A higher cap for the next three months adds £94 to the typical annual domestic energy bill.
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Sunday, December 31, 2023
US Navy helicopters destroy Houthi boats in Red Sea after attempted hijack
The US military says it was responding to a second attack on the same vessel near Yemen in 24 hours.
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Venice to ban large tourist groups and loudspeakers
The new rules will come into effect in June and are part of an effort to ease the impact of tourism.
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Saturday, December 30, 2023
How will the UK economy compare to other countries in 2024?
After a tough 2023, will things improve for the UK and other economies in the new year?
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Eurostar services to resume after major disruption
Many passengers are still stranded in London and Paris after flooding cancelled all Eurostar trains.
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Friday, December 29, 2023
Tim Martin: Wetherspoon boss knighted in New Year Honours
The pub chain founder and Brexit campaigner is recognised for services to hospitality and culture.
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Argentina pulls out of plans to join Brics bloc
It had been due in a few days to join the grouping, seen as a counterweight to the Western-led world.
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Thursday, December 28, 2023
Boeing urges 737 Max inspections for possible loose bolt
The airplane maker is urging airlines to inspect rudder control systems on the planes.
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Google settles $5bn lawsuit for 'private mode' tracking
Large technology firms have faced increased scrutiny of their practices in the US and beyond.
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Post Office cash withdrawals reach record high before Christmas
More than £62m was withdrawn on the Friday before Christmas according to the Post Office.
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Recycling electrical goods could be done at kerbside and drop-off points in shops
UK households could put old toasters and hairdryers on the kerbside for pick-up under the proposals.
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Wednesday, December 27, 2023
Hapag-Lloyd says Red Sea route still 'too dangerous'
Several major shipping firms are still avoiding the route after attacks related to the Israel-Gaza war.
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Treasury says 2024 Budget to be held on 6 March
The speech could be the government's last opportunity to set out tax changes before the general election.
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Wolfgang Schäuble: Merkel's no-nonsense finance minister dies aged 81
Although never chancellor, Wolfgang Schäuble was one of Germany's most influential politicians.
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Tuesday, December 26, 2023
Apple seeks appeal after US allows smart watch import ban
Imports and sales of Apple's Series 9 and Ultra 2 watches in the US have halted over a patent dispute.
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Boxing Day sales: Shoppers predicted to spend less
About £3.7bn is expected to be spent on Tuesday, research suggests, but that is still down on 2022.
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Daihatsu pauses production over safety scandal
The Japanese carmaker admitted it had falsified safety tests for many of its vehicles.
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Maersk preparing to resume shipping through Red Sea
The announcement follows the deployment of an international military operation to prevent attacks on ships.
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Tanker hit off India coast by drone from Iran, says US
Saturday's attack caused a fire on board the chemical tanker in the Indian Ocean, the US military says.
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Monday, December 25, 2023
House prices to fall and rents to rise in 2024, forecasts suggest
While first-time buyers would welcome price falls, the other costs they face are likely to be higher.
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Sunday, December 24, 2023
Jim Ratcliffe: Who is the man buying Man Utd stake?
One of the UK's richest men, Sir Jim has built a multi-billion pound business by snapping up unloved assets.
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Manchester United: Sir Jim Ratcliffe agrees deal to buy 25% stake for about £1.25bn
British billionaire Sir Jim Ratcliffe agrees a deal to buy a 25% stake in Manchester United from the Glazer family.
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High winds likely to add to Christmas Eve travel disruption
Weather warnings cover parts of the UK, with rail disruption expected from engineering works and staff shortages.
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Saturday, December 23, 2023
Smithfield Market pre-Christmas meat auction returns
The traditional meat market returned on Saturday for the first time since before the Covid pandemic.
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UK travel: Millions take to roads and rail ahead of Christmas
The AA warns of "lengthy jams" on the roads, while many rail services are starting to wind down.
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Friday, December 22, 2023
Tech Trends 2024: AI and electric vehicle deals
From an AI slowdown to humanoid robots doing real work - tech trends to watch out for in 2024.
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Airbus Atlantic: 700 staff sick after Christmas dinner
It is unclear what was on the menu for the festive feast turned nightmare before Christmas.
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Vet prices need to be made clearer, says Which?
The consumer body says it has found evidence of unclear fees and potential overtreatment by vets.
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Rail fares in England to rise by up to 4.9% in March
The rise is below inflation but comes after a year of disruption for passengers.
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Thursday, December 21, 2023
US Steel sale to Nippon must be probed on 'national security' grounds - Biden
Japanese steel giant Nippon this week announced plans to buy US Steel in a deal worth nearly $15bn.
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Eurostar services suspended after strike
The last-minute action by workers on the cross channel rail route is also affecting Eurotunnel passengers.
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UK to sign financial deal with Switzerland
The agreement will make it easier for British and Swiss finance firms to deal with each other.
