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Showing posts from May, 2022

Sri Lanka urges farmers to plant more rice amid crisis

Inflation, the rate at which prices rise, has reached a new record high of 39.1% in the country. from BBC News - Business https://ift.tt/PNqiRUE

China commercial hub Shanghai eases lockdown

China's biggest city, a vital global trade hub, begins to relax crippling Covid restrictions. from BBC News - Business https://ift.tt/H8zPJfo

Sector must improve lorry driver conditions or face tax, MPs say

The haulage industry should be given two years to make changes or face a new tax, a report says. from BBC News - Business https://ift.tt/P4Yxti2

Cost of living: Lessons from history about how we spend

What can a treasure trove in Leeds tell us about why we hoard our money? from BBC News - Business https://ift.tt/jxSg7iH

Cancelled flights: Travel firms have oversold flights and holidays - Shapps

The UK's transport secretary demands to meet with airlines and airports to "find out what's gone wrong". from BBC News - Business https://ift.tt/o0tr9OW

Oil price rises as EU cuts Russian imports

New sanctions to block Russian oil shipped to the EU have pushed oil prices higher. from BBC News - Business https://ift.tt/KJc2LgV

Crown Resorts: Casino firm fined over illegal China dealings

Australia's Crown Resorts acknowledged its "historic failings" and promised to work on reforms. from BBC News - Business https://ift.tt/nraQzjJ

P&O: Government scraps contract over mass sackings

The Home Office said that the P&O agreement with UK Border Force would end "with immediate effect". from BBC News - Business https://ift.tt/yTO0wX1

Primark 'regrets' raising prices as it battles with rising costs

The finance director for parent company ABF blames rising costs for its decision to hike some prices. from BBC News - Business https://ift.tt/Loc9Sml

Audit reforms aim to prevent accounting scandals

A new watchdog will prevent sudden large-scale collapses like Carillion and BHS, the government says. from BBC News - Business https://ift.tt/fEW7peg

EU clinches compromise deal on banning Russian oil

Latest sanctions block more than two-thirds of Russian oil imports after Hungary opposed a total ban. from BBC News - Business https://ift.tt/sVhR6vz

Shanghai lockdown: China's financial hub set to lift Covid curbs

Authorities in the commercial hub have also announced new economic support measures for businesses. from BBC News - Business https://ift.tt/Y1QnH0F

Half-term holiday plans in shreds as flights cancelled

Passengers are reporting being told at the flight gate that their trip has been cancelled. from BBC News - Business https://ift.tt/qVkloUz

Budget pasta prices jump 50% as food staples rise

Data reveals prices of some everyday items rose by 15% but the average increase is below inflation. from BBC News - Business https://ift.tt/25yUPmn

Cost of living crisis: Relying on food handouts and moving country

People from Italy, Brazil, Ghana, Thailand and New Zealand discuss the impact of the cost of living crisis. from BBC News - Business https://ift.tt/uRkQHLs

Shanghai lockdown: Chinese financial hub set to lift curbs on firms

Authorities in the commercial hub have also announced new economic support measures for businesses. from BBC News - Business https://ift.tt/Y1QnH0F

Drivers warned of Platinum Jubilee traffic delays

The RAC estimates 19.5 million road trips over the break with traffic likely to be worst on Friday. from BBC News - Business https://ift.tt/0nNEhqA

The top spies fighting terrorism three days a week

If job-sharing mums can lead GCHQ why isn't this way of working more common? from BBC News - Business https://ift.tt/zpVHRiP

Half-term travel: Dover passengers 'stuck for hours' at border control

P&O Ferries say delays are "out of their control" as borders are operated by French authorities. from BBC News - Business https://ift.tt/5pN4FQd

Why can't the US stop soaring oil and gas prices?

