Monday, February 28, 2022

Jackie Weaver and the new era for council meetings

Councils are debating whether to spend thousands of pounds to continue live steaming their meetings.

Ukraine to sell 'war bonds' to fund armed forces

The war-torn country moved to reassure international investors that it will not default on its debt.

Ukraine conflict: Disney, Warner, Sony halt release of films in Russia

The moves come as major corporations cut business links with Russia after its invasion of Ukraine.

The whistleblowing bankers who were sent to jail

Traders who blew the whistle on fraud were jailed, but no senior figure was prosecuted.

Highest rail fare rise in nine years takes effect

Travellers in England and Wales will be charged up to 3.8% more, adding to the cost of living.

Toyota to close Japanese factories after suspected cyber-attack

A suspected attack on a supplier means 14 plants in Japan will close on Tuesday.

Canada to ban imports of crude oil from Russia

Canadian Prime Minister Justin Trudeau said the move would send a "powerful message".

Shell to sever Gazprom links in Ukraine crisis

Shell said on Monday that it will exit joint ventures with the Russian gas giant Gazprom amid the conflict.

Sunday, February 27, 2022

Ukraine conflict: Russian rouble plunges after new sanctions announced

The growing tensions also helped to push the price of Brent crude oil back above $100 a barrel.

UK fast-tracks law to tackle Russian 'dirty money'

The new law follows the invasion of Ukraine and will target money-laundering by foreign oligarchs.

Cost of living: Bill shock as energy price rises hit home

Details of bill rises are now being sent to customers, with some set to pay well over £1,000 more a year.

British Airways passengers call airline 'woeful'

British Airways customers have faced delays and cancellations for a second weekend due to IT problems.

How Taiwan used simple tech to help contain Covid-19

The low-tech approach that helped Taiwan efficiently fight off coronavirus.

Why the world is waging economic war on Russia

Sanctions imposed by Western nations will cause major repercussions for Russia's financial system.

How badly will Russia be hit by new sanctions?

The latest financial measures against Russia for invading Ukraine had been seen as a 'last resort'.

Ukraine invasion: Russian planes face near-total airspace ban to west

An EU official says most countries on the continent are expected to limit access to Russian airlines.

Saturday, February 26, 2022

Volunteers are helping lower bills for those on low incomes

Specialist community groups are offering workshops and home visits to help people cut energy bills.

West to cut some Russian banks off from Swift

The EU, US and allies will cut off a number of Russian banks from main global payment system Swift.

Millions in Bitcoin pouring into Ukraine from donors

Thousand of anonymous donations are being made to the Ukrainian military in Bitcoin.

Swift payments crackdown on Russia edges closer

Germany, the main opponent of excluding Russia from the Swift banking system, now says it favours curbs.

Friday, February 25, 2022

IT problems causing BA cancellations and delays at Heathrow

BA apologises to customers for what it said had been a "very difficult week".

Cost of living: 'What do you put first? Food, heating or petrol?'

Record high petrol and diesel prices are a growing concern for people and businesses.

Ukraine conflict: BP under pressure to sell stake in Russian firm

The oil giant's boss is warned of UK government concerns about its "overexposure to Russian interests".

Post Office scandal: Hull victim Janet Skinner addresses inquiry

Former sub-postmistress Janet Skinner gives evidence at the inquiry into the Horizon IT scandal.

Russia bans British airlines from its airspace

The move follows the UK's decision to ban Russia's national airline Aeroflot from landing in the UK.

Thursday, February 24, 2022

Could you pledge not to fly on a plane for a whole year?

The growing number of people ditching air travel entirely or choosing to carbon-offset.

'Chaotic' youth job scheme failing to deliver, MPs say

The £1.9bn plan to get youth into work has helped fewer people than predicted, a group of MPs says.

Ukraine crisis: Warning UK energy bills could top £3,000 a year

The conflict in Ukraine could push the energy price cap to £3,238 a year from October, a report warns.

Why Ukraine crisis could cause global price rises

The conflict could push up oil and food prices globally when people are seeing the cost of living increase.

1MDB: Trial of ex-Goldman banker paused after documents blunder

Prosecutors did not share more than 15,500 documents with defence lawyers, a court heard.

