Friday, December 31, 2021
Nationwide customers hit by payment glitch
Customers were left questioning why their wages had failed to appear in their account on Friday.
Thursday, December 30, 2021
Covid: Cathay Pacific flights cut after Hong Kong clampdown
The announcement comes after the city tightened its coronavirus quarantine regulations for aircrew.
Tesla to recall 475,000 cars in the US
The number of cars being recalled is nearly equivalent to the firm's global deliveries last year.
Santander: Bank hands out £130m in Christmas blunder
The error meant around 75,000 people woke up on Christmas morning to a surprise payment from Santander.
Average house price hits record high of £255,000
Typical prices leap almost £24,000 since January, making the strongest year since 2006, Nationwide says.
Wednesday, December 29, 2021
China ride-hailing giant Didi sees losses deepen after crackdown
This month the company announced that it would move its share listing from New York to Hong Kong.
New home and car insurance rules mean change in prices
Anyone renewing their policy will pay no more than they would as a new customer from 1 January.
Elon Musk rejects claims that his satellites are hogging space
His comments come after China complained to the United Nations about his internet satellite project.
Sofology: We spent our Christmas on deckchairs
Customers of the furniture chain say they have been left without orders and in the dark.
Apple puts Indian iPhone factory 'on probation'
Hundreds of staff at Foxconn in Sriperumbudur were reportedly hit by food poisoning.
TikTok moderator sues over 'psychological trauma'
Candie Frazier says her mental health suffered after watching "extreme and graphic" video content.
Adnams brewery boss says sector lost 50% of Christmas trade
Dark months are ahead for the hospitality industry, the chief executive of Adnams says.
Tuesday, December 28, 2021
UK cost of living squeeze in 2022, says think tank
The Resolution Foundation says households face a £1,200 hit due to higher taxes and energy bills.
Boeing 737 Max: Indonesia lifts ban after 2018 Lion Air crash
The announcement came just a day after Ethiopian Airlines said it would resume 737 Max flights.
Vinyl sales soared again in 2021, thanks to Abba
The pop icons' surprise return helped UK vinyl sales top five million for the first time since 1990.
Riot Games to pay $100m in discrimination case
The League of Legends maker agrees to settle a 2018 gender discrimination class-action lawsuit
How invisible barcodes could increase plastic recycling
A pan-industry scheme is testing invisible barcodes on plastic packaging to boost recycling rates.
The African nation aiming to be a hydrogen superpower
Namibia wants to use its abundance of sunshine and wind power to make and export hydrogen.
UK air travel sees huge slump in 2021 due to Covid
International flights to and from the UK fell to just 400,000 this year, says analytics firm Cirium.
Covid: Welsh pubs and bars hit 'far worse' than in England
Pubs and bars fear tougher Covid rules in Wales will see New Year's Eve custom cross the border.
Covid: Enjoy new year but be cautious, care minister says
People should take a rapid test before going out for new year's eve, Gillian Keegan says.
Monday, December 27, 2021
No new Covid curbs hailed as "lifeline" for pubs
The hospitality sector welcomes the decision, saying it can now trade for its "survival" this weekend
Elon Musk criticised after China space complaint to UN
The SpaceX boss was attacked on Chinese social media after the complaint was made public.
Shoppers shun Christmas sales as footfall drops amid Covid fears
New data reveals a 37.2% decline in footfall compared with 2019, with central London badly affected.
Sunday, December 26, 2021
Energy prices: Government must show more urgency, says Ovo boss
Stephen Fitzpatrick predicts an "enormous crisis" in 2022 unless the government helps consumers.
Airlines around the world cancel flights
More than 1,300 flights are scrapped on Monday, capping off a tough festive period for travellers.
Spider-Man: No Way Home becomes first pandemic-era film to top $1bn
It beat Chinese Korean War epic The Battle of Lake Changjin to be the highest grossing film of 2021.
Business Review of 2021: Climate change and Covid
2021 saw countries grapple with climate change's economic challenges, and Covid's continuing impact.
Covid: Travel misery for tens of thousands as flights are cancelled
Chinese and US airlines are hardest hit amid a surge in Covid cases in many countries.
How this clip restored one man's dream of being a pilot
The story behind a face mask clip that restored a young man's dream of being a pilot.
Saturday, December 25, 2021
Trump Scottish golf resorts claimed over £3m in furlough
Accounts reveal the former US president's two golf courses in Scotland made financial losses last year.
Friday, December 24, 2021
Shoppers avoid city centres on Christmas Eve, figures suggest
The number of visitors to city centre High Streets is down, with inner London taking a big hit.
Tesla disables gaming while driving feature
It follows an inquiry into Passenger Play, which allowed games to be played while a car was moving.
CrossCountry: Strike action affects Christmas Eve train journeys
Train operator CrossCountry says it has cancelled many services on Friday.
Thursday, December 23, 2021
Selfridges sold for £4bn to Thai-Austrian alliance
The British luxury store chain is being bought by Thailand's Central Group and Signa Group of Austria.
Cities start to attract property buyers again
Data suggests that demand for flats is reviving after the race for space during the pandemic.
Covid: £10m Bounce Back Loan fraudsters jailed
Two men are jailed for a total of 33 years for laundering £70m, of which £10m came from Covid loans.
Scotland's nightclubs to close for three weeks from 27 December
It follows new restrictions being put on public events and venues earlier this week due to concern over Omicron.
Christmas travel in full swing despite disruption
Almost half of Britons are to travel to visit loved ones, but caution about Omicron is widespread.
Intel apologises to China over supplier advice
The US technology firm says sorry after it urged firms not to source products from Xinjiang.
Energy bills to soar 50% unless government intervenes, industry warns
Households face another sharp rise unless the government intervenes to ease the impact of gas prices.
Wednesday, December 22, 2021
Sri Lanka plans to pay off Iran oil debt with tea
The country says it hopes to send Iran $5m worth of tea each month to clear its debt.
CrossCountry: Strike action set to disrupt Christmas Eve trains
A union says members voted to strike as they felt the role of guards was being undermined.
Isolation rule change will mean fewer rail cancellations, says industry
Shorter Covid self-isolation in England should mean fewer cancelled trains, says the Rail Delivery Group.
UK economic growth slower than first thought before Omicron hit
Official figures for growth before Omicron impact are revised down on weaker consumer spending.
Housebuilder Taylor Wimpey axes ground rent rises
Thousands of leaseholders who bought its homes will no longer see ground rents double every 10 years.
Zee announces merger with Sony to create India's second largest entertainment network
Zee and Sony announced they will merge their television channels, film assets and streaming platforms.
Tuesday, December 21, 2021
OnlyFans founder is making way for firm's marketing chief
The founder of the content subscription site is stepping aside to focus on new endeavours.
Covid passports: Club owner's mum gives out lateral flow tests all night
Rich Gilbert says 30% of people arriving at his nightclub didn't know they needed a Covid passport.
Nationwide customers hit by payment delays
Problems with inbound and outgoing payments mean some people face issues receiving their wages.
Mixed reaction to latest Covid package for firms
Hospitality firms welcome new support grants to deal with Omicron, but others feel overlooked.
Hundreds of trains cancelled as Covid hits railways
Christmas journeys are at risk as train operators prepare for more disruption.
Covid: Chancellor announces £1bn fund for hospitality
It comes as pubs and restaurants struggle with reduced footfall and cancellations amid Covid fears.
Covid: Sick pay rebate scheme is reopened for businesses
Small and medium-sized businesses can claim back money spent on sick pay for Covid-hit employees.
Turkish lira in comeback after new plan unveiled
The lira sees strong gains for the second day running in response to moves to strengthen the currency.
Boeing and Airbus warn US over 5G safety concerns
The world's two biggest plane makers say the technology could have a negative impact on the aviation industry.
UK Supreme Court denies Maduro claim to Venezuelan gold
The ruling means only opposition leader Juan Guaidó can access Venezuelan gold reserves in the UK.
Government borrowing falls in November
Borrowing fell last month, but was still the second-highest number on record for November.
Monday, December 20, 2021
Viya: Top Chinese live-streamer fined $210m for tax evasion
Internet celebrity Huang Wei, known as Viya, is accused of hiding her personal income from officials.
Elon Musk says he'll be paying $11bn in tax this year
The Tesla founder and world's richest person has been involved in a public spat over his tax bill.
Fake Covid passes advertised for sale online
The BBC has found Facebook posts claiming to sell Covid vaccine passes for people who haven't been jabbed.
