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Showing posts from April, 2023

Capita: Watchdog warns pension funds over data after hack

The Pensions Regulator has told hundreds of funds to check details of customers after a data leak. from BBC News - Business https://ift.tt/5XFHgZJ

UK chip giant Arm files for blockbuster US share listing

In a blow to the London stock market, the firm said in March that it would not list shares in the UK. from BBC News - Business https://ift.tt/k0f1Pi9

The Israeli plan to fit a fusion reactor into a container

Israel's NT-Tao wants to build a compact fusion reactor and has won investment from Honda. from BBC News - Business https://ift.tt/HLqZEyP

Where property prices are set by what local people earn

A housing project in south London is selling flats with prices set according to local income levels. from BBC News - Business https://ift.tt/WqRaV5C

Adidas sued by investors over Kanye West deal

Shareholders claim the sportswear giant knew about the rapper's behaviour before it cut ties in 2022. from BBC News - Business https://ift.tt/tUqREFD

First Republic makes last ditch bid to find rescue deal

Regulators are racing to find a buyer for First Republic after the recent collapse of two US banks. from BBC News - Business https://ift.tt/LuozcrU

Rail strikes cynically targeting Eurovision, transport minister says

Transport Secretary Mark Harper says a "fair and reasonable pay offer" has been made to rail workers. from BBC News - Business https://ift.tt/ujftpR5

How taking it slow could help protect our money

A culture of instant buying, paying, and delivery brings convenience but could expose our finances to harm. from BBC News - Business https://ift.tt/miBadkq

Oil company ExxonMobil reports record profits of $11.4bn

The energy giant says the profits came despite paying about $200m (£160m) in windfall taxes in Europe. from BBC News - Business https://ift.tt/4tpiw7C

Katy Perry v Katie Perry: Singer loses trademark battle

The US singer was sued by an Australian fashion designer over her use of the name on tour clothing. from BBC News - Business https://ift.tt/nuF0kbQ

UK games sector wanted Microsoft deal, says Ian Livingstone

Ian Livingstone says he hopes a settlement can be reached for Microsoft's takeover of Activision. from BBC News - Business https://ift.tt/78Zck9f

Rents hit fresh high as lack of homes available continues

Despite some signs of more properties coming on to the market, asking rents are still rising, Rightmove says. from BBC News - Business https://ift.tt/Q59m6ov

HMV's flagship Oxford Street store to reopen

The music retailer is to move back into 363 Oxford Street after a "dramatic" return to profit. from BBC News - Business https://ift.tt/7avbTmU

Sri Lanka crisis: Central bank lays out extent of economic problems

The central bank's annual report highlighted the "unprecedented" increases in food and fuel prices. from BBC News - Business https://ift.tt/GUaDJj5

Amazon cloud and ads units offset e-commerce woes

Amazon has been hit as shoppers return to in-store spending after the pandemic. from BBC News - Business https://ift.tt/BjXVA4e

Gambling white paper: Government to unveil shake-up of laws

Culture secretary Lucy Frazer will lay out new restrictions from the government on gambling. from BBC News - Business https://ift.tt/AHoCsgp

China police question staff at US consultancy giant Bain

It comes as relations between Washington and Beijing have deteriorated in recent months. from BBC News - Business https://ift.tt/xmtcWwq

US denies trying to unfairly attract overseas firms

Deputy treasury secretary tells the BBC the US wants other countries to invest in clean energy as well. from BBC News - Business https://ift.tt/BAMfPcd

Pernod Ricard resumes Beefeater and Jameson exports to Russia

French drinks giant says the move is to keep its Russia operations viable but campaigners are 'disgusted'. from BBC News - Business https://ift.tt/MeU5v2J

Bank of England: 'Accept' you are poorer remark sparks backlash

Unions and small businesses react with outrage to comments that people need to accept they are poorer. from BBC News - Business https://ift.tt/adoQVZe

Pret A Manger hikes price of its subscription service to £30

The sandwich and coffee chain says the new deal will entitle customers to 10% off everything in store. from BBC News - Business https://ift.tt/qoFja56

Who wins and who loses from new Australia trade deal?

