Energy bills fall as new price cap comes into force

A household in England, Wales and Scotland using a typical amount of energy will now pay £426 less a year.

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Trainee pilots lose tens of thousands after flying schools collapse

Trainee pilots are urging the aviation watchdog to prevent others from losing money and qualifications.

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

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Sky Mobile and Giffgaff customers suffer outage

The networks both confirm users reporting problems with their mobile phone connection.

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Nutmeg co-founder Nick Hungerford sets up charity for bereaved children

Nick Hungerford's charity for bereaved children, Elizabeth's Smile, is named after his daughter.

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Dutch to restrict chip equipment exports amid US pressure

The Dutch government said the decision was taken on "national security grounds".

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Can Canada make big tech pay for news?

The country is the latest front in a fight that analysts say has big stakes for news - and democracy.

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Over-30s eye Australia gap year as age limit raised

Australia extends the age limit to 35 for Brits who want to live and work down under.

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

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Google to scrap local news links in Canada over Online News Act

The move is a protest against a Canadian bill that will make tech giants pay for news content.

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US economy stronger than reported at start of 2023

The new data could bolster the case for higher interest rates.

from BBC News - Business https://www.bbc.co.uk/news/world-us-canada-66056743?at_medium=RSS&at_campaign=KARANGA

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Why is Thames Water in so much trouble?

There are fears that the UK's biggest water firm is close to collapse but how did it come to this?

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The women tackling the woeful diversity in plumbing

Despite a shortage of plumbers and heating system installers the industry is still dominated by men.

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Sri Lanka: Five-day bank holiday for domestic debt restructuring

There are fears the government's plan could lead to volatility in financial markets.

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Heating down but spending up for royal finances

Royal residences have the heating kept at 19C, as spending rises to almost £108m, annual accounts show.

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Cut low-cost broadband VAT to help more online peers say

Some people struggle to get online, putting them at a disadvantage, a Lord's committee says.

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ChatGPT owner OpenAI to open first foreign office in UK

The Microsoft-backed company says the London office will allow it to 'attract world-class talent'.

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BT investigated over major 999 call disruption

Probe launched after emergency services across the UK reported 999 calls were failing to connect on Sunday.

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Drinks giant Diageo ends 'broken' Diddy partnership

The move comes after pop star Diddy accused the firm of neglecting his tequila brand because of his race.

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Boots to close 300 UK pharmacies over the next year

The US-owned chain says it will "consolidate" stores in close proximity to each other.

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Thames Water boss quits after sewage spills

Sarah Bentley steps down weeks after giving up her bonus over the company's poor performance.

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Apple joins opposition to encrypted message app scanning

WhatsApp and iMessage could be forced to scan for child abuse images under the Online Safety Bill.

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Ex-Audi boss Stadler avoids jail in VW emissions scandal

Rupert Stadler is given a suspended term and a fine for fraud and negligence over Dieselgate.

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UK to work more closely with EU on financial services

The UK and EU pact is being seen as a step towards better relations over financial services.

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St Mungo's: Staff at homeless charity being indefinite strike over pay

The charity has said that meeting workers' demands would leave it not "financially viable".

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Cheers! Can AI help drinkers buy a better bottle of wine?

Wine recommendation apps are now using AI to help better match people with a bottle they will like.

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Follow EU regulation to keep costs low says Ford boss

Britain's car industry should keep "regulatory alignment" with the EU to avoid extra costs, says Tim Slatter.

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Banks being slow to pass on savings rates - Hunt

The chancellor says there is an "issue" with banks taking "too long" to pass on higher rates to savers.

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HSBC to leave Canary Wharf tower for new world headquarters

The bank will move to a smaller London office to allow for more flexible working post-pandemic.

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Cineworld screens stay open despite administration

The struggling cinema chain is undergoing a restructure as it tries to escape huge debts.

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PwC Australia: Accounting giant splits business after tax leak scandal

The accounting giant will sell its Australian government consultancy business for a nominal A$1.

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Students switch to AI to learn languages

Many people are using AI like ChatGPT to improve their language skills but learning that way has drawbacks.

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

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Britishvolt owner's offices raided by Australian tax police

The buyer of the prospective battery plant in Northumberland has not yet paid for the site.

