Thursday, January 31, 2019

Brexit: Third of UK businesses considering move abroad - survey

An Institute of Directors survey finds 29% of businesses are considering moving abroad after Brexit.

How Vaseline became a million dollar idea

The BBC's Aaron Heslehurst explains how Vaseline became a million dollar idea.

Don't turn a blind eye to hand car wash exploitation, say MPs

Ministers are urged not to "turn a blind eye" to modern slavery and environmental damage at hand car washes.

'My side hustle magic trick'

David Linacre works for a law firm by day but in his spare time he is also a professional magician.

China pledges 'tremendous' US soy purchases

US President Donald Trump celebrated the promise at the conclusion of a round of trade talks.

Amazon sparks fears with sales forecast

The online giant's shares fall over 2% in after-hours trading despite record Christmas sales.

Cherry tomatoes could cost 10% more 'within a week of Brexit'

The cost of cherry tomatoes would rise immediately if there is a no-deal Brexit, say Spanish producers.

Tomato prices 'may rise 10%' if there is a no-deal Brexit

Spanish growers warn that the price of their tomatoes in the UK may increase if there is a no-deal Brexit, due to tariffs and other increased costs.

Rutger Bregman: The Dutch historian who went viral

Rutger Bregman caught the world's attention as he spoke at the annual World Economic Forum, held in Davos.

'Big six' energy firm Npower to cut 900 jobs

The number of redundancies will be "considerably lower" because of natural turnover, Npower says.

When do people buy their first home?

Home ownership, what age people buy, and how much of their income is taken up by housing are revealed.

Brexit: Unilever stockpiles Ben & Jerry's and Magnum ice creams

Unilever says it is holding extra inventory of the ice cream bars in case of supply chain disruption.

UK, France and Germany create payments system to trade with Iran

The UK, Germany and France create a payment system to allow trade with Iran without breaching US sanctions.

Uber services suspended in Barcelona

The ride-hailing firm says new restrictions imposed by the Catalan government are to blame.

Brexit: Why Dutch fear no deal will leave onions to rot

The Netherlands' largest onion producer fears Brexit could leave her produce stuck in transit.

Equal pay: Asda loses appeal in court case

A court ruling means lower paid shop staff can compare themselves with higher paid warehouse workers.

AO World boss replaced by founder with 'immediate effect'

Steve Caunce will leave with "immediate effect" and is being replaced by founder John Roberts.

Italy in recession amid stagnant eurozone

Italy sees two quarters of negative growth as the eurozone expands by just 0.2% in the fourth quarter.

House price growth at near six-year low

The annual rise in house prices "almost ground to a complete halt" in January, the Nationwide says.

Seven out of 10 water firms fail bills test

Firms have to set out how they will cut water bills as part of the regulator's five-year review.

It's deadline day - can you handle the pressure?

Nearly two million people are estimated to have left it until the last minute to fill in their tax returns.

Wednesday, January 30, 2019

China's factory activity shrinks as slowdown worries rise

The data comes as several global firms warn China's slowing economy will hit their bottom line.

How has business been affected by Brexit so far?

With two months to go until the UK is due to leave the EU, how are firms and the UK economy faring?

MPs say fast fashion brands inaction on ethics is shocking

JD Sports, Sports Direct, TK Maxx, Amazon, Boohoo and Missguided must do more, say MPs.

Brexit: Car investment halves as industry hits 'red alert'

The UK industry's trade body warns of "permanent devastation" if Britain leaves the EU without a deal.

Haidilao: Robots staff China's top hotpot chain

Robot waiters and chefs form the future of hotpot chain Haidilao.

Facebook users continue to grow despite privacy scandals

The number of people who logged into the site at least once a month rose 9% last year.

Tesla reports profit as issues stabilise

The firm, which has routinely posted losses, reports a small profit for a second consecutive quarter.