Davos business leaders' event postponed over Omicron
The World Economic Forum has been rescheduled for "early summer" due to the spread of Covid.
Hobnobs maker warns biscuit prices could soar
McVities, which also makes Jaffa Cakes and Penguins, is facing higher ingredient and labour costs.
Covid: Pubs and restaurants call for urgent help
Hospitality firms say action is needed "in the next 24 hours" as they struggle with the Omicron impact.
Sunday, December 19, 2021
Evergrande: China's efforts to contain its Lehman moment
China is handling the crisis very differently to the way the US dealt with the Lehman collapse.
Liz Truss replaces Lord Frost in post-Brexit talks
The foreign secretary will become the UK's lead negotiator with the EU over the Northern Ireland Protocol.
Will Omicron stall the airline sector recovery in 2022?
The rise of a new variant risks delaying a long hoped for bounce back for global aviation.
Covid: Business alarmed at prospect of further restrictions
The health secretary refused to rule out further restrictions for England, as Omicron continues to spread.
BBC Bitcoin mining report used in crypto-scam
The BBC’s Silicon Valley correspondent investigates how his report was used to steal life savings.
Lord Frost resigns as Brexit minister
He says he hopes Boris Johnson will not be tempted by "coercive measures" to tackle Covid.
Friday, December 17, 2021
Travellers 'devastated' over French restrictions
Holidaymakers and hoteliers share the impact of travel rules set to come into force on Saturday.
Rail fares to rise at fastest pace for nine years
Regulated rail fares in England, which include season tickets, will rise by 3.8% in March.
HSBC fined £64m for anti-money laundering failings
The UK financial regulator says the fine was for "unacceptable" risks at the banking giant.
Thursday, December 16, 2021
Money manager disappears with $313m from Chinese builder
China Fortune Land Development says it lost contact with a money manager in the British Virgin Islands.
US Congress passes import ban on Chinese Uyghur region
The bill overcame opposition from Coca-Cola, Nike and Apple and an initial lack of White House support.
The price of a Turkish breakfast staple has risen 40%
How the government's unorthodox approach to the economy is making everyday goods unaffordable
The apps ready to deal with our Christmas food leftovers
The amount of food that's still edible but ends up being binned soars over the holiday period.
Brexit: UK signs free trade deal with Australia
Ministers say it will unlock £10.4bn of trade, but UK farmers have concerns about being undercut.
M&S v Aldi round 2: First it was cake, now it's gin
The retailers are locked in a legal spat for the second time this year - this time over bottles of gin.
Wednesday, December 15, 2021
Covid: 'Three of us left' - Firms hit by sickness wave
Employers are feeling the impact of staff shortages as cases hit a new record.
'If you eat here, you're dining with rats'
Some New Yorkers are cooling on the craze for street-side restaurant sheds, due to noise and vermin.
A380: last of the superjumbos handed to new owner
The final A380 to leave Airbus' production line has been handed to its new owner. What does the future hold for the plane?
Federal Reserve to withdraw stimulus more quickly
The US central bank will reduce its stimulus more rapidly, and expects to raise interest rates next year.
Social care: Official advisers want immigration rules to be eased
The government's official migration advisers say the sector faces "severe" problems finding staff.
Motoring groups criticise cut in electric car subsidies
The government has further reduced the amount of subsidy for buying electric cars, this time from £2,500 to £1,500.
Tuesday, December 14, 2021
Banks to share premises amid mass branch closures
Independent assessors will decide what services are needed in a local area when a branch is closed.
Watchdog bans seven ads in crypto 'red alert'
Cryptocurrency ads by trading platforms, exchanges and a pizza chain broke rules, the ASA found.
How vending machines are making life better for Kenyans
By thinking small vending machine firms are delivering more affordable products for Kenyan shoppers.
Law student, 19, sues landlord and wins first case
Jack Simm sued his landlord after saying his accommodation was like a "building site".
Stagecoach and National Express agree to merge
The move comes after talks between the bus and coach rivals were first revealed in September.
Covid: 'I've had 3,200 bookings cancelled at my pubs'
Pubs and restaurants face a huge cashflow hit due to Plan B restrictions causing Christmas cancellations.
Miami is banking on cryptocurrency and New York wants in
MiamiCoin and NYCCoin are experiments designed to put these cities on the cryptocurrency map.
Monday, December 13, 2021
Online Safety Bill: New offences and tighter rules
The next stage of the landmark Online Safety Bill recommends major changes and tougher regulation.
How hologram tech may soon replace video calls
The coronavirus pandemic and travel bans have accelerated interest in holographic communication.
Amazon criticised over safety at tornado-hit warehouse
The firm said events happened quickly at the Illinois site and it was "deeply saddened" by the deaths.
Post Office scandal: Government to foot bill for postmasters' compensation
The Department for Business said that the impact on postmasters' lives "cannot be overstated".
Bank of England: UK resilient but Covid fears remain
The Bank of England's latest stability report says new variants could still have a big economic impact.
NatWest fined £265m over money-laundering failures
The state-backed bank had pleaded guilty to failing to prevent money-laundering of nearly £400m.
Sunday, December 12, 2021
Half of UK families £110 a year worse off since 2019, report says
Study by the New Economics Foundation suggests the income gap has widened since the General Election.
Covid: Work-from-home guidance reintroduced in England
People should now work from home if they can to help curb the spread of Omicron, the government says.
And Just Like That: Peloton responds with parody ad after shares tumble
The exercise equipment maker released an online parody after scene that sent its shares tumbling.
Indian PM Modi's Twitter hacked with bitcoin tweet
The Indian prime minister's account had a message stating that bitcoin would be distributed to citizens.
Alibaba fires employee who accused boss of rape
The Chinese e-commerce firm has fired the woman, who went public with accusations in August.
How this country became Europe's cargo bike hub
In Germany, generous subsidies are leading to more sophisticated cargo bikes.
Royal Mail staff absences double levels of 2018
A source with close knowledge of the firm said there were widespread problems due to sickness and demand.
Friday, December 10, 2021
Businesses call on the government for more help
Firms are calling on the government for more support after Plan B Covid restrictions take effect.
LV= members reject Bain Capital takeover deal
Members have rejected the £530m deal and so the insurance firm remains as a mutual.
US price rises hit highest level for 40 years
Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.
Thursday, December 9, 2021
Starbucks to get its first unionised US store since 1980s
Staff at one branch vote to unionise, the first in the coffee chain's own stores since the 1980s.
UK warns US of retaliation over steel tariffs
After "very frank" talks in Washington, the UK's international trade secretary says action may be taken soon.
'I borrowed £50 and we ended up homeless'
People could fall into serious debt if they use loan sharks this Christmas, charities warn.
HS2 agrees £2bn deal to build UK's fastest trains
Hitachi and Alstom will build more than fifty 225mph trains for the high speed network.
Evergrande: China property giant misses debt deadline
Chinese property giant declared in default by a credit rating firm after missing a crucial interest payment.
Covid: Manchester Airport Group calls for review of travel rules
The owner of Manchester, London Stansted and East Midlands airports is calling for urgent action.
Parcel firms told to improve how they handle complaints
When things go wrong customers often have problems resolving complaints, the regulator says.
Wednesday, December 8, 2021
CEO Secrets: 'Call centre work trained me to be a CEO'
Steven Bartlett, the 29-year-old co-founder of Social Chain, shares his business advice.
Elizabeth Holmes testifies she 'never' misled investors
Holmes' defence team rested their case after seven days of testimony from the Theranos founder.
Covid vaccine passports 'devastating' for nightclubs
An industry body says nightclubs and bars should not be "thrown under the bus" by the government.
New home working order another blow for small firms
New guidance to work from home is greeted with dismay by firms that thrive when workers are in offices.
Boss says sorry for 'blundered' mass Zoom firing
Vishal Garg says he "is deeply sorry" for sacking 900 staff in an online meeting.
Tesco depot staff suspend pre-Christmas pay strikes
Up to 1,200 workers across four sites have halted walkouts over pay, the Unite union says.
Jailed banker 'shocked' and 'disappointed' at appeal decision
Jailed banker Tom Hayes has been refused the chance to take his case back to the courts.
Call centre staff being stalked and abused, says bank boss
First Direct is one of 50 firms warning of a rise in abuse by customer in the run-up to Christmas.
Tuesday, December 7, 2021
Treasury inflation warning on public sector pay
The Treasury has warned that higher public sector pay could make high inflation rates persist.
