Wednesday, August 31, 2022
What will happen to energy bills and mortgages? Upcoming dates to be aware of
Dates to look out for over the next few months that might have an impact on your finances.
US chip makers hit by new China export rule
Nvidia says two of its top computing chips were affected by a "new license requirement" for exporting to China.
Ovo Energy boss proposes plan to stave off household bill crisis
Ovo Energy's boss has sent the government a 10-point plan to cut energy bills based on earnings.
Train drivers to strike again on 15 September
Thousands of drivers will walk out as part of an ongoing dispute over pay.
Co-op sells petrol stations to Asda in £600m deal
The company says the sale of its forecourts will help it balance its books and expand its chain.
Tuesday, August 30, 2022
Trump's Truth Social barred from Google Play
Google says Truth Social violates the company's policies on prohibiting incitement to violence
Royal Caribbean partners with SpaceX for faster internet
Royal Caribbean says it will use SpaceX's Starlink internet system for its entire fleet.
Royal Mail staff go on strike again over pay row
The strikes will disrupt delivery of packages and letters, and further strikes are planned for September.
Laybuy to share details of buy now, pay later debt
The buy now, pay later provide will share information with credit reference agency Experian.
Persil advert banned for misleading green claims
A advert for Persil laundry detergent has been banned for "unsubstantiated" eco claims.
Ryanair will grow even faster in recession, boss says
People will still fly during a downturn but they will choose low-fare airlines, Michael O'Leary says.
Monday, August 29, 2022
Cost of living: Chancellor Nadhim Zahawi visits US for talks
Labour has criticised Nadhim Zahawi's trip, calling it "another junket at the taxpayers' expense".
Mukesh Ambani: India tycoon launches $25bn 5G rollout plan
Mukesh Ambani says his firm is also working with Google to develop a budget 5G smartphone.
Pakistan floods: Disaster to cost more than $10bn, minister says
Unprecedented floods have killed more than 1,100 people and washed away roads, crops, homes and bridges.
Undeclared pools in France uncovered by AI technology
Millions in tax revenue has been collected after more than 20,000 undeclared pools were found.
UK looks to Sweden for a solution to nuclear waste
After decades of experimentation Sweden is ahead of the UK when dealing with nuclear waste.
Energy bill support plea from brewers and pubs
Pub and brewery bosses warn they risk closure this winter as they struggle to cope with soaring bills.
US shares fall on threat of interest rate rises
Federal Reserve chairman Jerome Powell warned of further interest rate rises to calm inflation.
Felixstowe port strike: Union warns of further action
An eight-day strike at the UK's busiest container port ends with no movement on a 7% pay offer.
Energy bills could break firms, warns ex-chancellor
Alistair Darling says the new prime minister must quickly take "bold action" to help with soaring costs.
EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and its decoupling from electricity.
Sunday, August 28, 2022
Asia stock markets slide on interest rate concerns
It comes after Jerome Powell, the head of the US Federal Reserve, warned of more hikes to come.
Store closures at lowest level for seven years
Betting shops and banks are in decline but the restaurant sector is growing, new data suggests.
UK's biggest unions propose co-ordinated strikes this autumn
The UK's largest unions, Unite and Unison, call for a joined-up approach as they fight for better pay deals.
Saturday, August 27, 2022
Solar panel sales boom as energy bills soar
More people are turning to renewable energy as a way to cut energy costs.
Friday, August 26, 2022
Energy bills: Middle earners will need help with rising prices too, says chancellor
Even people on incomes of £45,000 are likely to need help with rising energy prices, Nadhim Zahawi says.
Drop-off fees hiked at most busy airports - RAC
The motoring group says it appears airports are trying to recoup pandemic losses.
Jerome Powell: US stock markets down after interest rate warning
Federal Reserve chairman Jerome Powell says further interest rate hikes are likely in coming months.
Thursday, August 25, 2022
Flexible firms take break from fixed bank holidays
Letting staff choose when to take bank holidays boosts work-life balance and productivity, some firms say.
CEO Secrets: Mopping the floor and a lesson in feedback
Steve Vamos of accounting software firm Xero shares his business advice for the CEO Secrets series.
Direct sales: 'My dream job turned into a nightmare'
A BBC investigation reveals tough working conditions and the potential exploitation of young sales agents.
What to do with clothes you no longer wear
New services offer convenient tailoring and repurposing of clothes in a bid to make them last longer.