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

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Rishi Sunak urges people to hold their nerve on interest rates

The Prime Minister continues to back the Bank of England as mortgage pressure rises for homeowners.

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Can we stop being tricked into subscriptions?

The US and UK are trying to crack down on firms tricking customers into renewing their subscription.

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Zambian President Hichilema's $6bn debt deal hailed as 'historic'

Much of the money was owed to China, which had been accused of holding up a deal.

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Heathrow security staff call off strikes

Security staff at Heathrow will no longer strike after accepting an improved pay offer.

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

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Facebook and Instagram to restrict news access in Canada

It comes after parliament passed a bill requiring tech giants to compensate publishers for news.

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

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Temu: Risk fast-fashion website uses forced labour

The claims arise from an investigation into a US law barring imports made with Uyghur labour.

from BBC News - Business https://ift.tt/dDoerL9

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Ocado shares surge on Amazon takeover rumours

The online grocer was the UK's most valuable retailer during the pandemic but has struggled more recently.

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

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Police warn Android phone users over 999 call feature

Forces say update that lets button pushes trigger calls is bombarding operators with "silent" calls.

from BBC News - Business https://ift.tt/AGT8med

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Interest rates: Bank of England governor warns interest rate rise hard for many

"If we don't raise rates now, it could be worse later," Bank of England boss warns as it raises rates to 5%.

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Five tips for saving money on your mortgage

With interest rates rapidly rising, what do experts say about coping with costs?

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Turkey's Erdogan set for economic U-turn and steep interest rate hike

Turkey is expected to reverse some of the unorthodox economic policies of President Erdogan.

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Interest rates: How a rise affects you and your money

The Bank of England is expected to raise rates from a current level of 4.5% to control price rises.

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Doune the Rabbit Hole music festival cancelled after union boycott

Organisers said they had been subjected to a "campaign of misinformation" by the Bectu union.

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Amazon said to have 'duped' Prime customers

The US has sued Amazon for allegedly tricking customers during the Prime sign-up process.

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Airbus experiments with more control for the autopilot

Airbus has been testing new automated technology that it says has the potential to improve flight safety.

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

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Bernie Sanders announces Amazon safety investigation

The move raises pressure on the e-commerce giant over its treatment of workers.

from BBC News - Business https://ift.tt/e9D1MwS

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MOVEit hack: Gang claims not to have BBC BA and Boots data

Cyber criminals say they do not have data belonging to UK organisations thought to be victims of a mass hack.

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Virgin Media email service users suffer lengthy failure

The company has apologised after some problems remain unresolved over 36 hours since first reported.

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Carlos Ghosn sues Nissan for $1bn in defamation suit

The former boss of Nissan wants to clear his name after his arrest on financial misconduct charges.

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Is food inflation higher in Europe than in the UK?

Food prices are growing faster in the UK than in Germany, Portugal or Sweden.

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Post Office bosses told to repay mistaken bonuses

The money was paid for completing an Inquiry which still hasn't finished

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Ministers to block plans to ban new coal mines

Measures to allow community projects to sell electricity directly to local homes are also set to be dropped.

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Rent takes up biggest share of pay for 10 years

Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.

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Amazon Hilton and Pepsi to hire thousands of refugees in Europe

More than 40 big European firms pledge to hire and train 250,000 Ukrainian and other refugees.

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Record aircraft purchase announced at Paris Airshow

The deal between Indian carrier IndiGo and Airbus is the largest single order by any commercial airline.

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

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Morrisons and M&S follow rivals to cut food prices

Basic items are to be discounted as retailers face pressure to help ease the cost of living.

from BBC News - Business https://ift.tt/MIBu9Ao

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Reddit protesters bombard site with John Oliver pictures

Some of the biggest subreddits are now only allowing posts featuring the British comedian.

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Average two-year mortgage rate breaches 6%

It is the first time since December that the rate has been as high as 6%, prompting worry for borrowers.

from BBC News - Business https://ift.tt/4SJ7M2L

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Keir Starmer pledges to end North Sea exploration and let areas profit from clean power

Sir Keir Starmer will vow to cut bills and create jobs when he sets out his party's green energy plans.

