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Showing posts from February, 2021

Topshop: What happened after the shutters closed?

The pandemic is changing the jobs market. What happens to young and old trying to find work? from BBC News - Business https://ift.tt/3bS6jRn
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Chinese investment in Australia plummets 61%

The drop reflects tougher foreign investment laws and the effects of Covid-19. from BBC News - Business https://ift.tt/3uDzz6O
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Budget 2021: 'Now is not the time for tax rises', say MPs

The Treasury Committee says "now is not the time" for rises, but they may be needed in the future. from BBC News - Business https://ift.tt/30262pc
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Jobless rate around UK airports above average, say MPs

A report by MPs found the number of people claiming jobless benefits was much higher near the top 20 UK airports. from BBC News - Business https://ift.tt/3r5Aafc
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Apprenticeships levy 'has failed on every measure', says HR body

The professional body for HR said apprenticeship starts have fallen and far fewer have gone to young people. from BBC News - Business https://ift.tt/3pWL1XG
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Waste food: What do you do with 86 tonnes of celeriac?

With hospitality closed during lockdown, charities and apps are stepping in to help cut food waste. from BBC News - Business https://ift.tt/3szICUv
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'Farms are going to need different kinds of robots'

A growing number of tech firms are helping farmers better look after their animals and crops. from BBC News - Business https://ift.tt/37YbgGZ
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Budget 2021: Northern Tory MPs call for business rates cut to 'save High Streets'

Writing ahead of the Budget, the MPs say the tax should be cut now and reformed in the long term. from BBC News - Business https://ift.tt/2O4bCop
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Budget 2021: Extra £1.6bn for UK's Covid vaccination rollout

The chancellor is to provide more funding for the programme, which has now given 20m first doses. from BBC News - Business https://ift.tt/3uB995P
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Budget: Rishi Sunak promises help as Covid restrictions ease

But Rishi Sunak says he wants "to be honest" with the public about the shock suffered by the economy. from BBC News - Business https://ift.tt/3aZ52sb
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Budget 2021: £5bn fund to help High Street recover from Covid

Grants for 700,000 firms come as Rishi Sunak warns public finances face a challenge ahead of the Budget. from BBC News - Business https://ift.tt/3uFxE1p
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The influencer effect: 'Love Island star transformed my business'

Influencers can have a bad reputation but for some people they have proved to be a business lifeline. from BBC News - Business https://ift.tt/2O8K01i
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Budget 2021: The challenge facing Rishi Sunak

The BBC looks at the state of the UK economy ahead of the spring Budget. from BBC News - Business https://ift.tt/3q1XFom
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Six million accidental savers 'created by Covid crisis'

Lower commuting costs, cancelled holidays and fewer meals out boost some bank accounts, a report says. from BBC News - Business https://ift.tt/3dPvmah
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Covid: How this Indian firm is vaccinating the world

The Serum Institute of India isn't a household name, but it's the world's largest vaccine maker. from BBC News - Business https://ift.tt/3bJBDBI
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Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade

A devaluing currency and hard economic conditions make cryptocurrencies attractive despite the risks. from BBC News - Business https://ift.tt/3uCAXXi
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Budget 2021: Mortgage guarantee to help buyers with 5% deposit

Boris Johnson says "generation rent" can become "generation buy" through new government-backed loans. from BBC News - Business https://ift.tt/2O8gDw1
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Ros Atkins on... Is Facebook too powerful?

Ros Atkins looks at the consequences of Facebook's power on events in Myanmar, Washington DC and Australia. from BBC News - Business https://ift.tt/3su00Kg
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Bitcoin energy use 'bigger than most countries'

Could the cryptocurrency's huge electricity consumption also sink it? from BBC News - Business https://ift.tt/3kAo8s4
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Loan shark fears as fewer investigations begin during Covid crisis

Illegal money lenders have been shaming non-payers on social media during the pandemic. from BBC News - Business https://ift.tt/2NIkTCM
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Budget 2021: Stamp duty holiday deadline 'may cost us £12,000'

Homebuyers facing high costs and delays want the tax break to be extended at the Budget. from BBC News - Business https://ift.tt/3qb0W5E
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Vintage technology: 'It sounds so much cleaner'

Why do people like to use ancient personal organisers and music players? from BBC News - Business https://ift.tt/3bDZEKq
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Budget 2021: Rishi Sunak to inject £126m to boost traineeship scheme

Rishi Sunak to also launch a 'flexi-job' scheme so people can work for several firms at once. from BBC News - Business https://ift.tt/3uMaJlo
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Covid: 'Our 10 days of hotel quarantine are finally over'

South African Wiehann Meyer, who recently travelled to London, kept a video diary of his experience in hotel quarantine. from BBC News - Business https://ift.tt/3dQvVke
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Amanda Staveley loses High Court fight with Barclays over damages

A businesswoman who sued Barclays for hundreds of millions has lost her case. from BBC News - Business https://ift.tt/2ZSPAaS
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Freeports: What are they and will they make the UK money?

Rishi Sunak thinks the low-tax zones will boost struggling parts of the UK - but not everyone agrees. from BBC News - Business https://ift.tt/2PepHjL
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Budget 2021: BBC editors on what to expect

BBC editors Faisal Islam and Simon Jack tell us what Chancellor Rishi Sunak might have in store. from BBC News - Business https://ift.tt/3e1r1kv
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Pets at Home says lockdown pet bonanza will bring even higher profits

The retailer raises its profits forecast yet again as demand for pet products continues to soar. from BBC News - Business https://ift.tt/2ZQSz3J
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Blyth 'gigafactory': Ex-offenders offered chance at car battery plant

The electric car battery plant will be the biggest industrial investment in the North East for years. from BBC News - Business https://ift.tt/3dNx3Vy
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British Airways owner IAG calls for digital health passes

Airline group IAG's call comes as it posts a huge annual loss after the pandemic grounded many flights. from BBC News - Business https://ift.tt/3uzjJKn
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Pokémon at 25: Rare cards trade for big money

Rare cards based on the popular Japanese video game and cartoons are regularly fetching six figures. from BBC News - Business https://ift.tt/3pV82KG
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UK car production slumps by a quarter in January

The UK produced 27% fewer cars than a year ago, the worst January figure for over a decade. from BBC News - Business https://ift.tt/3dKC8xN
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Budget 2021: Support pubs by cutting beer duty, say Conservative MPs

Cheaper beer could support struggling pubs MPs argue, but alcohol awareness campaigners are opposed. from BBC News - Business https://ift.tt/3aSQ2Ms
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Budget 2021: 'My £20 is a lifeline - don't take it away'

A benefits top-up to help the poor survive lockdown is due to end - unless it is extended at the Budget. from BBC News - Business https://ift.tt/3bAT9YG
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Nightclubs eye June reopening but can they survive?

Clubs have been closed for almost a year but what will the clubbing experience be like when they reopen? from BBC News - Business https://ift.tt/3dK6tg4
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Mr Potato Head to lose "Mr" title in gender-neutral rebrand

The toy's maker, Hasbro, says it will drop the "Mr" to "promote gender equality and inclusion". from BBC News - Business https://ift.tt/3sl5HKy
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The disabled influencers making their mark on social media

Brands are starting to embrace social media influencers with disabilities to target the "purple pound". from BBC News - Business https://ift.tt/3aTsMhD
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Airbnb predicts 'significant' travel rebound

But the booking platform warns it is still too early to predict how many travellers will return in 2021. from BBC News - Business https://ift.tt/2NZvt8n
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Coronavirus: EU urged to adopt 'vaccine passports'

Greece and Austria want coronavirus-free tourists this summer, but other EU states have concerns. from BBC News - Business https://ift.tt/3uxwpRZ
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HMRC letters question Covid self-employment support grant claims

About 11,000 people will receive letters questioning whether they should have claimed the money. from BBC News - Business https://ift.tt/3aPV3pc
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Vauxhall: Talks over fate of Ellesmere Port plant 'productive'

The owner of the Ellesmere Port factory, which employs about 1,000 workers, is in talks with the government. from BBC News - Business https://ift.tt/3ssHima
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Get used to fewer trains, says rail body

Around one in ten rail services should be cut while passenger numbers remain low, says Network Rail. from BBC News - Business https://ift.tt/3qQ7iaO
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Furlough numbers climb sharply in January to 4.7 million

The number of people on furlough rises by 700,000 to 4.7 million after fresh lockdown measures imposed. from BBC News - Business https://ift.tt/3dLUVc4
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Asda says 5,000 jobs at risk in new business plan

The supermarket says it has begun consulting with workers over a major restructuring of its business. from BBC News - Business https://ift.tt/2ZOn8a7
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Primark bets on last year's fashion for April reopening