Amazon services down for thousands of users
Customers of the e-commerce giant report problems with shopping services, Prime Video and Alexa.
Quarantine hotels: Returning Brits struggle to book
Some UK residents coming back from South Africa are still struggling to find quarantine hotel rooms.
Christmas dinner costs rise as inflation bites
Turkeys, sprouts and Christmas puddings are more expensive this year, research suggests.
Super-rich increase their share of world's income
A major report on wealth and inequality says 2020 saw the steepest rise in billionaires' wealth on record.
Instagram announces changes ahead of political grilling
Platform boss unveils new safety features a day before being quizzed by the US Senate.
House price growth at 15-year high, says Halifax
However, the pace is unlikely to be maintained as household budgets are squeezed, the lender says.
Monday, December 6, 2021
Rohingya sue Facebook for £150bn over Myanmar hate speech
The social media giant is accused of fuelling violence against the persecuted minority in Myanmar.
Wall Street watchdogs probe Trump media firm deal
At the weekend the Trump Media and Technology Group said it had secured $1bn of investment.
Byju's and the other side of an edtech giant's dizzying rise
Indian firm Byju's faces allegations of pursuing hyper growth using high pressure sales tactics.
The tech helping shops - and Santa - deliver this Christmas
A number of tech solutions are out there to help retailers optimise sending out our presents.
Covid testing: New PCR rules throw plans into disarray
New PCR testing rules come into force on Tuesday for travellers arriving in the UK.
Hong Kong Covid: The Cathay pilots stuck in 'perpetual quarantine'
One Cathay Pacific pilot said he had spent almost 150 days in quarantine this year alone.
Tesco: Pre-Christmas strikes planned by 6,500 depot staff
Trade union Usdaw said 5,000 members at nine warehouses across the country will take industrial action.
US boss fires 900 employees over Zoom
"Last time I did this I cried," said the head of the online mortgage lender laying off 15% of his staff.
Spar cyber attack hits more than 300 convenience stores
The attack targeted a company in Lancashire which operates Spar's tills and IT systems.
Uber likely to start charging VAT on rides after UK ruling
In a move that will affect the whole taxi industry, a judge has ruled Uber must make contracts with its customers.
Warnings Covid travel test prices are misleading
The government's website to find travel tests "is not serving its purpose", an industry trade group says.
New York's workers must all have vaccine by 27 December
The city's mayor is introducing a vaccine mandate for all private sector employees from 27 December.
Covid: Sainsbury's asks staff to delay Christmas parties
The supermarket will reimburse workers for postponed parties amid emergence of the Omicron variant.
Evergrande shares slump on renewed default fears
Shares in the Chinese property giant sink 20% as worries about company's future return.
Sunday, December 5, 2021
Dalio: Comments on China's human rights misunderstood
Last month, JP Morgan's Jamie Dimon apologised for comments he made about the Chinese Communist Party.
Large gender pay gaps persist over the last 25 years
Once increases in women’s education are accounted for, the gender pay gap change is only 3% since 1995.
HGV driver shortage: Signs pressures are easing, trade group says
Fewer drivers are leaving the profession, Logistics UK says, but more action is needed to attract recruits.
Tesco: Distribution centre workers plan pre-Christmas strikes
Up to 1,200 workers across four sites will stage walkouts over pay, according to the Unite union.
Parag Agrawal: Why Indian-born CEOs dominate Silicon Valley
Parag Agrawal, Twitter's new CEO, is the latest of several Indian-Americans leading global tech firms.
Trump social media firm raises $1bn from investors
The former US president is working to launch a social media app called Truth Social early next year.
Saturday, December 4, 2021
Covid travel test changes a 'hammer blow' to industry
The return of pre-departure tests for travellers to the UK will come into force on 04:00 GMT Tuesday.
Coronavirus: UK tightens travel rules amid Omicron spread
Travellers to the UK will have to have a negative Covid test before departure, the government says.
Friday, December 3, 2021
Fraud: 'I had £18,000 stolen after my drink was spiked'
Fraudsters appear to be adopting the "sinister" tactic of spiking drinks to steal money, campaigners warn.
MH370: Could missing Malaysian Airlines plane finally be found?
A British engineer believes he may help solve one of the world's greatest aviation mysteries.
December rate rise hangs in balance amid Omicron
A Bank of England policymaker says he wants more data on new virus variant before rates decision.
US jobs growth falls far short of expectations
Employers took on 210,000 new workers in November, less than half the number that had been expected.
Cambo: Jobs warning as Shell pulls out of oil field development
Climate change campaigners welcome the move but business leaders voice fears for the future of thousands of jobs.
Selfridges set for £4bn sale to Thai retail giant
The billionaire Weston family are close to selling the famous luxury stores chain to Central Group.
Shell pulls out of Cambo oil field development
The oil giant said the economic case for investment in the controversial project was "not strong enough".
Why Turkey's currency crash does not worry Erdogan
Turkey's national currency has plummeted 45% against the dollar this year
Thursday, December 2, 2021
US creditors can now DM debtors on social media
The new rule lets debt collectors text and direct message millions of Americans who default on loans.
China app giant Didi plans US stock market exit in move to Hong Kong
The move comes after the company came under intense scrutiny from regulators in the US and China.
Retailers make 'shocking' petrol profit says RAC
Fuel retailers are charging unnecessarily high prices for petrol according to the RAC motoring organisation.
Covid loan anti-fraud checks inadequate, says watchdog
The government acted too slowly to stop fraudsters exploiting its Bounce Back Loan scheme, a report says.
Would you give 10% of your salary to charity?
A growing number of people are deciding to give up a substantial chunk of their wages.
Virgin Media outage hits UK TV viewers
The firm apologises after some customers are left with no access to TV services for more than 10 hours.
Elle to stop promoting the use of animal fur in its magazines
It is the first major fashion publication to make the pledge, citing its support for animal rights.
Countries reach landmark deal to cut trade costs
Members of the World Trade Organization agree to cut red tape to boost trade in services.
Ride hailing app Grab makes $40bn market debut
Shares start trading in ride-hailing firm Grab which has used a shell company for its flotation.
Banks fined over collusion in currency trading
Barclays, RBS and HSBC are among firms penalised by the European Commission after an investigation.
UK plays down Brexit link in US steel tariff row
Reports suggesting a US decision to maintain tariffs on UK steel is linked to Brexit
Covid: Omicron fears cause wave of hotel cancellations
Best Western is one hotel group that has seen many customers scrapping Christmas bookings.
Covid: Anglo American to introduce mandatory vaccinations
Anglo American, which employs 95,000 worldwide, is consulting on compulsory Covid jabs for all workers.
Wednesday, December 1, 2021
Disney elects woman as chairman for first time in 98-year history
Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger at the end of the year.
Rising energy bills: 'My teenager disappears under coats at night'
A charity estimates that domestic gas bills in April will be double those of 18 months earlier.
Firms opt for smaller Christmas parties over Omicron fears
Companies are deciding against holding a big bash in favour of allowing small, optional gatherings.
EU launches €300bn bid to challenge Chinese influence
The Global Gateway infrastructure plan is described as a true alternative to Chinese influence.
Duolingo boss: 'Develop your social skills'
Luis von Ahn, co-founder and CEO of language-learning app Duolingo, shares his business advice.
Cryptocurrency executives to be questioned in Congress
Washington is joining other governments in scrutinising the rapidly expanding sector more closely.
Biden says economy 'in strong shape' ahead of holidays
The president says he is optimistic supply chains can cope with any disruption from Omicron.
Match settles legal fight with Tinder founders for $441m
Dating app Tinder's founders claimed in court that Match had undervalued the firm by $10bn in 2017.
New travel rules mean 'I can't afford to fly home'
UK residents in South Africa, which has been added to the travel red list, say new requirements are too costly.
Coronavirus: Heathrow Airport opens dedicated red list country terminal
The measure will keep passengers arriving from red list destinations away from other travellers.
Tel Aviv named as world's most expensive city to live in
Soaring inflation and supply-chain problems have pushed up prices in the 173 cities surveyed.
Zog Energy becomes latest firm to collapse in gas price crisis
Zog Energy, which has about 11,700 domestic energy customers, ceased trading on Wednesday.
Clarks shelves pay cut plans to end warehouse strike
Shoe retailer ends eight-week dispute after talks at mediation service Acas
Nationwide: UK house prices continue surge, up 10% in November
The average price of a UK house was £252,687 in November, according to the Nationwide Building Society.
