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.
Subscribe to:
Posts (Atom)