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Showing posts from October, 2022

Banker Oleg Tinkov renounces Russian citizenship over Ukraine

Billionaire oligarch Oleg Tinkov condemns "Putin fascism", furious at Russia's invasion of Ukraine. from BBC News - Business https://ift.tt/X0M4Yqs

Blackouts would be last resort, says National Grid

UK energy supplies should be sufficient this winter, the firm says, but power cuts are a possibility. from BBC News - Business https://ift.tt/wo2eRIP

UK battery firm Britishvolt averts collapse as funding secured

There were fears Britishvolt could run out of money after the government refused to advance funding. from BBC News - Business https://ift.tt/Nynm9kH

LEVC: Coventry taxi-maker announces 140 job cuts

LEVC, which makes an electric version of the iconic London cab, blames the effects of the pandemic. from BBC News - Business https://ift.tt/HQ0AtCn

Mother wins £60,000 over Morrisons discrimination

Donna Patterson said the supermarket had mistreated her after she returned to work from maternity leave. from BBC News - Business https://ift.tt/hJAugXM

UK battery firm Britishvolt near collapse as seeks funding

Britishvolt is understood to be facing administration the government withdrew £100m in funding. from BBC News - Business https://ift.tt/FQC3pPq

£400 energy support vouchers going unclaimed

Many customers with non-smart prepayment meters have not cashed in vouchers aimed at helping with bills. from BBC News - Business https://ift.tt/8mi6QkF

Apple: Chinese workers flee Covid lockdown at iPhone factory

Video shared online shows people jumping a fence to escape the plant, owned by Foxconn, in Zhengzhou. from BBC News - Business https://ift.tt/iMNI4pw

Michael Gove commits to 300,000 homes target

Former PM Liz Truss had cast doubt on the aim, saying she would scrap "Stalinist" housing targets. from BBC News - Business https://ift.tt/yV97lr2

Ukraine war: Russia halts grain deal after 'massive' Black Sea Fleet attack

The UN says it is vital not to imperil the deal, as Ukraine accuses Russia of "using a false pretext". from BBC News - Business https://ift.tt/oIpuD70

New ground as tech aims to help boost soil health

As much of the world's earth has been degraded, efforts are being made to improve matters. from BBC News - Business https://ift.tt/EqhUsxA

Octopus Energy to take over collapsed supplier Bulb

Bulb's 1.5 million customers will not experience any change to energy supplies, the UK government says. from BBC News - Business https://ift.tt/Uri3vIJ

'You think twice about driving': Fuel prices rise again

The rise in diesel and petrol prices is having a particularly tough impact in rural areas. from BBC News - Business https://ift.tt/CtcZrEP

What next for Twitter under Elon Musk?

The BBC's technology editor looks at the path ahead for the tech company and the billionaire. from BBC News - Business https://ift.tt/CKcWiJD

National Highways apologises over smart motorway sign failure

Drivers reported "mile upon mile" of lane closure warnings and "unreadable" overhead signs. from BBC News - Business https://ift.tt/Rf47Cwy

Giant UK gas storage site reopened ahead of winter

Centrica is reopening its Rough gas storage facility to increase the UK's capacity by 50%. from BBC News - Business https://ift.tt/dE41sbN

Sliding yen: What is happening to the Japanese currency?

The country's central bank is expected to keep interest rates below zero even as the currency slides. from BBC News - Business https://ift.tt/S3cAutH

Investors dump Amazon as economy concerns grow

The tech giant warned of slower growth as shoppers return to bricks and mortar stores. from BBC News - Business https://ift.tt/tJM4PXU

Why are so many workers going on strike?

