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Showing posts from March, 2022

Energy price cap: Bill shock for millions as rises hit

A host of essential bills - dominated by energy - are rising from now with warnings of more to come. from BBC News - Business https://ift.tt/D5A1Yvz

Five reasons why prices and bills are going up

The soaring cost of living is affecting millions of people in the UK. These five charts explain why. from BBC News - Business https://ift.tt/DnOQA4k

How we pay the bills: Skipping meals and fewer car journeys

Three households facing a rise in energy costs tell the BBC how they will make it work. from BBC News - Business https://ift.tt/MGOZhf5

Energy price cap: Expert money hacks to tackle rising bills

Four experts share practical ways to protect your finances and soften the blow of rising bills. from BBC News - Business https://ift.tt/jNTAu8Z

Energy price cap rise: 'I've taken a second job'

Daniel Cooke, a construction site manager from Somerset, has taken a second job to pay rising energy bills. from BBC News - Business https://ift.tt/DHgrtaf

Facebook in 'bare-knuckle' fight with TikTok

The Washington Post alleges a consultancy was paid by Meta to promote stories of dangerous TikTok trends. from BBC News - Business https://ift.tt/VbEZFUY

'We're putting up prices to cope with VAT rise'

With hospitality businesses facing soaring costs, some are warning they will have to increase prices. from BBC News - Business https://ift.tt/49ah8Fy

Ronin Network: What a $600m hack says about the state of crypto

The hack of the Ronin Network crypto platform leaves thousands out of pocket and plenty of questions. from BBC News - Business https://ift.tt/qslaNJ8

Ukraine conflict: Russia to allow unauthorised imports from West

The decision is in response to Western sanctions and surging inflation since the war in Ukraine. from BBC News - Business https://ift.tt/nH2ZjPN

Why are energy bills so high and when should I take a meter reading?

Electricity and gas bills for a typical household will go up £693 a year in April. from BBC News - Business https://ift.tt/f5HdPoE

P&O Ferries: UK plans to block ferries that don't pay minimum wage

Grant Shapps has set out new industry measures after the sacking of 800 P&O Ferries staff. from BBC News - Business https://ift.tt/fGPjUMl

Germany warns on gas supply over Russia payment row

Germany takes the first step towards gas rationing as a payments row with Russia escalates. from BBC News - Business https://ift.tt/asCAHdV

Afghanistan: World Bank freezes projects over girls' school ban

The Taliban's decision to halt the reopening of girls' secondary schools has been widely condemned. from BBC News - Business https://ift.tt/9gJUnLr

Going cashless would be a big problem for millions - RSA report

Only 17% of payments are in cash but millions would struggle without notes and coins, a report says. from BBC News - Business https://ift.tt/a5TFlUp

'We see the queue for food growing day by day'

An anti-hunger charity sees unprecedented demand for surplus food during cost of living crisis. from BBC News - Business https://ift.tt/AnZHdmD

Grieving families face extra fees and paperwork, says consumer group

A consumer group calls for the end of extra charges and overwhelming paperwork when a loved one dies. from BBC News - Business https://ift.tt/2jLpGlS

Unions criticise plans to tackle fire and rehire in wake of P&O sackings

The TUC said government plans in the wake of the P&O sackings "lack bite". from BBC News - Business https://ift.tt/p5esI2A

Waitrose in row with Asda over 'Just Essentials' budget range

Rival supermarket Waitrose says its own similarly-named discount brand "Essential" range is trademarked. from BBC News - Business https://ift.tt/I0XWBcC

P&O Ferries says sacking U-turn would cause collapse

P&O's boss hits back at the transport secretary after he called on the company to reverse its decision. from BBC News - Business https://ift.tt/oHibxAN

P&O: Second ferry detained over safety concerns

The Maritime and Coastguard Agency held the Pride of Kent in Dover after it failed a safety inspection. from BBC News - Business https://ift.tt/9PmtxI2

Eagle and Sunak on poverty claims after Spring Statement

Rishi Sunak says his Spring Statement measures are a "progressive" package that will not add to inflationary pressures. from BBC News - Business https://ift.tt/IhHLj23

Cadbury shrinks size of Dairy Milk sharing bar

Despite the size of the chocolate bar getting 10% smaller, the £2 price tag will remain. from BBC News - Business https://ift.tt/eGCiUBA

