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Thursday, February 29, 2024

When is the Budget and what will it mean for my money?

Chancellor Jeremy Hunt will set out the government's tax and spending plans in the spring Budget.

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Wednesday, February 28, 2024

Catalonia's farmers demand more help over drought

As Spain continues to be blighted by a lack of rain, farmers want more government assistance.

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Disney plans $8.5bn merger for ailing India unit

It is combining forces with Reliance Industries, owned by Mukesh Ambani - Asia's richest man.

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What is Bitcoin? Key cryptocurrency terms and what they mean

As Bitcoin's price makes headlines once more, here's a look at some key crypto terms and their meanings.

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Thames Water told to find extra cash itself

It follows reports the firm has lobbied the regulator to allow it to raise bills by 40% and face lower fines.

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Tuesday, February 27, 2024

PlayStation to axe 900 jobs and close London studio

The layoffs are the latest to hit the tech sector, which has seen big cutbacks worldwide since 2023.

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More music leaving TikTok over Universal Music row

At first artists signed to the label were removed, but now writers are being taken off the platform.

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Marks & Spencer raises pay in battle for supermarket staff

About 40,000 M&S staff will see their wages increase by more than 10% from April.

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Ministers consider new vaping tax at Budget next week

Ministers fear that the relatively cheap cost of vaping makes it more accessible for young people.

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Monday, February 26, 2024

US challenges Kroger Albertsons deal warning of higher prices

The Federal Trade Commission says combining Kroger and Albertsons would be bad for American shoppers.

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Boeing review finds 'disconnect' on safety

A report ordered by the government finds "gaps in Boeing's safety journey".

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Post Office victims' compensation payouts to be sped up

Legislation aimed at clearing wrongly convicted sub-postmasters is also expected to be brought forward.

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Lord Jacob Rothschild: Financier dies aged 87

In a statement on Monday, his family called Lord Rothschild "a towering presence in many peoples' lives".

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Sunday, February 25, 2024

Why some cyber-attacks hit harder than others

The British Library has been hobbled for months by a cyber-attack and experts warn of similar damage ahead.

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Red Sea attacks delaying goods and pushing up costs, firms say

Houthi attacks are increasing costs and causing delays, the British Chambers of Commerce says.

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Post Office hires ex-police to check its investigators in Horizon scandal

The Post Office says the team will look into allegations that have emerged during a public inquiry.

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The staff shortage in India's special effects industry

With international studios sending more work to India, the industry is struggling to train enough staff.

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Friday, February 23, 2024

Budget 2024: When it is and what will it mean for my money?

Chancellor Jeremy Hunt will set out the government's tax and spending plans in the spring Budget.

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Ex-Post Office boss Paula Vennells stripped of CBE

The former chief executive has forfeited the honour following the Horizon IT scandal.

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Serco ordered to stop scanning leisure staff faces

The data watchdog orders Serco Leisure to stop using facial recognition technology on its employees.

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Husband 'made millions' by eavesdropping on BP wife

The spouse of a BP deal manager allegedly picked up details of a takeover while they both worked from home.

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Thursday, February 22, 2024

Reddit moves forward with share listing plan

The filing offers a glimpse of the company's efforts to turn online popularity into profit.

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HSBC, NatWest and Virgin Money changing interest rates

HSBC, NatWest and Virgin Money are all increasing mortgage rates continuing a frantic start to the year.

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Post Office victims set to be cleared under new law

Legislation to exonerate wrongly convicted sub-postmasters is expected to come into effect in July.

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Vauxhall to build electric vans at Luton plant from 2025

The plans are expected to secure the long-term future of the factory and 1,500 jobs.

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Wednesday, February 21, 2024

Don't dry your iPhone in a bag of rice, says Apple

The popular remedy risks "small particles" entering the phone and causing damage, new advice says.

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BT Tower: 'Iconic' landmark to be turned into a hotel after £275m sale

The well-known tower, which once dominated London's skyline, has been sold for £275m.

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Henry Staunton: Ex-Post Office chair escalates compensation row

Henry Staunton has released a note of a call with a senior official, amid a row over Horizon payouts.