Hundreds of thousands of workers have walked out, or threatened to, causing widespread disruption. from BBC News - Business https://ift.tt/rcWagsv

Cost of living: NUS says university unions ramping up food help

The NUS says more and more students are struggling to pay for food as rent and bills go up. from BBC News - Business https://ift.tt/S34GWvn

'Uninvited' Kanye West escorted out of Skechers

The controversial rapper tried to film at the shoe brand's LA headquarters but was asked to leave. from BBC News - Business https://ift.tt/4pRChbn

Shell beats forecasts as profits more than double

The energy giant reported $9.5bn in profits though growth is slower than record figures this year. from BBC News - Business https://ift.tt/VN1ZG2R

Made.com furniture website stops taking new orders

The online retailer says talks with potential buyers had failed, pushing it towards administration. from BBC News - Business https://ift.tt/bYRDFde

Cost of living: Young professionals targeted by investment scams

Young professionals hit by the cost of living are being targeted by scams suggesting money-making schemes. from BBC News - Business https://ift.tt/62INK1f

Pound holds gains after delay to economic plan

The currency has rallied against the dollar in recent days, and rose further on Wednesday. from BBC News - Business https://ift.tt/ty7N6XL

Moving electric Mini production to China unfortunate, minister says

The first electric Mini was built in Oxford in 2020 but BMW is shifting production out of the UK. from BBC News - Business https://ift.tt/WkPijAr

Heathrow warns normal passenger levels years away

The airport says it is unlikely to see passenger numbers return to pre-pandemic levels for years. from BBC News - Business https://ift.tt/8etu4Dr

China Covid: Universal Resort shuts due to Beijing coronavirus cases

The park did not say when it would reopen, but pledged to refund or reschedule tickets. from BBC News - Business https://ift.tt/PW4hMNr

Energy bill help for all is too expensive, warns the World Bank

Some Covid help was not targeted enough and the same is happening with energy bills, its president says. from BBC News - Business https://ift.tt/t0EfJ3H

Google and Microsoft hit by slowing economy

The tech giants say customers are cutting back amid growing signs of an economic downturn. from BBC News - Business https://ift.tt/slAwcdR

Rishi Sunak: What will the new PM mean for my money?

The new prime minister says there are "difficult decisions to come" and that could affect our finances. from BBC News - Business https://ift.tt/7PUbzKH

Adidas cuts ties with rapper Kanye West

The fashion giant said it does "not tolerate antisemitism" after the rapper's recent remarks. from BBC News - Business https://ift.tt/jzZH0ov

WhatsApp down for users across UK and world

Many are complaining that they are unable to send messages from the Meta-owned platform. from BBC News - Business https://ift.tt/f104V8S

Prices of pasta, tea, chips and cooking oil soar

The price of budget food items rose by 17% in the year to September, official figures suggest. from BBC News - Business https://ift.tt/ZrTXfJs

Can Sunak steer economy through 'profound crisis'?

The new prime minister must restore market credibility, tackle inflation and drive growth. from BBC News - Business https://ift.tt/C1UyaLV

Competition regulator needs teeth to curb big tech, MPs say

They urge publication of a draft bill that could see firms fined 10% of turnover for market abuses. from BBC News - Business https://ift.tt/qmFKTh7

Energy crisis pushing people onto prepayment meters, says Uswitch

Uswitch says prepayment meter users are more likely to be vulnerable and at risk of running out of credit. from BBC News - Business https://ift.tt/3yGPfcb

US charges alleged Chinese spies in telecoms probe case

US officials believe China tried to obstruct an investigation, steal technology and intimidate dissidents. from BBC News - Business https://ift.tt/ugiF9Zo

Rishi Sunak: The most urgent problems facing the new prime minister

Rishi Sunak, the fifth Conservative prime minister in seven years, inherits many pressing challenges. from BBC News - Business https://ift.tt/lRQnUOZ

First-time buyers hit by drop in mortgage deals

Those with smaller deposits are likely to have less choice from lenders, figures show. from BBC News - Business https://ift.tt/6LofBsQ

UK set to be sick man of Europe, says Tory backer

Guy Hands, a leading investor, says the UK faces higher taxes, lower benefits and a possible IMF bailout. from BBC News - Business https://ift.tt/ExK40aM