The High Street-only retailer says it has lost £1.1bn in sales due to the recent lockdown. from BBC News - Business https://ift.tt/3bGW6XC
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Serco: Test and trace firm's boss defends scheme

The boss of outsourcer Serco says there are now as many people being tested per week as vaccinated. from BBC News - Business https://ift.tt/2O2OJBy
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UK 4G smartphone owners may be due £480m pay-out

Some 29 million people in the UK could be entitled to up to £30 back on Apple or Samsung smartphones. from BBC News - Business https://ift.tt/3uwvXDu
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Coronavirus: Public need 'home truths' on economy - Hammond

The ex-chancellor says Boris Johnson must "do the right thing", even if it means risking unpopularity. from BBC News - Business https://ift.tt/3uqqNJr
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Goldman Sachs: Bank boss rejects work from home as the 'new normal'

Remote working is "an aberration" that will be corrected as soon as possible says Goldman Sachs chief. from BBC News - Business https://ift.tt/2NZkRpI
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Chinese £3,200 budget electric car takes on Tesla

The mini electric vehicle being made by China's biggest carmaker is now outselling Tesla two to one. from BBC News - Business https://ift.tt/2NVSpVS
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Budget 2021: 'If I have to pay £13,000, it will destroy my shop'

Struggling shops warn they may have to shut if business rates are brought back at the Budget. from BBC News - Business https://ift.tt/3dWlyeL
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Ikea aims to launch delayed 'Buy Back' scheme in UK

UK consumers will soon be able to sell back used items with the aim of reducing waste. from BBC News - Business https://ift.tt/3qYLeuU
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GameStop surges again as Reddit crashes temporarily

Trading in GameStop shares halted minutes before markets closed but jumped again in late trading. from BBC News - Business https://ift.tt/2P0yi9s
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The colourful fridges popping up on American streets

Local communities in the US have come up with a novel way to help feed those going hungry. from BBC News - Business https://ift.tt/2ZLgP7h
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Have Australians fallen out of love with Sydney and Melbourne?

Figures show Australians are moving out of the large cities in search of a better quality of life. from BBC News - Business https://ift.tt/3sk1xCs
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CEO Secrets: 'My billion pound company has no HR department'

Greg Jackson, founder and CEO of Octopus Energy, explains why he doesn't need a human resources team. from BBC News - Business https://ift.tt/2MisXcG
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US central bank payment system down for 'hours'

The crash came as the bank faces pressure to keep pace with changes fuelled by Bitcoin and other digital currencies. from BBC News - Business https://ift.tt/2ZQ5CSK
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Palantir: NHS faces legal action over data firm contract

Controversial data-crunching firm Palantir's deal with the UK health service is under the spotlight. from BBC News - Business https://ift.tt/3qU5ayN
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Vauxhall: Crunch talks to save Ellesmere Port plant continue

Vauxhall's parent company has previously said its fate depends on the government's commitment to the car industry. from BBC News - Business https://ift.tt/3qRcRWF
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Biden orders 100-day review amid supply chain strains

The United States has grappled with shortages of medical gear and computer chips, among other items. from BBC News - Business https://ift.tt/2NYn2Kc
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Nissan: Hundreds furloughed over parts shortage

Late-shift work on one assembly line in Sunderland will be suspended for one week, the firm says. from BBC News - Business https://ift.tt/2ZKQGFJ
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Fraudsters stepped up efforts in new year, HMRC figures show

Con-artists claimed people could receive a tax rebate or a grant, as they tried to steal financial details. from BBC News - Business https://ift.tt/3aPmQWR
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Hays Travel boss 'shocked' by husband's sudden death

Dame Irene Hays says tributes to her husband John have given her "determination" to carry on. from BBC News - Business https://ift.tt/2NBRYjB
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Covid lockdown: 'My closed hair salons cost me £1,000 a day'

The hair and beauty industry is calling for a cut in VAT to help mend the sector's finances. from BBC News - Business https://ift.tt/3pPUhNg
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Cladding: Fire safety bill could leave leaseholders 'bankrupt'

Campaigners are backing a rebellion by Tory MPs to ensure leaseholders are protected from extra costs. from BBC News - Business https://ift.tt/2NrUARk
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Heathrow in £2bn loss as Covid 'devastates' air travel

Passenger numbers in 2020 dropped to levels last seen in the 1970s, the UK's largest airport says. from BBC News - Business https://ift.tt/3pOVd4j
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Apple buys a company every three to four weeks

The technology giant has bought around 100 companies in six years, chief executive Tim Cook has revealed. from BBC News - Business https://ift.tt/3sjXPJa
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Budget 2021: 'I've been furloughed twice in one year'

More support for jobs is expected in Chancellor Rishi Sunak's Budget, but will it be enough? from BBC News - Business https://ift.tt/2MiXMhn
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Budget 2021: Chancellor must 'make finance green', say campaigners

Campaigners call for Chancellor Rishi Sunak to make system changes including a carbon emissions tax. from BBC News - Business https://ift.tt/2NRX1wb
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Women boardroom roles make 'dramatic' jump in five years

Boards of big companies have 50% more women present than in 2015, a government review has found. from BBC News - Business https://ift.tt/3dNRr8S
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Oatly looks to raise money in stock market float

The Swedish plant-based milk company said it is planning to sell its first public shares in the US. from BBC News - Business https://ift.tt/2ZGnBeo
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Facebook and Google 'too powerful' says CMA boss

The boss of the UK's competition watchdog says tech giants have too much share of the online ad market. from BBC News - Business https://ift.tt/3pGBdRu
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Bitcoin: Elon Musk loses world's richest title as Tesla falters

The Tesla leader's wealth has taken a hit as investors sour on Bitcoin and the electric carmaker. from BBC News - Business https://ift.tt/2NQuUxA
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MWC Shanghai: Gadget companies gather for rare pandemic tech expo

New products include a phone that fully charges in 20 minutes and an under-screen selfie camera. from BBC News - Business https://ift.tt/3bwVt2T
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Coronavirus: Gender pay gap enforcement delayed by a further six months

The equalities watchdog says it is the right move amidst the pandemic, but Labour calls it "unacceptable". from BBC News - Business https://ift.tt/3aLUzAA
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Covid-19: Businesses 'throwing in towel' over uncertainty

Labour says the Budget must extend the VAT cut, furlough and the business rates holiday. from BBC News - Business https://ift.tt/3dDDkTz
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Jailed Libor banker Tom Hayes: 'My life was destroyed'

Tom Hayes says he believes fresh evidence will show his Libor conviction was unsafe. from BBC News - Business https://ift.tt/2ZElwzI
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UK unemployment rate rises to 5.1%

The rate of unemployment in the UK rose 5.1% in the three months to December, figures show. from BBC News - Business https://ift.tt/2ZI1dRO
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Covid: Airline industry travel pass ready 'within weeks'

Industry body IATA says it sees its pass as essential for reopening quarantine-free travel. from BBC News - Business https://ift.tt/3buGlTD
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Facebook reverses ban on news pages in Australia

Facebook will reverse a decision to block access to news content, Australia's government says. from BBC News - Business https://ift.tt/3aHRUYj
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Boeing 777: Signs of 'metal fatigue' found on Denver plane engine

The aircraft had to make an emergency landing after its engine failed, scattering debris over homes below. from BBC News - Business https://ift.tt/3pMPMmx
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HSBC shifts focus from west to east as profits dive

The UK-based bank has signalled its "pivot to Asia" as annual profits slump during the pandemic. from BBC News - Business https://ift.tt/2NtNITe
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Clubhouse confirms data spillage of its audio streams

A user has been banned for streaming audio from multiple Clubhouse chatrooms onto their website. from BBC News - Business https://ift.tt/3dJA5dD
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Spotify to expand into more than 80 new markets

The audio streaming company wants to extend its global reach to include more than a billion extra people. from BBC News - Business https://ift.tt/3bwLMBn
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China regains slot as India's top trade partner despite tensions

Trade flows remained strong between the two Asian neighbours despite growing tensions and deadly clashes. from BBC News - Business https://ift.tt/37DWmW2
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The video call apps linking home workers with strangers

A number of tech firms are connecting people working from home with strangers via video calls. from BBC News - Business https://ift.tt/3si9Qz0
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Jeep pushed to retire Cherokee name from SUVs

The chief of the Cherokee Nation says 'it's time' for corporations to stop using native American names. from BBC News - Business https://ift.tt/3dEdnUe
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Holiday bookings surge following lockdown exit plans

Travel agencies and airlines say website traffic jumped following Boris Johnson's announcement. from BBC News - Business https://ift.tt/2ZHOpLs
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Epic's bid to sue Apple over Fortnite in UK rejected

A UK tribunal denied Epic Games permission to go after Apple - but a case versus Google can proceed. from BBC News - Business https://ift.tt/3bwAA7U
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Roadmap: 'We're delighted to have dates to work towards'

