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Showing posts from November, 2022

House prices see biggest fall for two years

Prices fell 1.4% in November as higher interest rates put potential buyers off, says Nationwide. from BBC News - Business https://ift.tt/6Yb5fkK

Foxconn: iPhone maker offers payments for finding new workers

Apple has warned shipments of the iPhone 14 would be delayed due to Covid-19 restrictions. from BBC News - Business https://ift.tt/MbB49SO

Ex-FTX boss Bankman-Fried: 'I didn't try to commit fraud'

In a wide-ranging interview with The New York Times, the former FTX chief says he has almost no money left. from BBC News - Business https://ift.tt/igrYHUA

Paying for the basics is pushing people into debt, charity says

Citizens Advice says homeowners and pensioners are among those increasingly seeking debt advice. from BBC News - Business https://ift.tt/NsVO8Gx

US signals shift to slower interest rate increases

Markets soared after the Federal Reserve signalled a shift in its inflation fight. from BBC News - Business https://ift.tt/PdlSOmx

UK strikes digital trade deal with Ukraine

The agreement is expected to improve cooperation on cyber security, AI and new technologies. from BBC News - Business https://ift.tt/leBLOQf

Meat and dairy prices push food inflation to new high

The British Retail Consortium forecasts a "bleak" winter" as food prices continue to soar. from BBC News - Business https://ift.tt/gX9nfmY

China Covid: Factory activity shrinks more than expected

Zero-Covid policy and slowing global demand are putting the country's economy under pressure. from BBC News - Business https://ift.tt/WymhNjS

Twitter ends Covid misinformation policy under Musk

The Twitter website says it stopped enforcing its misleading information policy on 23 November. from BBC News - Business https://ift.tt/9aBbLwM

Royal Mail postal workers begin fresh two-day strike

The action is the latest in a series of walkouts and will affect deliveries of letters and parcels. from BBC News - Business https://ift.tt/7bec1WN

Octopus takeover of Bulb challenged by rival firms

Octopus Energy's acquisition of collapsed energy firm Bulb could be delayed by a legal fight. from BBC News - Business https://ift.tt/yG4Teh0

Onshore wind: Grant Shapps criticised for 'nonsense' claims

The business secretary says wind turbines are now "so big" they cannot be built on land. from BBC News - Business https://ift.tt/OKcdT83

Plan to make big tech remove harmful content axed

Minister denies weakening the Online Safety Bill after dropping the "legal but harmful" material measures. from BBC News - Business https://ift.tt/pPjNrMi

Christmas savings clubs help spread the festive costs

How small businesses are using savings clubs to help customers spread the cost of Christmas from BBC News - Business https://ift.tt/Z5y3Dgf

Musk feuds with Apple over Twitter advertising

Elon Musk has tweeted that Apple has largely stopped advertising on his platform. from BBC News - Business https://ift.tt/TeL2n9W

Crypto firm BlockFi files for bankruptcy after FTX collapse

The collapse of FTX had already forced BlockFi to suspend most activity on its platform. from BBC News - Business https://ift.tt/azLuR7T

Emergency energy plan for Tuesday postponed

National Grid decides not to activate a scheme to help avoid power cuts after being poised to do so. from BBC News - Business https://ift.tt/yWPc8A3

BT and unions agree pay rise to stop more strikes

Most workers will get a wage rise of £1,500 in deal which is set to halt walkouts at the telecoms giant. from BBC News - Business https://ift.tt/TG8CWYN

Balenciaga campaign: What did the fashion house do?

