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Showing posts from January, 2023

House prices fall for fifth month in a row

The price of the average property in January was £258,297, a decline of 0.6% on December. from BBC News - Business https://ift.tt/G7WynAi

Tech layoffs: PayPal cuts 2,000 jobs as global economy weakens

The online payments platform is the latest technology firm to cut costs as the global economy weakens. from BBC News - Business https://ift.tt/OGgRKMt

More than 2,000 roles at risk at Tesco

The roles are at risk at Tesco as it announces more changes to the way it runs its supermarkets. from BBC News - Business https://ift.tt/0VpYZRJ

Shoppers turn to own-label lines to save money

Sales of value lines have grown 47% in the last year as food prices soar, research suggests. from BBC News - Business https://ift.tt/JjwnAGy

Tech War: Biden moves to halt US exports to Huawei, reports say

Washington has been tightening its rules on exports of US technology to China for several years. from BBC News - Business https://ift.tt/6lXh7Oy

UK economy only G7 nation to shrink in 2023 - IMF

The IMF says the UK economy is forecast to shrink by 0.6% this year. from BBC News - Business https://ift.tt/kUn9BNa

Green projects are boosting UK growth - CBI report

Projects aimed at lowering carbon emissions are boosting growth in poorer parts of the country. from BBC News - Business https://ift.tt/FH62brv

The new tech offering relief from the misery of period pain

Two start-up firms are making wearable technology that targets menstrual discomfort. from BBC News - Business https://ift.tt/qJ8hCYd

Flybe collapse: Shock for staff after new lease of life, says Robinson

Flybe's collapse has caused concern for workers, but offers from other airlines bring hope, says Gavin Robinson. from BBC News - Business https://ift.tt/VpRW2xM

Video streaming subscriptions fall by two million in 2022

Households cut back on streaming services in their droves as the cost of living rose sharply. from BBC News - Business https://ift.tt/aySGi04

Man takes parcel to US to beat Royal Mail ban

Businesses express frustration at Royal Mail's ban on sending parcels abroad after a cyber-attack. from BBC News - Business https://ift.tt/9PJhUqY

Mining giant 'sorry' over lost radioactive capsule in Australia

Rio Tinto says the object went missing while it was being transported 1,400km in Western Australia. from BBC News - Business https://ift.tt/DqdQ7bo

Adani Group says Hindenburg fraud claim 'calculated attack on India'

Last week the Indian firm owned by Asia's richest man had more than $50bn wiped off its market value. from BBC News - Business https://ift.tt/iCh1Wdt

Over-50s at work: 'You feel your usefulness has passed'

New research suggests applicants are right when they say employers are less open to hiring older workers. from BBC News - Business https://ift.tt/8yZvj1N

Ryanair and EasyJet ready to snap up Flybe staff

Airlines are inviting employees of the collapsed airline to fill vacancies for cabin crew and other roles. from BBC News - Business https://ift.tt/1m5ucZ0

'Elon Musk has made me embarrassed to drive my Tesla now'

Elon Musk was once hailed as the secret to Tesla's success. Now he's one of its problems. from BBC News - Business https://ift.tt/R478jOC

Flybe administration: Scramble to change plans after airline ceases trading

The airline said it was ceasing trading and cancelling all flights, which affects 75,000 passengers. from BBC News - Business https://ift.tt/zysMLgW

Flybe: Regional carrier ceases trading and cancels all flights

The airline said it had gone into administration and cancelled all flights to and from the UK. from BBC News - Business https://ift.tt/K86czeO

Plans for more banking hubs as branches close

In total, 38 of these shared branches have been announced so far, but only four have opened. from BBC News - Business https://ift.tt/wO3RK5x

Warning to 100 funeral directors over price lists

Businesses could be named and shamed for flouting rules but critics say the those rules need strengthening. from BBC News - Business https://ift.tt/9CtKbTo

Job risk as Shell considers quitting energy market

The Coventry-based firm said tough market conditions had forced a review of the business. from BBC News - Business https://ift.tt/9xrX3HF

LVMH: Luxury giant's sales soar despite China losses

LVMH - owner of brands including Moët and Louis Vuitton - saw strong sales despite losses in China. from BBC News - Business https://ift.tt/VfamyA8

