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Showing posts from February, 2023

Annual house prices fall for first time since pandemic

House prices fell 1.1% in the year to February, the worst performance since the start of the pandemic. from BBC News - Business https://ift.tt/0HaVFW8

Chinese factories boom while Japan's are in reverse

Firms are balancing reopening as Covid restrictions ease against rising costs of energy and higher wages. from BBC News - Business https://ift.tt/jBenQqI

High Street chain closures slow with takeaways thriving

Banks saw the most closures, while takeaways, convenience stores and amusement arcades performed best. from BBC News - Business https://ift.tt/ywgB9Wl

China hits out at US over TikTok ban on federal devices

Beijing accuses Washington of attempting to use state power to suppress foreign companies. from BBC News - Business https://ift.tt/cCIU8Tv

The tiny diamond sphere that could unlock clean power

A diamond sphere made in Germany was key to December's breakthrough fusion experiment in California. from BBC News - Business https://ift.tt/dinfwNK

Food and drink prices rise at record pace of 17.1%

One in four shoppers is struggling, research suggests, as grocery prices continue to climb. from BBC News - Business https://ift.tt/nVwa34D

Amazon UK workers walk out on strike in pay row

Union members at a distribution centre in Coventry take a second day of action in a row over pay. from BBC News - Business https://ift.tt/uIVr9xF

Northern Ireland Brexit deal: At-a-glance

What does the new Windsor Framework agreement between the UK and the EU include? from BBC News - Business https://ift.tt/7qYKQx6

Japan ad giant Dentsu named in Olympics bid-rigging complaint

It comes after months of investigations into alleged corruption in the planning and sponsorship of the event. from BBC News - Business https://ift.tt/EolSpQY

Elon Musk defends racist tirade by Dilbert creator Scott Adams

Twitter's CEO accused US media of racism after multiple newspapers dropped the popular cartoon. from BBC News - Business https://ift.tt/tSOGCpF

Ron DeSantis tightens his control over Walt Disney World

Walt Disney World's self-governing district is now under the control of Florida's governor. from BBC News - Business https://ift.tt/WQqtT6z

Canada bans TikTok on government devices

The federal government says the video app is an "unacceptable" risk to privacy and security. from BBC News - Business https://ift.tt/p4Atz75

Lidl limits sales of tomatoes, cucumbers and peppers

The discount supermarket follows rivals by restricting sales of certain fruit and vegetables. from BBC News - Business https://ift.tt/nUydY0X

Bao Fan: Missing Chinese billionaire assisting authorities, firm says

Bao Fan's disappearance this month renewed concerns of a potential crackdown on finance and tech figures. from BBC News - Business https://ift.tt/TtZYpBk

Job centre staff to get bonuses for getting people work

The government's pilot scheme aims to get more Universal Credit claimants into employment. from BBC News - Business https://ift.tt/9arjYXO

Britishvolt bought by Australian firm Recharge Industries

Recharge Industries will pay £4bn for Britishvolt, the start-up that collapsed in January. from BBC News - Business https://ift.tt/evNwgFB

Labour says UK risks falling behind Poland

Sir Keir Starmer says that without new policies, living standards will fall below those in eastern Europe. from BBC News - Business https://ift.tt/PfVUqOh

Fruit and vegetable shortages 'to last four weeks', says George Eustice

The former environment secretary said supermarkets have to "work to get it right" on supplies. from BBC News - Business https://ift.tt/lExotUA

TSSA rail union accepts pay deal from train companies

The TSSA union says its 3,000 members have accepted an offer including a two-year 9% pay deal. from BBC News - Business https://ift.tt/urRtik9

Two million air fryers recalled in US over burn hazard

Cosori has received reports of air fryers catching fire and causing minor burns and property damage. from BBC News - Business https://ift.tt/2SMLPAz

Signal would 'walk' from UK if Online Safety Bill undermined encryption

Bosses of the messaging app fear the Online Safety Bill could force it to weaken its users' security. from BBC News - Business https://ift.tt/gzuWsrv

UK phone repair apprenticeship needed, says firm

Repair firm says there is no industry standard training for fixing smartphones and other devices. from BBC News - Business https://ift.tt/ACDHwUy

Netflix cuts prices for subscribers in more than 30 countries

The streaming giant has faced increasing competition from rivals including Amazon, HBO and Disney. from BBC News - Business https://ift.tt/B7AfONz

Is it cheaper to study in a coffee shop or at home?