Kim Kardashian is pulled into a row over the fashion house's latest campaign after heavy backlash. from BBC News - Business https://ift.tt/ZIXTlFx

US bans sale of Huawei, ZTE tech amid security fears

The restrictions on five Chinese companies are the first to be put in place on security grounds. from BBC News - Business https://ift.tt/icnq2E3

Thousands of apprentices quit over quality of schemes

Around 100,000 people are dropping out of schemes after firms fail to provide basic training, says a report. from BBC News - Business https://ift.tt/ewZFgAr

Energy firms warned over hiking direct debits

The government says companies must match bills with customers who are cutting energy use. from BBC News - Business https://ift.tt/ROwzJGS

Energy sector reforms criticised by British Gas owner

Regulator Ofgem announces plans to strengthen the sector but is criticised by the UK's biggest supplier. from BBC News - Business https://ift.tt/Yb3ID0Z

Jaguar Land Rover cuts output at UK factories due to chip shortage

The carmaker is reducing production at its factories in Solihull and Halewood until the spring. from BBC News - Business https://ift.tt/sFjNkMx

When are the train strikes and what routes are affected?

More national rail strikes have been announced by the RMT union. from BBC News - Business https://ift.tt/FziRBcq

Elon Musk says Twitter will offer 'amnesty' to suspended accounts

Several accounts - including Donald Trump's - have already been reinstated by the multi-billionaire. from BBC News - Business https://ift.tt/3CMdfnx

Why Donald Trump isn't returning to Twitter (for now)

How the former US president might lose money if he starts tweeting. from BBC News - Business https://ift.tt/284HDvQ

The little-known nut that may save at-risk rainforests

Growing sales of an Indonesian nut called kenari is helping to reduce deforestation. from BBC News - Business https://ift.tt/2WR0yaY

Police to text 70,000 victims in UK's biggest anti-fraud operation

The website iSpoof, used by criminals to make fake calls, has been taken down. from BBC News - Business https://ift.tt/1gUxyXP

Foxconn: iPhone maker apologises after huge protests at China plant

It comes after protests broke out at the world's largest iPhone factory over pay and work conditions. from BBC News - Business https://ift.tt/iCNQHVY

Holiday swindlers: The rise of digital travel scams

Social media is helping travel agents to impress clients, and sometimes to scam them. from BBC News - Business https://ift.tt/n5M7QWA

UK airports could ditch luggage liquid rules by 2024

The 100ml bottle restriction could be axed thanks to 3D scanners, which are being trialled in airports. from BBC News - Business https://ift.tt/JDBzrec

Jeremy Hunt: Cut energy use to stop Putin 'blackmail'

People need to cut consumption to reduce the UK's reliance on Russia, the chancellor says. from BBC News - Business https://ift.tt/vgb0K41

Pound hits post-Truss high as dollar weakens

Sterling has reached its highest level against the US dollar since mid-August. from BBC News - Business https://ift.tt/lys1xk8

Cost of living: New Zealand steps up fight against soaring prices

The country's central bank has raised its key interest rate to the highest level since 2009. from BBC News - Business https://ift.tt/lTdHXk9

CEO Secrets: Seatfrog founders share their business advice

The founders of Seatfrog share their business advice for the CEO Secrets series. from BBC News - Business https://ift.tt/ARqZwcj

'I wouldn't leave South Africa, I have a kid here'

South African software developers discuss what it means to them to do business in the country. from BBC News - Business https://ift.tt/h9xHupR

Manchester United: Glazer family owners consider selling Premier League club

Manchester United's American owners the Glazer family say they are considering selling the club as they "explore strategic alternatives". from BBC News - Business https://ift.tt/szej0ZY

FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'

FTX's collapse was described in court as "one of most abrupt and difficult" in corporate America. from BBC News - Business https://ift.tt/q49s30r

More train strikes announced by rail union

The RMT says further strike action will take place across four 48-hour periods in December and January. from BBC News - Business https://ift.tt/Lo4sb82

US tech layoffs: India workers face painful exit from the US

Indians are among thousands of educated and skilled immigrant workers laid off by US tech giants. from BBC News - Business https://ift.tt/db6eOQS

We must wean economy off immigration, Labour leader to warn businesses

Sir Keir Starmer will promise a "pragmatic" immigration policy in a speech to business leaders. from BBC News - Business https://ift.tt/CITKL4O

Are flying taxis getting closer to lift-off?

