Sackler family can be shielded from opioid lawsuits, court rules

The wealthy owners of Purdue Pharma will be protected in exchange for a multi-billion dollar settlement.

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Air New Zealand weighing passengers before flying

The airline says it is required to know the average weight of everything on board to improve fuel efficiency.

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CBI president in early exit as lobby giant fights to survive

Brian McBride is to step down earlier than planned after the body was rocked by allegations of misconduct.

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ArrDee: Alcohol adverts featuring rapper banned by watchdog

The regulator said the advert for Litty Liqour was "likely to encourage excessive consumption of alcohol".

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Disruption as fresh wave of train strikes begins

Train drivers will walk out on Wednesday, with further strikes planned for Friday and Saturday.

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Elon Musk: Tesla boss on first China trip in over three years

The multi-billionaire has not yet publicly commented on the visit, which comes amid US-China tensions.

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Nvidia hits $1tn valuation as investors buy AI buzz

Investors excited about the possibilities for artificial intelligence have sent the US chipmaker's value soaring.

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Train strikes: How drivers' walkout on Wednesday will affect you

What you need to know about the walkout by Aslef train drivers, by the BBC's Zoe Conway.

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Asda buys petrol station group EG for £2.3bn

The deal combines two businesses that are both already owned by the billionaire Issa brothers.

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Foxconn: iPhone maker hikes pay ahead of new model launch

Foxconn's move comes ahead of the expected launch of Apple's iPhone 15 later this year.

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Amazon to offer parents term-time-only working

The online giant is offering a flexible contract but the GMB union says workers want higher pay.

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Elizabeth Holmes is going to prison. Will she ever pay victims too?

Experts say victims often never get their money back from those who defrauded them.

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Supermarket price rises hit new high in May

Fresh produce prices are lower but coffee and chocolate as well as non-food items lift inflation.

from BBC News - Business https://ift.tt/basRu41

Capita hack: 90 organisations report data breaches to watchdog

The privacy watchdog is urging groups using the outsourcing giant to check if data has been exposed.

from BBC News - Business https://ift.tt/wPxN7MT

FTX: Singapore state fund Temasek cuts pay after failed investment

Last year, Temasek Holdings wrote off all of the $275m (£222.8m) it had invested in FTX.

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Mars bar plastic wrapper swapped for paper

Mars trials environmentally friendly paper wrappers for some of its chocolate bars.

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How prosperity fuels dowry demand in India

Researchers studied 74,000 marriages that took place in India between 1930 and 1999.

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Who is Linda Yaccarino, Twitter's 'superwoman'?

Can new chief executive Linda Yaccarino fix Twitter?

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Plans for supermarket price cap on basic food

Prices on products like bread, milk and sugar could be capped under a voluntary scheme.

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Twitter pulls out of voluntary EU disinformation code

"You can run but you can't hide," commissioner Thierry Breton warns Twitter over upcoming rules.

from BBC News - Business https://ift.tt/7adwUM4

JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties

Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship.

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

Post Office used racist terms for sub-postmasters in official guidance

A document shows racist language was used to describe sub-postmasters being wrongly investigated.

from BBC News - Business https://ift.tt/w2xRrsI

Nvidia: The chip maker that became an AI superpower

Innovation and good timing combined to make California's Nvidia the dominant firm for AI computer chips.

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Cadbury Flake too crumbly for 99s, say ice cream sellers

Cadbury Flake makers' Mondelēz International say action is being taken to address the crumbly issue.

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ChatGPT-maker U-turns on threat to leave EU over AI law

OpenAI's Sam Altman previously said if it fails to comply with the forthcoming AI Act, it might exit the EU.

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US Congress closing in on debt ceiling deal - reports

Negotiators are said to be nearing a possible deal, US media reports, ahead of a holiday weekend.

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Neuralink: Elon Musk's brain chip firm says US approval won for human study

The billionaire's Neuralink implant company wants to help restore people's vision and mobility.

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Nationwide building society to raise mortgage rates

Britain's biggest building society says it is putting up rates due to the current economic climate.

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British Airways cancels 40 flights due to another IT issue

The carrier says it is trying to resolve "technical issues” that have affected flights at Heathrow.

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Pets at Home chain plans to open 40 new stores

The chain said the rise in home working was inspiring more people to buy pets.

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Firstsource: Job loss fears in Belfast and Londonderry

Firstsource has initiated a redundancy process due to the 'changing priorities' of its client Sky.

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Germany falls into recession as inflation hits economy

Rising prices have dampened demand from households and businesses in Europe's largest economy.