HS2 may not run through to central London - report

The government says it is committed to delivering the rail line to Manchester amid rising costs. from BBC News - Business https://ift.tt/ckXbYIa

Warning over risky electric blankets sold online

The consumer rights group Which? found products being sold online that could cause electric shocks. from BBC News - Business https://ift.tt/8yuT0xz

Hunt to set out plan for growth as criticism mounts

It will be scrutinised by businesses who claim the government has no long-term plan for the economy. from BBC News - Business https://ift.tt/g4Pyd9Z

Royal Mail overseas parcels ban 'costing me hundreds of pounds'

Small businesses are still unable to send new parcels overseas two weeks after the Royal Mail cyber-attack. from BBC News - Business https://ift.tt/GAsjigH

Amazon union fight continues despite workers' win

Amazon Labor Union leader Chris Smalls says it's time for the firm "to come to the table and negotiate". from BBC News - Business https://ift.tt/irQd6Jo

Turning problem sea algae into a replacement for plastic

Seaweed and microalgae is increasingly being turned into useful products. from BBC News - Business https://ift.tt/m0VuL4i

Probe launched into how 'green' household goods are

The competition watchdog is concerned shoppers are being misled and paying a "premium". from BBC News - Business https://ift.tt/6ZXnHJ1

Royal Mail says strikes have cost it £200m

The owner of the mail delivery service reveals the cost of the ongoing dispute over pay and conditions. from BBC News - Business https://ift.tt/eMRk3b1

Cost of living: Cash bonuses behind record number of bank switches

Up to £200 was offered by some banks to switching customers - prompting the most moves since 2013. from BBC News - Business https://ift.tt/bSurtJ9

Tesla posts record profit despite price cuts

Elon Musk's electric car company is facing questions as the economy weakens and borrowing costs rise. from BBC News - Business https://ift.tt/3BzmfUn

Premium Bond prize rate set to hit highest for 14 years

The boost from next month comes as analysts warn the peak in savings rates may be approaching. from BBC News - Business https://ift.tt/9lnzdjL

Celebrities call on UK banks to stop financing fossil fuels

Stephen Fry and Emma Thompson back campaign to stop banks financing new oil, gas and coal projects. from BBC News - Business https://ift.tt/cadKWmM

Microsoft Outlook and Teams down for thousands around world

Data from outage tracking website Downdetector showed more than 5,000 reports in the UK alone. from BBC News - Business https://ift.tt/lDRtpUT

Microsoft sees slowest sales growth in six years

The update follows the firm's move to eliminate about 10,000 jobs. from BBC News - Business https://ift.tt/trTpsj6

US accuses Google of 'driving out' ad rivals

A federal lawsuit alleges the tech giant's anti-competitive actions mean more websites need paywalls. from BBC News - Business https://ift.tt/xcgCRrd

Online car retailer Cazoo consults with staff over site closures

Hundreds of jobs are at risk at online car retailer Cazoo, including 300 in Lincolnshire. from BBC News - Business https://ift.tt/87flVOz

West Coast Main Line: Avanti ordered to release tickets earlier

Avanti West Coast is warned "formal measures" will follow unless it releases train tickets earlier. from BBC News - Business https://ift.tt/GWlRmpd

Ticketmaster blames cyber attack for disrupting Taylor Swift tour sale

The company says it faced an "unprecedented" software attack when the star's Eras tour went on sale. from BBC News - Business https://ift.tt/gKAlNEt

Primark among Christmas retail winners as it reports bumper sales

The fashion chain sold more items and for higher prices despite cost-of-living pressures. from BBC News - Business https://ift.tt/OPwJYam

Twitter sued by Crown Estate over alleged unpaid rent at UK HQ

The alleged rent arrears relate to office space at Twitter's UK headquarters in central London. from BBC News - Business https://ift.tt/lOApYgU

M&Ms replacing spokescandies with comedian Maya Rudolph

The company said it has put a 'pause' on the mascots after a rebrand "broke the internet". from BBC News - Business https://ift.tt/jGuKpL1

