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.

US revokes licence of top Chinese telecoms company

Washington has banned China Telecom from operating in America, citing "national security concerns".

Lookfantastic owner THG's share price falls further

The upbeat online firm fails to reassure investors despite a pledge to appoint a chairman.

Pay rebound for workers hit by the pandemic

Young employees saw the biggest dip and rebound in wages but the gender pay gap has widened.

Ikea buys landmark Topshop building in London

The £378m deal for the Oxford Street site is part of the furniture giant's plan to open inner-city shops.

New funding plan paves way for Sizewell C nuclear plant

The new rules, to be announced in Parliament, will boost the prospects of the £20bn project in Suffolk.

Will coffee drinkers plump for potato milk?

Waitrose says shoppers are more climate-conscious and are looking for more dairy alternatives.

No VAT cut to household energy bills in the Budget

Treasury sources say such a move would be badly targeted and there are other ways to help those struggling.

Premier Inn owner Whitbread warns of staff shortages as demand recovers

Whitbread is paying millions in wage rises and bonuses to try to combat persistent shortages.

Heathrow air traffic may not recover until 2026, says boss

The boss of Britain's busiest airport warns full recovery will take years despite pent up demand for travel.

Monday, October 25, 2021

Blue Origin: Jeff Bezos unveils plans for 'space business park'

His space company Blue Origin hopes its venture will replace the International Space Station.

Facebook earns $9bn despite whistleblower scandal

The firm posts strong profits as it continues to face negative press over leaked internal documents.

Is internet addiction a growing problem?

Experts warn that the pandemic lockdowns have made more people vulnerable.

Budget 2021: Public sector workers set for pay rise, says Sunak

The chancellor will use his Budget on Wednesday to confirm that the "pay pause" is being lifted.

Tesla briefly hits a $1 trillion valuation

The electric carmaker becomes the fifth such company to reach the trillion dollar milestone.

On the Beach accuses Ryanair of market abuse

The online travel agent claims Ryanair is preventing it from making bookings and withholding refunds.

Budget 2021: What has already been announced?

Rishi Sunak's statement isn't until Wednesday, but several pledges have been announced.

Facebook whistleblower Frances Haugen faces UK Parliament

Frances Haugen, who leaked thousands of documents, is appearing before MPs working on online safety.

National Living Wage set to rise to £9.50 an hour

The 6.6% pay rise for workers aged 23 years old and over is expected to be announced in the Budget.

Petrol prices hit record high, says the RAC

Average petrol prices are 142.94p a litre, surpassing the previous record in April 2012.

Budget 2021: What do you want to change?

We ask six people across the UK what they would like to see from Rishi Sunak's Budget.

Co-op Bank fails in TSB takeover approach

The Co-operative Bank confirms it made an approach to buy Spanish-owned British rival TSB.

Scilly Isles' only remaining bank to close in 2022

Lloyds bank will close in April 2022 with customers being told to use the Post Office instead.

Digicel Pacific: Australia's Telstra buys Pacific firm 'to block China'

The government and telecoms giant Telstra purchase Digicel Pacific in a joint venture.

Sunday, October 24, 2021

Climate change: Tata Steel wants roadmap to make industry greener

There are fears thousands of jobs could be lost in the fight against climate change.

Ofcom orders phone networks to block foreign scam calls

UK networks agree to block almost all internet calls coming from abroad if they pretend to be UK numbers.

Budget 2021: £2bn for new homes on derelict or unused land

The government says the funding will build 160,000 greener homes on brownfield land.

Budget about investing in public services - Sunak

The chancellor says he will set out a plan for rebuilding the economy next week based on skills.

Tesco say website and app down after hack attempt

Britain's biggest supermarket investigates a possible hack as shoppers are locked out for more than a day.

Budget 2021: Rishi Sunak to pledge funding for T-levels

The government sets out its package for new T-levels and boosting further education in England.

Saturday, October 23, 2021

Covid: Travellers to be able to use cheaper Covid tests

Fully-jabbed people returning to England will be able to take lateral flow tests instead of PCR tests.

'My student loan refund took six years'

Rebecca Gale says she was "shocked and then angry" the Student Loans Company took so long to repay her.

Budget 2021: What is it and when will it happen?

The Budget - when is it, what does it do and what should we expect to hear from the chancellor?