As prices rise, are there cheaper places than home to work or study? from BBC News - Business https://ift.tt/8Wr5vKb

Therese Coffey under fire over work longer hours comment

Therese Coffey is accused of blaming poor people after she suggests those struggling could work more. from BBC News - Business https://ift.tt/ZDsJEQw

US names businessman Ajay Banga to lead World Bank

Raised in India, Ajay Banga led Mastercard for more than a decade. from BBC News - Business https://ift.tt/f14LcHD

Vegetable shortages could last for up to a month

The environment secretary says shortages of some fruit and vegetables could go on for up to four weeks. from BBC News - Business https://ift.tt/0Y3SVHn

Steel industry concerned over speed of energy help

UK Steel says plans for government support is welcome, but fears more job cuts in the industry. from BBC News - Business https://ift.tt/CZN9Hz7

Qantas: Australian airline's profits soar after record Covid losses

The A$1bn profit follows a troubled few years for the airline, full of delays, staff shortages and criticism. from BBC News - Business https://ift.tt/SsG8Y3v

Arsenal Women earn 30% more but still behind men

Accounts show a boost in earnings, but the women's team still earns far less than some male players. from BBC News - Business https://ift.tt/kWfmHdi

British Steel plans to close ovens and cut 260 jobs

The Chinese-owned company says it is proposing cuts at its Scunthorpe site due to economic challenges. from BBC News - Business https://ift.tt/G2cd7Mh

Train information systems working again after outage

National Rail says some systems, including journey planners, have been fixed after an earlier fault. from BBC News - Business https://ift.tt/1wlxM40

Mormon Church fined over claim it hid $32bn of investments

The Church and its investment management company will pay a combined $5m penalty to the US regulator. from BBC News - Business https://ift.tt/xLRmCrD

Starbucks launches olive oil coffee drinks in Italy

The world's biggest coffee chain entered the Italian market in 2018 and has around 20 stores in the country. from BBC News - Business https://ift.tt/u15csgL

My Money: 'I have 25p left in my bank account'

Alannah, a 27-year-old blogger from Scotland, shares her weekly spending diary. from BBC News - Business https://ift.tt/H7GxjPa

Microsoft defends $69bn Activision deal

Opponents, including Sony, challenged the proposal at an EU hearing held behind closed doors. from BBC News - Business https://ift.tt/Vi9y4kC

What is going on with getting a new Brexit deal for Northern Ireland?

There had been talk an announcement could come on Tuesday, say Chris Mason and Jessica Parker from BBC News - Business https://ift.tt/VKIop2B

How ASML became Europe’s most valuable tech firm

ASML machines make computer chips - with technology so advanced the firm is caught in geopolitical rivalry. from BBC News - Business https://ift.tt/2PY0D7R

Councils get more funds for vulnerable households

The Household Support Fund goes to local authorities in England to help those struggling the most. from BBC News - Business https://ift.tt/nf8RiBV

Twitter to charge users for text-message authentication

Elon Musk said Twitter was being "scammed" by phone companies over fake authentication-text costs from BBC News - Business https://ift.tt/GmLwypX

UK supermarkets face tomato shortages

Harvests in Europe and Africa have been disrupted by bad weather, a retail body says. from BBC News - Business https://ift.tt/vs4jnKJ

Russia's economy shrinks by less than expected

Despite widespread sanctions, the country's economy fared better last year than many analysts forecast. from BBC News - Business https://ift.tt/AJiDq5M

Price of a cuppa: Sexual abuse on Kenyan tea farms revealed

Secret filming finds sexual exploitation at Kenyan farms supplying some of the UK's biggest brands. from BBC News - Business https://ift.tt/TYZ7IVc

Afghanistan: Taliban to turn ex-military bases into special economic zones

The first sites will be in Afghanistan's capital, Kabul and the northern province of Balkh. from BBC News - Business https://ift.tt/lERj1J6

Brewdog: UK craft beer giant expands into China

The firm says its Punk IPA and other beers will be brewed in the country by the end of next month. from BBC News - Business https://ift.tt/ckLRDTi

Bus cuts: How a city's bus service was quietly cut in half

Britain's bus network has shrunk by 14%, but some places have been harder hit, BBC analysis finds. from BBC News - Business https://ift.tt/ch1TbIs

The race across Europe to build green steel plants

A project is under way in northern Sweden which will drastically cut CO2 emissions in making steel. from BBC News - Business https://ift.tt/NEKMISD

Brexit: What can we expect from a deal on NI Protocol?

