The firm says the move may allow it ultimately to produce light artillery inside Ukraine.
from BBC News - Business https://ift.tt/P4NyQ...
Thursday, August 31, 2023
Storm power cuts: Maximum compensation nearly triples to £2,000
The energy watchdog has hiked the amount households and businesses can receive from £700 to £2,000.
from BBC News - Business https://ift.tt/FcwXm...
Train strikes: When is the next action happening?
Members of the RMT rail workers' union and Aslef train drivers' union are set to strike again.
from BBC News - Business https://ift.tt/gSuOD...
Wednesday, August 30, 2023
How long until a robot is doing your chores?
Advances in AI are accelerating the development of humanoid robots.
from BBC News - Business https://ift.tt/WzlNp...
M&S returns to FTSE 100 on food and clothes boost
The retailer returned to the FTSE 100 index of Britain's biggest listed companies on Wednesday.
from BBC News - Business https://ift.tt/AqWG6...
Mark Thompson: CNN appoints former BBC director general as chief executive
The British executive must rebuild the US news network after a series of crises and falling ratings.
from BBC News - Business https://ift.tt/FGnub...
Wilko: Warning warehouse staff face redundancy
Job cuts may resume on Thursday if the current bidder does not submit the necessary paperwork in time.
from BBC News - Business https://ift.tt/cAr1t...
Families worry over cancelled flight expense costs
Passengers are having to fork out for food, travel and accommodation, but are worried about costs.
from BBC News - Business https://ift.tt/FVIEU...
Brexit: EU-derived equal pay protections to be brought back
Women will keep the right to the same pay as men doing similar jobs in what Labour says is a government U-turn.
from BBC News - Business https://ift.tt/jGiHI...
Tuesday, August 29, 2023
Burger King faces lawsuit claiming Whopper too small
The fast food giant is accused of making the burger appear larger on menus than it actually is.
from BBC News - Business https://ift.tt/TdQHI...
Netflix: Streamers expansion into gaming is 'natural extension'
Streaming hits such as the Queen's Gambit are being adapted as games as the streamer looks to expand.
from BBC News - Business https://ift.tt/u7xtA...
Scams impersonating financial regulator double
The Financial Conduct Authority says reports of scammers impersonating it have doubled.
from BBC News - Business https://ift.tt/ET49m...
Network Rail axes bonuses for staff who went on strike
Network Rail has withheld bonuses from union members who took part in strike action during a pay dispute.
from BBC News - Business https://ift.tt/ljHA3...
nsRyanair says air traffic failure is not acceptable
Airline boss Michael O'Leary asks why there was no back-up system after glitch causes travel chaos.
from BBC News - Business https://ift.tt/lWkhb...
Price rises in shops at lowest for nearly a year
The retail trade body, British Retail Consortium, says price rises are slowing but remain high.
from BBC News - Business https://ift.tt/13t2n...
Monday, August 28, 2023
Toyota halts all Japan assembly plants due to glitch
The world's largest car maker is investigating a system fault but says a cyber attack is unlikely.
from BBC News - Business https://ift.tt/30rok...
Why empty lorries are a problem and how to fix it
With one third of lorries in the UK driving empty, some hauliers are turning to technology for help.
from BBC News - Business https://ift.tt/s9WwU...
What are my rights if my flight is cancelled or delayed?
Technical glitches may cause disruption at airports but passengers do have rights.
from BBC News - Business https://ift.tt/tseCp...
Air traffic control: Airlines warn of flight delays over technical fault
Many Bank Holiday passengers face disruption as they travel on one of the busiest travel days of the year.
from BBC News - Business https://ift.tt/c1r4y...
How robotaxis are dividing San Francisco
The city has become the crucible of an experiment - are robotaxis ready for the streets?
from BBC News - Business https://ift.tt/r1Bq2...
Help to buy homes from 'Bank of Family' rises
The so-called Bank of Mum and Dad has grown, with more than 300,000 home purchases set for 2023.
from BBC News - Business https://ift.tt/0p7SL...
Sunday, August 27, 2023
Morley's: The family-run chicken shop with cult status
Founded in 1985, Morley's has featured in music videos and counts the likes of Stormzy as loyal customers.
from BBC News - Business https://ift.tt/xeYnC...
Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%
The heavily-indebted firm's shares had been suspended from trading in Hong Kong since March last year.
from BBC News - Business https://ift.tt/W70KR...
Labour rules out wealth tax if party wins next election
Shadow chancellor Rachel Reeves says extra money for public services must come from economic growth.
from BBC News - Business https://ift.tt/9YieM...
Wilko: New bid emerges for stricken retail chain
A private equity firm makes a £90m bid for the business and pledges to retain all jobs for two years.
from BBC News - Business https://ift.tt/wG3kM...
The elusive man at the top of the OnlyFans empire
Leonid Radvinsky, a 41-year-old entrepreneur based in Florida, owns all the shares of the company.
from BBC News - Business https://ift.tt/t5jCJ...
Friday, August 25, 2023
Rail services across England hit as 20,000 staff begin strike
RMT members walk out over pay and working conditions, disrupting many people's bank holiday travel plans.
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Crystal Bar vape giant deletes TikTok after giveaway with no age verification
UK's second-biggest vape company, Chinese-owned SKE, has since deleted some social media accounts.
from BBC News - Business https://ift.tt/LcKhZ...
Kleenex is pulling out of Canada due to 'unique complexities'
Kimberly-Clark is pulling its consumer facial tissues from Canada, citing “unique complexities".
from BBC News - Business https://ift.tt/xKXAz...
Former Co-operative Bank chairman Paul Flowers charged with fraud
Paul Flowers is due to face a charge of fraud by abuse of position between June 2016 and October 2017.
from BBC News - Business https://ift.tt/nxFb8...
US faces more interest rate rises to cool inflation
Federal Reserve chairman Jerome Powell said the pace of price increases remained "too high".
from BBC News - Business https://ift.tt/kv0jA...
Heineken sells off Russian beer business for €1
The lager-maker will take a huge loss on the division which, it said, had taken longer to jettison.
from BBC News - Business https://ift.tt/lVi8P...
Renters' rights violations to be investigated
The UK's competition authority said some landlords may not be following consumer protection rules.
from BBC News - Business https://ift.tt/mExXt...
Thursday, August 24, 2023
Energy price cap to fall but bills will stay high
A new cap on the price of each unit of energy will be announced later by regulator Ofgem.
from BBC News - Business https://ift.tt/OKtW9...
Train strikes to hit major events like Reading and Leeds festivals
Visitors to the Reading and Leeds festivals and Notting Hill Carnival face disruption as rail workers walk out.
from BBC News - Business https://ift.tt/W2cPO...
Subway agrees sale to Dunkin' and Baskin-Robbins owner Roark Capital
The sandwich maker has been bought by Roark Capital, ending six decades of family ownership.
from BBC News - Business https://ift.tt/DArvW...
Gatwick Airport: Bank holiday strike threat off after pay deal agreed
The Unite union calls off industrial action by ground handlers after securing improved pay deals.
from BBC News - Business https://ift.tt/7IxUZ...
Gas prices fall as fears over Australian strike recede
A strike at a major Australian gas plant had threatened to disrupt global supplies.
from BBC News - Business https://ift.tt/ytJUP...
Paddington Bear stamps released by Royal Mail for 65th anniversary
The Peruvian bear was first seen in 1958 after featuring in the book A Bear Called Paddington.
from BBC News - Business https://ift.tt/ziC9M...
Wednesday, August 23, 2023
Nvidia: artificial intelligence chip giant sees sales more than double
The California-based company dominates the market for chips used in artificial intelligence systems.
from BBC News - Business https://ift.tt/8NoPH...
Rising numbers seek help for energy bill debts, warns Citizens Advice
Citizens Advice says it has seen a 17% rise the number of people asking for help with gas and electricity bills.
from BBC News - Business https://ift.tt/i7FVB...
Post Office boss to return bonus after Horizon scandal
Nick Read says he will return all of his bonus after wrongful fraud accusations against postmasters.
from BBC News - Business https://ift.tt/NaOks...
Wilko: Jobs to go as attempts to find a buyer fail
However, the company's administrator said parts of the business could still be bought.
from BBC News - Business https://ift.tt/YtWN8...
UK faces ‘heightened recession risks’ as interest rates bite
The UK economy is set to shrink between July and September and risks a downturn, a survey warns.
from BBC News - Business https://ift.tt/hAg0F...