The soft toys parents hope connect kids to their faith

Why sales of 'singing' religious cuddly toys for very young children are booming.

Friday, October 22, 2021

Budget 2021: English city regions to get £6.9bn for public transport

Chancellor Rishi Sunak will announce increased funding for tram, train and bus services outside London.

Budget 2021: Six things that could affect you

Chancellor Rishi Sunak will deliver his second Budget for 2021 next week. How will it affect you?

Taxi-hailing firm reveals 4,158 reports of sexual assault

Safety data from US company Lyft says the incidents were reported between 2017 and 2019.

Inflation likely to hit 5%, warns Bank of England chief economist

The Bank's new chief economist says it will have a "live" decision at November's interest rate meeting.

UK shop sales continue to fall in September

Retail sales in the UK fell for the fifth month in a row, according to the Office for National Statistics.

Evergrande shares rise on report of bond interest payment

Shares opened up 6% after reports the Chinese property giant made a payment before a crucial deadline.

Thursday, October 21, 2021

Contrails: How tweaking flight plans can help the climate

Why experts say cutting contrails costs less than $1bn a year but may be worth so much more.

The remote British island hoping to see more visitors

The territory of St Helena, which has remained coronavirus-free, wants a big rise in tourists.

Second-hand car prices surge amid new car shortage

Some used car models are growing in value despite getting older, research by the motoring group suggests.

Fears over the future of free debt advice

There is growing concern that free face-to-face debt advice could be cut.

Toymaker Mattel says price rise has not hit demand

The Barbie maker announces $1.8bn net sales saying parents are prioritising spending on children.

Amazon sees fresh push to unionise in New York

Warehouse workers in Staten Island hope to organise, in the latest labour push at the firm.

Petrol station stocks back to normal

Filling station storage tanks were 45% full on average on Sunday, according to government figures.

Elon Musk's Tesla reports record sales and profits

The electric car maker recorded its highest quarterly profit of $1.6bn and sold more than 240,000 cars.

Marmite and PG Tips maker Unilever warns of price rises

Consumer goods giant Unilever says high rates of cost inflation will continue into next year.

Government borrowing falls in September

Borrowing was lower than a year earlier, but was still the second-highest number on record for September.

Wednesday, October 20, 2021

Evergrande shares fall 14% as trading resumes in Hong Kong

Shares of the Chinese property giant fell as much as 14% on Thursday morning in Hong Kong.

Abolish energy price cap, says Scottish Power boss

The recent crisis exposed deep flaws in the way the market was structured, top executive says.

Tax cheat schemes cost governments billions

Major tax evasion and avoidance schemes have deprived countries of £127bn, research shows.

The tax fraud merry-go-round that cost billions

A former banker is now a poster boy for a scandal described as "the theft of the century".

Cladding: 'We're paying to live in a dark, dull box'

A Birmingham tower block resident, where combustible cladding is being removed, explains his plight.

CEO Secrets: Never leave planning until the last minute

Design boss Jo Barnard says you should always make you have future work lined up for your firm.

UK agrees free trade deal with New Zealand

The government says consumers and businesses will benefit from deal, but it is unlikely to boost growth.

TotalEnergies accused of downplaying climate risks

Research says oil giant TotalEnergies linked fossil fuels and global warming in 1971.

Canada's inflation rate hits a fresh 18-year high

Consumer prices rose 4.4% in the 12 months to September, as Canada grappled with global supply chain issues.

Evergrande $2.6bn property unit deal collapses

Evergrande rival Hopson Development was set to a buy a £2.6bn stake in the firm before the deal collapsed.

Morocco bans UK flights due to Covid cases rising

Several airlines have been told by the Moroccan government that flights will be suspended.

Climate plan telling people to eat less meat deleted

A research paper recommending people shift towards plant-based foods is not policy, the government says.

Takeaway meals still booming despite restaurant return, says Deliveroo

The food delivery firm says UK orders are up despite restaurants reopening for in-house dining.

People won't bear cost of going green - Kwarteng

The business secretary denies that individuals will have to pay more to have a greener lifestyle.

IMF warns Afghanistan's economic slump will impact neighbours

Afghanistan's economic turmoil will fuel a refugee crisis impacting nearby countries, the fund warned.

