRbLT...
Wilko brand set to be bought by The Range in £5m deal
The Range will own the Wilko brand and website and could choose to sell some of its products in its shops.
from BBC News - Business https://ift.tt/j5cez...
Patisserie Valerie: Four face fraud charges over collapse
The Serious Fraud Office said the collapse of the chain in 2019 led to "devastating" job losses.
from BBC News - Business https://ift.tt/6MBil...
US inflation pressures stubborn as fuel prices rise
The US inflation rate was 3.7% over the 12 months to August, up from 3.2% in July.
from BBC News - Business https://ift.tt/pwLXT...
Major jobs announcement kicks off investment conference
The 1,000 new jobs at professional services firm EY will be based in Belfast and in the north west.
from BBC News - Business https://ift.tt/sHxXv...
France halts iPhone 12 sales over radiation levels
Apple has been told it must recall every iPhone 12 sold in the country if it cannot fix the problem.
from BBC News - Business https://ift.tt/Ao7vB...
Tuesday, September 12, 2023
Triple lock: State pension could go up less than expected next year
The government is not saying which figure will be used to calculate a rise under the triple lock.
from BBC News - Business https://ift.tt/WJoEY...
Derby Alstom train factory jobs fear as orders dry up
Concerns are raised that thousands of jobs may be under threat at Alstom's Derby plant.
from BBC News - Business https://ift.tt/2ETuW...
MGM Resorts: Slot machines go down in cyber-attack on firm
Customers also report problems with payments and check-in as IT systems go down at MGM Resorts' hotels.
from BBC News - Business https://ift.tt/JB9Ne...
UK pub chain Stonegate Group to charge more at peak hours
Stonegate, which owns Slug & Lettuce and Yates's bars, will add about 20p to a pint during busy periods.
from BBC News - Business https://ift.tt/4ZHyS...
Pensions: Women get 35% less than men due to care responsibilities
Taking time off or working part-time means less money can be saved in pensions for retirement.
from BBC News - Business https://ift.tt/GBITw...
Triple lock means state pension set to rise by 8.5% in April
It will be the second significant rise in the state pension in two years, but could pull more into paying tax.
from BBC News - Business https://ift.tt/3t8qy...
Pay growth catches up with price rises
Regular pay rose by 7.8% in May to July compared with the same period last year, official figures show.
from BBC News - Business https://ift.tt/udHfB...
Monday, September 11, 2023
Twinkies maker Hostess bought by food giant Smucker for $5.6bn
Fruit preserves and peanut butter giant JM Smucker is buying the producer of Donettes and Ho Hos.
from BBC News - Business https://ift.tt/Nrvx8...
First Wilko store closures begin on Tuesday
Some 24 of the chain's shops will shut after it failed to find a buyer, with hundreds more to close.
from BBC News - Business https://ift.tt/4ujkb...
Google monopoly trial: Is the US losing the fight against Big Tech?
A landmark trial against Google will be a key test of whether the US can rein in the industry.
from BBC News - Business https://ift.tt/iDBHk...
Can new Apple iPhone 15 thunder without lightning?
Apple is set to unveil the iPhone 15 later on today without its traditional lightning cable charger.
from BBC News - Business https://ift.tt/UJp3v...
Stopping the scammers who target online jobseekers
Fraudsters are using fake job ads to try to get people to give them money or their personal data.
from BBC News - Business https://ift.tt/vUoNL...
Spotify denies 30-second trick could make you rich
The streaming giant quashes a theory that listening to a song on repeat will rake in the royalties.
from BBC News - Business https://ift.tt/MIG6e...
What went wrong at Wilko?
The beloved discount retailer was founded in 1930 but now all 400 stores are set to close within weeks.
from BBC News - Business https://ift.tt/pIi9H...
Wilko rescue deal fails sparking huge job loss fears
Canadian billionaire Doug Putman's rescue efforts were dashed by rising costs and a complicated deal.
from BBC News - Business https://ift.tt/1UCR5...
BMW investment secures future of Mini factories
BMW expected to invest £600m in preparing its Oxfordshire plant to build the next generation of electric cars.
from BBC News - Business https://ift.tt/cWFeZ...
Farmers 'struggling' to recruit harvest workers
Tessa Elliot says "potatoes aren't going to be on the table" if seasonal workers are not found.
from BBC News - Business https://ift.tt/LOeg9...
Sunday, September 10, 2023
UK government to be reported to UN over strike law by TUC
The Trade Union Congress says it will make the report because the law does not meet global standards.
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Urban oases combine roof gardens and solar panels
Combining solar panels and a roof garden is a tricky and costly engineering task.
