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Showing posts from December, 2022

New Year's Eve parties hit by rail strikes and cost of living

New year bookings at bars and restaurants are down due to rail strikes and price rises, industry experts say. from BBC News - Business https://ift.tt/e40AYXy

Trump's tax returns released after years-long effort

The former president had long sought to keep his records from being seen by the public. from BBC News - Business https://ift.tt/sFafU3u

York records strongest house price rises in 2022

Prices in the historic North Yorkshire city surged by 23.1%, or £69,648, the Halifax bank finds. from BBC News - Business https://ift.tt/mgHnNhd

Hershey sued in US over metal in dark chocolate claim

The lawsuit alleges that three Hershey products contain harmful levels of lead and cadmium. from BBC News - Business https://ift.tt/A9muPeH

Buses: More cuts to services to come, operators warn

Campaigners say a temporary £2 maximum fare will not stem a fall in passengers, amid service cuts. from BBC News - Business https://ift.tt/ovfg3Qb

The high street shops thriving after a tough year

It has been a tough year with more challenges to come, but some retailers are proving the fittest can survive. from BBC News - Business https://ift.tt/TuvFCN9

December and January strikes: Who is striking and what are their pay claims?

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

Strikes may continue into 2023, warns TUC union

The TUC says industrial action could spread into next year unless the government enters negotiations. from BBC News - Business https://ift.tt/CqsgIVk

Energy bills: Changes on 1 January may cause confusion

Slight changes to gas and electricity rates are likely to add only pennies, not pounds, to your bill. from BBC News - Business https://ift.tt/94GwoBR

Energy giant ExxonMobil sues EU to block energy windfall tax

The US company says the levy on its profits will discourage future investment in Europe. from BBC News - Business https://ift.tt/EYyRruN

Airport strikes could go on for months, says PCS union boss

The boss of the PCS union says Border Force staff walkouts on Friday could be the first of many. from BBC News - Business https://ift.tt/8uRaNT4

Energy giant ExxonMobil sues EU to block energy windfall tax

The US company says the levy on its profits will discourage future investment in Europe. from BBC News - Business https://ift.tt/EYyRruN

Covid in China: People rush to book travel as borders finally reopen

But Chinese tourists will not have unfettered access to all countries - as some impose restrictions. from BBC News - Business https://ift.tt/Gl7S4RP

Strikes: Border Force, rail and driving test staff walk out

About 1,000 workers at six UK airports will resume their walkout over pay and conditions. from BBC News - Business https://ift.tt/9brjo3n

Spain announces €10bn help to fight rising prices

PM Pedro Sánchez backs aid for households amid an energy crisis prompted by Russia's war in Ukraine. from BBC News - Business https://ift.tt/iR6V2Yy

Russia bans oil sales to countries using price cap

The oil price cap, agreed by Western countries, aims to reduce Russian revenue for its war in Ukraine. from BBC News - Business https://ift.tt/CXlznBO

Shaws the Drapers enters liquidation after 106 years

About 150 staff are believed to be affected after they were told by email the company will close. from BBC News - Business https://ift.tt/Ondgh3Z

Train strikes: Disruption to continue into the New Year

Strikes this week include staff from customer service, safety and timetabling at three companies. from BBC News - Business https://ift.tt/CFXhWZU

Train strikes: Services expected to start later as latest walkout ends

Passengers are being urged to check travel times as rail workers finish their latest walkout. from BBC News - Business https://ift.tt/Xi0kIyz

Shoppers set to cut spending at Boxing Day sales

The rising cost of living is expected to curb the appetite for post-Christmas bargain-hunting. from BBC News - Business https://ift.tt/gctv9JO

UK weather: Ice warnings and rail strikes set for Boxing Day

Warnings for ice and snow are in place in parts of the UK as rail strikes continue on Boxing Day. from BBC News - Business https://ift.tt/VbvtFrq

Workers over 50 encouraged to end early retirement

It follows a recent report which highlighted early retirement as an issue around a UK labour shortage. from BBC News - Business https://ift.tt/XhGHkxJ

Train strikes: Passengers brace for Christmas Eve disruption

Trains will stop running at around 15:00 on Saturday, as walkouts on the railways and other industries continue. from BBC News - Business https://ift.tt/pbyqgtF

What are my rights if my flight is cancelled?

Strikes and poor weather may cause disruption at airports, but passengers do have rights. from BBC News - Business https://ift.tt/1JMiHGF

Meta settles Cambridge Analytica scandal case for $725m

The proposed deal by Facebook's owner is the largest in a US data privacy class action, say lawyers. from BBC News - Business https://ift.tt/IC8BTY4

Royal Mail: When are the postal strikes and what were the Christmas post dates?