Energy strategy delayed amid Treasury concerns over costs

The PM promised the plan "in days" in early March, but the BBC understands the Treasury is worried about costs. from BBC News - Business https://ift.tt/LbvPQkS

Calls for Sainsbury's to pay all workers Real Living Wage

A group of investors wants the supermarket to ensure pay covers the rising cost of living. from BBC News - Business https://ift.tt/n8RPjpb

Government no longer majority owner of NatWest

The Treasury sells £1.2bn of shares back to NatWest Group after it bailed out the bank in 2008. from BBC News - Business https://ift.tt/RBSXnrp

Shanghai Covid: Oil prices slide after city starts lockdown

The nine-day lockdown of Shanghai is China's largest since the coronavirus outbreak began. from BBC News - Business https://ift.tt/olAvp70

Big regional divide on some energy bill charges

Rises in standing charges on electricity bills will vary significantly according to where people live. from BBC News - Business https://ift.tt/rqsJ6Qo

Ferry firms to meet officials over P&O fallout

Bosses from DFDS and Stena Lines will meet transport officials to discuss fallout from P&O's sackings. from BBC News - Business https://ift.tt/Dsfp6w7

M&S sorry after shopper got 100 wrong parcel texts

Marks & Spencer apologises for sending customers photos and locations of other people's parcels. from BBC News - Business https://ift.tt/qWRLG0N

Canada pledges to help countries stop using Russian oil

Canada says its can provide more oil, gas and uranium to help solve the global energy crisis. from BBC News - Business https://ift.tt/EF7Kn8L

Ukraine war: Chernobyl’s vodka producer remains defiant

A company that produces Chernobyl’s ‘Atomik vodka’ releases new products, donating profits to Ukraine's refugees. from BBC News - Business https://ift.tt/alL7wtr

Sizewell C nuclear power station: Government to take 20% stake

French developer EDF will also take a 20% stake in the £20bn power station at Sizewell, in Suffolk. from BBC News - Business https://ift.tt/6neS54M

P&O Ferries: Protests at ports against sackings

There are safety concerns over using cheaper replacement crews, as one ship is found to be "unfit to sail". from BBC News - Business https://ift.tt/YplkGhj

HMRC must do more to recover taxes unpaid due to pandemic, say MPs

The total tax debt in the UK now stands at £39bn, more than double what it was before the pandemic. from BBC News - Business https://ift.tt/Y4uzXFB

Rishi Sunak denies link to Russia through firm part-owned by wife

An Indian software giant part-owned by the chancellor's wife has kept its presence in Moscow. from BBC News - Business https://ift.tt/6FKW3h0

P&O boss should resign, says transport secretary Grant Shapps

Grant Shapps calls for Peter Hebblethwaite's resignation after the no-notice sacking of 800 staff. from BBC News - Business https://ift.tt/KpTRLUM

Retail sales fall in February as Covid restrictions ease

Retail sales fell by 0.3% in the month as online sales sank back and stormy weather hit the UK. from BBC News - Business https://ift.tt/qRxtdbz

Russia considers accepting Bitcoin for oil and gas

'Friendly' countries may be allowed to pay for energy with crypto-currency amid widespread sanctions. from BBC News - Business https://ift.tt/X517AHJ

Spring Statement: Is this really the biggest personal tax cut for 25 years?

The Spring Statement cut some taxes but, overall, the government has raised taxes in the past year. from BBC News - Business https://ift.tt/7mODg2i

Europe agrees new law to curb Big Tech dominance

Under the rules major firms like Apple and Google would have to open up their systems to rivals. from BBC News - Business https://ift.tt/BLAjJhk

Diary giant warns of supply issues unless wages rise

The UK's largest diary says its farmers are struggling to cover costs due to rising production prices. from BBC News - Business https://ift.tt/HFvEtRo

Electric car chargepoints to rise 10-fold by 2030 says DfT

The number of chargepoints will be five times more than the number of fuel pumps today, DfT says. from BBC News - Business https://ift.tt/Ral97Vj

Small business owners: 'We're taking the hit'

Many entrepreneurs are struggling to balance soaring costs and keep their businesses profitable. from BBC News - Business https://ift.tt/RkYDn6T

More than a million to be pushed into poverty, says think tank

The Resolution Foundation says 1.3 million people will not be able to afford basic necessities next year. from BBC News - Business https://ift.tt/mH1wrVJ

Russia's cost of living soars by more than 14%

Household staples such as sugar and onions have surged following the country's invasion of Ukraine. from BBC News - Business https://ift.tt/JjnPgWM