As prices rise, oil and gas firms in the US want to capitalise - but the industry has changed. from BBC News - Business https://ift.tt/qUEQnCD

Norwich City 'in talks' with Millwaukee Brewers' owner

It is understood the owner of Millwaukee Brewers met officials at the club's home ground. from BBC News - Business https://ift.tt/grw9KsV

Chelsea sale: Todd Boehly consortium set to complete deal on Monday

Chelsea say a "final and definitive agreement" was entered into on Friday night to sell the club to the consortium led by LA Dodgers co-owner Todd Boehly. from BBC News - Business https://ift.tt/ODiwNso

Twitter fined $150m in US for selling users' data

Federal investigators say the social media company broke rules on giving personal data to advertisers. from BBC News - Business https://ift.tt/vBhXz6U

Japan opens up to foreign tourists after two years

Visitors from 98 countries will be allowed to enter, but some restrictions still remain. from BBC News - Business https://ift.tt/4TX1Vf5

EasyJet to cancel more than 200 half-term flights from Gatwick

The airline says cancellations are required to provide reliable services in the busy holiday period. from BBC News - Business https://ift.tt/dmsBcJk

Rishi Sunak hints at more help with rising cost of living

The chancellor promises to "respond to the situation on the ground" as households face soaring bills. from BBC News - Business https://ift.tt/ATX5HU2

The sci-fi technology tackling malarial mosquitos

Gene drive development makes a genetically modified gene that spreads widely within populations. from BBC News - Business https://ift.tt/pgRmn47

Twitter investors sue Elon Musk and platform over takeover bid

The lawsuit alleges the multi-billionaire's "wrongful conduct" has caused Twitter shares to plunge. from BBC News - Business https://ift.tt/cq0AM3V

Energy bills: Government likely to face pressure to continue support, IFS says

The government will face pressure to give more support if oil and gas prices do not fall, the think tank says. from BBC News - Business https://ift.tt/Lyr9siz

Brits set to spend millions on Platinum Jubilee merchandise

As the Queen's Platinum Jubilee approaches, memorabilia and flags are flying off the shelves. from BBC News - Business https://ift.tt/eU0MbgV

Electric car rapid charging costs soar, says RAC

Energy prices are soaring, but electric car charging is still much cheaper than petrol, says RAC. from BBC News - Business https://ift.tt/KYrvnMy

Business confidence is falling, says Natwest boss

Firms face problems with supply chains, energy bills and skill shortages, says Alison Rose. from BBC News - Business https://ift.tt/HIQqah3

Cost of living: What Rishi Sunak's help means for you

The chancellor says the new support will help with soaring bills, so how will you be impacted? from BBC News - Business https://ift.tt/W3wt8gf

Billionaire’s stake in BT faces security probe

The UK government is using new powers to investigate Patrick Drahi's 18% holding in the telecoms giant. from BBC News - Business https://ift.tt/zlMnWEG

Newport plant critical to easing microchip shortage, says boss

IQE is in talks with the Welsh and UK governments over expanding its Newport factory. from BBC News - Business https://ift.tt/oCk8tb6

Ukraine war: World Bank boss warns over global recession

David Malpass also said coronavirus lockdowns in China are contributing to a global slowdown. from BBC News - Business https://ift.tt/eX8SD27

Newport Wafer Fab: Chinese buyout of UK's biggest chip plant to be reviewed

The UK government says it will make a national security assessment of the sale of Newport Wafer Fab. from BBC News - Business https://ift.tt/wJodshe

Cost of living: 'My daughter won't ask me for money for sanitary products'

A mother explains how she can't make ends meet as data suggests more people are struggling. from BBC News - Business https://ift.tt/lcPvz3O

'We don't want UK-EU trade war' - Irish PM

Micheál Martin says he is hopeful he will not have to contemplate tariffs against UK exports. from BBC News - Business https://ift.tt/YHJf2LF

Dyson working on home robots

The company is setting up a major robotics research centre in the UK. from BBC News - Business https://ift.tt/p2qz0i5

Shell consultant quits and accuses firm of 'extreme harms'