US air regulators said they would add flying cars to the list of regulated aircraft. from BBC News - Business https://ift.tt/2FDeOMT

Brexit: Rishi Sunak rules out deal that relies on EU law alignment

"I believe in Brexit," says Rishi Sunak, after suggestions UK could pursue a Swiss-style deal with the EU. from BBC News - Business https://ift.tt/0Vq26pQ

Crypto rules needed after FTX collapse, says Bank of England

The UK could face a "crypto shock" without better regulations, says a senior official at the Bank. from BBC News - Business https://ift.tt/abQ0rvL

WhatsApp groups help get food to those who need it

Messaging apps have become a popular way to reach people who are struggling with the cost of food. from BBC News - Business https://ift.tt/I5XjZyr

Libraries at risk of cuts despite 'unprecedented' rise in users

Local libraries are seeing more people come through their doors, but fear services will be cut. from BBC News - Business https://ift.tt/JfrbHUT

FTX crypto exchange owes biggest creditors $3.1bn

FTX owes about $1.45bn to its top 10 creditors, according to its US bankruptcy court filings. from BBC News - Business https://ift.tt/qrKNZJd

Musk lifts Donald Trump's Twitter ban

The former US president's account is reinstated - but he says he sees no reason to return. from BBC News - Business https://ift.tt/PxrDhq9

Jeremy Hunt has no plan for growth, says CBI boss

Tony Danker tells the BBC the Autumn Statement will tackle inflation but won't revive growth. from BBC News - Business https://ift.tt/8YtIVvs

Theranos scandal: Who is Elizabeth Holmes and why was she on trial?

"She just seemed absolutely confident of her own brilliance," a Stanford professor remembers of the former student. from BBC News - Business https://ift.tt/QE27KqC

Will you be allowed to watch the World Cup at work?

Bosses have to decide whether to get behind the controversial World Cup. from BBC News - Business https://ift.tt/Qr7sWRS

Banksy accuses clothing brand Guess of 'helping themselves' to his artworks

The graffiti artist called on shoplifters to visit a London branch of Guess in retaliation. from BBC News - Business https://ift.tt/Kq0Gr2M

UK house prices forecast to fall for the next two years

A drop of 9% is expected between now and autumn 2024, an official forecaster suggests. from BBC News - Business https://ift.tt/hpNPsmU

World Cup 2022: Beer sales banned at World Cup stadiums in Qatar

Alcohol will not be sold at the World Cup's eight stadiums in Qatar, Fifa have announced from BBC News - Business https://ift.tt/0TlbDcd

Autumn Statement: Jeremy Hunt defends tax rises for middle earners

Jeremy Hunt says his plan is "balanced", after think tank says it piles more pressure on "squeezed middle". from BBC News - Business https://ift.tt/IlMWvrU

Shop sales rise but remain below pre-pandemic levels

Sales rebounded in October after the previous month was affected by stores closing for the Queen's funeral. from BBC News - Business https://ift.tt/XGUdZm2

Elon Musk: Twitter closes offices until next week

It comes amid reports that large numbers of staff have resigned from the social media platform. from BBC News - Business https://ift.tt/rlIoO1y

Taxing electric cars 'short-sighted' say manufacturers

Extending the tax to include electric models is "short-sighted" says Ford. from BBC News - Business https://ift.tt/QAPDbFc

Royal Mail asks to stop Saturday letter deliveries

It comes as the business seeks to revive its fortunes after slumping to a hall-year loss. from BBC News - Business https://ift.tt/BwGzhEF

Why smart thermostats don't always save you money

The makers of smart thermostats says the devices can cut energy bills but the evidence is not conclusive. from BBC News - Business https://ift.tt/HUYztwl

Ukraine war: Billionaire Andrew Forrest launches $25bn fund for reconstruction

Andrew Forrest's Ukraine Green Growth Initiative aims to replace destroyed infrastructure. from BBC News - Business https://ift.tt/rD0BW6Q