Tuesday, November 30, 2021
Elon Musk jokes about whistleblowers with new Tesla product
In recent months, Tesla has faced lawsuits over alleged sexual harassment and racist abuse.
Covid: 'We could miss our son's wedding over travel rules'
Visitors to the UK say new rules to slow the spread of Omicron have thrown travel plans into doubt.
UK inflation: Rising costs could push family spend up £1,700 a year
Monthly spend over Christmas expected to increase by £109, according to projections for BBC Panorama.
'My late mother's belongings were stuck in customs'
Consumer group Which? says people sending Christmas parcels to the EU need to be aware of the rules.
Shops step in to supply cash as ATMs close
A scheme allowing shoppers to get cashback at the till will see rapid expansion in the next few weeks.
Omicron raises uncertainty around inflation, says Powell
The term "transitory" should be "retired" as a way of describing high inflation, Jerome Powell tells Congress.
Some supermarkets will not enforce mask wearing
Most supermarkets are taking a light touch when it comes to new face mask rules.
Labour shortage: Is Santa Claus coming to town this year?
With fewer Santas donning their suits and more demand for holiday cheer, Santa will be in short supply.
TSB to close another 70 branches by July
The bank had 475 branches just over a year ago, but a fresh round of closures will leave it with 220.
Global markets fall after Moderna Omicron warning
Stock markets slide after Moderna boss casts doubt on vaccine effectiveness against new variant.
Zara founder’s daughter becomes retail group's chairwoman
Marta Ortega will replace Pablo Isla as chairwoman of Zara’s parent firm Inditex.
EasyJet says Omicron has weakened bookings
But the airline's boss says it is early days and that summer bookings are close to pre-pandemic levels.
Monday, November 29, 2021
MPs back setting new-build house ground rent at one peppercorn a year
People with leases on new-build houses say freeholders are charging them exorbitant amounts.
Westpac: Australia bank pays out over charging dead people
Australia's second largest bank Westpac has agreed to pay $81m in penalties and compensate customers.
Amazon: Union election to be rerun after claims of foul play
Amazon workers in the US state will get a second chance to unionise in a major blow to the online giant.
Jack Dorsey: What's next for Twitter's co-founder?
The last time the tech visionary left Twitter, he set up another company now worth $100bn.
Why broken African phones are shipped to Europe
A lack of recycling facilities in Africa has spurred one Dutch company to import broken phones.
Covid: 'We’ve had 20 cancellations in one weekend'
As worries emerge over a new Covid variant, hospitality fears it could thwart the busiest time of year.
Mandatory masks: 'We worry people won't shop with us'
Shopkeepers are concerned about enforcing mask-wearing and terrified they will have to close again.
Facial recognition firm faces possible £17m privacy fine
Clearview AI allegedly breached privacy rules and must now delete relevant photos from its records.
Asda charters cargo ship to prevent Christmas shortages
Supermarket says the move ensures it will not run out of decorations, gifts and toys.
Twitter founder Jack Dorsey steps down as chief executive
The founder and chief executive will step down from leading the company.
Omicron: What Covid refund rights are there for holidays abroad?
What rights do you have if your holidays plans or rules change, as a new Covid variant affects travel?
Nissan boss warns no end in sight to global chip shortage
The Omicron variant could exacerbate the shortage of chips used in cars, Makoto Uchida tells the BBC.
Covid: Omicron variant causes passengers to scramble for flights
One traveller told the BBC he had found an alternative flight home, but quarantine hotels were full.
Upcoming Moon missions spur the search for new spacesuits
Nasa has asked the private sector to design new spacesuits that can be used on the Moon.
Sunday, November 28, 2021
Macau casino shares fall after 'illegal gambling' arrests
A prominent gambling industry figure in Macau is believed to be among those arrested.
More than 17 million have used buy now pay later services
Interest in buy now pay later options is surging, with growth fastest among users in their 40s and 50s.
More work needed to create green jobs, report says
Efforts to create "green jobs" need to intensify if the government is to meet its target, a report says.
Covid: Shoppers asked to respect new mandatory mask rules
The British Retail Consortium says people should show consideration to store workers and other shoppers.
Covid: BA suspends Hong Kong flights amid crew quarantine
The airline has temporarily stopped flights after more of its staff were forced to isolate.
Friday, November 26, 2021
737 Max: Boeing refutes new safety concerns
Critics claim publicly available data shows worrying failures on the 737 Max since its return to service.
Browns of Chester: How a city is coping without Debenhams
Browns of Chester served the city for 241 years before it closed when the chain collapsed in May.
UK car output suffers worst October for 65 years
Chip shortages lead to production dropping to the lowest level recorded for October since 1956.
Poorest face food crisis amid fertiliser shortage
The boss of the world's largest fertiliser producer says gas prices are responsible for higher food prices.
Covid: Airlines' share prices plunge on new variant
BA-owner IAG and EasyJet see their shares fall ahead of a suspension of flights from six countries.
Thursday, November 25, 2021
Chinese tech giant Tencent told to suspend new app roll outs
It comes as China's technology industry regulator reviews compliance with new privacy rules.
Black Friday: 'Harder to give big, headline discounts'
Steve Finch of toy retailer bopster, explains the pressures his firm is under for Black Friday this year.
Black Friday spending set to soar despite fewer deals
Analysts say this year's sale will be the biggest ever, but struggling retailers won't offer as many discounts.
Ghosn affair: The forgotten man in the Nissan scandal
Wife of a former Nissan boss on trial in Japan says he is a forgotten victim of the Carlos Ghosn affair.
Watchdog questions effectiveness of Kickstart job placement scheme
It is unclear whether the placement scheme for 16-24 year olds is working, says National Audit Office.
'I don't need a new TV, but I'll probably get one'
Black Friday is back and Americans, flush with Covid cash, are going out to spend.
Covid: Africa travel restrictions over variant fear
Several southern African countries have been added to the red list, Health Secretary Sajid Javid says.
Amazon workers plan Black Friday strikes
Strikes or protests are planned in 20 countries, on one of the busiest days of the year for retail.
Orbit Energy becomes the latest UK firm to go bust
The UK energy market has seen 23 companies collapse since September after wholesale gas prices rose.
Passports: Delivery firm apologises for UK delays
TNT-owner FedEx is sorry as hundreds say they have faced long waits to receive travel documents.
London Stratford emerges as UK's busiest station
It was the most used during a year of lockdowns that saw passenger numbers drop 78% due to Covid.
Christmas parties set to be smaller this year, says pub boss
Parties are also likely to be in venues outside city centres, says the owner of Harvester and All Bar One.
Wednesday, November 24, 2021
Inflation: South Korea raises rates to tackle price rises
It is the latest such move as soaring prices threaten to destabilise the post-pandemic recovery.
US blacklists a dozen more Chinese tech firms citing national security
The move comes as tensions grow between the US and China over the status of Taiwan and trade issues.
UK government sets aside £1.7bn to support Bulb customers
The energy firm, with 1.7 million customers, has been put into a special form of administration.
JPMorgan: Boss 'regrets' saying bank will outlast Chinese Communist Party
Jamie Dimon has apologised after saying that his Wall Street bank would outlast China's ruling party.
Indian government set to ban cryptocurrencies
The latest draft of a government bill to be submitted in India aims to ban most cryptocurrencies.
LV= leaders criticised over openness in Bain Capital deal
MPs hear members should have been told more about the proposed £530m takeover by the US private equity firm.
Warning of less food choice this Christmas
Supply chain issues could mean consumers will have less food choice this Christmas suppliers tell MPs.
Lidl to ramp up UK store openings with 1,100 stores by 2025
The discount supermarket chain expects its expansion to create an extra 4,000 jobs.
Tuesday, November 23, 2021
Samsung chooses Texas as site of new $17bn chip plant
The announcement comes as the US government has been calling on firms to tackle supply chain issues.
Covid debt cycle linked to mental health issues, says charity
People being treated for mental health difficulties must be directed to financial support, campaigners say.
Covid and Brexit shrink Christmas markets
The UK's annual European Christmas markets will have fewer stalls and traders due to Brexit and the pandemic
Can South Africa embrace renewable energy from the sun?
South Africa's main electricity company Eskom plans to switch from using coal to renewable energy.
Universal credit boost for workers takes effect
Workers will get 8p more of any extra £1 earned but some say claimants will be no better off.
Parcel firms 'failing to deliver on performance'
Hermes at bottom of a Citizens Advice league table, but most major firms had satisfaction problems.
