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Showing posts from May, 2023

US-Taiwan relations: New trade deal to be signed amid China tensions

Relations between Washington and Beijing have been increasingly tense in recent years. from BBC News - Business https://ift.tt/DKOVYHx

BHP: Mining giant says it underpaid workers for 13 years

Australia's BHP said the leave and allowance 'errors' will cost the company up to $280m. from BBC News - Business https://ift.tt/T1AOFK5

Debt ceiling deal: US House overwhelmingly passes bill

The Senate must approve the deal and send it to the president's desk this weekend to avoid a default. from BBC News - Business https://ift.tt/0MXj1sB

Amazon to pay $30m over Alexa and Ring privacy violations

It will also pay out after allowing employees of its Ring doorbell system access to customer recordings. from BBC News - Business https://ift.tt/twVMlZY

Every Canadian cigarette will soon carry a health warning

Canada will be the first country to have warning labels on the tipping paper of individual cigarettes. from BBC News - Business https://ift.tt/Gl9WZOq

Air New Zealand weighing passengers before flying

The airline says it is required to know the average weight of everything on board to improve fuel efficiency. from BBC News - Business https://ift.tt/rmivWMs

CBI president in early exit as lobby giant fights to survive

Brian McBride is to step down earlier than planned after the body was rocked by allegations of misconduct. from BBC News - Business https://ift.tt/yt6unrf

ArrDee: Alcohol adverts featuring rapper banned by watchdog

The regulator said the advert for Litty Liqour was "likely to encourage excessive consumption of alcohol". from BBC News - Business https://ift.tt/D2a6dGv

Disruption as fresh wave of train strikes begins

Train drivers will walk out on Wednesday, with further strikes planned for Friday and Saturday. from BBC News - Business https://ift.tt/TlHOJL0

Elon Musk: Tesla boss on first China trip in over three years

The multi-billionaire has not yet publicly commented on the visit, which comes amid US-China tensions. from BBC News - Business https://ift.tt/Px0W2RC

Universal credit childcare funding to rise 47% from June

From 28 June, parents on universal credit can claim up to £1,630 childcare for two or more children. from BBC News - Business https://ift.tt/dG1osK4

Theranos CEO Elizabeth Holmes begins 11-year prison sentence

The Theranos founder, 39, was convicted last year of defrauding investors and wire fraud. from BBC News - Business https://ift.tt/Z4OaXFc

Nvidia hits $1tn valuation as investors buy AI buzz

Investors excited about the possibilities for artificial intelligence have sent the US chipmaker's value soaring. from BBC News - Business https://ift.tt/rVqOd2b

Train strikes: How drivers' walkout on Wednesday will affect you

What you need to know about the walkout by Aslef train drivers, by the BBC's Zoe Conway. from BBC News - Business https://ift.tt/BW3Pm9c

Asda buys petrol station group EG for £2.3bn

The deal combines two businesses that are both already owned by the billionaire Issa brothers. from BBC News - Business https://ift.tt/yBhSUzD

Foxconn: iPhone maker hikes pay ahead of new model launch

Foxconn's move comes ahead of the expected launch of Apple's iPhone 15 later this year. from BBC News - Business https://ift.tt/ZMnxe7Y

Amazon to offer parents term-time-only working

The online giant is offering a flexible contract but the GMB union says workers want higher pay. from BBC News - Business https://ift.tt/EbUK1Dk

Elizabeth Holmes is going to prison. Will she ever pay victims too?

Experts say victims often never get their money back from those who defrauded them. from BBC News - Business https://ift.tt/YhxURnl

Capita hack: 90 organisations report data breaches to watchdog

The privacy watchdog is urging groups using the outsourcing giant to check if data has been exposed. from BBC News - Business https://ift.tt/5oURPi2

FTX: Singapore state fund Temasek cuts pay after failed investment

Last year, Temasek Holdings wrote off all of the $275m (£222.8m) it had invested in FTX. from BBC News - Business https://ift.tt/Y4gcwfb

Mars bar plastic wrapper swapped for paper

Mars trials environmentally friendly paper wrappers for some of its chocolate bars. from BBC News - Business https://ift.tt/e5aDTO9

