Kim Innes founded Humble Crumble, a crumble bakery that’s sold more than half a million sweet treats.
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Tuesday, October 31, 2023
Sam Bankman-Fried pressed in court over past comments
As inconsistencies were put to him, the former crypto boss often told the court "I don't recall" .
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Carlsberg cuts ties with 'stolen' Russian business
The Danish brewer says it refused to enter into negotiations after its Russian business was seized.
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Plans to close rail ticket offices in England scrapped
Transport Secretary Mark Harper says the proposals did not meet "high thresholds" set by government.
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Monday, October 30, 2023
New licences granted for North Sea oil and gas projects
The UK government has granted 27 new oil and gas licences for projects in the North Sea.
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Big banks accused of doing little for savers
Returns have improved, but a group of MPs says big banks are doing "as little as they can" for savers.
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US announces 'strongest global action yet' on AI safety
The measures have been issued less than 48 hours before the UK hosts an AI safety summit.
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Crewe: What will happen now HS2 is cancelled?
Millions were spent on preparing Crewe for the arrival of HS2 so what will happen to the town now?
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Sunday, October 29, 2023
Fewer trains to run from London to Manchester
Avanti is to run a reduced service between London to Manchester on Saturdays until the end of the year.
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Sale of NHS data up to government, says tech boss
The head of Palantir, which is in the running for an NHS contract, says it would not have access to data.
from BBC News - Business https://ift.tt/oEs58...
UAW strike: Stellantis and union agree pay rise in tentative deal
Stellantis becomes the second US car giant to strike a tentative deal with the United Auto Workers union.
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Friday, October 27, 2023
Short selling: Don’t be the 'Dumb Money'
Short selling can be risky, but more and more amateur investors are taking it up.
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Shared appreciation mortgages: The 1990s deals that became a nightmare
Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.
from BBC News - Business https://ift.tt/TIBKS...
FTX: 'Crypto King' admits people got hurt as speaks out in trial
Former crypto boss Sam Bankman-Fried testifies in his fraud trial in New York.
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Russia hikes interest rates to 15% as inflation soars
The Bank of Russia raises rates more than expected to try to lower inflation and boost the rouble.
from BBC News - Business https://ift.tt/OMtXE...
Thursday, October 26, 2023
Rishi Sunak says AI has threats and risks - but outlines its potential
Rishi Sunak warns AI could help terrorists spread fear but urges the public not to lose sleep.
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Eurovision Song Contest gave Liverpool £55m 'shot in the arm', mayor says
More than 300,000 people attended song contest-related events in the city in May, the council says.
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Wednesday, October 25, 2023
Watchdog: Ex-NatWest boss breached Nigel Farage's privacy
Former Natwest boss Alison Rose should not have shared information on Nigel Farage, watchdog says.
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Carnival cruise firm pays thousands over Covid 'negligence'
An Australian judge orders Carnival to pay medical bills of passenger who caught Covid on board one of its ships.
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FTX: 'King of Crypto' to testify in fraud case
Former crypto boss Sam Bankman-Fried has decided to speak in his own defence, his legal team says.
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Spider-Man 2 fastest-selling game made by PlayStation
The PlayStation 5 exclusive sold more than 2.5 million copies in its first 24 hours.
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Tuesday, October 24, 2023
States accuse Instagram of hurting mental health
Meta, the parent company of Instagram and Facebook, is facing legal action from dozens of US states.
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Car workers strike costing GM $200m a week
The UAW action over pay and benefits is now in its sixth week and involves more than 40,000 people.
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Cap on bankers' bonuses to be scrapped
The plan is part of a post-Brexit shake-up of City rules, the regulators have confirmed.
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Next Mission: Impossible film delayed by a year by US actors' strike
The eighth movie in the hit Tom Cruise franchise won't now be released until May 2025.
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Monday, October 23, 2023
Shared appreciation mortgages: The 1990s deals that became a nightmare
Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.
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Railway ticket office closure plans go too far, too fast, say MPs
The plans risk excluding some passengers from the railway, warns a committee of MPs.
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Labour more ambitious for Tata Steel - Sir Keir Starmer
UK Labour leader says he wants to preserve jobs, amid looming cuts to Port Talbot steelworks.
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Tsingtao: Video shows Chinese beer worker urinating into tank
Tsingtao has alerted Chinese police after a video shows a worker urinating into a tank.