With talk of an agreement as early as next week, what could the UK-EU compromise look like? from BBC News - Business https://ift.tt/O6rJwlM

Co-op cuts best before dates from 150 fruit and veg products

Shoppers will be asked to use their judgement as to whether fruit and veg has gone off. from BBC News - Business https://ift.tt/86aPKrF

Why is the UK economy lagging behind the US, Germany and others?

Projections suggest the UK recovering slower than other countries - and the reasons go beyond Brexit. from BBC News - Business https://ift.tt/pc13bGU

US food sanitation firm fined after children worked nights

More than 100 teenagers, ages 13-17, worked for a sanitation company, the Department of Labor says. from BBC News - Business https://ift.tt/TZeY2S1

UK retail sales rise in January

Sales rose by 0.5% last month following a drop in December, according the Office for National Statistics. from BBC News - Business https://ift.tt/50hjcyV

Oil giant accused of Australia dolphin deaths

A former employee alleges Santos' oil spill led to far greater damage on marine life than reported. from BBC News - Business https://ift.tt/927HKBE

London Fashion Week: Is the cost-of-living crisis fuelling creativity?

As London Fashion Week begins, are more people fixing their old clothes instead of buying new ones? from BBC News - Business https://ift.tt/FxTZN36

What's the cheapest way to stay warm in bed?

How could you keep warm at night for the lowest cost? from BBC News - Business https://ift.tt/wb9YriZ

Man Utd sale: Qatari bid for Old Trafford club expected as deadline approaches

As Friday's deadline approaches, who will join Sir Jim Ratcliffe in submitting a bid to buy Manchester United? from BBC News - Business https://ift.tt/ky9hR7A

Selling online helps people keep up with rising prices

Thousands of people are earning extra money selling items online to combat the rising cost of living. from BBC News - Business https://ift.tt/4INBH3F

Aldi to recruit 6,000 new staff across the UK

The discount retailer is continuing its expansion plans after a strong Christmas sales period. from BBC News - Business https://ift.tt/ckowJYi

British Gas owner Centrica sees profits soar as energy bills rise

Profits for the energy firm more than tripled after energy prices surged due to the war in Ukraine. from BBC News - Business https://ift.tt/YSVK0mH

Australia: Vegan milk recalled in New South Wales over botulism case

Regulators have recalled the Inside Out Unsweetened Almond Milk in New South Wales. from BBC News - Business https://ift.tt/iGPNotz

US-China chip war: ASML says China employee stole data

Leading chip equipment maker ASML says it reported the breach to Netherlands and US authorities. from BBC News - Business https://ift.tt/hgv2xu8

Flybe: Administrators unable to find buyer after collapse

Administrators confirm that rescue talks have ended without a deal for the troubled airline. from BBC News - Business https://ift.tt/clHtDvm

Forced meter installations suspended for six weeks

The energy watchdog has told suppliers to suspend forced prepayment meter installations for the next six weeks. from BBC News - Business https://ift.tt/PxI34zA

Elon Musk donates almost $2bn of Tesla shares to charity

Also on Wednesday, Mr Musk hinted he plans to find his successor to lead Twitter by the end of 2023. from BBC News - Business https://ift.tt/b4Pr5k2

Sandwich chain Subway explores sale of business

The company is facing rising costs and increasing competition from rival fast food companies. from BBC News - Business https://ift.tt/34lDTKJ

Louis Vuitton picks Pharrell Williams to lead men's designs

The role was previously held by high-profile designer Virgil Abloh, who died in 2021. from BBC News - Business https://ift.tt/Cvsy6wN

United flight 1722: US to investigate Boeing 777's mysterious nosedive

Passengers reportedly screamed as the flight from Hawaii plunged 1,400ft before the plane recovered. from BBC News - Business https://ift.tt/t3JZhdL

