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Thursday, August 31, 2023

Ukraine war: UK defence giant BAE Systems sets up local base

The firm says the move may allow it ultimately to produce light artillery inside Ukraine.

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Storm power cuts: Maximum compensation nearly triples to £2,000

The energy watchdog has hiked the amount households and businesses can receive from £700 to £2,000.

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Train strikes: When is the next action happening?

Members of the RMT rail workers' union and Aslef train drivers' union are set to strike again.

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Wednesday, August 30, 2023

How long until a robot is doing your chores?

Advances in AI are accelerating the development of humanoid robots.

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M&S returns to FTSE 100 on food and clothes boost

The retailer returned to the FTSE 100 index of Britain's biggest listed companies on Wednesday.

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Mark Thompson: CNN appoints former BBC director general as chief executive

The British executive must rebuild the US news network after a series of crises and falling ratings.

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Wilko: Warning warehouse staff face redundancy

Job cuts may resume on Thursday if the current bidder does not submit the necessary paperwork in time.

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Families worry over cancelled flight expense costs

Passengers are having to fork out for food, travel and accommodation, but are worried about costs.

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Brexit: EU-derived equal pay protections to be brought back

Women will keep the right to the same pay as men doing similar jobs in what Labour says is a government U-turn.

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Tuesday, August 29, 2023

Burger King faces lawsuit claiming Whopper too small

The fast food giant is accused of making the burger appear larger on menus than it actually is.

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Netflix: Streamers expansion into gaming is 'natural extension'

Streaming hits such as the Queen's Gambit are being adapted as games as the streamer looks to expand.

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Scams impersonating financial regulator double

The Financial Conduct Authority says reports of scammers impersonating it have doubled.

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Network Rail axes bonuses for staff who went on strike

Network Rail has withheld bonuses from union members who took part in strike action during a pay dispute.

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nsRyanair says air traffic failure is not acceptable

Airline boss Michael O'Leary asks why there was no back-up system after glitch causes travel chaos.

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Price rises in shops at lowest for nearly a year

The retail trade body, British Retail Consortium, says price rises are slowing but remain high.

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Monday, August 28, 2023

Toyota halts all Japan assembly plants due to glitch

The world's largest car maker is investigating a system fault but says a cyber attack is unlikely.

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Why empty lorries are a problem and how to fix it

With one third of lorries in the UK driving empty, some hauliers are turning to technology for help.

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What are my rights if my flight is cancelled or delayed?

Technical glitches may cause disruption at airports but passengers do have rights.

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Air traffic control: Airlines warn of flight delays over technical fault

Many Bank Holiday passengers face disruption as they travel on one of the busiest travel days of the year.

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How robotaxis are dividing San Francisco

The city has become the crucible of an experiment - are robotaxis ready for the streets?

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Help to buy homes from 'Bank of Family' rises

The so-called Bank of Mum and Dad has grown, with more than 300,000 home purchases set for 2023.

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Sunday, August 27, 2023

Morley's: The family-run chicken shop with cult status

Founded in 1985, Morley's has featured in music videos and counts the likes of Stormzy as loyal customers.

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Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

The heavily-indebted firm's shares had been suspended from trading in Hong Kong since March last year.

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Labour rules out wealth tax if party wins next election

Shadow chancellor Rachel Reeves says extra money for public services must come from economic growth.

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Wilko: New bid emerges for stricken retail chain

A private equity firm makes a £90m bid for the business and pledges to retain all jobs for two years.

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The elusive man at the top of the OnlyFans empire

Leonid Radvinsky, a 41-year-old entrepreneur based in Florida, owns all the shares of the company.

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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.

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Kleenex is pulling out of Canada due to 'unique complexities'

Kimberly-Clark is pulling its consumer facial tissues from Canada, citing “unique complexities".

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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.

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US faces more interest rate rises to cool inflation

Federal Reserve chairman Jerome Powell said the pace of price increases remained "too high".

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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.