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Tax cuts will be considered if inflation falls, cabinet minister says
Robert Jenrick says PM Rishi Sunak has the "right priorities" despite his party's by-election losses.
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Sunday, October 22, 2023
Does the paper industry need to cut its water usage?
Firms in the sector are using new technologies to reduce the amount of water they require.
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Foxconn: iPhone-maker investigated by Chinese authorities
Chinese state media reports some of the Taiwan-based firm's mainland operations are being investigated.
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Autumn statement: Government considers help for first-time buyers
The Treasury is understood to be considering extending a low deposit mortgage scheme for a year.
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Saturday, October 21, 2023
'My business had £1.6m stolen in 20 minutes'
An employee at Steve Wright's firm was tricked into giving thieves access to the company account.
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Friday, October 20, 2023
Moody's boosts view of UK after mini-Budget chaos
Ratings agency says "predictability has been restored" following last year's mini-Budget.
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Thursday, October 19, 2023
Amazon, Expedia and Trustpilot unite to fight fake reviews
Major online firms will work together to fight fake reviews and share best practice.
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TransPennine Express announces service cuts to boost punctuality
The train firm's boss says the temporary reduction will help "fix the business in the long term".
from BBC News - Business https://ift.tt/c4v0n...
Welsh Water admits illegally spilling sewage for years
The company released untreated sewage at dozens of sites, including near a bottlenose dolphin habitat.
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Irish baby milk factory to close as China birth rate drops
The closure of the plant in Askeaton, County Limerick, will mean more than 500 job losses.
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Wednesday, October 18, 2023
Energy firms ordered to contact struggling customers
The boss of the energy regulator says suppliers must do more to prioritise vulnerable customers.
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Face search company Clearview AI overturns UK privacy fine
Controversial firm, which acts as a search engine for faces, wins appeal against a watchdog.
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Sky Bet tweet featuring Gary Neville banned over gambling ad rules
The advertising authority in the UK says the retired footballer has "strong appeal" for under-18s.
from BBC News - Business https://ift.tt/5JqS4...
Is the UK doing enough to monitor air pollution?
There are now 555 air quality monitors across the country, but some say they aren't good enough.
from BBC News - Business https://ift.tt/zleSE...
Tuesday, October 17, 2023
Gambling levy could raise £100m for NHS treatment
The UK government is proposing gambling companies contribute 1% a year of what they make.
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HS2: Labour criticises 'back of fag packet' transport plan
The party says the government's alternative plans after scrapping the northern leg of HS2 are an "insult".
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Monday, October 16, 2023
LinkedIn: Microsoft says 668 more jobs to go
The company, which is owned my Microsoft, is cutting about 3% of its workforce.
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Minecraft becomes first video game to hit 300m sales
The Lego-like block-building game cements its position as the best-selling video game of all time.
from BBC News - Business https://ift.tt/GpyNB...
Ten former Tuffnells depots reopen after rescue deal
A total of 12 former Tuffnells delivery depots are back up and running.
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Sunday, October 15, 2023
Australia fines X for failing to crack down on child abuse content
It comes as X's owner Elon Musk had earlier called child safety his number one priority.
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Charities 'concerned' over lack of progress with Renters Reform Bill
Thirty charities have warned Rishi Sunak not to abandon the bill banning no-fault evictions.
from BBC News - Business https://ift.tt/NWLyH...
TikTok says action taken on Israel conflict videos
The social media firm lists what it is doing to tackle misinformation after a warning by the EU.
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Electric cars drive UK MG sales to more than £1bn
The car maker, owned by a Chinese state-controlled company, says it is in a "very strong position".
from BBC News - Business https://ift.tt/kW1qV...
Manchester United: Qatar's Sheikh Jassim withdraws from process to buy club
Qatari banker Sheikh Jassim bin Hamad Al Thani withdraws from the process to buy Manchester United.
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Saturday, October 14, 2023
What does TikTok's EGX sponsorship mean for the games industry?
The app's hoping to take on Twitch and YouTube to become the main stop for online video games content.
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Friday, October 13, 2023
Microsoft Activision: What does deal mean for gamers?
Call of Duty might be an Xbox exclusive one day, but not for at least 15 years.
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Bank boss warns world facing 'most dangerous time in decades'
Jamie Dimon says conflicts in Ukraine and Israel may hit energy and food markets, and global trade.
from BBC News - Business https://ift.tt/vqXpe...