Food price cap won't make a difference - retailers

The government wants to encourage supermarkets to impose voluntary price caps on some food products. from BBC News - Business https://ift.tt/eD5RwO4

US debt ceiling deal ready for Congress vote, Joe Biden says

President Joe Biden said he had not made too many concessions to Republicans as part of the agreement. from BBC News - Business https://ift.tt/LZipbBz

China's C919 passenger plane enters into service

China hopes the C919 will end the dominance of Airbus and Boeing - but it relies on Western components. from BBC News - Business https://ift.tt/w0vQmFp

How prosperity fuels dowry demand in India

Researchers studied 74,000 marriages that took place in India between 1930 and 1999. from BBC News - Business https://ift.tt/5QEDrtR

Who is Linda Yaccarino, Twitter's 'superwoman'?

Can new chief executive Linda Yaccarino fix Twitter? from BBC News - Business https://ift.tt/B8DJIRr

Plans for supermarket price cap on basic food

Prices on products like bread, milk and sugar could be capped under a voluntary scheme. from BBC News - Business https://ift.tt/WRQxcIz

JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties

Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship. from BBC News - Business https://ift.tt/84j63aZ

Post Office used racist terms for sub-postmasters in official guidance

A document shows racist language was used to describe sub-postmasters being wrongly investigated. from BBC News - Business https://ift.tt/guqyrAQ

ChatGPT-maker U-turns on threat to leave EU over AI law

OpenAI's Sam Altman previously said if it fails to comply with the forthcoming AI Act, it might exit the EU. from BBC News - Business https://ift.tt/OuK9CAS

Ovo Energy customers hit with 'horror' bills of up to £116k

A number of customers claim their usage has been miscalculated by the energy giant. from BBC News - Business https://ift.tt/ZjlgwnD

Twitter engineering boss quits after DeSantis launch glitches

Ron DeSantis' launch of his White House presidential campaign was hit by technical problems. from BBC News - Business https://ift.tt/EFXI0bN

US Congress closing in on debt ceiling deal - reports

Negotiators are said to be nearing a possible deal, US media reports, ahead of a holiday weekend. from BBC News - Business https://ift.tt/rak953y

When will we start seeing energy bill deals again?

With bills set to drop from July, fixed deals could be due to make a comeback, say experts. from BBC News - Business https://ift.tt/p9ITu6c

Sainsbury’s boss: We are not profiting from high prices

Supermarkets have been accused of "greedflation" - putting prices up to bolster profits. from BBC News - Business https://ift.tt/ajonxeR

Germany falls into recession as inflation hits economy

Rising prices have dampened demand from households and businesses in Europe's largest economy. from BBC News - Business https://ift.tt/ubYvU9x

Starling Bank chief Anne Boden to step down amid record profit

Anne Boden says nobody believed a "5ft-tall Welsh woman in her mid-50s" could achieve what she has. from BBC News - Business https://ift.tt/NIeSBAg

Is the past year's spike in strike action here to stay?

BBC economics editor Faisal Islam asks whether a historic surge in industrial action is likely to persist. from BBC News - Business https://ift.tt/en3ZmWo

Ship grounded in Suez Canal now refloated

In March 2021, one of the largest container ships in the world blocked the canal for six days. from BBC News - Business https://ift.tt/ATKokmH

Silicon Valley Bank: 500 jobs cut by new owner First Citizens

The move comes two months after SVB's collapse triggered fears of a banking crisis. from BBC News - Business https://ift.tt/CGJ3uZt

Expected energy price cap cut will see bills fall

The regulator will soon confirm the change, which is likely to knock £450 off a typical annual bill. from BBC News - Business https://ift.tt/wkq51Wt

UK inflation rate eases but food prices stay high

The cost of groceries continued to surge at close to a 45-year high, fuelled by vegetables. from BBC News - Business https://ift.tt/bes6NLg

Virgin Orbit: Branson’s space mission ends after rocket failure

The announcement that Virgin Orbit has shut down comes just months after a major launch failure. from BBC News - Business https://ift.tt/S8ybhec

Formula 1: Honda to return as Aston Martin engine partner in 2026

Honda will return to Formula 1 in 2026 as engine partner for the Aston Martin team. from BBC News - Business https://ift.tt/wQ0yJpZ

ChatGPT: Can China overtake the US in the AI marathon?

