Wednesday, September 30, 2020

US bans Malaysian palm oil producer over forced labour

Malaysia's FGV Holdings says it has taken "concrete steps" to improve its labour standards.

Technical glitch halts trading on Japan's exchanges

Stock markets in Tokyo and other cities suffered suspended trading on Thursday.

Job loss fears as furlough lifeline starts to wind down

Firms face higher furlough costs from Thursday, as Labour warns millions of jobs hang in the balance.

Bank warned ministers Covid loans were fraud risk

The government was told in May its bounce back loans were at "very high risk of fraud" from organised crime.

How controversial data firm Palantir hit $22bn

The rise of the US tech company has been shadowed by concerns about privacy and surveillance.

'I worked a five hour shift and got paid nothing'

A 19-year-old woman begins a campaign to ban unpaid work trials after working a shift for no pay.

Start with clients 'at the bottom of the fishtank'

Recruitment boss Richard Spencer-Percival says "start off at the bottom with your clients, then you can pick off the big game".

Google Pixel phone 'designed for economic downturn'

The Pixel 5 loses several headline features of last year's flagship phone to hit a lower price tag.

Work and Money: How do I pick an 'apocalypse-proof' career?

Listen to the latest Work Your Money – business and money advice podcast.

Thousands have been waiting months for holiday refunds

"They've got your money and are not passing it on". Thousands have been waiting for holiday refunds.

Ex-Audi boss stands trial over 'dieselgate' scandal in Germany

Rupert Stadler is the first first top executive to stand trial over the 2015 emissions-cheating scandal.

'Chicken Licken' views will hold us back, says Bank economist

The Bank of England's Andy Haldane says now is not the time for pessimism about the UK's recovery.

Fuller's pub chain boss warns of 10% job cuts

The government's decision to encourage people to work from home will hit its city-centre pubs.

Ocado overtakes Tesco as most valuable UK retailer

Online grocery delivery firm's stock market valuation beats Tesco's as the Covid crisis continues.

Kylie Jenner's make-up firm warns of Shopify data breach

Customers names, addresses, emails and the last four digits of credit cards were among data stolen.

TSB to close a third of branches and cut 900 jobs

The bank will shut 164 branches, adding to the 82 earmarked for closure in November.

Boohoo profit soars despite factory conditions row

Half-year profits rise 51% as the firm pledges to address issues over pay and working conditions.

Strong recovery in UK housing market, says Nationwide

Annual house price growth of 5% in September was the result of post-lockdown demand, Nationwide says.

Shell to cut up to 9,000 jobs as oil demand slumps

The move comes five months after it cut its dividend for the first time since World War Two.

William Hill agrees $2.9bn takeover by Caesars Palace-owner

Owner of the famed Las Vegas casino set to acquire the UK firm after takeover battle.

Hydrogen-powered train makes UK maiden journey

The Hydroflex made a 25-mile round-trip in Warwickshire, reaching speeds of up to 50 mph.

Tuesday, September 29, 2020

Brexit: Blow to UK car industry in search for EU deal

Documents seen by the BBC suggest key priorities for the car sector have been rebuffed by Brussels.

UK beef exports to US resume after more than 20 years

The US banned British beef exports in the wake of the Mad Cow Disease scandal in the 1990s.

Disney lays off 28,000 at US theme parks

Prolonged closures and limited capacity at the parks has forced the company to cut its workforce.

Extra facility opened for planes grounded by Covid-19

Analysts say it's an indication of more trouble ahead for the struggling airline industry

Extra facility opened for planes grounded by Covid-19

Analysts say it's an indication of more trouble ahead for the struggling airline industry

'The new Covid support for business is nuts'

Dejection over latest government help for business has left many small firms fearing for their futures.

Universal Credit: Plea not to axe £20 a week ‘lifeline’

The Joseph Rowntree Foundation calls on the chancellor to extend an increase to Universal Credit.

'If you steal music, you aren't a real music fan'

The music industry is trying to clamp down on the latest form of music piracy known as stream-ripping.

Coronavirus: Hundreds of thousands of airline jobs at risk, warns industry body

A body representing 290 airlines warns it will be 2024 before air traffic reaches pre-pandemic levels.

Ex-Sainsbury's boss takes key NHS Test and Trace job

Mike Coupe takes over as director of Covid-19 testing amid heavy criticism of the operation.

Love turns to hate as LVMH sues 'dismal' Tiffany

The Louis Vuitton-owner claims jeweller Tiffany is no longer the business it agreed to buy last November.

Foreign butchers and bricklayers 'needed in UK'

Shortages in social care staff are also highlighted in a report from government migration advisers.

Amazon One: Palm scanner launched for 'secure' payments

The tech giant says its system could be used to scan into shops, offices or stadiums.

Rio Tinto: Mining giant accused of poisoning rivers in Papua New Guinea

More than 150 people in Bougainville have filed a complaint against the embattled Rio Tinto company.

B&M discount chain to open up to 45 stores

The discount chain says sales soared during the coronavirus lockdown.

Tesco aims to boost vegan food sales by 300%

The retailer targets huge rise in meat alternative sales by 2025 as part of a sustainability drive.

Nokia clinches 5G deal with BT to replace Huawei in EE network

The Finnish firm will become the largest provider of base stations and antennas to EE's network.

Greggs hints at job cuts as furlough scheme ends

The baker is consulting with its 25,000 staff to minimise cuts by putting people on fewer hours.

First-time buyers: 'Mortgages are so inaccessible now'

As lenders ask for higher deposits, first-time buyers say how difficult it is to get a mortgage now.

Monday, September 28, 2020

Coronavirus: Early pub closing 'putting shop workers at risk'

Staff in stores selling alcohol after 10pm may be exposed to violence and infection, a union warns.

Young people ‘give up dream job hope’ in pandemic

The coronavirus crisis has eroded young people's confidence in the future, says the Prince's Trust.

BTS to become multi-millionaires after label goes public

The South Korean K-pop group will become multi-millionaires after their label Big Hit goes public.

Coronavirus: Public spending rise could be lasting

The government must choose between more austerity and permanently higher spending, a think tank warns.

'I monitor my staff with software that takes screenshots'

Many have struggled to get to grips with working from home, but would surveillance technology help?

The woman who quit smoking and built a global hypnotherapy firm

Grace Smith used hypnosis to give up smoking, and it inspired her to take up the profession.