Jeffrey Epstein's private islands put up for sale

The financier was accused of sexually abusing girls on one of the two Caribbean islands on sale. from BBC News - Business https://ift.tt/KdmncZ2

Ukraine war: Fortnite owner Epic Games raises £37m for humanitarian efforts

Video game developers, publishers and players come together to raise millions for Ukraine. from BBC News - Business https://ift.tt/tVd68BQ

CEO Secrets: 'Don't be trapped by your job title'

Roberta Lucca, co-founder of video games company Bossa Studios, shares her business advice for our CEO Secrets series. from BBC News - Business https://ift.tt/Vj73tCM

Fuel duty cut by 5p a litre to help motorists

The cut will come into force at 6pm on Wednesday as drivers struggle with record fuel prices. from BBC News - Business https://ift.tt/THyDpRW

Nestle pulls KitKat and Nesquik out of Russia

The Swiss food giant drops some popular brands, but will still sell baby food and medical nutrition. from BBC News - Business https://ift.tt/3Yn8QZf

Spring Statement: Key points at a glance

The chancellor lays out his Spring Statement amid a cost of living squeeze. Here's what you should know. from BBC News - Business https://ift.tt/lDOpAFv

UK growth forecasts slashed due to Ukraine war

Economic forecaster says there is an "unusually high uncertainty" over outlook because of the Ukraine war. from BBC News - Business https://ift.tt/WyMCQLn

PM: 'It looks like P&O mass sackings broke the law'

Boris Johnson says P&O Ferries could face fines of "millions" after sacking 800 staff suddenly. from BBC News - Business https://ift.tt/PRMfdng

Inflation hits new 30-year high ahead of Sunak statement

Inflation hit 6.2% in February, laying bare the challenge the chancellor faces ahead of his Spring Statement. from BBC News - Business https://ift.tt/hGjm85Z

South Korea sued to stop deep-sea gas pipeline

Aboriginal people want to prevent South Korea from funding a gas development in the Timor Sea. from BBC News - Business https://ift.tt/ucFHiP1

US rolls back Trump-era tariffs on UK steel

The deal follows similar agreements the US has reached with allies including the European Union. from BBC News - Business https://ift.tt/4I56BwM

P&O Ferries defends job cuts as some to get £100,000

Ferry operator shares details of redundancy packages which include 40 seafarers getting £100,000 each. from BBC News - Business https://ift.tt/yIu1V9e

Shell reconsiders its exit from oil field off Shetland

The oil giant is looking again at the Cambo oil field in the North Sea, as crude prices rise. from BBC News - Business https://ift.tt/GVn96wy

South East Asia feels economic pinch of Ukraine war

Businesses hoping to recover from Covid are feeling the effects of Russia's invasion of Ukraine. from BBC News - Business https://ift.tt/NshzyCR

Disabled people struggling to pay fuel bills could double

Charities estimate 2.1 million people with disabilities will be in fuel poverty if bills hit £3,000 a year. from BBC News - Business https://ift.tt/bI5gm6Y

Not smart but clever? The return of 'dumbphones'

Why sales of very basic mobile phones, without apps and internet connection, are increasing. from BBC News - Business https://ift.tt/lb3mJve

UK government mulls move to take over Gazprom unit

The BBC understands that the UK division of Russian gas giant Gazprom could be placed into administration. from BBC News - Business https://ift.tt/POonNaF

New P&O crew on less than £2 an hour, union claims

The RMT union says Indian seafarers recruited to work in Dover are on rock bottom rates. from BBC News - Business https://ift.tt/ewaHLnD

Spring Statement: What to expect on fuel, pensions and benefits

The Ukraine war and rising living prices means Rishi Sunak faces pressure to take fresh action to help. from BBC News - Business https://ift.tt/acf617L

Cost of living worries: Unions push further on pay as inflation soars

Any pay increase that still falls short of price rises means a cut for workers, a union boss says. from BBC News - Business https://ift.tt/vOnxDjQ

Free-range eggs no longer available in UK due to bird flu

They will be relabelled "barn eggs" because hens have been kept inside for weeks to tackle bird flu. from BBC News - Business https://ift.tt/mtnZVYw

Moscow stock market reopens for some bond trading

Trading in bonds issued by the Russian government has restarted but other business remains suspended. from BBC News - Business https://ift.tt/dTm6Kxj