Sports Direct-owner builds stake in Asos

Frasers Group is the fourth largest shareholder in the fashion firm, which owns the Topshop brand. from BBC News - Business https://ift.tt/kYgApTl

Pound steady as Rishi Sunak seen on track to become PM

Sterling initially rose against the dollar after Boris Johnson dropped out of the leadership contest. from BBC News - Business https://ift.tt/q95kO0X

What we just learned about China's economy

On Monday, the country announced economic growth figures, after they were postponed last week. from BBC News - Business https://ift.tt/Twft7u2

Royal Mail: 100 days left to use stamps without a barcode

Royal Mail says everyday stamps that do not have a barcode will no be longer valid after 31 January. from BBC News - Business https://ift.tt/0CM1AfO

UK faces tougher austerity era - ex-Bank chief

Former Bank of England governor Lord King says people could face "significantly higher taxes". from BBC News - Business https://ift.tt/tlX71eK

Cost of living: Why more Australians are giving up their pets

The cost of pet food has soared in Australia due to the pandemic and the Ukraine war. from BBC News - Business https://ift.tt/Vp3fbdr

Dietrich Mateschitz: Red Bull co-owner & energy drink giant dies aged 78

Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, dies aged 78. from BBC News - Business https://ift.tt/imlOJ7u

Avanti West Coast rail services axed amid strike action

Only one Avanti service per hour will run from London to Manchester, Liverpool and Glasgow. from BBC News - Business https://ift.tt/uwL6ytf

Moody's: UK's economic outlook now 'negative', ratings agency says

Political instability and high inflation in the country means it is less likely to pay back debts, the ratings agency says. from BBC News - Business https://ift.tt/BxjrXyF

Spain lifts final Covid rules for UK travellers

British holidaymakers will no longer have to provide Covid or vaccination status to get into Spain. from BBC News - Business https://ift.tt/6arTPEk

Tesco raises meal deal price as food costs soar

It is the first time in 10 years the popular lunch choice has gone up for all customers. from BBC News - Business https://ift.tt/xuMC2yF

Falling pound: What does it mean for me and my finances?

The pound has fallen against the dollar as the UK's financial and political turmoil continues. from BBC News - Business https://ift.tt/qALHQBR

Government borrowing rises in September

Borrowing reached £20bn last month, according to the Office for National Statistics. from BBC News - Business https://ift.tt/QkYuDam

‘I worry about affording rent’

Average monthly rents reach £1,162 outside London, leaving renters like Ben McNeil counting the cost from BBC News - Business https://ift.tt/YAzZak8

National Grid raises discounts for off-peak electricity use

Households will get a discount of £3 per kw/h instead of 52p off bills, National Grid says. from BBC News - Business https://ift.tt/kyCDZti

Amazon could pay UK shoppers £900m compensation

A group-action claim alleges Amazon breached competition law and caused customers to pay higher prices. from BBC News - Business https://ift.tt/CWkYlvE

Amazon workers fail to reach strike threshold in historic UK ballot

GMB says it was three votes short of reaching the 50% threshold needed for industrial action. from BBC News - Business https://ift.tt/bnE1KGj

Mortgage rates hit fresh 14-year highs

Average two-and-five year fixed rates have jumped to 6.65% and 6.51% respectively. from BBC News - Business https://ift.tt/F24ymRh

Investors remain calm despite political chaos

One analyst says investors are "watching in a kind of stunned, open-mouthed horror" at political events. from BBC News - Business https://ift.tt/J85jZWD

Hong Kong shares hit lowest level since 2009

Shares slumped after a major speech by the city's leader and as investors fret about a global slowdown. from BBC News - Business https://ift.tt/LVYlBrU

Tesla sales climb but miss expectations

Elon Musk's electric car firm has been ramping up production from BBC News - Business https://ift.tt/mSbsEc0

Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

With economic gloom on the US's horizon, tech giant's boss points out warning signals from BBC News - Business https://ift.tt/Euo4kqQ

Asos sees big loss as shoppers spend less on fashion

The online fashion retailer says it is feeling the pain of a shrinking UK economy. from BBC News - Business https://ift.tt/uesPKlo

Kakao outage: Co-chief executive quits South Korea internet giant

A fire shut down Kakao services for more than eight hours on Saturday. from BBC News - Business https://ift.tt/oPWpfvu

Netflix: How did the streaming service turn its fortunes around?