Bank deputy governor warns against negative interest rates

Sir Dave Ramsden said the central bank was not likely to use negative rates 'imminently'.

Covid: Adults without A-levels to be offered free college courses

The government offer will be available from April and aims to support jobseekers during the pandemic.

Asda: Blackburn brothers edge ahead in race to buy supermarket

The Issa brothers and TDR Capital are the preferred bidders to buy the UK supermarket chain from Walmart.

US squeezes China's biggest chip-maker SMIC

The commerce department writes to suppliers, warning of risks linked to the Chinese military.

Fashion brands design 'waist-up' clothing for video calls

Milan Fashion Week saw designers showcasing logos on necklines and statement jewellery.

Uber secures right to continue operating in London

A court renews the ride-hailing giant's London licence despite previous safety concerns.

William Hill: Caesars Palace-owner in 'advanced' talks over £2.9bn offer

Owner of the famed Las Vegas casino reveals its hand as one of two possible bidders for the UK firm.

Aldi looks at online move as shopping habits change

The pandemic hasn’t been easy for the discounters with no online food. Could Aldi go digital?

Sunday, September 27, 2020

Brexit: Gove heads to Brussels as EU trade talks resume

Cabinet Office minister Michael Gove will meet EU representatives at the start of a week of negotiations.

TikTok: US judge halts app store ban

District Judge Carl Nichols has issued a temporary injunction preventing a ban on TikTok downloads.

Donald Trump 'paid $750 in federal income taxes in 2016' - New York Times

The New York Times says the president paid no income tax at all in 10 of the last 15 years.

Movers 'more likely to buy than first-time buyers'

The coronavirus crisis is changing the dynamic in the UK housing market, researchers suggest.

High Street hopefuls: The people opening new shops

The entrepreneurs opening High Street businesses during Covid when others have closed or gone digital.

Local food heroes: Tesco teams up with Olio

Supermarket chain Tesco has teamed up with the food-sharing app Olio in a bid to reduce food waste.

'One day everyone will use China's digital currency'

China plans a digital version of its currency, which some say could become a big global payment system.

Coronavirus: 'My name was used to steal a government Covid loan'

Criminals are targeting loans designed to help small firms stay afloat in the coronavirus pandemic.

Coronavirus: David Lammy warns that people are 'bubbling out of pubs' due to curfew

Shadow justice secretary David Lammy says drinkers are likely to continue their night together at home.

Negative interest rates: Bank of England policymaker defends plan

Silvana Tenreyro said evidence from countries that have introduced the policy was “encouraging”.

Saturday, September 26, 2020

Brexit trade talks: Deal can and must be made, says CBI boss

The head of the Confederation of British Industry urges a "spirit of compromise" as trade talks resume.

My Money: 'Hollie thinks she spent less than me'

Jay and Hollie from Liverpool take us through their week's spending.

Friday, September 25, 2020

EasyJet 'hanging by a thread', says union official

The airline disputes the claims made in a leaked recording obtained by the BBC.

Coronavirus: Shoppers lost £100m in vouchers expiring in lockdown - Which?

A quarter of people had vouchers that expired when shops were shut, a survey by Which? suggests.

Singapore in world first for facial verification

The technology is being rolled out countrywide as part of Singapore's national identity scheme.

Thomas Cook staff: Redundant twice in a year

A year on from the firm’s collapse, many staff are still out of work while others have set up businesses.

Contact-tracing app: First version worked on more phones

The first version of the NHS England and Wales app was trialled on the Isle of Wight.

William Hill: Takeover battle looms for UK bookmaker

Shares in the betting giant jump by a third after it says it has received two rival bid approaches.

European Commission to challenge Apple tax bill verdict

EU court ruling that the tech giant does not have to pay hefty back taxes to Ireland goes back to court.

Covid-19: What has it meant for the 'busiest' trains?

Data for autumn 2019 shows 22% of passengers into London were standing. That was before Covid-19 struck.

Tesco joins Morrisons to limit sales of some items

Limits on loo roll and flour are back as supermarkets act to prevent a repeat of March's panic buying.

Coronavirus: Working from home 'costs central London £2.3bn'

More than £500m per month was lost to businesses who rely on office workers, research suggests.

Cardinal Becciu: Vatican official resigns unexpectedly

Cardinal Becciu has left his post and given up his rights as cardinal, the Holy See has confirmed.

Job Support Scheme will make 'zero difference' to restaurants

A restaurant boss says the chancellor's new jobs scheme will do nothing to protect his staff.

UK borrowing soars in August as Covid costs mount

Public borrowing hit £35.9bn last month as the pandemic forces the government to borrow more money.

Thursday, September 24, 2020

Ford Bridgend closure: 'Journey into the unknown'

Bridgend contemplates its future as the car maker ends production after 40 years.

Covid: Uncertainty as industries miss out on job support

The chancellor's new wage top-up scheme to replace furlough is aimed at protecting "viable" roles.

Harley-Davidson to exit world's biggest bike market

The iconic motorcycle company is pulling out of India as it struggles to sell its two-wheelers.

Jobs Support Scheme: How is furlough changing?

The government has announced a job support scheme for when furlough ends.

Chancellor Rishi Sunak on Job Support Scheme and helping UK workers

The chancellor says it is "impossible" to predict the jobs market due to the coronavirus pandemic.

Shoppers could pay more after no-deal Brexit

Tariffs could add £3bn to the cost of importing food and drink from the EU, a leading retail body warns.

'Shop early for Christmas or risk losing out'

With three months to go before the big day, online retailers warn shoppers need to buy early this year.

How much gold is there left to mine in the world?

Some experts believe we may have hit "peak gold" production in our pursuit of the precious metal.

Covid: Morrisons limits sales of disinfectant and toilet rolls

The supermarket chain restricts sales of some ranges, including toilet rolls and disinfectants.

Coronavirus: What help are self-employed getting from government?

What is being done for the five million self-employed people in the UK facing a sudden loss of income?

Rishi Sunak defends emergency jobs scheme

Wages will be topped up for six months, but chancellor says it is "impossible " to say how many jobs will be saved.

Rishi Sunak's post-furlough plan: At-a-glance

The chancellor sets out plans to protect jobs over the winter. Here's what you need to know.