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Expected energy price cap cut will see bills fall

The regulator will soon confirm the change, which is likely to knock £450 off a typical annual bill.

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'Each time we strike more workers join the picket'

Workers at an Amazon warehouse in Coventry are on strike for the 15th day this year.

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Minister attacks Meta boss over Facebook message encryption plan

Minister Tom Tugendhat criticises Mark Zuckerberg over Facebook's extension of message encryption.

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Cathay Pacific fires cabin crew over discrimination claim

The incident apparently took place on a Sunday flight from the Chinese city of Chengdu to Hong Kong.

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Virgin Orbit: Branson’s space mission ends after rocket failure

The announcement that Virgin Orbit has shut down comes just months after a major launch failure.

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Formula 1: Honda to return as Aston Martin engine partner in 2026

Honda will return to Formula 1 in 2026 as engine partner for the Aston Martin team.

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Chip war: Apple strikes major US-made semiconductor deal

The move comes as a trade row centred on the tech industry intensifies between Washington and Beijing.

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

Why car parks are the hottest space in solar power

Car parks are a good place for solar panels, providing shade and electricity where it is needed.

from BBC News - Business https://ift.tt/nxRLz6h

Meta loses millions as made to sell Giphy to Shutterstock

Social-media giant Meta was ordered to sell Giphy by the UK's Competition and Markets Authority.

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

Shell AGM: Climate activists storm shareholder meeting

Protesters rush the stage at the oil giant's annual general meeting in London over climate plans.

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Indian banks start exchanging withdrawn 2,000-rupee notes

The 2,000-rupee notes have been withdrawn, sparking concerns and confusion.

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Bird flu: Brazil declares animal health emergency after several cases found

The country is the world's largest exporter of chicken meat, and wants to stop the virus spreading.

from BBC News - Business https://ift.tt/92eh8qK

WhatsApp to allow users to edit messages within 15 minutes

The instant-messaging service, which is used by 2 billion people, counts India as its largest market.

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TikTok sues Montana to overturn first US state ban

The western state last week became the first in the US to ban the hugely-popular video platform.

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

Train wi-fi at risk as part of cost-cutting move

The government says wi-fi is not a priority for passengers, but one expert claims trains could lose custom.

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

Ryanair returns to profit as fares jump

The airline benefits as travel demand rebounds and one expert warns fares are set to rise further.

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US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse

The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy.

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China bans major chip maker Micron from key infrastructure projects

It is China's first major move against a US chip maker, as tensions increase between Beijing and Washington.

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Why food bills aren't shrinking - five things to know

Prices in the shops remain much higher than a year ago, despite falls in energy and food costs.

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CBI banned alcohol-only events after staff party, says ex-chief

Former boss Dame Carolyn Fairbairn says she took action following poor behaviour at the event.

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Government rules out more help on energy bills

The price cap on gas and electricity is set to fall, but at about £2,000 remains historically high.

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Mortgage deals: Five new products aiming to beat interest rates rise

As interest rates rise, some lenders are offering no-deposit mortgages and removing the "stress test".

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Energy bills predicted to fall from July by nearly £450

Ofgem is poised to announce a cut in its price cap next week, according to an energy consultancy firm.

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Finance delays for divorcing teachers and NHS staff as pensions recalculated

Both current and retired staff face "a severe and drastic impact" from the delays, say solicitors.

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G7 Summit: Africa seeks new role as nations eye its resources

As wealthy nations compete, Africa wants to keep more of the benefits from its natural resources.

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Flooding: Toilet bungs and other prevention measures to save homes

A campaign will urge homeowners to consider simple measures to save costs and heartache from flooding.

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Network Rail says infrastructure will get less reliable

Extreme weather and rising costs are stretching the budget for maintaining rail infrastructure.

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Will a Russian diamond ban be effective?

Countries in the G7 bloc want to be able to trace the gemstones to block Russian exports.

from BBC News - Business https://ift.tt/NTls7hG

Multi-billion pound JLR gigafactory looks set for UK site

Talks between the government and Tata Jaguar Land Rover are believed to be at an advanced stage.

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Could a US debt default unleash global chaos?

The BBC examines four ways you could be affected if the US fails to reach a deal on its debt.

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'We are selling a product that we hope gets discontinued'

The firms aiming to help eradicate invasive species by making commercial use of them.

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

Disney scraps $867m Florida plan amid Ron DeSantis feud

The company makes the decision amid an escalating legal battle with Florida Governor Ron DeSantis.

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Train strikes: New RMT walkout means three strikes in four days

Members of the RMT union will strike on Friday 2 June in a national dispute with 14 train companies.