Fed puts future rate rises on hold as pledges patience

The US central bank says it can "afford to wait" before making further interest rate rises.

Foxconn reconsiders Wisconsin factory plans

President Donald Trump had hailed Foxconn's investment as the start of a manufacturing revival.

Barclays shifts billions of pounds to Dublin because of Brexit

The High Street bank "cannot wait any longer" to shift business to Dublin because of Brexit.

Bosses' group head in abrupt departure

Stephen Martin has been director general of the Institute of Directors for less than two years.

Electric checks in rented homes confirmed by government

Landlords in England must organise a check every five years, mirroring rules already in place in Scotland.

DJI pledges painful action to tackle corruption

The world's bestselling drone-maker says it must tackle cases of employee theft.

Tonnes of chicken nuggets recalled in US

Tyson Foods has been forced to recall chicken nuggets after customers discovered pieces of soft blue rubber inside.

Brazil miner Vale cuts output as disaster death toll rises

Brazil's Vale to decommission dams as rescue operation continues for almost 300 people still missing.

Santander UK bank profits hit by uncertainty

Profits at the UK arm of the Spanish bank fall 14% due to an "uncertain operating environment".

The data that can save lives in rural Kenya

An app is helping healthcare workers in rural Kenya to collect data and improve their service to patients.

Credit card use squeezed over Christmas

Consumers paid back nearly as much as they borrowed in December as they played safe with credit cards.

Vale: The pride of Brazil becomes its most hated company

Can the country's mining giant Vale recover after its second major disaster in four years?

Carlos Ghosn says 'plot and treason' behind arrest

The ex-Nissan chairman says some executives were opposed to his plans for the Japanese carmaker.

Brexit: Firms speeding up no-deal plans, says CBI

A plan to renegotiate the UK's withdrawal deal "feels like a real throw of the dice", the CBI says.

Clydesdale Bank investors rebel over directors' pay

A third of Clydesdale and Yorkshire Bank investors vote against pay deals for the top executives.

Tuesday, January 29, 2019

Sacked and silenced for being pregnant

It's illegal but pregnant women are being fired and having to sign gagging orders to get compensation.

Will the US and China finally agree a trade deal?

Top trade official from both countries are meeting to try and defuse an escalating tariff war.

Shops in a box: The rise of shipping container retail parks

At least 13 food, retail or office complexes in shipping containers have opened in the past three years.

Apple iPhone sales in 'disappointing' fall

Revenue from the tech giant's signature iPhone fell 15% in the most recent quarter.

Treasury agency had role in controversial RBS unit GRG

The Asset Protection Agency influenced the strategy of controversial RBS unit GRG, the BBC has learnt.

Yahoo data breach payout blocked by judge

The judge is unhappy about the sum involved and the vagueness of promised cyber-security fixes.

Five arrested over Brazil dam collapse

The arrests follow the collapse of a dam in Brumadinho last Friday which killed at least 65 people.

Snow disruption: Is my boss expecting me at work?

Can employees refuse to work if they cannot travel to work or their children's school is closed?

George Fernandes: The man who threw out Coca-Cola and IBM from India

Veteran politician George Fernandes, India's defence minister during the Kargil conflict, dies.

Insolvencies 'highest for seven years'

Insolvencies, including bankruptcy, are the result of people facing unmanageable debts.

US firms seek changes to UK standards on beef and drugs

US trade lobby groups urge the UK to change standards to match their own for a post-Brexit trade deal.

Rail user satisfaction at 10-year low

Transport Focus says only four in five passengers are happy with their service, the lowest since 2008.

F1 chiefs have concerns over future

Formula 1's race organisers have expressed concerns over the future of the sport and demanded a more open approach from its owners.

Norwegian Air seeks cash injection

The budget airline's shares sink 16% as it plans to raise extra money to improve its finances.

Monday, January 28, 2019

Huawei: Will US charges sink the Chinese tech company?