Rishi Sunak unveils emergency jobs scheme

The government and firms will top up workers' wages, helping cover up to 77% of their hours for next six months.

Rishi Sunak: VAT cut to be extended for hospitality sector

The chancellor has announced that a VAT cut to 5% across hospitality and tourism will be extended.

Fraudsters 'caught me in a spider's web'

Banks warn that fraudsters are gathering personal details by exploiting the coronavirus crisis.

Cineworld swings to huge loss after virus closures

The cinema chain warns it may need to raise more money in the event of further coronavirus restrictions.

China’s new richest person is a bottled water tycoon

Zhong Shanshan’s net worth reached $58.7bn thanks to his water and vaccine firms.

Wednesday, September 23, 2020

Trump: Major carmakers sue US government over China tax

Tesla, Ford and Mercedes-Benz object to the Trump administration's import duties on Chinese parts.

Westpac bank to pay record Australian fine over laundering breaches

Westpac failed to adequately report 19 million transactions, some allegedly linked to child exploitation.

Low tax on heating is bad for climate, report says

The rich benefit most from a de facto subsidy for home heating, a report says.

Covid-19: Sunak set to unveil emergency jobs scheme

The chancellor is expected to announce new measures to replace the furlough scheme which expires next month.

Many firms 'have not considered Brexit effect'

Only half of UK firms that trade internationally have assessed the impact of Brexit, says a business group.

Top food brands lack green packaging, says Which?

Pringles, Cadbury and Babybel are among big names that failed the Which? recycling test.

'My bank is shutting my account because of Brexit'

Thousands of British expats living in the EU have been told their bank accounts are being closed.

Brexit: Why is it so hard to reach a deal?

Time is running out to reach a Brexit deal - what are the obstacles?

Brexit: Seven things changing in January and others that remain unresolved

The UK's future relationship with the EU remains uncertain - but some things will be different in 2021.

Brexit: All you need to know about the UK leaving the EU

A simple guide on the UK leaving the European Union.

Wells Fargo's Charles Scharf apologises over race comments

The head of the US bank apologises for an "insensitive comment reflecting my own unconscious bias".

Coronavirus: Autumn Budget to be scrapped this year

The Treasury says "now is not the right time to outline long-term plans".

Uncle Ben's rice changes name to more 'equitable' brand

Products will be labelled Ben's Original and will no longer show the bow-tied black man on packaging.

McDonald's and Pret 'not included' in new table service rules

The government has clarified new guidelines designed to slow the spread of coronavirus.

Asda to crack down on shoppers without face masks

Its staff will soon offer customers disposable face masks to be paid for at the end of their trip.

Sunak weighs up new worker pay subsidy scheme

Options to replace the furlough scheme are understood to include a German-style wage top-up system.

Does BlackRock have the world's toughest rules on romance?

It's not just the workplace flings, BlackRock wants to know who you are dating outside the office too.

Upper Crust owner: 'Demand for travel will return'

SSP sales are 76% down with about two-thirds of its outlets closed across the group.

Tuesday, September 22, 2020

Brexit letter warns of 7,000-truck queues in Kent

Exporters to the EU face two-day delays to trade after transition period ends, a cabinet minister warns.

Nike expects permanent shift to online sales

The sportswear giant has seen digital sales soar and says few customers will revert back to stores.

Musk: $25,000 Tesla ready "in about three years"

Tesla's founder says new ways to make more efficient batteries will drive down the price of electric cars.

Cashback without buying anything among new trials

A financial hub in a church and drop-and-go deposit points are also tested as ways to help cash-stricken areas.

'It’s OK to make losses early on'

The co-founder of Beans Coffee Club says it’s OK to make losses when you start your business, but make sure it’s money you can afford to lose.

'Lack of investment' behind delayed court cases

Court cases face serious delays in the UK and lawyers say more investment in technology would help.

Bank of England boss calls for furlough 'rethink'

Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.

Coronavirus: Work-at-home change 'will have devastating impact'

Business groups warn that the government's new stance "risks derailing an already fragile recovery".

Kingfisher to hand back £23m of UK furlough cash

The B&Q owner's profits soar after home improvements boom during the coronavirus lockdown.

Coronavirus economy: The 'banker ladies' saving friends from debt

Amid a pandemic and economic crisis, minority communities turn to traditional saving methods to help.

Early closing 'absolutely devastating' for some pubs and restaurants

The 10pm curfew will make some venues unprofitable and cost jobs, the industry warns.

Coronavirus: Work from home 'if you can', Michael Gove says

Cabinet minister Michael Gove says the message for England is changing as infections surge.

FinCEN: Why gold in your phone could be funding drug gangs

Gold from a refiner used by criminals to launder drug money has entered supply chains for smartphones and cars.

Whitbread to cut 6,000 jobs as hotel demand slumps

The owner of Premier Inns has warned that almost 20% of its workers could be laid off.

'Radical' shake-up of home and motor insurance

Anyone renewing home or motor insurance should pay no more than a new customer, says the FCA.

Monday, September 21, 2020

Asian stock markets continue the global fallout

Australian shares were among the hardest hit in the region falling to a three-month low.

TikTok deal under new threat as Trump insists on total US control

The US president says he will not approve the deal if Chinese company Bytedance remains involved.

Wigs: A new fashion trend for black men?

A start-up in London called New Fade is on a mission to make wigs cool, with a focus on young, black men.

Covid: Pubs and restaurants in England to have 10pm closing times

Hospitality venues will also be restricted to table service as part of new measures to tackle coronavirus.

The black-owned coffee firm that became a bestseller

US firm Blk & Bold has seen sales surge this year on the back of the Black Lives Matter movement.

GE: Industrial giant will stop building coal-fired power plants

In a dramatic reversal, one of the world's biggest makers of coal-fired plants will exit the market.

Airbus looks to the future with hydrogen planes

The aerospace giant said its hydrogen-fuelled passenger planes could be in service by 2035.

Microsoft acquires Fallout creator Bethesda

Xbox's owner confirms it has bought the game developer ahead of the launch of the new Xbox console.

Premium Bonds issuer slashes odds of winning

NS&I has cut the interest rates it pays, reducing the chances for savers in its £1m draw.

'Mythical' Aston Martin Bulldog supercar being restored

Only one Bulldog was ever built but it was sold by the company 40 years ago to raise cash.