Wednesday, February 23, 2022

Students to pay off loans into their 60s, plans say

The government announces a shake-up of student finance in England to reduce the bill for taxpayers.

Covid: 'We'll still ask staff to isolate despite rule change'

Some businesses raise concerns over the removal of all Covid rules in England from Thursday.

Sunak says he 'firmly believes in lower taxes' despite April increase

The chancellor will pledge to deliver a lower tax economy amid pressure scrap rises in National Insurance.

Mini Oxford plant production halted due to chip shortage

BMW stands down production at its Oxford plant for a week due to a global computer chip shortage.

Heathrow passenger numbers lowest for 50 years

The UK's biggest airport blames Covid restrictions in 2021 for its lowest passenger numbers since 1972.

Barclays freezes ex-boss's bonus amid Epstein links

Jes Staley's payments are suspended as regulators examine how he described his links to Epstein.

Tuesday, February 22, 2022

K-pop: BTS agency Hybe grows profits by 31%

The Korean entertainment group saw high revenues from selling content such as games and comics.

Covid support fraud and waste unacceptable, MPs say

Public Accounts Committee report says the taxpayer is exposed to long-term financial risk.

Innocent drinks ads banned over environmental claim

The Advertising Standards Authority said the drinks firm's ads "misled" customers over environmental impacts.

The mobile phones you can take apart and repair yourself

Phones you repair yourself are increasingly popular, and are attracting an enthusiastic following.

Boots to sell £6 Covid tests ahead of rule change

Four-packs of lateral flow tests will be on sale for £17 from Wednesday despite free tests remaining until 1 April.

UK finances improve in January as tax revenues grow

Government finances recorded a surplus last month as the economy opened up from lockdowns.

Monday, February 21, 2022

Truth Social: Banned from Twitter, Trump returns with a new platform

The former president's platform, Truth Social, goes live on the US Apple App Store.

Businesses warn against end of free Covid tests

Leaders did, however, cautiously welcome the "living with Covid" plan that will end self-isolation rules.

Post Office scandal: 'I was sentenced as my grandchild was born'

Victims of one of Britain's biggest miscarriages of justice tell an inquiry of the impact on family life.

Menzies Aviation faces £560m takeover by Kuwaiti rival

Directors recommend a new offer from Kuwait-based National Aviation Services to shareholders.

British Airways blames luggage delays on high winds

The airline says continuous high winds are making it difficult to offload passengers' luggage.

Home buyers facing soaring asking prices

A near £8,000 price rise between January and February is the highest for 20 years, says Rightmove.

Covid rules: Workers face terrible choice, says TUC

An expected change in rules in England could hit low-paid workers, the trade union says.

Sunday, February 20, 2022

McDonald's pig policy fight escalates with board nominations

Billionaire investor Carl Icahn says how the animals are reared for products is "obscene".

Credit Suisse denies wrongdoing after big banking data leak

A new investigation identifies thousands of foreign customers who stashed their money at the bank.

Lufthansa to suspend flights to Ukraine capital

The German airline will also halt services to Odessa as fears grow over a Russian invasion of Kyiv.

Saturday, February 19, 2022

Do more to spur investment, firms urge government

The trade body says firms need help as they face the highest tax burden in decades.

Woollen mills: Plans to save 'iconic' Welsh blanket

One mill is becoming an employee ownership trust and another is hoping to be taken on by a museum.

More than 17,000 chain store shop closed last year

Figures reflect the rise of online shopping and the pandemic, but the rate of closures is slowing.

Friday, February 18, 2022

Energy bills: 'It's really extraordinarily grim'

Mary Paterson is one of thousands facing energy price rises of 200% because of no price cap protection.

Storm Eunice: Travellers urged to stay at home

Bus, train, flights and ferry services have been disrupted across England and Wales due to the storm.

Sports car dreams up in smoke as cargo ship catches fire

Thousands of Porche, Audi and VW cars on cargo ship to the US which caught fire in the Atlantic Ocean.

Retail sales rebound in January as Omicron eases

Sales of household goods rise strongly but food sales fall below pre-pandemic levels.