The US Justice Department has filed criminal charges against Huawei - will this sink the Chinese telecoms giant?

Huawei denies wrongdoing after US criminal charges

The Chinese telecoms giant said it was "disappointed" by the US charges, which include theft and fraud.

Can a shift in shopping help Tesco beat the discounters?

Less people do a big weekly shop, but can the change help Tesco stop Aldi and Lidl?

Trade war: Firms look to new factories as tariffs bite

Industrial PC maker Advantech is one firm that plans to shift production out of China to combat the trade war.

Mike Ashley faces fine for late filing of accounts

A company run by Mike Ashley faces a fine from Companies House as it is six months late filing accounts.

US charges China's Huawei with fraud

Among the charges are accusations of fraud, obstruction of justice and theft of technology.

US hits 'corrupt' Venezuela oil firm PDVSA with sanctions

US puts sanctions on PDVSA and urges Venezuela's military to accept a peaceful power transfer.

Brumadinho dam: Anger grows towards Brazil mine firm Vale

Politicians say Vale SA must be held responsible for last week's disaster with hundreds feared dead.

Plastic or paper: Which bag is greener?

Morrisons will introduce paper bags, so are they better for the environment?

Oddbins prepares to appoint administrators

The owner of the off-licence blames Brexit as it prepares to appoint Duff & Phelps as administrators.

US shutdown cost $3bn, says Congressional Budget Office

The partial government shutdown will knock about 0.02% off GDP in 2019, says Congressional Budget Office.

Barclays boss was 'up at 2am' over bonus

Barclays banker Roger Jenkins discussed with colleagues a plan to raise money privately and avoid nationalisation.

Pension savers 'cash in, but lose out'

Plans to make financial choices clearer for pension savers are published by the regulator.

Victims lose £1m in pension scams

Warnings are repeated on how people's pension savings are being targeted.

Vale halts bonuses and dividend after dam deaths

Mining giant Vale curbs payouts as it begins to investigate the fatal dam breach in Brazil.

Tesco's unions seek talks amid fears of 15,000 job cuts

Unite warns of "worrying time" for staff as Tesco finalises restructuring that could involve job cuts.

China's economic slowdown explained

China's economic growth is slowing down. But what's really going on?

Ocado shares rise after M&S deal report

Ocado shares rise almost 7% after a report suggests it may agree a deal with Marks and Spencer.

Howard Schultz: Ex-Starbucks CEO considers presidential run

Howard Schultz says he is "seriously considering" running as an independent candidate for US president.

Sir Philip Green drops 'gagging' legal action

Top Shop boss drops effort to maintain gagging orders over accusations of sexual harassment.

Nissan says 'co-operating' with US probe

The carmaker has not provided more details on the inquiry reportedly about executive pay disclosures.

Sunday, January 27, 2019

Vogue Business: New title focuses on fashion industry

The launch of the digital title comes as the US media industry goes through another round of job cuts.

Hundreds of popular cars ‘at risk of keyless theft’

Consumer group Which? found the Ford Fiesta, VW Golf, Nissan Qashqai and Ford Focus were all at risk.

Plastic pollution: Morrisons to trial 20p paper bags

The retailer will also increase the price of its cheapest reusable plastic bag to 15p in the trial.

'Make yourself redundant every five years'

Guy Grainger from property and investment firm JLL says getting a successor in place every few years re-energises him for the next challenge.

US lifts sanctions on Putin ally's firms

The Trump administration lifts curbs on firms linked to Oleg Deripaska, despite objections from Democrats.

Brumadinho: Search for survivors resumes after second Brazil dam alert

The rescue effort was delayed for hours amid evacuations because of a warning of a second dam burst.

Venezuela crisis: Will the US target oil exports?

Washington is trying to cripple President Maduro's government but is yet to sanction its key oil exports.

Tesco warns of 'changes' amid reports of jobs cuts

The grocer tells staff it will make 'changes' to stores after a report that thousands of jobs may be cut.