Taylor Swift Ticketmaster crash draws ire on Capitol Hill

A glitch caused by high demand for her concerts has triggered monopoly busters in Washington DC. from BBC News - Business https://ift.tt/1XZ36lF

Autumn Statement: Jeremy Hunt to unveil spending cuts and tax rises

Pensions and benefits will rise with prices but energy support is expected to be scaled back, the BBC understands. from BBC News - Business https://ift.tt/Mmwd46g

Chinese buyout of Newport microchip plant a 'security risk'

The UK government says Nexperia's takeover of Newport Wafer Fab creates national security risks. from BBC News - Business https://ift.tt/v6XmxS3

Estee Lauder to buy designer brand Tom Ford

The cosmetics giant will purchase the designer fashion brand for £2.4bn. from BBC News - Business https://ift.tt/6IAGJfL

Water customers may be owed £163m for sewage spills

Water companies have been discharging waste in to rivers, claim researchers of corporate wrongdoing. from BBC News - Business https://ift.tt/3Ps96g8

Over a million are owed money by failed crypto exchange

Experts and watchdogs warn UK investors that when crypto firms fail, getting money back is unlikely. from BBC News - Business https://ift.tt/bQIsm5P

No uniform choice for Virgin Atlantic crew on World Cup flight

The airline's gender-neutral uniform policy does not apply to staff flying the England team to Doha. from BBC News - Business https://ift.tt/KPF5XL4

Made.com collapse: Nottingham auction house to sell off stock

It comes after the online furniture retailer collapsed, leading to hundreds of job losses. from BBC News - Business https://ift.tt/3PlnbwY

Heinz, Dolmio and Anchor: Top food brands see prices soar

The price of some popular branded foods have as much as doubled in two years, Which? research suggests. from BBC News - Business https://ift.tt/1PzjF4h

Biggest crypto exchange Binance urges new industry rules

The boss of Binance tells the G20 the collapse of a rival exchange shows crypto needs regulations. from BBC News - Business https://ift.tt/w8zTPBG

Cost of living: Japan economy unexpectedly shrinks after yen slide

People and businesses spent less than expected as the weak Japanese currency made imports more expensive. from BBC News - Business https://ift.tt/fVk6Ii9

Cost of living: Electric heaters may pose fire risks despite savings

The popularity of portable heaters to warm a single room has increased as energy bills have soared. from BBC News - Business https://ift.tt/lI4MXa8

Amazon 'prepares mass job cuts' as sales slow - reports

The reductions could affect about 10,000 people at the e-commerce giant, reports suggested. from BBC News - Business https://ift.tt/SHNeTdi

Cost of living: 'We've got to sell our family home due to mortgage rise'

A mother-of-three says she can't see any option than selling her house due to mortgage rates rising. from BBC News - Business https://ift.tt/6fvI35Q

Rishi Sunak: We’ll deliver public finances markets expect

The PM says this week's autumn budget would "put our public finances on a sustainable trajectory". from BBC News - Business https://ift.tt/r1deChc

Cost of living: Expanded energy bill discount scheme under way

A bigger rebate under the Warm Home Discount begins but concerns remain some are missing out. from BBC News - Business https://ift.tt/WavnJ1j

Frasers Group said to be close to buying Savile Row tailor - report

The Sports Direct owner is reported to be advanced talks to buy Savile Row tailor Gieves & Hawkes. from BBC News - Business https://ift.tt/U60Tajg

Country star Dolly Parton gets $100m award from Amazon founder Jeff Bezos

The Amazon founder commended the country music star for her commitment to improving literacy. from BBC News - Business https://ift.tt/QqNteYM

Why smart thermostats don't always save you money

The makers of smart thermostats says the devices can cut energy bills but the evidence is not conclusive. from BBC News - Business https://ift.tt/fQ0FBV4

The repair Budget to defuse a financial timebomb

Chancellor Jeremy Hunt's key message this week will be about restoring stability and controlling price rises. from BBC News - Business https://ift.tt/JLAHUGn

Jeremy Hunt: Everyone will have to pay more tax

The chancellor also tells the BBC he wants to make sure any recession is as short and shallow as possible. from BBC News - Business https://ift.tt/MQx8giV

The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried

How a crypto empire built on video game battles and beanbags came crashing down. from BBC News - Business https://ift.tt/UOZotNq

Autumn Statement: When is it and how will it affect me?