Huel: Shake firm's adverts banned for being misleading

Adverts implied that Huel meal replacement shakes saved people money, watchdog says. from BBC News - Business https://ift.tt/LJ0rvoz

Tesla workers launch union campaign

Tesla boss Elon Musk has opposed unionisation efforts in the past. from BBC News - Business https://ift.tt/uaMlCbA

Buy now pay later firms face clampdown under new rules

Lenders will have to do better affordability checks on borrowers and offer clearer information on loans. from BBC News - Business https://ift.tt/G8hOepI

Adani: India watchdog probing Hindenburg fraud allegations

The conglomerate had more than $100bn wiped off its stock market value after the claims. from BBC News - Business https://ift.tt/gZEO5V2

Can the next Bank of Japan boss fix the country’s economy?

Kazuo Ueda has been nominated to replace Haruhiko Kuroda as the governor of the Bank of Japan. from BBC News - Business https://ift.tt/zqZOwDL

The apps getting your wardrobe back under control

New apps are encouraging users to wear their old clothes more or buy second hand. from BBC News - Business https://ift.tt/5KFNHD1

Brexit hit UK investment by £29bn, says Bank of England policymaker

Jonathan Haskel says leaving the EU has caused a "productivity penalty" of £1,000 per household. from BBC News - Business https://ift.tt/xJit8Nj

London bus strikes: Dispute ends after drivers accept pay increase

Abellio London workers have been holding a series of strikes over recent months. from BBC News - Business https://ift.tt/KEtGqOl

Amazon: Unionised Coventry workers announce strike escalation

Workers at a Coventry distribution centre became the first UK Amazon employees to strike last month. from BBC News - Business https://ift.tt/sGL135Y

Renters leave London at highest rate in decade, research shows

Many people in their mid to late 30s are moving to neighbouring counties and the Midlands. from BBC News - Business https://ift.tt/Iim9pGX

Heathrow records busiest start to year since Covid

The airport says some 5.4 million passengers passed through its terminals in January. from BBC News - Business https://ift.tt/udcqb7G

Net zero targets 'may mean higher taxes'

Economist Lord Stern says public and private investment is needed to reach climate goals by 2050. from BBC News - Business https://ift.tt/l9dRY5b

Mars Wrigley factory fined after two workers fall into chocolate vat

Two workers were rescued when a hole was cut in the bottom of a partly-full Mars Wrigley chocolate tank. from BBC News - Business https://ift.tt/pc0hdoW

Why are BP, Shell, and other oil giants making so much money right now?

Oil and gas producers are making billions while bills soar. Should governments tax them more? from BBC News - Business https://ift.tt/lh4NZrq

Plans to dim City of London's skyscrapers to save energy

The City of London Corporation plans curfew times for new developments to switch off or dim lights. from BBC News - Business https://ift.tt/3vptf2l

Diabolical HMRC service hurts economy - accountants

A leading accountants' group claims that understaffing is causing delays for companies. from BBC News - Business https://ift.tt/5ufV84j

Cost of living: My mortgage deal is ending - what are my options?

Nearly two million households will see their mortgage deal end this year, so what should they think about? from BBC News - Business https://ift.tt/LFI63hQ

Russia to cut oil production over price caps

The Kremlin plans to reduce output in March after fresh sanctions over Ukraine take effect. from BBC News - Business https://ift.tt/P3CwMzY

Tech layoffs: Yahoo to slash 20% of its workforce

Yahoo adds to the growing list of tech companies cutting jobs as consumer and corporate spending shrink. from BBC News - Business https://ift.tt/y3CdUvF

Energy bills extra support ruled out by Chancellor

Jeremy Hunt says the government does not "have the headroom" to give household additional help. from BBC News - Business https://ift.tt/Q8zRmXT

UK economy narrowly avoids recession last year

Official figures show that the economy saw zero growth between October and December. from BBC News - Business https://ift.tt/QnB0JH9

Kanye West: Adidas warns of losses from Yeezy fallout

The sportswear giant cut ties with the rapper and designer, known as Ye, over anti-Semitic comments. from BBC News - Business https://ift.tt/GcZk25j

Lack of used cars drives second-hand sales lower

Last year used car sales fell 9%, as drivers hung onto their vehicles for longer. from BBC News - Business https://ift.tt/rtHgOkd