The streamer has grown its subscriber base after two consecutive quarters of losses. from BBC News - Business https://ift.tt/eYZ1EDn

HSBC climate change adverts banned by UK watchdog

The regulator said the bank "omitted significant information" about its contribution to harmful emissions. from BBC News - Business https://ift.tt/dZPVjtQ

BBC experts on six things you can do as cost of living rises

BBC correspondents share some things that could help you cope with rising prices. from BBC News - Business https://ift.tt/zQ0rxoi

Cost of living fears grow as latest inflation data to be revealed

The latest price rise figures for September are due as a survey for the BBC suggests concern is rising. from BBC News - Business https://ift.tt/PbJQMgT

Netflix: Big hits help reverse subscriber losses

The company added over 2.4 million subscribers, reversing losses earlier in the year. from BBC News - Business https://ift.tt/wpng2xa

Mini-budget scrapped: A simple guide to why plan was dropped

Eight steps to understand why the financial turmoil matters to mortgage payers and everyone else. from BBC News - Business https://ift.tt/Es0gTw1

Two-year mortgage rates hit fresh 14-year high

The average two-year fixed rate deal has risen above 6.5%, the highest since the 2008 financial crisis. from BBC News - Business https://ift.tt/D7iG2H1

Nord Stream blast 'blew away 50 metres of pipe'

Danish police say explosions damaged two pipelines built to bring Russian gas to Germany. from BBC News - Business https://ift.tt/Kja4pZn

UK workers face a two decade-long wage squeeze, says TUC

The outgoing head of the TUC warns people have been pushed to "breaking point" with no real pay rises. from BBC News - Business https://ift.tt/kUT7lu0

China congress: Beijing delays key economic figures as leaders meet

Closely-watched growth data for the world's second largest economy was due to be released on Tuesday. from BBC News - Business https://ift.tt/YzysHRa

Millions of people should be paying less for their broadband

Providers are failing to promote the cheapest tariffs available for pensioners and people on benefits. from BBC News - Business https://ift.tt/RSwu6YF

Train strikes: Workers vote on further six months of walkouts

The RMT union is asking members if they will support further train strikes to Spring 2023. from BBC News - Business https://ift.tt/SiokF5l

Rent increases: What you can do about a rise from your landlord

The BBC's Lora Jones tells you four things you can do, if your landlord asks for more money. from BBC News - Business https://ift.tt/CmsqOZD

Silence over plan to remove bankers' bonus cap

Jeremy Hunt dismantled much of the mini-budget, but seems to have kept scrapping the cap on bankers' bonuses. from BBC News - Business https://ift.tt/TYQhfqu

Two thirds of tax cuts from mini-budget reversed

New chancellor Jeremy Hunt said "almost all" of the cuts announced by his predecessor in September would go. from BBC News - Business https://ift.tt/4cVDbBL

Two thirds of tax cuts from mini-budget reversed

Some £32bn of the £45bn promised in mini-budget will be overturned, says new Chancellor Jeremy Hunt. from BBC News - Business https://ift.tt/wd8aAyL

Chancellor to fast track tax and spending measures

The move is designed to help reassure jittery markets before they open in London this morning. from BBC News - Business https://ift.tt/awGV7Jb

Star casino: Record fine for Australian operator over money laundering

An inquiry earlier this year found "breathtaking" misconduct by The Star Entertainment Group. from BBC News - Business https://ift.tt/Wk5h3Gq