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Pirelli: Italy blocks Chinese control of tyre giant

It comes as tensions between Beijing and the West are in focus as the US secretary of state visits China.

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

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Mortgage help 'under review' says Michael Gove

Michael Gove was asked about what whether any help would be given to those struggling with payments.

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Binance exits Netherlands and faces France probe

The world's largest cryptocurrency exchange faces setbacks in Europe.

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Avanti West Coast: Train drivers to strike over sick pay Aslef says

Aslef members at Avanti West Coast will take action on 1 July, the train drivers' union says.

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Energy bills support took too long to get to people - MPs

About 1.7 million people were left waiting months for help due to government’s "lack of bandwidth".

from BBC News - Business https://ift.tt/xi9asXY

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Average two-year mortgage rate close to 6%

Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.

from BBC News - Business https://ift.tt/sOwnU3u

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Amazon cleared to buy iRobot vacuum cleaner maker

The UK competition watchdog says the online giant can buy iRobot, the maker of Roomba cleaners.

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Lincolnshire beans could provide British solution to imports

Scientists have developed a haricot seed they hope will thrive in the UK after a 12-year project.

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Hacker gang Clop publishes victim names on dark web

Criminal hacker group begin posting names of companies to darkweb.

from BBC News - Business https://ift.tt/rGYP85e

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Nationwide latest lender to raise mortgage rates again

One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.

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Ryanair sacks chief pilot over sexual misconduct claims

The pilot allegedly remarked on female colleagues' bodies and altered rosters to fly with cadets.

from BBC News - Business https://ift.tt/MOY9z5j

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Odey to be broken up after sexual harassment claims against its founder

The hedge fund will be dismantled after allegations emerged about its founder Crispin Odey.

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Energy saving to return to prevent winter blackouts

National Grid says that the Russia-Ukraine war poses a risk to future energy supplies.

from BBC News - Business https://ift.tt/c90SDpI

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Elon Musk: Twitter sued by music publishers in copyright case

A group representing 17 publishers in the US is seeking more than $250m in damages.

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MPs grill financial watchdog over Odey probe

MPs want the FCA to explain its handling of sexual harassment allegations against financier Crispin Odey.

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Beyonce blamed for inflation surprise in Sweden

The frenzy stoked by the start of the singer's world tour is seen driving up prices in Sweden.

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Vodafone to join with Three to create UK mobile giant

The deal is yet to be approved by regulators, which will look at whether it will rise customer prices.

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Amazon server outage makes some websites go dark

The outage is being resolved and affected web services for some fast food apps, airlines and others.

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

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Microsoft-Activision: $69bn deal temporarily blocked in US

The deal to buy the Call of Duty publisher would be the largest in the history of the video games industry.

from BBC News - Business https://ift.tt/Ze2WmVN

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Can Amsterdam make the circular economy work?

Amsterdam has ambitious plans to radically cut the amount of resources used by the city's economy.

from BBC News - Business https://ift.tt/IWOQ3c5

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US inflation rate continues to fall

Falling prices for eggs, used cars and furniture helped to cut inflation in May.

from BBC News - Business https://ift.tt/ePC8vtg

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Sainsbury's and Asda told not to block rival stores

The supermarkets are accused of stopping rivals opening nearby, potentially reducing consumer choice.

from BBC News - Business https://ift.tt/E5NhIoC

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Jack Dorsey: India threatened to shut Twitter and raid employees

Former Twitter CEO Jack Dorsey's allegations have been denied by the Indian government.

from BBC News - Business https://ift.tt/JTse3ju

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Amazon using AI to boost fight against fake reviews

The tech giant is developing new tools to help track down the brokers buying and selling reviews.

from BBC News - Business https://ift.tt/fOx5IZE

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Tuffnells: Parcel firm goes bust with loss of more than 2,000 jobs

Administrators for Tuffnells say rising costs, the pandemic and competition have caused problems.

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

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Heathrow workers call off first summer strikes

More than 2,000 staff said they will postpone industrial action on 24 and 25 June.

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

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Market proves too tough for vegan mince and burger firm

Plant-based company Meatless Farm has dismissed most of its workforce and is examining its options.

from BBC News - Business https://ift.tt/hJ6SrwH

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JP Morgan agrees to settle lawsuit brought by Jeffrey Epstein victim

The largest US bank says it regrets its relationship with "monstrous" sex-trafficker Jeffrey Epstein.