Boris Johnson’s route out of lockdown is a relief for businesses, including pubs, restaurants, gyms and retail. from BBC News - Business https://ift.tt/3bAdVYC
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Huawei Mate X2 folding phone unveiled despite chip supply worries

The firm claims the edge against rival Samsung, but faces a dwindling stockpile of smartphone chips. from BBC News - Business https://ift.tt/3aFwKdx
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Covid-19: Boris Johnson plans to reopen shops and gyms in England on 12 April

Boris Johnson hopes all legal limits on social contact could be lifted in England from 21 June. from BBC News - Business https://ift.tt/2NtqQ6s
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Jay-Z sells stake in champagne brand to luxury giant LVMH

LVMH said it was interested in the brand for its appeal to a 'global and diverse' customer. from BBC News - Business https://ift.tt/3pMVjcK
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1,000 EU finance firms 'set to open UK offices'

The applications suggest London is set to remain a key financial centre, a consultancy says. from BBC News - Business https://ift.tt/3smbuQ7
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John Lewis considers closing more stores

The department store giant may close another eight stores in a further blow for the High Street. from BBC News - Business https://ift.tt/3aFRYI8
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Covid lockdown: 'We are burning through about £500,000 a day'

The owner of PureGym says lockdown has been costing his business hundreds of thousands of pounds a day. from BBC News - Business https://ift.tt/3bqxTEZ
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United Airlines grounds planes after engine failure

The airline stops flying 24 planes after an engine burst into flames soon after take-off from Denver. from BBC News - Business https://ift.tt/3pCiF4F
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Bitcoin keeps hitting new highs after Tesla backing

Having broken through the $50,000 level last week the cryptocurrency has extended its rally this year. from BBC News - Business https://ift.tt/3dAlvVG
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'They wanted to jail a banker - I was that banker'

Tom Hayes, jailed for rigging interest rates, tells the BBC fresh evidence will show his conviction was unsafe. from BBC News - Business https://ift.tt/3unoRky
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More than half of UK employers planning to recruit staff

The number of firms planning to make staff redundant in the first quarter of 2021 is also falling. from BBC News - Business https://ift.tt/3aC5ywe
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The search widens for hot rocks that provide power

Geothermal power projects have seen a surge of investment as countries encourage renewable energy. from BBC News - Business https://ift.tt/3udbfIz
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'Coins can inspire people to look into the past'

BBC News website readers share their old coin collections and the stories behind them. from BBC News - Business https://ift.tt/3kdwo10
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Lloyd's seeks archivist to investigate slave trade links

The specialist insurance market has previously apologised for historical links to the slave trade. from BBC News - Business https://ift.tt/2NuCKNg
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Hospitality suppliers: 'It’s not just a case of turning on a switch'

Firms across the supply chain say notice and certainty are key to a full menu being available post-lockdown. from BBC News - Business https://ift.tt/2NhtzzZ
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Covid-19: Fewest firms planning job cuts since pandemic began

The figures suggest the decision to extend the furlough scheme has helped to prevent wider job losses. from BBC News - Business https://ift.tt/3k7mbD7
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Leon boss warns longer lockdown 'will cost lives'

John Vincent says extending lockdowns, even by a number of weeks, "matters hugely". from BBC News - Business https://ift.tt/2Zxfi4H
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Singapore vending machines now dispense salmon, crab and even cacti

The city state has a dizzying array of vending machines, dispensing everything from cacti to pizza. from BBC News - Business https://ift.tt/2Zxc9le
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HSBC fraud helpline's 20-hour wait 'disgraceful'

The daughter of a fraud victim says it took hours to speak to staff after thousands were stolen from her father's bank account. from BBC News - Business https://ift.tt/3azdn5S
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Holidays: Travel industry begs for 'route out of crisis'

Industry figures have urged the prime minister to provide a "roadmap" to get people travelling again. from BBC News - Business https://ift.tt/3blHz3v
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Maersk: Consumers can foot shipping's climate change bill

From footwear to medical equipment, shipping can be a big part of any product's carbon emissions. from BBC News - Business https://ift.tt/3aAywfW
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Is business the 'path to peace' in the Middle East?

How peace between Israel and the UAE and Bahrain is reshaping business and the region's alliances. from BBC News - Business https://ift.tt/2Zx9wzT
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Covid: Matt Hancock acted unlawfully over pandemic contracts

The health secretary breached his "legal obligation" to publish details of deals, the High Court rules. from BBC News - Business https://ift.tt/37v2tfw
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Covid-19: Johnson still working on 'roadmap' to ease lockdown

Ministers will "crunch the numbers" over the weekend, amid pressure to reduce Covid restrictions. from BBC News - Business https://ift.tt/37vSeHL
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Uber drivers are workers not self employed, Supreme Court rules

Long running court battle ends with ruling ride hailing app drivers are workers not self-employed. from BBC News - Business https://ift.tt/3uf2AW8
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NatWest sets aside £3.2bn to cover bad loans

The bank sinks to a loss but will resume dividend payments to shareholders from BBC News - Business https://ift.tt/3qByVEi
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Retail sales slump in January amid lockdown

Sales fell sharply last month with much of the High Street closed amid the latest Covid restrictions. from BBC News - Business https://ift.tt/2M77PGk
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UK government borrowing hits highest January level since records began

It is the first time in 10 years that more have been borrowed than collected as tax and other income. from BBC News - Business https://ift.tt/3k201lH
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Huawei turns to pig farming during US sanctions

The Chinese smartphone giant is also pivoting into coal mining technology in its search for new revenues. from BBC News - Business https://ift.tt/2ZuCrVg
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UK to launch 'high risk' science agency

The new agency will help "cement the UK's position as a science superpower", the government says. from BBC News - Business https://ift.tt/3bkUL8U
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'We can't get a refund for our flights'

Holidaymakers prevented from flying by travel restrictions or lockdowns may not be entitled to a refund. from BBC News - Business https://ift.tt/3dqux7F
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'Clothes should float in and out of our lives'

The companies that are adopting a "circular economy" model to doing business. from BBC News - Business https://ift.tt/3s0S5nu
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Texas freeze shuts chip factories amid shortages

A power crisis in Texas forces computer-chip-makers to halt production amid a chip shortage. from BBC News - Business https://ift.tt/2M2OAO9
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Robinhood boss says GameStop episode 'unacceptable'

Lawmakers grill key players in the GameStop trading frenzy at a hearing in Washington. from BBC News - Business https://ift.tt/2OFcPTl
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Slash business rates to save High Street, says Next boss

Boss Lord Wolfson says that unless rates are lowered, many shops will have to close unnecessarily. from BBC News - Business https://ift.tt/3bmaiVO
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Norfolk Vanguard: Ministers wrong over wind farm go-ahead, says judge

The resident who brought legal action says a High Court judge's decision is a "very good start". from BBC News - Business https://ift.tt/3s3bcxi
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McDonald's looks for 'gender parity' by 2030

The fast-food chain has been under fire over racial discrimination and handling of sexual harassment claims. from BBC News - Business https://ift.tt/2NyUCGC
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Crispin Odey indecent assault case: Hedge fund boss 'groped like an octopus'

Crispin Odey put his hand down a young colleague's shirt and up her skirt, a court hears. from BBC News - Business https://ift.tt/3pyJ2bV
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Sir Keir Starmer: Savings scheme would boost UK's recovery post-Covid

The Labour leader says there can be "no return to business as usual" as he sets out post-Covid policies. from BBC News - Business https://ift.tt/3jYlQT0
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Coronavirus: 'No jab, no job' policies may be legal for new hires

It may be legal to insist on vaccinations in new staff contracts, the justice secretary suggests. from BBC News - Business https://ift.tt/2NkkM03
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Brexit charges: Why is my online shopping more expensive?