Pound moves higher in Asia trade after U-turns

The British currency gained 0.5% against the US dollar in early Asia trading on Monday. from BBC News - Business https://ift.tt/P9gxlwf

Tesco warns public faces hardship in wake of interest rates rise

John Allan told the BBC he feels a "moral responsibility" to help those affected by rates going up. from BBC News - Business https://ift.tt/C7K3Qmq

Jeremy Hunt to join Liz Truss at Chequers for talks on economic plans

The new chancellor warns of "very difficult decisions" as he heads to Chequers to hold talks with the PM. from BBC News - Business https://ift.tt/YSVbotG

Bank of England chief warns of fresh interest rate hike

Andrew Bailey also describes his conversations with Chancellor Jeremy Hunt as a "meeting of minds". from BBC News - Business https://ift.tt/CH4K9Dk

Electric Mini production to move to China

The first electric Mini was built in Oxford in 2020, but most will now be made in China. from BBC News - Business https://ift.tt/ErCWeZq

Will the UK financial chaos spark a wider meltdown?

Risks to global financial stability are verging on crisis levels, the IMF has warned. from BBC News - Business https://ift.tt/tc6PG4g

India's solar-powered future clashes with local life

India wants 40% of its electricity to come from renewable sources, which will require vast amounts of land. from BBC News - Business https://ift.tt/xbmNvgS

Royal Mail to axe up to 6,000 jobs as losses rise

The postal service blames strike action and widening losses for the mass redundancies. from BBC News - Business https://ift.tt/Om2HMz5

US banking giant JP Morgan Chase cuts ties with Kanye West

A letter informing Mr West of the decision was posted on Twitter by conservative activist Candace Owens. from BBC News - Business https://ift.tt/LYerV34

Japanese yen touches 32-year low against US dollar

US currency jumped in value against major world currencies after higher-than-expected inflation data. from BBC News - Business https://ift.tt/7LKYu9b

Mini-budget U-turn on the table as pressure mounts

Discussions continue but many Tory MPs believe changes to the economic plan are inevitable. from BBC News - Business https://ift.tt/gtAHs2h

France sends Germany gas for first time amid Russia energy crisis

The new flow was sent in "European solidarity" after Russia cut energy supplies to Europe. from BBC News - Business https://ift.tt/4ECLxYy

Fujitsu: How a Japanese firm became part of the Post Office scandal

The story of how a software firm based thousands of miles away became embroiled in the UK scandal. from BBC News - Business https://ift.tt/ckxImHb

Kwasi Kwarteng: I'm not going anywhere, says chancellor

Asked whether he could U-turn on parts of his mini-budget, Kwasi Kwarteng says "our position hasn't changed". from BBC News - Business https://ift.tt/SAaed3J

Consumers urged to cut energy use this winter

Energy watchdog Ofgem will launch a campaign to cut consumption and ensure the UK has enough supplies. from BBC News - Business https://ift.tt/D3EQPf7

Housing slowdown warning after mortgage rates rise

The warning comes as the Bank of England says the number struggling to pay mortgages could hit a 15-year high. from BBC News - Business https://ift.tt/Py1ZfKd

Great British Railways: Fears planned rail body could be axed

The Rail Forum says it fears government plans to overhaul the system might not go ahead. from BBC News - Business https://ift.tt/r92RiMH

Cough syrup deaths: India production halted after Gambia child fatalities

Maiden Pharmaceuticals broke rules "across its manufacturing and testing activities," regulators found. from BBC News - Business https://ift.tt/iBfKkjJ

Royal Mail workers walk out in first of 19 days of strikes

No letters will be sent during the strike, but medical deliveries will be prioritised. from BBC News - Business https://ift.tt/vnxPXb1

‘My bus ticket was more than I got paid an hour’

The minimum wage has gone up by less for those under 20 than for older workers since 2016. from BBC News - Business https://ift.tt/1vOFMBy

Pensions, savings and mortgages - your questions answered

The BBC's Kevin Peachey answers your questions and concerns on pensions and mortgages. from BBC News - Business https://ift.tt/bzVpyhR

What will happen if Britain has winter blackouts?