Tuesday, October 19, 2021

Cost of living increases dip in September

According to the Office for National Statistics, the UK inflation rate fell slightly to 3.1% in September.

Squid Game helps Netflix subscriptions pick up

The streaming giant added 4.4 million new users in the third quarter as foreign language shows continued to fly.

Average cash withdrawal climbs to £80

The average amount Britons take out of cash machines rises by over £10, but there are fewer visits.

Brewdog's solid gold beer can ad misleading, ASA says

The advertising watchdog says three Brewdog adverts for a gold can competition were "misleading".

Credit Suisse fined over Mozambique tuna scandal

Bank to pay £147m fine to UK authorities as part of wider settlement over a corruption scandal.

Facebook settles US worker discrimination claims

The tech giant will pay $14.5m to settle claims it routinely hired foreign instead of US workers.

Morrisons: Shareholders approve £7bn takeover deal

British supermarket group Morrisons says shareholders approve the US private equity group takeover.

Government urged to make a decision on HS2 route

Supporters and opponents of the paused Birmingham-to-Leeds rail link are concerned about its future.

Amazon, Ikea and Unilever pledge zero-carbon shipping by 2040

Nine major firms say they will only use zero-carbon cargo vessels by 2040, in a bid to clean up shipping.

Energy price cap not working, says power boss

The owner of Scottish Power says capping domestic energy prices has caused long-term harm to the market.

Inflation: Food price rises are 'terrifying' warns industry

Food and drink firms are seeing price rises of as much as 18% while manufacturers struggle with costs.

Biggest fall in HGV drivers among the middle-aged

Driver numbers peaked in 2017 but those aged 46 to 55 years have recorded a sharp decline.

Asda to hire 15,000 workers ahead of Christmas

The supermarket says it is confident it can find temporary workers despite record job vacancies.

Heathrow passenger charge to be curbed

The airport has been told it cannot raise its charges for airlines by as much as it would have liked.

Foreign investment deals to create 30,000 UK jobs, says government

The prime minister will announce 18 new foreign investment deals in low-carbon sectors worth £9.7bn.

Monday, October 18, 2021

Apple unveils new computer chips amid shortage

The new M1 Pro and M1 Max chips expand the firm's use of silicon it has designed.

Tesco opens its first checkout-free store

The supermarket's new GetGo format allows customers to shop without scanning a product or using a till.

One in three music industry jobs were lost during pandemic

Musicians as well as people working in venues and recording studios were particularly affected.

Why Christmas could be stuck in a shipping container

China is the factory of the world but exports have been hindered by the global supply chain crisis.

You may be able to book a flying taxi within three years

Firms are racing to bring flying taxis and the mini-airports they need into service.

Heat pump grants worth £5,000 to kickstart low carbon heating

The grants for England and Wales are part of a government strategy for low carbon heating - but critics say it is not ambitious enough.

Amazon's Jeff Bezos 'may have lied to Congress'

Top lawmakers say Mr Bezos and other Amazon executives may have misled them about the firm's business practices.

UK firms must disclose climate impact - Treasury

Chancellor Rishi Sunak will bring in new rules around environmental sustainability reporting.

Goto Energy goes bust amid rising gas prices

Energy regulator Ofgem will find a new supplier for the firm's 22,000 gas and electricity customers.

Amazon offers bonuses of up to £3,000 in run-up to Christmas

The online retail giant is trying to attract enough UK workers to fill 20,000 posts over Christmas.

Morrisons takeover: Bradford retail giant in the bagging area

As shareholders prepare to vote on a £7bn takeover, what are the views from Morrisons' birthplace?

Hut Group boss dumps 'golden share' in overhaul

A structure allowing the founder of the health and beauty firm to block takeovers is being removed.

Bank of England says it will act on inflation

Governor Andrew Bailey's warning is seen as his clearest hint yet that interest rates will rise.

China's growth slowdown suggests recovery is losing steam

The world's second largest economy expanded by less than expected in the third quarter.

Sunday, October 17, 2021

Ford to make electric car parts at Halewood plant

The carmaking giant is investing £230m in its Halewood plant, safeguarding 500 jobs.

Facebook to hire 10,000 in EU to work on metaverse

Mark Zuckerberg is a leading voice on the metaverse - a virtual reality version of the internet.