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Flights cancelled as UK thunderstorm warnings in force

Storms are forecast for much of the UK on Monday, which could cause floods and travel disruption.

from BBC News - Business https://ift.tt/rJXSdC7

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MOVEit hack: media watchdog Ofcom data downloaded in cyber attack

The regulator said information about firms and employees had been affected by a cyber-attack.

from BBC News - Business https://ift.tt/cEw2FO7

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Reddit communities go dark in protest at changes

Thousands of subreddits are shut down for 48 hours following controversial charging plans.

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George Soros hands reins of $25bn empire to son Alex

The American financier, targeted by right-wing conspiracists, is passing control of foundations to his son.

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Why second-hand fashion is back in style

"Pre-loved" clothing is big business and it is not just about saving money and the planet.

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

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Danone boss calls for higher taxes on unhealthy food

Danone's UK president wants the government to use tax incentives to promote healthier products.

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Five reasons why mortgages are getting us down

Rising mortgage rates are causing a headache for homeowners and buyers, so what is behind the maelstrom?

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Crispin Odey: City boss quits firm after sexual misconduct claims

Crispin Odey, a prominent hedge fund boss, strenuously denies the allegations.

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Reddit blackout: Subreddits to go private on Monday

More than 1,000 subreddits will be inaccessible for 48 hours to protest changes.

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Meta plans for Twitter rival shown to staff

A text-based version of Instagram could potentially let users carry across followers from other apps.

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

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Odey Asset Management City probed as sexual harassment claims emerge

News of the investigation comes as found Mr Odey is accused of sexually harassing or assaulting 13 women.

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Eurozone in recession as rising prices hit spending

Revised data shows the eurozone's economy contracted at the end of last year and the start of 2023.

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

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Rising rates to hit housing demand, builder says

Housebuilder Crest Nicholson warns of a further slowdown as it reports lower sales and profits.

from BBC News - Business https://ift.tt/KJgei9q

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Banks accused of 'measly' interest rates on savings

MPs criticise banks as instant access savings rates sit well below the Bank of England base rate.

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

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Crypto: 24-hour cooling-off period included in ad overhaul

Crypto bosses could face up to two years' imprisonment if they fail to comply with the new rules.

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Sir Ivan Menezes: Boss of Guinness maker Diageo dies at 63

India-born Sir Ivan Menezes was the chief executive of Diageo, the world's biggest spirits company.

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CNN chief Chris Licht out after just 13 months

Chris Licht had been criticised for CNN's handling of a recent town hall interview with Donald Trump.

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Telegraph Media Group set to be put up for sale

Lloyds is looking to recover debts owed by the network of companies controlled by the Barclay family.

from BBC News - Business https://ift.tt/k07FiSE

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Heathrow security officers announce summer strikes

Around 2,000 security officers will walk out for 31 days in June and August.

from BBC News - Business https://ift.tt/m3CNy94

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TikTok: ByteDance accused of helping China spy on Hong Kong activists

The Beijing-based firm has denied Chinese Communist Party members were allowed to access user data.

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

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BBC, BA and Boots issued with ultimatum by cyber gang Clop

They say personal details of 100,000 staff at the BBC, British Airways and Boots will be published if employers do not get in touch.

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Telegraph owners say no risk to titles over loans

The Barclay family, which also owns the Spectator magazine and courier Yodel, owes debts to Lloyds Bank.

from BBC News - Business https://ift.tt/grcH8Kk

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CBI: Scandal-hit business group wins survival vote

Members have backed the lobbying giant but it is not clear if the government will renew engagement.

from BBC News - Business https://ift.tt/dYi5I74

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US sues Coinbase as crypto crackdown widens

The Securities and Exchange Commission says the company has not followed financial rules.

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

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MoveIt hack: What action can data-breach victims take?

Experts give advice to the more than 100,000 warned their personal data is in the hands of cyber-criminals.