Caroline Dennett's post on the professional networking platform LinkedIn has been liked more than 10,000. from BBC News - Business https://ift.tt/Lt2w43T

'I change how I look and talk to fit in at work'

Two thirds of women of colour in UK workplaces say they change themselves to fit in, a report says. from BBC News - Business https://ift.tt/MUTQ2o5

Klitschko brothers urge Europe to stay strong for Ukraine

The champion boxer brothers visit World Economic Forum in Davos to urge support for Ukraine. from BBC News - Business https://ift.tt/tpoeYr6

Rail strike: RMT union votes for national action

RMT members vote in favour of strike action across Network Rail and 13 train operating companies. from BBC News - Business https://ift.tt/OIhnBlJ

US closes loophole for Russian debt payments

The move by the US Treasury Department could push Russia closer to default. from BBC News - Business https://ift.tt/Rd3hyMN

Mining giant pleads guilty to UK bribery charges

Glencore pleads guilty to seven counts of bribery in London and resolves similar US claims for $1bn. from BBC News - Business https://ift.tt/xvHnSU3

Airbnb to quit China as lockdowns restrict tourism

Stays in China made up only 1% of Airbnb's revenue for the last few years, a source said. from BBC News - Business https://ift.tt/YCjFyx4

Cryptocrash: ‘I was arrested for knocking on Luna boss's door'

A man says he lost millions, and then was arrested for trying to talk to crypto boss Do Kwon. from BBC News - Business https://ift.tt/ouQ1txb

Love Island's eBay styling could change second hand buying habits

Fans of the show could buy more second hand after seeing stars in eBay outfits, fashion experts say. from BBC News - Business https://ift.tt/LR9mZiW

Fraud victims face call waiting lottery from banks

Average waiting times can range from 16 seconds to over 30 minutes - depending on the bank, says Which?. from BBC News - Business https://ift.tt/qMV2gch

What Didi's US exit tells us about China and Wall Street

The Chinese ride-hailing giant will quit Wall Street less than twelve months after its US market debut. from BBC News - Business https://ift.tt/Xbe0Fua

Ukraine calls for safe passage for grain exports

The country's inability to export its grain has led to food prices rising around the world. from BBC News - Business https://ift.tt/tS6NMpq

Millionaires at Davos say 'tax us more'

At the annual meeting of the business and political elites, wealthy attendees call for fairer tax. from BBC News - Business https://ift.tt/hxwXYJt

Cost of living: We cannot rule out a windfall tax, says minister

Simon Clarke will not confirm a levy on energy firms to tackle rising costs, but promises pragmatism. from BBC News - Business https://ift.tt/KPWXgGT

HSBC suspends banker over climate comments, reports say

The banking giant has declined to comment on media reports that Stuart Kirk has been suspended. from BBC News - Business https://ift.tt/iRxKrCl

Palm oil firms depriving tribes of millions of dollars

Companies supplying major manufacturers fail to meet promises to share land, joint BBC investigation finds. from BBC News - Business https://ift.tt/zwApjiX

Cost of living: Two-child families paying £400 a month more

The rising cost of energy, transport and childcare is forcing families to make tough choices. from BBC News - Business https://ift.tt/KfdzCuw

Pay gap from bosses to staff to widen - think tank

The High Pay Centre says pay gaps were the greatest in the retail sector in the early months of 2022. from BBC News - Business https://ift.tt/WfTdhXH

Rail unions vow to fight government strike threat

Transport Secretary Grant Shapps claims a new law would protect shipments from disruption. from BBC News - Business https://ift.tt/5QGurqc

E.On UK boss warns 40% of customers face fuel poverty

Chief executive Michael Lewis has called for government intervention to help struggling households. from BBC News - Business https://ift.tt/TPcDb1F

Governments should subsidise food and energy - IMF boss

Kristalina Georgieva says government subsidies can help with the cost of living crisis. from BBC News - Business https://ift.tt/2keb1U0

Self-scan supermarket tills and the rows over their use

Do you relish scanning your own groceries or are you missing the human cashiers? from BBC News - Business https://ift.tt/GBSN24Z

Cost of living: What are Rishi Sunak's options to ease the burden on households?