Washington's efforts to limit China's access to crucial cutting-edge technology continue. from BBC News - Business https://ift.tt/Mgzodn8

Why car parks are the hottest space in solar power

Car parks are a good place for solar panels, providing shade and electricity where it is needed. from BBC News - Business https://ift.tt/IynLS4D

Netflix begins UK crackdown on password sharing

The streaming giant will charge users for sharing passwords in the UK and the US. from BBC News - Business https://ift.tt/cY41Vq7

Shell AGM: Climate activists storm shareholder meeting

Protesters rush the stage at the oil giant's annual general meeting in London over climate plans. from BBC News - Business https://ift.tt/w6Lp2gd

Debt costs push UK borrowing higher than expected

The government borrowed £25.6bn in April, with inflation pushing up interest payments on debt partly to blame. from BBC News - Business https://ift.tt/5FBh31W

Bird flu: Brazil declares animal health emergency after several cases found

The country is the world's largest exporter of chicken meat, and wants to stop the virus spreading. from BBC News - Business https://ift.tt/rmvu2ye

WhatsApp to allow users to edit messages within 15 minutes

The instant-messaging service, which is used by 2 billion people, counts India as its largest market. from BBC News - Business https://ift.tt/XV1gKk4

TikTok sues Montana to overturn first US state ban

The western state last week became the first in the US to ban the hugely-popular video platform. from BBC News - Business https://ift.tt/3oKUkFi

Top economist calls for 'lenient' migration rules

Andy Haldane's comments come after the prime minister said legal migration was too high. from BBC News - Business https://ift.tt/6Jm7Pah

Train wi-fi at risk as part of cost-cutting move

The government says wi-fi is not a priority for passengers, but one expert claims trains could lose custom. from BBC News - Business https://ift.tt/zi4tewc

Interest rate 'rigging' evidence 'covered up' by banks

This evidence was not shown to juries where bankers were jailed for smaller-scale interest rate 'rigging'. from BBC News - Business https://ift.tt/BZNvntU

US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse

The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy. from BBC News - Business https://ift.tt/y3Jh45X

China bans major chip maker Micron from key infrastructure projects

It is China's first major move against a US chip maker, as tensions increase between Beijing and Washington. from BBC News - Business https://ift.tt/TXoa6xD

Why food bills aren't shrinking - five things to know

Prices in the shops remain much higher than a year ago, despite falls in energy and food costs. from BBC News - Business https://ift.tt/1PtQoRc

CBI banned alcohol-only events after staff party, says ex-chief

Former boss Dame Carolyn Fairbairn says she took action following poor behaviour at the event. from BBC News - Business https://ift.tt/hScOsBq

Government rules out more help on energy bills

The price cap on gas and electricity is set to fall, but at about £2,000 remains historically high. from BBC News - Business https://ift.tt/MQVD7uL

Mike Ashley doesn't get Flannels' luxury appeal, says CEO

Frasers CEO Michael Murray says his father-in-law can't understand why people spend so much on luxury fashion. from BBC News - Business https://ift.tt/gMUANSm

Mortgage deals: Five new products aiming to beat interest rates rise

As interest rates rise, some lenders are offering no-deposit mortgages and removing the "stress test". from BBC News - Business https://ift.tt/lDSMxZa

Energy bills predicted to fall from July by nearly £450

Ofgem is poised to announce a cut in its price cap next week, according to an energy consultancy firm. from BBC News - Business https://ift.tt/zLxAStV

Finance delays for divorcing teachers and NHS staff as pensions recalculated

Both current and retired staff face "a severe and drastic impact" from the delays, say solicitors. from BBC News - Business https://ift.tt/1joVgDY

Flooding: Toilet bungs and other prevention measures to save homes

A campaign will urge homeowners to consider simple measures to save costs and heartache from flooding. from BBC News - Business https://ift.tt/IOqHrV7

Cost-of-living payment date announced for people with disabilities

Those who receive qualifying benefits will receive £150 between 20 June and 4 July to help pay bills. from BBC News - Business https://ift.tt/hxGQ0AT

Ed Sheeran, Adele, and Harry Styles among richest Britons under 35

The musicians all have wealth of more than £150m, according to the latest Sunday Times Rich List. from BBC News - Business https://ift.tt/PAZVEyv

China overtakes Japan as world's top car exporter

The jump in China's exports was boosted by rising demand for electric vehicles and sales to Russia. from BBC News - Business https://ift.tt/aWJPzMv

Strip club dancers to form only US topless union

Performers at the Star Garden Topless Dive Bar in North Hollywood pass a unanimous vote to unionise. from BBC News - Business https://ift.tt/cV2dph8

Could a US debt default unleash global chaos?