About 115,000 postal workers are taking part in the dispute with Royal Mail. from BBC News - Business https://ift.tt/MEy4NqY

Airport strikes: Border Force staff begin Christmas walkout

Travellers arriving in the UK are warned to expect disruption and delays as staff who check passports go on strike. from BBC News - Business https://ift.tt/lfs3iFh

Online whisky auction house's sales hit £50m

Perth-based Whisky Auctioneer says 2022 has been a record year for some distilleries. from BBC News - Business https://ift.tt/rlpKQac

Amazon could be blamed for fake Louboutin shoe ads - EU

Top EU court says Amazon could be held responsible for third-party sales of fake Louboutin shoes. from BBC News - Business https://ift.tt/UwoP0ZR

Rail fares in England to rise by up to 5.9% from March

The below-inflation increase in regulated fares will take place in March, the government says from BBC News - Business https://ift.tt/z1Ct0iL

TransPennine Express cancels more rail services over IT issue

TransPennine Express cancels services for a second day running, due to an ongoing "software issue". from BBC News - Business https://ift.tt/ftS2C6O

Trump business losses sharply reduced his tax bill

In 2020, Mr Trump reported negative income and paid no income tax. from BBC News - Business https://ift.tt/7WjvaIS

Who is striking? How Thursday 22 December’s walkouts will affect you

What you need to know about Thursday's walkout by highway workers, by the BBC's Zoe Conway. from BBC News - Business https://ift.tt/AGdHFUa

Fresh warning of disruption on airport strike days

A senior Border Force official has said he hopes to keep all airports open as staff strike. from BBC News - Business https://ift.tt/ZQktqYi

Netflix password sharing may be illegal, says UK government

The Intellectual Property Office said the practice might break criminal and civil law. from BBC News - Business https://ift.tt/n4LCOa1

The cargo hauling aircraft with no pilots on board

Rejecting deliveries to the doorstep, some drone makers are betting on bigger pilot-free aircraft. from BBC News - Business https://ift.tt/xhQl0a3

H&M: Justin Bieber collection axed after singer's 'trash' criticism

The retailer removed its collection after the star says he didn't approve it or give permission. from BBC News - Business https://ift.tt/BKwDIi5

Cost of living: If no one comes, we close early, says pub

Almost 90% of pubs are considering shorter opening hours over winter as bills rise, according to a new survey. from BBC News - Business https://ift.tt/gEGwSVk

Who is striking? How Wednesday 21 December's walkouts will affect you

What you need to know about Wednesday's ambulance workers strike - by the BBC’s Zoe Conway. from BBC News - Business https://ift.tt/Yhx7ADk

3M manufacturing giant to stop making 'forever chemicals'

The firm will stop making the materials that have been linked to a range of health problems. from BBC News - Business https://ift.tt/3JksVni

Elon Musk: Only blue tick users to vote in Twitter polls on policy

The billionaire says he will change the policy on Twitter votes after users say he should step down. from BBC News - Business https://ift.tt/GIqRfo9

Train drivers announce new January strike date

The first week of the new year will be marked by rail strikes as drivers take action over pay. from BBC News - Business https://ift.tt/QzFCwdA

FTX boss Sam Bankman-Fried agrees to be extradited

The cryptocurrency exchange boss is expected to travel to the US to face fraud charges, the BBC understands. from BBC News - Business https://ift.tt/a6wAx1H

Low-deposit mortgage scheme extended for a year

The scheme offers government backing to encourage lenders to offer low-deposit mortgages to buyers. from BBC News - Business https://ift.tt/fnV7zN3

Decision on energy bill support for businesses postponed

Business groups angry after a decision on extending energy support is put off until the new year. from BBC News - Business https://ift.tt/ng3ERJz

Fortnite firm penalised for claims it broke child privacy law

Epic Games will pay $520m to settle claims it violated laws and also tricked users into making purchases. from BBC News - Business https://ift.tt/lJVZsxh

Treasury announces date of next Budget

Chancellor Jeremy Hunt will set out the government's tax and spending plans next spring. from BBC News - Business https://ift.tt/cCP4TaH

NI households to receive energy payment from January

The £600 is being delivered by the UK government in the absence of ministers at Stormont. from BBC News - Business https://ift.tt/MW7DFyS

Battery lights vs mains LED bulbs: What's cheaper?