Some UK customers have been hit by extra charges since Brexit but why? from BBC News - Business https://ift.tt/3dn0pK5
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Covid: How work life changed for a home-schooler and a supermarket manager

How the pandemic has changed work life for a home-schooling parent and a supermarket manager. from BBC News - Business https://ift.tt/3k0qi3D
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Barclays profits hit by £4.8bn bad loan provisions

The bank reports a 30% drop in profits to £3.1bn for last year, having set aside huge sums for bad loans. from BBC News - Business https://ift.tt/3puSYmJ
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Facebook Australia: PM Scott Morrison 'will not be intimidated' by tech giant

Scott Morrison says Facebook's decision to block news feeds to users is "arrogant and disappointing". from BBC News - Business https://ift.tt/2ZtdN7y
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BTS label Big Hit and Universal seek next boy band

The two record labels have teamed up to find a new K-pop boy group through a joint venture. from BBC News - Business https://ift.tt/3doZB7t
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'Roaring Kitty' GameStop investor hit with lawsuit

Keith Gill faces a lawsuit claiming he hid his his financial background from other investors. from BBC News - Business https://ift.tt/3auTywn
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'I'm paying £3,400 for student housing I can't use'

Maya Cooper is one of the students collectively charged £1bn for accommodation they can't use. from BBC News - Business https://ift.tt/3jWn1CG
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Broadband credit score mistake 'cost me thousands'

Omar Khalid says a mistake by broadband provider Virgin Media damaged his credit score for years. from BBC News - Business https://ift.tt/3bdGESE
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Trustpilot removed 2.2 million bogus reviews in 2020

The review website publishes its first transparency report as its own sector comes under scrutiny. from BBC News - Business https://ift.tt/3auDafl
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Rent debt crisis 'could lead to homelessness'

Half a million renters could lose their home without financial help, warn debt charities, lenders and landlords. from BBC News - Business https://ift.tt/2N7LkSh
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Phase out furlough gradually, Chancellor urged

The government employee support scheme needs to be wound down gently, think tank says. from BBC News - Business https://ift.tt/3buV0OT
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Iceland director sacked after Welsh language jibes

Director of corporate affairs Keith Hann made comments on social media and a personal blog. from BBC News - Business https://ift.tt/3atqoh4
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Facebook to block Australian users from viewing or sharing news

It comes in response to a proposed law that would force the company to pay publishers for content. from BBC News - Business https://ift.tt/2OMtpkq
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Jaguar Land Rover: Car maker confirms plans to axe 2,000 jobs

The proposed job losses will not affect manufacturing staff, the car maker says. from BBC News - Business https://ift.tt/3aulu3r
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Google to pay Murdoch's News Corporation for stories

Rupert Murdoch has championed the idea that internet platforms should pay media companies for material. from BBC News - Business https://ift.tt/2OM7Gcm
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US charges three North Koreans over $1.3bn theft

They are accused of attempting to steal from some of the world's biggest corporations. from BBC News - Business https://ift.tt/3pwr1Lf
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Lord Frost: Brexit negotiator becomes Cabinet Office minister

Downing Street says the UK's Brexit negotiator will help forge trade ties with the European Union. from BBC News - Business https://ift.tt/3jYVnot
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Quarantine hotel rooms are 'like a prison'

Two days into the new hotel quarantine system and arrivals complain of poor planning and conditions. from BBC News - Business https://ift.tt/3bdnHj9
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Amazon sued by New York over 'deficient' Covid-19 response

The state's top prosecutor says Amazon has shown "flagrant disregard" for health and safety at its warehouses. from BBC News - Business https://ift.tt/3psNjO1
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Ryanair loses fight to block rivals' state aid

Bailouts granted to rivals Air France and Swedish carrier SAS were within the rules, court says. from BBC News - Business https://ift.tt/3dgtIOC
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Crispin Odey: Hedge fund manager denies indecent assault

Multimillionaire Crispin Odey allegedly put his hand down a woman's shirt and up her skirt, a court hears. from BBC News - Business https://ift.tt/3dnzs9s
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Covid: Court rejects self-employed mothers' sexual discrimination case

Campaigners from Pregnant Then Screwed argued the government's Covid support discriminated against mothers. from BBC News - Business https://ift.tt/3dl4T41
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House prices up 8.5% in 2020 amid tax holiday

Prices climbed at their fastest annual rate since October 2014, official figures show. from BBC News - Business https://ift.tt/3bcRsR9
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Ford to go all-electric in Europe by 2030

By the middle of 2026, all its cars will be available as electric or hybrid models, it said. from BBC News - Business https://ift.tt/3bbQl40
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Inflation: Cost of living up in January amid coronavirus curbs

Prices rose by 0.7% in the 12 months to January in the UK, up from 0.6% to December. from BBC News - Business https://ift.tt/2LY6AsZ
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China overtakes US as EU's biggest trading partner

China's demand for cars and luxury goods from Europe bounced back in 2020 as its economy recovered. from BBC News - Business https://ift.tt/3prvIpF
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Climate change: Don't raid home insulation scheme, MPs urge ministers

The government hopes to claw back money from a £1.5bn fund to promote home insulation. from BBC News - Business https://ift.tt/2Nz0D5Y
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Brexit: NI Protocol is 'only solution' despite challenges

EC vice president Maros Sefcovic says the NI deal is "administratively extremely challenging". from BBC News - Business https://ift.tt/37ggRrF
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Spy pixels in emails 'have become endemic'

Email app Hey reveals that two-thirds of the messages it handles contain the hidden trackers. from BBC News - Business https://ift.tt/2NC5KCr
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Medical cannabis: 'Convince people that you're serious'

Cannabis farmer turned medical research boss says you need to “convince people you are serious”. from BBC News - Business https://ift.tt/2ZpuIrm
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The hypercar maker who was told to give up his dream

Mate Rimac struggled to get anyone to believe that cutting edge sportscars could be made in Croatia. from BBC News - Business https://ift.tt/2ZjIU5d
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Citi loses fight to recoup mistaken payments

The bank had hoped to recover some of the nearly $900m it erroneously wired in August. from BBC News - Business https://ift.tt/3puGHhY
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Black McDonald's owner sues for racial discrimination

Herb Washington says the firm has retaliated after he raised concerns about the firm's treatment of black franchisees. from BBC News - Business https://ift.tt/3rYyFzF
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Neil Woodford relaunch plans spark call for inquiry

Activist Gina Miller calls for investigation into Woodford funds collapse and response. from BBC News - Business https://ift.tt/2OAPxho
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Marriott chief Arne Sorenson dies of cancer at 62

Arne Sorenson made Marriott the biggest hotel chain in the world. from BBC News - Business https://ift.tt/3rZ2lNc
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Bitcoin hits new record of $50,000

The digital currency has gained 72% so far in a volatile 2021. from BBC News - Business https://ift.tt/3pnRAC7
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Covid: Rapid tests and vaccines 'will allow venues to reopen' - minister

Those measures will "get our economy back on its feet", vaccines minister Nadhim Zahawi says. from BBC News - Business https://ift.tt/3jUAWch
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Asda: How to buy a £6.8bn supermarket for £780m

Asda has new owners - but they are borrowing £4bn to finance the deal. Will the debt burden be too great? from BBC News - Business https://ift.tt/3prsG4P
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What happened to Anthem? The blockbuster game that failed to find a community

BBC Sounds podcast Press X to Continue looks at what went wrong with the gaming flop Anthem. from BBC News - Business https://ift.tt/3jT6Ply
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Gumtree Shpock tie-up could raise fees and reduce choice, warns watchdog

The competition watchdog fears the sale of Gumtree by eBay to the owner of Shpock could lead to higher prices. from BBC News - Business https://ift.tt/3diTJwQ
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New WTO boss warns against vaccine nationalism

Ngozi Okonjo-Iweala says rich countries should not be allowed to vaccinate their people as poorer countries wait. from BBC News - Business https://ift.tt/37j6Hqu
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Amazon vs Reliance: Why are two of the world's richest men in court?

A tussle over an Indian grocery store pits Amazon and Reliance against each other in court. from BBC News - Business https://ift.tt/3u2BLo8
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450,000 families ‘behind on rent because of Covid’

One in 20 private renters say they have been refused rent reductions, a report says. from BBC News - Business https://ift.tt/3rY7rcp
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Covid: Rapid tests could help reopen nightclubs, PM suggests

Boris Johnson suggests testing clubbers and theatregoers to reopen venues that have been closed since March. from BBC News - Business https://ift.tt/3po1fZu
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Fake Amazon reviews 'being sold in bulk' online

A Which? investigation found 10 sites offering fake Amazon Marketplace reviews from as little as £5 each. from BBC News - Business https://ift.tt/3u1jTtD
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Mobile loan apps in India: 'They try to mentally break you'

We hear from people in India who say some mobile loan apps harass and intimidate those who use them. from BBC News - Business https://ift.tt/3tYTfBM
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Computer says go: Taking orders from an AI boss

As artificial intelligence systems get more prevalent, some of us already have computers as managers. from BBC News - Business https://ift.tt/37eH7Tj
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Jaguar car brand to be all-electric by 2025

JLR will launch electric models of its entire Jaguar and Land Rover line-up by 2030. from BBC News - Business https://ift.tt/37hOSrF
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Fallen fund manager Woodford’s return 'is a kick in the guts’

Not everyone has welcomed the public return of the star fund manager who fell from grace. from BBC News - Business https://ift.tt/3jOBwbF
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Pound hits three-year high on vaccination hopes

Sterling rises above $1.39 as the vaccine programme raises hopes that lockdown can be eased. from BBC News - Business https://ift.tt/3dgKI7s
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Mercedes emergency call bug: Carmaker recalls vehicles

