Saturday, July 31, 2021

Taxi and food discounts offer to boost youth jabs

The government's latest vaccine drive comes as 67% of 18 to 29-year-olds in England have had a first jab.

Covid: One in five firms plan job cuts as furlough tapers - survey

From Sunday, government payments reduce to 60% towards salaries, with employers paying 20%.

Heatwave risk from plans to convert shops to homes

Turning more commercial property into homes raises fears of sub-standard conditions, says a report.

‘Lenders won’t touch us - my home’s worth nothing'

Campaigners say government attempts to unlock parts of the property market paralysed by the cladding crisis have stalled.

Friday, July 30, 2021

Elon Musk: 'I don't want to be CEO of anything'

Elon Musk reiterated on Friday that he doesn't want to be Space X or Tesla boss. What's going on?

Employee shortages: Where have all the workers gone?

From hospitality to road haulage, firms say they can't get staff. So are employees now calling the shots?

'Covid vaccine scammers nearly got me'

Sioban Moore escaped disaster by a whisker after receiving a fake email inviting her for a jab.

Monzo bank in money laundering rules investigation

Monzo warned investors that the investigation could have a negative impact on the digital bank.

Amazon hit with $886m fine for alleged data breach

The tech giant rejects claims it has broken European Union data protection laws.

Eurozone out of recession after economy grows 2%

Data suggests all economies in the 19-country bloc expanded in the last three months.

British Airways owner IAG to ramp up flights

IAG, which also owns Iberia, says it plans to run at 75% of its 2019 passenger capacity by the end of the year.

Thursday, July 29, 2021

Didi: Chinese ride-hailing giant denies plans to go private

Its shares surged by almost 50% in pre-market trade after a report that it planned to go private.

Dairy giant Arla says driver crisis hitting milk supply

Supermarket supplier Arla Foods says a lorry driver shortage has forced it to cut deliveries by up to 25%.

"I was asked how often I use the toilet"

Disabled jobseekers have to overcome too many barriers, MPs say.

Empty shop numbers rise as Covid continues to bite

The number of vacant shops continues to rise after a year of lockdowns, the BRC says.

Amazon predicts slower sales growth as Covid boost eases

The tech giant says third quarter sales growth will be slower as customers return to physical shops.

Scarlett Johansson sues Disney over streaming of Black Widow

The star says box office takings for Black Widow were hit when it was streamed at the same time.

Shareholder dissent grows over Morrison's takeover bid

More shareholders are coming out against a proposed £6.3bn deal for the supermarket chain.

Robinhood has a muted stock market debut

Shares in the online trading platform fell in its first day of trading in a lacklustre debut.

Bumble to give staff unlimited paid leave

The dating app's policy is subject to manager approval and comes after the firm shut down for a week.

US economic growth 'disappoints' as Covid surges

The world's largest economy grew by 6.5% in the second quarter but fell short of forecasts.

Drug firm fined for huge price rise that hit NHS

Advanz pushed up the price of thyroid tablet packs more than 10-fold, says the competition watchdog.

Australia house prices soar at 'unsustainable' rate

Six state capitals have seen record prices for the third quarter in a row, the survey said.

Wednesday, July 28, 2021

Uber slides over reports SoftBank selling 45 million shares

Japan's SoftBank is selling the shares to cover losses in other investments, according to one report.

Covid: Furlough scheme set to wind down further

Employers will have to contribute more to the job support scheme before it is phased out in September.

'We lost our life savings in a cryptocurrency scam'

A pensioner caught up in an investment saga lost it all, prompting warnings to others.

Car production hit by 'pingdemic' and global chip shortage

The UK industry says the demand is there but it is "desperately trying to get back to full capacity".

Google workers will need Covid jabs to return to office

The search engine says it will roll the policy out globally across its offices in the coming months.

Facebook warns growth set to slow 'significantly'

The technology giant said on Wednesday that the third and fourth quarters would see advertising sales drop.

International cruises to restart from UK

Quarantine for fully vaccinated arrivals from US and EU to UK ports also waived.

US economic recovery 'making progress', says Fed

Widespread vaccinations have helped boost the economy and employment, the US central bank says.

Oculus recalls Quest 2 headset pads after skin rashes

Quest 2 headset owners are urged to claim a free silicone cover to avoid skin issues.

Housing market cools as stamp duty break withdrawn

UK house prices still rose by 10.5% compared with a year ago, Nationwide building society says.

Sheffield Forgemasters: Ministry of Defence to acquire steel firm

Sheffield Forgemasters will see up to £400m of investment in the next decade, the government says.

Cannabis part of the future says tobacco giant

British American Tobacco says its future lies in getting people to switch to nicotine alternatives.

Honda workers in Swindon to face 'reality check' after it closes

Swindon car plant prepares to stop production on July 30 after 35 years of production.

Tuesday, July 27, 2021

Food distributors complain of lack of detail over Covid tests

Smaller food delivery services say they have been left in the dark over the new Covid daily testing plans.