Payments for using less electricity to be repeated on Tuesday

Discounts for households who cut peak-time use will be offered again on Tuesday. from BBC News - Business https://ift.tt/ahO1Cib

Spotify cuts jobs in latest tech-sector cull

The music-streaming company says it is shedding 6% of its workforce. from BBC News - Business https://ift.tt/d9YWlQy

Food suppliers hit back at Tesco chair in price hike row

Industry body the Food & Drink Federation says supermarkets are already "very tough" on suppliers. from BBC News - Business https://ift.tt/NQtLayj

Fullers pub chain blames rail strikes for losing millions

The pubs and hotels operator says industrial action has wiped £4m off its full-year sales. from BBC News - Business https://ift.tt/ZNvp7qR

Energy firms face investigation over prepayment meters by regulator

The regulator says it is concerned about the growth in households being switched to prepayment meters. from BBC News - Business https://ift.tt/GyaCHVu

Government to offer £600m for green steel switch

The UK's two biggest steelmakers are expected to get support to move away from old-fashioned coal. from BBC News - Business https://ift.tt/gLG85Tb

Technology can help the NHS, says AstraZeneca boss

AstraZeneca's Leif Johansson says AI and screening could prevent costly treatment in hospitals. from BBC News - Business https://ift.tt/zT5djpg

National Grid puts coal plants on standby to supply electricity

National Grid ESO orders coal-fire units to begin warming up as the UK's cold snap continues. from BBC News - Business https://ift.tt/HOzneWU

Strikes Update: How Monday 23 January’s walkouts will affect you

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

Energy Price Cap: Labour calls for three month extension

Extending the £2,500 energy price cap until July can be funded by a tougher windfall tax, Labour says. from BBC News - Business https://ift.tt/am6bMCR

Firms may be hiking prices beyond inflation - Tesco boss

Food suppliers may be using inflation as excuse to raise prices further than necessary, John Allan says. from BBC News - Business https://ift.tt/Bz1bJRo

Crackdown on energy firms over rise in prepayment meters

Many customers have been left without heat and light when not able to afford topping up their prepayment meters. from BBC News - Business https://ift.tt/1djUpJ5

UK steel industry a whisker away from collapse - Unite

Unite has written a letter to the Business Secretary Grant Shapps seeking more government support. from BBC News - Business https://ift.tt/knG4BYK

Unemployment: Who are the millions of Britons not working?

The unemployment rate is close to its lowest point since the 1970s, but millions aren't working. from BBC News - Business https://ift.tt/5C7bnBI

Theranos founder Elizabeth Holmes attempted to flee US, prosecutors claim

According to a new court filing, the 38-year-old bought a one-way ticket to Mexico last January. from BBC News - Business https://ift.tt/oZCcyf6

Elite chefs say kitchen work 'like going to war' - study finds

Michelin star chefs routinely face mental and physical abuse at work, a new study suggests. from BBC News - Business https://ift.tt/1yZ9PTB

Retail sales fall in December as shoppers cut back

Sales dropped by 1% with a sharp fall seen at non-food stores during the festive season. from BBC News - Business https://ift.tt/cvBwTd8

Ireland leader Leo Varadkar has 'regrets' over NI protocol

The Taoiseach says the post-Brexit measure was imposed on unionists and nationalists without their consent. from BBC News - Business https://ift.tt/6TZ7avY

Cost of living: Japan inflation jumps to new 41-year high

The country's central bank is under pressure to increase interest rates to help curb rising prices. from BBC News - Business https://ift.tt/NDI4Ydq

FAA outage: US airline regulators blame contractor for travel chaos

The US airline regulator says a contractor is responsible for delaying and cancelling thousands of flights. from BBC News - Business https://ift.tt/xVAMOG3

Energy bills rise for 2.5 million homes on Economy 7

Customers on Economy 7 tariffs see bills rise 7.6% despite the government fixing prices until April. from BBC News - Business https://ift.tt/Ibn1O7k

Bailey: Inflation 'likely to fall rapidly' this year

Bank of England governor says UK may have "turned the corner" on price rises, but recession remains likely. from BBC News - Business https://ift.tt/2r6eItL

New FTX boss John Ray could bring back bankrupt crypto firm

John Ray said he may restart the platform to try to recover "value" for customers who lost money. from BBC News - Business https://ift.tt/Fm2LHTq

CEO Secrets: Boxing boss reveals his punishing routine

Ben Amanna, founder and CEO of Boxraw, which sells kit and clothing for boxing, shares his business advice. from BBC News - Business https://ift.tt/AU94rq3

Oil and gas firm Harbour Energy blames job cuts on windfall tax

Harbour Energy is eyeing a reduction of its UK workforce, most of which is based in Aberdeen. from BBC News - Business https://ift.tt/VzrKcfA

What happens if the US hits the debt ceiling?