Apple sues Israeli spyware firm NSO Group
Apple is the latest in a string of firms and governments to go after the hacking tool firm.
Walgreens, CVS, and Walmart fuelled opioid crisis, Ohio jury finds
A federal court has found Walgreens, CVS and Walmart helped create an oversupply of addictive painkillers.
Italy fines Apple and Amazon over Beats headphones
Italy's competition authority fines the tech giants €200m over an exclusivity agreement.
Turkish lira nose-dives 15% as president defies critics
The currency touched record lows as Tayyip Erdogan defended a controversial plan to cut interest rates.
Crypto US constitution bidder refunds hit by high fees
Investors in an ill-fated scheme to buy the rare US document are being offered refunds with a catch.
US to release oil reserves in attempt to lower prices
The move is being taken together with other major energy consuming nations, including China and the UK.
Energy firm failures will mean higher bills, says Scottish Power
Scottish Power says households will pay more for gas and electricity due to companies going bust.
40-year mortgage deals pose questions for homeowners
The launch of long-term fixed-rate deals may test borrowers' appetite for certainty over cost.
AO World warns of product shortages this Christmas
The online electricals retailer says lorry driver shortages and increased costs will hit profits.
Monday, November 22, 2021
Uber makes its first step into the cannabis market
Shoppers will be able to place orders on the app then pick them up at nearby stores within an hour.
Atom Bank introduces four-day work week without cutting in pay
Atom Bank has cut its staff's hours by 10% without reducing their pay in a bid to improve wellbeing.
Lush to stop its social media until it's 'safer'
The firm says it will close accounts "in an effort to address consumers’ mental health challenges".
Black Friday: Prices 'same or less before in 2020 sale'
Consumer champion Which? says most products were priced cheaper or the same before last year's event.
The 99-year-old cyclist who has won a world silver medal
How a former World War Two pilot came second in a cycling competition for older people.
Jerome Powell picked to stay as US Federal Reserve chair
President Biden opts for continuity by nominating Jerome Powell to remain the head of the US central bank.
Energy firm Bulb set to go into administration
The energy firm, with 1.7 million customers, is the largest gas and electricity company to face difficulties.
Holidaymakers urged to use £132m in travel vouchers
Regulator says travellers must spend credit notes issued during the pandemic or risk losing them.
Insurer LV= appeals to members over £530m bid
The firm is trying to persuade 1.2 million customers to back a controversial bid from US private equity.
Sunday, November 21, 2021
Police charge Amazon India executives in drug smuggling case
It comes after two men allegedly used the company's website as part of a drug smuggling operation.
The small nuclear power plants billed as an energy fix
A host of firms are developing mini nuclear reactors but questions remain over safety and costs.
New homes in England to have electric car chargers by law
Charging points will also be mandatory in new supermarkets and workplaces under the government's plans.
Net-zero heralds a new industrial revolution, says CBI boss
CBI boss Tony Danker will also argue that emerging industries such as biotech offer "a shot at redemption".
El Salvador Bitcoin city planned at base of Conchagua volcano
Funded by the cryptocurrency, it will use the volcano's energy to power mining, the president says.
Northern Ireland to Scotland bridge plans scrapped
Building a fixed link would be too expensive, a feasibility study is expected to conclude.
Šefčovič: EU accuses Lord Frost of 'political posturing'
The European Commission VP, Maroš Šefčovič, says the UK should not "bring more problems to the table".
Saturday, November 20, 2021
Black Friday: Tech retailers fear supply chain delays will hit stock
Supply chain delays mean some firms may not be able to meet demand during the busy shopping period.
Friday, November 19, 2021
Greensill: State bank risked £335m to back lender, say MPs
A government-backed bank did not scrutinise Greensill Capital properly, MPs say.
How pandemic burnout sparked a revival of a granny hobby
Covid pushed many of us to ditch screen time for hobbies - knitting was among the most popular.
Liberty sites sold to Coventry automotive supplier Evtec
About 175 jobs are saved across two aluminium factories in the West Midlands.
Tesla worker files suit over 'nightmarish' harassment
The employee says she was subject to 'nightmarish' conditions, including vulgar comments and touching.
Facebook gives users 'more control' over news feed
Facebook says it is testing controls to let users see more content from friends and less from groups.
Workers offered unlimited holiday to stop burnout
Stockbroking firm FinnCap says staff must take at least four weeks off from next year.
HS2: Grant Shapps balks at betrayal claims over scrapped rail plan
The transport secretary says the "vast majority" of train journeys will be faster amid backlash.
Early Christmas shopping lifts October retail sales
Consumers spent more on clothes and toys last month, boosting retail sales by 0.8%
HS2: Has the government broken its promises over high-speed rail?
Reality Check examines some of the claims surrounding the scaling back of HS2.
Thursday, November 18, 2021
India PM Narendra Modi repeals controversial farm laws
PM Narendra Modi announced the decision after more than a year of protests by farmers.
Alibaba: Shares dive after China spending slowdown warning
The tech giant forecast its annual revenue would grow at the slowest pace since its 2014 market debut.
Facebook tells LA police to stop spying on users with fake accounts
Meta said using third party firms to collect data on Facebook users for surveillance was prohibited.
The new way to buy a car without ever leaving your sofa
Covid changed our shopping habits but will it shift how we make one of our biggest purchases?
DR Congo data leak: Millions transferred to Joseph Kabila allies
Family and friends of former DR Congo President Joseph Kabila are named by Africa's biggest data leak.
The mums using Instagram to offer advice to new parents
Covid has led to an increase in parenting gurus using social media to support new mums and dads.
US chain CVS closing 900 drugstores to focus on health services
The chain will lose nearly a tenth of its outlets and focus on providing more healthcare services.
Cladding crisis: 'Some days I can't leave the house'
Research finds the cladding crisis is having a 'catastrophic mental health impact' on some leaseholders.
Fraud: Better chance of compensation for victims
A "lottery" on whether blameless scam victims are reimbursed is set to be strengthened by a law change.
HS2 cut confirmed amid promise to transform rail
A key leg of the high speed rail line is axed but government says upgrade will improve services.
Post Office scandal: 'It’s been a strange 15 years'
Six more former subpostmasters have their convictions overturned in the Horizon IT scandal.
Engineering 'must change' to include everyone
A new engineering building is designed for students with autism to study in ways that suit them.
Paytm: Shares plunge in India's biggest ever market debut
Paytm, which counts Chinese giant Ant among its backers, raised $2.5bn in its IPO.
Wednesday, November 17, 2021
Evergrande: Chinese developer sells streaming firm stake for $273m
The debt-laden company said it would lose more than $1bn from selling the 18% stake in HengTen.
Stop asking about salary history, employers urged
A campaign group says inquiries about previous pay when recruiting increases the gender pay gap.
CEO Secrets: Don't rely on one supplier, have a back-up
Always have a back-up supplier so they can take over if needed, says offcuts boss Nish Parekh.
Apple announces self-service repair scheme in win for campaigners
Users with the know-how will be able to order and replace iPhone screens and parts.
Rail to get £96bn injection to 'transform service'
Boris Johnson is to unveil "the biggest public rail investment" amid concern over possible HS2 cuts.
Minister says she can't find minutes of Covid meeting with Randox
Labour demands to know what was said on a call between a health minister, Owen Paterson and a Covid contractor.
Tesla: JP Morgan sues for $162m after Musk tweets
Bank accuses Tesla of "flagrantly" breaching a deal after tweets in 2018 sparked share volatility.
Amazon to stop accepting Visa credit cards in UK
The online giant says high Visa fees mean it won't process credit card transactions from 19 January.
Inflation: UK prices soar at fastest rate for almost ten years
Inflation surges to 4.2% on rising fuel and energy costs, paving the way for an interest rate rise.
Tuesday, November 16, 2021
Lidl to become UK's highest-paying supermarket
The retailer says it will increase its minimum pay level to £10.10 an hour from March next year.
Supply chain crisis: Japan's export growth slows as car production slides
Shipments of cars fell sharply as the global computer chip shortage has impacted the motor industry.
Panini: The sticker firm celebrating 60 years
How the football sticker maker survived a thieving tycoon and competition from Lycra-clad wrestlers.
Clarks agrees to mediation in fire-and-rehire strike
Talks begin today at conciliation service Acas as shoe warehouse dispute enters seventh week
How smart tech is supporting smallholders in South Africa
Small farms in Africa struggle to compete with commercial agriculture - can new platforms help?