With the UK facing a cost-of-living crisis the government is set to unveil tax and spending plans. from BBC News - Business https://ift.tt/ZLQ4ntD

'There really is more to life than posting on Instagram'

A small but growing number of people are giving up the likes of Facebook, Twitter and Instagram. from BBC News - Business https://ift.tt/NuOdS9I

Twitter drama continues with blue-tick confusion

A number of executives have walked out after a turbulent launch of new Twitter features. from BBC News - Business https://ift.tt/sWFA127

Heathrow Airport says no passenger limits over Christmas

The airport has been working with airlines and ground handlers to prepare for the busy period. from BBC News - Business https://ift.tt/aTIvkrO

Recession looms as UK economy starts to shrink

It comes after the Bank of England warns the UK is facing a two-year financial slump. from BBC News - Business https://ift.tt/Ng3MKi4

Inside the capture of a Russian oligarch's superyacht

A $325m luxury boat is floating in a US cargo port after the FBI tracked it down in the Pacific. from BBC News - Business https://ift.tt/sHAgktS

US regulator FTC says it is concerned about Twitter

The Federal Trade Commission says developments at Twitter could risk it violating regulatory orders. from BBC News - Business https://ift.tt/GixLeJo

Labour vows to lift ban on onshore wind

A Labour government would ease planning rules for new onshore wind farms, Sir Kier Starmer says. from BBC News - Business https://ift.tt/8B97hfm

KFC apologises after German Kristallnacht promotion

The fast-food chain urged German customers to commemorate the Nazi pogrom with cheesy chicken. from BBC News - Business https://ift.tt/RepjLZ9

100,000 civil servants vote for strike action

The Public and Commercial Services Union is calling for a 10% pay rise and no cuts to redundancy terms. from BBC News - Business https://ift.tt/9rtS4hV

Musk tells Twitter staff remote working will end

The boss of the social media firm also warns workers to prepare for "difficult times", reports say. from BBC News - Business https://ift.tt/tOrhIyw

Elon Musk foreign ties worth being looked at, Joe Biden says

The US president was asked whether Saudi Arabia helping the Tesla boss to buy Twitter should be probed. from BBC News - Business https://ift.tt/79Ww8Qo

Economists question 'black hole' in UK finances

The government's justification for upcoming UK tax rises and spending cuts is shaky, economists say. from BBC News - Business https://ift.tt/3Br0iPI

Christmas adverts toned down during cost of living crisis

John Lewis says the cost of living crisis was "front of mind" as it joins other big brands launching festive campaigns. from BBC News - Business https://ift.tt/GJfqQBP

Binance walks away from FTX crypto exchange bailout

Binance will not pursue the deal for its smaller rival citing reports of 'mishandled customer funds'. from BBC News - Business https://ift.tt/GKrfa2j

Facebook-owner Meta to cut 13% of its workforce

Chief executive Mark Zuckerberg said it was one of the most difficult changes in Meta's history. from BBC News - Business https://ift.tt/jZhTPc4

M&S warns of 'gathering storm' as profits fall

Profits fall sharply at the High Street giant as it struggles with higher energy bills and overheads. from BBC News - Business https://ift.tt/Nxs5qfv

Made.com goes bust with up to 500 jobs lost

The firm, which enjoyed soaring sales during Covid lockdowns, hit problems as households cut back. from BBC News - Business https://ift.tt/VS2dNoK