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Post Office victims compensation cut by half
The firms has now set aside £244m following over estimations on the number of people who might apply.
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Wednesday, December 20, 2023
Starbucks blames 'misrepresentation' after Israel Gaza protests
Facing global boycott calls, boss Laxman Narasimhan says: "I pray for peace - immediately'.
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Public pay must reflect rises, ministers say
Government letters to pay review bodies say pay rises should be reflected when setting pay in 2024
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Why is inflation higher in UK than other countries?
Despite recent falls, prices are still rising faster in Britain than other parts of the world.
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Energy bills predicted to fall in April to £1,660
Analysts at Cornwall Insight say lower wholesale energy prices will reduce bills by £268.
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Tuesday, December 19, 2023
Scottish Budget: Higher earners to pay more income tax
People earning more than £75,000 will pay more tax as part of efforts to plug a £1.5bn funding shortfall.
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What is the impact of the Red Sea attacks?
Global supply chains face severe disruption due to shipping firms diverting away from the Red Sea.
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Superdry profits hit after 'abnormally mild autumn'
The clothing retailer warns of "challenging conditions" which have driven down sales.
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Europe and US extend trade truce over Trump tariffs
The Biden administration pauses levies on EU steel and aluminium until after the US election.
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Monday, December 18, 2023
EU takes action against Elon Musk's X over disinformation
The EU says it is launching "formal enforcement proceedings" against the social media platform.
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Evergreen Line refuses Israeli cargo after Red Sea attacks
Evergreen Line said it will stop ships travelling through the Red Sea immediately.
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Minimum wage rise 'painful', says Hollywood Bowl
The 10-pin bowling operator says the increase in the National Living Wage was an "unexpected hit".
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Sunday, December 17, 2023
Nasdaq on the hunt for more UK firms to list in US
The US stock exchange wants to lure more companies from London to raise investor cash in New York instead.
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The secret sauce for Taiwan's chip superstardom
How an island that exported t-shirts and sugar turned into the world's largest silicon chip factory.
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Network Rail manager for stranded passenger line quits
Passengers were stuck in cold and dark carriages for hours recently after overhead electric cables were damaged.
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Saturday, December 16, 2023
Netflix: What the viewing figures actually tell us about viewing habits
The Night Agent and The Mother were among the streamer's biggest hits in the first half of 2023.
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More big shipping firms stop Red Sea routes after attacks
MSC, the world's largest shipping group, becomes the fourth company to divert ships following attacks.
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Friday, December 15, 2023
Politics not behind Coutts account closures, says review
NatWest commissioned a review after admitting failings in handling Nigel Farage's account.
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Parcel firm Evri admits it has earned its poor reputation
The parcel delivery firm claims deliveries and customer communication has now improved.
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Hinkley C nuclear reactor roof lifted into place
The 245-tonne steel dome is lifted into place at the nuclear power station in Somerset.
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Energy bills could rise by £16 to cover customers' debts
Regulator Ofgem wants households to pay an extra £16 a year as debt levels reached nearly £3bn.
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Thursday, December 14, 2023
Redcar hydrogen trial scrapped by government
Proposed Redcar hydrogen trial is halted because the main source of the gas supply is not available.
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Threads: Meta's rival to Elon Musk's X launches in EU
The platform is released five months after it debuted in the UK, US and other parts of the world.
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'A viral Facebook post nearly blew up our business'
Joanna Jensen, founder of skincare brand Childs Farm, shares advice for start-ups for our CEO Secrets series.
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Wednesday, December 13, 2023
Elon Musk's Tesla recalls two million cars in US over Autopilot defect
It follows investigation into crashes which occurred when firm's Autopilot system was in use.
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Martin Lewis: 'I have dark days mental health wise'
The "Money Saving Expert" says pressure of being a trusted voice on finance is "horrendous".
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Baby formula prices: Soaring costs devastating family finances - survey
Two-thirds of new mothers have been forced into "tough choices" due to 25% price rise, a survey says.
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Tuesday, December 12, 2023
Could there be a gold rush for buried hydrogen?
Many see hydrogen as the green fuel of the future so underground deposits of the gas could be valuable.
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Thames Water says it can't pay back £190m loan
Thames Water boss tells MPs it doesn't have enough money to pay back a loan due in April next year.
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E3: Once world's biggest gaming show permanently axed
The annual video game expo struggled to stay popular after gaming giants launched their own events.
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Zara pulls advert accused of resembling Gaza images
The fashion firm says it regrets any misunderstanding about its advertising campaign.
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Monday, December 11, 2023
Smile Direct Club: Customer 'gutted' over £800 loss
Dentistry trade bodies express "great concern" for patients as Smile Direct Club ceases trading.
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Oxfam workers suspend strike after revised pay offer
Charity shop workers call off four days of walkouts to consider deal, but warn strikes could resume.
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Train ticket websites warned over drip pricing
The rail regulator has written to seven third-party sites over concerns their fees are not clear enough.
