Sunday, July 31, 2022
Ofcom urged to help end broadband loyalty penalty
Many long-standing customers pay more for broadband and mobile contracts than new customers do.
Starlink: Why is Elon Musk launching thousands of satellites?
The billionaire's SpaceX company hopes to provide an internet service from space.
Fuel tax cut in UK among lowest in Europe, RAC says
The motoring group says the UK's fuel duty cut looks "paltry" compared to help given in other countries.
Post Office under pressure over victims' pay-outs
The chair of the Post Office scandal inquiry will issue a report to parliament unless progress is made.
Octopus Energy asks government for £1bn to buy Bulb
The firm is seeking the funds, which will be paid back, to take over the collapsed firm.
Ukraine grain tycoon killed in Russian shelling of Mykolaiv
One of Ukraine's richest men and his wife died in a heavy bombardment, the authorities said.
Saturday, July 30, 2022
‘I lost £40,000 worth of crops in a field fire’
People are being urged to take extra care to avoid causing fires in the countryside during hot weather.
Friday, July 29, 2022
Train strike set to cause widespread disruption
Birmingham's Commonwealth Games and the kick-off to the football season are among the events affected.
Train strikes: 'I cycled 33 miles to get to a gig'
Many people's travel plans have been disrupted but some aren't willing to let train strikes get in their way.
How Singapore is turning multi-storey car parks into farms
The densely populated South East Asian island nation imports more than 90% of the food it consumes.
Thursday, July 28, 2022
Hershey warns of Halloween treats shortage
Nestle chief executive Michele Buck says the firm "will not be able to fully meet consumer demand".
Thousands of BT staff walk out in strike over pay
The union has warned people working from home. and broadband roll-out could be affected.
Details of £400 energy payment to households revealed
The money will be spread over six months but how it is received depends on how you pay your bills.
Network Rail starts consultation over job reforms
The move comes as the company and the RMT union can't agree a way forward on pay and jobs.
Five money saving ideas for parents over summer
The cost of the school summer holiday is worrying many families struggling with rising prices.
Apple and Amazon sales up despite rising prices
The companies are closely watched for signs of how people are spending as the economy slows.
Wednesday, July 27, 2022
Why Premier League teams are flocking back to Asia
Top football clubs have resumed pre-season Asian summer tours, after three years of Covid travel bans.
US mortgage lender to pay $20m in redlining case
Prosecutors say staff at the company exchanged racist emails and dubbed minority communities "ghetto".
Britishvolt: Electric car battery plant's funding confirmed
Britishvolt is building a huge factory in Northumberland, which it says will create 3,000 jobs.
Facebook owner Meta sees first ever sales decline
The owner of Instagram and WhatsApp faces increased competition from the likes of TikTok.
US makes huge interest rate rise to tame soaring prices
The Federal Reserve is increasing interest rates for a fourth time as it tries to control inflation.
Train strikes: Drivers to walk out over pay on 13 August
Drivers at nine rail companies will walk out again next month, the union Aslef says.
Gas prices soar as Russia cuts German supply
The Nord Stream 1 pipeline is now operating at just a fifth of its usual capacity.
McDonald's puts up price of cheeseburger for first time in 14 years
The fast food firm increases the price for the first time in 14 years due to growing cost pressures.
Tuesday, July 26, 2022
Pause benefit deductions for debt repayment - MPs
Households struggling through the cost-of-living crisis need some breathing space, MPs say in a report.
Train strikes: Disruption expected with latest rail walkouts
Tens of thousands of rail workers are walking out in a dispute over pay, jobs and terms.
Vow to tackle long waits to make a complaint
The financial regulator says new rules should tackle some of the biggest frustrations for consumers.
Train strikes: When are they and what are the disputes about?
Thousands of train drivers and rail workers will go on strike in July and August.
Heathrow hits back at Ryanair in air travel row
The boss of the UK's largest airport says Ryanair is wrong to blame airports for travel disruption.
Ukraine war: Russia waging gas war with Nord Stream 1 cuts - Zelensky
Ukraine's president accuses Moscow of using gas restrictions to inflict misery on ordinary Europeans.
