How criminals seemingly working for North Korea were able to plunder cashpoints in 28 countries.
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Friday, March 31, 2023
Council tax, water and mobile bills rise for millions
A range of bills - from council tax to water - are going up, but the lowest earners also get a pay rise.
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Large ethnicity gap in real living wage, report finds
Almost a third of Pakistani or Bangladeshi workers in London are on low pay, a new report finds.
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Rival energy firms lose court case over Bulb sale
High Court judges dismiss a case against Octopus Energy's purchase of failed supplier Bulb.
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Past health risks from contaminated meat, says watchdog
The Food Standards Agency says it is possible buyers were at risk as it investigates mislabelling of products.
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Amazon workers in Coventry announce six more strike dates
Union members in Coventry say they will take action on six dates in April in a continuing pay row.
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Google faces new multi-billion advertising lawsuit
The case seeks £3.4bn in compensation for publishers from the search giant.
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Thursday, March 30, 2023
Heathrow strikes to go ahead for 10 days over Easter break
Last-ditch talks between Heathrow Airport and the Unite union representing security guards break down.
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Spice sales boom as home cooks get more adventurous
The global spices sector is thriving as the pandemic is said to have made people try more recipes.
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UK set to join Asia's trade club - what is the CPTPP?
It may sound like an official has leant on their keyboard - but it's an acronym we'll hear more often.
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Warning UK car industry under threat without help
An industry veteran says the UK needs to follow the US and EU in helping with the shift to electric cars.
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Premier League clubs avoided £250m in tax, expert estimate
It follows analysis of football agents being paid to represent both players and clubs in transfers.
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London Stansted Airport: The race against time to resurface a runway
Engineers are halfway through a five-month project to lay about 65,000 tonnes of asphalt.
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Wednesday, March 29, 2023
Dermalogica founder shares her business advice
Jane Wurwand, who co-founded the skincare brand Dermalogica, shares her advice for our CEO Secrets series.
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Starbucks' Howard Schultz denies union busting
Democrats called the denials by former Starbucks chief Howard Schultz "not ...believable".
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Renting: 'We were kicked out because we complained'
Renters tell the BBC how they have been evicted for complaining about the state of their homes.
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Mortgage lending hits lowest since 2016 excluding pandemic
Borrowing falls sharply as rates rise but more mortgage applications are approved, says Bank of England
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Tuesday, March 28, 2023
The tech helping driverless cars see round corners
A trial in London used existing street cameras to help an autonomous car navigate city streets.
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AI could replace equivalent of 300 million jobs - report
ChatGPT-style AI will have a large impact but new jobs could emerge, a Goldman Sachs report says.
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Retailer Next buys Cath Kidston in £8.5m deal
The deal does not include its four shops, and administrators warn there will be redundancies.
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Gary Lineker wins appeal over £4.9m tax bill
The sports presenter's dispute with HMRC centred on whether he was a freelancer or an employee.
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Royal Mail talks over pay on brink of collapse
A source says continuing strike action could mean Royal Mail is put into administration.
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Bank of England on heightened alert for further banking risks
Bank of England says it remains vigilant after US bank collapses spark fears over financial stability.
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Monday, March 27, 2023
Civil servants to strike in April
The PCS union said 130,000 members voted to strike on 28 April in a continued row over pay, pensions and job security.
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Binance accused of breaking US financial laws
The move comes as US regulators ramp up their regulation of the cryptocurrency industry.
from BBC News - Business https://ift.tt/r4EYp...
Heathrow strike forces BA Easter flight cancellations
The move is due to a planned 10-day strike by some Heathrow security workers in the Unite union.
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Outrage at public contract for firm behind P&O sackings
It comes after DP World is chosen to run a new freeport, despite having sacked 800 workers without notice last year.
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British Gas,Scottish Power and Ovo dominate forced installations
British Gas, Scottish Power and Ovo Energy made up 70% of all forced installations last year, the government says.
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Jack Ma: Alibaba founder seen in China after long absence
The 58-year-old reportedly visited a school that he founded in his hometown of Hangzhou.
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Silicon Valley Bank: Collapsed US lender bought by rival
The collapsed lender was seized by US regulators after a run on the bank.