Small firms are weighing up the benefits of the UK's new trade deal with Australia. from BBC News - Business https://ift.tt/nNpt5A1

Amazon UK could be forced to recognise first union

A majority of staff at its Coventry warehouse have signed up to a union, the GMB says. from BBC News - Business https://ift.tt/H5kYn8Z

KitKat maker Nestle hikes prices but sales still sweet

Nestle says it has raised the prices by nearly 10% over the past year due to "significant" cost inflation. from BBC News - Business https://ift.tt/NyqS1W6

CBI apology is too little too late, says Baroness Morrissey

Diversity champion Baroness Morrissey believes the lobby giant is finished following rape allegations. from BBC News - Business https://ift.tt/7gSOJl9

Ocado warehouse closure puts 2,300 jobs at risk

Its Hatfield fulfilment centre will stop trading as the online grocer relies on more efficient sites. from BBC News - Business https://www.bbc.co.uk/news/business-65383122?at_medium=RSS&at_campaign=KARANGA

March borrowing surges on energy bill support

The government borrowed £21.5bn last month, the second-highest March figure since records began in 1993. from BBC News - Business https://ift.tt/dRT2au8

Netflix to invest $2.5bn in new South Korea films and TV shows

The firm's co-CEO said the money will be spent on making TV shows and movies in the Asian country. from BBC News - Business https://ift.tt/79kLaIy

First Republic Bank: More than $100bn of withdrawals this year

The US-based bank said its deposits fell by over 40% amid fears of a crisis in the financial sector. from BBC News - Business https://ift.tt/0DdPb7U

Millions start to get latest cost-of-living payment

Payments have now started of £301 to each of eight million people on low incomes and receiving benefits. from BBC News - Business https://ift.tt/FYqQ3HI

Disney cuts more jobs as restructuring continues

The firm announces another round of layoffs as part of the plan to reduce its workforce by about 7,000. from BBC News - Business https://ift.tt/sq2WAOP

Italian chain Prezzo to close 46 restaurants

The move, which puts 810 jobs at risk, comes after the chain was hit by soaring costs. from BBC News - Business https://ift.tt/mxPziTH

Millions of families miss out on cheap broadband

Ofcom is concerned that people are not getting the broadband social tariffs they are entitled to. from BBC News - Business https://ift.tt/UOvfsa4

Bed Bath & Beyond files for bankruptcy in the US

The embattled retail giant is seeking buyers for its assets, and will close all its stores by 30 June. from BBC News - Business https://ift.tt/KZm9Rgv

NBCUniversal boss Jeff Shell out after 'inappropriate relationship'

Jeff Shell has left the US media giant over an "inappropriate relationship" he had with a colleague. from BBC News - Business https://ift.tt/JHSL3rf

The wedding tech now at the heart of couples' nuptials

A growing number of brides and grooms are embracing technology for their big day. from BBC News - Business https://ift.tt/a0hASLE

Maleficent: Dragon catches fire during Disneyland show in LA

Maleficent the fire-breathing dragon dramatically went up in flames during Saturday's live show. from BBC News - Business https://ift.tt/Di2dvU0

The tech entrepreneur betting he can get younger

Millions of dollars are being poured into research to find ways of making lives longer and healthier. from BBC News - Business https://ift.tt/KpQeh75

CBI rape allegations 'shocking' says Labour shadow minister

The lobbying group needs 'root and branch' reform, says Labour's Jonathan Ashworth. from BBC News - Business https://ift.tt/EygxOuR

Has TransPennine Express improved its train service?

After a period of disruption, we examine how the company is performing ahead of a decision on its future. from BBC News - Business https://ift.tt/rQ07JiP

Royal Mail pay offer accepted by Communication Workers Union

The CWU will recommend its members accept a deal to end the long-running dispute, Royal Mail's owner says. from BBC News - Business https://ift.tt/M9H0Svz

Facebook still being used to arrange fake reviews - Which?