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Asda consults on cutting pay for 7,000 workers

The supermarket chain says it is consulting on whether higher pay for some employees "makes sense".

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Industrial estate firms hit by 400% energy price hike

Small firms on Lydney industrial estate have cut production to cope with spiralling costs.

from BBC News - Business https://ift.tt/MJm68If

BT to cut up to 55,000 jobs by end of decade

The telecoms giant is to cut its workforce by up to 55,000 by the end of the decade.

from BBC News - Business https://ift.tt/XuF8PW5

Elon Musk: I will say what I want even if it costs me

Twitter's owner has been criticised for spreading disinformation and conspiracy theories online.

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TikTok: Montana to become first US state to ban app on personal devices

The Chinese-owned platform said the ban "infringes on the First Amendment rights of the people of Montana".

from BBC News - Business https://ift.tt/dXr0LkS

Food bank uses tech to plug donation shortfall

Soaring demand means food banks have to buy groceries - but tech is being used to target donations.

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

Legend of Zelda game sells 10 million copies in three days

Tears of the Kingdom becomes the fastest-selling game in the Legend of Zelda franchise.

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Purplebricks snapped up by rival Strike for £1

The online estate agent agrees a deal to sell its business and assets to rival Strike for the token sum of £1.

from BBC News - Business https://ift.tt/p7iv9cx

Ex-Apple engineer accused of stealing self-driving car secrets

The 35-year-old suspect allegedly downloaded large amounts of data before fleeing to China.

from BBC News - Business https://ift.tt/MVO3DE5

US debt ceiling: Biden and Republicans hopeful of a deal

House Speaker Kevin McCarthy says the two sides are far apart but an agreement is possible this week.

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Vauxhall-maker says UK needs to change its Brexit deal

Vauxhall-maker Stellantis is calling on the government to renegotiate some Brexit rules or risk losing UK operations.

from BBC News - Business https://ift.tt/SUOKl43

Two poultry workers test positive for bird flu

The cases in England were found during screening and there is no sign of human-to-human transmission.

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

Bank of England chief economist sorry for 'inflammatory' comment

Huw Pill says he regrets saying people should get used to being poorer or risk high inflation.

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Teachers and nurses dragged into higher taxes, warns think tank

The Institute for Fiscal Studies warns a freeze on income tax thresholds will hit middle earners.

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

Eurovision: Liverpool event better than we imagined, businesses say

Businesses in Liverpool celebrate a bumper two weeks thanks to an influx of visitors for Eurovision.

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Supermarkets investigated over food and fuel prices

The competition watchdog will look at whether a failure in competition means customers are overpaying.

from BBC News - Business https://ift.tt/fIlA0yP

Microsoft's Activision takeover approved by EU after UK veto

The proposed $69bn acquisition of Activision is splitting global regulators over competition concerns

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Center Parcs owner Brookfield puts holiday chain up for sale

The private equity owner of the resort firm wants to sell the business for up to £5bn.

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Engineering giant Wood sees off takeover interest from investment firm

Apollo Management Holdings announced it will not make a formal bid for the Aberdeen-based firm.

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Percy Pig ice cream renamed after 'polite' M&S request

Fabio Vincenti is now considering alternative names for his pig-based treat.

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

Scrap tax on sunscreen, say cancer charities

Cancer experts want VAT removed to make sun creams more affordable in the cost-of-living crisis.

from BBC News - Business https://ift.tt/YgTnt6c

AI creator on the risks, opportunities and how it may make humans 'boring'

AI boss on the future of artificial intelligence and what will happen if computers become more clever than humans.

from BBC News - Business https://ift.tt/k2vmDOB

Pat Cullen: Nursing union calls for double-digit pay rise to restart talks

Union boss Pat Cullen urges ministers to reopen pay talks in England after her members rejected a 5% offer.

from BBC News - Business https://ift.tt/cg29oWu

Is the UK too late to beat the US in the global trade war?

The US is offering huge incentives to electric car firms, but the UK risks falling behind.

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

Skipton: Will deposit-free mortgages help budding first-time buyers?

Will Skipton Building Society's deposit-free deal help those hoping to buy in the lender's home town?

from BBC News - Business https://ift.tt/lho0DF8

Linda Yaccarino leaves NBCUniversal amid Twitter talk

The move follows Elon Musk's announcement that he has found a new person to lead Twitter.

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Peloton recalls 2 million bikes over injury risk

It is the second major recall for the bike company which soared to popularity during the pandemic.

from BBC News - Business https://ift.tt/l8LqVhr

Elon Musk says he has appointed new Twitter boss

The billionaire has been under pressure to name someone else to lead the company and focus on his other firms.

from BBC News - Business https://ift.tt/1G7yDuW

New York City passes law barring weight discrimination

America's largest city joins a movement to make size a protected trait on par with race and gender.

from BBC News - Business https://ift.tt/Wh8AH9s

What has TransPennine Express's record actually been?