Coronavirus: Lockdown fears send shares reeling

Top European shares fall sharply amid fears that a new wave of coronavirus cases will blight economies.

FinCEN Files: What are Suspicious Activity Reports?

The FinCEN Files include reports which banks make when they suspect their clients are up to no good.

Emergency measures to help train firms survive extended

New deals will cover the losses of rail companies for another 18 months as passenger numbers stay low.

Sunday, September 20, 2020

HSBC's shares dive to lowest level since 1995 in HK

The UK bank's Asian valuation suffers its biggest slump for decades, after money laundering allegations.

Renters: Eviction cases resume after six-month ban

Tenants must be given six months' notice as courts in England and Wales start to hear the most serious cases.

Coronavirus: UK firms voluntarily return £215m in furlough cash

Over 80,000 firms have returned furlough scheme payments they did not need or took in error.

Ending VAT-free shopping 'will hit UK tourism and retail'

Plan to end VAT-free shopping for international visitors could cost 70,000 jobs, say retail and travel firms.

'They used my picture and I should've got paid for it'

Some call them copyright trolls, but these companies say they defend photographers' rights.

FinCEN Files: HSBC moved Ponzi scheme millions despite warning

The transfers took place after officials were told of the $80m fraud, the secret files reveal.

WeChat: Judge blocks US attempts to ban downloads of Chinese app

The ban on the Chinese-owned messaging and payments apps was to come in on Sunday night.

Coronavirus: Rolls-Royce considers tapping investors for £2.5bn

The jet engine-maker is reportedly in talks with sovereign wealth funds to raise money.

Gore-Tex: Inventor of waterproof fabric Robert Gore dies aged 83

Robert W. Gore's invention has been used in space suits, guitar springs and waterproof jackets.

Butlins: 1,000 jobs at risk when furlough ends

The holiday camp firm expects workers to take paid or unpaid leave once the government scheme ends.

Saturday, September 19, 2020

TikTok: Trump says Oracle deal for video app 'has my blessing'

The president says the bid by Oracle and Walmart would protect the data of TikTok users in the US.

British Airways accused of snubbing refund request

A passenger is told she had accepted vouchers, although BA's website did not list them as an option.

'I still spend so much time on the kids - that needs to change'

Sarah Dahia from Australia takes us through her week during the coronavirus pandemic.

Friday, September 18, 2020

‘Another lockdown would be disastrous for our business’

Restaurants and pubs are concerned new coronavirus restrictions could spell the end of their businesses.

Admiral boss gives staff £10m as retirement farewell

"Saying thank you to all Admiral staff in this way is the right thing to do," says David Stevens.

Jo Malone denounces her former brand's John Boyega decision

The British perfumer says removing actor John Boyega from his own advert was "utterly despicable".

TikTok and WeChat: US to ban app downloads in 48 hours

The ban on downloading the apps in the US takes effect on Sunday unless President Trump intervenes.

Liam Fox still in running for WTO chief as race narrows

The ex-international trade secretary is in the final five for World Trade Organization job.

Brexit: Hauliers' meeting with Michael Gove 'a washout'

The Road Haulage Association says there was "no clarity" on border checks after the transition period.

UK DIY sales soar but clothing stores fall behind

Retail sales volumes in August continued to climb, but a mixed picture has emerged between sectors.

Thursday, September 17, 2020

Thomas Cook's Chinese owner sees sunny horizons

Fosun has plans for concept stores, new resorts and a lifestyle platform for the travel brands it owns.

Rail nationalisations may be coming down the track

Control of certain struggling franchises could be handed back to the government, sources say.

No new 2p or £2 coins to be made for 10 years

Coin mountains in storage mean The Royal Mint has no plans to produce any more for a decade.

Coronavirus: Singapore and Thailand added to England's 'quarantine-free' list

But those coming from Slovenia and Guadeloupe to England and Scotland will now have to quarantine.

'For me whale meat is my childhood, my memories'

Sales of whale meat rise in Norway, helped by more Norwegians going on staycations.

How e-commerce is exploding in South Africa

E-commerce has been one sector that has boomed in South Africa during the pandemic.

Nearly two-thirds of adults commuting again, says ONS

Some 62% said they were going back to the workplace, according to the Office for National Statistics.

Tom Watson hired by gambling giant Paddy Power as adviser

Labour's former deputy leader - who has campaigned for tougher gambling laws - joins Paddy Power owner.

Lionel Messi wins fight to trademark his logo

The European Union's highest court rules in favour of the footballer after a nine-year legal battle.

Rising virus rates threaten economy, says Bank

Bank of England says Brexit is another risk as it keeps interest rates at historic low.

Michael Jordan: NBA icon's basketball shoes' place in a booming new global market

Sneaker collectors are enjoying a boom time that looks only set to grow. It all started 35 years ago with the Air Jordan 1s.

Premium Bonds: End is nigh for prizes on the doormat

Prizes will not be sent through the post from March, NS&I announces, but paid directly to bank accounts.

China debt dogs Maldives' 'bridge to prosperity'

After borrowing vast sums for infrastructure projects, can the tiny island nation pay it back?

John Lewis scraps bonus for first time since 1953

The partnership posted a £55m loss in the six months to 25 July as costs soared during the pandemic.

Co-op sales rise as shoppers stay closer to home

The grocery chain announces in its half-year results that food sales have increased by 8.8%.

Next says sales 'more resilient than expected'

The clothing retailer saw sales fall 34% as the coronavirus pandemic closed stores.

Wednesday, September 16, 2020

Covid pushes New Zealand into worst recession in years

The country saw early success in keeping out the virus, but strict measures have taken a toll.

Teens with mental disabilities locked out of savings

Tens of thousands of children with mental disabilities are unable to access their savings when they turn 18.

Revenge porn 'new normal' after cases surge in lockdown

Cases of revenge porn have risen by a fifth this year, with lockdown to blame, say campaigners.

PlayStation 5 matches the price of the Xbox Series X

Sony opts not to undercut its rival this time round but instead will rely on exclusives to woo gamers.

Business rent holiday extension 'will hit pension schemes'

The extension of measures to protect firms will hit pensions, savings, and lenders, say landlords.

Fed vows prolonged economic support for US

The head of the US central bank says interest rates could be near zero for at least three years.