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Tuesday, February 20, 2024

UK recession may already be over, says Bank of England boss

Bank of England governor Andrew Bailey tells MPs the UK's economic downturn is "very small".

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Tesco introduces Clubcard unit pricing after criticism

Consumer group Which? had said Tesco could be breaking the law over how it displayed Clubcard prices.

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Drone rules may change to allow medical deliveries

The UK's aviation regulator is proposing to allow drones to be flown out of sight of their pilot.

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Monday, February 19, 2024

Ex-Post Office chair asked to face MPs over victims' compensation claims

MPs want to question Henry Staunton on allegations he was told by an official to "stall" compensation.

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Crew abandon British-registered cargo ship off Yemen after Houthi attack

The missile strike claimed by the Houthis on the British-registered vessel is one of the most damaging yet.

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Stats watchdog criticises Treasury tax cut claims

Two Treasury ministers, Laura Trott and Bim Afolami, have been criticised over recent claims on tax cuts.

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New controls on holiday lets to be introduced

From the summer, planning permission may be needed to turn homes into new short-term lets.

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Sunday, February 18, 2024

Lunar New Year: China tourism spending tops pre-Covid levels

The figures mark some rare good news for the world's second-largest economy.

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Post Office not asked to stall payouts, says government

Claims by the ex-Post Office chairman that he was asked to delay compensation to help the government are denied.

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Donald Trump launches own-brand shoes after $355m fraud fine

The ex-president promoted gold-coloured shoes priced at $399 at a sneaker convention in Philadelphia.

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Friday, February 16, 2024

Tata Steel workers to vote on strikes amid job peril

Unions say they are "prepared to fight" in response to job losses at Tata Steel sites.

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Household energy bills predicted to fall by nearly £300 a year

Cornwall Insight forecasts a 15% drop, taking the typical annual bill to £1,635 - the lowest in two years.

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NatWest unveils highest yearly profit for 26 years

Paul Thwaite is the bank's new boss replacing Alison Rose who resigned after a row over Nigel Farage's account.

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Thursday, February 15, 2024

Xbox, Nintendo or PlayStation: does it still matter?

Why the war between the big games console makers may be coming to an end.

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Facebook £3bn legal action given go-ahead in London

A mass legal action alleges Facebook abused its dominance to monetise 45 million UK users' personal data.

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Jeremy Hunt considers reducing spending to fund tax cuts

Jeremy Hunt is looking at cutting billions in public spending to fund tax cuts in his Spring Budget.

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British Gas sees profits increase 10-fold

The company managed to recover losses of £500m it made during the height of the energy crisis.

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Wednesday, February 14, 2024

Train strikes: All you need to know about action in February and March

More than 300 London Overground workers will go on strike from midnight on Monday 19 February.

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Pressure on renters persists into new year

Tenants paid 6.2% more in rent in January than they did a year earlier, official figures show.

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Google joins mission to map methane from space

The tech giant is deploying AI to help identify large sources of methane leaks in satellite data.

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Quest 3 better than Apple Vision Pro, says Zuckerberg

The Meta boss says his firm's headset is 'the best product, period' after trying Apple's rival.

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Tuesday, February 13, 2024

Tetley monitoring its tea supplies on daily basis

The UK's second biggest tea brand says it expects to be able to continue to meet normal demand.

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Yodel saved from collapse by fast-growing rival

Yodel has been saved from falling into administration in a last-minute rescue deal by a consortium.

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The Body Shop: Its rise and fall

As the UK business is expected to go into administration, we look at what went wrong.

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Monday, February 12, 2024

Wylfa: UK government in talks to buy nuclear site - report

The UK government says Wylfa is one of many "potential sites" that could host nuclear projects.

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Northern Ireland companies report surge in confidence

Manufacturing, services and retail reported an increase in business activity in January.

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Sunday, February 11, 2024

Uber makes changes to Super Bowl ad after backlash

The firm has edited its advert that was criticised for making light of food allergies.

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Ex-minister: I wish I asked more questions about Post Office

Labour's Pat McFadden admits MPs' concerns about the Horizon scandal were raised when he was a minister.

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The Body Shop set to appoint administrators in UK

The retailer is expected to undergo a major restructure, leading to shop closures and job losses.