Barbie maker Mattel warns of higher prices as costs rise

Toy giant Mattel made the comments as it announced better than expected quarterly sales.

Electric car charging prices 'must be fair' say MPs

Consumers should not have to pay excessive prices to use public car charging, MPs say.

Fully-jabbed from EU and US could avoid quarantine

Senior cabinet ministers are due to discuss the move for arrivals to England in a meeting on Wednesday.

Can better tech make video meetings less excruciating?

Technology firms are scrambling to add new features but will video calls improve.

Tech giants' profits soar as pandemic boom continues

Apple, Google parent company Alphabet and Microsoft report soaring quarterly profits.

Morrisons' shareholder will not back takeover bid

Silchester International says it is not inclined to support a £6.3bn deal for the supermarket chain.

Tesco offers £1,000 joining bonus for HGV lorry drivers

The supermarket chain is deploying the recruitment tactic amid a shortage in lorry drivers.

Vaccine access deepens divide between rich and poor nations

Economic prospects have diverged further due to differing access to Covid vaccines, the IMF says.

Bid for better bailiffs as pandemic debts rise

A plan is agreed to reduce aggressive debt collection, although charities still want statutory regulation.

Activision staff condemn firm's response to harassment claims

About 1,000 Activision Blizzard staff sign a letter describing managers' response as insulting.

Covid: Insurance threat for pinged holidaymakers

Some travel insurance policies will not cover cancellation costs for travellers told to self-isolate.

Stain remover demand rises as distancing shrinks

Vanish-maker Reckitt Benckiser says the end of social distancing has led to a focus on appearance.

Monday, July 26, 2021

China stocks see biggest slump in US since 2008 financial crisis

The value of New York-listed Chinese companies has plummeted after a series of crackdowns by Beijing.

Bezos' $2bn offer to get back in race to the Moon

The billionaire offers to pay $2bn in Nasa costs to be reconsidered for a key Moon lander contract.

House prices at new high as buyers seek more space

Strong demand for houses will last into 2022 as buyers react to the pandemic, says property website Zoopla.

Why remote working leaves us vulnerable to cyber-attacks

Experts warn working from home has led to complacency over security protocols

Tesla profit surge driven by record car deliveries

The electric carmaker's revenues nearly doubled in the three months to 30 June compared with last year.

Covid: More pinged workers eligible for daily tests instead of isolation

Waste workers, prison staff and defence workers will be able to avoid isolation, the government says.

UK defence firm bid monitored by government

The government says it will monitor the proposed sale of Ultra Electronics to US equity-owned Cobham.

Jaguar Land Rover owner Tata Motors feels chip shortage strain

Tata Motors sees losses narrow, but warns that a lack of semiconductors could halve car production.

Tesco Bank to close all its current accounts

The bank says most of the accounts have limited activity and are not being used.

Amazon Bitcoin job ad boosts cryptocurrency surge

News Amazon is hiring a digital-currency expert has helped boost the value of Bitcoin.

Ministers consider blocking China's role in UK nuclear power

The move, amid rising tensions with Beijing, could impact the development of a plant in Suffolk.

Heathrow warns of further fall in passenger numbers

The airport says it could see even fewer travellers in 2021 due to testing requirements and restrictions.

Marlboro maker Philip Morris could stop selling cigarettes in UK

Tobacco giant Philip Morris says the brand could disappear from shops in 10 years' time.

Shares in Chinese online tutoring firms slump after shake-up

It is one of the biggest ever overhauls of China's $120bn private tutoring industry.

Sunday, July 25, 2021

Tencent shares slide after Beijing crackdown on music rights

China's market watchdog said the technology giant broke the country's anti-competition rules.

Covid: 'I earned less, but spent the same'

A new Couch to Financial Fitness programme aims to help people organise their finances post-pandemic.

Government pingdemic response chaotic, say food supply firms

Supply firms are having to fight to keep food on supermarket shelves, an industry body warns.

Saturday, July 24, 2021

The experiences replacing closed High Street stores

Go-karts, bowling alleys and eateries have taken the place of closed retailers on the High Street.

Friday, July 23, 2021

Covid-19: More testing sites for key workers to avoid isolation in England

Police, transport, freight and fire workers will be able to join the daily contact testing scheme.

Covid: The holiday makers having to self-isolate abroad

Some holidaymakers who tested positive for Covid while abroad are having to stay and self-isolate.

Covid: New testing plan will not work, says CBI

The industry body criticises government plans that allow some key staff to bypass the NHS Covid app.

Rail services face cuts as staff self-isolate

Operators say they may have to run fewer trains as more employees are hit by the "pingdemic".

Firm fined £2.6m for claiming clothes prevent Covid

Australian activewear company Lorna Jane is branded "exploitative" and "predatory" by a judge.

Rural vacuum for getting hold of cash

People living in rural areas have less chance of withdrawing or depositing cash nearby, research finds.

Euro 2020 boosts food and drink retail sales

Sales rose by 0.5% as millions stocked up on food and drink to watch the Euro 2020 football tournament.