Cladding red tape 'stops people selling homes'

Many lenders want proof the cladding is safe but leaseholders say the paperwork is hard to get hold of.

Coronavirus: Hit to global economy 'will be less than expected' in 2020

The OECD now forecasts a decline of 4.5% in 2020, but says the damage will still be "unprecedented".

Boeing's 'culture of concealment' to blame for 737 crashes

The firm hid details from the regulator and pilots which led to two fatal crashes, report finds.

BA boss: Firing and rehiring staff 'off the table'

British Airways boss Alex Crux says there is now no need to move cabin crew onto inferior contracts.

Iceland challenges supermarket rivals to publish 'plastic footprint'

The frozen-food chain publishes its own packaging record to encourage progress on sustainability.

Coronavirus: Tui to clear refund backlog by end of September

Thousands of people complained to the competition watchdog after waiting for coronavirus-related refunds.

Singapore becomes hub for Chinese tech amid US tensions

Technology firms Tencent and Alibaba are among those expanding operations amid US-China tensions.

Coronavirus: How we faced redundancy in lockdown

Young people are losing more jobs than any other age group - Newsbeat has been speaking to some of them.

Tuesday, September 15, 2020

Eating out scheme pushes down August inflation

The UK's inflation rate fell to 0.2% in August as Eat Out to Help Out scheme pushed down restaurant prices, figures show..

Child power pushes Lego to ditch plastic bags

Lego and supermarket chain Iceland become the latest companies to make sustainability pledges.

Brexit freight system 'will be ready on time'

The government says a beta version will be ready when the new arrangements begin on 1 January.

CEO Secrets: 'We gave staff shares, not salaries'

The start-up that paid its staff in shares instead of salaries.

Teen entrepreneurs’ top business tips

Two young businessmen who started their ventures when they were at school share their advice on how to sustain your business during the pandemic.

When changing a light bulb is a really big deal

Lighthouses have been upgrading to more efficient LED lights, but for some that is a step too far.

'Redundancy floodgates will open' says Unite union

Unite warns of a 'miserable Christmas' for workers without an extension of government jobs support.

Thomas Cook: 'I wish the business well'

As Thomas Cook relaunches online a year after its collapse, we ask former staff their reaction.

US backs off Canadian aluminium tariffs

Canada, which had been due to unveil retaliation measures, said "common sense" had prevailed.

Apple Fitness+ subscription service unveiled alongside Series 6 Watch

The tech firm also showed off new smartwatches with blood-oxygen sensors and new iPads.

Coronavirus: I got a job after 280 rejections

After being made redundant in lockdown, Hannah tells Radio 1 Newsbeat about her job hunting journey

US China tariffs 'inconsistent' with trade rules says WTO

The US did not justify its decision to raise border taxes on Chinese goods, the World Trade Organization says.

Rishi Sunak: New ways to support jobs 'my priority'

Chancellor Rishi Sunak says he is looking for "creative" solutions as unemployment hits a two-year high.

New Look wins backing for turnover-linked rents

The deal secures 11,000 jobs, but the British Property Federation has criticised the retailer.

Wylfa: Hitachi 'withdraws' from nuclear project

The Japanese firm is pulling out of the stalled £15-£20bn power plant scheme, Anglesey council says.

'I've applied for 100 jobs and not got an interview'

People looking for work during the coronavirus pandemic tell BBC Scotland about their experiences.

Small firms thrown lifeline in insurance test case ruling

The High Court has ruled some insurers should have paid out for losses caused by lockdown.

Women lose state pension age appeal against government

Two women affected by changes to the state pension age lose their appeal against the government.

Warwickshire firm that made the 2012 Olympic Games torch goes bust

The West Midlands car parts firm blames conditions in the automotive sector and Covid-19.

Young people hit as unemployment rate rises

The number of people aged between 16-24 out of work rose in the three months to July.

Ocado sales surge amid shift to online shopping

Sales at the online grocer, which partners with M&S, jumped 50% in the third quarter of the year.

Monday, September 14, 2020

Asia sees first regional recession in 60 years

The region's economy will shrink 0.7% in 2020 but rebound next year, says the Asian Development Bank.

Taxpayers' bad loan bill shrinks to 'only' £20bn

Taxpayers will have guaranteed nearly £70bn in loans to UK firms by March 2021, according to TheCityUK.

TikTok: YouTube launches rival to be tested in India

India was TikTok's largest overseas market before the social media app was banned there in June.

Coronavirus: The women who started businesses in lockdown

Young entrepreneurs explain how they changed tack during the pandemic and started their own firms.

Coronavirus: The family hit hard by unemployment

All the adults in the Coombes family from Liverpool have lost jobs due to coronavirus.

Coronavirus: How do I find a new job and which sectors are hiring?

Jobseekers are having a tough time at the moment but support is available.

Coronavirus: Could UK adopt German pay top-up scheme?

Instead of inventing a job support scheme for the pandemic, Germany already had one oven-ready.

Social mobility: ‘When we set up a tech firm in Sheffield people laughed’

The Social Mobility Commission is demanding that more is done to boost children's chances.

Unison: Care workers who made £4 an hour awarded in £100,000 court case

After a court case awarded home carers more than £100,000, a union has called for intervention.

How her own illness led one woman to set up a global firm

Jules Miller set up dietary supplements firm The Nue Co after suffering irritable bowel syndrome.

Coronavirus: Sir Keir Starmer to call for furlough scheme replacement

The Labour leader will also warn of the "scarring effect" of "mass unemployment" on communities.

Xinjiang: US to block some exports from Chinese region

Tension is growing between the US and China over the alleged use of Uighur Muslim forced labour camps.

Daimler to pay $1.5bn over emissions cheat claims in US

The deal concludes a four-year investigation of the firm in the United States.

Nvidia chief: ARM is a technology jewel

The chief executive of Nvidia explains why he is buying UK chip designer ARM in a $40bn deal.

TikTok: Oracle confirms being picked by Bytedance to be app's partner

The American database specialist says a tie-up plan has been submitted to the US government.

No-deal Brexit and Covid threaten 'double whammy' for car industry

A no-deal Brexit could cost UK and European car makers £100bn, trade groups have warned.

Google says its carbon footprint is now zero

The technology giant has also pledged to be using only carbon-free energy by 2030.