There are ways the chancellor could tackle the strain on people's pockets - but what do they cost? from BBC News - Business https://ift.tt/yl89Bwh

Sunday Times Rich List: Rishi Sunak and Akshata Murty among UK's wealthiest

Chancellor Rishi Sunak and his wife make the Sunday Times Rich List for first time with £730m fortune. from BBC News - Business https://ift.tt/bWpNvSy

Retail sales jump in April driven by food stores

Alcohol and tobacco drive a surprise rise in sales, though the longer term trend is still down. from BBC News - Business https://ift.tt/19XRHZl

Cyber security: Global food supply chain at risk from malicious hackers

The growth of "smart" farm machinery is increasing the risk of hacking of food and farming systems. from BBC News - Business https://ift.tt/xC1Xi3u

Canada to ban China's Huawei and ZTE from its 5G networks

The UK, US, Australia and New Zealand have also barred the Chinese telecoms equipment makers. from BBC News - Business https://ift.tt/vxRfLtS

Australia election 2022: Cost of living worries voters

If interest rates keep rising 300,000 Australians may default on mortgage repayments. from BBC News - Business https://ift.tt/P2MT4EF

Twitter steps up Ukraine misinformation fight

The social media platform says it will put false claims from official accounts behind warning notices. from BBC News - Business https://ift.tt/4kNmejA

Ukraine invasion could cause global food crisis, UN warns

Secretary-General Antonio Guterres warns developing countries face disaster due to rising prices. from BBC News - Business https://ift.tt/mbX7Q9S

Why your haircut is getting more expensive

Chain Trevor Sorbie says they are now spending thousands more each month. from BBC News - Business https://ift.tt/fmvnQjo

Markets fall as retailers ring alarm over US economy

The S&P 500 dropped 4%, while the Dow fell 3.5% after renewed signs of waning consumer confidence. from BBC News - Business https://ift.tt/W35Itwg

Oil and gas industry pushes back over windfall tax

Oil and gas producers say they are already paying more tax and an extra levy would damage confidence. from BBC News - Business https://ift.tt/F3BoyaR

Martin Shkreli 'Pharma bro' released early from prison

Mr Shkreli was convicted in 2017 of defrauding investors. from BBC News - Business https://ift.tt/g5apSev

China Eastern plane crash likely intentional, US reports say

Flight data reportedly indicates someone in the cockpit made the China Eastern Airlines jet crash. from BBC News - Business https://ift.tt/hLIC91t

Global firms are boosting baby formula supplies in the US

Nestle is flying in additional shipments from Europe as the US faces a shortage. from BBC News - Business https://ift.tt/By35xPq

Petrol retailers told to pass on fuel duty cut

The government wants to ensure companies pass on tax cuts to motorists as diesel prices hit new highs. from BBC News - Business https://ift.tt/DX0BsLk

Wages fall sharply but unemployment rate drops

Pay fell by 1.2% between January and March but the jobs market remained buoyant. from BBC News - Business https://ift.tt/IkHsAXf

Tesco gives £6.6m to pig producers following plea

The move follows a public letter to the supermarket giant claiming farmers would go out of business. from BBC News - Business https://ift.tt/ehcSCwK

US warns over risk of hiring North Korea IT workers

The remote workers allegedly aim to help fund Pyongyang's advanced weapons programmes. from BBC News - Business https://ift.tt/julfw8r

Sri Lanka down to last day of petrol, new prime minister says

Ranil Wickremesinghe also said the country's central bank will print money to pay government wages. from BBC News - Business https://ift.tt/WKU0Gwc