Thursday, July 22, 2021

India food delivery giant Zomato sees stellar stock market debut

Shares in the Ant Group-backed company traded more than 80% higher than their initial public offering price.

Didi shares fall on reports China is planning penalties

The ride-hailing giant's shares are now down by more than 25% since their New York market debut last month.

Road planners 'can ignore climate change'

Government guidelines mean road planners can effectively ignore climate change, campaigners say.

How global conferences are using tech to stay in business

Moving events online kept the industry going during the pandemic and now they're here to stay.

Twitter and Snap add users as restrictions ease

The social media companies passed analysts' expectations with their latest financial update.

UK food workers to be exempt from Covid isolation

Key parts of the food industry will move to daily Covid testing, the government says, after isolating workers led to supply shortages.

Websites hit by global outage

Dozens of hugely popular websites have been knocked offline.

Fashion for Crocs continues to break records

The chunky shoe's sales nearly doubled in the three months to the end of June compared with last year.

UK tech giant founder Mike Lynch can be extradited to US

Lawyers for Autonomy's founder, Mike Lynch, say he will fight the US authorities' bid to try him for fraud.

Inflation spike temporary, says BoE deputy governor

The recent pick up in price rises is not expected to last, says Bank of England deputy Ben Broadbent.

Post Office scandal: Postmasters to get up to £100,000

Subpostmasters wrongly convicted of offences during an IT scandal are to receive interim compensation.

Heatwave: The worst jobs to have as temperatures soar

Not all jobs are equal when it comes to working in extreme heat, but which are the worst?

Hackers reportedly demand $50m from Saudi Aramco over data leak

The world's most valuable oil producer confirmed to the BBC that company files had been leaked.

Covid: Shops try to keep shelves stocked as more staff isolate

The government must "act fast" to avoid disruption to food supply, the British Retail Consortium says.

Wednesday, July 21, 2021

Bitcoin climbs as Elon Musk says Tesla 'likely' to accept it again

The firm had said in May it would no longer accept the cryptocurrency over environmental concerns.

Charity, dating and pet spending booms, says Nationwide

People have been spending more on non-essentials as Covid restrictions ease, Nationwide says.

CEO Secrets: 'Four-day weeks are good for business'

CEO Joe Munns says giving his workers a three-day weekend makes them happier and more productive.

Nord Stream 2: US and Germany reach deal on controversial Russian gas pipeline

The US says the agreement prevents Russia from using the pipeline as a political weapon over Europe.

Opioid crisis: US drug giants reach $26bn settlement

Four drug-makers and distributors have agreed to pay the sum to settle thousands of government lawsuits.

NHS workers in England offered 3% pay rise

Nurses and other NHS workers will get the award "in recognition of the unique impact of pandemic" on staff.

BP: Lorry driver shortages closing some sites temporarily

The oil firm says the "vast majority" of shortages were being "resolved within a day".

Fewer flat buyers to face pre-mortgage cladding checks, says Robert Jenrick

Lenders agree to change applications for loans involving buildings below 18m high, the government says.

'Catastrophic' backlog at driving licence body, warns union

MPs are told bad decisions by DVLA managers resulted in a "catastrophic" processing backlog of 1.4 million cases.

UK property sales at new record as boom peaks

Sales surged during June but analysts say the property boom has peaked as stamp duty holidays are withdrawn.

China: Taobao, Weibo fined for illegal child content

Major online platforms like Weibo, Taobao and QQ have been fined and ordered to "clean up".

Next shoppers splurge on summer clothes as weather heats up

The retailer upgrades profits forecast and repays some business rates relief after seeing a summer sales surge.

Gold attracts young investors trading online, says The Royal Mint

The Royal Mint records a rise in profits aided by a fivefold increase in gold investment by young adults.

Tuesday, July 20, 2021

UK government borrowing falls in June

Despite a fall, borrowing was still the second-highest on record for June as Covid spending continues.

M&S warns of higher prices and less choice in Northern Ireland

Chairman Archie Norman is urging the government to act to prevent "pointless" customs checks.

JP Morgan: US banking giant gives boss 'special award'

The award to Jamie Dimon is to persuade him to lead the company for a "significant number of years".

Is there a solution to the hospitality staff crisis?

Aside from Covid and Brexit, are there other reasons for the shortage of hospitality workers?

Netflix to include mobile games for subscribers

The firm said on Tuesday that the "time is right to learn more about how our members value games".

EU plans to make Bitcoin transfers more traceable

Companies handling crypto-assets would have to collect customer details.

The little tech firm gunning for an airspeed record

Electroflight has built the E-NXT which it hopes will break the electric airspeed record.

Covid: Officers told not to check green and amber arrivals, union says

Passenger locator forms and mandatory tests will not be routinely reviewed in England, a union claims.

Apple delays return to office as Covid cases rise

A three-day-a-week return to the office is reportedly postponed until October.