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Renters' rights violations to be investigated

The UK's competition authority said some landlords may not be following consumer protection rules.

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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.

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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.

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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.

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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.

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Gas prices fall as fears over Australian strike recede

A strike at a major Australian gas plant had threatened to disrupt global supplies.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Tuesday, August 22, 2023

Boots infant formula adverts broke rules - watchdog

Advertising watchdog found Boots promoted infant milk formula in adverts, which is prohibited.

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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.

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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.

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Wilko shoppers warned to avoid fake websites

Several websites are purporting to offer heavily discounted goods, the firm's administrators warn.

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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.

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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.

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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.

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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.

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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.

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Sunday, August 20, 2023

Pioneering wind-powered cargo ship sets sail

Inventors hope maiden voyage will help usher in new era of greener shipping.

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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.

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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.

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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.

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Waitrose offers police free coffees to deter thieves

Waitrose and John Lewis are offering free hot drinks under the "Thanks a Latte" initiative.

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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

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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.

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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.

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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".

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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How Argentina learned to love the US dollar

Stuffing your greenbacks into the "mattress bank" is a way of life for many Argentines.

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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.

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Monzo on top of banking satisfaction rankings

Although its score has dropped, the challenger bank leads a regulator's banking league table.

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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.

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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.

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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.

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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.

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Train strikes: When is the next action happening?

Members of the RMT rail workers union are set to strike again in August.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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Robotaxi expansion gets green light in San Francisco

Companies hailed the moment as a milestone for the driverless car industry, despite safety concerns.

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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.

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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.

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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.

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Wegovy weight-loss drugmaker sees profits soar

Danish drugmaker Novo Nordisk said it was seeing "more patients than ever before".

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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.

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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.

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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.

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US to bar and screen some tech investments in China

The move gives the government new oversight over foreign dealings by private firms.

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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?

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Italy waters down windfall tax on banks

The announcement prompted a rebound in the share prices of Italy's lenders.

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Struggling Wilko suspends home delivery orders

The High Street retailer faces collapse if it cannot secure fresh investment by next week.

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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.

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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.

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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.

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Zoom denies training AI on calls without consent

The company updates its terms of service after a backlash from worried users.

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Lithium firm secures initial £53m from investors

The government says the funding will support "the UK’s critical minerals supply chain".

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Premium Bonds: Chances rise of winning leading prizes

National Savings and Investments is the latest provider to make savings deals more attractive.

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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.

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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.

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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.

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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.

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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.

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Zoom orders workers back to the office

The company says staff living near offices should work in person at least twice a week.

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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.

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Devastating wildfires spur new detection systems

Firms are using AI, drones and satellite tech to help detect and suppress wildfires.

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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.

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Fines hiked for firms employing illegal migrants

Companies who repeatedly employ illegal migrants face fines up to £60,000 per breach under new rules.

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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.

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Virgin Atlantic pilots consider strike over fatigue

Members of the Balpa union have "serious concerns" over schedules put in place during Covid.

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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.

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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.

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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?

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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.

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US jobs market holds steady despite rate rises

Employers added 187,000 jobs in July and the unemployment rate was 3.5%.

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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.

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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.

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Amazon online sales improve despite economy fears

The firm said more efficient deliveries helped boost sales and profits in the three months to June.

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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.

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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.

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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%.

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Wilko homeware chain on brink of collapse

The retailer says it is facing collapse because of mounting cost pressures at its 400 UK stores.

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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.

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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.

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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.

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Interest rates: How a rise affects you and your money

The Bank of England is widely expected to raise interest rates again on Thursday.

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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.

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Janet Yellen: Credit downgrade 'puzzling' and 'unwarranted'

Janet Yellen defends the US, as stock markets fall after credit downgrade.

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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.

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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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'I'm trapped in a joint mortgage with my abuser'

An abuse survivor describes her ordeal as a charity calls for action to tackle financial abuse. from BBC News https://ift.tt/bWL1OrA