Scams: Cost of impact on well-being calculated as £9bn a year

Consumer group Which? says costs to victims' well-being are greater than the amount stolen by fraudsters.

Buy now, pay later firm Klarna to offer 'pay now' option

Klarna's boss says people should mostly "pay with the money they have", rather than take out credit.

Gas price rises: Russia not withholding supplies, says ambassador to UK

Russia is not slowing gas supplies for political reasons, Andrei Kelin says.

Former homeless couple can buy Wednesfield home for £1

The opportunity comes under a scheme aimed at helping key workers and others on to the property ladder.

Six things the UK could do to tackle climate change

People from the Queen to Greta Thunberg are calling for action - so what should that action be?

Southeastern train services taken over by government

The rail operator was stripped of its franchise for failing to declare millions in taxpayer funding.

Why 2.3 million US children could miss out on expanded tax credit

About 67 million US children are eligible for new benefits, but some of the most vulnerable are missing out.

Friday, October 15, 2021

Business insolvencies rise as government aid wanes

The number of firms going bust in September was at its highest since March 2020.

Virgin Galactic delays first commercial space flight

Shares in the firm dive 20% as it delays first tourist flight to make upgrades.

Pump prices for petrol and diesel are near a record high

Average petrol prices are just 2p off their record high from April 2012, says the RAC.

US heating bills set to surge as energy costs jump

Bills could rise by as much as 54% this winter, the US Energy Information Administration says.

Covid: US to lift travel ban for fully jabbed on 8 November

Fully vaccinated travellers will be allowed to enter the US for the first time since March 2020.

Former Boeing 737 Max pilot charged with fraud

The pilot is charged with deceiving federal regulators evaluating 737 Max jets prior to approval.

Shortage problem: What's the UK running low on and why?

Shortages are one thing we don't seem to be running out of in the UK right now.

Thursday, October 14, 2021

Lorry driver shortage: Government to lift rules on foreign haulier deliveries

The government wants to lift the limit on how many deliveries a lorry driver from abroad can make in the UK.

French finance minister: Brexit made UK supply chain crisis worse

France's finance minister also told the BBC that Europe will be one the world's key economic powers.

Sir Gerry Robinson: Businessman and broadcaster dies aged 72

Sir Gerry Robinson presented the series Can Gerry Robinson Fix The NHS? for the BBC in 2007.

Shoppers start to use new £100 contactless payment limit

But retailers say it could take months to update terminals so people can spend up to £100 without a Pin.

Can African tech giant Jumia deliver on its promise?

Can Africa-focussed tech giant Jumia deliver on its promises to a new generation of consumers?

Microsoft shutting down LinkedIn in China

The company will offer a jobs-only site with no social-media elements, instead.

Covid-19: Cheaper travel tests to start on 24 October

People in England going away for half term will be able to book lateral flow tests, the government says.

100,000 workers take action as 'Striketober' hits the US

Staff at tractor maker John Deere walked out on Thursday, with other sectors to follow soon.

Overseas abattoir workers to get temporary visas

The government is to allow butchers into the UK on temporary visas after warnings of mass culls.

Ikea warns stock shortages to last into next year

The Swedish furniture giant says it will take another year before shipping and supplies return to normal.

Travel bosses demand date for PCR test switch

It is time for the UK government to confirm when the changes will come into force, say bosses.

Bitcoin: Bank deputy calls for urgent crypto regulation

The Bank of England's Sir Jon Cunliffe raises concerns about the financial stability risk of cryptocurrencies.

Price of chicken set to rise, UK's largest supplier warns

Supply chain problems mean prices should be higher, the UK's largest poultry seller says.

EDF not ready to take on more customers from bust energy firms

Firm says it is "big question" whether the energy regulator can force more people on to large suppliers.

Domino’s seeks 8,000 drivers before Christmas rush

The pizza giant says it needs the drivers to keep up with demand as sales and orders surge.

Coronavirus: Unions call for vaccine patents to be waived

A global coalition of unions says failing to do so would make supply chain crises worse.

China: Key price measure rises at fastest rate ever

The country's manufacturers have been hit by power cuts and surging commodity costs in recent months.

Wednesday, October 13, 2021

Sunak: Doing all we can to fix supply chain issues

The Chancellor said shoppers "should be reassured" the government is working to fix port delays.