As some shoppers swap mains bulbs for battery lights, we investigate if money is really being saved. from BBC News - Business https://ift.tt/pG8VMEO

More than 130 bus operators to offer £2 tickets

The government-funded scheme will cap fares in England outside London from 1 January to 31 March. from BBC News - Business https://ift.tt/YN7gUvj

Twitter to stop users linking to big social media platforms

The move affects content from Facebook, Instagram and Mastodon among other social media sites. from BBC News - Business https://ift.tt/nLPA9rd

Who is striking? How this coming week’s walkouts will affect you

Useful information on strikes during the week up to Christmas, by the BBC’s Zoe Conway. from BBC News - Business https://ift.tt/9Fr7jEz

Singapore's crypto ambitions shaken by FTX collapse

Users call for more regulation after state fund writes off investment in fallen cryptocurrency exchange. from BBC News - Business https://ift.tt/lfBKmsL

Train strikes to disrupt weekend before Christmas

People are being advised not to travel on the railways as workers continue strikes on Saturday. from BBC News - Business https://ift.tt/qBl0Q2r

Wolford owner Lanvin says luxury is never out of style

Lanvin Group hopes to be the first luxury giant to rise out of Asia. from BBC News - Business https://ift.tt/Ctxk2nA

US-China chip war: How the technology dispute is playing out

Washington announced some of the broadest export controls on chipmakers in October. from BBC News - Business https://ift.tt/QlnwBK6

Royal Mail: Views from both sides of the picket line

The BBC spoke to a striking worker on the picket line and someone who chose to work on Friday. from BBC News - Business https://ift.tt/jyJ1q9t

Former US President Donald Trump launches $99 NFT collection

They depict the former US president in various guises including a superhero, astronaut and Nascar driver. from BBC News - Business https://ift.tt/yg7Zj2Q

Twitter bans some journalists who cover Elon Musk

Some reporters for the New York Times, CNN and Washington Post have had their accounts suspended. from BBC News - Business https://ift.tt/RQoHd0x

Climate boss Carney's firm linked with deforestation

Brookfield sold Brazil farms despite boss's call not to "walk away" from carbon-intensive assets from BBC News - Business https://ift.tt/10qCKBV

Heathrow ground handling staff call off strike

Members of Unite had been due to walk out on Friday morning in a dispute over pay. from BBC News - Business https://ift.tt/yiVlWYo

TikTok tests landscape videos in major shake-up

The world's fastest-growing social media platform has become known globally for its vertical format. from BBC News - Business https://ift.tt/QYP4Da6

Smart motorways: Warning safety tech must improve 'urgently'

Safety measures on all-lane running smart motorways are not working well enough, the transport watchdog says from BBC News - Business https://ift.tt/uDzCXai

County Durham Evri staff say parcels will not arrive by Christmas

Families will be "disappointed" this Christmas as Evri tries to deal with backlogs, workers claim. from BBC News - Business https://ift.tt/1UinXzA

Social media influencers charged with $100m stock scheme

The defendants allegedly used their platforms to hype stocks before selling them off once the prices rose. from BBC News - Business https://ift.tt/76APko9

Elon Musk sells $3.6bn of shares in electric car maker Tesla

The sale brings the total of Tesla stocks sold by Mr Musk over the past year to almost $40bn. from BBC News - Business https://ift.tt/KDuXZgf

Buy festive shopping in store, small retailers say

The warning comes as Royal Mail staff walk out in a fight over pay and conditions. from BBC News - Business https://ift.tt/HpDlrzm

Twitter suspends @ElonJet account that tracked owner Elon Musk's private plane

The account that tweeted about Elon Musk's private jet is suspended for violating Twitter rules. from BBC News - Business https://ift.tt/rRime9C

Poor rail services caused by toxic mix, MPs told

There is a "total let-down" for rail passengers in the north of England, a transport committee hears. from BBC News - Business https://ift.tt/1v6BRzc

UK inflation drops but cost of living remains high

The inflation rate is 10.7% down from 11.1% in the previous month, official figures show. from BBC News - Business https://ift.tt/PYViNRZ

FTX crypto boss Sam Bankman-Fried denied bail in Bahamas

Sam Bankman-Fried is accused of a huge scheme to defraud investors in failed crypto exchange FTX. from BBC News - Business https://ift.tt/oPwL05N

Hong Kong markets watchdog warns of cryptocurrency platform risks

It comes after the founder of the failed crypto exchange FTX was arrested and charged with fraud. from BBC News - Business https://ift.tt/qdZyah7

From Bitcoin to blockchain: Key cryptocurrency terms and what they mean

As cryptocurrency makes headlines once again, here's a look at the main concepts and what they mean. from BBC News - Business https://ift.tt/wDT7s0B

US inflation rate slows as fuel costs fall

US inflation rose 7.1% over the 12 months to the end of November, dropping from 7.7% in October. from BBC News - Business https://ift.tt/0geVSsZ