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Saturday, September 9, 2023
Stopping the scammers who target online jobseekers
Fraudsters are using fake job ads to try to get people to give them money or their personal data.
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Friday, September 8, 2023
Heathrow and Gatwick airports have Raac on sites
Heathrow has means to keep it safe, while Gatwick has found no cause for concern.
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Roblox coming to PlayStation 4 and PS5
The popular children's gaming platform has more than 60 million players a day, according to the firm.
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State pension and triple lock: What is it worth and when do you get it?
Figures being published will be critical to setting the annual increase in the state pension.
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One Chip Challenge: Amazon and eBay pull spicy tortilla from UK shop
The novelty spicy tortilla has been recalled in the US after it was linked to the death of a teenager.
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Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
Faruk Fatih Ozer was found guilty of defrauding millions of dollars from investors in his collapsed Thodex platform.
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Offshore wind auction fails to attract any bids
There will be no new offshore wind projects after firms said the price for electricity was too low.
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Thursday, September 7, 2023
Apple shares slide after China government iPhone ban reports
The technology giant's stock market valuation has fallen by almost $200bn in the last two days.
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Fourth FTX executive Ryan Salame pleads guilty
The pleading comes ahead of the October trial of FTX founder Sam Bankman-Fried.
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How AI may be a powerful tool in treating male infertility
Fertility experts are now using artificial intelligence to help find sperm in medical samples.
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Vet prices: 'I spent £12,000 on my pug'
Pet owners reveal how much their vet bills set them back, as a review of the industry is launched.
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Ryanair boss Michael O'Leary hit with cream pies by climate protesters
Michael O'Leary declared the cream pies delicious after wiping himself down in Brussels.
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Wednesday, September 6, 2023
Heating on prescription trial suggests fewer NHS visits
A trial by a UK university suggests patients prescribed free heating were hospitalised less often.
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Bank of England boss says interest rates close to peak
Andrew Bailey tells ministers rates may be reaching a peak, but adds that they may still rise.
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Deezer and Universal to launch 'artist-centric' streaming model
The new streaming model will generate bigger royalties for artists that people choose to listen to.
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Students cut back on food as cost of living soars
Some had to skip meals, take on debt or dip into savings last year as costs soared, research shows.
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Wilko shops set to close next week named
Staff being made redundant were told of the news this morning, with shops closing next week.
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Tuesday, September 5, 2023
Long wave radio fans mourn fading frequencies
Now disappearing, long wave radio broadcasts once gave a taste of far flung countries and cultures.
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Saturday letter delivery rules could be relaxed
Ofcom is looking at how the Universal Service might need to evolve to meet customers' needs.
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One in 12 jobs to go at collapsed retailer Wilko
Administrators say more than 1,300 staff will be made redundant as hopes of a wider rescue deal fade.
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Arm Holdings: Chip giant hopes for market value of more than $50bn
The UK-based firm is courting investors as its listing in the US looks to be the biggest of the year.
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Champneys founder Dorothy Purdew dies aged 91
Born to a working class family, Ms Purdew launched one of the UK's most successful spa chains.
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TikTok opens Dublin data centre to ease China spying fears
There is concern over the video-sharing app's links with China and who accesses its users' data.
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Schools struggle over RAAC crumbling concrete measures
A governor tells the BBC her school is struggling to find engineers to provide remedial work.
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Wilko rival B&M saves up to 51 stores from closure
B&M has struck a deal to take on dozens of Wilko's 400 shops after it collapsed into administration.
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Monday, September 4, 2023
Are spending cuts to blame for the schools concrete crisis?
Capital spending on education has been squeezed since 2010 as money has been redirected to healthcare.
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New iPhone, new charger: Apple bends to EU rules
A European Union law will require portable devices to have a common charger by 2024.
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Barbie overtakes Super Mario Bros to be 2023's biggest box office hit
Margot Robbie's hit movie becomes the year's most successful film at box offices around the world.
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Airlines could face crackdown on hidden fees
Consumers should have accurate information upfront before making a purchase, the government says.
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Asda owners probed over action to curb price rises
MPs ask Asda's co-owner, Mohsin Issa, whether issues over its finances are preventing more being done.
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Country Garden: Property shares jump on debt reprieve
The Chinese developer reportedly secured an extension to a key debt payment deadline at the weekend.
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Sunday, September 3, 2023
Rail disruption: Train cancellations as high as 13% in 2023
One station, managed by TransPennine Express, has had 13% of its trains cancelled.
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Five ways to save money on your packed lunch
The lunchbox is back after the summer holidays so here are some top tips on making savings at lunchtime.