Carmaker recalls more than a million vehicles after finding a bug in its emergency call software. from BBC News - Business https://ift.tt/2N9g0SP
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Travellers confront 'bizarre' quarantine rules

Travellers planning their return to the UK say the rules are confusing and sometimes "bizarre". from BBC News - Business https://ift.tt/3po3FqY
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HS2: Aerial footage shows what London to Birmingham route looks like now

Take a flight along phase one of the high-speed rail network – from London to Birmingham. from BBC News - Business https://ift.tt/2LR7U0J
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Bill Gates: Solving Covid easy compared with climate

Solving global warming would be “the most amazing thing humanity has done”, says the billionaire. from BBC News - Business https://ift.tt/3u1PviP
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Wetherspoons calls for pubs to reopen 'to save jobs'

The chairman of the chain is calling for pubs to reopen at the same time as non-essential shops. from BBC News - Business https://ift.tt/3amh0Mw
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Japan's economy shrinks 4.8% in 2020 due to Covid

The disappointing figure comes despite surging growth in the second half of the year. from BBC News - Business https://ift.tt/3al82yP
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At-home food selling concerning, says Food Standards Agency

Food sales through social media puts further pressure on a hygiene inspection system already under strain. from BBC News - Business https://ift.tt/2ZjfUuk
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Social businesses shut out of government support

Most 'ethical' banks don't offer bounce back loans, forcing hundreds of community-run businesses to close. from BBC News - Business https://ift.tt/2MYgwmV
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Ngozi Okonjo-Iweala set to be first African boss of WTO

Ngozi Okonjo-Iweala is set to be the first African and female boss of the World Trade Organization. from BBC News - Business https://ift.tt/2Zk2GO9
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Crown Resorts chief Ken Barton resigns amid money laundering scandal

Ken Barton steps down in the wake of allegations of money laundering within the Australian casino chain. from BBC News - Business https://ift.tt/3tWwI8B
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Deliveroo: Run Eat Out to Help Out again, says takeaway giant

The takeaway firm and 300 restaurant groups say it would boost the sector when restrictions ease. from BBC News - Business https://ift.tt/3jNCWDa
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Neil Woodford says 'sorry' as he announces new investment fund

The star fund manager who fell from grace vows not to repeat mistakes after investors saw big losses. from BBC News - Business https://ift.tt/3plFo4O
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Fine dining at home: 'It means I'm looking forward to Valentine's day'

The restaurants bringing their food to homes during lockdown from BBC News - Business https://ift.tt/37atvII
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Treasury scraps £95,000 cap on public sector pay-offs

Unions fought the move, saying it would have hit workers on salaries of £25,000 a year. from BBC News - Business https://ift.tt/3tTvdrO
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Leeds Bradford Airport expansion plans approved

The £150m scheme to redevelop the airport has come under fire from climate change campaigners. from BBC News - Business https://ift.tt/3plvr7A
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Brexit lorry chaos avoided as freight flows 'back to normal'

Internal government data says lorries are moving again, but some were empty as trade dropped. from BBC News - Business https://ift.tt/3ag8XAL
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Post-Brexit trade: 'If you don't speak French, you're stuffed'

Three traders, three sets of problems, weeks into the UK-EU deal company complaints continue rising. from BBC News - Business https://ift.tt/2NqONL9
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'I saved £5,000 by charging my electric car for free'

Drivers of electric vehicles are able to charge their batteries with free electricity, so how long might that last? from BBC News - Business https://ift.tt/3qid6d1
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Amazon sues NY amid threat of virus labour lawsuit

The retailer is seeking to block a lawsuit over its response to Covid-19 safety concerns. from BBC News - Business https://ift.tt/37beo1X
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Climate Change: Government may review road-building policy

It follows a legal challenge from campaigners, who argue the policy does not fit with climate targets. from BBC News - Business https://ift.tt/3besJMn
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Coca-Cola company trials first paper bottle

The test is first step towards all-paper bottle that can withstand pressure from fizzy drinks. from BBC News - Business https://ift.tt/377IHGx
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Help to Buy deadline extended amid Covid delays

A deadline to buy a home under the current Help to Buy scheme in England has been extended to the end of May. from BBC News - Business https://ift.tt/3penlhc
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Shell in Nigeria: Polluted communities 'can sue in English courts'

The UK Supreme Court's ruling is a victory for communities severely hit by pollution in the Niger Delta. from BBC News - Business https://ift.tt/3afliVI
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O2 fined £10m for overcharging customers

The regulator has hit O2 with the fine for years of overcharging on customers' final bills. from BBC News - Business https://ift.tt/3adtCoX
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Cumbria coal mine: What is the controversy about?

Cumbrian councillors are reviewing their support for a controversial coal mine near Whitehaven. from BBC News - Business https://ift.tt/3tNvWe4
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KPMG boss Bill Michael quits after 'stop moaning' row

Bill Michael resigns from the audit giant saying he is "truly sorry" his words "caused hurt". from BBC News - Business https://ift.tt/3qgigGf
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Lastminute.com faces legal action over holiday refunds

The online travel agent could be taken to court unless it pays £1m of refunds, the regulator says. from BBC News - Business https://ift.tt/3jFFFP5
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UK economy saw record contraction in 2020

The size of the economy shrank by 9.9% in 2020, the largest annual fall on record, official figures show. from BBC News - Business https://ift.tt/2MOKREl
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KPMG UK appoints first female leaders in 150 years

The accounting giant's current UK chairman was forced to step aside over alleged "stop moaning" remarks. from BBC News - Business https://ift.tt/3rDpynU
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UK economy poised like a coiled spring, says Bank economist

Andy Haldane says the economy will surge back this spring thanks to the vaccine programme rollout. from BBC News - Business https://ift.tt/2LHpqEr
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Biden warns China will "eat our lunch" on infrastructure spending

The US President's warning came after he had his first phone call with China’s President Xi Jinping. from BBC News - Business https://ift.tt/2N0wQ6v
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The cinemas now hiring out their screens to gamers

With cinemas badly hit by Covid-19 restrictions they are looking for new revenue streams. from BBC News - Business https://ift.tt/2LIIbHM
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Unemployment: 'I've had 200 interviews and don't have a job'

Workers aged under 24 are struggling to get jobs and are more likely to be laid off, research shows. from BBC News - Business https://ift.tt/3d5n0Lm
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Huawei takes HSBC to court as it tries to stop extradition

The Chinese giant is trying to stop the extradition of its chief financial officer from Canada to the US. from BBC News - Business https://ift.tt/3rXH0Ur
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Covid: 'My business could close because of insurance payout delays'

Small firms are still waiting for payouts for Covid-insurance claims, despite a court ruling that insurers must pay. from BBC News - Business https://ift.tt/3aPSjqs
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Bumble: Female-founded dating app tops $13bn in market debut

The listing of Bumble, which also owns Badoo, makes a billionaire of 31-year-old founder Whitney Wolfe Herd. from BBC News - Business https://ift.tt/3d4CvCY
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HS2: Next phase of controversial rail network gets green light

Legislation needed to clear the next stage of the controversial project has passed through Parliament. from BBC News - Business https://ift.tt/2Nm7XlG
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Holiday bookings jump despite 'confusion over rules'

The government is sending "a confusing message" on summer holidays, travel industry chiefs say. from BBC News - Business https://ift.tt/3tMfI4U
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GameStop investors on a wild ride: 'It was a rollercoaster of emotion'

Now that the dust has settled, who are the winners and losers in the GameStop saga? from BBC News - Business https://ift.tt/370Hv7U
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Financial pain of Covid 'not shared equally'

Young people and those from black and minority ethnic backgrounds have been harder hit, a regulator says. from BBC News - Business https://ift.tt/3aWezPK
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Royal Mail to retain 10,000 temporary workers

The postal service plans to retain many staff taken on over Christmas after deliveries hit record highs. from BBC News - Business https://ift.tt/3jFZENi
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Shell boosts 2050 net zero emissions targets

The oil giant has said its operations and emissions from its products will be net zero by 2050. from BBC News - Business https://ift.tt/3qcbwJF
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GameStop: Share buying mistakes 'on the rise'

Trigger-happy traders increasingly getting confused by stock market codes, say researchers. from BBC News - Business https://ift.tt/3a79XXB
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US Treasury: Yellen warns of 'explosion' of cybercrime risk

The US Treasury Secretary said the pandemic had made the situation worse as more criminals move online. from BBC News - Business https://ift.tt/3a9TG4w
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US airline set to buy flying electric taxis for airport runs

United Airlines plans to buy 200 of the aircraft to fly passengers to airports within the next five years. from BBC News - Business https://ift.tt/3d4EnvA
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Hustler founder and free-speech activist Larry Flynt dies aged 78

Flynt was also known for his legal battles that reinforced free speech rights in the United States. from BBC News - Business https://ift.tt/3aXvzVT
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Stamp duty holiday deadline 'is making us nervous'