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Sunday, March 26, 2023
Elon Musk: Twitter says parts of source code leaked online
Elon Musk has also reportedly indicated Twitter is now worth less than half the amount he paid for it.
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Cost of living: What are your rights as a tenant when you're renting?
With one in five people now renting in the UK, it's important to understand your rights as a tenant.
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John Lewis: Ex-boss says changing ownership model would be a tragedy
Andy Street says the department store chain should not change its staff ownership structure.
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Ovo launches energy deal below government price cap
The supplier launches 12-month tariff of £2,275, as falling gas prices finally start feeding through to bills.
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Cardiff: Howells, the store known for its window displays, food halls and ghosts
As the department store closes its doors, people share their memories of working there.
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Saturday, March 25, 2023
Energy firms call for windfall tax to fall with prices
It comes ahead of a package of measures on energy security, which the BBC understands will be announced on Thursday.
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Cost of living: Women feel trust was 'violated' on housing app
Women feel they are being forced to risk their safety when house hunting due to financial pressures.
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Friday, March 24, 2023
John Lewis: Mary Portas warns retailer it has 'let go' of its soul
In an open letter the retail consultant says the store is "part of our collective cultural identity".
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Pharmaceutical firm proposes Newbie plant closure
The company says about 65 jobs are at risk at the facility in Newbie near Annan in southern Scotland.
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Firms hit back at Bank governor in prices row
Wetherspoon boss Tim Martin says bank managers are "breathing down the neck" of business owners.
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Bank warns interest rates will rise again if firms hike prices
The Bank of England boss urges firms to avoid price rises that fuel inflation and hurt the least well off.
from BBC News - Business https://ift.tt/JweyV...
Thursday, March 23, 2023
TikTok CEO Shou Zi Chew's Congress showdown: Five key moments
Tech executives don't get an easy ride before Congress, but Shou Zi Chew's hearing was exceptionally bruising.
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Average Treasury worker 34 despite over-50s back to work push
Over-50s are being urged to work but just 10% of Treasury staff are that age, the BBC has learned.
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Do Kwon: Fugitive crypto mogul believed caught in Montenegro
Police believe they have arrested Do Kwon, the crypto boss accused of a multibillion-dollar fraud.
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Jack Dorsey business target of Hindenburg report
Jack Dorsey's Block sees shares drop after famed short-seller Hindenburg levels claims.
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Loans firm Amigo to halt lending and wind down
The struggling high-cost firm has immediately halted all lending after failing to secure cash from investors.
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Wednesday, March 22, 2023
Shou Zi Chew: Who is the TikTok CEO?
The 40-year-old is facing questioning from US lawmakers amid growing suspicion of the Chinese app.
from BBC News - Business https://www.bbc.co.uk/news/world-asia-65022596?at_medium=RSS&at_campaign=KARAN...
Third of flights delayed in 2022
Fewer UK flights were on time last year than before the pandemic, says aviation regulator.
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US raises interest rates despite banking turmoil
The Federal Reserve moves borrowing costs higher as it focuses on efforts to stabilise prices.
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Amazon increases starting pay for UK workers again
The online giant follows other firms in raising pay amid a labour shortage and strikes across the UK.
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Does the UK have an inflation problem?
February's shock rise in inflation figure means the UK now has the highest rate among major economies.
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British Gas boss to take bonuses worth £3.7m
Chris O'Shea will take a bonus after parent company Centrica saw its profits triple.
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Tuesday, March 21, 2023
Bill Gates: AI is most important tech advance in decades
The former Microsoft boss says AI is the second revolutionary technology he's seen in his lifetime.
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Stocks rebound as US and UK seek to calm investors
Markets higher after UK and US again seek to calm investor fears over banks' stability.
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The US interest rate decision the world is watching
Can the Federal Reserve continue to raise interest rates in the middle of a banking panic?
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Just Eat: Takeaway firm to cut 1,900 jobs in UK
The delivery giant is restructuring its business after a slowdown in takeaway sales.
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Great British Railways: Derby chosen as location for new rail HQ
The new body will procure passenger services and set most fares and timetables.
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Tesco to cut the value of Clubcard rewards scheme
The supermarket says vouchers will be worth a third less from 14 June.