Mental health: UK could ban social media over suicide images, minister warns

It comes after the father of 14-year-old Molly Russell blamed Instagram recommendations for her death.

Wetherspoons boss: The no-deal Brexit bar crawl with Tim Martin

Wetherspoons boss Tim Martin is touring 100 of his pubs, campaigning for a no-deal Brexit.

Hedge fund ends £1.6m Booker sponsorship

Man Group's decision to quit the prestigious literary prize comes amid talk of strained relations.

Saturday, January 26, 2019

Who was the mysterious Madame Valerie?

The founder of Patisserie Valerie has left little trace and may not even exist.

Google's Brain Team: What does it do?

Tech firms hope better artificial intelligence will mean more compelling products.

UK's 'highest taxpayers' revealed in first-ever Sunday Times list

The Sunday Times names businessman Stephen Rubin and his family as the top taxpayers in the UK.

UK cyber-crime victims lose £190,000 a day

Police agency Action Fraud said money lost by victims increased by 24% over a six-month period.

Venezuela: All you need to know about the crisis in seven charts

Discontent fuelled by hyperinflation, power cuts and food and medicine shortages have led to a political crisis in Venezuela. What's going on?

Friday, January 25, 2019

'Millions' of fake cigarettes seized in UK

Councils last year found fake and untaxed cigarettes hidden in shop walls and toilet cisterns.

High Street crisis: Can 'click and collect' save shops?

High Street shops are rethinking their strategy to keep up with click-and-collect demand.

US shutdown: Four reasons why Trump blinked

The seriousness of the shutdown was starting to show.

'200 missing' in Brazil as Vale dam fails

Local officials say rescue teams have been dispatched in the south-east state of Minas Gerais.

US shutdown: Flights halted into New York airport

Flights are halted into LaGuardia Airport as a government shutdown causes staffing shortages.

Facebook to integrate WhatsApp, Instagram and Messenger

Facebook plans to integrate its messaging services on Instagram, WhatsApp and Facebook Messenger.

Edinburgh-based energy supplier Our Power folds

Our Power ceases to trade with regulator Ofgem saying the interests of its customers will be protected.

Thousands tell HMRC to delete voice data

The tax authority collected voice data over the phone and originally gave people no way to opt out.

Vodafone puts Huawei rollout in core networks on hold

The mobile operator "pauses' deployment of Huawei equipment in its core networks in Europe.

Haggis producer Macsween plans for Brexit fallout

Macsween, Scotland's largest haggis maker, plans to make sure the dish continues to be made.

Brexit: 'Significant disruption' from no deal, says chancellor

The chancellor warns the UK economy would suffer in a no deal Brexit - in the short and long term.

Brexit: How many trade deals has the UK done?

The UK says it want to replicate the EU's trade agreements "as far as possible".

London Pride beers sold to Japanese firm

London-based brewer Fuller's is selling its beer and cider business to Asahi of Japan for £250m.

The mystery tracks being 'forced' on your Spotify

Mysterious musicians have cropped up on Spotify accounts. How did they get there - and do they point to a security problem?

Thursday, January 24, 2019

Asics to turn used clothing into Japan's Olympic uniforms

The global fashion industry is under increasing pressure to make clothing more sustainable.

Microsoft's Bing search engine restored in China

The firm said its site in China was now accessible after an outage raised concerns it had been censored.

How balloons became a million dollar idea

The BBC's Aaron Heslehurst explains how balloons became a million dollar idea.

Taking work-life balance to the extremes

Marion and Alex tour the world with their son teaching and performing hair-raising acrobatic tricks.

Textile sector "rife" with exploitation and underpayment

Latest HMRC figures on failure to pay the minimum wage spark concerns of "fear and intimidation".

Could dancing pandas persuade you to buy new sports shoes?

How retailers are trying to make in-store shopping more exciting and fun with interactive experiences.