A rush to complete sales before tax breaks end on 31 March is causing delays and calls for government help. from BBC News - Business https://ift.tt/3qb0W5E
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Shift to green energy 'could cost oil states $13 trillion' by 2040

Some countries could lose 40% of government revenue as the world cuts back on fossil fuels, says report. from BBC News - Business https://ift.tt/3d2p9rc
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EU could cut UK out of financial markets - Andrew Bailey

The Bank of England governor says Brussels wants to "dictate" financial rules to the City of London. from BBC News - Business https://ift.tt/2NgWLXa
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KPMG boss steps aside after 'stop moaning' comments

Bill Michael will step back as the audit giant investigates alleged comments that offended staff. from BBC News - Business https://ift.tt/3q8GPFf
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Trustpilot condemns legal action against reviewer

The website says it opposes any attempts to ‘silence consumers' freedom of speech’. from BBC News - Business https://ift.tt/3p9j0eQ
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TikTok's Oracle-Walmart deal could be off

The Biden administration may be taking a softer line on Chinese tech giants say industry watchers. from BBC News - Business https://ift.tt/3a8c5hP
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Travel chief scorns 'puerile' holiday plan warning

Transport Secretary Grant Shapps' call for people to pause summer holiday plans gets a rough reception. from BBC News - Business https://ift.tt/3cZuMWN
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Bitcoin consumes 'more electricity than Argentina'

The rising value of Bitcoin leads to ever-higher energy consumption, researchers say. from BBC News - Business https://ift.tt/3a3pQOR
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Birmingham Airport to get £18.5m emergency loan

Birmingham Airport says it welcomes support after passenger numbers fall by 91% due to Covid. from BBC News - Business https://ift.tt/3cYXRSh
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'Appoint staff that have experience'

Banking CEO David Velez says it is vital that bosses appoint staff who have experience of working in that industry. from BBC News - Business https://ift.tt/36XsW52
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Rihanna's Fenty fashion label to close down

The move comes less than two years after she and luxury goods group LVMH launched the brand. from BBC News - Business https://ift.tt/3rCFKWs
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Extra £3.5bn promised to tackle unsafe cladding

The funding will be used to remove material from high-rise buildings "at no cost to residents". from BBC News - Business https://ift.tt/3q8VlNb
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Sainsbury’s takes on Lidl in supermarket price war

The UK's second-largest supermarket joins Tesco in promising to price-match German discounter Aldi. from BBC News - Business https://ift.tt/3rETFvg
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Heineken cuts 8,000 jobs after Covid hits sales

The brewing giant said 2020 had been a year of "unprecedented disruption". from BBC News - Business https://ift.tt/2MOEyQU
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Cladding: Extra cash to deal with crisis expected to be announced

The housing secretary will make a statement later, as thousands face huge bills for safety renovations. from BBC News - Business https://ift.tt/2OeX8lA
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Twitter's 'extraordinary year' sees record revenues

The messaging platform saw healthy growth for earnings and user numbers as online activity boomed. from BBC News - Business https://ift.tt/3qaziph
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Crown Resorts: Australian casino firm 'not suitable' for Sydney gaming licence

A "damning" inquiry finds James Packer's Crown Resorts is not suitable to operate a casino in Sydney. from BBC News - Business https://ift.tt/3jBc6hw
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Huawei boss hopes for better relations with US

The US currently blocks the sale of key technical components to Huawei on national security grounds. from BBC News - Business https://ift.tt/2MH4UEF
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Universal Music jumps on the K-pop bandwagon

The world's biggest record label will invest in a livestreaming platform set up by company behind BTS. from BBC News - Business https://ift.tt/36XPtPl
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Beer and pub leaders plead for reopening date after sales halve in 2020

The industry shows the government a "roadmap to recovery" as it waits for a reopening date. from BBC News - Business https://ift.tt/3rxfT22
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Amazon worker fight: 'You're a cog in the machine'

Activists are trying to unionise Amazon workers in Bessemer, Alabama, which would be a first for the US - if they succeed. from BBC News - Business https://ift.tt/2Z4EmzH
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Hyundai: The carmaker aiming to become a tech firm

Hyundai is making a name for itself as an innovator, even though talks with Apple have fizzled out. from BBC News - Business https://ift.tt/3jwHRYT
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Investor group calls for Tesco healthy food plan

The UK has one of the highest rates of obesity in the world. from BBC News - Business https://ift.tt/36Zjr5h
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Barbie has best sales in more than five years in lockdown boost

The pandemic has been good for the toy industry. from BBC News - Business https://ift.tt/2MHJO9f
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KPMG boss apologises for 'stop moaning' outburst

In a meeting with members of his consulting team, Bill Michael was told about concerns over pay. from BBC News - Business https://ift.tt/3aNkXIR
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Bitcoin investors: From buying a Bentley to losing it all

People who have invested in Bitcoin share their stories. from BBC News - Business https://ift.tt/2YXJghX
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Whitehaven coal mine plan to be re-examined by council

Councillors will reconsider the planning application in the light of climate change advice. from BBC News - Business https://ift.tt/2OmEGrr
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Brexit worse than feared, says JD Sports boss

Chairman Peter Cowgill says the new EU trade deal has meant "double-digit millions" in extra costs. from BBC News - Business https://ift.tt/3q4oxVF
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I'm freezing - can I get a cold weather payment?

Cold weather payments are available to some as temperatures stay low. from BBC News - Business https://ift.tt/3aPOeCU
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Data watchdog probes £6,200 chocolate splurge

The Information Commissioner's Office says it believes the purchase broke its rules. from BBC News - Business https://ift.tt/3q8xk8M
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Covid-19: Travellers face £1,750 cost for England quarantine hotels

Arrivals in England from Covid hotspots also face possible £10,000 fines or jail if they break the rules. from BBC News - Business https://ift.tt/2LxIDZa
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Bitcoin hits fresh highs after Tesla investment

The cryptocurrency makes more gains after Tesla's $1.5bn vote of confidence. from BBC News - Business https://ift.tt/2N7A9sn
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Grocery shopping has changed for good, says Ocado

The online supermarket says the Covid pandemic has permanently changed the grocery landscape worldwide. from BBC News - Business https://ift.tt/3tAVfjD
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Holiday firm Tui set to run at 80% capacity this summer

The travel firm says 2.8 million customers have already booked holidays, 44% down on last year. from BBC News - Business https://ift.tt/3rGVPdT
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Chinese regulators throw spanner in Tesla's works

Elon Musk's electric vehicle firm has been summoned over quality and safety issues with its cars. from BBC News - Business https://ift.tt/3cVfZg0
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Universal Credit: Extend £20 benefit top-up for a year, say MPs

Ministers are urged not to replace weekly Universal Credit increase with a one-off payment next month. from BBC News - Business https://ift.tt/3a2wkha
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Jack Ma swaps drawings with fellow tech billionaire

The Alibaba founder and Japanese technology entrepreneur Masayoshi Son are close friends and share sketches. from BBC News - Business https://ift.tt/3tFLQXR
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Ho Ching: Head of Singapore's $230bn state fund Temasek steps down

Ho Ching has been at the helm of one of world's biggest investment funds, Temasek, for 17 years. from BBC News - Business https://ift.tt/3cV2xZC
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Robinhood: US family sue trading app over son's suicide

The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. from BBC News - Business https://ift.tt/36VRvzl
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Covid: Support 'repeatedly skewed towards men', say MPs

Gender inequalities in the economy have been ignored during the pandemic, a Commons committee says. from BBC News - Business https://ift.tt/2OkagGh
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Travellers to UK set to be tested after arrival

The new testing regime, to be announced soon, is aimed at tracking cases and detecting new variants. from BBC News - Business https://ift.tt/36Svi5m
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Brexit effect: No custard creams for Brits in Europe

A British supermarket chain in Belgium is on the verge of closure with no deliveries since December. from BBC News - Business https://ift.tt/3cR1BoY
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The computers rejecting your job application

A growing number of firms are using artificial intelligence to pass or fail jobseekers. from BBC News - Business https://ift.tt/2MMIdyF
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Bank Governor Bailey 'angry' at criticism over regulatory role

The Bank of England boss has rejected claims that reforms were too slow when he was head of the City watchdog. from BBC News - Business https://ift.tt/3juXUGC
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Brexit: What trade deals has the UK done so far?