NatWest: Former boss to get £2.4m pay package after Farage row
It comes a month after Dame Alison Rose quit the bank over the closure of former Ukip leader Nigel Farage's account.
from BBC News - Business https://ift.tt/7gv3Q...
Tuesday, August 22, 2023
Boots infant formula adverts broke rules - watchdog
Advertising watchdog found Boots promoted infant milk formula in adverts, which is prohibited.
from BBC News - Business https://ift.tt/C0UAP...
Threads: Meta to launch web version of flagging Threads app
The tech giant says it is working to add new features after many early users drifted away.
from BBC News - Business https://ift.tt/jvgWu...
Getir delivery firm cuts more than a tenth of workforce
The Turkish rapid grocery delivery service cuts 2,500 jobs after facing a backlash in many European cities.
from BBC News - Business https://ift.tt/pC9JP...
Wilko shoppers warned to avoid fake websites
Several websites are purporting to offer heavily discounted goods, the firm's administrators warn.
from BBC News - Business https://ift.tt/2AnB5...
Stonehaven crash: Network Rail to face fatal derailment charges
Three people died when a train hit a landslide after heavy rain near Stonehaven in 2020.
from BBC News - Business https://ift.tt/dMVeT...
Monday, August 21, 2023
Former Bank of England boss to head Bloomberg board
The financial and media firm's product head Vlad Kliatchko was named as chief executive in the shakeup.
from BBC News - Business https://ift.tt/tSYKF...
Virtual reality brings new vision to workplace training
Staff are being asked to put on VR goggles when they go on a course or team-building session.
from BBC News - Business https://ift.tt/SEO5r...
Car breakdowns due to potholes soar in rainy July
The AA saw call-outs jump with drivers reporting damage after wet weather hampered road repairs.
from BBC News - Business https://ift.tt/WxeRX...
Morrisons' bras and pants carry NHS cancer check label
Underwear labels urge people to contact their GP if they spot symptoms of breast or testicular cancer.
from BBC News - Business https://ift.tt/BsaPl...
Sunday, August 20, 2023
Pioneering wind-powered cargo ship sets sail
Inventors hope maiden voyage will help usher in new era of greener shipping.
from BBC News - Business https://ift.tt/ZCzPg...
China cuts key interest rate as recovery falters
The country's post-Covid recovery has been hit by a property crisis, falling exports and weak consumer spending.
from BBC News - Business https://ift.tt/6QokP...
Maiden Pharmaceuticals: Fury in The Gambia a year after cough syrup deaths
Grieving parents say regulators in both India and The Gambia failed their young children.
from BBC News - Business https://ift.tt/wDmpn...
Holiday firms urge PM to allow watchdog to fine airlines
Travel companies would like to see extra powers given to the Civil Aviation Authority later this year.
from BBC News - Business https://ift.tt/W6yBn...
Waitrose offers police free coffees to deter thieves
Waitrose and John Lewis are offering free hot drinks under the "Thanks a Latte" initiative.
from BBC News - Business https://ift.tt/43RaA...
Saturday, August 19, 2023
Have airlines gone too far with their extra fees?
Airlines increasingly charge for perks like speedy booking and seat selection, but some passengers say the costs are too high
from BBC News - Business https://ift.tt/HOuJN...
Crazy Rich Agents: ‘I sell houses to billionaires but live with mum and dad’
Young luxury estate agents face pressure to succeed in BBC's Crazy Rich Agents.
from BBC News - Business https://ift.tt/ckJGy...
Friday, August 18, 2023
Twitter, now X, to remove blocking feature
Elon Musk says the feature "makes no sense", but users are concerned about protection from abuse.
from BBC News - Business https://ift.tt/Pg3yk...
Wonka: Sweet shop owner fined £10k for selling fake chocolate bars
Alan Price was told he was selling chocolate that posed an "imminent safety risk".
from BBC News - Business https://ift.tt/uN4CP...
Blind man says Easyjet staff 'refused to help' him buy flights
Martin Conway says airline staff told him he must use an app to buy a flight but did not offer any help.
from BBC News - Business https://ift.tt/EH5qu...
Wilko staff have grounds for hope, says GMB union as bidders circle
The GMB says there has been interest in firms buying "at least parts" of the homeware retailer.
from BBC News - Business https://ift.tt/hvMBn...