The consumer group found more than a dozen groups trading reviews for free products or payments. from BBC News - Business https://ift.tt/Bu6gKf5

Rainfall washes out retail sales in March

Department stores and clothing shops blame wet weather for a sharp fall in demand. from BBC News - Business https://ift.tt/ZYO4rd1

Shanghai Auto Show: Mini responds to Chinese ice cream racism uproar

It comes after a video appeared to show staff giving ice cream to foreigners and refusing local visitors. from BBC News - Business https://ift.tt/zBrpONv

Lachlan Murdoch drops lawsuit against news site Crikey

Crikey linked the Murdoch family name to the US Capitol attack in an opinion piece last year. from BBC News - Business https://ift.tt/dNXQLCs

Ukrainian vodka producers toast a rise in global sales

With Russian vodkas no longer on shelves around the world, Ukrainian brands have filled the gap. from BBC News - Business https://ift.tt/MQ84oEA

Compensation plan for Neil Woodford investors revealed

Savers in the collapsed Neil Woodford fund could receive 77% of their investment back. from BBC News - Business https://ift.tt/t5F1YOR

Elon Musk threatens to sue Microsoft over Twitter data

The multi-billionaire was responding to the tech giant's plan to drop Twitter from its advertising platform. from BBC News - Business https://ift.tt/pMlqvU2

US imposes $300m penalty over hard disk drive exports to Huawei

It is the latest move by the US government to stop sales of sophisticated technology to China. from BBC News - Business https://ift.tt/g4uSyOI

Child Trust Funds: Millions of pounds stuck in 80,000 accounts - report

Families are facing court battles to get their children's money, in pots worth up to £210m in total. from BBC News - Business https://ift.tt/iFLlIEd

Bank says no real risk in ringing for financial help

The boss of Santander says telling a bank you're struggling may not harm your credit rating. from BBC News - Business https://ift.tt/lKfxG61

Overdraft changes saved borrowers £1bn, says watchdog

Simpler overdraft rates have helped borrowers but some still miss out on support, the FCA says. from BBC News - Business https://ift.tt/7d56ptZ

Thousands of flights delayed as Southwest glitch grounds planes

The embattled airline cited a "technical issue" as the case for the one-hour nationwide stoppage. from BBC News - Business https://ift.tt/uYg1dk6

Can Fox News afford the $787.5m Dominion settlement?

The network still faces a second, similar defamation lawsuit from another election technology firm. from BBC News - Business https://ift.tt/UHoPTw9

What counts as sexual harassment at work?

The BBC speaks to experts about sexual harassment and what to do if you experience it in the workplace. from BBC News - Business https://ift.tt/TpFRfLX

Fox News settles Dominion defamation case for $787.5m

Dominion says the network told lies that caused "enormous damage" to the US voting technology firm. from BBC News - Business https://ift.tt/iuQa63Z

Netflix ends DVD rentals in end of era

The streaming giant which began posting DVDs 25 years ago will send its final disc in September. from BBC News - Business https://ift.tt/zC7Za9N

Hikvision: Chinese surveillance tech giant denies leaked Pentagon spy claim

A leaked US government document alleged that Hikvision was likely enabling Chinese espionage. from BBC News - Business https://ift.tt/xGJD5V3

Covid: China economy rebounds after pandemic measures lifted

Gross domestic product for the first three months of 2023 grew by 4.5% compared to a year earlier. from BBC News - Business https://ift.tt/r5YvJny

How artificial intelligence is matching drugs to patients

Health-tech firms around the world are increasingly using AI to help tailor drugs for patients. from BBC News - Business https://ift.tt/sx4l1h0

DeSantis floats idea of state prison near Disney park

The Florida governor made the threat, a bit tongue-in-cheek, while vowing to assert state control over Disney. from BBC News - Business https://ift.tt/xe15gqB

EY cuts 3,000 jobs in US blaming 'overcapacity'

The decision comes days after the firm called off a radical restructuring. from BBC News - Business https://ift.tt/B5uEfrp

Forced prepay meter installations to be banned in homes of over-85s

Energy suppliers will also have to give struggling customers more chances to clear their debts. from BBC News - Business https://ift.tt/a0IDeu8

Retiring landlords risk fuelling rental shortage

Investors with buy-to-let mortgages are retiring but new landlords are not replacing them. from BBC News - Business https://ift.tt/ptY6cQV

Angry Birds: Sega in talks to buy video game maker Rovio

The Japan-based entertainment giant Sega is in discussions over a deal for Rovio reportedly worth $1bn. from BBC News - Business https://ift.tt/VBYqp73