The UK-EU agreement came into force on 1 January 2021, but what other trade deals has the UK done? from BBC News - Business https://ift.tt/2XfjbIP
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Covid: 'Clean up' awarding of contracts, says Labour

The party says the pandemic shows more transparency is needed for work given to private companies. from BBC News - Business https://ift.tt/3oZ4OVG
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Elon Musk's Tesla buys $1.5bn of Bitcoin causing currency to spike

The crypto-currency surges 14% as Tesla also said it could start accepting Bitcoin as payment. from BBC News - Business https://ift.tt/36W2Lvs
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High-risk gamblers generate 4% of Kindred revenue

The betting giant opens up on how much money it makes from customers showing signs of harmful gambling. from BBC News - Business https://ift.tt/36UJtXn
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Dorothy Perkins? Why would Boohoo want that?

Online fashion giant Boohoo has mopped up the last of Arcadia's retail empire - did it need them? from BBC News - Business https://ift.tt/3aJAh9l
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Boohoo buys Dorothy Perkins, Wallis and Burton brands

The online fashion retailer takes over the brands but not the shops from failed retail group Arcadia. from BBC News - Business https://ift.tt/2YXX1Nz
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China’s tech giants face new anti-monopoly rules

Chinese e-commerce giants Alibaba and JD.com could face greater scrutiny from state regulators. from BBC News - Business https://ift.tt/3cRjns4
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Oil prices climb back to pre-pandemic levels

Having hit an all-time low last year, oil has recovered on the hopes of a quicker economic turnaround. from BBC News - Business https://ift.tt/3q3dV9e
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Tesco tells Chancellor to hit online rivals with sales tax

Boss Ken Murphy has asked Chancellor Rishi Sunak for a "level playing field" when it comes to tax. from BBC News - Business https://ift.tt/2YVPQ8E
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Boohoo tells suppliers not to subcontract, raising job fears

The demand has caused concern among some suppliers about how they will pay to hire new workers. from BBC News - Business https://ift.tt/3oY7mUm
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Chinese users flock to Clubhouse amid soaring popularity

Chinese users have been joining Clubhouse to discuss Uighurs and Taiwan without being censored. from BBC News - Business https://ift.tt/3aKeKO0
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Puppy training a robotic dog points to the future

A robotic dog that can cope with new scenarios is an important stop in artificial intelligence. from BBC News - Business https://ift.tt/36L6L1R
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Rolls Royce plans summer shutdown to help cut losses

The plans are tentative because the company aims to thrash out an agreement with unions. from BBC News - Business https://ift.tt/2Oi8vt9
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Amazon 'paying less business rates than retailers'

Amazon has been accused of paying less business rates tax than British bricks and mortar retailers. from BBC News - Business https://ift.tt/2N1C2Xm
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Covid testing expanded to more workplaces in England

Businesses with more than 50 staff are now able to access lateral flow tests, which give rapid results. from BBC News - Business https://ift.tt/3tC4GPx
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Amazon after Bezos: The company that Jeff built

As Jeff Bezos prepares to step aside from the e-commerce juggernaut, we look at Amazon's success in charts. from BBC News - Business https://ift.tt/39VNblt
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Lastminute.com failed to meet Covid refund deadline

Online travel agent Lastminute.com failed to refund Covid-hit holidays by January deadline. from BBC News - Business https://ift.tt/39RW1AJ
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How will we heat homes in zero carbon Britain?

Will hydrogen or heat pumps be able to replace gas central heating? from BBC News - Business https://ift.tt/3rw6qrF
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Rishi Sunak offers more help to 1.4m firms repaying Covid loans

Chancellor Rishi Sunak offers "pay-as-you-grow" option to 1.4 million firms repaying Covid loans. from BBC News - Business https://ift.tt/2YSr88Q
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Biden ends deadlock over first African and first woman to lead WTO

Ngozi Okonjo-Iweala had been frontrunner for the role but was opposed by the Trump administration. from BBC News - Business https://ift.tt/39OWHXz
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Mark Carney: Climate crisis deaths 'will be worse than Covid'

Former Bank of England governor Mark Carney calls for more investment to tackle the climate crisis. from BBC News - Business https://ift.tt/3aHB6iW
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'I harvest 70 million daffodils a year but £1 a bunch can't last'

Daffodils are cheap and cheerful but while prices never rise, production costs do, says one farmer. from BBC News - Business https://ift.tt/3jmJYi0
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Bounce back loans: Hunting down the Covid loan fraudsters

The BBC's been given exclusive access to the unit tracking down Covid loan fraudsters. from BBC News - Business https://ift.tt/2MYdIFM
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US job growth sluggish as virus hampers recovery

The US economy added just 49,000 jobs in January, with the hospitality sector still shedding workers. from BBC News - Business https://ift.tt/3jmotxL
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House price rises 'could be running out of steam’

The Halifax says prices fell last month and are likely to come under pressure in the months ahead. from BBC News - Business https://ift.tt/3cJ2yQf
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Peloton deliveries hit by Brexit and port delays

The company is struggling to keep up with surging demand for its exercise machines during the pandemic. from BBC News - Business https://ift.tt/3cJxGz6
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Brexit leaves a bitter taste and a mountain of clothes

North East firms say they have hit hurdles since the Brexit trade agreement came into force. from BBC News - Business https://ift.tt/3rsclyh
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French Connection gets two takeover approaches

The struggling fashion retailer says the talks with two suitors are at an early stage. from BBC News - Business https://ift.tt/3rsGxcf
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Energy prices to rise for millions of households

The average customer on a default tariff is likely to see their annual bill increase by £96 in April. from BBC News - Business https://ift.tt/3cJSoyS
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Covid-19: Pub closures will 'waste 87 million pints of beer'

The hospitality industry asks the government for more post-lockdown help in the March Budget. from BBC News - Business https://ift.tt/39QffHa
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Myanmar coup: Beer giant Kirin pulls out of partnership

One of the world's largest brewers Kirin has repeatedly faced pressure from human rights groups. from BBC News - Business https://ift.tt/3jvuW9X
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Kuaishou share price nearly doubles on market launch

The Chinese streaming app is one of the most hotly-anticipated stock market debuts this year. from BBC News - Business https://ift.tt/3rlhGXW
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Forget Frankfurt and Paris, says Barclays boss

Brexit gives one of the UK's most important sectors the chance to define its own agenda, he said. from BBC News - Business https://ift.tt/3oPjeYK
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Brexit: 71 pages of paperwork for 1 lorry of fish

How new rules on exporting to the European Union have affected a British fishing firm. from BBC News - Business https://ift.tt/3ayy2pw
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Coronavirus: 'I quit my job to home school my son'

Mothers say they are struggling to juggle work and school closures, and employers don't understand. from BBC News - Business https://ift.tt/3jmH7ps
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The race to create the world's next super-app

Chinese companies lead the way in super-apps but where is the next one coming from? from BBC News - Business https://ift.tt/3cH9hKd
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How will 'chipageddon' affect you?

Carmakers and consumer-gadget companies are struggling to source enough computer chips. from BBC News - Business https://ift.tt/3tvRV99
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Is high-speed rail travel on a track to nowhere?

The recently scrapped Singapore-Kuala Lumpur train link isn't the only such project to struggle. from BBC News - Business https://ift.tt/3aAkSs3
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Rare black Fortune 500 chief Ken Frazier to retire

Merck chief executive Ken Frazier is just one of four black executives leading a major US company. from BBC News - Business https://ift.tt/3jiwqnz
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Covid hotel quarantine 'to start on 15 February'

Accommodation for more than 1,000 new people every day will be required, the BBC learns. from BBC News - Business https://ift.tt/3trXJRb
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More Cadbury Dairy Milk production to return to Bournville

It means a £15m investment in Cadbury's Birmingham plant by owners Mondelez International. from BBC News - Business https://ift.tt/2MSD6wP
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Dogecoin takes off after tip by Elon Musk

The currency has risen more than 800% in the year so far. from BBC News - Business https://ift.tt/3cFi5Ao
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Vale dam disaster: $7bn compensation for 270 killed

The money will go to survivors and families of 270 people killed in the Brumadinho disaster in 2019. from BBC News - Business https://ift.tt/2MCvrme
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McKinsey agrees $573m opioid settlement in US

The consultancy said it still believed its past work advising opioid manufacturers was legal. from BBC News - Business https://ift.tt/3tqMkAV
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Heathrow workers to launch February strike action

Workers will start a wave of action on Friday, but Heathrow says the airport will keep operating. from BBC News - Business https://ift.tt/3rpWcci
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Bank of England: Economy to rebound strongly due to vaccine

Policy makers expect a rebound in the spring as people become more confident about spending. from BBC News - Business https://ift.tt/3axnx5M
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Teletext Holidays investigated over missing Covid refunds

The competition watchdog is looking into complaints the firm failed to refund trips cancelled by Covid. from BBC News - Business https://ift.tt/3ttImaI
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So what is Jeff Bezos going to do now?