After a period of disruption, we examine how the company has been performing before its contract ends.

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Adidas to sell Yeezy shoes and donate proceeds

The sportswear giant has about 1.2bn euros of Yeezy shoes sitting in storage.

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Leasehold system won't be abolished by government this year

Housing Secretary Michael Gove has previously promised to scrap the "unfair" system in England and Wales.

from BBC News - Business https://ift.tt/z96HQJb

India's Russia oil imports jumped tenfold in 2022, bank says

The country saved $5bn as it ramped up oil purchases from Moscow following Western sanctions on Russia.

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

Renewable energy projects worth billions stuck on hold

Major renewable energy projects being delayed by more than 10 years as grid reaches capacity.

from BBC News - Business https://ift.tt/EgK8dt2

Warning UK losing £2,300 per minute to fraud

Bank industry group UK Finance calls for tech firms to help reimburse fraud victims.

from BBC News - Business https://ift.tt/bHzR8DU

Vodafone 3G turn-off sparks internet access fears

The network is to begin a UK-wide shutdown of its 3G network in June so it can invest more in 4G and 5G.

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How worried should I be about the US economy?

Bank failures, job cuts and a stalled out stock market - is the world's largest economy in trouble?

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US inflation below 5% for first time in two years

Prices rose 4.9% over the 12 months to April, the latest figures show.

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The debt ceiling saga explained - in under 90 seconds

Will the US government run out of money? Here's what's at stake politically and economically.

from BBC News - Business https://ift.tt/jA2HymE

Briton pleads guilty in US to 2020 Twitter hack

It was probably the most high-profile hack in social media history, hitting dozens of famous accounts.

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

Longer lorries to be allowed on Britain's roads

More goods can be carried in fewer trips, says government, but campaigners have safety concerns.

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Goldman Sachs to pay $215m in sex discrimination case

The bank will pay a "substantial" sum after facing claims it underpaid female staff in the US.

from BBC News - Business https://ift.tt/6rwZVK2

Ryanair signs $40bn deal for 300 Boeing aircrafts

Ryanair agrees a deal which will see it purchase up to 300 aircraft over the next decade.

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Will the US default on debt on 1 June? A really simple guide to debt ceiling

The US government could start to run out of money within weeks - how did we get to this point?

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Is Congress playing a high stakes game of political chicken?

The US is at the risk of actually hitting its debt limit and causing a global economic catastrophe.

from BBC News - Business https://ift.tt/UAhPa9Y

Tech layoffs: LinkedIn cuts 700 jobs and phases out China

The careers site is the latest tech company to announce major job cuts.

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

Apple co-founder says AI may make scams harder to spot

Silicon Valley veteran tells the BBC he thinks AI creations should be clearly labelled.

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

Can a wind turbine handle hurricane speed winds?

As wind farms expand into new areas they will need to withstand extreme wind speeds.

from BBC News - Business https://ift.tt/Y4jkmxl

Royal Mail boss expected to resign within weeks

Simon Thompson is said to be in talks after a bitter union dispute and after he was accused of misleading MPs.

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

Sunday sunshine helps Coronation pub takings

One pub chain says sales on Sunday had been "really, really strong" as hospitality firms hope for a boost.

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India: What the smartphone market tells us about its economy

Samsung and Apple have increased their market share and revenues as cheaper rivals see sales slow.

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

Janet Yellen: US treasury secretary warns of debt ceiling 'catastrophe'

The US treasury secretary warns Congress it must act to raise the country's borrowing limit.

from BBC News - Business https://ift.tt/0D4ev6K

Horizon scandal: Post Office boss to pay back part of bonus

Nick Read has admitted last year's accounts contained an "incorrect statement" about work done for the Horizon Inquiry.

from BBC News - Business https://ift.tt/U30ZR2f

Tata Steel warns of uncertainty over future of UK business

The steelmaker is seeking government support to help switch away from coal-fired blast furnaces.

from BBC News - Business https://ift.tt/5DpEU0F

Ex-Uber security chief sentenced over covering up hack

Joseph Sullivan was convicted over covering up a security breach of 57 million user accounts in 2016.

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

Shell selling stake in controversial Cambo oil field

The project - west of Shetland - is the second-largest undeveloped discovery in the UK's North Sea.

from BBC News - Business https://ift.tt/G0in9TQ

CBI hires ethics consultancy to overhaul culture

The business lobby group appoints advisors to try to salvage its reputation as police investigate rape claims.