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Saturday, September 2, 2023
Tesco staff offered body cameras over crime fears
It follows similar moves by other retailers and daily incidents rising from 450 a day, up to 850.
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Friday, September 1, 2023
Will post-Brexit food checks ever happen?
The UK government this week delayed changes to arrangements for EU food imports for the fifth time.
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Mohamed Al Fayed: Former Harrods owner dies at 94
The high-profile Egyptian businessman lost his son Dodi in the car crash that killed Princess Diana.
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UK economy makes stronger recovery during Covid
Revised official figures reveal that the UK grew at the end of 2021 rather than shrinking.
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Octopus to buy Shell's household energy firm
About 1.4 million households will see their accounts switched to a new provider.
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X, formerly Twitter, to collect biometric and employment data
The social media firm, formerly Twitter, will gather facial information if premium users give consent.
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House prices see biggest yearly decline since 2009
Nationwide says higher borrowing costs have led to a slowdown in activity in the housing market.
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Thursday, August 31, 2023
Ukraine war: UK defence giant BAE Systems sets up local base
The firm says the move may allow it ultimately to produce light artillery inside Ukraine.
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Storm power cuts: Maximum compensation nearly triples to £2,000
The energy watchdog has hiked the amount households and businesses can receive from £700 to £2,000.
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Train strikes: When is the next action happening?
Members of the RMT rail workers' union and Aslef train drivers' union are set to strike again.
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Wednesday, August 30, 2023
How long until a robot is doing your chores?
Advances in AI are accelerating the development of humanoid robots.
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M&S returns to FTSE 100 on food and clothes boost
The retailer returned to the FTSE 100 index of Britain's biggest listed companies on Wednesday.
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Mark Thompson: CNN appoints former BBC director general as chief executive
The British executive must rebuild the US news network after a series of crises and falling ratings.
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Wilko: Warning warehouse staff face redundancy
Job cuts may resume on Thursday if the current bidder does not submit the necessary paperwork in time.
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Families worry over cancelled flight expense costs
Passengers are having to fork out for food, travel and accommodation, but are worried about costs.
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Brexit: EU-derived equal pay protections to be brought back
Women will keep the right to the same pay as men doing similar jobs in what Labour says is a government U-turn.
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Tuesday, August 29, 2023
Burger King faces lawsuit claiming Whopper too small
The fast food giant is accused of making the burger appear larger on menus than it actually is.
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Netflix: Streamers expansion into gaming is 'natural extension'
Streaming hits such as the Queen's Gambit are being adapted as games as the streamer looks to expand.
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Scams impersonating financial regulator double
The Financial Conduct Authority says reports of scammers impersonating it have doubled.
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Network Rail axes bonuses for staff who went on strike
Network Rail has withheld bonuses from union members who took part in strike action during a pay dispute.
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nsRyanair says air traffic failure is not acceptable
Airline boss Michael O'Leary asks why there was no back-up system after glitch causes travel chaos.
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Price rises in shops at lowest for nearly a year
The retail trade body, British Retail Consortium, says price rises are slowing but remain high.
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Monday, August 28, 2023
Toyota halts all Japan assembly plants due to glitch
The world's largest car maker is investigating a system fault but says a cyber attack is unlikely.
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Why empty lorries are a problem and how to fix it
With one third of lorries in the UK driving empty, some hauliers are turning to technology for help.
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What are my rights if my flight is cancelled or delayed?
Technical glitches may cause disruption at airports but passengers do have rights.
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Air traffic control: Airlines warn of flight delays over technical fault
Many Bank Holiday passengers face disruption as they travel on one of the busiest travel days of the year.
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How robotaxis are dividing San Francisco
The city has become the crucible of an experiment - are robotaxis ready for the streets?
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Help to buy homes from 'Bank of Family' rises
The so-called Bank of Mum and Dad has grown, with more than 300,000 home purchases set for 2023.
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Sunday, August 27, 2023
Morley's: The family-run chicken shop with cult status
Founded in 1985, Morley's has featured in music videos and counts the likes of Stormzy as loyal customers.
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Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%
The heavily-indebted firm's shares had been suspended from trading in Hong Kong since March last year.
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Labour rules out wealth tax if party wins next election
Shadow chancellor Rachel Reeves says extra money for public services must come from economic growth.
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Wilko: New bid emerges for stricken retail chain
A private equity firm makes a £90m bid for the business and pledges to retain all jobs for two years.
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The elusive man at the top of the OnlyFans empire
Leonid Radvinsky, a 41-year-old entrepreneur based in Florida, owns all the shares of the company.
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