Cost of living: One in five expect to go into debt this year, survey says

Nearly half of people surveyed expect to use up savings to cover rising living costs, a debt charity finds. from BBC News - Business https://ift.tt/M1yzR7S

Saudi Aramco ramps up investment to boost production

The state energy firm Saudi Aramco said it would increase investment after profits more than doubled in 2021. from BBC News - Business https://ift.tt/Sq9Mz4b

P&O Ferries' sackings were appalling, says Sunak

The government is examining the legality of the ferry firm's actions, the chancellor confirms. from BBC News - Business https://ift.tt/OfjBPhK

P&O: Agency worker describes Cairnryan 'mystery bus tour'

Mark Canet-Baldwin was driven to a P&O dock and says he was kept in the dark about the situation. from BBC News - Business https://ift.tt/TY4inPb

Burger King Russia partner 'refused' to shut shops

Restaurant Brands International says it demanded that its local operator close its Russian restaurants. from BBC News - Business https://ift.tt/zWGZhdn

P&O Ferries backlash grows after firing 800 workers

Staff, MPs and unions express outrage and travellers are told to expect disruption. from BBC News - Business https://ift.tt/Kgc3Vh4

Ukraine's restaurants rally to the war effort

From chefs to suppliers, the country's food industry is pulling together to feed the population at war. from BBC News - Business https://ift.tt/UVcXKnr

Airline giant Delta warns oil increases mean higher ticket prices

The jump in oil prices since Russia invaded Ukraine is set to lead to higher airfares. from BBC News - Business https://ift.tt/UNQHJoA

Ukraine war: Fraudsters exploit crisis to steal money

Fraudsters are masquerading as victims of the war in Ukraine to trick people into sending money. from BBC News - Business https://ift.tt/9kEV3lT

Interest rates: What are they and why do they matter?

The Bank Rate is one of the main tools used to keep the UK economy growing steadily. from BBC News - Business https://ift.tt/Et4koGL

Ukraine war could hit global growth, OECD warns

The organisation warns the conflict in the region could reduce global economic growth by more than 1%. from BBC News - Business https://ift.tt/uXBOLMl

Ocado sales hit as workers return to the office

The online grocer says its sales have fallen in recent months as people revert to pre-pandemic habits. from BBC News - Business https://ift.tt/lZIL62J

UK introduces exhaustive Online Safety Bill

Under its rules, social networks could be fined or blocked if they fail to remove harmful content. from BBC News - Business https://ift.tt/1wBJRyX

Universal credit claimants 'overwhelmed' by debt

Many people getting universal credit can't cover the rising cost of living, says charity. from BBC News - Business https://ift.tt/JSzLUMt

Why your fish and chips may cost a lot more

The conflict in Ukraine is a long way from the UK but it means fish and chip shops are seeing prices soar. from BBC News - Business https://ift.tt/bEBmlJg

Church of England pressures TotalEnergies over Russia business

The church's investment funds want TotalEnergies to leave Russia, like rivals BP and Shell. from BBC News - Business https://ift.tt/pbRe3ZU

Heathrow Airport drops Covid face mask rules

The UK's largest airport joins British Airways and Virgin Atlantic in easing mask-wearing rules. from BBC News - Business https://ift.tt/r8wY7FO

Companies fined for marketing calls targeting elderly

Unwanted calls were made to thousands of older people including some with dementia, a watchdog says. from BBC News - Business https://ift.tt/ABId1tJ

Afghans turn to cryptocurrencies amid US sanctions

US sanctions, failing banks, and the drying up of foreign aid have left Afghanistan's economy in tatters. from BBC News - Business https://ift.tt/FkaLCZw

The popular apps aiming to tame the chaos of family life

How tech is helping young families and couples regain their busy social lives after Covid. from BBC News - Business https://ift.tt/c9z3AUi

UK gets first new-style pylons in a century

The new style of electricity pylon is designed to reduce the impact on the local environment. from BBC News - Business https://ift.tt/PGbroWy

Chip giant Arm set to axe 15% of its staff after deal fails

The UK technology firm could cut hundreds of jobs after its $40bn sale to US chipmaker Nvidia failed. from BBC News - Business https://ift.tt/i2q8NLy

How barista training opens doors for refugees

Pranav Chopra founded a social enterprise scheme that empowers refugees into work. from BBC News - Business https://ift.tt/Qj4Lw3H