'Double-deposit' leaving first-time home buyers stuck

First-time buyers in Scotland say the Home Report system is making it harder to get on the property ladder. from BBC News - Business https://ift.tt/vALGRzd

Droughts leave cargo riverboats high and dry

Falling river levels are affecting the use of cargo riverboats around the world. from BBC News - Business https://ift.tt/0so5KZb

'Investing in the artist makes me feel more involved in the song'

Swedish company Corite allow fans to invest in the music of their favourite artists. from BBC News - Business https://ift.tt/4ufH8se

Adani: How the billionaire's empire lost $100bn in days

The business tycoon has seen billions wiped off his wealth after a US investment firm's scathing report. from BBC News - Business https://ift.tt/AXmWp9R

Disney to cut 7,000 jobs in major shake-up of firm

The cuts come as boss Bob Iger presented his set of financial figures since his shock return to the firm. from BBC News - Business https://ift.tt/GprYy4w

Twitter outage sees users told they are over daily tweet limit

Some users reported being notified they were over the tweet-per-day limit, even if they had not posted. from BBC News - Business https://ift.tt/luWL5fB

Biden economic agenda confronts a divided Congress

President Joe Biden may not be out of ideas. But he might be out of time. from BBC News - Business https://ift.tt/QLUZGWa

Netflix limits account sharing in four more countries

New rules are being introduced in Canada, New Zealand, Portugal and Spain, before further roll out. from BBC News - Business https://ift.tt/Awj2fmq

NFT images of furry Birkin bags violated trademark rules

Hermes, which owns the brand, has won a landmark case against an artist who created NFTs of the famous bag. from BBC News - Business https://ift.tt/wN5rHfK

Hundreds face job cuts at Nationwide building society

Nationwide Building Society, which has its headquarters in Swindon, is due to cut 450 staff. from BBC News - Business https://ift.tt/wxDbFHo

US-China trade hits record high despite rising tensions

Imports and exports between the world's two biggest economies totalled more than $690bn last year. from BBC News - Business https://ift.tt/2JKYzhC

UK economy likely to avoid recession - think tank

The National Institute of Economic and Social Research predicts the economy to grow marginally in 2023. from BBC News - Business https://ift.tt/WDtfld9

Microsoft unveils new Bing with ChatGPT powers

Bing will now have "answer" and "chat" options in search using the latest in artificial intelligence. from BBC News - Business https://ift.tt/8rVe2oT

Warning hundreds of England bus services face cuts

Up to 15% of services could be scrapped in the coming weeks if government funding is not renewed, an industry body says from BBC News - Business https://ift.tt/Gb2qpME

Energy giant BP sees record profits of $28bn

The firm's profits more than double after energy prices surged last year following the invasion of Ukraine. from BBC News - Business https://ift.tt/V8QgwuM

Adani Group: Can embattled India tycoon recover from $100bn loss?

The group's valuation has plunged after a short-seller raised fraud allegations. What's the way out? from BBC News - Business https://ift.tt/l5RZ6IP

Trial of scrapping train return tickets extended

The transport secretary will explain how tickets can be simpler for passengers in a speech on Tuesday. from BBC News - Business https://ift.tt/Em8w5yp

South Africa's power cuts hit vineyards: No power, no pinot

The country's worst-ever energy crisis lead to fears for South Africa's wine industry. from BBC News - Business https://ift.tt/vMR2Vda

How the nurses' strike on Tuesday 7 February will affect you

What you need to know about strikes by nurses by the BBC's Zoe Conway. from BBC News - Business https://ift.tt/QUopVdF

Prepayment meters: Magistrates told to stop allowing forced installations

Magistrates have been told to stop authorising warrants for energy firms to forcibly install prepayment meters. from BBC News - Business https://ift.tt/zwRPViQ

M&Co: Renfrewshire clothing chain to close all 170 stores

The Scottish company, which used to be known as Mackays, employs almost 2,000 people across the UK. from BBC News - Business https://ift.tt/OdEhApt

Renault and Nissan shake up 24-year-old alliance

In a joint statement the motor industry giants said they had "rebalanced" their relationship. from BBC News - Business https://ift.tt/KUnN8p4

Tech lay-offs: Dell to cut workforce

Dell adds to the growing list of technology companies cutting jobs as consumer and corporate spending shrinks. from BBC News - Business https://ift.tt/PCYh4p3

Britishvolt set to be bought by Australian firm

Recharge Industries has been named as the preferred bidder for the collapsed UK battery start-up. from BBC News - Business https://ift.tt/3bDL6RM

Has the Brexit fishing promise come true?