Facebook whistleblower claims checked for breach of UK law

The information commissioner will check a whistleblower's claims to see if Facebook has broken UK law.

Port delays: 'We've run out of Harry Potter stock'

Retailers say their supply chains have been severely impacted by the container logjam at UK ports.

Fashionable farming - the people growing their own clothes

A team of people in the north of England are now making clothes, from seeds to finished garments.

Two more UK energy firms go bust as prices soar

Yet more small suppliers have been caught between soaring energy costs and the UK's price cap.

LA port to open round the clock to tackle shipping queues

The White House has warned supply bottlenecks could cause goods shortages this Christmas.

IEA: Green energy needed to avoid turbulent prices

A failure to invest in green energy may mean more energy price swings says the energy agency chief.

Asda reports no petrol supply issues for a week

Supermarket chain says increase in demand was temporary as petrol shortages in London ease.

Vaping: FDA approves e-cigarette in US for first time

The drug regulator says the benefits of adult smokers switching to the product outweigh the risks.

Shoppers told to plan ahead for Christmas amid port delays

The guidance comes as the UK's biggest commercial port Felixstowe, says the situation is improving.

UK economy grows on camping and dining out

GDP rose 0.4% in August in the first full month after all Covid restrictions were lifted in England.

Tuesday, October 12, 2021

Wives do not earn as much as their husbands, says new global study

Researchers say data from 45 countries over 40 years shows household is a place of great inequality.

Inflation: Price of top China soy sauce raised as costs surge

The announcement is the latest sign of inflationary pressures in the world's second largest economy.

Apple shares drop on reports of iPhone 13 chip shortage

Bloomberg reported that Apple could produce up to 10 million fewer iPhones due to the chip shortage.

US lawmakers vote for short-term debt ceiling fix

The showdown over raising the limit on the amount the US government can borrow is resolved - for now.

Amazon drivers look to sue for compensation over rights

Law firm Leigh Day says Amazon drivers could be entitled to thousands of pounds from the giant.

Why does the internet keep breaking?

Outages of Facebook and its family of apps now lead to significant disruption for firms worldwide

CEO Secrets: 'No need to convince the haters you're worthy'

Michele Roberts, executive director of the National Basketball Players Association, shares her CEO Secrets.

Harry and Meghan become partners at ethical investment firm

The couple have become partners at Ethic, an investment company that manages $1.3bn (£956m) of assets.

Felixstowe port says HGV shortage a factor in container logjam

Shipping giant Maersk says it is diverting cargo from Port of Felixstowe due to congestion.

Delta variant weakening global economic recovery, says IMF

The fund cuts its outlook for advanced economies this year, but says poorer nations are most at risk.

Experts say £10,900 annual income needed to retire

The budget for a minimum standard of living increases to £16,700 for a couple, the calculations suggest.

UK job vacancies reach 20-year high

Retailers and car mechanics are in particular demand as job vacancies surge to 1.1 million.

Monday, October 11, 2021

China floods: Coal price hits fresh high as mines shut

The floods further complicate China's efforts to increase fuel supplies to ease its energy crisis.

Building strategy to look at embodied carbon, says government

Carbon emissions from making building materials - or embodied carbon - had led to calls to end demolitions.

PM expected to back loans for gas price-hit firms

Boris Johnson is set to approve plans for emergency loans to energy-intensive firms, the BBC understands.

Budget: Little room for more spending, says IFS

Despite recent tax rises, there is limited scope to spend more on public services, says the IFS.

Smart headbands claim to make people calmer. Do they work?

Devices that measure brainwaves are increasingly being used by athletes to improve their performance.

Gas price rises: Kwarteng asks Treasury to help firms over cost

Business Secretary Kwasi Kwarteng requests support for industries hit by soaring energy costs.

Carbon dioxide supply deal agreed between government and industry

Business secretary says business will have sustainable supply of CO2 even as gas prices rise.

Nobel economics prize awarded for real-life studies

David Card, Joshua D Angrist and Guido W Imbens share the prestigious economics prize.

China bans British beef again over mad cow disease

Beijing has yet to restart importing beef from the UK after agreeing in 2018 to lift a previous ban.

Asos boss to leave firm as profits jump

The online fashion giant's chief executive has agreed with the board to step down.