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Monday, March 20, 2023
Businessman blames minister for Kinloch Castle sale collapse
Millionaire Jeremy Hosking has withdrawn his plan to buy Isle of Rum's state-owned Kinloch Castle.
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Amazon to cut another 9,000 jobs
The online retail giant said the positions would be closed "in the next few weeks".
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RMT members at Network Rail vote to accept pay deal
Rail workers have voted on a revised pay offer, ending walkouts for some RMT strikers.
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Bank shares volatile after Credit Suisse takeover
Shares in European banks regain ground but are still under pressure amid fears of a wider banking crisis.
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Avanti West Coast contract extended by six months
Avanti West Coast, which was criticised over reliability, has made improvements, the government says.
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UK wages failing to keep up with costs - Resolution Foundation
Fifteen years of stalling wage growth has left British workers worse off, new analysis suggests.
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Sunday, March 19, 2023
Central banks to boost flow of US dollars amid market unease
Six central banks move to keep credit flowing worldwide after two big institutions collapsed.
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UBS agrees to rescue troubled bank Credit Suisse
Swiss banking giant UBS agrees emergency rescue deal for rival Credit Suisse in government-brokered takeover
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William Hill: Gambling addict says bookmaker didn't help him stop
A teacher says William Hill should have done more to stop him betting when he was staking thousands.
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Saturday, March 18, 2023
Credit Suisse bank: UBS said to be in takeover talks with troubled rival
Emergency talks are reported in Zurich as regulators seek a deal for Credit Suisse before Monday.
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Friday, March 17, 2023
Disruption for train passengers as rail strikes continue
RMT members at 14 train operators are walking out, leaving some areas of the UK with no services.
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Fraud victim gets surprise £153,000 refund despite rules
A victim who was targeted and groomed by criminals, was helped by Radio 4's Money Box programme.
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Covid tests for China travellers to England to end
The government says the voluntary testing of people flying into England will no longer be required.
from BBC News - Business https://ift.tt/gUxv0...
Ann Summers boss Jacqueline Gold dies aged 62
Ms Gold is credited with transforming the company into a multi-million pound business.
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Aldi raises pay as businesses battle for staff
The supermarket group has raised its national hourly wage to £11.40 and £12.85 for Greater London.
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Passport office workers to strike for five weeks over pay dispute
The strike action will have a "significant impact" on deliveries of passports as summer approaches.
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Thursday, March 16, 2023
Passport office workers to strike for five weeks over pay dispute
The strike action will have a "significant impact" on deliveries of passports as summer approaches.
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What China’s baby woes mean for its economic ambitions
The country's ageing population and shrinking workforce are a threat to its economic growth.
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Ryan Reynolds' Mint Mobile sale to T-Mobile earns actor over $300m
He is forecast to earn $300m from a telecom sale, cementing his status as a Hollywood business icon.
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Wednesday, March 15, 2023
Builders added to UK skills shortage list
Construction workers are added to list but hospitality sector not included in government review.
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Cigarette prices rise but draught beer duty is frozen
Duty for draught pints is frozen but the average price of a pack of 20 cigarettes rises to £14.39.
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Childcare, energy, pints: Three ways the Budget could affect you
The BBC's Vishala Sri-Pathma breaks down how the government's spending plans might impact your pocket.
from BBC News - Business https://ift.tt/SXwea...
Corporation tax: Jeremy Hunt confirms rise to 25% from April
The chancellor confirms corporation tax will go up but opposition is expected from some Tory MPs.
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Will free childcare plan really work?
There are concerns plans to expand free childcare may not be deliverable.
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Stock markets hit again by banking worries
Shares in European banks fall as investors remain nervous after the collapse of Silicon Valley Bank.
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Tuesday, March 14, 2023
SVB: Banking stocks remain under pressure
Fears remain over the fallout from the demise of the US bank and the future of interest rate rises.
from BBC News - Business https://ift.tt/AlqgR...
Budget 2023: Why more parents face losing child benefit
Thresholds being left unchanged for at least 10 years means many more people are being affected by government policies.
from BBC News - Business https://ift.tt/g549i...
Monday, March 13, 2023
US court rules Uber and Lyft workers are contractors
Labour groups had opposed contractor status, saying it robbed them of rights like sick leave.