The US is again poised to run up against its borrowing limit, amid political tensions in Congress. from BBC News - Business https://ift.tt/MlnSvRI

Bitzlato crypto founder charged with $700m financial crimes

Bitzlato co-founder Anatoly Legkodymov is accused of helping to process $700m in illicit funds. from BBC News - Business https://ift.tt/p0jc73X

Can I get a Cold Weather Payment and how much are they?

Cold Weather Payments are available to some when there is a run of sub-zero temperatures. from BBC News - Business https://ift.tt/24WLqvm

UK inflation dips but remains close to 40-year high

The rate of price rises slowed to 10.5% in December, according to official figures. from BBC News - Business https://ift.tt/sIVj8nl

China: Fans rejoice as Marvel films return after apparent ban

After a long hiatus, two Marvel movies will screen in Chinese theatres in February. from BBC News - Business https://ift.tt/3FSaisp

Netflix offers pay of up to $385,000 for flight attendant

The firm says the role on its private jets requires "discretion and outstanding customer service skills". from BBC News - Business https://ift.tt/wB2RsxC

FTX: Collapsed crypto exchange says $415m was hacked

Last week the company told a bankruptcy judge in Delaware that it had recovered over $5bn in assets. from BBC News - Business https://ift.tt/AUG502m

UN workers' rights agency denies backing UK anti-strike laws

The US labour secretary also opposes the UK government's plans for “minimum service agreements”. from BBC News - Business https://ift.tt/pg5vH43

Ocado says shoppers buying fewer items as costs rise

The online grocery delivery service says shoppers are buying less as the cost of living soars. from BBC News - Business https://ift.tt/B1g8iew

Britishvolt expected to fall into administration

Sources have told the BBC to expect a notice to be filed in insolvency courts this morning. from BBC News - Business https://ift.tt/xEnNHR3

Pay rises at fastest pace for over 20 years, but below inflation

Wages rose at their fastest growth since 2001 excluding the pandemic, but still lag behind rising prices. from BBC News - Business https://ift.tt/bFJvrMq

Covid: China 2022 economic growth hit by coronavirus restrictions

The world's second largest economy abruptly lifted its tough coronavirus restrictions in December. from BBC News - Business https://ift.tt/ZiU9ct8

Cost of living: Experts share five tips for asking for a pay rise

Recruiters, a manager and a workplace psychologist give their advice on how to negotiate for more money. from BBC News - Business https://ift.tt/g4W9xEU

Putin is weaponising food, says boss of fertiliser giant Yara

The boss of Yara says Russia's invasion of Ukraine has driven up the price of fertilisers and food. from BBC News - Business https://ift.tt/71mXaBY

Bank of England governor warns of Truss hangover effect

The UK still needs to rebuild its economic reputation around the world, says Andrew Bailey. from BBC News - Business https://ift.tt/vQmDTJ9

Twitter: Five ways Elon Musk has changed the platform for users

Twitter users say the social network has "a different vibe" since the billionaire took charge. from BBC News - Business https://ift.tt/i8rUAS0

M&S to create 3,400 jobs as it opens new stores

The retailer says it will open 20 stores in the next year, including five in former Debenhams sites. from BBC News - Business https://ift.tt/XYLiq6r

Dr Ranj Singh: Four ways to protect your mental health

The rising cost of living can be stressful but there are steps you can take to help. from BBC News - Business https://ift.tt/o18npcZ

Energy boss warns higher bills are here to stay

Equinor's chief says while prices will not be as volatile, investment in renewables must be paid for. from BBC News - Business https://ift.tt/6n7mcLG