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Rowan Glen: Yoghurt factory revival hits 20 million pots a year
Why things are looking up at a rural site saved from permanent closure by a buyout last year.
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Sunday, December 10, 2023
Javier Milei: New president tells Argentina 'shock treatment' looms
The country's new far-right president vows to launch a radical economic programme as he is sworn in.
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Smile Direct Club dentistry aligners firm shuts down
Best known for selling clear aligners remotely, it has shut down months after filing for bankruptcy.
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Gap between haves and have-nots widening, report warns
Report mentions stagnant wages and mental health issues, and says the gap widened in the pandemic.
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Saturday, December 9, 2023
How Shohei Ohtani became Japan's biggest baseball export
His impact in the US surpasses that of all Japanese stars before him - and he now has a record $700m contract.
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Friday, December 8, 2023
Google admits AI viral video was edited to look better
Instead of the AI responding to voice and video, it was fed text prompts and still images.
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Microsoft's links with OpenAI to be reviewed by competition watchdog
The Competition and Markets Authority will consider if ties between the two could be considered a merger.
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Average two-year mortgage rate falls below 6%
Mortgage providers have been cutting rates, but many homeowners still face a payment shock.
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Edinburgh Reforms: City shake-up branded 'damp squib' by MPs
The Treasury Committee says much of what was promised by the chancellor has not materialised.
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Thursday, December 7, 2023
Anger as Nationwide orders workers back to office
Nationwide - which has its HQ in Swindon - tells staff to work in offices at least two days a week.
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South East Water pays £2.3m dividend amid watchdog probe
Ofwat is investigating South East Water over service to customers and record in maintaining supply.
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Jacob Rees-Mogg's investment management firm to close
The fund manager co-founded by the MP is winding down after reports it had lost its largest client.
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Lego Fortnite: Gaming giant launches Minecraft rival
The new co-operative survival game mode sees players crafting items with Lego bricks.
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Wednesday, December 6, 2023
Meta is child abuse 'breeding ground', lawsuit claims
Facebook and Instagram are rife with child abuse, the New Mexico attorney general alleges.
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AOG Technics: UK fraud body makes arrest in aircraft parts probe
It has launched a criminal investigation into alleged fraud at aircraft parts supplier AOG Technics.
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Mortgage problems ease but many face ‘price shock’
The Bank of England says fewer households will struggle to keep up with mortgage payments than previously thought.
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EU to delay tariffs on UK electric cars until 2027
it comes after EU and UK carmakers said they were not ready for the change in post-Brexit trade rules.
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Tuesday, December 5, 2023
Ladbrokes and Coral owner to pay £585m over bribery allegations
Entain, which owns Ladbrokes and Coral, will pay HMRC £585m, it was decided on Tuesday.
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Israel probes claims share traders knew of Hamas attack in advance
Investors betting against Israeli shares may have made large sums, an academic study suggests.
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China's debt outlook downgraded as economy slows
The Moody's credit rating agency warns of "broad downside risks" as the country faces a need for stimulus.
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Fashion firm Quiz to launch review as sales slide
The fashion retailer cuts its revenue forecasts as cost-of-living pressures hit spending.
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Monday, December 4, 2023
Irish chain Omniplex acquires under-threat British cinemas
Omniplex Cinema Group invests £22.5m into a UK expansion.
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Salary threshold for migrant worker visa set to rise under legal migration curbs
The hike is expected as part of plans to curb legal migration, which has hit record levels.
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Booking.com users angry at firm's response to hacks
Customers say they have been failed and feel let down after losing hundreds of pounds to fraudsters.
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Spotify to axe 17% of staff to save costs
The music-streaming company says it is cutting its workforce to "rightsize" the firm.
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Sunday, December 3, 2023
Smart meters: Almost three million still not working
Customers face incorrect bills as 2.7 million smart meters fail to send automatic readings.
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'Labour won't turn on spending taps' says Starmer
Sir Keir Starmer will say in a speech there will be "huge constraints" if Labour win power.
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Bankruptcy 'opportunity' after student loan crisis
Changes in the US are enticing more people to file bankruptcy to clear their student loans.
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Saturday, December 2, 2023
Baby formula soaring costs: 'I struggle, but I won’t buy a cheaper brand'
Why struggling parents aren't choosing cheaper brands when it comes to infant formula milk.
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Friday, December 1, 2023
Sir James Dyson loses libel claim against Daily Mirror publisher
The inventor was suing the newspaper for libel over an article published in January 2022.
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Wilko: First new stores reopen in Devon
The branches are the first to be introduced nationally following the chain's collapse in August.
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Bank branch closures hits Prime Minister Rishi Sunak's constituency
The last bank in Richmond, North Yorkshire - Rishi Sunak's constituency - will close and be replaced by a hub.
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House prices edge higher as signs mortgage rates will fall
The Nationwide says there are "encouraging signs" that mortgage rates are starting to come down.
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