The BBC examines four ways you could be affected if the US fails to reach a deal on its debt. from BBC News - Business https://ift.tt/kLjc8GI

'We are selling a product that we hope gets discontinued'

The firms aiming to help eradicate invasive species by making commercial use of them. from BBC News - Business https://ift.tt/G2UuiI5

Disney scraps $867m Florida plan amid Ron DeSantis feud

The company makes the decision amid an escalating legal battle with Florida Governor Ron DeSantis. from BBC News - Business https://ift.tt/9F52r4A

Ovo and Good Energy customers to get refunds after overcharging

Ovo and Good Energy are ordered to pay millions after billing households above the price cap. from BBC News - Business https://ift.tt/jIAFR5i

Rishi Sunak talking to EU over threat to UK electric cars

The Prime Minister says the government is talking to the EU over trade rule changes which could hit UK car plants. from BBC News - Business https://ift.tt/dbi0eRV

Epstein: Deutsche Bank to pay $75m over sex-trafficking lawsuit

Deutsche Bank was accused of enabling the American financier's alleged sex trafficking ring. from BBC News - Business https://ift.tt/mJFsgvE

Elon Musk: I will say what I want even if it costs me

Twitter's owner has been criticised for spreading disinformation and conspiracy theories online. from BBC News - Business https://ift.tt/Vz6JPXR

Montana to become first US state to ban TikTok

Governor Greg Gianforte signed the ban into law on Wednesday, paving the way for a First Amendment fight. from BBC News - Business https://ift.tt/7DuycI3

Water companies say sorry over spilling raw sewage

England's water companies promise to upgrade sewage system but it could mean an increase to bills. from BBC News - Business https://ift.tt/5le6PKR

Food prices: Clever technology tackles shortages as prices soar

Soaring demand for food banks means charities are having to buy produce - but simple tech can target donations. from BBC News - Business https://ift.tt/fmNoIPJ

Asia is spending big to battle low birth rates - will it work?

Governments in the region are spending hundreds of billions of dollars trying to reverse the trend. from BBC News - Business https://ift.tt/R5cflUt

Black taxpayers more likely to be audited, IRS admits

The head of the US tax-collection agency says he is "deeply concerned" by the disparity. from BBC News - Business https://ift.tt/aTemZfx

Ex-Apple engineer accused of stealing self-driving car secrets

The 35-year-old suspect allegedly downloaded large amounts of data before fleeing to China. from BBC News - Business https://ift.tt/F0wauxD

How computer games encourage kids to spend cash

Many parents are frustrated with games that encourage children to spend money to advance. from BBC News - Business https://ift.tt/W63LFMV

US debt ceiling: Biden and Republicans hopeful of a deal

House Speaker Kevin McCarthy says the two sides are far apart but an agreement is possible this week. from BBC News - Business https://ift.tt/SxJIDgW

Two poultry workers test positive for bird flu

The cases in England were found during screening and there is no sign of human-to-human transmission. from BBC News - Business https://ift.tt/kb4XYeV

Vodafone to cut 11,000 jobs as new boss says firm 'not good enough'

New chief Margherita Della Valle says the mobile firm's performance "has not been good enough". from BBC News - Business https://ift.tt/xkUhAyQ

Part-time workers drive rise in employment

A small rise in the UK employment rate is helped by more part-time and self-employed workers. from BBC News - Business https://ift.tt/wpKBMJD

Food industry leaders to meet PM as prices soar

The Downing Street meeting with farmers and supermarkets will also focus on costs and supply chain issues. from BBC News - Business https://ift.tt/OshxJNB

Anger over carpet being ripped out of social housing

Anti-poverty groups are urging landlords to stop ripping up carpets between tenants and leaving floors bare. from BBC News - Business https://ift.tt/PVMQlyX

'Doomsday': Singapore renters sound the alarm as prices surge

The surge in rent has become a major issue in the South East Asian country. from BBC News - Business https://ift.tt/QTGWebv

Should social media face-altering filters be regulated?