Winklevoss firm charged in US over crypto sales

Its partner company is also accused of illegal sales to hundreds of thousands of investors. from BBC News - Business https://ift.tt/m5pS4sc

India targets China's dominance in mobile phones

There's some way to go, but India hopes to build its own world-class mobile phone industry. from BBC News - Business https://ift.tt/QZrVXnG

Tesla cuts prices by up to a fifth to boost demand

The electric car maker is reducing prices by thousands of pounds as global downturn threatens sales. from BBC News - Business https://ift.tt/0DzZEym

Byron Burger chain owner shuts sites and axes jobs

The company will close nearly half of its restaurants and cut 218 staff in a further restructure. from BBC News - Business https://ift.tt/VqJkv2X

Adidas loses stripes row trademark battle with luxury designer Thom Browne

The sportswear giant argued the use of four parallel stripes was too similar to its logo. from BBC News - Business https://ift.tt/EKkHD4c

Cost of living: Argentina sees prices almost doubling last year

The South American country's inflation rate hit 95% as it faces an ongoing economic crisis. from BBC News - Business https://ift.tt/ExSkXaK

Decision looms on future of Britishvolt gigafactory

The site, intended to produce electric car batteries, has had a troubled start up so far. from BBC News - Business https://ift.tt/P9FRD1O

Does easing US inflation point the way for the world?

It may be good news for the rest of the world if price increases in the US continue to slow. from BBC News - Business https://ift.tt/aB2EtJp

Royal Mail hit by Russia-linked ransomware attack

The group is working "around the clock" to resolve severe disruption to overseas deliveries. from BBC News - Business https://ift.tt/TFBswAO

Liberty Steel restructuring puts 440 jobs at risk

Union leaders say plans to mothball factories and cut production is a 'body blow' to workers. from BBC News - Business https://ift.tt/dgGiMK1

US inflation eases as energy prices drop

Prices in the US rose 6.5% over the 12 months to the end of December, the US Labor Department says. from BBC News - Business https://ift.tt/9hleZnj

Royal Mail: Overseas post still disrupted after 'cyber incident'

The group said its team was working "around the clock" to resolve disruption caused by a "cyber incident". from BBC News - Business https://ift.tt/csnWDow

Workers may be able to still claim sickness benefits

Under the proposals, some claimants would be allowed to keep receiving payments even if they find work. from BBC News - Business https://ift.tt/iWV69ox

FTX: Collapsed crypto giant recovers $5bn of assets

The firm's former chief executive Sam Bankman-Fried is accused of orchestrating an "epic" fraud. from BBC News - Business https://ift.tt/gz0LmxA

Sri Lanka's central bank urges China and India to reduce its debts

The crisis-hit Indian Ocean state cannot access a $2.9bn bailout until its debts to China and India are resolved. from BBC News - Business https://ift.tt/qApoiVX

World's richest man promotes daughter to head Dior

Bernard Arnault made his fortunes as chief executive of French fashion giant, LVMH. from BBC News - Business https://ift.tt/b6YMuh4

Elon Musk's drop in fortunes could break record

The Tesla and Twitter boss has seen his fortune fall by $165bn (£135bn) since November 2021. from BBC News - Business https://ift.tt/hY4I63C

Rail strikes: Unions say solution is 'further away' than ever

The head of train drivers' union Aslef says a solution is "further away" than ever, despite talks. from BBC News - Business https://ift.tt/Azd3P04

Cost of living: Uniqlo to raise pay in Japan by up to 40%

The move comes after the country's prime minister called on firms to increase wages as prices rise. from BBC News - Business https://ift.tt/k5fnjdJ

Cryptocurrency: UK Treasury considers plan for digital pound

The economic secretary to the Treasury says the UK is committed to becoming a world crypto hub. from BBC News - Business https://ift.tt/Yf9qv1u

Grant Shapps unveils new powers in strike laws

Unions say the plans for minimum service levels are "undemocratic and unworkable". from BBC News - Business https://ift.tt/OSkPIbl

Strikes Update: How Wednesday 11 January’s walkouts will affect you

What you need to know about the ambulance workers' strike and other industrial action, by the BBC's Zoe Conway. from BBC News - Business https://ift.tt/xV9GnTo

Wilko customer service staff at risk of redundancy

The 95 staff members at its contact centre are in a consultation process, the company says. from BBC News - Business https://ift.tt/xloE50v

Amazon warehouse closures put 1,200 jobs at risk

The online giant is to shut three warehouses, but also plans to open two new ones creating 2,500 roles. from BBC News - Business https://ift.tt/weEU1Hx

Disney boss calls for workers to return to office four days a week

From the start of March employees will be asked to be in the office from Monday to Thursday. from BBC News - Business https://ift.tt/obpxKim

Will the metaverse be your new workplace?