FTX: Cryptocurrency market rocked by near-collapse of exchange

The world's biggest cryptocurrency exchange said it reached a deal with FTX to cover a "liquidity crunch". from BBC News - Business https://ift.tt/X6SkptT

'One of the hottest start-up spaces in the US'

North Carolina is aiming to become a hub for start-ups to grow and do business. from BBC News - Business https://ift.tt/Vhow6U3

Disney says streaming business at 'turning point'

The company has more than 235 subscriptions across its three streaming platforms, including Disney+. from BBC News - Business https://ift.tt/yG3u9Xh

Egg farmers squeezed as costs rise

Some farmers have accused supermarkets of not paying them a fair price for their eggs. from BBC News - Business https://ift.tt/9ntUmGZ

Tesla recalls 40,000 cars over power-steering fault

The recall affects the 2017-21 Model S and Model X vehicles. from BBC News - Business https://ift.tt/4a3LDmI

Primark pledges no more price rises as costs soar

The firm's owner said the soaring cost of living is putting households under pressure. from BBC News - Business https://ift.tt/NyrTBVZ

Foxconn: iPhone maker bets on electric truck firm Lordstown Motors

The Taiwanese technology giant says it will invest up to $170m in Ohio-based Lordstown Motors. from BBC News - Business https://ift.tt/k2LGpv8

When are the £400 energy rebate and other cost-of-living payments due?

All UK households are getting £400 off their winter energy bill and many on low incomes get extra help. from BBC News - Business https://ift.tt/WlEGDCq

Rail disruption: Many services to start late on Tuesday

First trains will run later on many lines - as Avanti West Coast says services are limited all day. from BBC News - Business https://ift.tt/NrOExRA

Facebook owner Meta expected to announce major job losses

The company faces difficult economic conditions and is investing heavily in its metaverse push. from BBC News - Business https://ift.tt/VL8obHr

Ex-Made boss says offer to save company ‘rebuffed’

Former boss of furniture brand says his offer to rescue firm from administration was rejected. from BBC News - Business https://ift.tt/2KNFm06

Do not end green energy grants, manufacturers urge MPs

Manufacturing firms urge MPs to match an EU scheme subsidising the cost of renewable energy systems. from BBC News - Business https://ift.tt/70SVW2o

Apple: iPhone shipments delayed over China Covid lockdown

Firm warns customers to expect longer wait times for its new iPhone due China's Covid lockdown. from BBC News - Business https://ift.tt/pZj831d

Ebay urges shoppers to pick old over new this Black Friday

This Black Friday the online marketplace is promoting used items to avoid unwanted spending and waste. from BBC News - Business https://ift.tt/WE0rtwY

Made.com expected to go into administration this week

Around 500 staff are expected to lose their jobs after the online furniture store failed to find a buyer. from BBC News - Business https://ift.tt/2AOthe4

Rail passengers urged to check Monday travel

Most train companies will operate limited services on Monday despite strikes being called off. from BBC News - Business https://ift.tt/vs79hzY

National Insurance: Will tax cut save me money?

The government's reversal of the 1.25p increase in National Insurance has come into effect. from BBC News - Business https://ift.tt/PURAKO8

Twitter confirms fee for blue-tick verification after Musk takeover

Controversially Twitter says blue-tick status will be open to those who pay a monthly $7.99. from BBC News - Business https://ift.tt/x590XCk

Liberal Democrats: Give struggling homeowners £300 a month

People whose mortgage payments had risen more than 10% would get a grant, under the party's plan. from BBC News - Business https://ift.tt/e4LaDqH

Cost of living: Pub halves beer and cider choice to survive

A landlord is pinning energy bills to walls to show regulars why the cost of their pint has gone up. from BBC News - Business https://ift.tt/9Rfu4Kk

Jack Dorsey: Twitter co-founder breaks silence on Elon Musk takeover

The former CEO appeared to agree with the dismissals, saying he had grown the company "too quickly". from BBC News - Business https://ift.tt/Q3gwvu5