Can a sleepy Japanese town become Asia's Silicon Valley?
A school for tech entrepreneurs will open its doors in April 2023 in the Tokushima town of Kamiyama.
Kids told to wear extra layers to cut energy bills
One nursery is telling children to bundle up to keep heating down as firms call for state help.
Lidl to sell misshapen drought-affected vegetables
The supermarket says produce such as potatoes, onions and apples will "look and feel different".
Wednesday, August 24, 2022
Trade agreement: Why India made a U-turn on free trade deals
After years of reluctance, Delhi is signing several free trade deals. But will it help local businesses?
Covid: Qantas and Air NZ say worst of pandemic impact is over
The national carriers of Australia and New Zealand posted annual losses for the third year in a row.
What will happen to energy bills and mortgages? Upcoming dates to be aware of
Dates to look out for over the next few months that might have an impact on your finances.
Would industry plan to slash energy bills work?
Energy suppliers are in agreement about a potential plan to cap energy bills, but doubts remain.
British Gas to donate 10% of profits to help cut bills
Britain's biggest energy supplier will offer more grants for those in need, amid rising prices.
India tycoon Adani in hostile bid for news channel NDTV
Gautam Adani's move has drawn attention because he is seen as being close to PM Modi.
Minimum wage should rise to £15 for all workers, says TUC
A higher rate should be paid to all workers, including under-23s, the Trades Union Congress says
Just Stop Oil protests: Activists arrested over M25 services damage
Petrol pumps are out of action after activists glued themselves to forecourts and damaged pumps.
Tuesday, August 23, 2022
Eurotunnel Le Shuttle: Passengers stuck for hours inside tunnel
"Several people were freaking out," said one traveller, after a Calais to Folkestone train was evacuated.
India tycoon Adani in hostile bid for news channel NDTV
Gautam Adani's move has drawn attention because he is seen as being close to PM Modi.
Inflation: Who is benefitting from soaring prices?
Many households are feeling the pinch of higher prices, but which sectors are benefitting from them?
Three million households waiting for £150 energy rebate
Councils were expected to start making the payments from April but have until 30 September to do so.
Twitter whistleblower questions firm's bot count
Ex-security chief appears to echo claims by Elon Musk over the number of fake accounts on its site.
Monday, August 22, 2022
PwC sued by worker over 'pub golf' head injury
An auditor at one of the UK's largest accountancy firms claims a drinking game left him injured.
Felixstowe: Strike continues at UK's biggest container port
A second day of strike action is under way at the Port of Felixstowe as workers want increased pay offer.
Iconic Shanghai sights go dark as drought hits power supply
Power cuts elsewhere in China have also hit major manufacturers of cars and smartphones.
Tory leadership: Sunak attacks Truss plans in last push for votes
The ex-chancellor says his rival cannot afford direct help to households as well as tax cuts.
China mortgage rate cut as property crisis deepens
The country's central bank lowered the five-year lending rate by 1.5 percentage points on Monday.
Sunday, August 21, 2022
Port of Felixstowe strike will cost us a stack of money - haulier
Companies talk of how they expect the eight-day strike at the Port of Felixstowe to affect them.
Do new school uniform rules save parents money?
Schools now have to take unnecessary logos off uniforms, but so far not all parents are benefitting.
Plans to cut energy bills if peak-time use avoided
How homes can get discounts if they use less electricity at peak times are close to being announced.
Saturday, August 20, 2022
Felixstowe: Strike set to begin at UK's biggest container port
Workers at Felixstowe, which handles half the country's container cargo, will walk out for eight days.
Over-50s turn to house-shares to beat rising rents
One flat-sharing website says it has seen a 239% increase in older people seeking shared accommodation.
Is there a green solution to the vinyl record backlog?
Green Vinyl Records is taking the vinyl out of vinyl to offer more environmentally-friendly LPs.
Friday, August 19, 2022
P&O Ferries won't face criminal action over mass sacking of staff
The Insolvency Service said there was no likely prospect of conviction, but a civil investigation is ongoing.
Rail strikes: Only 20% of rail services expected to run
The sixth one-day strike of the summer will see football fans and festival-goers make other travel plans.
Cost-of-renting: Young, struggling and short of cash
We hear from young people finding it hard to afford their rent, as well as a landlord facing rising costs.
Buy now, pay later: Warning over influencers' adverts on social media
Financial regulator says some adverts posted by influencers fail to highlight risks of borrowing.
