Monday, November 30, 2020

China gets tough on firms over single-use plastics

It is part of a wider push to improve China's ranking as the world's biggest producer of plastic waste.

China-US trade war: Beijing escalates tit-for-tat with Washington

Beijing has introduced tough new laws which restrict the export of "controlled items".

Debenhams faces uncertain future as JD Sports quits rescue talks

The move could leave the firm on the brink of collapse, with the possible loss of up to 12,000 jobs.

How machine learning is allowing thousands of students to sit exams at home

Machine learning is helping firms across many industries more quickly solve difficult challenges.

Christmas tree sales boom as people decorate early

It's a bumper year for British tree growers as customers look for some early festive cheer.

Zoom boosts sales forecast as pandemic drags on

The pandemic has transformed the fortunes of the video conferencing firm, once a niche tech name.

Unilever explores four-day working week

The owner of Dove soap and Ben & Jerry's ice cream is testing a shorter week in New Zealand.

Topshop owner Arcadia goes into administration

Although the fall of the retail group puts 13,000 jobs at risk, there will be no immediate redundancies.

Microsoft files patent to record and score meetings on body language

Facial expressions and how long staff speak for would contribute to a score given to a meeting.

Currys PC World apologises after gift cards wiped

The company is still assessing how many customers may have been affected.

Is my pension ruined if a retail empire crumbles?

The expected collapse of Topshop owner Arcadia means many pension holders are likely to take a hit.

Has Topshop boss Philip Green done anything wrong?

Every generation has its business pantomime villain - what's the real story with Philip Green?

New Lloyds boss may land £5.5m pay day

Charlie Nunn is to replace Antonio Horta-Osorio, who leaves the bank in the summer.

Asda's billionaire brothers make a bid for Caffè Nero

The Issa brothers have offered to buy the chain, which is struggling to pay its rents.

Covid: Shops in England can open for longer in run-up to Christmas

Local authorities will be allowed to temporarily waive rules restricting retail opening hours.

Sunday, November 29, 2020

Coronavirus: Qantas adds to job cuts by outsourcing 2,000 roles

The Australian airline had already announced the loss of 6,000 staff as it tackles virus downturn.

Coronavirus: Investment scams quadruple since virus lockdown

Fraudsters have been using more sophisticated tactics to steal millions from UK investors.

The photographers capturing buildings and biscuits in 3D

Photographers are scanning landmarks in stunning 3D detail and putting them on the internet. Why?

Arcadia: Topshop owner faces collapse within hours

The collapse of the group, which includes Topshop and Dorothy Perkins, would put 13,000 jobs at risk.

Huawei ban from UK 5G network brought forward

The cut-off date of September for the installation of new equipment is earlier than expected.

Arcadia: Sir Philip Green 'must plug Arcadia pension hole'

His retail empire, including Topshop and Dorothy Perkins, is understood to be on the brink of collapse.

Saturday, November 28, 2020

Coronavirus: Suspend peak rail fares over Christmas, says Labour

A surge in travel is expected when restrictions across the UK are eased between 23 and 27 December.

How green and profitable are e-scooters?

Wayne Ting, chief executive of e-scooter firm Lime, says there's room for improvement.

Zappos ex-boss and Las Vegas entrepreneur Tony Hsieh, 46, dies after house fire

Tony Hsieh led online retailer Zappos, acquired by Amazon, and helped transform central Las Vegas.

Arcadia: Buyers to 'pick over carcass' of Topshop owner, says former boss

Breaking up the Arcadia empire is 'the only way' forward, former chief executive Lord Rose says.

Friday, November 27, 2020

Covid: Road and rail changes planned for Christmas travel spike

Around 500 miles of roadworks are being cleared to ease congestion on motorways over the festive period.

Black Friday comes early for shoppers this year

Shoppers took advantage of early Black Friday offers, but could face delays in getting their orders.

Topshop owner Arcadia on brink of collapse

Talks about borrowing £30m have reportedly failed, potentially putting 13,000 jobs at risk.

Royal Mail could save £225m by cutting Saturday post, regulator says

The postal regulator says it could drop weekend letter deliveries and still meet people's needs.

TSB owner Sabadell considers bank's future as BBVA deal scrapped

The Spanish bank is seeking "strategic alternatives" after scrapping a merger with BBVA.

Is there a gap between public and private sector pay?

The chancellor has been making some claims about pay in the public and private sectors.

Thursday, November 26, 2020

Brexit: Face-to-face trade talks to resume in London

In-person meetings were suspended when EU chief negotiator Michel Barnier had to self-isolate.

China slaps tariffs on Australian wine as tensions grow

It has been investigating the "dumping" of cheap wines in China - an accusation Australia denies.

New rules to limit Google and Facebook's market power

The two tech giants account for around 80% of the £14bn ($18.7bn) spent on online advertising in 2019.

Dyson to spend $3.67bn on new technologies

The company's investments will mostly be in Singapore, the UK and the Philippines.

New jobs in UK hospitality sector 'non-existent'

Recruitment firms say restaurants, bars and hotels are the worst-hit.

Black Friday: Next, M&S and Wilko shun sales event

Although Black Friday spending in the UK is set to soar in 2020, some brands won't be taking part.

Rishi Sunak faces state pension conundrum

Official forecasts suggest the state pension will rise by 4.1% in April 2022 when unemployment is high.

October redundancies double last year's rate

With Covid cases rising and uncertainty over government support, employers planned 51,000 job cuts

Amazon spends $500m on bonuses for Christmas staff

The money for frontline UK and US staff is a thank-you for working through the pandemic.

If public spending was £100, how would it be split?

Every year the chancellor doles out billions of pounds of taxpayer money, but where does it go?

Bar chain owner: 'This is pure and simple business torture'

Bar chain owner Martin Greenhow says hospitality is "on the brink of financial collapse".

Hospitality is 'bearing the brunt' of tier pain

UK Hospitality warns its members are facing mass redundancies as England tiers are revealed.

M&S warns Brexit may affect 15% of NI food lines

Retailer Marks & Spencer says that some of its food product lines may be unavailable in January.