Boris Johnson said his Brexit deal would mean lots of extra fish caught in the UK - has this happened? from BBC News - Business https://ift.tt/bLdxsHe

Cost of living: Call for better pension saving deal for young and low-paid

Current rules disproportionately affect young and ethnic minority workers, a think tank says. from BBC News - Business https://ift.tt/Ow8g7xH

How NHS strikes on Monday 6 February will affect you

What you need to know about strikes by nurses and ambulance workers by the BBC's Zoe Conway. from BBC News - Business https://ift.tt/oIhLQ1b

Farewell radiators? Testing out electric infrared wallpaper

Pilots are being run around the UK to see if electric wallpaper could be an efficient way to heat homes. from BBC News - Business https://ift.tt/84RwkJs

Energy firms given Tuesday deadline for prepayment meter action

Business Secretary Grant Shapps said energy firms need to refocus their efforts on customers who had prepayment meters forcibly installed from BBC News - Business https://ift.tt/KPMs2l3

Courts waved through warrants for prepayment meter fitting

Magistrates told it is "irrational" not to grant applications by energy suppliers, leaked document shows. from BBC News - Business https://ift.tt/5uSWhyT

Energy Ombudsman complaints at a record high

The most common complaints include incorrect billing, poor customer service and problems switching suppliers. from BBC News - Business https://ift.tt/MkVUWds

'I'm obsessed with my smart meter'

Smart meter in home displays can be a useful budgeting tool but for some they become a source of stress. from BBC News - Business https://ift.tt/OcNCkxg

Pregnant women to get more protection against being made redundant

New law will aim to cover expectant mothers from the moment they tell their boss they are pregnant. from BBC News - Business https://ift.tt/MazQ3CL

Twitter: Number of staff suing goes up daily - lawyer

One former senior manager tells the BBC the treatment of workers by Elon Musk was "unjustifiable". from BBC News - Business https://ift.tt/3NF0jGK

PG&E to stand trial over deadly California wildfire

Pacific Gas & Electric will face trial for manslaughter over its role in a deadly Californian wildfire. from BBC News - Business https://ift.tt/Jbyh29C

Bill Gates would rather pay for vaccines than travel to Mars

The Microsoft co-founder also believes artificial intelligence will "dramatically" transform humanity. from BBC News - Business https://ift.tt/vjVfmPH

Cost of living: Car insurance pushed up by paint and energy prices

There was an 8% rise in the cost of cover in the last three months of 2022, figures show. from BBC News - Business https://ift.tt/RIQwMdo

Can Sri Lanka trade its way back to prosperity?

Ben Chu, Newsnight's economic editor, takes a closer look at the country's economic woes. from BBC News - Business https://ift.tt/zyoH9WV

Argentina unveils new 2,000-peso banknote as inflation bites

The new 2,000-peso note comes after the country's annual inflation rate soared to 95% last year. from BBC News - Business https://ift.tt/tYjnB1b

EDF suspends forced prepayment meter installations

The move comes after British Gas was heavily criticised for practices around installing prepayment meters. from BBC News - Business https://ift.tt/zeip1s2

ChatGPT firm trials $20 monthly subscription fee

The chatbot has been used millions of times since its public launch last year. from BBC News - Business https://ift.tt/unL5twD

Adani calls off share sale after price plunges

Gautam Adani, one of Asia's richest people, has seen his firms lose more than $90bn in market value. from BBC News - Business https://ift.tt/m0d276u

British Steel considering 800 job cuts in Lincolnshire

The plans, which have not been formally submitted, comes as the firm struggles with high energy prices from BBC News - Business https://ift.tt/PbXMfxF

HSBC staff get a uniform of jumpsuits and jeans

The shift to casual wear for the bank's UK branch staff comes after BA unveiled jumpsuits for cabin crew. from BBC News - Business https://ift.tt/HDMeWvK