Monday, July 25, 2022
Cost of living: Walmart issues profit warning as price rises hit
The US retail giant expects its annual profits to fall by up to 13% as food and fuel prices surge.
Amazon Prime subscription price raised by £1 a month
The £1-a-month rise comes after years in which the streaming service paid millions for football rights.
Convenience store spy cameras face legal challenge
Big Brother Watch campaigners says the "Orwellian" cameras at Southern Co-op shops breach people's rights.
Cost-of-living payments branded insufficient as energy bills soar
The Business Committee says payments should reflect higher than anticipated energy bills.
Ryanair boss hits out at airports: 'They had one job'
Neil Sorahan says airports had "one job to do" - to recruit enough staff to deal with higher demand.
Eurotunnel and Dover queues: Warning of another busy weekend of Channel traffic
Traffic heading to France is flowing freely on Monday but it is expected to be very busy next weekend.
Sunday, July 24, 2022
Evergrande: Crisis-hit property giant faces deadline after bosses quit
The Chinese property firm is expected to deliver a preliminary restructuring plan this week.
Elon Musk denies affair with Google co-founder's wife
The technology multi-billionaire's comments came in response to a report in the Wall Street Journal.
Ukraine war: Russia denies causing global food crisis
Its foreign minister, who is in Egypt, says the West is distorting the truth as the Ukraine war rages.
Football kit sales delayed as supply chain issues hit clubs
Fewer than half of English clubs have both their home and away kits on sale ahead of the new season.
France energy: Air-conditioned shops will be told to shut doors to cut waste
New rules will force shops to keep doors shut when air conditioning is on and limit use of neon signs.
Three questions Liz Truss and Rishi Sunak must answer
The final two candidates for prime minister have some fundamental decisions to make over the economy.
Dover and Eurotunnel queues: Travellers warned of third day of delays
Families report sleeping in cars overnight on the approach to Eurotunnel, with waits of up to 21 hours.
Saturday, July 23, 2022
Cost of living: Saving money on our summer holiday
Millions of us are still determined to have a summer getaway but keeping an eye on spending.
Friday, July 22, 2022
Airport workers on travel problems
Pilots, flight attendants and a baggage handler tell us what is happening where they work.
Cyber-attacks on Port of Los Angeles have doubled since pandemic
The threats to the Port of Los Angeles are believed to come mainly from Europe and Russia.
Port of Dover declares critical incident over queues
The weekend is expected to be one of the busiest periods of the year for holidaymakers.
Cost of living: Families cut back on fuel and clothes as prices rise
Retailers say record price rises are making households concerned over what they can afford.
Port Talbot: Tata steelworks could close without subsidy deal
Tata Group head says if a £1.5bn deal for reducing carbon emissions is not struck sites could close.
Thursday, July 21, 2022
Snap shares slide as advertising slump hits sales
The California-based company is best known for the photo-sharing app Snapchat.
Russia 'looting' steel bound for Europe and UK, says Metinvest boss
A Ukrainian steel boss accuses Russia of stealing metal that had been meant for Europe.
Ryanair's Michael O'Leary wants 'practical' immigration approach
A "common sense" approach to post-Brexit policy is needed to fill vacancies, says Michael O'Leary.
UK blocks University of Manchester sensor deal with Chinese company
The proposed licensing of vision-sensing technology could be a national-security risk, the government says.
Nord Stream: Key Russian pipeline resumes pumping gas to Europe
There had been fears Moscow would not restart flows in response to sanctions over the Ukraine war.
China ride-hailing giant Didi fined $1.2bn after probe
The country's cyber security watchdog launched a probe into the firm just days after its US listing.
Wednesday, July 20, 2022
Tesla sells most of its Bitcoin holdings
The deal comes as the value of the cryptocurrency has plunged.
EU told to prepare for Russian gas shut-off
Countries urged to cut use by 15% until March, with the target becoming mandatory if Russia halts supplies.
Samsung did not break rules over woman running at 2am advert
People complained that the "irresponsible" smart watch advert encouraged unsafe behaviour.