Business confidence up sharply at biggest firms

Sentiment is rebounding as concerns about energy prices and Brexit ease. from BBC News - Business https://ift.tt/clQnKZj

Greener flights will cost more, says industry

Demand for air travel will be hit as decarbonisation drives up ticket prices, says industry. from BBC News - Business https://ift.tt/o2mjsgZ

Scrap all existing smart motorways, says AA

It comes after government cancels plans to build more stretches of road without permanent hard shoulders. from BBC News - Business https://ift.tt/u1bcHTV

Amazon strike: Hundreds of workers in Coventry walk out in pay dispute

GMB members walked out at 06:30 BST on Sunday and will strike until Tuesday, the union says. from BBC News - Business https://ift.tt/vkzgQyp

US savers get savvy ditching and switching banks

A wave of transfers is hitting US banks, adding another wrinkle to challenges facing the financial system. from BBC News - Business https://ift.tt/WYnN16p

Royal Mail and Communication Workers Union reach agreement on pay

A provisional agreement over pay and working conditions for postal service workers has been reached. from BBC News - Business https://ift.tt/n42RuZy

Britain's economy is back, says chancellor

Jeremy Hunt says his economic strategy has been welcomed after his predecessor faced criticism. from BBC News - Business https://ift.tt/VLoahYs

Japan approves plan to open its first casino

Officials have allowed a gambling resort to open in Osaka in 2029 to attract tourists. from BBC News - Business https://ift.tt/trXgOkJ

Ford launches hands-free driving on UK motorways

Government approves Ford's BlueCruise system to allow hands-off, eyes-on driving. from BBC News - Business https://ift.tt/gwQkc6B

The bean that could change the taste of coffee

How researchers are pinning their hopes on a climate-resilient coffee species. from BBC News - Business https://ift.tt/AqYVevI

18,000 cows killed in Texas dairy farm explosion

Animal welfare activists say the incident is "by far" the deadliest barn fire in recent memory. from BBC News - Business https://ift.tt/6LG43T9

Apple India: Can new stores help tech giant win in the country?

Apple is set to open its first two India stores - but will they help its fortunes in an Android-heavy market? from BBC News - Business https://ift.tt/nAN94FQ

Judge sanctions Fox News ahead of Dominion defamation trial

Dominion, which is suing Fox for $1.6bn, alleges network lawyers withheld evidence in the case. from BBC News - Business https://ift.tt/jTPvWCG

Twitter and hate speech: What's the evidence?

Some studies show abuse on the platform is increasing - but Elon Musk has pushed back. from BBC News - Business https://ift.tt/9f6qn2Y

SharkNinja boss shares his CEO Secrets advice

Mark Barrocas, president of SharkNinja, shares his advice for the CEO Secrets series. from BBC News - Business https://ift.tt/7RmhDds

Juul Labs agrees $462m deal to settle claims

Juul Labs agrees a deal to settle claims that it targeted teenagers with its products. from BBC News - Business https://ift.tt/12nqf0d

Ex-CBI boss not shown report that led to dismissal

Tony Danker was dismissed immediately following a report into allegations of misconduct. from BBC News - Business https://ift.tt/fcCheyg

De La Rue says demand for banknotes at its lowest in 20 years

Banknote-maker De La Rue warns that its full-year profits will be lower than expected. from BBC News - Business https://ift.tt/OmvW2lg

Changi Airport: Hanging out at the world's best airport

Singapore's Changi Airport is a particular point of pride in a country obsessed with rankings. from BBC News - Business https://ift.tt/6yLnNY5

Tupperware: Why the household name could soon be history

The name is so familiar many do not even realise it is a brand - but the firm may be in deep trouble. from BBC News - Business https://ift.tt/sT2voAO

Why robotic worms could one day dig beneath your feet

Simulating an earthworm's movement is difficult, but could have very useful real-world applications. from BBC News - Business https://ift.tt/TuAav6Q

UK to be one of worst performing economies in 2023 - IMF

The International Monetary Fund predicts the UK economy will shrink this year, alongside Germany. from BBC News - Business https://ift.tt/2vQ9S4h