Consumer confidence hits record low as prices soar
Shoppers concerns come in the face of "soaring cost-of-living and bleak economic prospects", says research.
Thursday, August 18, 2022
Growing share of under-30s pay unaffordable rent
The proportion of under-30s spending a third of their pay on rent is at a five-year high, data suggests.
Why more people are working from home on Fridays
While there are benefits to ending the week at home, Friday after work drinks could be fizzling out.
Experts warn no easy answers to how safe self-driving cars should be
A government expert body advising on the ethics of driverless cars warns of many tricky problems.
Starbucks ordered to reinstate fired Memphis staff
The decision comes amid a tense fight between Starbucks and labour organisers.
Wednesday, August 17, 2022
US and Taiwan announce formal bilateral trade talks
The talks come weeks after a controversial visit to Taiwan by US House Speaker Nancy Pelosi.
Japan urges its young people to drink more to boost economy
The government's tax agency has launched a programme to encourage a new generation of sake drinkers.
Drought: Why we need to get used to wonky vegetables
Our produce is likely to be smaller, odd-looking, or even leathery after the hot, dry weather.
Train strikes cause more disruption for passengers
Only 20% of services are running and some places have no trains at all, as workers walk out.
Tory leadership race: Tax cut pledges are unrealistic, says IFS
Slashing taxes would add to pressures on public finances unless spending is also cut, the IFS warns.
Cash use set to survive pandemic slump
Although cards remain a far more popular way to pay, cash is a preferred option for many, a report says.
Ofgem director Christine Farnish resigns over price cap change
A director of the UK's energy watchdog quits over the way the energy price cap will be set.
UK inflation hits 10.1% as cost of living soars
Rising living costs are eating into household budgets, with prices accelerating faster than wages.
UK inflation: How much are prices rising for you?
Use our calculator to find out how much the cost of living is going up in your household.
Tuesday, August 16, 2022
Economic slowdown: China urges push to boost sluggish economy
Premiere Li Keqiang called for a 'sense of urgency' to reverse a zero-Covid led slump.
Young watch almost seven times less TV than over-65s - Ofcom
The average 16 to 24-year-old watches TV for 53 minutes a day compared with nearly six hours for over-65s.
Backing for Adam Neumann's new firm prompts outrage
Adam Neumann's financial backers say he's a "visionary leader" but others have doubts over his latest plans.
Inflation: Why price rises may feel even worse than they are
Your own personal inflation rate could be higher than official figures suggest.
UK to receive shipment of Australian gas next week
As Europe looks for alternatives to Russian energy, the UK is set to get an LNG delivery from Australia.
UK wages hit by soaring inflation
Regular pay between April and June fell 3% on the year when taking into account inflation.
Monday, August 15, 2022
Chinese internet giants hand algorithm data to government
Alibaba and Tiktok-owner ByteDance are among firms that have shared information with regulators.
Blackmore Bond collapse: FCA failed to act before people lost life savings
BBC Panorama reveals evidence suggesting the FCA could have acted earlier before a fund collapsed.
Shanghai Covid: Ikea shoppers flee attempt to lock down store
Video shows people running out of the store in Xuhui district as guards tried to shut them in.
UK to cut taxes on imports from developing countries
The scheme means products such as clothes, shoes and foods will benefit from lower or zero tariffs.
Cost of living: Government to simplify broadband access
The government says new system will give those receiving benefits better access to cheaper broadband.
Not just hardest up that need bill help - Sir Keir Starmer
The Labour leader tells the BBC his proposal to freeze energy prices for all is a good use of public money.
Sunday, August 14, 2022
Russia reopens bond market to non-hostile investors
The Moscow Exchange sealed off its markets in February when the country invaded Ukraine.
The tech aiming to prevent lost airline luggage
With millions of bags and suitcases going missing this summer, technology may offer the solution.
Nursery closures: Parents left without childcare as providers shut
A campaign group says it has been "inundated" with messages about nurseries going out of business suddenly.
Rail fares in England to rise below inflation rate, ministers say
The increase will also begin in March, rather than January, the government says.
Reduced Avanti West Coast timetable in place due to staff shortages
Operator Avanti West Coast says it is being introduced "to ensure a reliable service".
Cost of living: Keir Starmer set to call for energy price cap freeze
The Labour leader will set out his plan on Monday - with no detail yet on how the freeze would be funded.