UK announces plan to boost overseas trade
The aim is to boost exports to £1 trillion a year by the end of the decade, says the government.
Arm-Nvidia deal: UK orders further inquiry
The UK's competition watchdog is told to investigate the proposed takeover further.
Two energy suppliers stop trading as gas price soars
Neon Reef and Social Energy Supply have become the latest domestic suppliers to cease trading.
Amazon to pay $500,000 for not sharing Covid data
The delivery giant left its workers "terrified and powerless", says California's attorney general.
Row over sale of insurer LV= escalates
The insurer's bosses say rival Royal London is trying to destabilise a sale to private equity firm Bain.
Nord Stream 2: Germany halts approval of Russian gas link
Gas prices surge to three-week highs in response to the latest delay to Nord Stream 2.
Jobs recovery continues despite end of furlough
The number of workers on payrolls rose in October despite the end of the job support scheme.
Coronavirus: Cathay Pacific imposes tough new rules on aircrew
The airline will require crew to "avoid unnecessary social contact" for three weeks after layovers.
Monday, November 15, 2021
Google: US technology giant to invest $740m in Australia
The firm says it will create 6,000 jobs as it builds a research hub and expands its cloud capacity.
Philippines central bank boss says inflation biggest challenge of 2022
Benjamin Diokno says price rises will be a bigger threat to economies next year than Covid-19.
Zoopla: Rents rising at fastest pace in 13 years, says report
Rents are rising at the fastest pace since 2008 as strong demand outstrips supply, says one online platform.
Kickstart youth jobless plan helps 100,000
More than 100,000 young people have started new jobs under the £2bn government scheme, figures show.
Five items that tell the story of price rises
How garden fences and savoury snacks can help us understand why the cost of living is accelerating.
The robots behind the bar that want to pull your next pint
A growing number of tech firms have developed robots the say could replace bar staff.
Biden signs 'once-in-a-generation' $1tn infrastructure bill into law
The 'once-in-a-generation' law nearly failed to pass Congress this month amid Democratic infighting.
Apple digital ID scheme comes with conditions and costs
Apple's digital driver's licence scheme has strict stipulations and may costs taxpayers.
Xbox 20th anniversary: 'Will we have TVs in 20 years time?'
Xbox boss Phil Spencer talks to BBC podcast Press X to Continue on the console's 20th anniversary.
HS2 rail extension to Leeds set to be scrapped
Plans to extend the eastern leg of the high speed network will be ditched in favour of new shorter links.
Shell plans to move headquarters to the UK
The oil giant will shift its tax residence from the Netherlands to the UK and its boss will relocate.
Sunday, November 14, 2021
China property: New home prices see biggest fall since 2015
China's property sector has been rocked over fears about the future of real estate giant Evergrande.
Trump Organization selling Washington hotel for $375m, reports say
The historic building will reportedly be renamed the Waldorf Astoria and managed by the Hilton group.
Real Living Wage rises to £9.90 an hour
More than 300,000 people at firms accredited with the Living Wage Foundation will get the increase.
No turkey shortage, says British Poultry Council
There will be turkeys for Christmas, the industry says, but producers warn there will be less variety.
Charities facing a 'perfect storm' as demand rises
Research given to the BBC reveals hundreds of charities face rising demand for services this winter.
Saturday, November 13, 2021
Delta boss says climate change means flying will cost more
The world's second largest airline says climate change is the biggest challenge facing aviation.
'I can't get equity release on my eco-friendly home'
Andrew Bennett built an energy efficient home, but cannot borrow money against its value.
Pandemic-hit airline industry to regroup at Dubai Airshow
The aerospace event will be the first of its kind since before Covid-19 hurt international travel.
Friday, November 12, 2021
Strategies to close the pandemic gender gap at work
Covid has pushed many women out of the workforce what practical ideas will entice them back?
Shein suppliers' workers doing 75-hour week, finds probe
A new report suggests some of the fast fashion brand's suppliers may be violating labour laws in China.
No regrets! Pandemic purchases that made us happy
Not everyone has buyer's remorse over what they bought in lockdown. For some, it changed their lives.
Portugal bans bosses texting staff after-hours
The move is part of sweeping labour laws to regulate the country's expansion of home-working.
AstraZeneca to take profits from Covid vaccine
The drugs giant signs new deals, but poorer countries will continue to get the vaccine at cost price.
Women warned home working may harm their careers
Bank of England economist Catherine Mann says mothers could be particularly vulnerable.
Japanese giant Toshiba announces breakup plan
The conglomerate has come under increasing pressure from activist investors to reform.
Thursday, November 11, 2021
Singles Day: Alibaba's annual event sees slowest ever sales growth
The world's biggest online shopping event was muted this year amid a crackdown on technology firms.
Prison officers 'voting with their feet' amid jobs surge
Driving instructors, prison officers and forklift truck drivers are among the jobs in high demand.
Tulip tower: Government rejects plans for London skyscraper
The planning inspectorate turns down an appeal to build the tower in central London.
Would the world be better if it was run by teenagers?
One energy firm has appointed an advisory board of six young people to help guide the business.
Johnson Matthey abandons electric car battery plans
Johnson Matthey shares tumble as it says foreign rivals are too far ahead in the technological race.
'We lost festive savings in family Whatsapp scam'
Trading standards officers warn that fraudsters are posing as family members to steal money.
Boss of insurer LV= defends sale amid backlash
Chief executive Mark Hartigan says a planned takeover by private equity will help preserve its brand.
UK economic growth slows in the third quarter
The economy grew by 1.3% compared to the previous three months when many Covid restrictions lifted.
Wednesday, November 10, 2021
Elon Musk: Tesla boss sells $1.1bn of shares in carmaker
It comes days after he asked his Twitter followers whether he should sell 10% of his stake.
Firms step up graduate job pay amid fierce competition
New research suggests that the typical salary for a new graduate was £30,500 in 2021, up by £833.
CEO Secrets: 'Wearing caps on video calls keeps us unified'
A CEO reveals a simple trick she used to keep her team feeling unified through Covid.
Boeing agrees deal with families of Ethiopia crash victims
The planemaker has accepted responsibility, in return families of the victims will not seek punitive damages.
Uber sued by Justice Department for overcharging disabled people
The Justice Department says Uber's 'wait time' fees discriminate against people with disabilities.
Shares in electric truck maker Rivian leap 37% on opening
Amazon-backed Rivian has become the second-most valuable car company in the US.
COP 26: Four major carmakers fail to back zero emissions pledge
Four of the world's biggest car manufacturers decline to back COP 26 agreement on cutting emissions.
US prices rising at 6.2%, fastest rate for three decades
Prices rose 6.2% in the year to October pushed up by higher costs for food and fuel.
Walkers apologises for crisp shortages
The company says it is "doing everything we can" to speed up production and increase stock.
Supreme Court blocks mass iPhone claim against Google
The claim sought damages for millions of iPhone users who were tracked by Google.
Rwanda goes electric with locally made motorbikes
Rwanda's Ampersand wants motorbike taxi drivers to switch from petrol to electric.
M&S warns of supply chain costs as profits surge
Shares in the High Street giant soar 20% on a sales rebound as recovery from Covid restrictions continues.
Wetherspoons: Cocktail sales up but ales out, says pub chain
It said that younger customers were driving sales of cocktails, vodka and rum in the last 15 weeks.
Tuesday, November 9, 2021
Peter Jackson sells visual effects firm for $1.6bn to Unity
New Zealand-based Weta Digital created the characters Gollum and Caesar in Planet of the Apes.
Harry says he warned Twitter boss ahead of Capitol riot
The Duke of Sussex reveals his coup warning to Jack Dorsey came a day before the 6 January unrest.
Electric truck maker Rivian raises $10bn in share float
Amazon-backed Rivian will start trading in New York on Wednesday after raising $10bn from investors.
Should firms have to put carbon labels on all products?
A growing number of companies are indicating an item's carbon score, but should it become mandatory?
UK property still a sellers' market says Rightmove
Grays in Essex is highlighted by the property portal as the hottest spot for sellers.
Clarks accused of using agency workers to cover strike
Union complains about hiring of agency workers in five-week strike at Somerset warehouse
Shein: The secretive Chinese brand dressing Gen Z
Shein's popularity has shot up during the pandemic, targeting Gen Z shoppers with low-cost products.
Bank of England takes next steps in digital money plan
The Bank and the Treasury to launch consultation on a UK central bank digital currency.