Tupperware shares plunge as it warns of possible collapse

The 77-year-old food storage business is facing a bleak future as it races to find new financing. from BBC News - Business https://ift.tt/I5AxbCw

CBI boss Tony Danker sacked over misconduct claims

Tony Danker is dismissed after an investigation into complaints about his conduct involving a female employee. from BBC News - Business https://ift.tt/klipf5W

Interest rates likely to fall to pre-Covid levels, IMF predicts

The IMF predicts borrowing costs will fall back once high inflation is brought under control. from BBC News - Business https://ift.tt/6gQXfoN

Junior doctors' strike: NHS faces most disruptive walkout yet

Thousands of junior doctors across England begin their four-day walkout in a dispute over pay. from BBC News - Business https://ift.tt/zFXgDem

AI: China tech giant Alibaba to roll out ChatGPT rival

In recent months, technology firms around the world have unveiled their own generative AI chatbots. from BBC News - Business https://ift.tt/qED9S1X

More people entertaining at home as cost of living bites

Sales of home accessories and furniture rose in March as people ate out less to save money. from BBC News - Business https://ift.tt/s1kSeR2

World Startup Convention: The India start-up gala that exploded into a scandal

An event that dubbed itself the “world’s biggest funding festival” has been accused of duping entrepreneurs. from BBC News - Business https://ift.tt/7kv0wsf

Vodafone broadband down for customers across UK

Thousands of users of Vodafone landline internet have reported issues with the service. from BBC News - Business https://ift.tt/tbkzFB0

The Ukrainian refugees making a living somewhere new

After fleeing the war in Ukraine, refugees share their experiences of finding work in their new homes. from BBC News - Business https://ift.tt/4MI1oV7

Elon Musk: Tesla to build new battery factory in Shanghai

Elon Musk's company says the plant will be able to produce 10,000 "Megapack" battery units a year. from BBC News - Business https://ift.tt/OqjJxtD

Wizz Air perform worst for flight delays

The airline performs worst in an analysis of more than 2,500 flights for the second year in a row. from BBC News - Business https://ift.tt/SYMO0sA

Twitter: BBC objects to 'government funded media' label

Corporation says it wants to resolve issue after one of its main accounts receives new designation. from BBC News - Business https://ift.tt/H7qXV0Y

Cost of living: Fish and chip shop that opened in 1961 shuts doors

Dennis Jackson, 84, says the last six decades of business had been "fantastic". from BBC News - Business https://ift.tt/uUzvNIy

Eurovision 2023: Airbnb host tried to increase rent from £465 to over £2,000

Roy Henry says the host he booked with tried to raise the price from £465 to more than £2,000. from BBC News - Business https://ift.tt/peGCv27

Good Friday shopping beats analyst expectations

Springboard said more people headed out to the shops, though levels remain below pre-pandemic levels. from BBC News - Business https://ift.tt/0teoZh5

French police blame Dover port for border delays

French border police say the Port of Dover did not prepare properly for last weekend's holiday rush. from BBC News - Business https://ift.tt/sPrUELR

US job creation slows but unemployment stays low

The world's biggest economy added 236,000 roles in March, led by bars and restaurants. from BBC News - Business https://ift.tt/ohdgFbc

Russian rouble falls to lowest value for a year

The currency tumbles against the dollar as Western sanctions continue. from BBC News - Business https://ift.tt/vPraoOL

World economy faces weakest growth since 1990 - IMF

The weak outlook reflects a sharp rise in borrowing costs weighing on businesses and households. from BBC News - Business https://ift.tt/L6FMJE8

Amazon takeover of iRobot faces UK watchdog probe

An investigation has begun into the tech giant's planned takeover of the makers of Roomba vacuum cleaners. from BBC News - Business https://ift.tt/CDZLFca

NI licensing laws: No more supermarket points for alcohol sales

Alcohol sellers in Northern Ireland can no longer run some loyalty schemes, under new laws. from BBC News - Business https://ift.tt/JnSkgtV

Warning post-Brexit border checks could deter EU imports

The Cold Chain Federation says planned new measures will put off some suppliers and push up food prices. from BBC News - Business https://ift.tt/9EtCzGj

Renting: Six out of 10 renters live in energy-inefficient homes

Renters in Blackpool tell the BBC they're struggling while living in flats which have poor energy efficiency ratings. from BBC News - Business https://ift.tt/x2pfr3g