Travel firms lose court bid on traffic light list

Decisions taken by the government on the traffic light travel list were not unlawful, judges rule.

Nike halts footwear production due to Covid outbreak

Nike could run out of its Vietnamese-made trainers because of a rise in Covid infections in the region.

Israel PM warns Ben & Jerry's owner Unilever of consequences over sales ban

The ice cream maker's parent company Unilever is told "strong action" will be taken against boycotts.

Firms must apply for isolation exemption for 'pinged' staff

Several industries are lobbying the government for their staff to be classed as critical workers.

Women's state pension: Compensation closer for Waspi campaigners

The government was too slow to tell women they would be directly affected by the rising state pension age.

HMV backs High Street with plans for 10 new stores

The music chain's owner says people love shopping and want to touch goods before buying.

Prospect of Morrisons bidding war recedes

US investment firm Apollo, which was considering making an offer, has now changed its mind.

Monday, July 19, 2021

David Cameron lacked judgement over Greensill, MPs' report says

David Cameron showed a lack of judgement when he informally lobbied on behalf of Greensill Capital, MPs say.

Northern's self-service ticket machines hit by ransomware cyber attack

Northern rail's new self-service machines were installed at 420 stations two months ago.

Using plastic waste to help solve sand shortages

With construction sand in short supply crushed plastic is being used as an alternative.

Covid: Isolation rules loosened for critical workers

People performing "critical" tasks including air traffic controllers will still be able to work under new rules.

China accused of cyber-attack on Microsoft Exchange servers

The UK, US and EU have accused China of carrying out an attack on Microsoft Exchange email servers.

Writing fake reviews could be made illegal, says government

The government is proposing law changes to stop people being exploited by businesses online.

Ben & Jerry's to stop sales in Palestinian territories

The ice-cream maker said it was “inconsistent with our values” to continue selling products in the region.

Two jabs needed to enter nightclubs from September

People will need to be fully vaccinated to enter venues where large crowds gather from September.

Global shares slide amid Covid economic recovery fears

Stock markets in the UK, the US and Europe fall on concerns that rising cases may impede a recovery.

Zoom bets billions on hybrid working in Five9 deal

The firm announces a $14.7bn (£10.7bn) deal to buy Five9, a cloud-based call centre operator.

Post Office Horizon scandal: More subpostmasters cleared

The Court of Appeal clears 12 more former subpostmasters who were wrongly convicted.

Greene King closes 33 pubs amid 'pingdemic'

The company warns staff shortages could get worst as more people are forced to self-isolate.

Sunday, July 18, 2021

Carlos Ghosn: Father and son sentenced for helping ex-Nissan boss escape

Michael and Peter Taylor were convicted of helping ex-Nissan boss Carlos Ghosn escape Japan in 2019.

Covid: Face mask rules relax but what do workers think?

It is no longer a legal requirement to wear a face covering in England, but some employees are nervous.

Thousands of orders cancelled after Ocado robot fire

The online grocer says the blaze was caused by a collision between robots at one of its warehouses.

Oil producing nations agree deal to control prices

The Opec cartel and Russia will boost supply which should see petrol prices at the pumps come down.

Covid: 'Pingdemic' threatens shop openings say supermarkets

M&S says it may have to reduce opening hours if more workers are forced to self-isolate.

Saturday, July 17, 2021

'It felt like now's my moment for a new career'

Covid lockdowns have led to a boom in the number of people retraining and starting up new businesses.

Covid: Travel firms angry over France quarantine rule

The continued need for travellers to quarantine on arrival in England and Wales undermines confidence, tourism groups say.

Friday, July 16, 2021

Why the Scouts are launching a money badge after Covid

Why Scouts are lending a hand on tackling financial literacy in the wake of the pandemic.

Craft beer industry accused of being 'sexist boys' club'

Independent beer makers have promised reform following allegations of discrimination and harassment.

Covid: Fully jabbed UK arrivals from France must still quarantine

A planned relaxation of rules on Monday will not apply due to cases of the Beta variant, the government says.

Uber will continue to require riders to wear masks

The ride-hailing firm says passengers will still need to wear a face covering after rules relax on Monday.

Hong Kong: US to issue warning on business risks

The US is set to issue an advisory for businesses after China imposed a national security law there last year.

Warnings grow about staff forced to self-isolate

Alarm mounts over fears of a "surge" in workers and medical staff forced to quarantine after being "pinged".

Petrol prices at eight-year high, says AA

Prices hit the highest since October 2013 amid forecasts of a very busy summer on UK roads.

Drugs giant GSK plans to create up to 5,000 jobs in new UK hub

GSK aims to expand its Stevenage facility to create one of the largest life sciences sites in Europe.

Five ways for firms to reach customers with disabilities

Five ways to rethink how businesses can reach customers with disabilities.

Thursday, July 15, 2021

Entire whisky distillery ships out to China

More than 35 tonnes of production equipment is leaving Scotland for the port of Tianjin under a £3m deal.

Should we trust big tech with our health data?