Energy bills predicted to drop in autumn
Ofgem is poised to announce a small cut in its price cap next week, a consultancy firm forecasts.
from BBC News - Business https://ift.tt/2Lwfy...
Shop sales drop in July as rain dampens demand
Retail sales fell by 1.2% following the poor weather with clothing sales proving a washout.
from BBC News - Business https://ift.tt/3WTtQ...
Thursday, August 17, 2023
Buckingham Group construction company on brink of collapse
Buckingham Group, which has worked on HS2 and at Anfield, blames "extreme inflation" for losses.
from BBC News - Business https://ift.tt/GUsru...
Fine threat if banks fail to provide access to cash
The Treasury sets a minimum distance of three miles, or one mile in urban areas, for free cash withdrawal services.
from BBC News - Business https://ift.tt/a9Cnm...
DJ Khaled and Snipes: Why fashion brands are putting celebrities in charge
Celebrities are winning jobs at the top of luxury fashion firms - but what can they really contribute?
from BBC News - Business https://ift.tt/uBMsS...
I had to let almost all my staff go - bakery owner
Lac Hincu says despite the popularity of her business in Rugby, she had to downsize to survive.
from BBC News - Business https://ift.tt/qzvid...
Wednesday, August 16, 2023
After McDonald's, Burger King India drops tomatoes from its menu
Prices of essentials like tomatoes have skyrocketed in India in recent months.
from BBC News - Business https://ift.tt/rdKRS...
Singapore seizes $735m of assets in anti-money laundering probe
The raids are part of one of the city-state's biggest ever anti-money laundering investigations.
from BBC News - Business https://ift.tt/grfs5...
Jaguar Land Rover to create 300 new jobs in West Midlands
The roles will be used to support the increased production of Range Rovers and new electric vehicles.
from BBC News - Business https://ift.tt/pXq68...
Admiral car insurance loses thousands of customers
The car insurer has lost many customers on the back of steep price rises and a jump in vehicle repair costs.
from BBC News - Business https://ift.tt/QpHlP...
UK inflation rate drops to 6.8% as energy costs ease
Inflation in July slowed as a result of prices for gas and electricity easing, official figures show.
from BBC News - Business https://ift.tt/jh8vO...
Tuesday, August 15, 2023
VinFast: Vietnam EV maker valued at more than Ford or GM
The share sale on Nasdaq values VinFast at $85bn (£67bn) compared to Ford's $48bn or GM's $46bn.
from BBC News - Business https://ift.tt/8D1qP...
Bank of Ireland warning over cash machine glitch reports
The glitch reportedly allows people to withdraw large sums regardless of what is in their account.
from BBC News - Business https://ift.tt/0v3AW...
How Argentina learned to love the US dollar
Stuffing your greenbacks into the "mattress bank" is a way of life for many Argentines.
from BBC News - Business https://ift.tt/R6YUH...
Rail fares in England to rise below inflation again in 2024
Fare increases in 2024 will again be held below the rate of inflation, says government.
from BBC News - Business https://ift.tt/CXtOw...
Monzo on top of banking satisfaction rankings
Although its score has dropped, the challenger bank leads a regulator's banking league table.
from BBC News - Business https://ift.tt/Q62aW...
Interest-only mortgages: Warning against over-optimism in clearing debts
Some people do not realise they might not be able to clear their final debt, research suggests.
from BBC News - Business https://ift.tt/OqEzs...
Booking.com owes hosts in Scotland thousands in room payments
Scottish hosts say they have not been paid by the website for months and are considering legal action.
from BBC News - Business https://ift.tt/EIg9J...
Monday, August 14, 2023
Video doorbells: Police embrace them but do they cut crime?
The smart doorbells have soared in popularity, but they may not help reduce the number of break-ins.
from BBC News - Business https://ift.tt/fjrkg...
Ethnic minority workers in insecure jobs up 132% since 2011
New data shows the number of white people working in insecure jobs rose by a much smaller amount.
from BBC News - Business https://ift.tt/yxDOi...
Train strikes: When is the next action happening?
Members of the RMT rail workers union are set to strike again in August.
from BBC News - Business https://ift.tt/XwxFC...
Pay: Firms fight back with counteroffers to keep staff
A survey finds companies are willing to match or better new job offers but risk fuelling inflation.
from BBC News - Business https://ift.tt/F2g6i...