Singapore distributes Covid contact-tracing tokens

The government hopes the Bluetooth tokens will make it easier to control the spread of the virus.

'No risk' at Wetherspoons as 66 staff test positive

The company dismisses claims pubs are "dangerous" places after some workers contract Covid-19.

Sunday, September 13, 2020

TikTok rejects Microsoft bid at eleventh hour

Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app.

ARM: UK-based chip designer sold to Nvidia

The Cambridge-based company's technology helps power most smartphones among many other gadgets.

TUC: Chancellor urged to 'stand by working families'

The head of the Trades Union Congress will warn that time is running out to prevent job losses.

Give us green post-Covid recovery, urges CBI boss

The head of the industry body is urging government to create new green jobs to lift productivity.

Unemployment: Planned redundancies twice the rate of last recession

Employers are notifying the government of job cuts at twice the level seen in 2009.

Coronavirus: Seven ways scammers will exploit consumers

Criminals are evolving their behaviour to rip off consumers, trading standards officers warn.

YouTube faces legal battle over British children's privacy

Google, YouTube's parent company, is facing a landmark claim over the use of children's data in the UK.

The coronavirus diagnostics kit made in South Africa

A South African genomics firm has made a diagnostics kit that tests for coronavirus in 65 minutes.

Restaurants at 'critical risk' of eviction

Bosses of firms including Deliveroo call on Boris Johnson to extend the commercial rent moratorium.

Sir Philip Green's Arcadia 'sorry' after notice pay row

The group agrees to pay full salaries for head office staff facing redundancy after legal threat.

Saturday, September 12, 2020

Why do women appear to bear the brunt of ageism at work?

Older women fight back against the double whammy of ageism and sexism in the workplace.

Friday, September 11, 2020

Lockdown for a second time: 'It can't get any worse'

How are firms in Bolton - many of which have just reopened - coping with the new local restrictions?

Ex-Google boss Eric Schmidt: US 'dropped the ball' on innovation

Eric Schmidt says America has fallen behind China when it comes to funding new technology.

US budget deficit soars to $3tn record

Coronavirus aid programmes have prompted the gap between spending and tax receipts to explode.

Turkey farmers 'on tenterhooks' over Christmas demand

Some farmers are concerned about over-supply and restrictions on social gatherings.

Lululemon lampooned for 'resist capitalism' post

The Canadian company is known for its top dollar yoga wear.

Haribo stocks run low at Tesco over price cut row

The supermarket is reportedly not ordering more sweets until the confectioner agrees to drop prices.

UK signs first major post-Brexit trade deal with Japan

Symbolic trade deal will cover 99% of UK exports to Japan but boost economy by just 0.07%.

Coronavirus: Banham Poultry workers 'turned up for work sick'

Staff at Banham Poultry say colleagues felt afraid to take time off.

UK economy continues recovery in July

The economy grew by 6.6%, but the country's output remains far below pre-pandemic levels.

Thursday, September 10, 2020

Brexit talks set to resume despite UK rejecting EU ultimatum

The UK rejects the EU's demand to scrap plans to alter the withdrawal treaty, but talks will continue.

Rio Tinto chief Jean-Sebastien Jacques to quit over Aboriginal cave destruction

Jean-Sebastien Jacques and other senior executives will step down after the miner blew up sacred sites.

Google and Twitter to block election misinformation

The tech firms are ramping up measures ahead of the US elections to block false or misleading content.

Selling Sunset: Is that really how homes are sold in LA?

UK viewers are lapping up the glamour, drama and multi-million dollar homes in a hit TV show.

'You have to protect the grapes from getting sunburn'

Winemakers around the world say that climate change's impact is increasing.

Furlough 'must be extended' to avoid mass unemployment, say MPs

The furlough scheme should be extended for struggling industries, the Treasury Select Committee says.

Rule of six is ‘hammer’ blow for holiday cottages

Firms offering self-catering properties say new coronavirus rules "pull the rug" from under the sector.

'Scammer cloned my business on Instagram'

How a fake soap company attempted to clean out the bank accounts of followers.

Peloton sales surge as virus boosts home workouts

The exercise bike firm's revenues jumped 172% amid gym closures due to the pandemic.

Coronavirus: Portugal back on England's quarantine list

Travellers arriving in England from mainland Portugal must self-isolate for two weeks from Saturday.

Renting: Christmas 'truce' for tenants facing eviction

The housing secretary says evictions will not be permitted over the festive period.

Tesco to trial drone delivery service

Customers will be able to have "small baskets" of goods delivered in minutes.

TRESemmé: South African shops pull products after 'racist' hair adverts

Some of South Africa's biggest retailers act after a public outcry over an advert for hair products.

Citi names Jane Fraser new chief in Wall Street first

Jane Fraser will be the new chief executive of Citigroup, the first woman to run a major US bank.

Sister Bliss of Faithless: Nightclubs and DJs 'left in the corner to rot'

Faithless musician and DJ Sister Bliss says the dormant dance music scene needs more protection.

Facebook put ads in Danish broadcaster's ad-free app

A "technical error" led to numerous ads appearing on a publicly funded broadcaster's website.

Coronavirus: Young people and home workers scapegoated, says TUC boss

TUC boss says ministers must stop blaming people for not understanding "confusing" Covid advice.

Coronavirus: Lloyd's of London expects to pay out £5bn

The insurance market says that losses due to the pandemic could stretch into future years

British Airways' owner to cut more flights

IAG, which also owns Iberia, is also raising £2.5bn to shore up its finances amid a collapse in demand.

Morrisons sales rise but profits hit by Covid costs

The supermarket spent an extra £155m on temporary workers and bonuses during the pandemic.

Wednesday, September 9, 2020

Yum China's HK listing is the latest 'homecoming'

The firm behind KFC and Pizza Hut in China is latest to join Hong Kong's stock exchange as US tensions grow.

Covid vaccine: 8,000 jumbo jets needed to deliver doses globally, says IATA

Shipping a coronavirus vaccine will be "largest transport challenge ever" says the airline industry.

L'Oreal launches make-up recycling across UK shops

The firm's Maybelline brand has set up recycling points in shops including Tesco and Superdrug.

Trade talks: Why chicken, cheese, and cod are a tricky menu

The UK this week pursues simultaneous talks with Japan, the US and EU to secure its post-Brexit future.