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Fujitsu bosses paid £26m during Horizon contract

Accounts show former execs made millions while sub-postmasters were chased for thousands.

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Friday, February 9, 2024

Barclays to end direct financing of new oil and gas fields

The banking giant has been coming under mounting pressure to curb its support for fossil fuels.

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Ring video doorbell customers angry at 43% price hike

Users have taken to message boards to complain about the increase, which they say is unjustified.

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Nationwide's Dominic West advert reported by Santander to watchdog

Santander is understood to have made the complaint, which argues the ad discredits other banks.

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Thursday, February 8, 2024

Violence against Co-op shop workers rises sharply

Shoplifting by organised crime groups shifted up a gear in 2023, the supermarket says.

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Landlords in mortgage arrears doubles in a year

More people with buy-to-let loans have fallen behind on payments as interest rates have risen.

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Yodel 'exploring options' amid speculation over future

Reports suggest the courier firm, which employs about 10,000 people, could fall into administration.

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Wednesday, February 7, 2024

Source oil and gas locally, urges Equinor energy boss

Countries should be prioritising energy security and sourcing locally, says the head of Norway's Equinor.

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Labour ditches £28bn green investment pledge

A U-turn on the policy is set to be announced on Thursday, following confusion over the party's position.

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House price rises highest for a year in January, Halifax says

The UK's biggest mortgage lender says prices are still rising as mortgage rates continue to ease.

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Pret A Manger is converting last few all-veggie outlets

The sandwich chain said all its shops offered an extensive range of vegetarian options.

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Tuesday, February 6, 2024

Boeing safety checks to use 'more boots on ground'

The head of the US aviation regulator told US lawmakers they were stepping up safety checks.

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WeWork's ousted boss plots buyback of bankrupt firm

Lawyers for Adam Neumann claim the leaders of his former company are stonewalling his approaches.

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Facebook and Instagram to label all fake AI images

The tech will detect images - but not video or audio - made by other companies' AI generators.

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NatWest public share sale could happen in June

The company leading the government's sell-off of the bank says a retail share offer could happen in months.

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Monday, February 5, 2024

Does Germany’s economy need more than a cup of coffee?

Germany's growth is being held back by the twin shocks of expensive energy and higher interest rates.

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Cost-of-living payments: What are they, who gets them and are they fair?

Millions of low-income households will receive a final cost-of-living payment soon.

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CBI settles legal action brought by sacked boss Tony Danker

The business group agrees a settlement with Tony Danker after he was dismissed following complaints.

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Sunday, February 4, 2024

China can now monitor government-funded projects 24/7

The rules, which took effect this month, come as officials move to support the crisis-hit property industry.

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Should more British homes be built using straw?

Cheap, highly insulating and sustainable, straw has a lot of potential for the building industry.

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Does Germany’s economy need more than a cup of coffee?

Germany's growth is being held back by the twin shocks of expensive energy and higher interest rates.

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Facebook at 20: Four ways the app changed the world

How the world's most popular social network has altered society, business and politics

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Friday, February 2, 2024

Our Range Rovers are not UK's most-stolen car, says Jaguar Land Rover

The boss of Jaguar Land Rover hits out at what he says is inaccurate reporting about the Range Rover.

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Bereaved partners face deadline for claiming financial support for children

Thousands of cohabiting parents whose partners have died have days left to apply for bereavement support.

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Post Office victims had lives 'utterly destroyed'

Lawyers representing sub-postmasters say their physical and mental health was damaged by the Horizon IT scandal.

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Big US jobs rise in January surprises again

Employers added 353,000 jobs, while the unemployment rate held steady at 3.7%, the Labor Department said.

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Thursday, February 1, 2024

Deutsche Bank to cut 3,500 jobs over next two years

The banking giant is to cut 4% of its global workforce, becoming the latest lender to shed staff.

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Bank of England split over interest rate decision

Rates are held at 5.25% but some Bank members voted to raise them while one backed a cut.

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Labour is the party of business, says Keir Starmer

The Labour leader and shadow chancellor Rachel Reeves are meeting business leaders at an event in London.

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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