The innovative surfing tech making waves

The sport of surfing is modernising, using technology to offer bigger, better and safer thrills. from BBC News - Business https://ift.tt/YX8TOsl

Petrol prices set to ease after hitting record highs

Fuel prices are expected to peak this week before falling due to the price of oil dropping globally. from BBC News - Business https://ift.tt/cHpK2JV

Inflation: Sports bras in, doughnuts out of cost of living measure

Pet collars and frozen Yorkshire puddings are other goods now used to measure changes in the cost of living. from BBC News - Business https://ift.tt/nyfSMLl

Cost of living: Food boss says prices could rise by up to 15%

The boss of food firm 2 Sisters warns prices will jump as a result of the war in Ukraine. from BBC News - Business https://ift.tt/1JWuS7r

Ukraine crisis: US warns China against helping Russia

US officials say Russia asked China for military support and help in evading sanctions. from BBC News - Business https://ift.tt/MwvoO2m

Delaying National Insurance rise would be 'no problem'

Sir Charlie Bean, who recently left the Office for Budget Responsibility, says the move could be delayed. from BBC News - Business https://ift.tt/NUtrOzS

'Young people may have 10-plus careers in their lifetime'

A charity competition is encouraging school kids to get entrepreneurial and make their own products. from BBC News - Business https://ift.tt/uONl7WM

Energy boss: US gas exports can 'easily' replace Russian

The CEO of the largest natural gas company in the US says American exports to Europe can 'easily' replace Russian supply from BBC News - Business https://ift.tt/G3JB9tf

Unions warn of job losses if rail firms close ticket offices

Train operators are talking to unions about how to address job changes in a bid to modernise the railways from BBC News - Business https://ift.tt/oOA1UNq

M&S and Asos among firms trying to hire Ukraine refugees

A consortium of businesses is in talks with the government over jobs for Ukraine refugees. from BBC News - Business https://ift.tt/FTj5p0Y

Russia sanctions: How the measures have changed daily life

Prices are rising in Russia and some goods are harder to buy. Here are ways sanctions are affecting daily life. from BBC News - Business https://ift.tt/ns6B7Ug

Boss accused of defrauding blind workers' pensions

Blind staff at failed 168-year-old business say they are owed pay, redundancy and furlough money. from BBC News - Business https://ift.tt/xAngaMr

Fears funeral plan reforms could mean thousands lose money

There is growing concern that tougher regulations for funeral plan providers could hit many customers. from BBC News - Business https://ift.tt/kCU2wym

Bitcoin cash machines ordered to shut down in UK

The Financial Conduct Authority warns that all crypto-ATMs in the UK are operating illegally. from BBC News - Business https://ift.tt/cpLdBzx

War in Ukraine: How Asian economies are divided over Russia sanctions

Asian nations who joined western-led sanctions make up only 8% of Russia's global trade. from BBC News - Business https://ift.tt/Osa6W7S

Does your boss really care what you think?

The real reasons companies are making an extra effort to find out if their staff are happy or not. from BBC News - Business https://ift.tt/zL48eG1

Twitter blocks Russian claims on hospital attack

Posts from the Russian embassy in the UK claiming the bombing of a maternity hospital was faked have been taken down. from BBC News - Business https://ift.tt/rTpN4e8

The risk management experts now in high demand

Covid-19 and now Ukraine have seen firms rush to hire experts in planning for crisis. from BBC News - Business https://ift.tt/oMGnKbN

Ukraine war: Roman Abramovich sanctioned by UK

Chelsea FC owner Roman Abramovich one of seven oligarchs sanctioned by the UK government. from BBC News - Business https://ift.tt/h6p0oqr

War in Ukraine: IMF approves $1.4bn emergency funding

The country is expected to see a deep recession this year due to the impact of the Russian invasion. from BBC News - Business https://ift.tt/17OfCdk

Distributors warn fuel price spike will hit food bills

Shops and food distributors say soaring fuel prices will push up food bills. from BBC News - Business https://ift.tt/95ONk4E

Chancellor faces tough calls over households' income hit, says IFS

The chancellor must decide whether to borrow more or allow household budgets to be squeezed further, the IFS says. from BBC News - Business https://ift.tt/Lxuw1sJ

Use Russian money to rebuild Ukraine, says bank chief

In BBC interview Ukraine central bank boss proposes long list of extra financial sanctions on Russia from BBC News - Business https://ift.tt/a18lm7g

Huawei board members resign over silence on Ukraine

The two directors are unhappy about the the company's failure to quickly condemn Russia's invasion. from BBC News - Business https://ift.tt/fhxIUzE

Oil prices plunge as UAE supports supply boost

The move could ease a supply crunch as the West and allies shun Russian oil. from BBC News - Business https://ift.tt/Ztqobfm

Will the US crack down on cryptocurrency?