With photo manipulation technology now extending to videos some want authorities to intervene. from BBC News - Business https://ift.tt/o2gc9RA

Microsoft's $69bn Activision deal approved by EU

The proposed $69bn acquisition of Activision is splitting global regulators over competition concerns from BBC News - Business https://ift.tt/itU8mQO

Royal Mail to be investigated for missed delivery targets

The postal service faces another fine by the industry watchdog for falling short on first class mail. from BBC News - Business https://ift.tt/3cDk8se

Center Parcs owner Brookfield puts holiday chain up for sale

The private equity owner of the resort firm wants to sell the business for up to £5bn. from BBC News - Business https://ift.tt/JcV84Tk

Engineering giant Wood sees off takeover interest from investment firm

Apollo Management Holdings announced it will not make a formal bid for the Aberdeen-based firm. from BBC News - Business https://ift.tt/Iy1AlcX

Percy Pig ice cream renamed after 'polite' M&S request

Fabio Vincenti is now considering alternative names for his pig-based treat. from BBC News - Business https://ift.tt/BO9ubLN

Scrap tax on sunscreen, say cancer charities

Cancer experts want VAT removed to make sun creams more affordable in the cost-of-living crisis. from BBC News - Business https://ift.tt/1DL0vCm

AI creator on the risks, opportunities and how it may make humans 'boring'

AI boss on the future of artificial intelligence and what will happen if computers become more clever than humans. from BBC News - Business https://ift.tt/ENtY0M9

Pat Cullen: Nursing union calls for double-digit pay rise to restart talks

Union boss Pat Cullen urges ministers to reopen pay talks in England after her members rejected a 5% offer. from BBC News - Business https://ift.tt/R0FhgZU

Is the UK too late to beat the US in the global trade war?

The US is offering huge incentives to electric car firms, but the UK risks falling behind. from BBC News - Business https://ift.tt/YvKg0Sq

Skipton: Will deposit-free mortgages help budding first-time buyers?

Will Skipton Building Society's deposit-free deal help those hoping to buy in the lender's home town? from BBC News - Business https://ift.tt/TxI6SFw

GMB union writes to tribunal for Amazon recognition in pay row

The trade union is writing to the Central Arbitration Committee to request legal recognition. from BBC News - Business https://ift.tt/bx068Yo

Holiday car hire costs soar since pandemic, says Which?

Consumer group Which? says costs at popular destinations are up with customers often stung by hidden charges. from BBC News - Business https://ift.tt/uJc7HsQ

UK saw sluggish growth at start of year

Growth was just 0.1% in the first three months of the year, as the economy was affected by strike action. from BBC News - Business https://ift.tt/I3aiqyB

Australia government approves first new coal mine since elected

The government came to power a year ago promising greater action on climate change. from BBC News - Business https://ift.tt/8in5aKJ

New York City passes law barring weight discrimination

America's largest city joins a movement to make size a protected trait on par with race and gender. from BBC News - Business https://ift.tt/7VgkzKM

Indians urged to report growing WhatsApp spam calls

Many users have been complaining about receiving calls from unknown international numbers. from BBC News - Business https://ift.tt/YhfF0Rx

India's Russia oil imports jumped tenfold in 2022, bank says

The country saved $5bn as it ramped up purchases from Moscow following Western sanctions on Russia. from BBC News - Business https://ift.tt/xWjyb13

Disney+ streaming business loses 4m subscribers in first quarter

Most of the losses came from its Hotstar service in Asia, which has lost rights to Indian cricket matches. from BBC News - Business https://ift.tt/mViXTQz

Renewable energy projects worth billions stuck on hold

Major renewable energy projects being delayed by more than 10 years as grid reaches capacity. from BBC News - Business https://ift.tt/ga1q9zp

Warning UK losing £2,300 per minute to fraud

Bank industry group UK Finance calls for tech firms to help reimburse fraud victims. from BBC News - Business https://ift.tt/vbq7QfZ

US inflation below 5% for first time in two years

Prices rose 4.9% over the 12 months to April, the latest figures show. from BBC News - Business https://ift.tt/twEPRI1

UK interest rates: How high could they go?