CBI lobby group in 'difficult place' after rape claim, says member

Andy Wood, boss of brewer Adnams, says his company is considering its membership of the group. from BBC News - Business https://ift.tt/RZ9XFKH

Sainsbury's defends vac-pack mince after complaints

The store printed leaflets after complaints that its new eco-friendly packs turned the meat to mush. from BBC News - Business https://ift.tt/n29dBWj

Royal Mail pay talks with union collapse

The long-running row between the CWU and the postal firm continues after recent discussions failed. from BBC News - Business https://ift.tt/4JyFD9j

Treasury steps back from lobby giant after rape claim

The BBC understands the chancellor and officials have "paused engagement" with the CBI. from BBC News - Business https://ift.tt/H6Gf7Oo

Virgin Orbit boss blasts leaders in parting email

Tony Gingiss, chief operating officer at the rocket firm, tells staff they "deserved better". from BBC News - Business https://ift.tt/DSzWbOr

Amazon closing UK-based online shop Book Depository

The announcement was met with sadness by many of its customers from around the world. from BBC News - Business https://ift.tt/XTr5sbN

Businesses in NI face perfect storm warning

The new financial year can bring an increase in many costs from wages to business rates. from BBC News - Business https://ift.tt/tW4RxbI

A nutty solution for cleaner stoves and barbecues

Cleaner fuels for cooking could improve health and be better for the environment. from BBC News - Business https://ift.tt/nYDHTZM

Johnson & Johnson offers $9bn to settle talc claims

The new settlement offer is a significant boost over the $2bn the firm had previously proposed. from BBC News - Business https://ift.tt/1PjzxVb

Virgin Media internet down for thousands

The firm has around 5.8m home broadband users across the UK, according to its latest figures. from BBC News - Business https://ift.tt/Xs7CYVc

Virgin Orbit: Richard Branson's rocket firm files for bankruptcy

The satellite launch company has failed to secure new investment after a rocket launch failed. from BBC News - Business https://ift.tt/K2tB9D7

L'Oreal buys Australian brand Aesop in $2.5bn deal

Aesop has developed a cult following around the world for its lotions, soaps and creams. from BBC News - Business https://ift.tt/w0t5o7v

Would you open up to a chatbot therapist?

AI-powered chatbots are now sophisticated enough that they are starting to be used for therapy. from BBC News - Business https://ift.tt/9eM7ioj

Nigel Lawson: Reforming chancellor dies aged 91

Best known for his role as chancellor during the 1980s, Lord Lawson held key posts under Margaret Thatcher. from BBC News - Business https://ift.tt/U8mdeyZ

Obituary: Nigel Lawson

He was one of Britain's longest-serving chancellors who presided over the 1980s economic boom. from BBC News - Business https://ift.tt/0SrIO5x

John Lewis wins court battle over Edgar the dragon's Christmas advert

A children's author argued that the retailer copied one of her designs in its 2019 Christmas advert. from BBC News - Business https://ift.tt/KPrnoVX

Cost of living: What payments are available and how do you claim?

Low-income households, pensioners and some disabled people can get extra help with energy bills. from BBC News - Business https://ift.tt/hbIAwBx

The other Chinese apps taking the US and UK by storm

Four out of the top 10 most downloaded free mobile apps in the US and UK are Chinese-owned. from BBC News - Business https://ift.tt/uHJ0Pts

Tesco boss won't predict when food price inflation will ease

John Allan says the firm is "doing its bit" to help customers cope with high inflation. from BBC News - Business https://ift.tt/lGKkuEc

Twitter's blue ticks disappear as Musk attacks NY Times

The New York Times Twitter account has lost its blue tick after it said it would not pay to stay verified. from BBC News - Business https://ift.tt/UEk3Ll7

Swiss probe into UBS takeover of Credit Suisse

The rushed takeover deal is to be investigated by Switzerland's federal prosecutor. from BBC News - Business https://ift.tt/7HSwfhc

China's loans to Africa worry World Bank President David Malpass

The bank's president David Malpass says more transparency is needed when providing economic help. from BBC News - Business https://ift.tt/QvMIZjd