German property company collapses with my pension

Thousands of pension holders owed more than a billion pounds despite promises their money was safe.

Black Friday: Why bots will beat you to in-demand gifts

Black Friday and Christmas shopping are here - but it may be harder than ever to snag what you want.

Boohoo appoints former judge Sir Brian Leveson to probe company's ethics

Sir Brian Leveson will oversee the company's efforts to monitor its suppliers more closely.

Rishi Sunak: I have to make tough choices on public pay

The chancellor said that he could not justify a wage rise for all public sector workers.

Noteworthy: Clydesdale Bank's demise

Phasing out the Clydesdale Bank brand will see the firm's banknotes begin to disappear from circulation.

Wednesday, November 25, 2020

Covid-19 could 'cut pay by £1,200 a year by 2025' - think tank

The virus is one of three "once in a lifetime" recent economic shocks says the Resolution Foundation.

Coronavirus: Shanghai rises to become world's most connected city

The coronavirus pandemic has "undone a century of progress" as it shakes up international travel.

Union backlash over public sector pay freeze

Leaders of Britain's biggest unions vow to resist chancellor's freeze on workers who "risked everything".

Covid: Pub industry tells the PM it faces 'darkest of moments'

More than 50 executives call for evidence justifying industry's Covid restrictions to be published.

Britons 'misunderstand and distrust economics data'

Groups such as the media and politicians need to explain economics data better, a study suggests.

Spending Review: Rishi Sunak 'hasn't gone far enough'

Under-30s have been hit hard by Covid, so what did they think of the chancellor's Spending Review?

Spending Review: Millions face cut in value of workplace pensions

Women and new retirees likely to be hit hardest by the planned change - but not before 2030.

Low-paid public sector workers to get £250 pay rise

Public sector pay will be frozen but low-paid and NHS workers will still get raises, the chancellor has said.

Spending Review: Key points from Rishi Sunak's statement

Chancellor Rishi Sunak has set out what the government will spend next year. Here are the headlines.

Spending review: Chancellor warns of 'lasting' damage to UK economy

Official forecasts warn the UK economy will shrink 11.3% this year due to the impact of the virus.

Spending Review: Unemployed predicted to rise to 2.6 million

The chancellor says the "economic emergency" has "just begun", but promises more help for the jobless.

Tuesday, November 24, 2020

Harrabin: Now will the Treasury go green?

As Boris Johnson is driving UK emissions down, is his chancellor preparing to drive them back up?

US-China trade war: Trump gives one last twist

The US says it will impose tariffs on twist ties, used to seal bread bags and tie up cables.

Coronavirus: Second-hand website becomes latest unicorn start-up

India's Cars24's value rises above US$1bn as people look for alternatives to public transport.

Spending Review: Chancellor to set out government spending plans

Rishi Sunak's spending review comes amid a difficult economic backdrop caused by the Covid pandemic.

'My dream flat left me with a £20,000 repair bill'

The government's shared ownership scheme has left some with rising fees and huge debts, BBC Panorama finds.

New aircraft spy opportunities amid aerospace woes

Start-up firms target regional routes around the world with quiet, cheap electric aircraft.

US shares set records as investor optimism grows

The Dow Jones index closes above 30,000 for the first time amid string of positive news.

Amazon sorry for Sidewalk 'confusion'

The new network, which uses other people's broadband, is not launching in the UK.

Spending Review: Sunak pledges to make jobs 'number one priority'

The chancellor promises his Spending Review will include a £4.6bn package to help people back to work.

Elon Musk becomes world's second richest person

The tech billionaire overtakes Bill Gates after Tesla shares soar on S&P acceptance

NS&I apologises for delays amid savers' exodus

It says sorry to those struggling to get through on the phone on the day cuts in savings rates take effect.

Rishi Sunak: Why should I care what he says?

The chancellor will set out his plans for government spending, but will it be bad or good news for you?

UK car industry warns of £55bn no-deal Brexit hit

Big losses will be seen in the next five years if the UK fails to strike a deal with the EU, the sector warns.

Most Black Friday products 'were same price or cheaper' beforehand

Nine in ten products are the same price or cheaper before the sale, finds consumer group.

Pets prove 'a lifesaver' for lockdown loneliness

Pets at Home reports soaring sales as people increasingly turned to animals for solace amid the pandemic.

Huawei ban: UK networks breaking new law face big fines

The Telecommunications Security Bill bans the involvement of Huawei in the UK's 5G mobile network.

Monday, November 23, 2020

Brexit: Hauliers fear 'mayhem' at Holyhead port

There are claims Holyhead port will not be ready for the end of the Brexit transition period.

Coronavirus: Retail workers 'scared' as cases surge

Workers rights groups say employers must do more to protect staff as coronavirus cases surge.

Covid-19: World's top latex glove maker shuts factories

Malaysia's Top Glove will close more than half of its plants after a surge in virus cases.

Covid-19: Arrivals in England to be able to cut quarantine if they pay for test

People arriving in England can end their self-isolation with a negative test taken after five days.

Protect leaseholders from cladding removal costs, say MPs

The state should foot the bill for removing flammable materials from high-rise buildings, MPs say.

Sunak begins planning for a post-Covid economy

The Spending Review marks the start of the chancellor's economic recovery planning. Here's what to watch for.

Goodbye ATMs. How local shops offer access to cash

Is this the post-Covid future for millions of people who still need to pay using notes and coins?

The film crews being directed from a continent away

The pandemic has led to a big rise in remote filming, with directors miles away from the set.

Janet Yellen: Biden to pick 'first female treasury secretary'

Janet Yellen served as the head of the America's central bank under Barack Obama.

Covid: What are the new rules for pubs around the UK?

New rules for pubs in England come into effect on 2 December after the second lockdown ends.

New Covid rules 'rub salt in the wounds', say pubs

England's hospitality sector warns post-lockdown restrictions risk putting firms out of business.

British Airways sells off bowls to bedding as it shifts surplus stock

The airline is selling thousands of items, including memorabilia from its retired 747 aircraft.