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Has social media killed the famous advert?
Advertising veteran Sir John Hegarty explains why it is hard to make hit adverts in a digital world.
from BBC News - Business https://ift.tt/obJQi...
Shark Tank India: How a start-up in Kashmir is inspiring thousands
FastBeetle's success on Shark Tank India is motivating youngsters in the region to dream big.
from BBC News - Business https://ift.tt/x3vYK...
Vinyl records outsell CDs for first time in decades
Streaming may be king, but fans of physical albums are weighing in with record sales growth
from BBC News - Business https://ift.tt/HfiDm...
Silicon Valley Bank: Shares fall as fears persist about failed US bank
Stock markets drop despite efforts to limit the fallout from Silicon Valley Bank's collapse.
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Masatoshi Ito, billionaire who made 7-Eleven a global giant, dies at 98
Masatoshi Iso's company brought 7-Eleven to Japan - where a quarter of stores are now located.
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Inflation: Alcopops out and frozen berries in of cost of living measure
Healthier shopping habits are reflected in the basket of goods used to calculate rising prices.
from BBC News - Business https://ift.tt/xm0rT...
Sunday, March 12, 2023
UK firms await government help after US bank collapse
The government is expected to announce support for companies after Silicon Valley Bank went bust.
from BBC News - Business https://ift.tt/rYVCq...
TikTok users shrug at China fears: 'It's hard to care'
Political outcry about TikTok national security risks has made little dent among users.
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Silicon Valley Bank: Money in failed US bank is safe - US government
Depositors with Silicon Valley Bank can access all their money from Monday, US officials say.
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Silicon Valley Bank: Offer made for UK arm of failed US lender
It comes as the government and Bank of England scramble to protect customers after Silicon Valley Bank collapsed.
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Strikes Update: How Monday 13 March junior doctors' strike will affect you
What you need to know about the junior doctors' strike by the BBC's Zoe Conway.
from BBC News - Business https://ift.tt/9Z1ra...
Spring Budget: Prepayment energy meter bills to be cut by £45
The government is set to reduce prepayment energy bills for more than four million households.
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Aramco: Saudi state-owned oil giant sees record profit of $161bn
After a year when petrol prices soared, the Saudi firm announces a best-ever set of figures.
from BBC News - Business https://ift.tt/H6jxB...
UK to help tech firms after Silicon Valley Bank collapse
Tech firms caught up in bank collapse will have cashflow needs met, the government says.
from BBC News - Business https://ift.tt/8rADE...
Saturday, March 11, 2023
Budget 2023: Universal credit claimants to get more childcare cost help
The announcement in next week's Budget is part of government plans to encourage people back to work.
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Friday, March 10, 2023
Booths is retailer embroiled in fake British beef case
Products were labelled as British, when they were sourced from South America and Europe instead.
from BBC News - Business https://ift.tt/j8n9i...
Tesco to charge suppliers extra to sell online
The supermarket says a new "fulfilment fee" is needed to cover costs of selling to more online customers.
from BBC News - Business https://ift.tt/1Rmt2...
Silicon Valley Bank: Trading halted for firm behind global share slump
Silicon Valley Bank's scramble to raise money has sparked industry panic.
from BBC News - Business https://ift.tt/SNaGK...
US jobs growth remains strong despite rate rises
Employers added 311,000 jobs in February, latest figures show, more than expected.
from BBC News - Business https://ift.tt/QbF9N...
Energy bills: Prepayment meter experiences sought in review
Accounts submitted via a Citizens Advice website should be "candid and frank", the energy regulator says.
from BBC News - Business https://ift.tt/lM2jE...
Thursday, March 9, 2023
Boots loyalty points value reduced
Customers will receive 3 pence worth of loyalty points for every £1 spent, down from 4 pence.
from BBC News - Business https://ift.tt/xc5eS...
Ex-Goldman Sachs Malaysia boss gets 10 years for 1MDB scheme
The bank's ex-Malaysia head was found guilty last year in one of the world's biggest financial scandals.
from BBC News - Business https://ift.tt/SADys...
Food fraud probe into beef falsely labelled as British
A supplier is under investigation after pre-packed meat was found to be from South America and Europe.
from BBC News - Business https://ift.tt/1WOHU...