Frome declares housing crisis as rents soar out of reach
People in a popular Somerset town are trying to draw attention to a shortage of affordable housing.
from BBC News - Business https://ift.tt/q3Eeb...
Sunday, August 13, 2023
L’Occitane shares jump as controlling shareholder mulls buyout
The company has said its controlling shareholder is contemplating a potential deal to take it private.
from BBC News - Business https://ift.tt/T2lWL...
Zuckerberg says Musk 'not serious' about cage fight
Doubt hangs over the billionaires' fight plans, but Musk suggests he is open to a bout on Monday.
from BBC News - Business https://ift.tt/X4ATm...
Pub takeaway drinks rules to be continued
Landlords in England and Wales will be able to continue selling takeaway drinks through hatches under Covid-era rules.
from BBC News - Business https://ift.tt/TYvx8...
Why US tech giants are threatening to quit the UK
Some tech giants feel they might have reached a "tipping point" due to new legislation.
from BBC News - Business https://ift.tt/tEW96...
Fake meat: As Beyond Meat sales fall, have we had our fill?
Fast food supplier Beyond Meat has seen its sales fall - but is it cost, taste or nutrition that is putting people off?
from BBC News - Business https://ift.tt/S3PQH...
Saturday, August 12, 2023
Amazon releases some seller funds after complaints
Amazon withheld some seller takings temporarily but is releasing them after some businesses came close to collapse.
from BBC News - Business https://ift.tt/Cb84d...
Friday, August 11, 2023
Amazon asked by minister to justify temporarily withholding sellers' funds
The government told Amazon UK to explain how it intends to help sellers whose money it is withholding.
from BBC News - Business https://ift.tt/gWStq...
What are apprenticeships and how do I choose a good one?
Going to school, college or university five days a week is not the only way to get a qualification.
from BBC News - Business https://ift.tt/m1arZ...
Italy could host Musk v Zuckerberg cage fight
The culture minister says he has spoken to the X boss about hosting the showdown as a charity event.
from BBC News - Business https://ift.tt/OJt4G...
What's next for Wilko and its 12,500 workers?
The retailer is in administration but that doesn't necessarily mean it will disappear from the High Street.
from BBC News - Business https://ift.tt/jXkwV...
Robotaxi expansion gets green light in San Francisco
Companies hailed the moment as a milestone for the driverless car industry, despite safety concerns.
from BBC News - Business https://ift.tt/xHQoV...
Canary Wharf looks to diversify as banks move out
The area has the highest office vacancy rate since 2005 so is looking towards science and housing.
from BBC News - Business https://ift.tt/QEPYk...
Thursday, August 10, 2023
Is AI a threat to the world of fabric design?
You can now ask an artificial intelligence system to design you a fabric pattern and get it printed.
from BBC News - Business https://ift.tt/CoGhI...
Yandex founder slams Russia's 'barbaric' war in Ukraine
Arkady Volozh, the ex-boss of Russia's tech giant, has previously faced criticism for not speaking out.
from BBC News - Business https://ift.tt/aom8F...
Wegovy weight-loss drugmaker sees profits soar
Danish drugmaker Novo Nordisk said it was seeing "more patients than ever before".
from BBC News - Business https://ift.tt/28YAJ...
First businesses move into Liverpool's £1 shops scheme
A row of Liverpool shops once earmarked for demolition are rented out for £1 to boost the area.
from BBC News - Business https://ift.tt/fFZ6o...
Booking.com: Accommodation hosts go unpaid by travel firm
Mark Winship says he has not been paid since June and is owed about £50,000 by the travel firm.
from BBC News - Business https://ift.tt/ob8Dm...
Wednesday, August 9, 2023
Disney to expand ads on streaming as business flags
Disney is hurting in its home market, where streaming subscriptions slipped and park attendance flagged.
from BBC News - Business https://ift.tt/XCia0...
US to bar and screen some tech investments in China
The move gives the government new oversight over foreign dealings by private firms.
from BBC News - Business https://ift.tt/nHYfa...
How safe is my data after a hack or leak?
With various instances of private data being accessed, what can you do to keep your info secure?
from BBC News - Business https://ift.tt/M1ibc...
Italy waters down windfall tax on banks
The announcement prompted a rebound in the share prices of Italy's lenders.
from BBC News - Business https://ift.tt/bBnks...