Next confirms takeover of Fatface in £115m deal
The retailer has added the clothing chain to the growing list of High Street names it has bought.
from BBC News - Business https://ift.tt/wobRs...
UK probes using frozen Russian assets for Ukraine defence
Chancellor Jeremy Hunt says "we need to do everything we can" to disrupt Russia's ability to fund the war.
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Call of Duty maker to be bought by Microsoft
The takeover, the biggest of its kind in the history of gaming, has been approved by UK regulators.
from BBC News - Business https://ift.tt/OKLMH...
Thursday, October 12, 2023
EU opens investigation into X over alleged disinformation
X, formerly Twitter, is being investigated over the possible spread of terrorist and violent content.
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King Charles III new coin designs revealed
The entire set of circulating coins have been given a makeover to mark the new monarch and the natural world.
from BBC News - Business https://ift.tt/pb5tR...
X claims it is erasing 'illegal' Hamas content after EU ultimatum
The EU gave the former Twitter 24 hours to respond to an order to clean up "disinformation".
from BBC News - Business https://ift.tt/9ImsZ...
US inflation: Higher fuel costs keep driving consumer prices
Consumer prices rose 3.7% over the 12 months to September, the Labor Department says.
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Tourists spending thousands to get out of Israel
Some travellers are paying vast amounts for flights that end up being cancelled as they try to leave the country.
from BBC News - Business https://ift.tt/cLwC1...
Wednesday, October 11, 2023
UAW auto strike: 8,700 Ford workers in Kentucky down tools
The move is a sharp escalation of the union's ongoing strike against Ford, General Motors and Stellantis.
from BBC News - Business https://ift.tt/5zrs0...
Schools and NHS caterers ‘must stop’ antibiotic overuse
Health and animal welfare campaigners say the overuse of antibiotics by UK farmers should be banned.
from BBC News - Business https://ift.tt/s2LAf...
Nearly half a billion small tech items thrown away
Electrical items such as vapes, fans, cables and USB sticks can all be recycled
from BBC News - Business https://ift.tt/kNZbn...
Safe Hands: Fraud inquiry launched into collapsed funeral firm
Safe Hands went into administration last year with thousands of people likely to lose money they set aside.
from BBC News - Business https://ift.tt/ndgwC...
Jewish parents told to delete social media apps
Some schools have suggested parents delete apps such as TikTok and Instagram due to the violent content circulating.
from BBC News - Business https://ift.tt/Khrub...
Next set to buy rival brand Fat Face in latest High Street buy
High Street chain Next is understood to be close to buying rival fashion chain Fat Face.
from BBC News - Business https://ift.tt/3LM1k...
Tuesday, October 10, 2023
Clubs promoting NFTs pose 'risk' to fans, MPs warn
A committee of MPs say artists and sport clubs' reputations are at risk if they promote NFTs.
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Amazon staff in Coventry to strike on Black Friday in pay row
The union says action may involve more than 1,000 workers, a day after Amazon offers hourly pay rises.
from BBC News - Business https://ift.tt/sfrJK...
Sam Bankman-Fried to face ex-girlfriend Caroline Ellison in court
The testimony of his former partner, who was head of Alameda Research, has been much anticipated.
from BBC News - Business https://ift.tt/ZbnHV...
Irish budget: €100bn wealth fund to be set up by mid-2030s
Ireland's finance minister says the fund will be set up using the corporation tax windfall.
from BBC News - Business https://ift.tt/o5z2A...
Warm weather delays early Christmas food sales
The unusually mild weather has led to fewer people buying Christmas puddings and seasonal biscuits.
from BBC News - Business https://ift.tt/jmZxG...
Technology festival's sock that detect Alzheimer's signs
The socks, which can detect the early signs of the condition, are among innovations on show in Bristol.
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IMF says UK faces five more years of high interest rates
The UK is expected to have the highest inflation of the US, France, Germany, Canada, Italy and Japan.
from BBC News - Business https://ift.tt/MZPjK...
Metro Bank has a limited future, claims co-founder
Anthony Thomson says the bank's strategy of continuing to focus on High Street branches is "flawed".
from BBC News - Business https://ift.tt/PYep9...
Monday, October 9, 2023
'I pawned my wedding rings for £200 to pay my bills'
The use of pawnbrokers went up by 25% in a year during the cost of living crisis, figures suggest.
from BBC News - Business https://ift.tt/EpVM9...