The Bank of England is expected to raise the rate from 4.25% to 4.5%, creating higher mortgage costs. from BBC News - Business https://ift.tt/F40cpgy

India’s booming population needs more women at work

More women must join the workforce for India to reap its demographic potential - but that's not easy. from BBC News - Business https://ift.tt/FEfAubs

The debt ceiling saga explained - in under 90 seconds

Will the US government run out of money? Here's what's at stake politically and economically. from BBC News - Business https://ift.tt/st5bRNf

Briton pleads guilty in US to 2020 Twitter hack

It was probably the most high-profile hack in social media history, hitting dozens of famous accounts. from BBC News - Business https://ift.tt/5lz7ujJ

Longer lorries to be allowed on Britain's roads

More goods can be carried in fewer trips, says government, but campaigners have safety concerns. from BBC News - Business https://ift.tt/s4BCIUd

Is Congress playing a high stakes game of political chicken?

The US is at the risk of actually hitting its debt limit and causing a global economic catastrophe. from BBC News - Business https://ift.tt/LnXpTGa

Tech layoffs: LinkedIn cuts 700 jobs and phases out China

The careers site is the latest tech company to announce major job cuts. from BBC News - Business https://ift.tt/9mkYFUt

Apple co-founder says AI may make scams harder to spot

Silicon Valley veteran tells the BBC he thinks AI creations should be clearly labelled. from BBC News - Business https://ift.tt/ARBK4fW

Can a wind turbine handle hurricane speed winds?

As wind farms expand into new areas they will need to withstand extreme wind speeds. from BBC News - Business https://ift.tt/iloVPzm

Royal Mail boss expected to resign within weeks

Simon Thompson is said to be in talks after a bitter union dispute and after he was accused of misleading MPs. from BBC News - Business https://ift.tt/6Q0qO4Z

Sunday sunshine helps Coronation pub takings

One pub chain says sales on Sunday had been "really, really strong" as hospitality firms hope for a boost. from BBC News - Business https://ift.tt/Cum0loJ

Children missing out as attractions get pricier, says charity

Children could miss out on important life experiences due to higher prices, says Go Beyond. from BBC News - Business https://ift.tt/BcvkU57

Janet Yellen: US treasury secretary warns of debt ceiling 'catastrophe'

The US treasury secretary warns Congress it must act to raise the country's borrowing limit. from BBC News - Business https://ift.tt/gr69Nxl

Horizon scandal: Post Office boss to pay back part of bonus

Nick Read has admitted last year's accounts contained an "incorrect statement" about work done for the Horizon Inquiry. from BBC News - Business https://ift.tt/NAWngUI

Tata Steel warns of uncertainty over future of UK business

The steelmaker is seeking government support to help switch away from coal-fired blast furnaces. from BBC News - Business https://ift.tt/6dmD9aM

Ex-Uber security chief sentenced over covering up hack

Joseph Sullivan was convicted over covering up a security breach of 57 million user accounts in 2016. from BBC News - Business https://ift.tt/mQXVwuY

Shell selling stake in controversial Cambo oil field

The project - west of Shetland - is the second-largest undeveloped discovery in the UK's North Sea. from BBC News - Business https://ift.tt/qCvg0Yp

More UK Amazon workers to vote on strike action

GMB union members in Staffordshire and Nottinghamshire are to be balloted for strikes over pay. from BBC News - Business https://ift.tt/ueI94Ea

CBI hires ethics consultancy to overhaul culture

The business lobby group appoints advisors to try to salvage its reputation as police investigate rape claims. from BBC News - Business https://ift.tt/tm5n4du

HSBC foils plan by major investor to break up bank

China's Ping An fails to get the backing to split the lender in a crunch vote over its future. from BBC News - Business https://ift.tt/evmokgq

Banks warn of big increase in online scams

Barclays said 77% of scams are now happening on social media, online marketplaces and dating apps. from BBC News - Business https://ift.tt/b4SLi0x

Yorkshire's independent brewers in battle to survive 'perfect storm'