Goldman Sachs to offer senior staff unlimited holiday

Investment bank Goldman Sachs will no longer cap paid leave for its senior staff and partners. from BBC News - Business https://ift.tt/iKkInuT

Diesel prices reach record of over £1.80 a litre

The RAC says prices rose to just over £1.80 a litre after the previous record was set in March. from BBC News - Business https://ift.tt/kr61TKF

Ryanair warns prices to rise for European summer trips

Michael O'Leary warns high demand for European beach holidays will mean price rises. from BBC News - Business https://ift.tt/wgePIbC

Energy bills could rise and fall faster under new plans

Ofgem says a review every three months would allow households to benefit sooner from falling prices. from BBC News - Business https://ift.tt/ptHZIul

Shanghai lockdown: China unemployment rate near pandemic peak

Evidence of China's economic slowdown came as authorities unveiled plans to lift Shanghai's lockdown. from BBC News - Business https://ift.tt/SJe9HCQ

Ukraine war: Global wheat prices jump after India export ban

World wheat prices have soared this year, pushing up the cost of everything from bread to noodles. from BBC News - Business https://ift.tt/THXjiR4

'I was jumping through hoops to get a loan'

One firm tells of its struggles as a survey suggests lending to small businesses has hit an all-time low. from BBC News - Business https://ift.tt/boZPxXc

EasyJet offers £1,000 bonus as airlines battle to recruit staff

The airline will offer new and existing cabin crew the bonus, as carriers seek to retain and recruit workers. from BBC News - Business https://ift.tt/0fhypW6

Cost of living: Labour to call vote on windfall tax for oil and gas companies

It is shameful not to raise extra money from oil and gas firms amid the rising cost of living, Ed Miliband says. from BBC News - Business https://ift.tt/p8nlcxE

NHS prescription charges in England to be frozen

Not raising the fees for the first time in 12 years puts money back in people's pockets, ministers say. from BBC News - Business https://ift.tt/0ZwoQX1

Saudi Aramco: Oil giant sees profits jump as prices surge

The state-owned Saudi Aramco is currently the world's most valuable company due to soaring oil prices. from BBC News - Business https://ift.tt/iRUcC7f

Covid: Have the lockdown success stories lost their shine?

Some businesses which boomed during the Covid pandemic are seeing their popularity fade. from BBC News - Business https://ift.tt/iYoXkGI

'I pawned my laptop to pay for food and petrol'

People on low incomes are pawning their possessions to pay for essentials, a report suggests. from BBC News - Business https://ift.tt/I9v2d5n

Why the volatile price of aluminium matters

From door frames to aircraft and food packaging - how soaring prices will impact the world economy. from BBC News - Business https://ift.tt/wTO87sf

Russian operator to suspend electricity supply to Finland

Russian operator RAO Nordic says it will cease deliveries from Saturday, citing payment problems. from BBC News - Business https://ift.tt/TCjNFE9

Ethnic pay gap: MPs criticise government's 'lack of care'

The decision showed a "lack of will or care", MPs on the parliamentary committee for equality said. from BBC News - Business https://ift.tt/h9wXRSD

Zara starts charging shoppers for online returns

But customers can still return clothes purchased online from the fashion giant for free in stores. from BBC News - Business https://ift.tt/k8uES1n

Crypto crash: Stablecoin collapse sends tokens tumbling

The sudden demise of TerraUSD sends other crypto-coins into a downward spiral. from BBC News - Business https://ift.tt/iRPJEkz

Tesco trials renting out office space to workers

The move by the retail giant highlights the shift away from traditional office set-ups since the pandemic. from BBC News - Business https://ift.tt/3OxpCkB

Shell agrees to sell Russian retail business to Lukoil

The energy giant will sell its retail business in Russia to the country’s second-largest oil producer, Lukoil. from BBC News - Business https://ift.tt/yofSa65

Apple iPod creator warns the metaverse will encourage trolls

Tony Fadell says the virtual reality world risks damaging human interaction and creating toxicity. from BBC News - Business https://ift.tt/HAny2z5