JC Penney: Landlords plot rescue for department store

The deal for the 118-year-old company could save more than 70,000 jobs.

LVMH scraps Tiffany takeover citing tariff fight

The French luxury goods giant had planned to buy the US-based jeweller for more than $16bn.

Local lockdown business grants 'not enough', says lobby group

Firms forced to close will get cash grants, but the British Chambers of Commerce says more help is needed.

Lloyds Bank and Pizza Hut cut more than 1,000 jobs

The bank will cut 865 jobs, while the pizza chain shuts 29 restaurants and closes 450 roles.

Amazon pays £290m in UK tax as sales surge to £14bn

The tech giant has faced scrutiny over its UK tax bill, but says it pays "all taxes required".

Rio Tinto: Church of England condemns Aboriginal destruction

The boss of Rio Tinto faces calls to step down over the destruction of a cultural site in Australia.

David Beckham's Guild Esports to float on London stock market

Firm wants £20m to boost performance in global online games Fortnite, CS:Go, Rocket League and Fifa.

Ryanair boss Michael O'Leary slams 'defective' UK quarantine policy

Michael O'Leary says the UK needs to embrace testing at airports to help revive international travel.

Coronavirus: Banham Poultry factory Covid-19 outbreak 'has not spread'

Although the number of positive cases has increased staff are being allow to return to work.

Tuesday, September 8, 2020

US to block key exports from Xinjiang, China

Tension is growing between the US and China over the alleged use of Uighur Muslim forced labour camps.

British Airways passengers 'stunned' over cash refunds stand-off

Passengers have been told they had accepted vouchers for cancellations so cannot get their cash back.

Student finance: 'It's tough to find money for the bills'

Concerns are raised about students' ability to pay living costs as coronavirus hits their job options.

When banks step in to save fraud victims

Staff are trained to spot cases before savings are lost in scams - with some victims aged over 100.

CEO Secrets: 'I learned toughness on a farm'

Tarek Sultan, the boss of logistics firm Agility, discusses a formative experience from his youth.

Can artificial intelligence create a decent dinner?

By checking what's in your fridge artificial intelligence can create new recipes, but do they work?

Brexit: Ministers to unveil law on policing UK trade

The bill has caused a row after the UK government admitted it would break international law.

Apple fires back in Fortnite App Store battle

The tech giant said its dispute with the firm behind the game was a "basic disagreement over money".

Uber pledges all-electric fleet by 2040

The transportation company says it has a "responsibility" to tackle climate change.

Pound continues fall as Brexit fears rear up again

The pound falls against major currencies amid unease that a no-deal Brexit is in sight again.

Coronavirus: Morrisons to make thousands of staff permanent

The supermarket is set to outline its hiring plans as demand for online shopping continues.

G4S executives charged with multiple counts of fraud

The three men are alleged to have defrauded the Ministry of Justice over several years.

How an African WTO boss could make a difference

An African has never been at the helm of the global trade body, but that could soon change.

Thomas Cook set for revival as online travel firm

The firm wants to be operating by Christmas to capture the start of the summer booking season.

Amazon's murky world of one-star reviews

Companies are trying to manipulate online feedback - and one-star reviews have become the latest weapon.

Easyjet: Flyers frustrated at changing quarantine

The airline expects to fly fewer passengers because it says consumer confidence has been dented.

Royal Mail set for loss despite surge in parcels

The postal service warns of a "material loss" despite the jump in parcel deliveries during lockdown.

Monday, September 7, 2020

China takes aim at US 'bullying' of its tech firms

The Chinese government has clashed with America over tech firms and protecting consumers' data.

Chinese chip giant SMIC 'in shock' after US trade ban threat

SMIC's Hong Kong shares sank 23% after the Pentagon said it could be added to a trade blacklist.

Coronavirus: Up to £3.5bn in furlough cash stolen or paid in error - HMRC

HMRC is reviewing 27,000 "high risk" cases that could have been paid out wrongly or fraudulently.

Government pledges to increase number of affordable homes

A new shared ownership model has been launched to help more people onto the property ladder.

Coronavirus: 300,000 redundancies planned in June and July

A Freedom of Information request shows a sixfold increase in the number of firms planning job cuts.

The women behind one of Gucci's most-liked Insta posts

Zebedee Management represents disabled models and actors around the world.

The 'brushing' scam that's behind mystery parcels

There's been a rise in sellers buying and sending out their own goods in order to boost sales and reviews.

Job interviews for man who gave out CV at station

Trevor Walford, 63, held up a sign in Leeds asking for work after losing his job amid the pandemic.

Netflix boss: Remote working is ‘a pure negative’

Founder Reed Hastings says working from home has no positive effects and makes debating ideas harder.

Coronavirus: Seven Greek islands added to England's quarantine list

The transport secretary says the changes will come into force from 04:00 BST on Wednesday.

Jammie Dodgers production under threat as staff revolt

Staff at Burton's Biscuits' Edinburgh plant, which also makes Wagon Wheels, are threatening strikes.

Wedding firm forced by watchdog to increase refunds

Bijou Weddings will pay back more to couples whose weddings were cancelled under lockdown.

Extend furlough scheme 'or risk second wave of job cuts'

Business groups warn of large scale cuts if the job retention scheme is not extended after October.

Primark post-lockdown sales head for £2bn

Owner AB Foods says the High Street chain's sales since reopening have been stronger than expected.

Sunday, September 6, 2020

Brexit: Ministers plan laws overriding part of withdrawal deal

No 10 calls it a "standby" in case EU trade talks fail, as the PM issues an October deadline for a deal.

Coronavirus: More train services restored as schools reopen

Train operators will reintroduce more services on a new timetable catering for schoolchildren.

Crime agency under fire over bank signature forgery

Anti-corruption campaigners say not a single victim has been contacted by the National Crime Agency.

Why are there so few black tech entrepreneurs?

Black Lives Matter has shone a spotlight on policing, but also on other areas, like the tech industry.

Coronavirus: Working from home damaging economy, Raab warns

The government wants more workers back into offices, while other warn a swift return is unlikely

Mystery seeds: Amazon bans foreign plant sales in US

Thousands of Americans have received unsolicited packets of seeds this year, mostly from China.

Saturday, September 5, 2020

Classic Vauxhall models go on display in Luton exhibition

Vehicles from more than 100 years of production go on show in the town where they were made.