The US is eyeing new rules for cryptocurrencies as concerns rise about the fast-growing industry. from BBC News - Business https://ift.tt/f5C7SZr

Jack Monroe says families need urgent help with rising bills

Price rises due to the Ukraine war will hit low income families hardest, Jack Monroe tells MPs. from BBC News - Business https://ift.tt/Bd7ewpK

War in Ukraine: Fitch Ratings warns Russian bond default 'imminent'

This week Moscow said that its sovereign bond payments may be affected by international sanctions. from BBC News - Business https://ift.tt/439DRut

War in Ukraine: Warning oil sanctions will further hit UK living costs

Plans to ban or curb Russian oil and gas imports will further hit UK living standards, analysts say. from BBC News - Business https://ift.tt/JwRC3Nj

MPs urge inquiry into bankers jailed for ‘rigging’ rates

MPs are concerned that the wrong people may have been prosecuted after the BBC uncovers new audio tapes. from BBC News - Business https://ift.tt/S94hUmc

Can tech help revive India's 'crumbling' health system?

Indian doctors hope big investment and smart tech will improve a fragmented healthcare sector. from BBC News - Business https://ift.tt/Ea70x2d

McDonald's to temporarily close its 850 stores in Russia

The fast food chain said it was responding to the "needless human suffering unfolding in Ukraine". from BBC News - Business https://ift.tt/wD2bIuy

Greggs warns of further price increases

Higher raw material, energy and staff costs could trigger another round of rises, the bakery chain says. from BBC News - Business https://ift.tt/KyhviTM

War in Ukraine: Russia says it may cut gas supplies if oil ban goes ahead

A top official says Russia may close its gas lines to Germany if the West halts oil imports. from BBC News - Business https://ift.tt/m9ajGcw

War in Ukraine: Crisis is unleashing 'hell on earth' for food prices

The Ukraine war could push millions closer to starvation, the boss of the World Food Programme says. from BBC News - Business https://ift.tt/HT3yiuj

Cost of living: Warning UK faces biggest income squeeze in nearly 50 years

The war in Ukraine will lead to an even tighter squeeze on living standards this spring, a think tank says. from BBC News - Business https://ift.tt/0IvwgXb

War in Ukraine: World Bank approves $723m financial package

The package of financial support for Ukraine includes a $100m pledge from the UK. from BBC News - Business https://ift.tt/NrLCghX

The sophisticated tech predicting if an advert will work

Ad-testing firms are using real-time software, webcams to find out if ads resonate with customers. from BBC News - Business https://ift.tt/9BuhQMk

Government rescue of Bulb Energy set to cost taxpayers billions more

A buyer hasn't been found for the ailing supplier, so the the taxpayer will have to keep funding it. from BBC News - Business https://ift.tt/bFZN1y9

McDonald's and Coca-Cola boycott calls grow over Russia

Food and drink giants have been criticised on social media for failing to speak out on Ukraine's invasion. from BBC News - Business https://ift.tt/dhoFNuB

Lord Barker resigns from Russian oligarch-linked firm EN+

The Conservative peer steps down from EN+, which is majority-owned by Oleg Deripaska. from BBC News - Business https://ift.tt/an4FdPo

Ukraine conflict: Oil price soars to highest level since 2008

Consumers are feeling the impact of higher energy costs as fuel prices and household bills jump. from BBC News - Business https://ift.tt/dE5wkeN

Ukraine war is 'catastrophic for global food'

One of the world's biggest fertiliser firms says the conflict could deliver a shock to food supplies. from BBC News - Business https://ift.tt/BiYRk5P

Ukraine parts shortage hits Oxford Mini production

Production at Plant Oxford is stopping until 18 March due a shortage of parts from Ukraine. from BBC News - Business https://ift.tt/YrGIJ7f

TikTok stops new content being uploaded in Russia

The video streaming platform says it is protecting users while it assesses Russia's new "fake news" laws. from BBC News - Business https://ift.tt/yWS21HQ

Shell defends 'difficult' decision to buy Russian crude oil

The oil giant confirmed it made a purchase of Russian crude oil on Friday but said it had "no alternative". from BBC News - Business https://ift.tt/phYxlsQ