Power cuts are very unlikely in the coming months but not impossible so what would it mean for you? from BBC News - Business https://ift.tt/E8Qc9D3

UK economy unexpectedly shrinks in August sparking recession fears

Economic growth in the UK fell 0.3% in August, after growing by 0.1% in July, official figures show. from BBC News - Business https://ift.tt/5XJZGrT

Uber and Lyft shares slump on US 'gig' economy plan

Tens of millions of people work in the global gig economy across services like food delivery and transport. from BBC News - Business https://ift.tt/asiCbcU

Government plans cap on renewable energy revenues

Ministers say the move would ensure consumers and businesses pay a fair price for energy. from BBC News - Business https://ift.tt/qV0evXJ

Netflix signs up to ratings body Barb

It means the streaming giant's viewing figures will be measured by an external body for the first time. from BBC News - Business https://ift.tt/0FvVqTy

TikTok profits from livestreams of refugees begging

Children are among those pleading for hours for digital gifts, as the company takes a cut of up to 70%. from BBC News - Business https://ift.tt/o2aHjMv

UK businessman charged with 'helping Russian oligarch evade sanctions'

Graham Bonham-Carter is accused of helping oligarch Oleg Deripaska to evade US-imposed sanctions. from BBC News - Business https://ift.tt/0F98bWO

Mark Zuckerberg reveals new Quest Pro VR headset

Facebook-owner Meta has revealed a new VR headset as part of its continued metaverse push. from BBC News - Business https://ift.tt/qoc39ag

Hong Kong declines to act on sanctioned Russian superyacht in harbour

The US accuses the city of granting 'safe haven' to the yacht owned by a Russian oligarch under Western sanctions. from BBC News - Business https://ift.tt/5zgcNu6

Asia chipmaker shares slide after US curbs on China

On Friday, Washington announced new rules to restrict sales of semiconductor technology to China. from BBC News - Business https://ift.tt/XQT6UKC

Australians arrested over alleged Sri Lanka bribes for lucrative contracts

It follows a decade-long investigation with several countries into lucrative business contracts. from BBC News - Business https://ift.tt/xQrBFet

Air France Crash: Aviation bosses heckled as trial begins

Relatives of those who died in the Air France crash yelled "shame" as the trial started in Paris. from BBC News - Business https://ift.tt/FqSJ4ZR

People stock up on blankets and air fryers ahead of winter

But despite this, an industry body says overall retail sales volumes continued to fall in September. from BBC News - Business https://ift.tt/6njIPHv

Post Office and Fujitsu to face inquiry over Horizon scandal

The public inquiry is taking further evidence as it investigates the wrongful convictions of postmasters. from BBC News - Business https://ift.tt/fxp01Jt

Ben Bernanke, former US Federal Reserve chief, wins Nobel Prize

Ben Bernanke, who led the Fed through the financial crisis, scooped the award as part of a trio. from BBC News - Business https://ift.tt/ilyoKCD

Widespread disruption as ScotRail strike goes ahead

Passengers face 24 hours of limited services after ScotRail RMT members rejected the latest pay offer. from BBC News - Business https://ift.tt/BVZKbdh

Ticketmaster demand-based pricing system criticised

New dynamic pricing model is designed to stop touts from profiting on the secondary market. from BBC News - Business https://ift.tt/viFfxlb

Musk on China-Taiwan: Beijing praise and Taipei criticism over comments

Tesla chief executive Elon Musk said Taiwan should become a special administrative zone of China. from BBC News - Business https://ift.tt/H0etJfQ

Post Office handles more cash as banks close and prices rise

Bank closures and rising prices mean more people are turning to the Post Office for cash. from BBC News - Business https://ift.tt/nQKVdNB