Twitter UK staff get deadline over cuts consultation

Hundreds affected by Twitter's worldwide job cuts have three days to elect a representative. from BBC News - Business https://ift.tt/QmUh7Lj

Twitter: Musk defends deep cuts to company's workforce

The site's new owner says he had "no choice" but to slash jobs - cuts which appear to affect 50% of staff. from BBC News - Business https://ift.tt/wurPe0s

Series of rail strikes from Saturday suspended

The RMT union had been planning strikes on 5, 7 and 9 November in a dispute over pay. from BBC News - Business https://ift.tt/WSkJY1x

US jobs growth solid but slowing amid inflation fight

The news comes as the economy remains a top concern for voters ahead of the midterm elections. from BBC News - Business https://ift.tt/gQTVzwA

Workers at Heathrow to strike in World Cup run-up

A union says 700 workers at the UK's biggest airport will walk out for three days from 18 November. from BBC News - Business https://ift.tt/qNrlCvL

Avanti West Coast: Rail boss apologises for recent disruption

Avanti West Coast and Transpennine Express have been criticised for reduced timetables and cancellations. from BBC News - Business https://ift.tt/H8sZBdk

Twitter to make job cuts after Elon Musk takeover

The social media giant says staff will be told on Friday whether they are to be laid off. from BBC News - Business https://ift.tt/h3ZzSNs

Mortgages: What happens if I miss a payment?

Homeowners are worried about rising mortgage costs - but lenders must help those struggling. from BBC News - Business https://ift.tt/7iYCn2N

Life tough for millions of households, says Sainsbury's boss

The supermarket reports a fall in profits and says shoppers are "watching every penny and every pound". from BBC News - Business https://ift.tt/SMOeJvm

One in four have accents mocked at work - survey

Almost half of those surveyed have also faced jibes over their accents in a social setting. from BBC News - Business https://ift.tt/cWrz5bG

TikTok says staff in China can access UK and EU user data

The Chinese social media giant said the policy is "based on a demonstrated need to do their job". from BBC News - Business https://ift.tt/rvRHAQg

House prices: What happens when they fall?

How could rising interest rates affect the housing market around the UK? from BBC News - Business https://ift.tt/td4Mc96

Cost of living: The homebuyers anxious about their mortgages

Three people from Derby tell BBC News how they will be affected by the Bank of England base rate hike. from BBC News - Business https://ift.tt/gGRJri0

China Covid: Panic and fear drove iPhone factory breakout

Workers at the plant in Zhengzhou, China, thought they were going to be part of a huge Covid experiment. from BBC News - Business https://ift.tt/abtsheu

Questions raised about AI weapons-scanning company

BBC News has seen evidence Evolv, which claims to have the "signatures" of all weapons, has limitations. from BBC News - Business https://ift.tt/zS2QXtg

Cost of a cup of tea rising as food prices jump

Prices for tea bags, milk and sugar all rose significantly in October, according to latest figures. from BBC News - Business https://ift.tt/kD0URIH

Four areas added to banking hubs waiting list

The shared premises serve customers from a range of banks but only two have opened so far. from BBC News - Business https://ift.tt/tJTVYr2

Prison job advert banned for racial stereotyping

The photo of a black inmate and white officer was likely to cause serious offence, a watchdog found. from BBC News - Business https://ift.tt/bkgOeMP

Elon Musk says £7 monthly fee for Twitter blue tick

Critics say the change could make it harder for people to find reliable sources on the social media site. from BBC News - Business https://ift.tt/uQLRwjB

Bank makes history as it reverses ‘quantitative easing’

It is the first central bank to start unwinding the emergency support brought in after the 2008 financial crisis. from BBC News - Business https://ift.tt/f3KjOvR

Morrisons to close 132 McColl's stores putting jobs at risk

Owner Morrisons says that closing the loss-making stores will put 1,300 jobs at risk. from BBC News - Business https://ift.tt/2S6YpT7