The hunt for a new way to tackle clothing waste
Scientists in the US are trying to find enzymes or bacteria that will decompose manmade fibres.
from BBC News - Business https://ift.tt/eDlw7...
Nobel economics prize awarded to Claudia Goldin for work on gender pay gap
American Claudia Goldin is only the third woman to receive the prestigious economics prize.
from BBC News - Business https://ift.tt/KawBm...
My landlord wanted to put the rent up 35% despite cap
Catherine Sheldon says she is now having to leave the property, with nowhere else to go that she can afford.
from BBC News - Business https://ift.tt/8ouPG...
Sunday, October 8, 2023
Oil prices rally on fear of Middle East supply disruptions
West Texas Intermediate and Brent crude prices jumped by 4% in Asian trading.
from BBC News - Business https://ift.tt/1hwL2...
Labour's Rachel Reeves to set out plan to recover Covid fraud billions
An anti-corruption commissioner would target £7.2bn lost to fraud, the shadow chancellor will say.
from BBC News - Business https://ift.tt/FXb7M...
Nevada lithium mine leads to 'green colonialism' accusations
The rush to mine lithium for car batteries is dividing environmental and native American communities.
from BBC News - Business https://ift.tt/7hOpM...
Saturday, October 7, 2023
Wilko: End of a fabulous ride for shop that sold it all
Workers and shoppers tell us what they'll miss about the brand as the final stores close.
from BBC News - Business https://ift.tt/efxEt...
Friday, October 6, 2023
Energy firms holding £8.1bn of customers' money
A father-of-three reveals that it took six weeks to have £800 refunded by his energy supplier.
from BBC News - Business https://ift.tt/CeI29...
US jobs growth much faster than expected
The number of jobs added to the US economy last month was almost double the amount forecast.
from BBC News - Business https://ift.tt/MdYyo...
What's going on at Metro Bank?
Bosses say there are no concerns about its finances after reports it was looking to raise millions.
from BBC News - Business https://ift.tt/XZo2l...
Evergrande: The rise and fall of the property giant's billionaire founder
Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.
from BBC News - Business https://ift.tt/tjELC...
How Ghana's central bank lost $5bn in one year
The country's economic crisis has sparked protests and led to calls for the bank's boss to resign.
from BBC News - Business https://ift.tt/FJbk9...
Thursday, October 5, 2023
Taylor Swift tour film tops $100m in advance ticket sales
The film of the Eras tour is due to be released in cinemas in more than 100 countries next Friday.
from BBC News - Business https://ift.tt/9tnZl...
HS2: Government 'misleading' people over Leamside line reopening
References to the restoration of a mothballed line are dropped 24 hours after its announcement.
from BBC News - Business https://ift.tt/5ao9F...
South East water firms have highest complaint rates - report
Southern Water is the most complained about provider in the country, with Thames Water second.
from BBC News - Business https://ift.tt/Rz92t...
Electric car sales to private buyers fall sharply
No incentives for consumers to buy electric has affected sales, but overall the car market is growing.
from BBC News - Business https://ift.tt/9pnaM...
Metro Bank shares plunge on reports of urgent fund raising
The bank's shares plunged 23% in early trading, after several newspapers reported it needed to raise £600m.
from BBC News - Business https://ift.tt/KPpfA...
Amazon and Microsoft to face cloud computing competition probe
The competition watchdog is investigating the tech giants' cloud computing dominance.
from BBC News - Business https://ift.tt/ocJPY...
Wednesday, October 4, 2023
Why a certificate to own a car in Singapore now costs $106,000
The city-state introduced a 10-year certificate of entitlement system in 1990 as an anti-congestion measure.
from BBC News - Business https://ift.tt/h7oeJ...
Renting: Average home now has 25 tenants wanting to view
When a property goes up for rent there are typically 25 people competing for a viewing, Rightmove says.
from BBC News - Business https://ift.tt/Ebmwg...
HS2: Why Rishi Sunak's big gamble may not pay off
Rishi Sunak is taking an economic risk by spending money on everyday transport upgrades instead of a grand project.
from BBC News - Business https://ift.tt/w9qFe...
HS2 scaled back as Rishi Sunak makes new transport pledges
It comes after the section of the HS2 high-speed train line between Birmingham and Manchester was scrapped.
from BBC News - Business https://ift.tt/8NgIK...
MrBeast and BBC stars used in deepfake scam videos
Fraudsters have manipulated images of the popular YouTuber and two journalists to dupe viewers.
from BBC News - Business https://ift.tt/zbRYx...