Trains cancelled and delayed after heatwave damage
Network Rail said no direct trains are running between London and Scotland as repair work continues.
Tuesday, July 19, 2022
Petrol costs drives prices up at fastest rate for 40 years
UK inflation, the rate at which prices rise, edged up to 9.4% in the year to June up from 9.1% in May.
Luxury brand Manolo Blahnik wins right to use own name in China
The UK-based luxury shoemaker has not operated in the world's second largest economy for over 20 years.
Rogers outage: Why a network upgrade pushed millions in Canada offline
A Canadian telecoms giant is under pressure to ensure a network crash felt nationwide doesn't happen again.
Why do companies get involved in social issues?
Firms are getting more vocal on social issues but why now and what do customers and employees want?
Netflix subscriber losses grow
The streaming giant saw subscribers fall by almost 1 million - not as much as feared.
Twitter-Musk takeover dispute heading for October trial
Twitter hopes that the trial will end with a court order for Musk to complete a $44bn takeover bid.
Monday, July 18, 2022
Amazon targets 10,000 fake review Facebook groups
The groups were offering refunds for products purchased on Amazon once reviews had been posted.
Russia hits Google with fine for 'illegal content'
Russian regulator says the content included "fake" reports that discredited Russia's military.
H&M to sell off stock before leaving Russia
The world's second-biggest retailer says it is impossible to do business due to the war in Ukraine.
Young people cut back on video streaming services
The rise in the cost of living has led to more people cutting their subscription services.
Speed limits on railways over track buckling fears
Record temperatures could affect the safety of steel tracks which expand in the heat, Network Rail says.
Sunday, July 17, 2022
Starbucks explores UK business sale, reports say
The world's biggest coffee chain has been hit hard by lockdown measures and changing customer habits.
Sri Lanka crisis is a warning to other Asian nations
Rising interest rates are making debt repayment costlier, putting Asian emerging markets at risk of default.
UK set to have world's biggest automated drone superhighway
Reading, Cambridge and Rugby are among the places set to be connected by drones.
Cutting UK taxes now would be a mistake, says IMF
Tax cuts could be misguided and might boost inflation by strengthening spending, a top IMF official says.
Amazon price matches Tesco as supermarkets fight for customers
The move by the online giant comes as supermarkets battle for customers amid the soaring cost of living
Union calls for heat limit law in workplaces
The GMB says workers need protection as a red warning for extreme heat in parts of England is due to begin.
M&S scraps 'best before' dates on fruit and veg to cut food waste
The High Street giant becomes the latest food retailer to take action to stop food being binned at home.
Saturday, July 16, 2022
Farnborough Airshow: Aerospace deals set to fly
Airbus and Boeing go head to head for deals as sustainability takes centre stage, while defence firms focus on the Ukraine effect.
Thursday, July 14, 2022
UK tech talent shortage threatens to stifle growth in the industry
Despite well-paid jobs, there is not enough talent to fill vacancies, an industry body says.
Coronavirus: China economy contracts amid zero-Covid policy
Shanghai and other Chinese cities were put into full or partial lockdowns during the last three months.
Cost of living: 'I owe my mum £6,000 but I can't stop spending'
One in four are financially stretched but reluctant to curb spending, according to research seen exclusively by the BBC.
Sri Lanka: Central banker warns country faces shutdown without stable government
Nandalal Weerasinghe says everyone will suffer if no stable government is formed soon.
Amazon to create 4,000 new UK jobs
The online retailer is taking on thousands more staff as it continues to expand in the UK.
Rail workers to strike for another two days in August
Workers at Network Rail and 14 train operators will now strike on 18 and 20 August, as well as 27 July.
Wednesday, July 13, 2022
Netflix and Microsoft team up for cheaper plan with adverts
In April, the firm said subscriber numbers had fallen for the first time in more than a decade.
Uber sued by 550 women over sexual assault claims
The ride-hailing giant said last month that it received 998 reports of sexual assault incidents in 2020.
First cost-of-living payments start to arrive in accounts
The first £326 payment will be paid by the end of July, the government has said.
Heatwave: When is it too hot to work?