Google: Garage owner takes on tech firm over fake reviews

A car salesman says he felt "helpless" when the tech giant refused to delete damaging comments.

Covid: A fifth of disabled people have work requests refused

One in five disabled people say they have to choose between staying safe or keeping their jobs under current furlough rules.

Scotland's national investment bank launches

A laser technology firm in Glasgow receives the first backing from the bank which aims to encourage sustainable innovation.

Coronavirus: NI ministers to discuss lockdown financial support

It is understood the proposed £300m package will support those hit by the new restrictions.

Sunday, November 22, 2020

Covid-19: China pushes for QR code based global travel system

QR codes - bar codes that can be read by mobile phones - have been used in China during the pandemic.

Covid-19 pandemic: Merkel 'worried' about vaccines for poor countries

The German leader voices concern after top economic powers promise a fair distribution of vaccines.

Rishi Sunak says Spending Review will not spell austerity

The chancellor says he will uphold pre-Covid funding pledges on police, nurses and schools.

What is a Spending Review? How will it affect you?

The chancellor will announce his public service spending plans in uniquely difficult circumstances.

Kellogg's and Britvic attack plan to ban junk food ads online

Firms including Kellogg's and Britvic say the plan to tackle childhood obesity is "disproportionate".

Coronavirus: £3bn for NHS but Sunak warns of 'economic shock' to come

Borrowing - which hit a record £22.3bn in October - cannot go on indefinitely, chancellor says.

Smaller turkeys on the menu this Christmas

Fearful that lockdown will extend until Christmas, households have been ordering smaller turkeys.

Covid: Can we rescue the office Christmas party this year?

Some companies are finding ingenious ways of getting into the Christmas spirit against the odds.

Saturday, November 21, 2020

Four reasons Topshop is not the brand it once was

The chain's parent company is understood to be seeking emergency funding after being hit hard by coronavirus lockdowns.

'Thanksgiving To Go': Americans splash out on takeaways

Restaurants across the US are drawing in customers with their Thanksgiving takeaway menus this year.

Friday, November 20, 2020

'I was embarrassed to tell friends about my business'

Tech entrepreneur Adnan Ebrahim says he was "embarrassed" to talk about his online business.

'I was a stage manager and now I'm a bike mechanic'

Laura Wilson from west London takes us through her week during the coronavirus pandemic.

Carnival Cruise boss banks on safety measures

The hugely profitable business has been brought to its knees by coronavirus.

Households face £21 rise in energy bills in 2021

Ofgem is considering the rise to help energy firms which have been hit by a jump in unpaid bills.

Christmas tree sales to go ahead despite lockdown

Tree farms and sellers can open from Saturday, even as other non-essential retail remains closed in England.

Fed fights White House move to end some Covid support measures

The US central bank says lending programmes being closed down by the government are still needed.

British Gas faces strikes over pay and conditions row

The GMB union ballots members over a worsening dispute about new "fire and rehire" contracts.

UK borrowing hits highest October level on record

The government borrowed £22.3bn in October - its highest for the month since records began.

Early Christmas shopping helps boost retail sales

Sales rose for the sixth consecutive month in October, official statistics show.

Thursday, November 19, 2020

Maybach: Strong sales in China drive double sales

The luxury car brand owned by Daimler wants to tap into China's ambitious electric vehicle targets.

Port troubles leave UK bookseller with no books

Congestion at Felixstowe Port in Suffolk is proving a major headache for importers before Christmas.

Wands revive memories of the smart home dream

Lights, heating and fridges were all supposed to be internet connected, but it never really happened. Why?

Millions of public sector workers face pay freeze

The pay of 5.5m workers could be frozen as the government tries to bolster the public finances.

Covid has 'devastating' impact on gender equality

Britain could slip back in terms of workplace equality, but there are signs of hope, a charity says.

TUC: Young people saw record job losses this summer

More under-24s made redundant in three months than the whole of 2019, analysis finds.

Buzzfeed to buy Huffington Post

The deal will bring together two of the world's most high-profile digital media firms.

IMF: Economy 'losing momentum' amid virus second wave

The International Monetary Fund warns against countries withdrawing economic support too soon.

Peacocks and Jaeger fall into administration

More than 4,700 jobs and almost 500 shops are at risk after the collapse of the fashion chains.

Wirecard scandal: German MPs question ex-boss Braun

A criminal case is under way in Germany's biggest post-war accounting scandal.

Brexit talks suspended after positive Covid test

EU chief negotiator Michel Barnier says a member of his team has tested positive for the virus.

Cineworld eyes UK cinema closures and rescue deal

The cinema chain has appointed restructuring experts to negotiate unlocking more cash from lenders.

Covid: One in three UK hospitality firms fear collapse

The sector, which has been hit hard by Covid, is the most downbeat about its prospects, data suggests.

Climate change: Can sending fewer emails really save the planet?

UK officials are reportedly considering asking us to stop sending "thanks" emails - but why?

PS5 launch day delivery delays and row over who is to blame

Huge demand for the new PlayStation, coupled with its size, means pre-orders may not arrive on time.

Royal Mail parcels overtake letters for first time

Online shopping during the pandemic means revenues from parcels surpasses letters for the first time.

Have women CEOs coped better with Covid than men?

Have women bosses coped with the pandemic better than their male counterparts?

ComparetheMarket fined £17.9m over competition law breach

Contracts meant getting the best home insurance deals was not as "simples" as its adverts suggest.

Wednesday, November 18, 2020

President Xi at Apec: China pledges to open up its 'super-sized' economy

Chinese president Xi Jinping says it will import more high-quality goods and sign more trade deals.

Vietnam economy is Asia's shining star during Covid

The South East Asian nation has benefited from the working from home electronics boom

Apprentice redundancy numbers rise: 'I was devastated'

Two-thirds more apprenticeships ended in redundancy as Covid hit employers, BBC figures show.

Coronavirus: 'We need to know if we can re-open after lockdown’

Struggling businesses say they want more clarity about what happens when lockdown ends.