Tuesday, October 3, 2023
US sanctions Chinese firms in crackdown on fentanyl supply chain
The move is part of efforts to target the supply chain of the drug amid the opioid crisis in the US.
from BBC News - Business https://ift.tt/xd07j...
Cost of national debt hits 20-year high
The interest rate on government debt has hit a 20-year high, leaving little room for tax-cuts.
from BBC News - Business https://ift.tt/MTIxu...
Sam Bankman-Fried: Trial of 'Crypto King' begins
The former crypto billionaire is accused of "one of the biggest financial frauds in US history".
from BBC News - Business https://ift.tt/CouOE...
Tube strikes: London Underground walkouts called off
The London Underground walkouts scheduled for 4 and 6 October will no longer go ahead.
from BBC News - Business https://ift.tt/AmgU7...
Boohoo slashes sales forecast as shoppers cut back
The fast fashion firm plans to make big cost savings after predicting a big fall in sales.
from BBC News - Business https://ift.tt/zlrvN...
TikTok testing out advert-free monthly subscription
The video sharing site is looking into charging a fee of around $4.99 to get rid of ads.
from BBC News - Business https://ift.tt/UNsBH...
Abercrombie & Fitch launches investigation into ex-CEO sexual misconduct claims
It comes after a BBC investigation reported allegations that Mike Jeffries exploited men for sex at events he hosted.
from BBC News - Business https://ift.tt/3kW20...
Easy life: Band says easyJet owner suing over name
Easy life says they are "certain" it has never affected the easyGroup's business.
from BBC News - Business https://ift.tt/poKat...
Monday, October 2, 2023
Evergrande: Shares in crisis-hit property giant jump in market return
The embattled Chinese property giant's shares were suspended from trading on Thursday.
from BBC News - Business https://ift.tt/GWa20...
Ukraine war: Burger King still open in Russia despite pledge to exit
The owner of the fast-food brand says there are "no new updates" on its pledge to leave Russia.
from BBC News - Business https://ift.tt/4unYS...
Food prices see first fall for two years as stores compete
Competition among supermarkets led to the first monthly drop in food prices since 2021, an industry body says.
from BBC News - Business https://ift.tt/sw5NE...
Oil cartel leader warns of prolonged high prices
The Secretary General says further investment in oil is needed to meet rising global energy demand.
from BBC News - Business https://ift.tt/TetZz...
Defiant Trump turns up at $250m New York fraud trial to blast 'scam'
The ex-president lambasts a case that could see him lose control of Trump Tower and other properties.
from BBC News - Business https://ift.tt/GNkPI...
The people going 'monk mode' to limit social media use
A growing number of individuals are using apps to block access to social media and the internet.
from BBC News - Business https://ift.tt/pYFCq...
House buyers look to adapt to higher mortgage rates
House prices fall but some young buyers are considering smaller homes and longer-term loans, surveys suggest.
from BBC News - Business https://ift.tt/tJPTS...
China Belt and Road: Indonesia opens Whoosh high-speed railway
The project under Belt and Road links the capital Jakarta with the economic hub of Bandung.
from BBC News - Business https://ift.tt/ANC2n...
Sunday, October 1, 2023
Jeremy Hunt to confirm national living wage to rise to £11 an hour
The move will affect two million of the lowest-paid workers, the chancellor will tell the Tory conference.
from BBC News - Business https://ift.tt/3jyfQ...
Golden Week: China's economic woes fail to dampen holiday fever
But a sluggish economy forces young Chinese to travel cheaply for this year's holiday.
from BBC News - Business https://ift.tt/vLaDG...
Aukus: UK defence giant BAE Systems wins £3.95bn submarine contract
The deal will provide decades of work at BAE Systems' shipyard in Barrow-in-Furness, Cumbria.
from BBC News - Business https://ift.tt/xgATB...
First class stamp price rises to £1.25
The price rise comes as Royal Mail seeks to cover higher delivery costs while letter numbers fall.
from BBC News - Business https://ift.tt/TV9hc...
Rishi Sunak refuses to commit to pre-election tax cuts
The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.
from BBC News - Business https://ift.tt/yZhgf...
HS2: Rishi Sunak refuses to commit to Manchester link
The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.
from BBC News - Business https://ift.tt/mW09Z...
Iceland boss quits Tories labelling party 'out of touch'
Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.
from BBC News - Business https://ift.tt/duHNf...