Thursday, February 17, 2022

Alibaba and Tencent sites added to US 'Notorious Markets List'

The official list names 42 online and 35 physical stores, including e-commerce websites of the firms.

Storm Eunice: How do I claim for damage?

With red weather warnings issued, how can homeowners claim for the damage left behind?

Hybrid working here to stay, managers say

The pandemic has made hybrid working the new norm for some firms, a survey suggests.

AirAsia boss calls on governments to be 'brave' and open borders

Tony Fernandes was speaking at the Singapore Airshow, which returned after two years of travel restrictions.

Stocks tumble as tensions rise over Ukraine

The falls came as the US accused Russia of preparing fabrications to justify an invasion.

Wednesday, February 16, 2022

Citizens Advice: Millions affected by festive post delays

People missed post over Christmas due to pandemic-related Royal Mail delays, the charity says.

Post Office scandal: MPs call for full postmaster compensation

The government must fully compensate Post Office staff who were wrongly accused of fraud, MPs say.

UK to scrap golden visa scheme for foreign investors

It comes amid pressure on ministers to cut links to Russian money over the crisis in Ukraine.

Ex-Goldman banker: 'Bribes' made 1MDB business possible

A former Goldman Sachs banker is on trial for his role in a multi billion dollar corruption scandal in Malaysia.

Nick Clegg gets bigger role at Facebook owner Meta

The former UK deputy prime minister has been named the firm's president of global affairs.

US accuses China of 'serious harm' to workers through trade

The US Trade Representative has accused Beijing of repeatedly failing to live up to commitments on trade.

Higher clothing and footwear prices push living costs up again in January

Inflation rose to 5.5% in the 12 months to January, remaining at a 30-year high.

Tuesday, February 15, 2022

Ukraine crisis: How much Russian money is there in the UK?

The UK is considering sanctions against Russian interests, but what action can be taken?

Disney appoints executive to oversee metaverse strategy

Technology giants, including Meta and Microsoft, are pouring billions of dollars into the metaverse.

Car industry calls for electric charge watchdog

Manufacturers call for a regulator to monitor electric car charging prices and charge point rollout.

Airbnb: City travel almost at pre-pandemic level

Cities are important destinations for the lodging website's business.

Airbus workers vote for strike action in pay row

Workers at two plants could walk out in March unless a better deal is offered, a union says.

UK wage growth continues to trail cost of living

Real pay fell by 0.8% between October and December as inflation soared, official figures show.

Broadband firms urged to offer deals to low-income families

Broadcasting watchdog Ofcom calls on all companies to support households with "social tariffs".

Beijing tech crackdown: China's new data rules come into effect

Companies with more than one million users’ data must undergo a review before listing overseas.

Monday, February 14, 2022

1MDB scandal: US prosecutors allege ex-Goldman banker made millions

Malaysia's sovereign wealth fund lost billions of dollars in one of the world's biggest financial scandals.

Trudeau vows to freeze anti-mandate protesters' bank accounts

Canada's prime minister says police will also be given "more tools" to imprison or fine demonstrators.

Roblox: The children's game with a sex problem

A BBC investigation has found virtual sex parties are taking place in a popular online children’s game.

Bionic eye tech aims to help blind people see

Several firms are working on artificial eye tech that incorporates wireless, embedded sensors.

The tricks scammers use to steal your money

Criminals are 'socially engineering' victims into giving them money, according to Barclays Bank.

New powers proposed to end unsafe cladding scandal

Developers who refuse to pay to remove dangerous cladding will be punished, the government says.

Sunday, February 13, 2022

Post Office scandal: Public inquiry to examine wrongful convictions

More than 700 sub-postmasters and mistresses were wrongly convicted due to a flawed computer system.

HMRC seizes NFT for first time in £1.4m fraud case

The tax authority says it is the first UK law enforcement body to seize a Non-Fungible Token.

Two 'green freeports' to be established in Scotland

The Scottish and UK governments agree the deal as Boris Johnson is expected to visit Scotland.

Big banks fund new oil and gas despite net zero pledges

Investors should force banks to demand green plans before funding fuel firms, campaigners say.

Northern Powergrid sorry for Storm Arwen trillion pound compensation error

Customers hit by power cuts in Storm Arwen erroneously received cheques for trillions of pounds.