Our medical records are in demand by tech firms who want to use the data to help tackle illnesses.

Covid staff shortage could shut meat production lines

The industry has warned of shortages as one in 10 staff are told to isolate by the NHS Covid app

Covid: Al fresco dining to become a High Street fixture in England

Pavement licences are to be extended and takeaway pints will continue for another year to help the sector.

Small shops face £1.7bn debt mountain, says report

The warning is in the latest report on the future of High Streets by former retail chief Bill Grimsey.

Goldman Sachs to require staff to wear masks from Monday

The banking giant hopes 70% of UK staff will return to its London office in the coming weeks.

Covid: Foreign Office still advising against travel to countries set to turn green

Both will be added to the UK's green list on Monday, but the foreign office still advises against travel.

Revolut becomes most valuable UK fintech firm after £24bn valuation

Revolut's latest valuation has made its Russia-born boss Nik Storonsky a multibillionaire.

CEO Secrets: 'Don't sell your technology too early'

The CEO of an eco-friendly textiles firm advises holding out for the biggest customer you can find

Nissan sees 10% of workforce told to self-isolate

Some 700 workers are sent home from its Sunderland plant after being alerted by the NHS app.

Biggest rent rises in commuter and coastal towns

City centre rents show signs of increasing again as the easing of Covid restrictions sees demand rise.

UK job vacancies climb past pre-pandemic levels

New figures show the number of vacancies is 77,500 higher compared to the beginning of last year.

Wednesday, July 14, 2021

MPs call for complete reset of music streaming to ensure fair pay for artists

The music industry is weighted against artists, who see "pitiful returns" from streaming, MPs say.

China's post-pandemic economic rebound loses steam

The world's second largest economy grew by 7.9% in the second quarter compared to a year earlier.

Korindo: Korean palm oil giant stripped of sustainability status

A BBC investigation found Korindo been buying up and burning swathes of Asia's largest rainforests.

Mastercard: India stops payment service provider from issuing cards

India's central bank says Mastercard violated an order directing payments data to be stored locally.

Mortgages refused for self-employed who took Covid grants

Mortgage brokers say self employed and furloughed workers are being turned down by some high street lenders.

Insurers plan green replacements for car and property write-offs

Written off or stolen petrol cars could be replaced with electric vehicles, as part of a wide-ranging eco-plan.

Why the US is launching a $300 monthly child benefit

The payments will go to about 39 million households, according to the US Treasury Department and the IRS.

Masks 'expected' to be worn in shops after 19 July

The government says shoppers will still be expected to wear to masks but it won't be a legal requirement.

John Lewis and Waitrose plan to cut 1,000 jobs

John Lewis and Waitrose want to make the cuts as part of a shake-up of store management.

North West England leads housing boom with prices up 15%

Official figures show property prices also rising rapidly in Scotland, Wales and the North East of England.

Waterstones to encourage shoppers to wear masks in stores

Bookseller is one of the first major chains to state policy for shops, but its stance attracts a mixed response.

Price rises speed up again as economy unlocks

The inflation rate hit 2.5% in June, exceeding the Bank of England's target for a second month.

Tuesday, July 13, 2021

Zomato: India food delivery unicorn opens $1.2bn IPO

Zomato is the first Indian digital start-up to go public - expectations are high but analysts are wary.

US warns businesses over China's Xinjiang province

The announcement comes as the West hardens its stance over alleged human rights abuses in the region.

How your driving might reveal early signs of Alzheimer's

Research shows how small changes in the way you drive could expose preclinical signs of disease.

Covid: Planned redundancies at lowest level since 2015

Figures suggest employers are keeping workers despite the winding down of the furlough scheme

'Carry on flying', says government green plan

The policy has been ridiculed by environmentalists who say the government is putting too much faith in innovation.

Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box

The former boss of Nissan and Renault reveals how evaded house arrest to flee to Lebanon.

Covid: Masks to remain compulsory on London transport

Sadiq Khan says commuters will be required to wear face coverings on TfL services after 19 July.

McDonald's owners offer childcare to attract staff

The burger giant's restaurants have been struggling to hire after making staff redundant last year.

Firms don't plan to rush back to offices on Monday

Businesses to keep a cautious approach to bringing staff back as Covid restrictions are lifted in England.

Inflation: Used cars and food push US prices higher

Consumer prices in the US rose 5.4% in the 12 months ending in June, official data show.

Confusion for nightclubs over Covid pass policy

The government is being disingenuous by saying its guidance is voluntary, says an industry spokesman.

UK banks emerging from pandemic in good health, says report

The latest Bank of England report into financial risks says consumers and firms will still need support.

Monday, July 12, 2021

Flipkart: India online retail giant raises $3.6bn in latest funding round

This brings the Walmart-backed firm's value to almost $38bn ahead of its expected market debut.

Covid: Bus and train firms must decide whether to mandate masks

Masks will not be legally required on public transport when Covid restrictions are eased in England.

Voice cloning of growing interest to actors and cybercriminals

Why voice cloning is not just a threat to actors but could benefit cybercriminals too.