Extended life for two UK nuclear power stations
Heysham 1 and Hartlepool had been due to close in March next year, but will now stay open until early 2026.
from BBC News - Business https://ift.tt/gfi7d...
BMW invests in Oxford plant as plans more electric Minis
The firm is set to invest up to £600m to prepare the plant for a future building electric models.
from BBC News - Business https://ift.tt/YFoRq...
HS2 construction to be delayed in bid to cut costs
The BBC understands the government will delay building certain sections of the high-speed rail line.
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Wednesday, March 8, 2023
Childcare: Full-time nursery for under-twos nearly £15k a year, says report
Costs rise by 5.9% in a year in Great Britain while availability drops, a report finds.
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US-China chip war: Netherlands moves to restrict some exports
The measures will affect Dutch firm ASML, which is a key part of the global microchip supply chain.
from BBC News - Business https://ift.tt/7VE0A...
Cost of living: What do I do if I can't afford to pay my debts?
What help and options are available to people struggling with debt repayments?
from BBC News - Business https://ift.tt/B8UFw...
Bao Fan: Why do Chinese billionaires keep vanishing?
The mystery over the latest missing business leader comes as Xi Jinping tightens his grip on China.
from BBC News - Business https://ift.tt/qx6jn...
Adidas may sell Yeezy trainers and donate proceeds
Adidas is mulling what to do with Yeezy products after ending its deal with Kanye West, known as Ye.
from BBC News - Business https://ift.tt/VRjAz...
Frankie and Benny's owner to close 35 more restaurants
The firm, which also owns Chiquito, says it is closing sites due to rising costs.
from BBC News - Business https://ift.tt/IFlSe...
Tuesday, March 7, 2023
US interest rates could go higher than expected
US stock markets fell following the remarks, which come ahead of another rate announcement.
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State pension: Deadline extended for National Insurance top-ups
People now have until the end of July to plug gaps in their National Insurance record from 2006 to 2016.
from BBC News - Business https://ift.tt/flOMP...
Emergency coal power plants used for first time as UK sees cold snap
Two coal-fired power stations have begun making electricity again to keep up with demand during the cold weather.
from BBC News - Business https://ift.tt/zxYy9...
Greggs to open 150 shops and extend opening hours
The move comes after the bakery chain posted bumper sales for last year, but also put up prices.
from BBC News - Business https://ift.tt/XSzYG...
Struggling renters must move further out of London, says Foxtons boss
The boss of London's biggest estate agency says a lack of available properties is driving people further out.
from BBC News - Business https://ift.tt/X29NE...
Monday, March 6, 2023
Australia: Crop exports set for record high after heavy rains
Officials expect exports of crops including wheat to hit a record $75bn this financial year.
from BBC News - Business https://ift.tt/e4U7v...
TransPennine Express and Avanti West Coast criticised by leaders
Political leaders are meeting in Newcastle to discuss ongoing issues with trains in the North.
from BBC News - Business https://ift.tt/VrWGq...
Talks to avoid more rail strikes on brink of failure
Union members and rail bosses are negotiating ahead of more strikes on Thursday.
from BBC News - Business https://ift.tt/B935Q...
CBI boss Tony Danker steps down after misconduct allegations
Tony Danker, the boss of the UK's biggest business group, has stepped down after allegations of misconduct.
from BBC News - Business https://ift.tt/7mVfL...
Starbucks to open 100 new UK stores this year
The coffee giant's new investment comes after 2022 sales surpassed pre-pandemic levels.
from BBC News - Business https://ift.tt/9muYp...
Cost of living: 'I skip university lectures to do paid work instead'
Heidi is one of many students who say the rising cost of living is affecting their studies.
from BBC News - Business https://ift.tt/GgIDv...
Sunday, March 5, 2023
Foxconn: iPhone maker sees revenue slump as demand weakens
Foxconn said its sales fell by more than 11% in February, compared to the same month in 2022.
from BBC News - Business https://ift.tt/TNa7C...
Twitter can’t protect you from trolls any more, insiders say
Current and former employees of the company say there are serious ramifications from mass lay-offs.
from BBC News - Business https://ift.tt/RoIxl...