Visa and Mastercard suspend Russian operations

The payments giants are pulling out of the Russian market in protest at its invasion of Ukraine. from BBC News - Business https://ift.tt/PkwQMlS

Zara, Paypal and Samsung suspend business in Russia over Ukraine invasion

Inditex, which owns Zara and several other major brands, will close all of its 502 stores in Russia. from BBC News - Business https://ift.tt/mW7zU1b

French designer giants suspend sales in Russia

Chanel, LVMH and Hermes announced on Friday they would temporarily suspend sales in the country. from BBC News - Business https://ift.tt/0kQ3BnE

Charities warn fuel poverty could double in a year

A third of UK households could be fuel poor from October if bills rise to £3,000 a year, as feared. from BBC News - Business https://ift.tt/gyCAvnX

Facebook hits out at Russia blocking its platforms

The Russian communications regulator said on Friday that Facebook has been blocked in the country. from BBC News - Business https://ift.tt/KDitEqV

World Bank warns Ukraine war will cut global growth

The president of the World Bank tells the BBC the war in Ukraine is a catastrophe from BBC News - Business https://ift.tt/aLGquUc

Ukraine crisis: How much trade does Russia do with China?

The two countries have a growing economic partnership, but sanctions on Russia could complicate it. from BBC News - Business https://ift.tt/67fXMtT

The bosses helping staff pay their soaring energy bills

With the cost of electricity and gas set to rise further, some firms are giving workers a pay rise. from BBC News - Business https://ift.tt/awY2qW5

Biden targets Russian elite with new sanctions

President Putin's spokesman is one of the latest Russians targeted in the new round of sanctions. from BBC News - Business https://ift.tt/P0UOj2w

Ukraine: UK sanctions oligarchs Alisher Usmanov and Igor Shuvalov

Billionaire Alisher Usmanov and Russian ex-Deputy Prime Minister Igor Shuvalov face UK sanctions. from BBC News - Business https://ift.tt/gXpTlAL

Bet365 boss Denise Coates gets £300m pay package - a £170m cut

Billionaire Denise Coates, founder of gambling firm Bet365, takes a £170m cut in pay and dividends. from BBC News - Business https://ift.tt/sktvXJE

Oil-producing nations stick to their plan despite Ukraine

Countries that export oil plan to pump more crude in to the market - but not much. from BBC News - Business https://ift.tt/um4HBK9

Chelsea: Roman Abramovich says he plans to sell club

Chelsea owner Roman Abramovich says he plans to sell the Premier League club. from BBC News - Business https://ift.tt/uxBjr8I

CEO Secrets: Mikaela Jade of Indigital shares her advice

Mikaela Jade, founder and CEO of Indigital, Australian's first Indigenous Ed-tech company, shares her advice. from BBC News - Business https://ift.tt/nOB30yk

Netflix pauses future projects in Russia

US technology giants Netflix and Oracle are the latest to move to distance themselves from Russia from BBC News - Business https://ift.tt/gLzdRHj

H&M temporarily suspends all sales in Russia

One of the world's biggest fashion retailers said it was deeply concerned about conflict in Ukraine. from BBC News - Business https://ift.tt/oMS3x50

House prices see record cash rise, says Nationwide

The building society says the cost of a typical UK home rose by a record £29,162 in the last year. from BBC News - Business https://ift.tt/nSBscuy

UK ports 'working at pace' to block Russian ships

Russian ships are diverting, are at anchor, or are being packed up after UK bans them from docking. from BBC News - Business https://ift.tt/O1BaFpP

Ukraine conflict: ExxonMobil and Boeing take action over Russia ties

The companies join the growing list of global corporations to cut business links with Russia. from BBC News - Business https://ift.tt/MSXB1Gw

Shop prices rise at fastest rate in over ten years, says BRC

In February, shop prices rose at their fastest rate in over a decade according to one industry group. from BBC News - Business https://ift.tt/Prxkt58

Ukraine invasion: Russians feel the pain of international sanctions

Russians are starting to feel the effect of sanctions aimed at punishing the country for invading Ukraine. from BBC News - Business https://ift.tt/nphwtCQ

Ukraine conflict: Jaguar Land Rover pauses car sales to Russia

The move comes as major companies cut links with Russia after its invasion of Ukraine. from BBC News - Business https://ift.tt/FVX3w5l