With much of the UK facing a heatwave, when is it too hot to work?
What are airports doing to avoid summer holiday chaos?
The mammoth effort underway to prepare the aviation sector for 'super peak' getaway period.
IMF warns of 'darkening' global economic outlook
The International Monetary Fund hints it will downgrade its expectations for global economic growth.
UK economy grows more than expected in May
The economy grew by 0.5% in May, higher than many analysts had predicted.
Tuesday, July 12, 2022
Rogers outage: Millions to get credits over internet and mobile blackout
The disruption - which lasted for over 15 hours - affected transport, banking and emergency services.
Australia probes retail giants Bunnings and Kmart over customer 'faceprints'
The use of facial recognition technology by two retail giants is unethical, an advocacy group says.
Cost of living: Why we've given up our family car for bicycles
One family ditched their car in favour in cycling more than a year ago, and haven't looked back.
Businesses urge PM candidates to focus on growth and tax
CBI business lobby group calls for "credible and bold plans for growth" in a letter to candidates.
Twitter sues Elon Musk over $44bn purchase deal
The social media firm is trying to force Elon Musk to buy it after he walked away from the deal.
Network Rail puts fresh pay offer to unions
The rail track firm says the offer is worth more than 5%, but unions say it is a real terms pay cut.
Monday, July 11, 2022
Kingfisher tycoon Vijay Mallya sentenced to jail in India
India has made efforts to extradite the former billionaire, who is believed to still be in London.
The soaring costs stretching holidaymakers budgets
Brits heading abroad could face paying more for everything from car hire to meals out
No plans for windfall tax on electricity producers
Unlike a one-off tax on oil and gas firms, electricity generators will not be subject to the policy.
Bernie Ecclestone to be charged over alleged fraud
Ex-Formula 1 boss Bernie Ecclestone is to be charged with fraud following an investigation into assets believed to be worth more than £400m.
Uber Files: Tech firm lobbied top ministers at undeclared meetings
A documents leak reveals how the ride-hailing app courted senior Tories to help block new regulations.
Ukraine war: Germany fears Russia gas cut as supplies halted
Russian pipeline operators say maintenance work is needed, but Germany suspects political motives.
Henan: Violent clashes after hundreds show up for China bank protest
Clashes break out after depositors angry at banks freezing nearly $6bn in funds hold a rare protest.
Heathrow Airport warns more flight cancellations possible
The airport apologises for recent disruption but says it could still ask airlines to cut more flights.
Sunday, July 10, 2022
Macau lockdown: Gambling hub shuts casinos amid Covid outbreak
Macau city has recorded around 1,500 Covid cases since mid-June, official figures show.
Tax cut competition could turn ugly
An ageing society and a shrinking workforce could overshadow intended tax policies.
Birmingham airport flights delayed longest in 2021
But punctuality improved across all UK airports due to fewer flights caused by Covid restrictions.
Uber Files: Massive leak reveals how top politicians secretly helped Uber
Emmanuel Macron is among leaders who helped the ride-hailing company disrupt new markets.
Flights will be more expensive, says IATA's Willie Walsh
Soaring fuel costs will be reflected in airline ticket prices, Willie Walsh warns.
Tory leadership race: Rivals battle over tax cutting pledges
Tax has emerged as a key battleground in the race to replace Boris Johnson as prime minister.
Sajid Javid and Jeremy Hunt join Conservative Party leadership race
Contenders to replace Boris Johnson begin to set out their stalls - with many pledging lower taxes.
Friday, July 8, 2022
Elon Musk ends $44bn bid to buy Twitter
The Tesla chief says he is backing out of the deal, alleging multiple breaches of agreement.
The teenagers helping to save - not spend - their parents' money
As families are hit by rapidly rising prices, one group of teenagers is taking budgeting lessons home.
We're not blocking post-Brexit freedoms, says Bank
The Bank of England's insurance market regulator says it wants to free up money and protect savers.
Petrol pricing is cause for concern, warns watchdog
The UK's competition body will investigate why fuel prices are rising as well as local differences.