Emergency talks over gas price crisis continue

The business secretary is to hold further talks with industry over soaring energy prices.

Sunday, October 10, 2021

Star Entertainment: Shares fall on money laundering claim

Australian gambling giant Star Entertainment will "take appropriate steps" to address allegations.

Why are energy prices soaring?

The perfect storm of long and short-term factors driving the energy crunch.

Liberty Steel cash injection to save 660 jobs

The deal will allow the UK firm's Rotherham plant - which has been closed since spring - to reopen.

Kraft Heinz says people must get used to higher food prices

The boss of the food giant says rising prices are partly due to pandemic disruption.

Saturday, October 9, 2021

Gas prices: Kwasi Kwarteng defends government handling of energy crisis

Suppliers want to review the price cap on energy bills but he says keeping it is "non-negotiable".

Friday, October 8, 2021

Gas prices: MPs pressure government on fuel costs for industry

Conservative MPs have joined industry leaders in calling for ministers to intervene on gas costs.

Energy prices: UK Steel calls for government action

It warns high energy costs could "strangle production" if the government doesn't step in.

Nations agree to 15% minimum corporate tax rate

The historic deal is designed to make big corporations pay a fairer share of tax around the world.

Former Tesco boss Dave Lewis to advise on supply chain crisis

The government wants advice on fixing the supply problems that have led to petrol and other shortages.

US adds 194,000 jobs in September as Delta hits hiring

The unemployment rate fell to 4.8%, but the jobs growth was far below expectations.

Legal action over alleged Uber facial verification bias

Two unions allege the system used to check drivers' identity works less well for darker skin tones.

Air India: Struggling national carrier sold to Tata Sons

The Tata group originally founded the airline in 1932 before it was taken over in 1953.

Groupon pledges to offer refunds and better service after CMA inquiry

The discount voucher firm commits to improving customer service after a warning from the regulator.

Meat supply vacancies: 'Being a butcher is like being an artist'

Two young butchers explain why they took up apprenticeships amid a national industry shortage.

Duolingo boss plans to take on TikTok with maths

Luis von Ahn, chief executive of language-learning app Duolingo, talks about taking on TikTok with a maths app.

Energy users and government to meet over rising cost of fuel

Industries with heavy energy use have called for government help to control costs and keep plants open..

China power cuts: Coal miners ordered to boost output, say reports

Millions of Chinese homes and businesses have been hit by power cuts in recent weeks.

Thursday, October 7, 2021

Covid: Travel firms hope for boost after UK red list cut

The government's move to end quarantine for arrivals from 47 countries is hailed as a "genuine reopening".

Tesla: Elon Musk says company headquarters will move to Texas

Elon Musk announces that the most valuable car company in the world is moving away from California.

US Senate votes to temporarily extend debt ceiling to avoid default

The deal came less than two weeks before the limit on US government debt was due to be reached.

Climate change: Tracking China's steel addiction in one city

The BBC travels to Wuzhou to see how cities are grappling with climate targets and a "build" mantra.

Starter salaries rise at fastest rate in 24 years

Robust demand for staff is fuelled by rising economic activity, survey suggests.

Artificial lightning combats farm pollution

Tests in the UK have shown that artificial lightning can strip pollutants from animal manure.

Why India is on the brink of an unprecedented power crisis

More than half of India's 135 coal-fired power plants are running on fumes - as coal stocks run low.

Labour shortage a human disaster for pig farms - NFU

Farmers' livelihoods are at stake due to a shortage of abattoir workers, according to the farmers' union.

Marcus Rashford: Child poverty may rise as Universal Credit top-up ends

Millions "lost a lifeline" when the temporary rise to universal credit ended, the footballer says.

Newcastle United: Saudi Arabian-backed takeover completed

A £300m Saudi Arabian-backed takeover of Premier League club Newcastle United is completed.

Travel red list cut to just seven countries

From Monday, arrivals from South Africa, Brazil and Mexico will no longer need to quarantine in hotels.

Fuel group wants public inquiry into supply chaos

The Petrol Retailers Association says lessons need to be learned to protect motorists.

Energy bills will rise further, warns regulator

Bills will go up in line with soaring wholesale costs, with prices set to stay volatile, says Ofgem.

