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Showing posts from December, 2023

Household energy price rise of 5% comes into force

A higher cap for the next three months adds £94 to the typical annual domestic energy bill. from BBC News - Business https://ift.tt/1Kde3GR

US Navy helicopters destroy Houthi boats in Red Sea after attempted hijack

The US military says it was responding to a second attack on the same vessel near Yemen in 24 hours. from BBC News - Business https://ift.tt/897Wshg

Venice to ban large tourist groups and loudspeakers

The new rules will come into effect in June and are part of an effort to ease the impact of tourism. from BBC News - Business https://ift.tt/6BszZiy

How will the UK economy compare to other countries in 2024?

After a tough 2023, will things improve for the UK and other economies in the new year? from BBC News - Business https://ift.tt/iVH85Ed

Eurostar services to resume after major disruption

Many passengers are still stranded in London and Paris after flooding cancelled all Eurostar trains. from BBC News - Business https://ift.tt/SMk96vy

Tim Martin: Wetherspoon boss knighted in New Year Honours

The pub chain founder and Brexit campaigner is recognised for services to hospitality and culture. from BBC News - Business https://ift.tt/6Cnqjwh

House prices end the year 1.8% lower, says Nationwide

The housing market is set to be subdued in 2024 despite hopes of an interest rate cut. from BBC News - Business https://ift.tt/RhdEKHM

Françoise Bettencourt Meyer: L'Oréal heiress first woman to amass $100bn fortune

The French beauty empire is on track for its best stock market performance in decades. from BBC News - Business https://ift.tt/eWwKVAE

Boeing urges 737 Max inspections for possible loose bolt

The airplane maker is urging airlines to inspect rudder control systems on the planes. from BBC News - Business https://ift.tt/AkOfZPs

Google settles $5bn lawsuit for 'private mode' tracking

Large technology firms have faced increased scrutiny of their practices in the US and beyond. from BBC News - Business https://ift.tt/y4V9aIF

Tata Steel: Port Talbot staff fear year of uncertainty

Welder says Tata's Port Talbot plant is gripped by fears of job losses. from BBC News - Business https://ift.tt/OeTU9RA

UK vinyl sales at highest level since 1990

Sales of vinyl LPs rose for a 16th consecutive year in 2023, hitting 5.9 million units. from BBC News - Business https://ift.tt/b2kCWiF

Gaston Glock: Inventor of popular handgun dies aged 94

The Glock has been the weapon of choice for armed forces, gun owners and criminals around the world. from BBC News - Business https://ift.tt/SON9wLr

Architect of modern EU Jacques Delors dies aged 98

Delors helped create the single market, but his dreams of integration faced stiff UK opposition. from BBC News - Business https://ift.tt/gRKdbW4

Amazon Prime Video to have ads in UK from February

The "limited" ads will feature in content unless people pay £2.99 a month to remove them. from BBC News - Business https://ift.tt/ma3S9YN

Wolfgang Schäuble: Merkel's no-nonsense finance minister dies aged 81

Although never chancellor, Wolfgang Schäuble was one of Germany's most influential politicians. from BBC News - Business https://ift.tt/tlcOkNu

Firm develops jet fuel made entirely from human poo

Scientists have found a way to make jet fuel from human sewage and cut carbon emissions. from BBC News - Business https://ift.tt/KnZl9Ud

Apple seeks appeal after US allows smart watch import ban

Imports and sales of Apple's Series 9 and Ultra 2 watches in the US have halted over a patent dispute. from BBC News - Business https://ift.tt/HVtOLeT

Daihatsu pauses production over safety scandal

The Japanese carmaker admitted it had falsified safety tests for many of its vehicles. from BBC News - Business https://ift.tt/rKLaoM0

Maersk preparing to resume shipping through Red Sea

The announcement follows the deployment of an international military operation to prevent attacks on ships. from BBC News - Business https://ift.tt/QByOA5g

Tanker hit off India coast by drone from Iran, says US

Saturday's attack caused a fire on board the chemical tanker in the Indian Ocean, the US military says. from BBC News - Business https://ift.tt/RD53PYj

House prices to fall and rents to rise in 2024, forecasts suggest

While first-time buyers would welcome price falls, the other costs they face are likely to be higher. from BBC News - Business https://ift.tt/edPL6nY

Jim Ratcliffe: Who is the man buying Man Utd stake?