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

Bunting, biscuits, beer - Brits spend on Coronation

The public is on course to shell out £200m on food and drink this weekend, one retail body predicts.

from BBC News - Business https://ift.tt/g2XmvN1

US job creation robust despite banking crisis

Employers in the US added 235,000 jobs in April as the labour market held up better than expected.

from BBC News - Business https://ift.tt/lhImN29

Banks warn of big increase in online scams

Barclays said 77% of scams are now happening on social media, online marketplaces and dating apps.

from BBC News - Business https://ift.tt/eKU061h

Yorkshire's independent brewers in battle to survive 'perfect storm'

Independent brewers in Yorkshire react to news that one of their famous counterparts is in trouble.

from BBC News - Business https://ift.tt/wqFLo69

Go First: What went wrong with Indian airline?

The budget airline filed for bankruptcy protection earlier this week.

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

Can Morocco solve Europe’s energy crisis?

Morocco plans to send renewable energy to Europe, but some want it to save it for its home market.

from BBC News - Business https://ift.tt/rpMvwS1

British Gas to stop using contractors to force-fit prepayment meters

The change follows an outcry after agents working for British Gas broke into the homes of vulnerable people.

from BBC News - Business https://ift.tt/AJozCS9

US bank seeks buyer as confidence crisis spreads

PacWest is the latest mid-sized bank to search for financial help as confidence in the sector falls.

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

Covid: China tourism rebounds above pre-pandemic levels

Domestic travel in the country jumped sharply during the five-day May Day break.

from BBC News - Business https://ift.tt/gQiWbd0

Credit Suisse: Asia investors sue Switzerland over bank collapse

Investors are suing the Swiss government over its handling of the takeover of Credit Suisse.

from BBC News - Business https://ift.tt/rAjK4Lq

Sir Richard Branson thought 'we were going to lose everything' in pandemic

Sir Richard Branson says the pandemic left his businesses near collapse and him "a little depressed".

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

Biden pick Ajay Banga gets top World Bank job

Ajay Banga takes over as the anti-poverty lender faces pressure to do more to tackle climate change.

from BBC News - Business https://ift.tt/72Fjsy4

Fed raises US interest rates to highest in 16 years

The US central bank announces its tenth rate rise, while signalling it may be the last increase for now.

from BBC News - Business https://ift.tt/3C1nbjL

Coca-Cola supplies could be hit by strike - union

Workers at Europe's biggest soft drinks factory in Wakefield are balloted over industrial action.

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

India's Go First cancels flights after bankruptcy

The country's fourth largest carrier blames US engine maker Pratt & Whitney for its problems.

from BBC News - Business https://ift.tt/q5ZSDKv

Air travel chaos looms as US keeps 5G altimeter refit deadline

A July deadline for airlines to refit planes to avoid 5G signal interference will remain in place.

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

Coronation: Think of millions working during celebrations - union

Coronation celebrations will depend on millions working through the weekend, say trade unions.

from BBC News - Business https://ift.tt/DA9P1gG

Tinder owner to quit Russia more than a year after invasion began

The owner of the dating app follows other global brands that cut ties in 2022.

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

UK house prices in surprise rise in April, says Nationwide

Market conditions improving after prices fall for seven consecutive months, Nationwide says.

from BBC News - Business https://ift.tt/oI95UDl

BP reports stronger than expected profits

The oil and gas giant posts profits of $5bn (£4bn) for the first three months of 2023.

from BBC News - Business https://ift.tt/fwa0PXS

Silicon Valley Bank: HSBC says UK buyout boosted profit by $1.5bn

HSBC bought Silicon Valley Bank's British business in a deal led by the government and the Bank of England.

from BBC News - Business https://ift.tt/h0iXduF

Shein: China fashion giant faces US calls for probe over Uyghur claims

Lawmakers demand an investigation into the Chinese fashion giant's alleged links to forced labour

from BBC News - Business https://ift.tt/97xlhZe

Australia to ban recreational vaping, crackdown on black market

Minimum quality standards will also be introduced, and the sale of vapes in retail settings prohibited.

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

Ron DeSantis-aligned oversight board votes to countersue Disney

This latest move is part of an escalating dispute between Disney and Florida's Republican governor.

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

First Republic: JP Morgan to take over major US bank

First Republic was seized by regulators, the third major US bank to fail in recent months.

from BBC News - Business https://ift.tt/1WhrMH4

Capita: Watchdog warns pension funds over data after hack

The Pensions Regulator has told hundreds of funds to check details of customers after a data leak.

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