Struggling Wilko suspends home delivery orders
The High Street retailer faces collapse if it cannot secure fresh investment by next week.
from BBC News - Business https://ift.tt/oexHy...
This Morning: ITV employees allege toxic culture following Schofield exit
The House of Commons media committee says there are claims of harassment, bullying and discrimination.
from BBC News - Business https://ift.tt/C6Tah...
Tuesday, August 8, 2023
UPS driver pay and benefits deal in US to be worth $170,000 a year, firm says
The shipping giant warns of lower profits after it agreed a deal to avert a US drivers' strike.
from BBC News - Business https://ift.tt/uHf4R...
Italian banks hit with surprise windfall tax
The potential one-off tax on the profits banks earn from higher interest rates has seen shares plummet.
from BBC News - Business https://ift.tt/ifLVb...
Zoom denies training AI on calls without consent
The company updates its terms of service after a backlash from worried users.
from BBC News - Business https://ift.tt/fij25...
Lithium firm secures initial £53m from investors
The government says the funding will support "the UK’s critical minerals supply chain".
from BBC News - Business https://ift.tt/a4oyM...
Premium Bonds: Chances rise of winning leading prizes
National Savings and Investments is the latest provider to make savings deals more attractive.
from BBC News - Business https://ift.tt/iC2UJ...
China exports see biggest drop for three years
Global demand for Chinese goods has fallen as the cost of living and rising interest rates bite.
from BBC News - Business https://ift.tt/751oR...
Monday, August 7, 2023
Cost of living: Beyond Meat hit as shoppers shift to cheaper animal protein
The firm's sales fell 30.5% as the rising cost of living pushed shoppers to buy cheaper animal protein.
from BBC News - Business https://ift.tt/0EYxW...
Simon & Schuster: Publisher to be sold for $1.6bn
Finding a buyer has been a lengthy saga for the owner of the publisher, Paramount Global.
from BBC News - Business https://ift.tt/gjEkQ...
Higher food prices may be here to stay, says Bank economist
Chief economist Huw Pill has warned that food prices may never return to levels previously seen.
from BBC News - Business https://ift.tt/b2qMv...
Britishvolt buyer hasn't made final payment, administrators say
A deal to buy the failed battery firm now looks uncertain after the final payment was missed.
from BBC News - Business https://ift.tt/sISfY...
Zoom orders workers back to the office
The company says staff living near offices should work in person at least twice a week.
from BBC News - Business https://ift.tt/2D0le...
Sunday, August 6, 2023
HSBC executive sorry for saying UK 'weak' over China
Sir Sherard Cowper-Coles' comments come as US-China ties have become increasingly tense in recent years.
from BBC News - Business https://ift.tt/APzDl...
Devastating wildfires spur new detection systems
Firms are using AI, drones and satellite tech to help detect and suppress wildfires.
from BBC News - Business https://ift.tt/9ilHI...
Starbucks Vietnam: Why the US chain cannot crack a coffee-loving nation
The verdict is clear: Vietnamese people love coffee, but they don’t really seem to like Starbucks.
from BBC News - Business https://ift.tt/DyEPY...
Fines hiked for firms employing illegal migrants
Companies who repeatedly employ illegal migrants face fines up to £60,000 per breach under new rules.
from BBC News - Business https://ift.tt/wZfaq...
Barbie film hits $1bn mark at global box office
The pink-hued film has drawn in $1.03bn around the world, according to distributor Warner Bros.
from BBC News - Business https://ift.tt/UsA0h...
Virgin Atlantic pilots consider strike over fatigue
Members of the Balpa union have "serious concerns" over schedules put in place during Covid.
from BBC News - Business https://ift.tt/WTuBC...
Clintons set to close around a fifth of its shops
The greeting cards firm is reportedly facing financial difficulties and its third rescue since 2012.
from BBC News - Business https://ift.tt/suGLt...
Elon Musk says X will fund legal bills if users treated unfairly by bosses
Elon Musk says X will support those treated "unfairly" by bosses due to behaviour on Twitter - now X.
from BBC News - Business https://ift.tt/tLD6u...
Saturday, August 5, 2023
Inflation: Should we trust the Bank of England's forecasts?
The Bank of England says inflation could fall to around 5% by Christmas - how reliable is that?
from BBC News - Business https://ift.tt/zDmME...