One of the UK's richest men, Sir Jim has built a multi-billion pound business by snapping up unloved assets. from BBC News - Business https://ift.tt/IZeD2Gj

Manchester United: Sir Jim Ratcliffe agrees deal to buy 25% stake for about £1.25bn

British billionaire Sir Jim Ratcliffe agrees a deal to buy a 25% stake in Manchester United from the Glazer family. from BBC News - Business https://ift.tt/4tHJ1Qy

High winds likely to add to Christmas Eve travel disruption

Weather warnings cover parts of the UK, with rail disruption expected from engineering works and staff shortages. from BBC News - Business https://ift.tt/ro8Cu5e

Hundreds turn out for pre-Christmas meat auction

The Smithfield Market's traditional event returned on Saturday for the first time since before the Covid pandemic. from BBC News - Business https://ift.tt/gD4karR

UK travel: Millions take to roads and rail ahead of Christmas

The AA warns of "lengthy jams" on the roads, while many rail services are starting to wind down. from BBC News - Business https://ift.tt/BbrpiTg

What went wrong at Smile Direct Club?

Customer demand diminished as questions dogged the company about its care. from BBC News - Business https://ift.tt/dLhXD1z

Tech Trends 2024: AI and electric vehicle deals

From an AI slowdown to humanoid robots doing real work - tech trends to watch out for in 2024. from BBC News - Business https://ift.tt/XSIKfeH

Airbus Atlantic: 700 staff sick after Christmas dinner

It is unclear what was on the menu for the festive feast turned nightmare before Christmas. from BBC News - Business https://ift.tt/lA4xU0e

Vet prices need to be made clearer, says Which?

The consumer body says it has found evidence of unclear fees and potential overtreatment by vets. from BBC News - Business https://ift.tt/vGkuhzH

UK economy at risk of recession after growth slows

Revised figures show the economy shrank between July and September this year. from BBC News - Business https://ift.tt/BHCrfJb

US Steel sale to Nippon must be probed on 'national security' grounds - Biden

Japanese steel giant Nippon this week announced plans to buy US Steel in a deal worth nearly $15bn. from BBC News - Business https://ift.tt/36MDVet

Temu shoppers risk buying items made by forced labour, MP warns

The Chinese online retailer with the slogan 'shop like a billionaire' faces questions over its ultra low prices. from BBC News - Business https://ift.tt/GZAmH1V

Starbucks blames 'misrepresentation' after Israel Gaza protests

Facing global boycott calls, boss Laxman Narasimhan says: "I pray for peace - immediately'. from BBC News - Business https://ift.tt/cDVxF2v

Public pay must reflect rises, ministers say

Government letters to pay review bodies say pay rises should be reflected when setting pay in 2024 from BBC News - Business https://ift.tt/h0Ai52V

Energy bills predicted to fall in April to £1,660

Analysts at Cornwall Insight say lower wholesale energy prices will reduce bills by £268. from BBC News - Business https://ift.tt/xMR8HcZ

Inflation falls to lowest level in over two years

Latest figures show the prices rose 3.9% in the year to November, down from 4.6% the month before. from BBC News - Business https://ift.tt/JMUgCjK

End of an era for electronics giant Toshiba

Scandal, near-bankruptcy and uncertainty have plagued the 148-year-old company for almost a decade. from BBC News - Business https://ift.tt/WT6gCfZ

Christmas dinner: How much will it cost this year?