Greg Hands named trade minister after Conor Burns sacking

The MP had backed Liz Truss's rival for PM but his appointment comes amid calls for party to unite. from BBC News - Business https://ift.tt/wAdS682

Scottish airline Loganair goes on the market

The UK's largest regional airline is being sold with the hope of new owners taking over by mid-2023. from BBC News - Business https://ift.tt/qE1gyQ5

Energy use advice campaign pulled due to cost, Zahawi says

The cabinet minister tells the BBC the public information campaign would have cost up to £15m. from BBC News - Business https://ift.tt/mSLtyK0

How to cut your energy bills

Energy bills have gone up, but there are some easy ways households can reduce costs. from BBC News - Business https://ift.tt/U21jmVL

Cost of living: Off-grid businesses are being forgotten

The owner of Caws Teifi Cheese wants more help for companies who use oil or liquefied petroleum gas. from BBC News - Business https://ift.tt/Vk7tM2e

Renewable energy: Government plan for price cap is risky, firms warn

A government limit on electricity generated in older renewable and nuclear facilities is expected this week. from BBC News - Business https://ift.tt/yCvIXxH

Rail strikes: Only one-in-five trains to run in latest strike

Rail passengers across Britain are urged to avoid travel on Saturday unless absolutely necessary. from BBC News - Business https://ift.tt/6oUMaWA

What will happen if Britain has winter blackouts?

Power cuts are very unlikely in the coming months but not impossible so what would it mean for you? from BBC News - Business https://ift.tt/epEn5O1

US ramps up curbs on chip sales to China

The US has said it wants to prevent China's military from accessing "sensitive technology". from BBC News - Business https://ift.tt/e8uhtfQ

Train strikes: Passengers told to avoid travel on Saturday

The latest strike means only one in five trains will run, with services starting late and finishing early. from BBC News - Business https://ift.tt/aUChXdj

Mortgage rate rises set to put pressure on house prices, says Halifax

The Halifax says higher mortgage costs could put "significant downward pressure" on the market. from BBC News - Business https://ift.tt/7Iq3JuY

UK defies climate warnings with new oil and gas licences

More than 100 licences are expected to be granted for new fossil fuel exploration in the North Sea. from BBC News - Business https://ift.tt/0grKfkP

Adidas puts Kayne West Yeezy deal under review

Earlier this week, the rapper and fashion designer wore a t-shirt that read "White Lives Matter". from BBC News - Business https://ift.tt/uAreXJ1

Samsung warns of 32% hit to profits on chip slump

Meanwhile, US chip maker AMD said its third quarter revenue would be $1bn less than forecasts. from BBC News - Business https://ift.tt/kKaDN7Z

The farmers caught up in Taiwan's tensions with China

Taiwanese fruit growers are unable to sell their crop after Beijing banned their importation. from BBC News - Business https://ift.tt/oyBj487

Homeowners 'tearing their hair out' over rising rates and rents

Whether letting or living in their homes, mortgages are pushing up the cost for many people. from BBC News - Business https://ift.tt/yqpLWDM

Rail strike: Only one in five trains set to run on Saturday

People are being warned to only travel if absolutely necessary as the RMT union holds another strike. from BBC News - Business https://ift.tt/JxHDcWl

Electricity: NI could face blackouts by 2024, officials say

The grid operator has warned that action needs to be taken over issues with Kilroot power station. from BBC News - Business https://ift.tt/SpuTwJ1

Kwasi Kwarteng to meet bank bosses as mortgage rates soar

Major lenders are to meet the chancellor as mortgage costs jump and choice is limited. from BBC News - Business https://ift.tt/imXM4Aj

Avanti West Coast: Mayor urges pressure to be put on train firm

Andy Burnham calls on the transport secretary to insist upon two London-Manchester trains per hour. from BBC News - Business https://ift.tt/YjRr1nQ

Maiden Pharmaceuticals: WHO links Gambia deaths to India-made cough syrups

The WHO said the medicinal syrups may be connected with the deaths of 66 children in The Gambia. from BBC News - Business https://ift.tt/Of2JtjT

Covid: Hong Kong to lure tourists with free air tickets

UK-based Virgin Atlantic said on Wednesday it will stop its Heathrow-Hong Kong services after 30 years. from BBC News - Business https://ift.tt/UpDx71c

CEO Secrets: What's a modern boss to wear?