Some predict that in the future we'll work in virtual worlds, but others are not convinced. from BBC News - Business https://ift.tt/kgxZRTa

McDonald's: Former boss Easterbrook fined after staff relationship

Stephen Easterbrook was fired in 2019 after the firm found he had had a consensual relationship with an employee. from BBC News - Business https://ift.tt/bxPCTZn

Britishvolt in talks to secure Northumberland gigafactory

It is hoped at least 3,000 jobs will be created at the factory to produce electric vehicle batteries. from BBC News - Business https://ift.tt/tsbnXNM

UK space launch: Historic Cornwall rocket mission set to blast off

A modified jumbo jet will fly out of Cornwall on a mission to send nine satellites to orbit. from BBC News - Business https://ift.tt/PhC2x4p

Brewdog boss pays out £500,000 in gold can row

James Watt says he made some "costly mistakes" in ads offering people a chance to win gold cans. from BBC News - Business https://ift.tt/ksJPMho

Union talks aimed at ending strike action

Officials are expected to hold separate talks on Monday with health, teaching and rail unions. from BBC News - Business https://ift.tt/IO9pGJ2

US Farmers win right to repair John Deere equipment

The grassroots movement has grown among consumers around the world as repair costs soar. from BBC News - Business https://ift.tt/L9gfk8d

Fashion brands paid Bangladesh factories less than cost - report

High street retailers paid suppliers in Bangladesh less than production costs, researchers claim. from BBC News - Business https://ift.tt/3nZLFip

Strike daily: How Monday 9 January strikes will affect you

What you need to know about industrial action taking place on Monday. from BBC News - Business https://ift.tt/spLFhD4

Jack Ma to give up control of fintech giant Ant Group

The billionaire has seldom been seen in public since criticising China's financial sector in 2020. from BBC News - Business https://ift.tt/YfbABK9

The pandemic entrepreneurs moving into the High Street

Entrepreneurs who started internet firms in lockdown are making the transition to bricks and mortar. from BBC News - Business https://ift.tt/FDsWKIh

McDonald's plans corporate job cuts and restructuring

The global burger chain did not confirm details about the scope of the cuts it is planning. from BBC News - Business https://ift.tt/xmyF6kI

Flying boats and other tech for cleaner shipping

The shipping industry is experimenting with foils, sails and fuel to make itself less carbon intensive. from BBC News - Business https://ift.tt/bACufXZ

BA unveils jumpsuits in first uniform revamp for 20 years

The airline has updated its workwear for the first time in 20 years with designs by Ozwald Boateng. from BBC News - Business https://ift.tt/JaLo5Xp

Wind generated a record amount of electricity in 2022

More electricity in Great Britain last year came from renewable sources than from fossil fuels. from BBC News - Business https://ift.tt/pgT4U9P

Taliban and China firm agree Afghanistan oil extraction deal

It is the first major energy extraction agreement with a foreign firm since the Taliban took power. from BBC News - Business https://ift.tt/TctOuLI

Samsung sees profits plunge by 69% as chip prices slump

The slump comes as the global economic slowdown hits memory chip prices and demand for devices. from BBC News - Business https://ift.tt/3OePXlj

Many Android phones to get satellite connectivity

When there is no mobile coverage, phones will be able to send and receive emergency texts via satellite. from BBC News - Business https://ift.tt/pw1hoYF

Staff must be free to work for employer's rivals - US regulator

Officials say non-compete clauses unfairly limit pay and opportunities for some 30 million Americans. from BBC News - Business https://ift.tt/ikrLeUp