Rishi Sunak threatens energy firms with windfall tax

The chancellor says he rules nothing out if they don't increase investment in energy projects soon. from BBC News - Business https://ift.tt/EatS3ib

UK economy shrinks in March as prices rise

The economy contracted by 0.1% in March after no growth in February, official figures show. from BBC News - Business https://ift.tt/lW3tMxJ

Apple loses position as most valuable firm amid tech sell-off

Saudi Arabian energy giant Aramco has taken the top spot amid a broad sell-off of technology stocks. from BBC News - Business https://ift.tt/C07W9gL

'Critical mass' of polluters setting carbon targets

The number of big firms setting climate targets reaches a 'critical mass' say UN-backed researchers. from BBC News - Business https://ift.tt/9KgRd7b

Toyota cuts production due to Covid lockdown in Shanghai

Tesla has reportedly also halted most production at its Shanghai plant due to problems sourcing parts. from BBC News - Business https://ift.tt/JzWk1Bo

Tesco Mobile advertising campaign offensive, watchdog rules

The Advertising Standards Authority banned the campaign which used swear word substitutes like "shiitake". from BBC News - Business https://ift.tt/v7r1fIp

Fifa: EA Sports to break away from football body

Electronic Arts will instead produce new football games under the banner EA Sports FC. from BBC News - Business https://ift.tt/RX7tV3k

James Cromwell glues hand to Starbucks counter in protest

The actor glued his hand to a Manhattan Starbucks counter over a surcharge on vegan milk. from BBC News - Business https://ift.tt/gWS8nHX

Cost of living: 1.5m UK households will struggle to pay bills - report

Rising prices and higher taxes are squeezing Britons' budgets, according to researchers the NIESR. from BBC News - Business https://ift.tt/NupW28h

Ukraine sanctions: What pain lies ahead for Russia's economy?

Russia has been hammered by sanctions introduced by Western countries since its invasion of Ukraine. from BBC News - Business https://ift.tt/3ReqXIJ

UK government to bring in e-scooter law

It says it plans to legislate to make private e-scooters 'safer' as part of a new transport law. from BBC News - Business https://ift.tt/c7ZTJwf

Electric models drive second-hand car sales higher

Sales of used cars have risen, with greener electric and hybrid vehicles climbing fastest. from BBC News - Business https://ift.tt/xIm6LaK

Twitter: X marks the spot for Elon Musk's growth plans

A document shown to prospective investors may shed light on the Tesla boss plans for Twitter. from BBC News - Business https://ift.tt/tQLbg5R

Is it fair for fantasy football managers to rely on AI?

Some managers think artificial intelligence helps remove their bias but others think it's cheating. from BBC News - Business https://ift.tt/pOVLRbZ

US faces baby formula 'crisis' as shortage worsens

Pressure is building on the White House to address the worsening shortage of formula milk. from BBC News - Business https://ift.tt/XBH7jg3

P&O: Second Channel ferry cleared to resume sailing by safety inspectors

The Pride of Kent can now sail between Dover and Calais, the Maritime and Coastguard Agency says. from BBC News - Business https://ift.tt/vTzexs5

How young entrepreneurs bounced back from Covid

How have young business people found the comeback from coronavirus lockdowns? from BBC News - Business https://ift.tt/7gf2tcl

Newport: Can an Instagram-able market save a city centre?