Apple to pay $113m to settle iPhone 'batterygate'

The lawsuit argued the iPhone-maker slowed down device performance to make users buy newer models.

Coronavirus: Facebook accused of forcing staff back to offices

Content moderators say the tech giant is "risking lives" for profit in the pandemic.

McDonald's sorry for stopping couriers using toilets

Food delivery drivers claim they were denied access to toilets at restaurants during lockdown.

UK giant Unilever bets on vegan food with 'scary target'

The consumer giant wants a significant slice of sales to be plant-based as vegan foods take off.

Boeing's 737 Max cleared to fly in the US after crashes

The jet has been grounded since March 2019, after two crashes that together killed 346 people.

Halfords boosted by growing demand for escooters

The retailer saw sales of electric-powered scooters rise despite road restrictions.

Apple slashes commission fees to developers on its App Store

Those who earn less than $1m this year will see their commission charge halved in 2021.

House prices rise as Covid sparks rural relocation

Property prices in the South West of England have risen fastest in the UK, official statistics show.

Nissan warns on its UK future without a Brexit deal

The carmaker, which runs Britain's biggest car plant, said the factory 'will not be sustainable'.

Clothes and food price rises push inflation higher

The UK's inflation rate, which tracks the prices of goods and services, increases to 0.7% in October.

Tuesday, November 17, 2020

Covid-19 shakes up world’s most expensive city club

Hong Kong, Zurich and Paris now top the list pushing down Singapore and Osaka due to virus impact.

Cryptocurrency: Bitcoin hits three-year high as investors jump in

The digital currency is close to an all-time record although experts warn about its volatility.

Government told to ‘come clean’ over Covid deals by spending watchdog

The government has been accused of a lack of transparency over £18bn of Covid-related contracts.

Shift to electric cars will need 'Herculean' effort, says industry

A plan to ban sales of new petrol and diesel cars by 2030 will be very challenging, the industry says.

CEO Secrets: 'Ask your investors for a yes or no'

Ryan Edwards, creator of Audoo, a system that logs songs played in public, gives his business advice.

Entertainers find new ways to pay the bills

With live venues closed and much filming on hold, celebrities are finding new ways to entertain.

Ban on new petrol and diesel cars in UK from 2030 under PM's green plan

The PM confirms he is bringing the ban forward as he sets out his "green industrial revolution".

British Airways to launch Covid testing trial for arrivals

The airline wants to show that testing could remove the need for arrivals to quarantine.

Facebook and Twitter grilled over US election actions

Mark Zuckerberg and Jack Dorsey face questions about misinformation labels and account bans.

Amazon launches online pharmacy service

It will sell prescription drugs initially in the US, with discounts for Prime users.

Government to invest £4bn to create 250,000 new green jobs

It is part of a long-awaited plan to hit net zero emissions that will be released later on Tuesday.

Covid: Hospitality boss says 660,000 jobs lost so far in 2020

The head of the industry's trade group tells MPs the jobs were lost before the latest lockdown.

Travel rules changed for Christmas turkey farm workers

Seasonal workers are now able to work during quarantine to ensure demand for Christmas is met.

Coronavirus: How to be happier while working from home

Tips on happier ways to work from home in the Covid-19 pandemic and beyond.

Cargo bike firm thrives in lockdown

A West Yorkshire company making deliveries for independent retailers has seen trade soar in lockdown.

EasyJet slumps to a loss as Covid hits demand

The airline reports an annual loss for the first time in its 25-year history as demand collapses.

Workers supplying UK retailers allege exploitation

Workers in Indian factories supplying Tesco, Sainsbury's, Marks and Spencer and Ralph Lauren say they are being exploited.

Monday, November 16, 2020

Huawei sells youth brand over tech restrictions

The Chinese communications firm said Honor had been under pressure to find suppliers.

Biden vows to set 'rules of the road' on trade

US president-Elect's comments come as 15 Asia Pacific countries including China sign historic trade pact.

Elon Musk's personal fortune rockets after eventful week

The billionaire has had an eventful few days and now Tesla is to be included in a major US index.

StockX: Asian sneakerheads give trainer traders a spring in their step

A trading platform allowing people to buy and sell sneakers like shares is expanding into the region.

Senior jobs with flexible hours 'get 20% more female applicants'

Women are more likely to apply for senior roles if they offer flexible hours, a study suggests.

Transgender struggle: 'I had to keep who I was secret'

Former RAF pilot Caroline Paige and other transgender campaigners detail their equality struggles.

Inventors design high-tech helmets for Covid protection

For two months, Yezin Al-Qaysi has been riding the Toronto subway wearing a huge black "mad helmet".

Inventors design high-tech helmets for Covid protection

For two months, Yezin Al-Qaysi has been riding the Toronto subway wearing a huge black "mad helmet".

Airbnb plans public share sale despite pandemic

The filing by the home rental web site offers a closer look at the loss-making firm's finances.

Heathrow workers plan four-day December strike

Heathrow says the airport will keep operating despite the walk-out by workers.

FTSE 100 and shares jump on second Covid vaccine hopes

News of a breakthrough by US drugs firm Moderna follows last week's positive results from Pfizer.

Health and beauty boss Matthew Moulding in line for £830m payout

The owner of the firm behind Lookfantastic is set for one of the biggest payments in UK corporate history.

Clintons boss: Supermarkets selling greeting cards 'grossly unfair'

Supermarkets should not be able to sell non-essential goods in lockdown, says boss of Clintons cards.

'The pot's empty and we'll have nowhere to hide'

Ian and Lindsey Beagle run a catering business and feel they don't have enough support during coronavirus.

Sunday, November 15, 2020

Technical glitch closes Australian Stock Exchange

The shutdown was linked to a software issue that created inaccurate market data.

Japan leads economic 'Zoom boom' out of recession

Asian economies are leading the way as they show signs of bouncing back from the Covid-19 slump.

Working from home could lead to more prejudice, report warns

Offices and workplace friendships are key to breaking down misconceptions, a study suggests.