The rising price of turkey has slowed, while the cost of mince pies are up by 25%. from BBC News - Business https://ift.tt/NYKRiud

Amazon to make Warhammer 40,000 shows and movies

The streaming platform will have exclusive rights to make content based on Game Workshop's popular brand. from BBC News - Business https://ift.tt/4QjwoeE

Green shipping corridors gaining momentum

Ports around the world are investing in green fuels to allow cargo ships to sail carbon-free. from BBC News - Business https://ift.tt/V6q5Zjf

Apple halts some Watch sales in the US

The move comes after the US found it violated patent rights of a smaller firm. from BBC News - Business https://ift.tt/ShO7ofI

The secret sauce for Taiwan's chip superstardom

How an island that exported t-shirts and sugar turned into the world's largest silicon chip factory. from BBC News - Business https://ift.tt/CbfrNsM

Network Rail manager for stranded passenger line quits

Passengers were stuck in cold and dark carriages for hours recently after overhead electric cables were damaged. from BBC News - Business https://ift.tt/0fMuCR9

Netflix: What the viewing figures actually tell us about viewing habits

The Night Agent and The Mother were among the streamer's biggest hits in the first half of 2023. from BBC News - Business https://ift.tt/DVB8caM

Homebuyers' stress over impact of CTS cyber-attack

Property completions were affected after the IT services provider was hit more than three weeks ago. from BBC News - Business https://ift.tt/IO8mXHq

More big shipping firms stop Red Sea routes after attacks

MSC, the world's largest shipping group, becomes the fourth company to divert ships following attacks. from BBC News - Business https://ift.tt/6FgZV9N

Tata Steel: Unions infighting grows ahead of jobs meeting

Community and the GMB are at loggerheads with Unite over a battle to save up to 3,000 jobs at Tata. from BBC News - Business https://ift.tt/LtdAIEU

Name that whale! How AI aces animal spotting

Artificial intelligence helps people identify what animals they are looking at and aids conservation. from BBC News - Business https://ift.tt/lZb9EwF

Driverless car firm Cruise to cut 900 jobs

The move comes as the company faces an investigation by regulators into the safety of its cars. from BBC News - Business https://ift.tt/guWDH6M

Etsy: Online retailer lays off 11% of staff to cut costs

CEO Josh Silverman tells staff the cuts are needed as sales have been "essentially flat" for two years. from BBC News - Business https://ift.tt/ukv85nY

Energy firms must help struggling customers under new rules

New Ofgem rules mean affordable payment plans and even repayment holidays will now be available. from BBC News - Business https://ift.tt/4P0zBEw

Federal Reserve signals rate cuts next year

The US central bank hints at 2024 rate cuts as it kept its key interest rate unchanged. from BBC News - Business https://ift.tt/TJmvWYH

Could there be a gold rush for buried hydrogen?

Many see hydrogen as the green fuel of the future so underground deposits of the gas could be valuable. from BBC News - Business https://ift.tt/jwx5Wmi

Thames Water says it can't pay back £190m loan

Thames Water boss tells MPs it doesn't have enough money to pay back a loan due in April next year. from BBC News - Business https://ift.tt/6tRCZAi

Scrabble maker Hasbro cuts more jobs

The maker of Transformers action figures and Monopoly will lay off about 1,100 workers globally - close to 20% of its staff. from BBC News - Business https://ift.tt/Ozdwlc2

Fortnite maker Epic Games wins case against Google Play Store

The ruling on anti-competitive practices deals a blow to a key part of Google's technology empire. from BBC News - Business https://ift.tt/iZg5K2l

The pro gamer who has to rely upon sound alone

How video games are continuing to become more accessible for people with impaired vision. from BBC News - Business https://ift.tt/z6DsHGr

Javier Milei: New president tells Argentina 'shock treatment' looms

The country's new far-right president vows to launch a radical economic programme as he is sworn in. from BBC News - Business https://ift.tt/seuhY1T

Smile Direct Club dentistry aligners firm shuts down

Best known for selling clear aligners remotely, it has shut down months after filing for bankruptcy. from BBC News - Business https://ift.tt/UFM1dbc

Gap between haves and have-nots widening, report warns

Report mentions stagnant wages and mental health issues, and says the gap widened in the pandemic. from BBC News - Business https://ift.tt/OKiC8QM

How Shohei Ohtani became Japan's biggest baseball export

His impact in the US surpasses that of all Japanese stars before him - and he now has a record $700m contract. from BBC News - Business https://ift.tt/gEXHYOQ

CosMc's: Curious customers flock to McDonald's new retro drinks brand

CosMc's, named after an obscure company mascot, is a bid for the speciality drinks market. from BBC News - Business https://ift.tt/XGeUySo