Friday, September 4, 2020

Ex-World Bank head Robert Zoellick: ‘The world could look like 1900 again’

Former World Bank head Robert Zoellick warns countries need to work together to emerge from recession.

US unemployment rate falls below 10% as firms rehire staff

It is the fourth month in a row that America's jobs picture has improved, as the economy begins to rebound.

Fashion chain Jigsaw is shutting more stores and axing staff

Fashion chain Jigsaw will close 17 stores and axe more than 100 staff.

Coronavirus: Virgin Atlantic to cut 1,150 more jobs

The job cuts come as the airline completes a £1.2bn rescue deal with creditors.

Co-op to create 1,000 jobs and open 50 new stores

Grocery chain the Co-op is opening 50 new stores and creating 1,000 new jobs this year

Court threat to housebuilders over leasehold ‘trap’

Four of the biggest UK developers are under the microscope over mis-selling concerns.

Thursday, September 3, 2020

£14k alligator bag destroyed over missing import permit

A woman in Australia says goodbye to her bag after failing to apply for an £38 import licence.

Brexit: 'Significant gaps' in UK's border plans

Logistics industry groups warn supply chains could be "severely disrupted" if issues aren't addressed.

India's kite-makers see sales fly during lockdown

Demand for kites has soared in India since March, as more people take up the hobby to pass the time.

Debenhams: No cliff edge for stores group, says boss

The High Street group is in administration, but the boss tells the BBC Debenhams is doing far better than expected.

Eat Out to Help Out serves up 100 million meals in August

Restaurants. pubs and cafes claimed £522m under discount scheme during August, Treasury figures show.

Pret a Manger offers coffee on a monthly subscription

Pret a Manager will allow customers to buy up to five drinks each day for a £20 monthly subscription.

HS2 rail project work begins with pledge of 22,000 jobs

Work on the controversial rail line formally starts on Friday, with Boris Johnson saying it will "fire up growth".

Tech stocks slide as Wall Street goes into reverse

US markets see their worse day since June as shares in Apple, Amazon and other tech giants sink.

France in huge coronavirus recovery plan focusing on green energy

France unveils a 100bn-euro plan to kick-start the economy, with a promise to invest in green energy.

Costa Coffee warns up to 1,650 jobs are at risk

The coffee chain says there are still "high levels of uncertainty" as to when trade will recover.

Ocado halts staff deliveries temporarily amid order backlog

The online grocer says the temporary suspension is due to extra demand following its deal with M&S.

Amazon to create 7,000 new UK jobs

The online retail giant is recruiting at more than 50 sites in response to growing customer demand.

Coronavirus vaccine trial begun by drug firms GSK and Sanofi

The companies say 440 people will be given the vaccine in the US, with the results due by December.

SSE fined £2m by Ofgem over 'inside information'

The fine relates to delays in disclosing a deal that SSE struck with National Grid in March 2016.

Wednesday, September 2, 2020

Modi Twitter: Account linked to Indian PM hacked

Twitter said a series of tweets were sent from an account linked to the prime minister asking for donations.

India bans PUBG, Baidu and more than 100 apps linked to China

The list of forbidden products includes the popular video game PUBG and search giant Baidu's app.

Government 'overseeing the demise of UK aviation'

Leading UK aviation figures say the government must show "leadership" on airport coronavirus testing.

Mortgage deals plummet as lenders play safe

First-time buyers unable to offer a large deposit could find their options squeezed, figures show.

Why 600 books are being published on Thursday

Lockdown delayed the publication of many books, and authors now face big competition to get noticed.

Heathrow seeks staff pay cuts with jobs warning

The airport says it must act now after the collapse in air travel, but union leaders condemn the move.

What a US ban on WeChat could mean for American firms

What effect could President Trump's proposed WeChat ban have on US companies?

Live video dating: Finding love online with an audience

A new breed of app is allowing people to go on live video dates, while others watch on.

Coronavirus: 'I took a £1,000 flight to beat Portugal quarantine'

Amid reports Portugal may be put on the UK's quarantine list, UK holidaymakers face rising prices to get home.

Speedy return to workplace 'not possible'

A top Bank of England official casts doubt on government moves to get workers back to the office faster.

Lego set to open 120 new stores despite pandemic

The toy firm says sales have been strong during lockdown, despite the hit to the High Street.

Apple more valuable than the entire FTSE 100

The world's largest company has seen its value leap as demand for tech goods surged during lockdown.

Rolls-Royce sees demand for luxury cars rebound

The luxury carmaker predicts better times ahead as it launches the new Rolls-Royce Ghost.

House prices at all-time high, says Nationwide

August saw the highest monthly rise in prices since 2004 as the recovery continued, the lender says.

Tuesday, September 1, 2020

Unilever to cut fossil fuels from cleaning brands

The consumer giant has pledged to wipe out oil-based chemicals from its detergents by 2030.

Australia in first recession for nearly 30 years

Australia's economy has shrunk the most since records began in 1959 due to lockdowns.

'My hearing loss made me a communication expert'

Cycling team boss Morgan Fox on how his "catastrophic hearing loss" turned him into a communication expert.

Rival powers jockey for the lead in hypersonic aircraft

The US, China and Russia are pouring money into aircraft that can fly at five times the speed of sound.

Kickstart: Firms urged to sign up to job scheme for under-24s

The government has launched its £2bn Kickstart scheme aimed at helping young people into work.

Apps for children must offer privacy by default

Websites aimed at children, connected toys and online games must be designed with privacy at heart.

Want an Uber? Send a selfie proving you are wearing a mask

Some passengers will need to verify they have a coronavirus face mask prior to ordering a ride.

Ann Summers threatens landlords over shop rents

The sex toy and lingerie chain issues ultimatum over debt restructuring that is "no idle threat".

Marcus Rashford brings food brand giants together to tackle child food poverty

The Manchester United forward says he is confident his taskforce can change lives for the better.

Climate change: Power companies 'hindering' move to green energy

New research suggests utilities are dragging their feet when it comes to embracing wind and solar.

Coronavirus: Jobs furlough scheme begins winding down

The government is reducing the amount of furloughed workers' wages it pays from 80% to 70%.

The 1980s 'super recession': When unemployment topped 3m - and kept rising

As the UK copes with being in a recession, how does it compare with the recession in the 1980s?