Covid insurance test case heads to Supreme Court

Judges' decisions on insurance payouts for business interruption has a bearing on 370,000 businesses.

New skills programme risks excluding 1.4m workers

New research claims many people may not qualify for the government's Lifetime Skills Guarantee.

Robots to take on more supermarket tasks

Grocery and technology firm Ocado Group is buying two robotics firms, to boost the automation of online grocery orders.

Topshop owner in talks to secure £30m in funding

The Arcadia retail group, led by Sir Philip Green, is hoping to secure funding amid a second lockdown.

RCEP: Asia-Pacific countries form world's largest trading bloc

The Regional Comprehensive Economic Partnership covers nearly a third of the global economy.

Covid 'more damaging' to Wales economy than pit closures

The economic impact will be on a "different scale" to that seen in the 1980s, says Baroness Wilcox.

Christmas cards 'even more poignant' this year

Card shops in England have had to shut in lockdown, yet people still want to connect at Christmas.

Fibre broadband: The cost of delivering in rural areas

The eye-watering cost of delivering a fibre network to rural areas.

Saturday, November 14, 2020

Felixstowe Port in 'chaos' as Christmas and Brexit loom

One shipping firm has re-routed to Rotterdam to avoid 'unacceptable' congestion at Felixstowe Port.

Port Talbot steelworks: 'Partnership' call with UK government

MP calls for UK government support as a union official wants public ownership to be discussed.

Greggs to cut 820 jobs amid lockdown sales slump

Bakery chain chief says "the battle with Covid hasn't gone away and is intensifying further".

Friday, November 13, 2020

Fraudsters 'targeting Christmas online shoppers'

Buyers of games consoles, bicycles and clothing may be at a higher risk of encountering a scam, banks say.

How small shops plan to take on the retail giants

Efforts to shop local this Christmas could give small businesses a fairy tale end to a grim year.

Tata: Concern over future of Port Talbot steelworks

Urgent talks are being sought to see how a funding plan will affect Port Talbot's workforce.

Covid: Watchdog shelves plans to protect loyal savers

The Financial Conduct Authority has also dropped proposals to restrict exit fees paid by investors.

Hays Travel founder dies after collapsing at work

John Hays ran the UK's largest independent travel agent alongside his wife, Irene.

Wells Fargo former boss charged with misleading investors

John Stumpf agreed to pay $2.5m to settle the latest claims arising from the bank's fake accounts scandal.

University staff urge probe into e-book pricing 'scandal'

More than 2,500 university staff ask MPs to investigate publishers over the rising cost of online texts.

John Lewis Christmas ad focuses on kindness theme

The company says it has deviated slightly from the style of its previous festive ads due to Covid-19.

Tesco limits online customers amid Christmas rush

The supermarket apologises as people are forced to queue online to place their Christmas orders.

Covid: Caffè Nero seeks help after pandemic 'decimates' trading

The coffee chain, which employs 6,000, people, is seeking financial breathing space from its landlords.

Zambia on brink of defaulting on foreign debt

Coronavirus has aggravated pre-existing financial pressures, including a $12bn external debt load.

Thursday, November 12, 2020

Singapore: Helping the migrant workers who pay to get jobs

For many migrant workers, living and working in Singapore often means going into debt.

Wall Street 'old boys club' lets in more women

Women and ethnic minorities make up almost half of investment bank Goldman Sachs' new partners.

Asian trade mega-pact set to be signed this weekend

The deal is almost a decade in the making and covers nearly a third of the global economy

North West sees job ads surge while London lags

Nurses are in demand as vacancies climb to pre-pandemic levels, but with big regional variations.

Black Friday emissions boom predicted

Climate change: why Black Friday needs patience

TikTok lives to see another day in US

US Commerce Department halts ban on Chinese owned company.

Should you tip the takeaway delivery driver?

The number of takeaways being delivered has soared due to Covid, but should you tip the driver?

Bank heads: Outlook uncertain despite vaccine optimism

Fed and ECB chiefs say economic outlook still uncertain despite vaccine optimism.

US bars investments in 'Chinese military companies'

President Donald Trump says China is 'exploiting' US investors to build up its military.

Manchester United results released in error

Manchester United remain "absolutely committed" to manager Ole Gunnar Solskjaer, says executive vice-chairman Ed Woodward, as the club's first-quarter financial results are released early in error.

China Muslims: Volkswagen says 'no forced labour' at Xinjiang plant

The car maker defends continued production in a Chinese region mired in allegations of rights abuses.

Switzerland moves to close bribery loophole

Bribes paid to private individuals will stop being tax deductible from 2022, the government said.

Airbnb glitch cancels trips after deactivating user accounts

A system error during "routine maintenance" cancelled bookings for hosts and users.

No, Ticketmaster won't force you to have a Covid vaccine

The company denies reports claiming fans will need proof of a vaccine before attending a gig.

Hugo Boss drops Scouse slogan copyright action

Artist John Charles says he is "buzzing" after reaching a "boss" agreement with the fashion label.

What is equal pay and how can you find out if you are getting it?

The BBC has been cleared of unlawful pay discrimination against women, but what is equal pay?

Covid: WH Smith slumps to a loss as pandemic hits sales

Lockdown measures and the slump in travel have seen the retailer's revenues tumble.

Covid 19: I've lost my job, should I retrain?

The pandemic has caused thousands of people to lose their jobs. How easy is it to find a new career?

UK economy bounces back from recession

The UK economy grows by a record 15.5% in July to September, but remains below its pre-Covid level.

Wednesday, November 11, 2020

Singles Day: Luxury brands jump on China's shopping event

Singles Day doubles its online sales as the world's largest shopping spree takes in $74bn.

CEO Secrets: The dads getting entrepreneurial in lockdown

The CEO Secrets series hears from three fathers who have juggled start-ups and childcare in lockdown.

Are big retailers exploiting lockdown loopholes?

Some chains are capitalising on rules that allow them to sell non-essential goods alongside food.

Covid means UK 'sleep-walking into a debt crisis'

A charity says the pandemic has pushed more people into severe problem debt.