NatWest faces fine over money laundering failings

The state-backed bank pleads guilty to offences and could now be hit with a large penalty.

Business is not the bogeyman, firms tell Johnson

The boss of Iceland says blaming business for supply shortages is "simply not helpful".

Regulator closes refund probe into Ryanair and BA

The CMA calls for a change in the law, as customers miss out on refunds after cancelled flights amid Covid.

Mukesh Ambani: Asia's richest man to launch 7-Eleven in India

The first store is set to open in the western city of Mumbai on Saturday.

Wednesday, October 6, 2021

Council tax could rise by £220, say researchers

Households in England could see bills jump within three years, says the Institute for Fiscal Studies.

Intel not considering UK chip factory after Brexit

Boss Pat Gelsinger said the chip-maker would "absolutely" have considered the UK if it was part of the EU.

Businesses welcome back workers as furlough ends

Fears of a big spike in job losses as the government scheme finishes may be unfounded, early data suggests.

Changing China: How Xi's 'common prosperity' may impact the world

China is changing who it prioritises as it grows its economy in ways that could affect us all.

Energy bills could rise by hundreds of pounds

Consumers should be prepared for volatile gas prices and more suppliers collapsing, analysts say.

Nestle admits supply chain issues ahead of Christmas

Simon Jack interview on how the chocolate and ice cream giant is cleaning up its act

Opioid crisis: US pharmacies face moment of truth as trial begins

Major pharmacy chains could face billions of dollars in damages if found liable for fuelling the US opioid crisis.

Fuel retailers 'frustrated' despite improvement

A shortage of petrol and diesel at many forecourts in London and the South East has eased.

What is the minimum wage and how much is it?

In his party conference speech, Boris Johnson said he wants to move to a "high-wage" economy.

Twitch reportedly suffers massive data leak

Documents, shared in online forums appear to show records of payments made to streamers.

Pay gap between men and women fails to improve

Experts alarmed by the number of national employers and High Street firms that continue to have large pay gaps.

Industry calls for help amid record gas prices

The UK's gas benchmark price hits record highs on Wednesday after rising 37%.

Overseas workers only way to solve shortages, says Next boss

Next boss Lord Wolfson says hiring overseas workers under a visa tax scheme is the solution to shortages.

Tesco 'outperforms' with sales and profits growth

Britain's biggest supermarket shrugs off the impact of the pandemic and supply chain crisis.

Tuesday, October 5, 2021

New Zealand raises interest rates for first time in seven years

The move comes as countries start to remove emergency measures put in place during the pandemic.

Fishing rights row: France warns that agreements with the UK are at risk

French PM Jean Castex accuses the UK of not respecting its Brexit deal commitments on fishing.

Conservative conference: We have the guts to change the UK, says Johnson

The PM will promise a high-wage, high-skill economy, as he makes his Conservative conference speech.

Getting businesses to share nicely and save money

Getting firms to share assets is not easy, but can save money and potentially help the environment.

Universal Credit reduction: 'I feel overwhelmed' at financial impact

As the £20-a-week UC uplift is withdrawn, we ask three women how it will affect them.

Amazon opens first UK non-food store

Amazon 4-star near Dartford will sell a range of products which are bestsellers on its website.

Tesla must pay $137m to racially harassed former worker

A judge rules the firm did not take reasonable steps to stop a US factory worker from being abused.

Pandora Papers: As BHS teetered, how Sir Philip and Lady Green went on a property spree

Sir Philip and Lady Green spent millions as the retail chain they had off-loaded went to the wall.

Back to the office: Insurers covering cost of therapy for lonely dogs

More policies cover the cost of behavioural treatment for pets as owners return to workplaces.

Only 127 fuel drivers apply for UK visa - PM

Boris Johnson says the slow take up of visa for fuel drivers illustrates the problem of shortages globally.

Greggs speeds up shop opening plans

But the bakery chain says it has been hit by staff shortages and disruption to ingredient supplies.

Monday, October 4, 2021

Pandora Papers: The secret owners of UK property worth billions

Foreign politicians and people accused of corruption have bought homes through offshore firms.

Evergrande: Investors kept waiting over 'major' deal

Two more Chinese property companies are causing concerns over their ability to repay their debts.