Springtime bounceback lifts High Streets to record growth

High Street sales from April to June grew at the fastest pace on record, industry figures indicate.

Tesla: Elon Musk ‘rather hates’ being company boss

Speaking in court on Monday, the entrepreneur said he prefers spending time on design and engineering.

Truck driver visa options under discussion

The government mulls how to deal with a lack of drivers amid warnings of food supply problems.

EU puts its digital tax plan on ice

The EU says suspending the plan will help achieve a global tax deal, but Ireland is still unhappy.

Large events should ask for vaccine passports - Javid

Those attending nightclubs and other large events should be asked for proof they have had their jabs, says health secretary.

Virgin Galactic may sell $500m in stock after space success

The company filed to sell up to $500m (£360m) in stock the day after its founder reached the edge of space.

Heathrow's long queues blamed on self-isolating staff

Terminal 5 sees long queues at security because staff were told to self-isolate by the NHS app.

Super Mario 64 game sells for record-breaking $1.5m at auction

An original Zelda cartridge and a Mario game set successive records at auction within days.

Daily Mail: Rothermere family considers bid to take news group private

The family, which owns 28% of the group, is looking to buy the rest of the news organisation.

Sunday, July 11, 2021

Taiwan tech giants Foxconn and TSMC to buy 10m Covid jabs

The government has come under intense pressure to speed up its vaccine programme.

Virgin Galactic: Sir Richard Branson rockets to the edge of space

The UK businessman realises a lifetime's ambition by riding a rocket plane high into the sky.

G20 finance ministers back deal to tax companies

The plan aims to make companies pay their "fair share" by setting a minimum global tax rate.

Almost half of staff care less about their careers since Covid

More of us worry about work-related burnout since the start of the pandemic, a study by Aviva shows.

CBI employers group calls for early end to self-isolation rules

The CBI says it would ease staff shortages and help make the economic reopening "confident" rather than "anxious".

Saturday, July 10, 2021

Electric cars: Man named after service station plans motorway ‘revolution’

A man named after Toddington services on the M1 promises to install hundreds of new charge points for electric vehicles.

Friday, July 9, 2021

'My music is always there when I need it'

Music fans explain why they wouldn't part with their vinyl and CDs, despite the rise of streaming.

Why strawberry experts are hoping to serve up an Ace

How a new variety of championship berry may help farmers survive Brexit and the pandemic.

Classic Football Shirts warns customers of scam

The firm, which has 450,000 Instagram followers, says customers' data was accessed in recent weeks.

From living in a tent to financial independence

Schemes helping homeless people lacking IDs to get bank accounts are transforming hundreds of lives.

Biden to sign new order cracking down on Big Tech

The executive order will include measures on boosting competition across several sectors, including travel.

Holiday firms launch legal action over travel lists

Group including Ryanair and BA wants more government transparency over Covid travel rules.

Calls grow for extra bank holiday if England win

Firms are also being asked to be flexible by allowing staff to start work later on Monday if possible.

Mothers lose fight against two-child benefit limit

They had argued the policy breached their human rights, but the Supreme Court dismissed their case.

Hospitality gives UK economy a boost in May

Economic output grows 0.8% in May, helped by pubs and restaurants serving customers indoors.

Thursday, July 8, 2021

Toyota halts donations to Republican election objectors

The Japanese car maker donated $56,000 to Republicans who tried to block certification of Biden's win.

How de-cluttering grew Facebook Marketplace to 1bn users

As Covid shut charity shops thrifty second-hand traders shifted online to bag a bargain, in droves.

Bookings surge after Covid quarantine rules relaxed

Airlines say bookings increase after the government removed quarantine rules on amber-list countries.

Sainsbury's stops selling CDs and DVDs

The supermarket giant says its customers increasingly go online for their entertainment.

Fyre Festival ticket-holders proposed payout slashed

Ticket-holders of the now infamous 2017 festival disaster are set to receive about $281 (£204) each.

Purdue signs deal on opioid settlement with 15 states

Fifteen US states dropped their opposition to a bankruptcy plan for the OxyContin-maker Purdue Pharma.

Vauxhall owner Stellantis to invest €30bn in electric vehicles

Stellantis, which also owns Peugeot and Fiat, will invest the money on cars and battery factories by 2025.

Lloyds fined for nine million misleading insurance letters

The bank claimed in the letters that insurance renewal quotes being offered were a "competitive price".

German carmakers fined over emissions 'cartel'

VW and BMW fined €875m by the European Commission colluded to restrict emissions cleaning technology.

Apple founder Steve Wozniak backs right-to-repair movement

"We wouldn't have had an Apple had I not grown up in a very open technology world," Mr Wozniak said.

Job not done on holiday rules, say travel chiefs

The industry cautiously welcomes the relaxation for amber-list countries, but says there is more to do.

Chancellor Rishi Sunak under pressure over state pension rise

The chancellor says that a decision on the future of the triple lock promise will be "based on fairness".