How much nuclear power does the UK use and is it safe?
Nuclear power is being promoted as a source of 'clean' energy, but is it safe?
Food price rises highest since August 2020, says Kantar
Prices rose at annual rate of 2.1% last month, research suggests, as supply chain disruption continues.
Thousands of UK phone boxes to be saved from closure
About 5,000 phone boxes around the UK will be kept open if they fulfil certain criteria, says Ofcom.
Primark pandemic store closures force sales slide
The fashion retailer's annual sales are down 12% on pre-Covid levels, latest results show.
Monday, November 8, 2021
Evergrande: Crisis-hit developer raises more cash as new deadline looms
The firm faces another deadline this week to make overdue interest payments of $148m.
Matt Moulding: The billionaire THG boss facing a reality check
Matt Moulding floated THG in a blaze of glory, but a year later the shine has dimmed for the entrepreneur.
Workers who want flexible work roles missing out
Jobseekers now want flexible working from day one but employers are reluctant to make it an option.
Climate change: Seven ways to spot businesses greenwashing
Firms often claim they are eco-friendly but how can you check they are as green as they make out?
One smart idea to reduce wood waste in construction
A new system is being launched to allow builders to reuse wooden pallets multiple times.
How will the US deal with a shortage of 80,000 truckers?
The chronic lack of lorry drivers in the US is adding to supply chain woes - and could get worse.
Rolls-Royce backed to develop nuclear reactors
Private investors and the UK government back Rolls-Royce to develop small nuclear reactors.
Tesla share price falls after Elon Musk's Twitter poll
The drop comes after Twitter users vote in favour of the carmaker's boss selling 10% of his stake.
Buyers show remorse over pandemic purchases
One in 10 regret spending hundreds of pounds on hot tubs, pizza ovens and other lockdown purchases.
THG shares climb as founder Matthew Moulding hints at going private
Matthew Moulding says he regrets floating his business in London, saying the process "sucked".
Brexit: UK -EU trade deal could collapse over NI row, says Coveney
The UK is laying foundations to suspend parts of the NI Protocol, says the Irish foreign minister.
JD Sports angry at secret filming of its boss
Peter Cowgill was filmed meeting his counterpart at Footasylum, the target of a blocked takeover bid.
Sunday, November 7, 2021
Sydney Airport agrees to $17.5bn buyout deal
The offer from a group of infrastructure investors is one of Australia's biggest ever takeover bids.
Covid-19: US reopens border to UK travellers after almost two years
After nearly two years, the US lifts its travel ban to UK visitors who have had both Covid vaccine doses.
New York gears up for tourists' return as US lifts ban
As the travel ban is lifted hotels and restaurants face challenges in getting service back to normal.
Small scale nuclear to get green light this week
Plans for a generation of new smaller nuclear reactors will become more concrete this week.
New ways into the lucrative world of data science
How new software is aiding people from diverse backgrounds forge careers in the data science sector.
Elon Musk holds Twitter vote over $21bn Tesla share sale
The Tesla boss promises to honour the outcome of the poll, whichever way it goes.
Saturday, November 6, 2021
Biden: Infrastructure bill is 'monumental step forward'
The long-delayed $1tn (£741bn) spending package is a major domestic win for the US president.
Scottish industrialist Lord Macfarlane dies aged 95
The peer became a leading Scottish industry figure, having started out in office stationery in 1949.
US lawmakers approve $1tn in infrastructure spending
The long-delayed bipartisan legislation is a major plank of President Biden's domestic agenda.
Chinese man convicted for stealing aviation trade secrets
US authorities say Xu Yanjun sought to steal trade secrets from US aviation companies.
Friday, November 5, 2021
COP26: Supermarkets promise to halve environmental impact by 2030
Five food retailers say they will cut carbon emissions, deforestation, food waste and packaging by 2030.
Budget: Millions of poor families hit, analysis finds
Budget changes will fail to offset damage from a £20 cut in universal credit, says a think-tank.
Pensions: Target to clear underpayments described as ambitious
A former minister says it will be a major effort to ensure women who missed out are paid by the end of 2023.
US Virgin Islands probes Barclays Epstein links
The US territory wants Barclays to hand over documents related to sex offender Jeffrey Epstein.
US sees sharp jobs growth and higher wages
Employers took on 531,000 extra workers in October in a sign the economy is picking up.
'The way my boss monitored me at home was creepy'
The government is urged to update the law to deal with a sharp rise in surveillance of home workers.
House prices still rising but demand set to cool
Prices are up again, but looming interest rate rises may cause a slowdown, the Halifax says.
Bank of England 'sorry' for rising cost of living
Governor Andrew Bailey says households are feeling the effects of growing inflation.
Thursday, November 4, 2021
Inflation: Global food prices hit fresh 10-year high, UN says
Reduced harvests and supply chain disruptions are helping to push up the cost of food.
Kaisa Group: Missed payment triggers fresh China property fears
It comes as embattled property developer Evergrande faces another debt deadline on Saturday.
Liberty Steel: MPs call for investigation into 'red flags'
Report says there are lessons to be learned for a strategically vital but crisis-hit industry.
The Bank of England says cutting carbon could push up prices
Why Governor Andrew Bailey is watching carefully the impact of climate change on higher prices
Public safety fears due to taxi driver shortage
A 50% shortfall in drivers needed to meet demand as dark nights draw in.
M&S: Customers are Christmas shopping early
Consumers are stocking up on Christmas shopping early after last year's lockdown, retailers say.
How more of us are leaving screens behind to work outdoors
The pandemic has led to more people taking up work outside, such as becoming gardeners.
New York's next mayor wants to be paid in Bitcoin
Newly elected mayor Eric Adams says he'd like his first three pay checks in the cryptocurrency.
Bank of England holds interest rates at 0.1%
Policymakers vote 7-2 to keep rates at their historic low despite rising inflation.
Currys teams up with Uber for 30-minute deliveries
Customers in 12 London boroughs will be able to order items such as laptops and printer cartridges.
Sainsbury's says supply issues won't hit Christmas
The supermarket says its size and relationships with suppliers put it in good stead.
JD Sports told to sell Footasylum by competition watchdog
The UK's competition regulator says the takeover could lead to a "worse deal" for Footasylum's customers.
Wednesday, November 3, 2021
India cuts fuel taxes as prices hit record highs
The move, which came ahead of the Hindu festival of Diwali, is aimed to help boost the economy.
COP26: 190 nations and organisations pledge to quit coal
Big coal users like Poland and Canada vow to phase it out, but key players China and India have not.
State pension payments still delayed for thousands
Most delays have been cleared but 4,900 people are yet to have their state pension claims processed.
US central bank is reducing its bond-buying programme
The US central bank will reduce the $120bn a month support introduced to help the economy through the crisis.
Oil giant Shell says it needs oil output to fund green shift
Shell says it needs the cash from fossil fuel production to fund its transition to green energy.
Ikea to raise prices as supply chain problems bite
The furniture giant will pass rising costs onto franchisees, which may be passed on to consumers.
Diwali: Covid delays and driver shortages hit preparations
A Hindu one-stop shop's owner says a reduction in deliveries has made preparing for the festival hard.
Staff shortages see UK meat carcasses sent to EU for butchering
Beef and pork producers are exporting their meat to Europe and importing them back again once cut.
Chip crisis: Christmas shoppers face disappointment, Arm boss warns
The unprecedented chip shortage means many won't get the presents they want for Christmas.
Average house price now more than £250,000, says Nationwide
Property prices have risen by 9.9% in the last year, the Nationwide says, but a slowdown is expected.
Next warns sales will slow down over Christmas
The High Street chain says diminishing demand and worker shortages means sales will slow.
Toy sellers pin Christmas hopes on grandparents' spending
Family celebrations will return but a cost of living rise is expected to put pressure on parents.
Tuesday, November 2, 2021
Taliban bans foreign currencies in Afghanistan
The country's economy is on the brink of collapse after the exodus of international support.
Australia 'backpacker tax': British woman wins discrimination case
Catherine Addy argued she had paid too much tax, in a ruling that may affect other travellers.
Australia jobs: 'The staffing issue is impossible'
Can free flights and rent lure the foreign workers back to Australia who quit when Covid arrived?
What an interest rate rise would mean for your finances
Few people face an immediate impact on their finances, but a rising Bank rate would still be significant.
Border closures threaten Hong Kong's financial hub status
As countries in the region reopen, the city is now one of the most closed places in the world.