After stepping down as CEO of Amazon, Bezos says he will focus on his 'other passions'. from BBC News - Business https://ift.tt/3aAA4W7
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Compass to pay for half-term food after free school meals 'fell short'

The owner of the firm that sparked January’s school meals outcry promises to pay for half-term food. from BBC News - Business https://ift.tt/3cDTBYa
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Royal Dutch Shell sees huge loss as pandemic hits oil demand

The oil giant reported a net loss of £16bn for 2020 as the coronavirus pandemic caused demand to slump. from BBC News - Business https://ift.tt/2MSuE0m
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UK and EU in 'constructive discussions' over NI trade row

Both sides have vowed to "work intensively" to solve post-Brexit trade problems in Northern Ireland. from BBC News - Business https://ift.tt/3roODCH
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Capitol riots: Parler boss says he has been fired by the board

The "free speech-driven" social media platform has been largely offline since Capitol riots. from BBC News - Business https://ift.tt/2YGHKkb
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Brits snap up Australian wine that didn't go to China

The UK is now the top destination for Australian wine as it looks to overcome crippling Chinese taxes. from BBC News - Business https://ift.tt/3pZewss
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Chip shortage hits General Motors production

Multiple plants will be affected next week due to backlogs affecting the whole car industry. from BBC News - Business https://ift.tt/3rj3EG9
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Amazon: Five things we know about new boss Andy Jassy

The executive will take over from Jeff Bezos later this year, but what's he like? from BBC News - Business https://ift.tt/3rqrTm9
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eBay boosted by Christmas surge in online orders

eBay saw sales jump as shoppers turned to online shopping for Christmas presents during lockdown. from BBC News - Business https://ift.tt/39IGGT8
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White boys' club? New tales from the City

Hedonistic, ruthless and elitist. That's how the financial industry has usually been portrayed on screen, but how true to life is this? from BBC News - Business https://ift.tt/3oPhTkq
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CEO Secrets: 'Mums at work don't take any nonsense, there's no time'

Louise O'Shea, head of Confused.com, shares her business advice for the CEO Secrets series. from BBC News - Business https://ift.tt/3rhSEZL
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Beckham-backed cannabis skincare firm to list in London

Cellular Goods sold a stake to DB Ventures, the footballer's investment firm, Sky News reported. from BBC News - Business https://ift.tt/3awspbd
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Black bosses 'shut out' by 'vanilla boys' club'

There are no black people in the top three jobs at any FTSE 100 firm, research shows. from BBC News - Business https://ift.tt/3cCXpJ9
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Sergey Brin: Google co-founder sets up family firm in Singapore

The world's ninth-richest person, Sergey Brin, is setting up a company in the city-state to manage his wealth. from BBC News - Business https://ift.tt/3ath8sf
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Alibaba revenues soar but Ant Group float uncertain

The e-commerce giant's revenues were up 37% thanks largely to a strong economic recovery in China. from BBC News - Business https://ift.tt/3tnfZLh
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Ryanair rapped over 'misleading' Covid adverts

The Advertising Standards Authority got 2,370 complaints - the third most of any advert. from BBC News - Business https://ift.tt/3pKkNZ1
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Brexit: UK to set up new state aid rules for business

Business Secretary Kwasi Kwarteng wants local and regional authorities to have more power over subsidies. from BBC News - Business https://ift.tt/3toWaUe
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Bebo chief reveals plan to take on Facebook and Twitter

Michael Birch sold Bebo for $850m in 2008, but now plans to revive it with a focus on profiles. from BBC News - Business https://ift.tt/3aodKPk
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'Dive through the window of opportunity'

Technology boss Steve Killelea says entrepreneurs must act fast when a business opportunity arises. from BBC News - Business https://ift.tt/2LdioHj
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The tough little bottles crucial to fighting Covid

Vials made of extremely tough glass are being made by the million to hold Covid vaccines. from BBC News - Business https://ift.tt/2NOymsk
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Big tech: I kept a data video diary

Technology reporter Zoe Kleinman keeps a video diary of the times she shares data with tech companies. from BBC News - Business https://ift.tt/3jd4q4S
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Google owner Alphabet sees record growth as ad spend soars

Alphabet's revenues jump as advertisers unleash spending on Google during the pandemic. from BBC News - Business https://ift.tt/2MjVGht
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Jeff Bezos to step down as Amazon chief executive

The Amazon founder becomes executive chairman, a move he says will allow him to focus on other ventures. from BBC News - Business https://ift.tt/3pHWrPJ
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Amazon settles claims it pocketed delivery drivers' tips

The e-commerce giant will pay $61.7m after an investigation by US regulators. from BBC News - Business https://ift.tt/3rmoyVb
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Exxon plunges to first loss in decades as pandemic chokes off demand

The firm is in the midst of drastic cuts as it bows to economic and activist pressure for change. from BBC News - Business https://ift.tt/3pUq0Oh
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Tesla recalls US vehicles over failing touchscreens

It follows demands from the National Highway Traffic Safety Administration. from BBC News - Business https://ift.tt/39FF5gT
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EU shellfish import ban permanent, UK fishing industry told

The government promises to push Brussels to change its transport rules on scallops, clams and mussels. from BBC News - Business https://ift.tt/3av8Obg
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GameStop: Real Wolf of Wall Street warns 'you could lose it all'

Jordan Belfort say amateurs should "take their chips off the table" after stocks surge on speculation. from BBC News - Business https://ift.tt/2Lah0VS
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Centrica boss 'was posted excrement' amid pay row

The boss of the British Gas owner defends "fire and rehire" plans amid protests from staff. from BBC News - Business https://ift.tt/3oN6lhS
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Pfizer expects $15bn sales of Covid-19 vaccine

Drugs giant raises 2021 profit forecast as many countries scramble to vaccinate their populations. from BBC News - Business https://ift.tt/36yTv0n
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Viagogo must sell StubHub's non-US business

The UK's competition watchdog says the merger between the ticketing firms could lead to higher fees. from BBC News - Business https://ift.tt/3j7ckwJ
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Buy now, pay later firms such as Klarna face stricter controls

The financial regulator says it would be easy for customers to build up unseen debts of £1,000. from BBC News - Business https://ift.tt/3cuAvUs
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Online gambling faces new restrictions

A new package of measures is designed to make online casino games less intensive and safer. from BBC News - Business https://ift.tt/39Ey2F5
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Scrap interest on student loans, say vice-chancellors

Call to wipe interest on student loans in England for 15 months, as ministers offer £50m support fund. from BBC News - Business https://ift.tt/3cyIpMK
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Brexit bureaucracy: 'These are not just teething problems'

A seafood firm describes the multiple checks, form filling and severe delays in getting their products to the EU post-Brexit. from BBC News - Business https://ift.tt/3jaDPFB
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Brexit: UK fashion industry warns it faces threat to survival

More than 400 industry figures tell Boris Johnson post-Brexit trade rules risk destroying the sector. from BBC News - Business https://ift.tt/3cxVvcQ
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Military coup likely to damage Myanmar's economy

Businesses say the army's takeover has already put billions worth of foreign investment at risk. from BBC News - Business https://ift.tt/36BtKfU
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Topshop: 'I haven't bought clothes in a shop for years'

Some of us won't be rushing back to the High Street even when it's allowed again. from BBC News - Business https://ift.tt/3pLqPc8
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Wealthy home workers retreat to their sheds

Those who want to put some space between the home and the office are taking the garden path. from BBC News - Business https://ift.tt/3jfl4kj
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Electric cars: Rollout of charge-points still to slow

The charge-point infrastructure may not be ready for when new petrol and diesel cars are banned. from BBC News - Business https://ift.tt/2LfF21W
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Home working increases cyber-security fears

IT experts say that with people working from home the risk of hacking has increased. from BBC News - Business https://ift.tt/39ClePH
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George Osborne departs newspaper role for investment bank

The Standard's editor-in-chief and advisor at finance giant BlackRock joins a boutique bank with 13 staff. from BBC News - Business https://ift.tt/3j4tICc
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Cladding: Safety improvement costs 'are taking over our lives'

Labour calls for extra help for homeowners hit by large bills, as ministers promise more action. from BBC News - Business https://ift.tt/3j4ETL2
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Nintendo Switch sales surge past those of the 3DS

The Japanese firm's latest console has sold about four million more units than its predecessor. from BBC News - Business https://ift.tt/3cuwEqz
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Three takeaways from India's 'pandemic budget'

Spending has more than doubled on healthcare as the economy reels from the effects of coronavirus. from BBC News - Business https://ift.tt/3j7vTol
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Airbus staff in Flintshire vote on work-hours cut plan to save jobs

Staff at the Flintshire wingmaker will find out later if their working week will be reduced by 10%. from BBC News - Business https://ift.tt/36LyhMX
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Ryanair forecasts 'strong return' of beach holidays this summer

Boss Michael O'Leary thinks travel restrictions will be dropped once high risk groups are vaccinated. from BBC News - Business https://ift.tt/39BiPVd
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