Dangerous Christmas lights listed for sale on Amazon and eBay, Which? finds

Testing by consumer group Which? finds some cheap lights fail to meet UK electrical safety regulations. from BBC News - Business https://ift.tt/qrQzhv4

Train strikes: Support for walkouts not falling, insists RMT union boss

A series of strikes kicked off on Tuesday, bringing major disruption to the UK's rail network. from BBC News - Business https://ift.tt/Qj8H7lh

Days lost to strikes hit highest in over a decade

The Office for National Statistics says 417,000 working days were lost to industrial action in October. from BBC News - Business https://ift.tt/rSNGY9p

Buy now, pay later: Things you need to know about the loan schemes

With Christmas fast approaching here's what you need to know before borrowing money. from BBC News - Business https://ift.tt/LNKvMC3

Train strikes: Widespread delays expected as latest walkouts loom

About 40,000 rail workers will start walking out on Tuesday in a row about jobs and pay. from BBC News - Business https://ift.tt/QaHWT4c

UK economy shrinks between August and October

The economy contracted by 0.3% over the three month period despite a rebound in October. from BBC News - Business https://ift.tt/8iV6I2P

Coal plants put on standby to supply electricity

National Grid orders coal-fire units to begin warming up as cold weather sweeps the UK and Europe. from BBC News - Business https://ift.tt/jQ3ZRyx

Twitter's paid blue tick re-launches after pause

Twitter will once again offer a blue tick badge and additional features for a monthly fee. from BBC News - Business https://ift.tt/gUb81aY

Second-hand tech booms as shoppers look for bargains

From phones to exercise bikes, the market for second-hand kit is booming as shoppers search for bargains. from BBC News - Business https://ift.tt/iTve6WI

Royal Mail: When are the postal strikes and Christmas post dates?

About 115,000 postal workers are taking part in the dispute with Royal Mail. from BBC News - Business https://ift.tt/gRNVSCm

UK weather: All flights suspended at Stansted Airport

Heathrow and Gatwick also cancel flights after fog and snow sweeps the country. from BBC News - Business https://ift.tt/Acr4w53

Rail strikes: RMT boss calls for meeting with Sunak

The RMT's general secretary says a meeting between the two was the best hope of making progress. from BBC News - Business https://ift.tt/JUarQEe

Inside Royal Mail's biggest sorting office on strike day

The BBC speaks to a striking worker on the picket line and someone choosing to work on strike day. from BBC News - Business https://ift.tt/AL5NjOp

Cost of Living: How to talk to children about a budget Christmas

Some hints and tips to help you manage your children's Christmas expectations. from BBC News - Business https://ift.tt/HBO4dx9

Santander UK fined £108m over money laundering failings

The bank had "serious and persistent gaps" in anti-money laundering controls, the watchdog finds. from BBC News - Business https://ift.tt/GKI7f59

Fired Twitter cleaning staff 'treated like garbage'

One of them told the BBC a member of Elon Musk's team said their jobs would be replaced by robots. from BBC News - Business https://ift.tt/A5UCxSn

Royal Mail workers begin wave of festive strikes

Millions of pieces of mail have been piling up ahead of the action, the CWU union says. from BBC News - Business https://ift.tt/mZ4j1hX

Airlines plan to operate all flights despite strikes

Around 1,000 UK airport border staff will strike over the Christmas period. from BBC News - Business https://ift.tt/vz7K9oA

Ministers consider tougher curbs on strike action

The government is exploring the idea of stopping some emergency service workers from walking out. from BBC News - Business https://ift.tt/XSUqCZf

UK weather: Freezing conditions trigger cold weather payments

Temperatures across the UK plummet overnight, dipping as low as -9.1C in the Scottish Highlands. from BBC News - Business https://ift.tt/p7cYUtC

New York Times faces first major walkout since 1970s

More than 1,100 union members are planning to participate in the 8 December stoppage. from BBC News - Business https://ift.tt/R6amwc3

Elon Musk turns Twitter into 'hotel' for staff

One photo shows a double room with wardrobe and slippers, as Elon Musk seeks to instil a "hardcore" work culture. from BBC News - Business https://ift.tt/2ZxFcn8

'We haven't had a single penny from the Post Office'

Three years after winning in the High Court, hundreds of sub-postmasters are still waiting for compensation. from BBC News - Business https://ift.tt/ZVBxMWs

BrewDog fruity beer ad banned over five-a-day claim

The controversial brewer is told an advert for its fruit beers could mislead consumers. from BBC News - Business https://ift.tt/eYwUPdR