Post Office scandal: 'I want someone else to be charged and jailed like I was'

Former sub-postmasters hope for "justice" as statutory inquiry into scandal starts hearing evidence.

Saturday, February 12, 2022

Poundland moves into fresh food

The brand better known for discount household essentials has rolled out its first supermarket-style format

Friday, February 11, 2022

Cost of pasta and tinned tomatoes jumps as shop prices rise

Research for the BBC suggests the price of 15 food staples across four supermarkets has risen 8% in a year.

The challenges of running a business in Ukraine's second city

There is a sense of déjà vu among the business community in Kharkiv, 26 miles from the Russia border.

Luton Airport: Travel is a 'bit more of a normal life again'

There are "green shoots" for the air industry as Covid tests ease for travellers, a business says.

UK economy expanded 7.5% last year

Growth was ahead of forecasts despite a setback in December due to Omicron restrictions.

Thursday, February 10, 2022

China halts Lithuania beef, dairy and beer imports amid Taiwan row

The move may bolster a European Union case against China, which alleges discriminatory trade practices.

Covid pandemic: Drinkers shun beer for wine and spirits

People in the UK drank less beer and more wine and spirits in the pandemic, an industry group says.

HMRC hits back over claims it is soft on fraud

A committee of MPs says the tax authority's inaction is rewarding the unscrupulous, a claim that is denied.

Crypto exchange Binance to take $200m stake in Forbes

The investment by a former antagonist is the latest twist for the 105-year-old media business.

Apple moves to stop AirTag tracking misuse

The company will introduce a range of measures, after concerns AirTags were being used by stalkers.

UK must move faster to insulate homes - climate chief

The cost of heating is rising - experts say government help is needed to insulate millions of homes.

Wednesday, February 9, 2022

The Enigma: Billion-year-old black diamond sold for £3.16m

Auctioneer Sotheby's said that the buyer used cryptocurrency to make the purchase.

Co-op boss to take break to help sons with exams

Jo Whitfield said she will step away from the business in May to help her two sons.

Disney park trips surge after Covid measures eased

The firm said sign-ups to its Disney+ streaming service were also strong and forecast further growth.

Openreach creates 4,000 jobs for broadband rollout

The company, which is owned by BT, says 3,000 of the new roles are apprenticeships.

Wage and energy bills push firms to raise prices

Three in four businesses say they are putting up prices to customers, a survey has found.

Stansted Airport mounts recruitment drive ahead of 'bumper' summer

Stansted Airport is hoping for a bumper season after two years of downturn due to Covid.

Tuesday, February 8, 2022

Global chip shortage: Toyota profits fall as production hit

The world's best-selling carmaker also cut its annual production target by half a million vehicles.

Further Brexit disruption to trade, warn MPs

Government must do more to see introduction of new import controls goes smoothly, a committee says.

Half-term travel: UK families avoid Spain over jab rules

Spain's rule barring unvaccinated over-12s means UK travellers are opting for Mexico and Turkey instead.

Greggs and Primark to launch fashion range

A limited-edition, 11-piece collection will be available in 60 Primark stores later this month.

Rental costs jump as workers return to the office

People looking to rent a property are paying £62 more a month than pre-pandemic, says Zoopla.

Starbucks fires organisers as union threat grows

The coffee giant rejects accusations of retaliation after firing staff at one of its locations in Memphis.

Record-high seizure of $5bn in stolen bitcoin

Two suspects allegedly conspired to launder the money after it was stolen by a hacker in 2016.

Monday, February 7, 2022

‘Fined 22 times for parking outside my own home’

Plans to crack down on private parking firms are long overdue, motorists tell the BBC.

Pre-payment energy customers feeling the strain

Pay as you go customers will typically pay £708 more a year for their energy

The people fighting price rises by trying to buy nothing

A surge of interest in Buy Nothing groups is a sign buyers are hunting for new ways to avoid inflation.

Porn sites will be legally required to verify users' age

Under new rules, users may be asked to prove they own a credit card or confirm their age via a third-party service.

Primark accused of selling 'hugely sexist' kids clothes

Author Kate Long shared images of girls' items telling them to "be kind" or "keep on smiling".