Thursday, July 7, 2022
UK government debt on unsustainable path unless taxes hiked, says OBR
Energy prices and an ageing population risk more pressure on the economy, a report warns.
Boeing boss warns over risk to 737 Max 10 future
The Max 10 is the latest and largest plane in Boeing's 737 family of jets, which has come under scrutiny.
Jet2 says airports ‘woefully ill-prepared’
The airline said holiday disruption across the airline industry was "inexcusable" .
Hopes that Heathrow BA strike will not go ahead
Unions representing about 700 staff at Heathrow Airport may be close to a new pay deal.
Manchester Airports Group posts £320m annual loss
Manchester, London Stansted and East Midlands passenger numbers are still down on pre-Covid levels.
House prices defy expectations to hit record
The average house price reached £294,845 in June but Halifax expects growth to slow.
Wednesday, July 6, 2022
Sri Lanka president asks Russia's Vladimir Putin for help to buy fuel
The country says it is close to running out of petrol amid its worst economic crisis since 1948.
Most only have £500 of savings says Lloyds boss
Charlie Nunn says many households have little buffer in their accounts for harder times ahead.
Bank of England vows to bring down inflation
The bank's chief economist says its focus is getting prices down and making life affordable again.
Tuesday, July 5, 2022
Twitter challenges India order to take down tweets
Twitter has petitioned a court challenging "several" orders to take down content on its platform.
Most only have £500 of savings says Lloyds boss
Charlie Nunn says many households have little buffer in their accounts for harder times ahead.
Two million workers free from National Insurance
Employees can now earn £12,570 a year before paying National Insurance tax, up from £9,880 a year.
Sainsbury's customers switching to own-brand products
Customer behaviour is changing with pressure on household budgets set to increase, supermarket says.
DHL investment plan to create 3,500 jobs
The plans are part of a £190m investment to create and expand depots.
Chinese property developers accept farm produce for homes
China's once-booming property market has been hit hard by the country's zero-Covid policies.
Monday, July 4, 2022
Sri Lanka: 'I can’t afford milk for my babies'
As fuel, food and medicines run out, Sri Lanka is on the brink of a humanitarian crisis, the UN warns.
Cost of living: Firms warned consumers want more than low prices
Companies must be transparent and flexible with customers facing budget pressures, an expert warns.
Hospices hit by rising costs and falling donations
Hospices across the UK are being squeezed by rising inflation, charities warn.
EasyJet chief operating officer resigns
Peter Bellew stands down after a period where the airline has come under pressure to reduce flight disruption.
Kellogg's loses court case over sugary cereal supermarket offers
It means products like Crunchy Nut Cornflakes will not be allowed in end of aisle promotions.
Prices in Turkey rise at fastest pace for 24 years
The country's inflation rate hits 78%, as prices continue to spiral further upwards due to the Ukraine war.
School dinners: Beef off the menu as costs rise
Menus have fewer options and some schools are switching to cheaper meat from abroad, caterers say.
Sunday, July 3, 2022
Sri Lanka energy minister warns petrol stocks about to run dry
The crisis-hit country's next shipment of petrol is not due to arrive until later this month.
Number of pubs falls by 7,000 in a decade
The number of pubs in England and Wales continues to decline, new research suggests.
Worse to come for food price rises, warns industry
Shop prices may not hit their peak until next year, says the The Food and Drink Federation.
Saturday, July 2, 2022
Argentina's finance minister makes sudden exit
Martin Guzmán's departure leaves a big question mark over Argentina's future economic policy.
Fighting for rights for workers undergoing fertility treatment
Proposed legislation would require employers to give staff time off work to attend fertility appointments.
The supermarket rows you don't usually hear about
The spat between Heinz and Tesco has shone a light on the challenges facing suppliers and retailers.
Flight cancellations aim to ease summer chaos
BA and Heathrow say the move will help minimise disruption for passengers during the peak season.
Friday, July 1, 2022
Missing Cryptoqueen: FBI adds Ruja Ignatova to top ten most wanted
Ruja Ignatova is accused of defrauding victims out of $4bn (£3.2bn) through a cryptocurrency scam.
Subscribe to:
Posts (Atom)