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

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Singapore to hold final horse race after more than 180 years

The Southeast Asian island nation's only race course will hold its final meeting next year.

from BBC News - Business https://ift.tt/F9EmYGp

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Microsoft to pay $20m for child privacy violations

The tech giant used data collected from child Xbox users without telling parents, US regulators say.

from BBC News - Business https://ift.tt/qP0JZ7F

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Civil servants to strike despite new pay offer

The PCS union says members will walk out in Ireland and Wales this week and at the DVLA from 11 June.

from BBC News - Business https://ift.tt/8RI4bZk

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Jason Derulo: My 'most unsexy' business investment in a car wash

The Savage Love singer says when wants to invest he looks for firms in sectors he understands.

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

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Susannah Dale: I want to help keep mothers in the workplace

Susannah Dale is urging firms to sign a "maternity pledge", to support pregnant staff and new mums.

from BBC News - Business https://ift.tt/Dio7VUd

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Could ultra-processed foods be harmful for us?

Panorama investigates the links between UK's food safety advisors and the ultra-processed food industry.

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

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Universal basic income: Plans drawn up for £1,600 a month trial in England

Thirty people would receive a monthly lump sum for two years, under a pilot in two areas of England.

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

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Elon Musk: Twitter snaps up top NBCUniversal executive

It comes just weeks after NBCUniversal's head of advertising Linda Yaccarino was named as Twitter's CEO.

from BBC News - Business https://ift.tt/vql496T

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New business body launched as CBI faces crunch vote

The Business Council, set up by the Chambers of Commerce, has Heathrow, BP and Drax among its members.

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

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Oil production to drop after Opec+ nations meet

The move by the oil-rich nations comes as prices fall amid accusations Opec has sided with Russia.

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

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Money: £9bn in old UK banknotes and coins not cashed in

Paper £50 and £20 notes have been unusable since October, but can still be exchanged.

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

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Vote on CBI's reforms nerve-wracking, says new boss

Rain Newton Smith says she believes the CBI should survive ahead of vote of confidence at the group.

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

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'Mortgage costs right now are terrifying'

With rates rising and mortgages disappearing from the market, buyers reveal their struggles to get a deal.

from BBC News - Business https://ift.tt/SuewZV7

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Train strikes hit FA Cup final and Beyoncé concert

Drivers walk out over pay and conditions in the third rail strike this week.

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

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Diesel falls 12p but should be lower, says RAC

The price of diesel fell to £1.47 in May but the RAC argues the price should be cut further.

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

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Train strikes: When are they and why are they taking place?

Train drivers walk out on Saturday, after a week of stoppages by both Aslef and the RMT.

from BBC News - Business https://ift.tt/wy0e43H

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Offer made to civil servants in bid to end strikes

Unions say the government has offered staff below senior grades a lump sum of £1,500.

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

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Train strikes prompt sports fans to set off by bus

Fans making their way to the FA Cup final and the Epsom Derby start their alternative routes

from BBC News - Business https://ift.tt/JuBMV9W

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US adds 339,000 jobs in May defying slowdown fears

Job creation in the US was far stronger than expected as the central bank fights inflation.

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

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iPhone in India: Foxconn to manufacture smartphones in Karnataka by April 2024

Apple's decision to manufacture iPhones in India aims at diversifying away from China

from BBC News - Business https://ift.tt/MPv9pYh

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British Airways fined $1.1m by US government

The US says the airline did not "provide timely refunds to passengers" during Covid.

from BBC News - Business https://ift.tt/O7ThLjP

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Elon Musk: Twitter boss reclaims title of world's richest person

It comes after shares in his electric car company Tesla have almost doubled since the start of the year.

from BBC News - Business https://ift.tt/gYpIGw4

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Scandal-hit CBI to cut jobs as it fights for survival

The business group, which employs about 337 people, says it needs to cut its wage bill by a third.

from BBC News - Business https://ift.tt/AEPwk0T

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Train strikes: How rail walkouts on Friday will affect you

What you need to know about the walkout by RMT train staff by the BBC's Zoe Conway.

from BBC News - Business https://ift.tt/nkv3lGy

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The 'exploding' demand for giant heat pumps

Whole towns in Europe are being heated by huge, energy efficient heat pumps.

from BBC News - Business https://ift.tt/Df05hGM

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London still works for stock market listings, says We Soda boss

We Soda could be valued at £6bn when it floats in the UK, in a boost for the London stock market.

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