Independent brewers in Yorkshire react to news that one of their famous counterparts is in trouble. from BBC News - Business https://ift.tt/gp6BMfj

Kanye West Yeezy loss is hurting us, admits Adidas

Ending its collaboration with Kanye West hit sales at the start of the year, says sportswear giant. from BBC News - Business https://ift.tt/MyeOCo9

Apple sales falter again but iPhone demand persists

The iPhone maker is facing headwinds as the economy weakens. from BBC News - Business https://ift.tt/cHSUubT

Number of people getting mortgages rises sharply

The Bank of England says the number of mortgages approved in March increased but from low levels. from BBC News - Business https://ift.tt/2eKMJbk

British Gas to stop using contractors to force-fit prepayment meters

The change follows an outcry after agents working for British Gas broke into the homes of vulnerable people. from BBC News - Business https://ift.tt/7ts6Hai

Covid: China tourism rebounds above pre-pandemic levels

Domestic travel in the country jumped sharply during the five-day May Day break. from BBC News - Business https://ift.tt/G9ub35E

UK competition watchdog to launch review into AI

The CMA will look into whether the development of new AI technology is in consumers' best interests. from BBC News - Business https://ift.tt/lwXrmQN

Credit Suisse: Asia investors sue Switzerland over bank collapse

Investors are suing the Swiss government over its handling of the takeover of Credit Suisse. from BBC News - Business https://ift.tt/U27C4iy

Coca-Cola supplies could be hit by strike - union

Workers at Europe's biggest soft drinks factory in Wakefield are balloted over industrial action. from BBC News - Business https://ift.tt/IiPWUsX

Dyson plans £100m research hub in Bristol city centre

The engineering giant says it will be recruiting hundreds of software and AI engineers for the site. from BBC News - Business https://ift.tt/GPVHbaQ

UK to ban cold calls selling financial products

Rules tackling scams will be extended as millions are targeted by fraudsters. from BBC News - Business https://ift.tt/10ywpAq

India's Go First cancels flights after bankruptcy

The country's fourth largest carrier blames US engine maker Pratt & Whitney for its problems. from BBC News - Business https://ift.tt/Q03Ul6J

Air travel chaos looms as US keeps 5G altimeter refit deadline

A July deadline for airlines to refit planes to avoid 5G signal interference will remain in place. from BBC News - Business https://ift.tt/6VrPEWz

Coronation: Think of millions working during celebrations - union

Coronation celebrations will depend on millions working through the weekend, say trade unions. from BBC News - Business https://ift.tt/vPq06SW

US bank shares slide after First Republic rescue

Shares in several regional banks have dropped sharply, a day after the collapse of First Republic. from BBC News - Business https://ift.tt/LcSojPO

House prices in surprise 0.5% rise in April

Market conditions improving after prices fall for seven consecutive months, Nationwide says. from BBC News - Business https://ift.tt/7DANx5V

BP reports stronger than expected profits

The oil and gas giant posts profits of $5bn (£4bn) for the first three months of 2023. from BBC News - Business https://ift.tt/R5EslbW

Silicon Valley Bank: HSBC says UK buyout boosted profit by $1.5bn

HSBC bought Silicon Valley Bank's British business in a deal led by the government and the Bank of England. from BBC News - Business https://ift.tt/FMlkYLU

Shein: China fashion giant faces US calls for probe over Uyghur claims

Lawmakers demand an investigation into the Chinese fashion giant's alleged links to forced labour from BBC News - Business https://ift.tt/4D1UEWC

Australia to ban recreational vaping, crackdown on black market

Minimum quality standards will also be introduced, and the sale of vapes in retail settings prohibited. from BBC News - Business https://ift.tt/f1mzl4o

The people turning time into a currency

So-called "time-banking" schemes are letting people get paid in time credits for the work they do. from BBC News - Business https://ift.tt/mXqbe4E

Ron DeSantis-aligned oversight board votes to countersue Disney

This latest move is part of an escalating dispute between Disney and Florida's Republican governor. from BBC News - Business https://ift.tt/qnMKFcO

First Republic: JP Morgan to take over major US bank

First Republic was seized by regulators, the third major US bank to fail in recent months. from BBC News - Business https://ift.tt/xuynBwA