Business leaders consider how the move towards more informal clothing attire at work affects them. from BBC News - Business https://ift.tt/eVwztBg

Oil price rise fears as Opec countries cut output

The move, which reflects a slowing global economy, is expected to raise oil prices around the world. from BBC News - Business https://ift.tt/wpa0YD6

Elon Musk, Twitter and the mysterious X app

The story of Musk buying Twitter, and how it began with "X, the everything app". from BBC News - Business https://ift.tt/wzHnM0Z

Average two-year mortgage rate highest for 14 years

A typical two-year fixed rate deal has breached the 6% mark for the first time since November 2008. from BBC News - Business https://ift.tt/eRMAKps

Tesco: People watching every penny to make ends meet

The UK's largest supermarket chain has announced a further boost to pay for its UK stores. from BBC News - Business https://ift.tt/GUpEJYk

Elizabeth Holmes: Theranos founder gets hearing on new trial

Elizabeth Holmes requested a new trial after claiming federal prosecutors presented misleading evidence. from BBC News - Business https://ift.tt/XhnrHIJ

Five reasons why China's economy is in trouble

President Xi Jinping faces his greatest challenge yet ahead of a historic Communist Party meeting. from BBC News - Business https://ift.tt/rQnAucM

Pound hits two-week high after debt plan U-turn

Kwasi Kwarteng will bring forward details of how he would cut debt to try to reassure investors. from BBC News - Business https://ift.tt/l3EIhtA

Liz Truss refuses to rule out real-terms benefit cuts

The PM is facing opposition from some Tory MPs over how the government will pay for its growth plans. from BBC News - Business https://ift.tt/lILGNqU

Philippines lottery: Questions raised as hundreds win jackpot

This is the most number of winners the Philippines has seen in its history, according to local media. from BBC News - Business https://ift.tt/VFpQBiw

Zelensky and Musk in row over Ukraine 'peace plan poll'

The Tesla boss asked followers to vote on his ideas to end Russia's invasion, prompting criticism. from BBC News - Business https://ift.tt/IkchRiQ

Can electrical stimulation improve your gym workout?

Whole-body EMS suits are the new big thing in fitness, but do they work? from BBC News - Business https://ift.tt/yxjYaKv

Chancellor Kwasi Kwarteng to set out debt plan earlier than planned

The chancellor has been under pressure to say how he will pay for major tax cuts package. from BBC News - Business https://ift.tt/LmhxQV6

What happens when all the banks leave town?

Could a new "banking hub" solve the problems caused by the departure of five banks from Brechin? from BBC News - Business https://ift.tt/oQLS4mw

Can electrical stimulation improve your gym workout?

Whole-body EMS suits are the new big thing in fitness, but do they work? from BBC News - Business https://ift.tt/yxjYaKv

Drax: UK power station owner cuts down primary forests in Canada

The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada. from BBC News - Business https://ift.tt/j9GfZrc

Finland wants to transform how we make clothes

Firms behind innovative fibres says they can make fashion a more sustainable business. from BBC News - Business https://ift.tt/4sc2q8b

Tory conference: We must stay the course, insists Chancellor Kwasi Kwarteng

Kwasi Kwarteng will defend his tax cuts during his Conservative Party conference speech. from BBC News - Business https://ift.tt/oNwS5iJ

Liz Truss: The prime minister's claims about the economy fact-checked

Prime Minister Liz Truss made claims on growth, borrowing costs and mortgage rises. from BBC News - Business https://ift.tt/QglJy0I