Kickstart scheme creates 19,000 work placements

The £2bn scheme has led to more than 19,000 work placements being created, the Treasury says.

Amazon's Ring video doorbells catch fire because wrong screw used

There have been dozens of cases of property damage and injuries to owners.

‘I have to pay £40,000 because of flammable cladding’

“Flammable cladding on my block of flats is costing me £40,000.”

Capital gains tax: Overhaul urged by government body

The chancellor commissioned the report in July as part of efforts to cover Covid-19 costs.

Coronavirus: M&S expands its scan-and-pay app to all UK stores

The retailer says it is bringing the service to 573 stores as part of its response to Covid-19.

Rolls Royce plans 16 mini-nuclear plants for UK

The firm says the project will create 6,000 new jobs in the Midlands and the North of England

TikTok asks Donald Trump: 'Are we still banned?'

The Chinese viral video service's owner ByteDance begins a legal challenge against the US ban.

Guinness recalls alcohol-free cans over contamination fears

The firm has announced a "precautionary" recall of its recently-launched non-alcoholic stout.

Government to protect key UK firms from takeovers that threaten national security

A new bill will allow the government to curb deals seen as posing an unacceptable risk to safety.

Coronavirus: Wetherspoons calls rules 'baffling and confusing'

The pub chain's boss says Covid restrictions are "a muddle" as first quarter sales fall 27.6%.

Tuesday, November 10, 2020

Covid lockdown: Boutiques 'livid' at 'unfair' shop restrictions

A group of fashion boutiques say there is not a level retail playing field in second lockdown.

China to clamp down on internet monopolies

The regulations suggest increasing unease in Beijing with the growing influence of digital platforms.

Diversity: UPS relaxes rules on beards, braids and piercings

The parcel delivery firm says it will loosen guidelines for more than 500,000 workers globally.

Tax working from home 'to support vulnerable jobs'

New report says working from home should be taxed at 5% to help those whose jobs are under threat.

‘I’m trapped by my mortgage – let me escape’

MPs are looking at proposals that could free thousands of people from high-interest mortgages

Detectives and noxious locks take on bike thieves

The cycling industry is coming up with innovative ways to deter a wave of bike crime.

Covid: 'It's a relief for us to talk about money'

People aged 18 to 24 have taken a Covid-related financial hit but are least likely to open up about it.

Job search: Married couple forced apart during pandemic

Lake District-based couple had to move apart after the company they worked for went bust.

Amazon charged with abusing EU competition rules

The EU says the platform is using data on its third-party sellers to gain an unfair advantage.

Black Friday on Amazon: How to spot fake reviews online

As Black Friday goes online only this year we look at how to spot fake reviews.

Oxo and Bisto owner Premier Foods sees 'exceptional' demand

The firm attracts over a million new customers as people turn to comfort foods during the pandemic.

Monday, November 9, 2020

UK jobless total continues to surge

The UK's unemployment rate grows to 4.8% as coronavirus continues to hit the jobs market, latest figures show.

McDonald's to introduce plant-based burgers and fast food

The fast-food giant said it could also offer plant-based chicken substitutes and breakfast sandwiches

China's Singles Day: 3m people, 4,000 planes and cargo ships

The world's biggest 24-hour online shopping requires a huge effort to deliver all the goods on time.

Asian markets rally on good Covid-19 vaccine news

Stock markets across the region all headed higher as investors reacted to possible virus breakthrough

Covid lockdown: Impulsive online spending 'like a drug'

People with mental health conditions can find it harder to stop spending too much online, a charity says.

How artificial intelligence may be making you buy things

Retailers are increasingly using AI to try to predict and encourage what customers purchase.

How intra-African trade is progressing amid the pandemic

Tariff negotiations are continuing but the pandemic has impacted progress of intra-African trade.

Aldi extends click and collect to 200 more shops

The discount supermarket chain is expanding its trial as it faces growing competition from rivals.

EU imposes tariffs on $4bn of US goods in Boeing row

But the EU signals that it hopes for a settlement when Joe Biden becomes US president next year.

Covid vaccine: First 'milestone' vaccine offers 90% protection

The vaccine is a "significant step" forward for getting life back to normal, but challenges remain.

Covid-19: Stock markets soar on Pfizer vaccine news

Shares jump after the drugs firm says analysis indicates its coronavirus vaccine offers 90% protection.

Covid: Norwegian Air faces 'very uncertain future'

The airline faces a battle for survival after the Norwegian government declines further support.

Apple puts iPhone supplier on probation for labour violations

Students on a work-study programme at Pegatron were made to work overtime and night shifts, Apple says.

Four in 10 keep 'money secrets' from loved ones

Many could be hiding credit cards, loans and savings accounts from loved ones, a government body says.

'We met through MoneySavingExpert'

Laura Hawcroft from Manchester takes us through her week during the coronavirus pandemic.

The foul-smelling fuel that could power big ships

Engineers think ammonia, if made sustainably, could be a greener fuel for shipping, but challenges remain.

Sunday, November 8, 2020

Brexit: EU and UK negotiators resume trade talks in London

Negotiators are to meet again after Boris Johnson insists a post-Brexit deal is "there to be done".

'Biden Bounce' sees Japan shares hit 29-year high

Shares across Asia have seen healthy gains with the race for the White House finally over.

Virgin Hyperloop pod transport tests first passenger journeys

The "sci-fi" travel concept involves travelling in pods inside vacuum tubes at very high speeds.

'Real living wage' rises to £.9.50 an hour

More than 800 employers have accredited with the Living Wage Foundation since the start of the pandemic.

Boris Johnson to chair nuclear summit

The government is committed to building nuclear power stations to decarbonise the UK's electricity.

How will Joe Biden change US trade relations?

Will a change of guard in the White House make much difference to America's trade policy?

Pandora paying all staff in full through pandemic

The world's largest jeweller has no plans for permanent store closures despite the impact of Covid-19.

Coronavirus: Hauliers included in Denmark restrictions

Rules for travel from Denmark were tightened after a coronavirus strain spread from mink to humans.