Friday, August 4, 2023
Travel disruption set to worsen with climate change, warns government adviser
The UK must invest in rail and road networks or accept more extreme weather disruption, a government advisor says.
from BBC News - Business https://ift.tt/KxG6J...
US jobs market holds steady despite rate rises
Employers added 187,000 jobs in July and the unemployment rate was 3.5%.
from BBC News - Business https://ift.tt/WRQUn...
Jeremy Hunt asks regulator to examine extent of debanking
Chancellor asks watchdog to speed up probe into whether bank accounts are being closed for political views.
from BBC News - Business https://ift.tt/ID2gv...
Thursday, August 3, 2023
What has gone wrong at Wilko?
The discount retailer was founded in 1930 but has faced a raft of problems in recent years.
from BBC News - Business https://ift.tt/3pglH...
Amazon online sales improve despite economy fears
The firm said more efficient deliveries helped boost sales and profits in the three months to June.
from BBC News - Business https://ift.tt/u6tJr...
Bud Light boycott over trans influencer Dylan Mulvaney hits beer giant's sales
But performance by parent company AB/Inbev holds up better than expected.
from BBC News - Business https://ift.tt/lmeh8...
Rosebank: MPs and peers urge Grant Shapps to block new oil field
Fifty MPs and peers from all major parties write to the energy secretary to demand a rethink.
from BBC News - Business https://ift.tt/v78Fn...
UK interest rates to stay higher for longer, Bank of England says
The Bank of England's comments come as it announces another rise in rates to 5.25% from 5%.
from BBC News - Business https://ift.tt/yZm1K...
Wilko homeware chain on brink of collapse
The retailer says it is facing collapse because of mounting cost pressures at its 400 UK stores.
from BBC News - Business https://ift.tt/vGRdm...
Post-Brexit import checks on food delayed again
Concerns over impact on prices has led to another delay on checks for food coming in from the EU.
from BBC News - Business https://ift.tt/euJEi...
John Lewis: Staff wearing bodycams to tackle shoplifting rise
Reports of shoplifting and abuse of retail staff have both risen significantly in the past year.
from BBC News - Business https://ift.tt/aOGLS...
Wednesday, August 2, 2023
UK interest rates expected to rise for 14th time in a row
The Bank of England is widely expected to raise rates as it battles to slow soaring prices.
from BBC News - Business https://ift.tt/yZm1K...
Interest rates: How a rise affects you and your money
The Bank of England is widely expected to raise interest rates again on Thursday.
from BBC News - Business https://ift.tt/KFSLt...
Record wet weather drives shoppers away from High Street
The number of people heading out to the shops fell for the first July in 14 years, new data suggests.
from BBC News - Business https://ift.tt/D3TIW...
Janet Yellen: Credit downgrade 'puzzling' and 'unwarranted'
Janet Yellen defends the US, as stock markets fall after credit downgrade.
from BBC News - Business https://ift.tt/5Cz0I...
Toymaker Mattel promotes 'chief Uno player' job
The successful applicant could get paid more than $17,000 for four weeks of work in New York.
from BBC News - Business https://ift.tt/6jitI...
Ministers to speed up delivery of new power lines for clean energy
Grant Shapps is set to unveil plans to build more pylons and power lines for clean energy.
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Tuesday, August 1, 2023
CEO Secrets: 'We hand-ice millions of biscuits'
Biscuiteers co-founder Harriet Hastings shares her business advice for our CEO Secrets series.
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Fitch downgrades US credit rating from AAA to AA+
The rating agency Fitch says it expects a deterioration in the government's finances over three years.
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Uber aims to be wider travel app as it turns first profit
The company has expanded its UK app to include planes, as it reports its first-ever operating profit.
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Rishi Sunak heckled by angry publican over alcohol tax
The prime minister was challenged about changes that will see alcohol duty rise overall.
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MrBeast sues fast food company over 'revolting' burger
MrBeast is the most popular YouTuber in the world, with more than 172 million subscribers.
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UK to keep EU safety mark in post-Brexit climbdown
It means goods sold in Great Britain will not have to apply the new UK-only product safety mark.
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Elon Musk to be billed for unauthorised flashing X sign
X, formerly known as Twitter, has had to remove the sign on its HQ and will have to pay associated costs.
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