One city is trying to bounce back and find the answers after dozens of empty stores. from BBC News - Business https://ift.tt/y3UD9Hb

How fast food giants like McDonald's found their Indian soul

What is it about the Indian market that impels even the biggest food chains to adjust to local needs? from BBC News - Business https://ift.tt/P3SQZTX

'I nearly drowned on holiday, but it inspired my business'

Dhruvin Patel talks about becoming an entrepreneur after surviving a terrifying accident. from BBC News - Business https://ift.tt/VfzKE8n

The perfect storm increasing the cost of a crucial metal

Nickel is essential for batteries and stainless steel but suppliers are struggling to meet demand. from BBC News - Business https://ift.tt/RITYZKW

Bitcoin value drops by 50% since November peak

The slide in the value of cryptocurrencies comes as stock markets around the world have also fallen. from BBC News - Business https://ift.tt/1P9fKSV

Universal credit switchover is a bad move, say charities

A forced move to universal credit, which begins on Monday, raises fears for vulnerable claimants. from BBC News - Business https://ift.tt/hzsgvPc

Cost of living: More Britons say they skip meals or go hungry

The number of those struggling to buy food rises by 57% in three months, according to a survey. from BBC News - Business https://ift.tt/BaxU6CV

New UK sanctions for Russia and Belarus

The penalties will target £1.7bn of trade to further weaken Vladimir Putin's Ukraine invasion. from BBC News - Business https://ift.tt/VzcmKIG

Firm set to buy McColl's urged to take on staff pensions

The billionaire Issa brothers are set to take over the troubled chain on Monday but may not take on pension liabilities. from BBC News - Business https://ift.tt/4B3dhiv

EasyJet to take out seats so it can fly with fewer crew

The airline plans to remove a row of seats so that it can fly with fewer cabin crew on board. from BBC News - Business https://ift.tt/swXejn0

Ukraine war: Russian energy embargo needed now, says finance minister

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says. from BBC News - Business https://ift.tt/wh7S0cI

Mine e-waste, not the Earth, say scientists

Scientists call for electronic waste to be mined for precious metals as supplies of new materials become ‘unsustainable’. from BBC News - Business https://ift.tt/mSJ02Oc

Shop owners to be forced to rent out empty premises, government says

Ministers call boarded-up premises a "blight" and say councils need stronger powers over landlords. from BBC News - Business https://ift.tt/LgZyIOm

Chelsea agree sale terms with LA Dodgers' Todd Boehly

The new owners will pay £4.25bn for the football club, including £2.5bn to be given to charity. from BBC News - Business https://ift.tt/W6lgEZb

Families face debt squeeze as prices keep rising

Cost of living pressures mean a likely resurgence in people struggling to repay existing debt, a charity warns. from BBC News - Business https://ift.tt/NpuXgO6

US job creation beats forecasts despite headwinds

Employers added 428,000 jobs last month, while the jobless rate held steady at 3.6%. from BBC News - Business https://ift.tt/IQBk9qp

Facebook's Australia news ban overblocked on purpose, whistleblowers claim

A whistleblower group says Facebook deliberately overblocked a news ban affecting vital services. from BBC News - Business https://ift.tt/ag5yCwP

Morrisons makes last minute bid to save McColl's

The deal would aim to save as many of the 16,000 convenience store jobs at risk as possible. from BBC News - Business https://ift.tt/6VWsjAU

House prices hit new record but growth set to slow

Prices rose by 1.1% in April but rising interest rates and inflation will dampen the market. from BBC News - Business https://ift.tt/6OZnLGj

Gucci stores to accept cryptocurrencies in US

Gucci joins a growing number of major companies that have started to accept digital currencies. from BBC News - Business https://ift.tt/7Nl46Gt

Cocaine found in coffee sent to Nespresso plant

Swiss police seized 500kg of the drug after workers found white powder in a shipment of coffee beans. from BBC News - Business https://ift.tt/Y5QnAhX

UK government sets out plans to rein in Big Tech

A regulator will have powers to fine firms such as Google and Meta if they fail to follow new rules. from BBC News - Business https://ift.tt/RAVHUtu

US markets see worst losses since 2020 after rate rise

The Dow falls by more than 3% as investors worry about how rising prices will hit growth. from BBC News - Business https://ift.tt/ikAHxtr

Michael Murray: New Sports Direct boss says High Street isn't dead

Michael Murray says high streets will be "different" ahead of a new look Sports Direct store opening. from BBC News - Business https://ift.tt/zDrbEWC