Why Africa urgently needs its own genetic library
Genetically profiling three million Africans could be key for better healthcare, argue scientists.
Facebook to end use of facial recognition software
Facebook will now delete the "facial recognition templates" of more than one billion people.
COP26: UK firms forced to plan for low-carbon future
Companies will outline how they aim to meet the UK's 2050 net-zero target, under government rules.
House of Lords votes for changes to pension triple lock freeze
The Lords votes to continue raising pensions with earnings, setting up a Commons vote on the issue.
Shipping boss: 'Christmas will be safe' from shortages
The boss of shipping giant Maersk said "Christmas will be safe" from supply chain problems.
Netflix launches first games on smartphones
The streaming giant is launching five Android games for subscribers in its first foray into gaming.
Four more UK energy suppliers go bust
Four small energy firms are the latest to cease trading amid the soaring cost of global gas prices.
COP26: Bezos pledges $2bn for restoring nature
Amazon founder Jeff Bezos tells the COP26 climate meeting he was inspired by his recent space trip.
Yahoo pulls out of China over 'challenging' business conditions
The US giant follows other Western tech firms out of a country that is tightening its regulations.
Morrisons sorry for 'non-EU salt and pepper' label
The supermarket says it was an "error" to put the description on one of its chickens.
BP profits rise amid soaring energy prices
The oil giant says it expects natural gas prices to remain high during peak winter demand.
Elon Musk says Tesla has not signed deal with Hertz
News of the rental firm's order for 100,000 electric cars pushed Tesla's market value past $1 trillion.
Fishing row: France delays sanctions as talks over access continue
Paris has stepped back from a threat to block British fishing boats from its ports from midnight.
Monday, November 1, 2021
Squid Game crypto token collapses in apparent scam
Inspired by the hugely popular Netflix series Squid Game, the tokens had rocketed in value.
Why UK interest rates could rise this week
Borrowing money in the UK has been cheap for years. But that is unlikely to last for much longer.
Can we stomach the latest emerging food innovations?
Our growing appetite for novel food tech - from lab grown meat to nano-packaging.
Bluegreen is the latest energy firm to go bust
The firm, which has 5,900 customers, says it is in an "unsustainable situation".
Who is the outgoing Barclays boss Jes Staley?
Jes Staley resigns as Barclays chief executive after six years in charge of the British bank.
Walkers crisp supply disruption to last for weeks
The Leicester-based crisp giant says it is prioritising production of its most popular flavours.
Households to stay worse off than pre-Covid until 2023, says watchdog
The UK's independent forecaster warns household finances will not return to 2019 levels for two more years.
Barclays boss Jes Staley steps down over Epstein inquiry
Jes Staley is leaving the bank following an investigation into his links to sex offender Jeffrey Epstein.
Ryanair recovery continues despite more losses
Boss Michael O'Leary expects heavy ticket discounting this winter to fill the airline's aircraft.
Sunday, October 31, 2021
Thailand reopens to vaccinated tourists from over 60 nations
Authorities hope reopening will generate $30bn for the tourism sector despite ongoing restrictions.
How Japan's new PM is promising a 'new capitalism'
Will leader Fumio Kishida's plans to share the wealth materialise?
UK steel makers 'left behind' as US ends trade war
The US ended a feud with the EU over everything from Harley-Davidsons to whiskey but the UK was left out of the deal.
G20: World leaders agree to historic corporate tax deal
Leaders at the G20 in Rome endorse a proposal that sets a minimum tax rate of 15% on big businesses.
Saturday, October 30, 2021
JCB signs green hydrogen deal worth billions
JCB will take 10% of the green hydrogen made by Australian mining company Fortescue Future Industries.
Friday, October 29, 2021
Facebook's metamorphosis - will it work?
Will Mark Zuckerberg's bet on a new name and the metaverse succeed?
Greta Thunberg: Activist calls on banks to stop funding climate 'destruction'
The Swedish campaigner is in the UK to take part in protests ahead of next week's COP26 conference.
Walkers crisp supplies disrupted after computer glitch
The company says it is "working around the clock" to resolve the issue.
Volvo shares accelerate on stock market debut
Investors snap up shares in the Chinese-owned Swedish carmaker as they go on sale in Stockholm.
Slow rise from ultra-low mortgage rates predicted
Brokers say the current cost of a mortgage is the lowest it will be "for some time".
Energy price cap to be reviewed as firms go bust
Ofgem says it will look at how it calculates the cap after a series of energy firms collapsed.
Thursday, October 28, 2021
Squid Game cryptocurrency soars 2300% in first few days
The popular Netflix show has now spawned its new cryptocurrency - and its soaring.
Amazon to pay billions to prevent Christmas shortages
The online retail giant said it would take steps to "minimise the impact" of supply chain issues.
The British twins who set up a black-founded $1bn 'unicorn'
Oliver and Alexander Kent-Braham built tech firm Marshmallow during their 20s - it's now worth $1bn.
How the pandemic made us more adventurous drinkers
Sales of more unusual drinks have soared since the start of the pandemic.
Facebook changes its name to Meta in major rebrand
The social media giant says the new name will better encompass what it does.
US growth slows to just 2% as Delta hits economy
The US economy slowed sharply in the third quarter as the Delta variant of Covid continued to spread.
Covid: All countries to be removed from England's travel red list
The system will remain in place and locations could be reinstated on the list if cases rise again.
Budget 2021: Rishi Sunak's claims fact-checked
Checking claims about air travel, alcohol taxes, debt and low pay.
Budget 2021: Surge in house prices predicted to slow
Official forecasters still expect house prices to rise in each of the next five years.
Will mortgages become more expensive? and other Budget questions
Budget questions from readers on a range of topics.
Budget 2021: Tax rises likely to leave middle earners worse off, says IFS
An economic research group says many people will see their living standards fall over the next year.
Budget 2021: Rishi Sunak claims air duty changes will lower emissions
Labour says making flying cheaper in the UK is an "astonishing" move ahead of COP26 climate summit.
Budget 2021: There has been a shift in Tory philosophy - minister
The government says it makes no apologies for big spending increases unveiled in the Budget.
Households face £3,000 hit from Budget measures, warns think tank
Households will pay £3,000 more tax a year as a result of measures taken by Boris Johnson's government.
Wednesday, October 27, 2021
The plumber giving 'white van man' an eco-makeover
Plumber Martin Broer explains why he swapped his van for an electric cargo bike.
CEO Secrets: Rich Lesser of BCG shares his advice
Rich Lesser, global chair of Boston Consulting Group, shares his business advice for CEO Secrets.
Budget 2021: Did you get what you wanted?
We ask five people across the UK if they got what they wanted from Rishi Sunak's Budget.
Saudi chemical giant to invest nearly £1bn in Teesside plant
Saudia Arabian firm Sabic confirms it is to decarbonise its plant in the north east of England.
Theranos: DeVos family 'misled' before investing $100m
The former US education secretary was convinced Theranos's blood tests were a "game changer".
Impact of Brexit on economy 'worse than Covid'
The boss of the UK's forecaster says Brexit will be worse for the economy than Covid.
Twitter profits slump after settling long-running lawsuit
The social media giant paid out after it was accused of misleading investors in 2015.
Budget 2021: Business rates cut for shops, restaurants and gyms
The sectors worst hit by the Covid pandemic in England are given help with their business rates.
Budget 2021: Eight ways Rishi Sunak's plans affect you
The chancellor has delivered his Covid recovery Budget, here's how it will affect your money.
Budget 2021: Duty cut on sparkling wine, draught beer and cider
A shake-up of alcohol duty is announced by the chancellor, with higher taxes for stronger drinks.
Budget 2021: UK economy set to return to pre-Covid level at end of year
The UK's independent forecaster says the economy will return to pre-Covid levels faster than expected.
Tuesday, October 26, 2021
Budget 2021: Burnley residents' messages for chancellor
Residents in Lancashire explain what they want from the chancellor ahead of his Budget.
The African tech firm hoping to power space missions
Hypernova hopes that its thruster technology will be adopted on thousands of future small satellites.
Wage rises will put 30p on a pint, says pub chain
Clive Watson, boss of City Pub Group, says the rise will be needed to pay for a higher minimum wage.
Budget 2021: Sunak promises new post-Covid economy amid Commons anger
The chancellor will outline his Budget on Wednesday after fury over rafts of early press announcements.
McDonald's workers in US strike again over sexual harassment
Workers at restaurants in 12 cities walk out amid claims the chain is failing to stop harassment.
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