UK to see economic bounce from Euros, says Rishi Sunak

Consumer confidence is returning after lockdown and "football just adds to it", the chancellor says.

Cairn Energy gets right to seize Indian assets in tax row

The oil and gas firm gets backing from French court in tax row with Indian government.

Wednesday, July 7, 2021

Chinese ride-hailing firm Didi sued in US as shares slide

The lawsuits come after a crackdown by Beijing triggered a slump in its share price of more than 20%.

Newport Wafer Fab: Chip plant's purchase by Chinese company reviewed

Boris Johnson's national security adviser is examining the purchase of Newport Wafer Fab.

CEO Secrets: CitizenLab founder shares her business advice

Aline Muylaert, co-founder of e-democracy platform CitizenLab, shares her business advice.

House prices set to continue rising as supply shrinks

A lack of available properties will continue to help push house prices up, according to surveyors.

Demand for staff grows at record rate, survey finds

Demand for staff in June grew at its fastest rate since 1997, a survey of recruitment firms suggests.

Ever Given: Ship that blocked Suez Canal sets sail after deal signed

The megaship Ever Given is finally leaving the Suez Canal after a deal is struck with Egypt.

Gates Foundation agrees break-up back-up plan

The deal would give Melinda Gates the option to resign and receive "personal resources" for further charity work.

Trump sues Twitter, Google and Facebook alleging 'censorship'

The former president's accounts were suspended over safety concerns after the Capitol riots.

Lorry drivers can work longer hours, says minister

Grant Shapps says the move will ease a driver shortage, but the industry calls it a sticking plaster.

Warnings of staff shortages due to self-isolation

Business groups say the delay in easing self-isolation rules will hit firms that rely on young workers.

Brewdog defies watchdog to reuse banned ad again

The firm's ad was banned by watchdog for making general health claims not allowed for alcoholic drinks.

Wetherspoons warns price of meals to rise if VAT goes up

The pub chain says it will put up the price of meals in its pubs if a VAT cut for hospitality is not extended.

House prices dip as stamp duty holiday ends

The start of phasing out of the stamp duty holiday led to house prices dipping 0.5% in June

Tuesday, July 6, 2021

Global chip shortage: Samsung forecasts 53% jump in quarterly profit

Demand for electronic components has surged as people are shifting more of their lives online.

Covid: Heathrow to trial fast-tracking vaccinated arrivals

British Airways and Virgin Atlantic have teamed up with the UK's biggest airport for the pilot scheme.

Government showed 'unusual' interest in Greensill

Greensill's loans to GFG Alliance companies prompted the British Business Bank to suspend its lending.

Customers fed up with Covid excuse for bad service

Complaints about poor customer service have risen to their highest level for 12 years, a survey says.

Brewdog Instagram ad banned for misleading health claims

The brewery company made general health claims that are not allowed for alcoholic drink promotions.

Britishvolt gigafactory: 'Game changer' car battery plant approved

The "gigafactory" at the site of a former power station will create 3,000 jobs, it is claimed.

Lancing Ikea: Plans for new store halted over 'changing shopping habits'

Ikea drops plans for a store in West Sussex, saying online shopping has grown during the pandemic.

Pentagon cancels $10bn 'Jedi' contract

The US defence department is scrapping a cloud computing contract, which sparked a row between Amazon and Microsoft.

Didi shares plunge amid China tech crackdown

Tuesday marked the first US trading day since Chinese regulators banned Didi's platform from app stores.

Companies divided over continued Covid mask wearing

Some customers will still be asked to wear face masks even after it becomes a "personal choice" on 19 July.

British Airways data-breach compensation claim settled

Thousands of people are to receive compensation over a 2018 data breach at British Airways.

Euro 2020: Pubs to stay open later for final on Sunday

Premises will be able to stay open until 11.15pm, in case the game goes to extra time and penalties.

State pension: Why the triple lock debate will get more heated

Predictions suggest the state pension could rise by 8% next year owing to the triple lock guarantee.

Public finances vulnerable to shocks after Covid, says watchdog

Government debt has soared as the costs of Covid mount, says the Office for Budgetary Responsibility.

Shopping getting back to normal, say Sainsbury's and Ocado

The supermarket and online grocer Ocado say there are signs of pre-Covid shopping habits returning.

Welsh semiconductor firm bought by Chinese company

Electronic firm Newport Wafer Fab began producing silicon chips in the 1980s.

Monday, July 5, 2021

Hong Kong defends privacy law after Big Tech raises concerns

An industry body has warned that tech companies could stop offering services if the new law goes ahead.

How to get a lucrative job in cybersecurity

There's a serious shortage of IT security workers, so recruiters are fishing in a bigger pool.

What next for the NHS Covid-19 contact tracing app?

Some businesses are complaining that the app for England and Wales is issuing too many alerts.

Is the use of jetpacks finally about to take off?

Members of the public can now pay to fly through the air like a superhero.