Toblerone: Swiss rules mean chocolate bar to drop Matterhorn from packaging
Production of some of the chocolate is moving outside Switzerland so the Alpine peak can no longer be used.
from BBC News - Business https://ift.tt/a20Jn...
Ambulance strikes: Unite union suspends action in England
The Unite union suspends strikes in England to enter pay talks, following the Unison and GMB unions.
from BBC News - Business https://ift.tt/IntPV...
Scottish bakery Morton's Rolls 'ceases trading'
Companies House said it could strike off the bakery after it missed a deadline to file accounts.
from BBC News - Business https://ift.tt/hKH4Y...
Food shortages due to 'supermarket culture', says Leon co-founder
Henry Dimbleby, co-founder of Leon, says UK vegetable shortages are a result of "market failure".
from BBC News - Business https://ift.tt/d2KYA...
Five ways to save money on train tickets
As rail fares increase, we find the ways passengers can keep journeys as cheap as possible.
from BBC News - Business https://ift.tt/qbLfS...
Saturday, March 4, 2023
King's Coronation: Pubs to stay open longer in England and Wales
People in England and Wales will get served for an extra two hours to mark King Charles III's coronation.
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Friday, March 3, 2023
Budget 2023: What is it and when will it happen?
The government will reveal how much of our money it will take in taxes and what it will spend it on.
from BBC News - Business https://ift.tt/HGZqv...
Zoom boss Greg Tomb fired ‘without cause’
The video conferencing company abruptly terminates its president's contract.
from BBC News - Business https://ift.tt/fI8lz...
Money Diary: 'My DJ gigs bring in £3,000 a month'
Aaron, a 33-year-old DJ from east London, shares his weekly spending diary.
from BBC News - Business https://ift.tt/L0jFl...
Thursday, March 2, 2023
Adani Group: Embattled Indian giant strikes $1.87bn US deal
The investment will be split among four Adani companies including flagship business Adani Enterprises.
from BBC News - Business https://ift.tt/2QzNB...
Tomato shortage: How far is Brexit to blame?
Many people have claimed Brexit is to blame for the UK tomato shortage - what is the evidence?
from BBC News - Business https://ift.tt/jXcAV...
Ros Atkins on... The creeping TikTok bans
The app has been banned from employee phones by various governments amid security concerns.
from BBC News - Business https://ift.tt/7dVYa...
Seed sales jump as fruit and veg shortage continues
The Royal Horticultural Society says demand has risen as shops limit sales of some fresh produce.
from BBC News - Business https://ift.tt/Torfq...
Building giant CRH chooses US over London in blow to UK
CRH says it is considering moving its main share listing in a further blow to the UK stock market.
from BBC News - Business https://ift.tt/VwUO4...
Gautam Adani: India court sets up panel to probe Adani fraud allegations
The court has appointed a five-member panel to probe fraud allegations against the Adani Group.
from BBC News - Business https://ift.tt/0sZRH...
Wednesday, March 1, 2023
Starbucks illegally fired US workers over union, judge rules
The coffee chain was ordered to rehire the ex-workers and compensate others who were affected.
from BBC News - Business https://ift.tt/e801n...
Whiskey fungus lawsuit forces Jack Daniels to halt building project
A Tennessee woman says that whiskey fungus from a warehouse is wreaking havoc on her property.
from BBC News - Business https://ift.tt/F0TGX...
Drugs giant Eli Lilly caps monthly insulin costs in US at $35
The cap on the diabetes medication by the drugs giant could bring cost relief to many Americans.
from BBC News - Business https://ift.tt/jIDWk...
Bank of England boss says UK interest rates may rise further
Andrew Bailey warns doing too little on interest rates now could mean doing more later on.
from BBC News - Business https://ift.tt/4pQEN...
BA-owner and EasyJet hold millions of unclaimed travel vouchers
BA owner IAG and EasyJet issued the vouchers instead of cash when flights were cancelled in the pandemic.
from BBC News - Business https://ift.tt/RGeks...
Court bid to protect against ‘ghost landlords’ fails
Property owners welcome ruling that defines who a landlord is, but campaigners say it lets down tenants.
from BBC News - Business https://ift.tt/tYenD...