Dubai a haven for wealthy Russians fleeing sanctions

Property purchases by Russians in Dubai surged by 67% in the first quarter of 2022, a report says. from BBC News - Business https://ift.tt/pbFGMRe

Cyber-security chiefs warn of malicious app risk

Devices from smart speakers to fitness trackers have apps, and cyber-criminals are exploiting weaknesses. from BBC News - Business https://ift.tt/7ZA4Grl

Klarna to report customer debts to credit agencies

The buy-now-pay-later firm will start to report the use of its products to credit reference agencies. from BBC News - Business https://ift.tt/PLSx6u9

Oil prices have soared. Why won't Opec bring them down?

Oil prices are at an eight-year high, so why won't oil exporting countries bring them down? from BBC News - Business https://ift.tt/0oyVrvN

LIC IPO: Insurance giant opens India's largest share sale

Nearly as old as the country, LIC is an insurance behemoth that has played a historic role in India. from BBC News - Business https://ift.tt/2cTDtCf

Estee Lauder: Cosmetics rebound outside of China

The makeup giant cut its sales forecast due to Covid restrictions in China. from BBC News - Business https://ift.tt/oaPRB1Q

Energy firms face deadline in review of direct debit hikes

Some companies have three weeks to respond to accusations they have set direct debits too high. from BBC News - Business https://ift.tt/LkZWX8r

P&O brings back passengers on cross-Channel route after sackings

Tuesday marks the first time that drive-on passengers and tourists can use P&O in almost six weeks. from BBC News - Business https://ift.tt/bNvpk4s

BP profits soar amid calls for a windfall tax

The energy giant said underlying income hit $6.2bn due to 'exceptional oil and gas trading'. from BBC News - Business https://ift.tt/rdSkBep

Australia raises rates for first time in 11 years

It puts extra strain on Australians - and Prime Minister Scott Morrison - ahead of a looming election. from BBC News - Business https://ift.tt/6fXlmbr

Trader made error in 'flash crash', Citigroup says

The benchmark Stockholm OMX 30 share index fell by 8% at one point on Monday morning. from BBC News - Business https://ift.tt/2S6xGju

Post office: Workers at 114 branches strike over pay

The Crown Post Offices will close for 24 hours as staff walk out in a dispute over pay. from BBC News - Business https://ift.tt/G1c67tj

Amazon will pay US staff travel expenses for abortions and other treatments

The firm will reimburse travel costs for various treatments in the US, including abortion. from BBC News - Business https://ift.tt/vEUdaIo

Shanghai lockdown: The hard life of a homeless deliveryman

Many riders face a lack of shelter and safety while delivering supplies in a locked down city. from BBC News - Business https://ift.tt/45fNZoh

Netflix cancels Meghan Markle animated series 'Pearl'

The announcement comes as the streaming giant makes cost cuts after subscriber numbers fell. from BBC News - Business https://ift.tt/VCTWwNS

Free-range eggs return as hens are allowed back outside

People can once again buy free-range eggs after measures to control a bird flu outbreak were relaxed. from BBC News - Business https://ift.tt/TFOhlVw

Qantas promises direct flights from Sydney to London and New York

Australia's carrier says its new fleet will be capable of direct flights to any city in the world. from BBC News - Business https://ift.tt/Pirq2Z6

Eid celebrations squeezed by cost of living crisis

Some Muslim families celebrating the end of Ramadan are feeling the pinch of rising prices. from BBC News - Business https://ift.tt/EzAlRUf

Unravelling Australia's complex jobs puzzle

An uneven recovery from the pandemic leaves graduates struggling to get on the career ladder. from BBC News - Business https://ift.tt/jo9g3cf

Asda chairman Stuart Rose: Food prices will keep rising

Stuart Rose says that consumers "will suffer" from continuing cost of living price hikes. from BBC News - Business https://ift.tt/xeXHiJ6