Covid: Hong Kong to lift year-long ban on hamster imports

Officials in the city previously ordered a culling of the pets to stop the spread of Covid-19. from BBC News - Business https://ift.tt/MX4hOFK

Next warns of 8% price rise for spring and summer

The High Street retailer expects price increases to continue into the second half of 2023. from BBC News - Business https://ift.tt/Ryb8cd5

Amazon to shed over 18,000 jobs as it cuts costs, CEO says

The announcement comes after the technology giant said last year that it would reduce its headcount. from BBC News - Business https://ift.tt/EYIT79s

Strikes may be stepped up, train drivers' union warns

Train drivers union Aslef’s leader says action may escalate, and members are in it for the long haul. from BBC News - Business https://ift.tt/lgChKx4

UK new car sales hit 30 year low but electric vehicle demand soars

A chip shortage contributed to the drop in car registrations in 2022 - but electric cars boost market share. from BBC News - Business https://ift.tt/85f3pTm

Meta fined €390m over use of data for targeted ads

The EU data watchdog says the way Meta obtained permission to process users' data for ads broke data law. from BBC News - Business https://ift.tt/18d3NGs

US regulators warn banks over cryptocurrency risks

The announcement comes just two months after the collapse of FTX sent shockwaves through the industry. from BBC News - Business https://ift.tt/6aYA2W3

Tuesday to Thursday is the new office working week, data suggests

Analysis of mobile phone data finds people are swapping big cities for life by the seaside. from BBC News - Business https://ift.tt/o0dJl9P

Shoppers face higher prices after energy bill help ends

Shops may have no choice but to up prices when energy bills rise in April, the retail industry body says. from BBC News - Business https://ift.tt/QsOm0oI

Microsoft recognises first labour union in US

Quality assurance workers at the video production company ZeniMax studios agreed to form a labour union. from BBC News - Business https://ift.tt/W8vZT6l

Energy bill help for firms expected to be halved

Gas and electricity prices have been fixed for firms until the end of March, but many want the support to continue. from BBC News - Business https://ift.tt/3mqMc0y

Sam Bankman-Fried pleads not guilty to fraud

'King of Crypto' Sam Bankman-Fried could face more than 100 years in prison if convicted. from BBC News - Business https://ift.tt/b49DW2u

Tom Karen: Designer behind 1970s' cult classics dies

Tom Karen helped create some famous children's products from the 1970s as well as the Bond Bug car. from BBC News - Business https://ift.tt/Gq6yIxT

Firms call for clarity over energy bill support

Gyms and hospitality firms say they need to know if they will get help from the government after March. from BBC News - Business https://ift.tt/HR40ik9

Cost-of-living payments: Three instalments totalling £900 confirmed

People receiving benefits and on a low income will receive the money in three instalments. from BBC News - Business https://ift.tt/kzRawu5

Tesla reports record 1.3m deliveries for 2022

However, Elon Musk's electric car maker missed Wall Street forecasts for the last three months of the year. from BBC News - Business https://ift.tt/BjYbGwW

Four-day working week: How we got here - and where next

Working four days a week might seem radical. But it wasn't so long ago that a six-day week was normal. from BBC News - Business https://ift.tt/Ai70O9D

Train strikes: People returning to work face more strikes

Only 20% of services are expected to run this week due to walkouts by RMT and Aslef union members. from BBC News - Business https://ift.tt/vgxJACn

Dubai scraps 30% alcohol tax and licence fee in apparent bid to boost tourism

It will also stop charging for personal alcohol licences - something anyone who intends to drink needs to carry. from BBC News - Business https://ift.tt/huOSPmH

Retail: Last year saw a big jump in the number of shops closing

A total of 17,145 shops shut last year across the UK's High Streets, shopping centres and parades. from BBC News - Business https://ift.tt/Rtk1nKp

Third of world in recession this year, IMF head warns

Kristalina Georgieva said 2023 will be "tougher" than last year as the global economy faces challenges. from BBC News - Business https://ift.tt/0yZdGhR

Shops face challenging year ahead, says industry body

The first half of 2023 will be particularly difficult, the British Retail Consortium predicts. from BBC News - Business https://ift.tt/amrUysz