'I'm not sure how we're going to survive'

Salvatore Forte lost both parents to Covid-19. Now he is fighting to keep his business going.

Brexit: 'Significant differences remain' over trade deal

The PM and EU Commission president agree to "work hard" to reach a deal when talks resume on Monday.

Climate change: Why the UK's carbon-free future will need rules

Tackling climate change will need action right across society and the economy - with a host of new incentives.

Saturday, November 7, 2020

Just Park sorry for renting spaces behind owners' backs

Scammers are listing other people's driveways in an attempt to make money from the parking app and website, Just Park.

Jack Ma's terrible week

How Jack Ma's clash with the Chinese authorities stopped the biggest-ever share market debut.

Five questions for Joe Biden on the economy

Coronavirus, climate, taxes, tech and trade - what will Joe Biden do?

Friday, November 6, 2020

Covid-19: Lockdown 'opportunity' to fix England's roads

The AA urges councils in England to deal with potholes and junctions while fewer cars are in use.

Manchester clubs urged to pay staff 'real living wage'

Food banks write to United and City saying club staff are "struggling to put food on the table".

'I was refused a home Covid test after credit check'

A BBC investigation finds people are being refused home Covid tests because of their credit histories.

Christmas shopping done with weeks to spare

There are always a few who have everything wrapped up early, and this year they're feeling especially relieved.

Codemasters: UK games firm to sell to Take-Two

The veteran UK company has received an offer from industry giant Take-Two.

Sunny payday loan customers may get nothing in payouts

Some 500,000 Sunny customers were mis-sold payday loans by Sunny before it collapsed.

UK energy plant to use liquid air

The 50MW facility near Manchester hopes to store enough power for roughly 50,000 homes.

Popular app T&Cs 'longer than Harry Potter'

The combined terms of 13 top apps including TikTok, WhatsApp and Zoom would take 17 hours to read.

Edinburgh Woollen Mill collapse puts jobs at risk

The clothing chain and and its sister company, Ponden Home, have been placed into administration.

US jobs growth slows in October as unemployment dips below 7%

Jobs were added in the leisure and hospitality sector as US lockdown measures were eased.

Retailers criticise lockdown rules on essential items

A leading retail lobby group says government guidance over what products are essential is arbitrary.

Self-employed people 'are being left in the dark'

Newly self-employed people get no help from the government, despite the latest wage support package.

The Ripped Gym in Harlow owner arrested after staying open in lockdown

Police say they attended the gym having been "made aware of social media posts".

'Demand for bigger homes' pushes up UK house prices

UK house prices are 7.5% higher than a year ago, the Halifax says, but the lender expects a slowdown.

Thursday, November 5, 2020

Brexit: Watchdog warns of 'significant' border disruption

The National Audit Office says traders are unlikely to be ready for changes due from next January.

Bentley reveals roadmap to go fully electric by 2030

The luxury carmaker will scrap petrol engines within a decade and become carbon neutral.

Coronavirus: All Blacks rugby looking at private equity bids

New Zealand's world-famous national rugby team has seen its cash reserves hit hard during the pandemic.

Covid: Denmark removed from UK's travel corridor list

Passengers arriving in the UK from 04:00 GMT on Friday will need to self-isolate for 14 days.

UK insurer's shares rocket 46% after takeover talk

Famous for its More Than brand, RSA is in talks with Canadian and Danish rivals about buyout.

'It's a real shame all the deli counters are shutting'

Sainsbury's says falling customer demand is behind its decision to cut its meat, fish and deli counters.

Covid: What help is available to pay my bills?

Mortgage and rent holidays, help with debts, and cutting energy and insurance bills are all possible.

'Working from home has made childcare easier'

Although studies suggest women have been doing more childcare and chores during the pandemic, could the big rise in working from home actually help mothers better balance their careers and family life.

Uber sees 'fundamental shift' in food delivery demand

The firm's Uber Eats business has more than doubled as the pandemic increases appetite for takeaway.

Covid: Was it right to extend the furlough scheme?

Critics say extending the scheme to protect jobs will only delay the inevitable

Bitcoin: $1bn seized from Silk Road account by US government

The US Department of Justice confirms it has seized about 70,000 bitcoins.

Boohoo, H&M and Nike deny Uighur forced labour allegations

The fashion brands deny reports their suppliers use the forced labour of Uighur Muslims in China.

Former BHS owner jailed for 6 years for tax evasion

A court heard Dominic Chappell spent the money that was owed on two yachts and a luxury holiday.

Coronavirus: Rolls-Royce to cut 1,400 jobs as cull continues

The engine manufacturer has not said which British sites will feel the brunt of the latest cuts.

Lockdown 2.0: What I bought before the shops closed

On the last day before shops close in England, we asked people in Milton Keynes what they bought.

Covid-19: Nintendo profits triple as games boom continues

The video games industry rakes in revenues around the world as coronavirus lockdowns continue.

Sunak expected to extend furlough scheme to March

The expected move follows days of wrangling over the scope and duration of the wage scheme.

Caterpillar: Up to 700 jobs to go at Larne plant

The job losses are expected to happen over the next 18 months and would leave the firm with 900 staff in NI.

Sainsbury's to cut 3,500 jobs and shut Argos shops

Most of the jobs will go at Argos, but the supermarket also plans to shut its fresh food counters.

What is quantitative easing and how will it affect you?

The Bank of England is to pump £150bn to stimulate the UK economy, but how will it work?

Wednesday, November 4, 2020

Bank of England injects extra £150bn into economy

Policymakers keep interest rates at record low of 0.1%

Indonesia in recession for first time in 22 years

South East Asia's biggest economy relies heavily on tourism, which has dried up during travel curbs.

Chinese President Xi opens up to more trade deals and imports

The Chinese president has called for more cooperation in international trade as his economy recovers.

Chinese President Xi opens up to more trade deals and imports

The Chinese president has called for more cooperation in international trade as his economy recovers.

Thai Airways: Holy flights, dough fritters and home-made bags

Thai Airways is getting very creative as it looks to raise cash during the Covid-19 travel downturn.