Elon Musk calls for firing of Disney chief Bob Iger in ad spat

It comes a week after the multi-billionaire launched a profane attack on advertisers that left X. from BBC News - Business https://ift.tt/vPV69oc

The people creating digital clones of themselves

Business leaders and experts are making online copies of themselves to answer the questions they get. from BBC News - Business https://ift.tt/C2jPQbN

Mobile firms face £3bn claim for overcharging

Lawsuit alleges Vodafone, EE, Three and O2 overcharged existing customers for their mobiles. from BBC News - Business https://ift.tt/kuJMAwn

ChatGPT builder helps create scam and hack campaigns

A cutting-edge tool from Open AI appears to be poorly moderated, allowing it to be abused by cyber-criminals. from BBC News - Business https://ift.tt/MGKx5LT

Tobacco giant sees sunset for US cigarette business

British American Tobacco said it could no longer value the business as if it had an infinite life. from BBC News - Business https://ift.tt/CvVEPMc

Meta is child abuse 'breeding ground', lawsuit claims

Facebook and Instagram are rife with child abuse, the New Mexico attorney general alleges. from BBC News - Business https://ift.tt/VRuaPcl

Investors cheer as Blackpink renew group contract

The K-pop girl band have been negotiating terms with YG Entertainment for months. from BBC News - Business https://ift.tt/vE3dVXb

What do employers expect staff to know about AI?

More and more jobs require employees to work with generative AI - but what does that mean? from BBC News - Business https://ift.tt/V5E80KA

Abercrombie & Fitch sued by ex-CEO facing sex trafficking claims

Mike Jeffries has taken legal action against the US retailer for refusing to cover his legal costs to defend the allegations. from BBC News - Business https://ift.tt/BlIwijb

Forest City: Inside Malaysia's Chinese-built 'ghost city'

Built during the Chinese property boom, Forest City is a stark reminder of the crisis in the sector today. from BBC News - Business https://ift.tt/3vhRjVg

Young-looking porn users may face extra age-checks

New draft guidance sets out how porn websites and apps should stop children viewing their content. from BBC News - Business https://ift.tt/TKFQp0W

Renting: Can bidding wars be stopped?

Intense competition for places to live is driving rents up and up, but is there hope for change? from BBC News - Business https://ift.tt/vfRgsFQ

Spotify to axe 1,500 workers to save costs

The music-streaming company says it is making people redundant to "rightsize" the firm. from BBC News - Business https://ift.tt/jDweYfv

Smart meters: Almost three million still not working

Customers face incorrect bills as 2.7 million smart meters fail to send automatic readings. from BBC News - Business https://ift.tt/Bqpkn8s

'Labour won't turn on spending taps' says Starmer

Sir Keir Starmer will say in a speech there will be "huge constraints" if Labour win power. from BBC News - Business https://ift.tt/5C2GwYq

Could X go bankrupt under Elon Musk?

Musk's profane attack on advertisers baffled experts - without adverts, how would X survive? from BBC News - Business https://ift.tt/5iDXpq3

Bankruptcy 'opportunity' after student loan crisis

Changes in the US are enticing more people to file bankruptcy to clear their student loans. from BBC News - Business https://ift.tt/kPwUx1I

Baby formula soaring costs: 'I struggle, but I won’t buy a cheaper brand'

Why struggling parents aren't choosing cheaper brands when it comes to infant formula milk. from BBC News - Business https://ift.tt/Xgc2DKm

'Covid and criminals ruined my Airbnb for cars idea'

A UK entrepreneur explains why his idea to build a car-sharing network like Airbnb didn't work out. from BBC News - Business https://ift.tt/kY75VOM

The T-shirt chewing enzyme ready to tackle plastic waste

A French start-up is ready to use an enzyme which can break down plastic on an industrial scale. from BBC News - Business https://ift.tt/U09kKa7

The job-sharing apps that feel like online dating

New website platforms are working like matchmakers to connect potential job sharers. from BBC News - Business https://ift.tt/PDiq2F4

Slick videos or more 'authentic' content? The Israel-Gaza battles raging on TikTok and X

Pro-Palestinian TikTok posts gain traction with Gen Z, while slicker Israeli content is popular on X. from BBC News - Business https://ift.tt/zIVt9fl