The airline policy that cost pregnant flight crew their jobs

Singapore Airlines recently dropped its five-decade-old policy, after demands from human rights groups. from BBC News - Business https://ift.tt/eR4NJFp

Trump Organization found guilty of tax crimes after New York trial

The business is synonymous with the former president, but neither he or his family were on trial. from BBC News - Business https://ift.tt/PwHkLAN

Bank Morgan Stanley to cut 1,600 jobs

The investment bank is axing about 2% of its global workforce, affecting around 1,600 roles. from BBC News - Business https://ift.tt/aGtgmKw

Fenwick to shut 130-year-old New Bond Street department store

Chairman Simon Claver says the sale has "been a difficult decision for the Fenwick family". from BBC News - Business https://ift.tt/6oYSD0n

Rural fuel more expensive, says watchdog

Differences in price between urban and rural areas need further investigation, says CMA. from BBC News - Business https://ift.tt/mlrYQdN

Cost of living: 'I couldn't tell the real bills from scams'

People falling behind on bills are being bombarded with letters, calls and texts, a charity says. from BBC News - Business https://ift.tt/ybqLdv8

Apple self-repair service comes to UK

The tech giant warned that if a repair goes wrong, the device's warranty will no longer be valid. from BBC News - Business https://ift.tt/4iEjnbA

Meta threatens to remove US news content if new law passes

Facebook's parent company says it will pull news from the platform in the US if a new media law passes. from BBC News - Business https://ift.tt/wlbVrZT

How our High Streets changed over the Covid lockdowns

Fewer banks and shops, but beauty parlours prosper - BBC analysis of Ordnance Survey data has found. from BBC News - Business https://ift.tt/jcUFsRp

Extra train strikes planned over Christmas

Strike action is set to begin next week, while dates in December and January will go ahead as planned. from BBC News - Business https://ift.tt/abuKgfl

Employees can ask for flexible working from day one

New laws proposed by the government mean workers will no longer have to wait for 26 weeks. from BBC News - Business https://ift.tt/aKUhYdr

Ukraine war: Oil prices rise as cap on Russian crude looms

The G7 and its allies have agreed to limit the price of Russian oil to $60 a barrel. from BBC News - Business https://ift.tt/qEIknPA

Taiwan's front-line battle against mobile phone fraud

How Taiwanese phone fraud fighters are able to warn the world about the latest scams. from BBC News - Business https://ift.tt/HCG7mev

India seizes opportunities in African healthcare

The rapid expansion of Indian healthcare firms in Africa has not been without problems. from BBC News - Business https://ift.tt/PZvUMnb

EU must act over distortions from US climate plan - von der Leyen

Ursula von der Leyen says the EU must act amid concerns within the bloc over US climate legislation. from BBC News - Business https://ift.tt/bhvraW9

Train strikes: Firms make first offer in bid to stop Christmas strikes

The Rail Delivery Group makes an offer to the RMT union in the ongoing dispute over pay and conditions. from BBC News - Business https://ift.tt/K2A3Mbt

Strikes unfair at Christmas, Tory chairman Nadhim Zahawi says

Nadhim Zahawi says President Putin "wants to see" strikes, as he outlines plans to avoid disruption. from BBC News - Business https://ift.tt/Qv97oiP

Google opens its first UK centre making tech for disabled people

The research and development centre in London is the company's first of its kind outside the US. from BBC News - Business https://ift.tt/F31uBZX

Rail strike is cancelled - at the cost of paid sick leave

The pandemic and a vicious flu season has re-energised the fight for paid sick leave. from BBC News - Business https://ift.tt/RnFp0Td

Big Zuu: Cooking on a budget secrets

The TV chef and rapper shares his big three tips for making the most of your weekly food shop. from BBC News - Business https://ift.tt/nGO3osD

'5G makes my phone pretty worthless'

Some users are finding the next generation of mobile internet slow and patchy, three years after it launched. from BBC News - Business https://ift.tt/dbMYSor

North Korea hit with sanctions after ballistic missile tests

The US Treasury freezes the assets of three North Korean officials following last month's missile tests. from BBC News - Business https://ift.tt/cfGV0Ns

Kanye West no longer to buy Parler social media platform

The rapper has repeatedly made anti-Semitic remarks, alienating business partners and fans. from BBC News - Business https://ift.tt/ERTfdeF

India remittances set to hit record $100 billion in 2022

Remittances sent to low and middle-income countries have grown by 5% this year, says the World Bank. from BBC News - Business https://ift.tt/X5uIatM

Brexit: Progress on trade deals slower than promised

The UK government is on course to miss its target for signing deals, as exporter numbers fall. from BBC News - Business https://ift.tt/PUeXrGu