Lockdown: 'I swing between anger, hope, despair'

As another lockdown begins, workers not entitled to self-employment support are increasingly desperate.

Coronavirus: Which shops will be allowed to open in lockdown?

From Thursday there will be strict rules on which retailers can and cannot remain open.

Santa to visit virtually as Christmas grottos cancelled

Events organisers have coordinated Covid-safe video calls with Mr Claus over lockdown.

Denmark to cull up to 17 million mink amid coronavirus fears

Cases of a mutated strain of Covid-19 have been detected that may undermine future vaccines.

CEO Secrets: 'You're selling a new version of yourself'

Journalist-turned-social media entrepreneur Sara McCorquodale reveals her business advice for the CEO Secrets series.

Coronavirus: Shoppers flock to stores as lockdown looms

Shoppers report lengthy queues as demand surges ahead of England's month-long lockdown from Thursday.

Uber and Lyft win battle over driver status in California

Drivers will continue to be classified as contractors, rather than employees, in the state.

John Lewis and Lloyds Bank cut many hundreds of jobs

The cuts - totalling more than 2,200 - come as both businesses continue their restructuring.

Markets volatile as US election outcome uncertain

European shares zigzag after incumbent President Donald Trump vows to launch a Supreme Court challenge.

M&S slumps to first loss in public firm's history

The British retail stalwart saw clothing and home sales fall due to the impact of lockdowns.

Tuesday, November 3, 2020

The young Norwegians taking their own country to court over oil

Despite Norway's green credentials, its infamous state wealth is due to its huge oil exports. This week, Norwegian youths are challenging this double standard in the Supreme Court.

Be a 'secret agent' and other new ways to exercise

Turning a run into an adventure is just one of the innovations in the exercise industry.

Covid: Small shops 'more agile' than big ones in pandemic

Independent shops have been better at surviving Covid-19 than chain stores, data indicates.

TikTok star Emily Canham falls foul of UK ads watchdog

Social media influencer Emily Canham is the first to be reprimanded over a video posted to TikTok.

Pub plans eased as takeaway beer sales now allowed

Pre-ordered alcohol can be collected by customers as long as they do not enter the premises.

Financial markets rise ahead of US election

Uncertainty about the outcome of the race has weighed on share prices in recent weeks.

Covid: Hertfordshire firm sues as £45m NHS masks deal collapses

A Hertfordshire company is alleging fraud by its supplier based in the British Virgin Islands.

John Lewis and Currys PC World extend hours ahead of lockdown

John Lewis and Currys PC World among those opening later as demand surges ahead of lockdown.

Jack Ma's Ant Group $34bn market debut in doubt

The biggest stock market listing to date is in doubt after the process is suspended in Shanghai.

Covid: Lockdown 'turned back the clock' for disabled shoppers

People with disabilities have found some websites and apps impossible to use when buying items and services.

Primark sees pyjamas in and suits out in Covid shift

The retailer's owner, Associated British Foods, says the change reflects how "we live our lives".

Covid: Finance firm refusing car loans to hospitality sector

One company has written to car dealers saying it will not now lend to people working in the pub industry.

Rishi Sunak 'must come up with six-month economy plan'

Labour accuses the chancellor of "panicked" decision-making after he extended furlough.

Greater Manchester businesses 'treated with disrespect', say owners

The claim comes as a poll suggests people in the region think the government treated the South better.

Covid in Scotland: The businesses born in a pandemic

BBC Scotland's The Nine has been hearing from those setting up companies during the Covid pandemic.

Monday, November 2, 2020

Walmart drops inventory robots from its stores

The supermarket giant is bucking the trend as more companies introduce automation into our lives.

Chinese firm moves from adult diapers to face masks

Daddybaby has been given approval by British standards agency and EU to provide protective equipment.

Lockdown retail: 'It has been the toughest year I've ever had'

'Non-essential' retailers have to shut for a month from Thursday and they are scrambling to adapt.

Third of staff 'fear catching Covid at work'

The poorest paid are particularly worried - but are also the least likely to speak up, research finds.

US businesses brace for election unrest

Shopskeepers have been boarding up windows in anticipation of unrest.

Indians asked to eat more sugar to tackle oversupply

India is already the world's biggest consumer of the sweetener

Self-employed to get more financial help

The government has announced self-employed workers can claim up to 80% of profits, from 40% before.

Lockdown: Andrex maker has '100 million toilet rolls standing by’

As England prepares for a second pandemic lockdown, the maker of Andrex says it will prevent shortages.

'We will have to throw our beer down the drain'

Pubs express dismay at latest lockdown amid fears of more job cuts and permanent closures.

All I want for Christmas is... 33,000 songs

Hipgnosis Songs Fund snaps up half the rights to Mariah Carey's inescapable festive tune and many others.

Credit card freeze extended for six months ahead of new lockdown

Customers will be able to defer payments for up to six months if they have not already done so.

Coronavirus: Is virtual reality tourism about to take off?

Tourism boards, hotels and destinations are turning to virtual reality to woo potential visitors.

Covid: Ryanair losses grow and passenger numbers plunge

The airline expects losses to continue increasing after 80% fewer people flew with the airline.

Australia Post boss resigns over luxury watches scandal

Christine Holgate faced criticism after public money was spent on Cartier watches for employees.

Sunday, November 1, 2020

New coronavirus lockdowns lead to oil price slump

Worries about a fall in global demand have caused jitters across commodities and share markets.

Business borrowing from banks 'up fivefold' amid coronavirus

Firms have been adding to their borrowing in order to survive the pandemic as many have seen sales slump.

TikTok failed to ban flagged 'child predator'

App initially did not terminate account of man offering to send naked image to 14-year-old's account.

Ant Group: How it became a financial giant

As China's Ant Group prepares for its stock market debut, we look at how it established its empire.

Coronavirus: Can I still go on holiday?

Overnight stays in England and trips abroad will be banned for four weeks from Thursday.

Mortgage holidays extended for up to six months

The scheme to help borrowers facing financial difficulty had been due to end on 31 October.