Beer prices will have to rise, says Cobra founder

A "vicious cycle" of rising costs means nearly all businesses are being squeezed, Lord Bilimoria says

House price growth set to slow considerably, says Halifax

Affordability remains a problem and households are facing a cost of living squeeze, the lender says.

Sunday, February 6, 2022

Amazon and Nike exploring Peloton takeover, reports say

The exercise equipment maker's shares have slumped in recent months as it faced a number of challenges.

North Korea: Missile programme funded through stolen crypto, UN report says

Investigators say cyber-attackers stole over $50 million in digital assets between 2020 and mid-2021.

Climate change: Top companies exaggerating their progress - study

Companies including Google, Amazon and Ikea are not meeting their own green targets, a report finds.

Private parking fines to be capped at £50

Drivers will also need to be given a grace period for lateness, as part of a government crackdown on parking firms.

Worst to come for food price rises, Tesco boss says

Boss John Allan tells the BBC costs will rise further and the plight of people on low incomes "troubles us".

Friday, February 4, 2022

Climate change: Tesco using electric lorries in 'UK first'

The UK's largest supermarket chain is using battery-powered trucks to lower its carbon footprint.

Can tourism ease the inflation pressure in Turkey?

As people in Turkey battle a massive rate of inflation could tourism help ease the situation?

Energy price rise includes £68 for failed firms, says Ofgem

Regulator Ofgem says about 10% of the latest energy price cap rise covered the cost of firms going bust.

Life won’t get easier until 2023, warns Bank boss

Households will see the biggest fall in their living standards for 30 years, the Bank of England says.

Thursday, February 3, 2022

Facebook owner Meta sees biggest ever stock market loss

The company's chief executive Mark Zuckerberg saw his personal fortune fall by $31bn.

Koo: India's Twitter alternative with global ambitions

India's Koo expects to surpass Twitter's 25 million-strong user base in the country.

Cost of living: 'We'll cut back on things that make memories'

Suzanne Samaka and her partner work full time but will struggle to cover rising energy bills.

Fuel and excise duty must be replaced with new tax, MPs say

The UK will be left with a £35bn "black hole" as motorists switch to electric cars, says Transport committee.

Amazon raises US price for Prime as profits jump

The increase to its membership fee applies to US customers, with no other announcements "at this time".

European oil facilities hit by cyber-attacks

Multiple oil transport and storage companies across Europe have been hacked, the BBC has confirmed.

Wednesday, February 2, 2022

Many people still in the dark over gas boilers, say MPs

Government needs to clearly spell out the major changes required in the years ahead, a committee says.

Cost of living: ‘How will we afford anything with bills this high?’

A recent poll for BBC 5 Live suggests a third of adults working full-time are struggling to pay their bills.

How an interest rate rise might affect you

Interest rates rose for the first time in three years in December and are expected to increase again on Thursday.

Wordle code could be copied to play for seven years

But anyone tempted might need a degree of coding know-how and there could be legal issues.

Fawdon Nestle factory to close with loss of 474 jobs

Unions condemn the closure of the sweet factory and the loss of 474 jobs as "unacceptable".

Facebook owner Meta warns advertising is slowing

Shares in the tech giant plunge after the firm warns of rising costs and slower growth.

Pret raises the price of its coffee subscription by 25%

Some customers say the 25% rise is too steep but Pret says its costs are rising sharply.

Tuesday, February 1, 2022

Fraud: MPs seek overhaul to tackle financial scammers

Fraudsters are acting with "impunity", a committee says as it calls for changes in tackling economic crime.

Can the UK really improve inequalities without big spending?

The government has allocated £4.8bn as part of its plan to "level up" all UK regions, but will this be enough?

Amazon announces 1,500 new apprenticeships for 2022

The expansion of the retailer’s programme includes over 200 degree-level apprenticeships.

What next for Wordle and its fans?

Fans have been left guessing what will come next, as the viral puzzle is sold to the New York Times.

CEO Secrets: 'As a female CEO, action is what matters'

Ogilvy UK, CEO, Fiona Gordon explains why women bosses must drive change in workplace culture.