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Tuesday, October 31, 2023

CEO Secrets: ‘Pumpkins saved my business but almost squashed me’

Kim Innes founded Humble Crumble, a crumble bakery that’s sold more than half a million sweet treats.

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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.

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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.

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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.

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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".

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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.

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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.

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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.

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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.

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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".

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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.

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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.

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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.

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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.

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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".

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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.

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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.

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Schools and NHS caterers ‘must stop’ antibiotic overuse

Health and animal welfare campaigners say the overuse of antibiotics by UK farmers should be banned.

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Nearly half a billion small tech items thrown away

Electrical items such as vapes, fans, cables and USB sticks can all be recycled

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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.

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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.

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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.

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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.

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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.

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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.

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Warm weather delays early Christmas food sales

The unusually mild weather has led to fewer people buying Christmas puddings and seasonal biscuits.

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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.

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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".

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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.

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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.

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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.

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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.

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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.

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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.

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Nevada lithium mine leads to 'green colonialism' accusations

The rush to mine lithium for car batteries is dividing environmental and native American communities.

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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.

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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.

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US jobs growth much faster than expected

The number of jobs added to the US economy last month was almost double the amount forecast.

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What's going on at Metro Bank?

Bosses say there are no concerns about its finances after reports it was looking to raise millions.

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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.

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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.

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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.

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HS2: Government 'misleading' people over Leamside line reopening

References to the restoration of a mothballed line are dropped 24 hours after its announcement.

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South East water firms have highest complaint rates - report

Southern Water is the most complained about provider in the country, with Thames Water second.

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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.

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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.

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Amazon and Microsoft to face cloud computing competition probe

The competition watchdog is investigating the tech giants' cloud computing dominance.

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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.

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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.

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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.

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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.

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MrBeast and BBC stars used in deepfake scam videos

Fraudsters have manipulated images of the popular YouTuber and two journalists to dupe viewers.

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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.

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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.

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Sam Bankman-Fried: Trial of 'Crypto King' begins

The former crypto billionaire is accused of "one of the biggest financial frauds in US history".

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Tube strikes: London Underground walkouts called off

The London Underground walkouts scheduled for 4 and 6 October will no longer go ahead.

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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.

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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.

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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.

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Easy life: Band says easyJet owner suing over name

Easy life says they are "certain" it has never affected the easyGroup's business.

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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.

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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.

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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.

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Oil cartel leader warns of prolonged high prices

The Secretary General says further investment in oil is needed to meet rising global energy demand.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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N Korea hackers stole $1.3bn of crypto this year - report

Some incidents may be linked to North Korean IT workers infiltrating tech firms, according to research firm Chainalysis. from BBC News htt...