New car registrations fall to lowest level for two decades

Trade body the SMMT said UK new car registrations fell 35% due to a shortage of computer chips.

Hollywood union workers vote to authorise strike

Hollywood's off-camera employees say they are being worked to death with long hours.

Windows 11 launches with redesigned start menu

Microsoft's latest operating system is being offered as a free upgrade from Tuesday.

Should you date someone based on their music taste?

Finding love through music, the app matching-up couples based on their 'emotional profiles'.

The classic cars being converted to electric vehicles

Historic cars are being retrofitted with recycled electric motors and batteries.

Scandal-hit Ozy Media says it has re-launched

The announcement comes days after the firm shut down amid a scandal over its business practices.

Facebook, Whatsapp and Instagram suffer outage

Social media sites owned by Facebook were knocked offline on Monday, tracking sites showed.

US will 'take all steps necessary' to defend itself on China trade

US trade representative vows new approach to Beijing, saying it will take "all steps necessary” to protect interests.

Army starts fuel deliveries to relieve shortages

About 200 army personnel will help out as fuel supply problems in some areas continue.

Morrisons chairman expects good Christmas for shoppers

As the supermarket's ownership is settled, its chairman says supply issues have been "slightly overblown".

Frances Haugen: Facebook whistleblower reveals identity

Facebook ex-product manager Frances Haugen says the company prioritises "growth over safety".

Sunday, October 3, 2021

Conservative conference: Rishi Sunak to extend job support schemes

The chancellor will vow to "double down" on support for work, in his first Tory conference speech.

Evergrande: Debt-laden China developer's shares suspended

The Chinese real estate company reportedly missed millions of dollars of bond interest payments.

Covid: Amber list scrapped as travel rules simplified

The changes will make it easier and cheaper for people to travel abroad, industry groups say.

Pandora Papers: Secret wealth and dealings of world leaders exposed

The offshore dealings of presidents, prime ministers and royalty feature in the Pandora Papers.

Clean energy from the fastest moving objects on earth

Why fusion promises clean unlimited energy and one firm hopes to spark it with high-speed collisions.

Fuel issues persist in south but 'over' elsewhere

Petrol problems are "virtually over" in Scotland, northern England, and the Midlands, say retailers.

Conservative conference: Boris Johnson refuses to rule out further tax rises

The PM says he is a "zealous opponent" of high taxes, but warns Covid hit the UK like a "fiscal meteorite".

Budget Ukrainian airline swaps high heels for trainers

Flight attendants with Ukraine's SkyUp say the new uniform is much better for their health.

Rape case sparks fury over China's work drinking

As public scrutiny of corporate misbehaviour grows, can business drinking be dropped forever?

Saturday, October 2, 2021

United Airlines CEO: Insisting on vaccines "right thing to do"

Around 300 of the airline's 67,000 US based staff are yet to comply with the strict Covid policy.

Petrol deliveries: Visas for foreign lorry drivers extended

The government is issuing 300 visas to overseas fuel tanker drivers "immediately" to ease delivery issues.

Fuel supply still a big problem in south-east England - retailers

About one in six petrol stations nationwide remain out of fuel but shortages are concentrated in some areas.

Morrisons: US firm wins auction to take over supermarket chain

Clayton, Dubilier & Rice is highest bidder in the battle to secure UK's fourth-largest supermarket group.

Friday, October 1, 2021

Fuel supply: Military to deliver petrol to UK garages from Monday

Almost 200 servicemen and women will provide "temporary" support to help relieve pressure on UK stations.

Stamp duty holiday: Success or failure?

As stamp duty returns to its pre-pandemic status, there are opposing views over recent tax policy.

Biden v Big Meat: Can the US tackle rising beef prices?

Meat prices have shot up in America, and the White House says the big suppliers are to blame.

Ozy Media chairman quits after bombshell NYT report

Billionaire Marc Lasry steps down amid reports the US firm's co-founder deceived potential investors.

Petrol: BP says UK fuel shortages seem to be stabilising

The oil firm says that it is starting to see a small rise in stock across its network.

Pub chain Wetherspoon reports record loss

The pub chain saw its sites closed for about 19 weeks under coronavirus-related restrictions.

Shutdown: Congress votes to keep US government open

But a vote on President Biden's massive $1tn (£750bn) infrastructure bill was postponed.