Vauxhall to build electric vans at Ellesmere Port

The car manufacturer is expected to confirm plans to make electric vans.

Four day week 'an overwhelming success' in Iceland

The majority of workers in Iceland now look set to move to shorter hours for the same pay.

Back to the office in two weeks' time, says PM

Employers can plan for workers to return to offices from 19 July, the government says.

Van sales soar amid home delivery boom

While demand for vans rises, new car sales remain sluggish as computer chip shortages limit supplies.

Ever Given: Egypt agrees deal to release ship that blocked Suez Canal

Egypt agrees a compensation deal with the impounded Ever Given's owners and insurers.

Dropping face mask rules is gross negligence, says Unite union

Public transport workers will be at risk of infection if rules are dropped, the Unite union says.

Morrisons could see counter offer days after agreeing £6.3bn takeover

Apollo Global says it is considering a bid, days after the UK supermarket agreed to a £6.3bn takeover.

Vitasoy: Beverage maker's shares plunge after China calls for boycott

It comes after a staff member sent their condolences to the family of a man who stabbed a policeman.

Sunday, July 4, 2021

Jeff Bezos steps down as Amazon boss

As Bezos leaves his role as CEO, those who have worked with him ponder the lessons learned.

Australia's Sydney Airport gets $16.7bn takeover offer

The firm's shares soared as the move is seen as confidence in air travel recovering from the pandemic.

Grenfell prompts creation of building safety regulator

The new watchdog will be able to prosecute rule-breaking developers and take their properties off the market.

Didi ordered off China's app stores by nation's cyber regulator

The ride-hailing app is facing regulatory problems at home, days after its New York share launch.

John Lewis plans to build 10,000 rental homes

The department store chain says it wants to address the UK's housing shortage and support communities.

Firms urge PM to back returning to the office

Working from home should no longer be the default after 19 July, say more than 50 business leaders.

Homeowners to get 15 years to sue for bad workmanship - minister

The announcement comes amid concerns leaseholders are bearing the cost of fire safety works.

Saturday, July 3, 2021

Don't allow shop abuse to worsen, retail bosses urge PM

Bosses of 100 brands call on Boris Johnson to support greater protection in law for retail workers.

Morrisons: Supermarket agrees £6.3bn takeover

The UK's fourth largest supermarket accepts an offer from a US investment group.

Friday, July 2, 2021

'Euro 2020 is a lifeline for my pub'

Many pubs showing football are completely booked up for the England match on Saturday.

Music fans' confusion over insurance cover

Consumer group Which? says people with tickets to gigs or major events are often unaware of the extent of cover.

The codes helping visually-impaired people shop

New technology that allows phones to read out labelling is about to make supermarkets much more accessible.

'It's like Endgame...where everyone just disappears'

New York celebrity restaurateur Stephen Starr is having to get creative to staff his businesses

Vauxhall set to announce Ellesmere Port electric van

The news, which could be confirmed as early as next week, will safeguard more than 1,000 jobs at the at-risk plant.

France investigates retailers over China forced labour claims

French authorities investigate four brands over alleged human rights abuses in China's Xinjiang region.

US jobs growth picks up speed amid reopening

The US economy added 850,000 jobs in June, according to the Bureau of Labour Statistics.

M&S Bank branch closures reflect shift to online

All 29 in-store branches are shutting on Friday, ahead of the withdrawal of M&S Bank from current accounts.

Asda to allow permanent hybrid working for offices

The supermarket says most of its 4,000 head office staff can choose to work at home or other locations.

Thursday, July 1, 2021

Fashion giant H&M sees China sales slump after Xinjiang boycott

Western brands were recently hit by a backlash in China over statements on Xinjiang and the Uyghurs.

Bars and restaurants struggle with staff isolating

The industry wants a "test to release" system to solve worker shortage as cases rise.

Clarks workers consider strike over fire-and-rehire

Over 100 shoe company workers are at risk of being dismissed and rehired on worse pay and conditions.

Lorry driver shortage threatens Haribo sweets

The German confectionery giant is struggling to get supplies of Goldbears and Tangfastics to UK shops.

The Amazon sellers who sold up and became millionaires

Small e-commerce entrepreneurs have thrived in lockdown - now big money wants to buy them out.

Global tax overhaul backed by 130 countries

The OECD, which led the talks, announces that many have backed plans for a 15% minimum corporate tax.

Four reasons why Gap is closing its shops in the UK

Four reasons why the former High Street favourite is closing its shops in the UK and Ireland.

Post-Brexit trade: UK extends EU-era steel protections

The government overrules its post-Brexit trade advisers to keep EU-era limits on products.

Bank governor warns against over-reaction to higher inflation

Bank of England governor says a rise will be "temporary" after a warning by the former chief economist.

Plan for law to protect neighbourhood cash access

The Treasury says people should not have to travel beyond a reasonable distance to withdraw or deposit cash.

Nissan announces major UK electric car expansion

The carmaker will build its new all-electric model in Sunderland, alongside a massive electric battery plant.