Saudi Aramco: Oil giant tops own record with $48.4bn quarterly profit
The staggering profit comes amid soaring oil prices in the aftermath of Russia's invasion of Ukraine.
Friday, August 12, 2022
Train strikes: Passengers warned of more disruption as drivers walk out
Some rail operators will run no services at all, as 6,500 train drivers walk out in a dispute over pay.
Meditation app Calm axes 20% of workforce
Boss Daniel Ko said the decision was "especially difficult for a company like ours".
UK economy shrinks between April and June
The economy shrank by 0.1% while the Queen's Platinum Jubilee bank holiday weighed on June growth.
Thursday, August 11, 2022
Government proposes more help for energy-intensive firms
Sectors like steel, paper and glass that use a lot of power could be set to receive more support.
Liz Truss defends energy firms saying profit is not evil
The Tory leader hopeful says profit is not "dirty" and windfall taxes were about "bashing business".
Argentina rate hiked to 69.5% as inflation hits 20-year high
The move comes as figures showed inflation in South America's second largest economy hit a 20-year high.
J&J to replace talc-based powder with cornstarch after cancer lawsuits
By 2023 J&J will make all its baby powder using cornstarch following legal battles over talc's safety.
Lee Jae-yong: Why did South Korea pardon the Samsung 'prince'?
Lee Jae-yong, who was convicted for bribery and embezzlement, has been granted a presidential pardon.
McDonald's plans to reopen in Kyiv and western Ukraine
The burger chain says it hopes to support a "small but important sense of normalcy".
Bogus companies scam: 'We never knew our home was on the list'
Thousands of UK home addresses have been used by crime gangs to register bogus firms, the BBC finds.
Wednesday, August 10, 2022
Meta's chatbot says the company 'exploits people'
The new prototype doesn't think much of the company's CEO, Mark Zuckerberg, either.
Ryanair boss O'Leary says the era of €10 flights is over
Flights will be more expensive because war in Ukraine has pushed up oil prices, Michael O'Leary tells the BBC.
The Russian billionaire daring to speak out about Putin
Boris Mints calls Putin's invasion of Ukraine "vile", adding the war is a result of his "madness".
Heatwave: When is it too hot to work?
With much of the UK enduring another period of hot weather, some workers will face very high temperatures.
Disney plans ad-funded streaming and overtakes Netflix
The media giant is gaining subscribers as it details plans to launch an ad-supported service in December.
Port Talbot: Tata Steel faces crunch-time, professor warns
There are fears the Port Talbot site may shut if a deal to help cut carbon emissions is not struck.
'I'm borrowing £5,000 to pay my energy bills'
Many people are getting desperate as spiralling energy bills start to bite.
Tuesday, August 9, 2022
Multi-billionaire Elon Musk sells another $6.9bn of Tesla shares
The multi-billionaire says he needs the money in case he is forced to buy Twitter for $44bn.
Fast food giant Domino's pulls out of the birthplace of pizza
The fast food giant's pandemic-related exit from Italy was celebrated by some social media users.
Ministers to meet energy giants over cost of living
Nadhim Zahawi and Kwasi Kwarteng will speak to bosses of gas and electricity firms to discuss rising costs.
Households already in debt as energy bills rise
Six million UK households owe over £200 to energy suppliers, according to a survey.
China property crisis: Why homeowners stopped paying their mortgages
The country's property sector is struggling with a cash crunch, forcing buyers to take extreme steps.
Restore Avanti rail services or end contract, leaders tell government
Drastically reduced rail services between Manchester and London are "unacceptable", say city mayors.
Cost of living: The people using OnlyFans as a second job to help with bills
A campaign group says more young people are joining the site because of the rising cost of living.
Monday, August 8, 2022
John Lewis boss: I've never seen the economy like this
Dame Sharon White says worker shortages will fuel inflation further with more people retiring early.
Supermarket food could soon carry eco-labels - study
Scientists hope that a scoring system will lead manufacturers to compete over sustainability.
Boris Johnson rules out immediate cost-of-living measures
It comes as business boss Tony Danker warns the UK cannot "afford a summer of government inactivity".
Olive oil prices to rise as heatwave hits production
Prices in supermarkets could increase by 20-25% later this year, one leading exporter tells the BBC.
China housing crisis: The people living in unfinished apartments
China’s massive economy is being threatened by a crisis in the real estate market. As developers spiral into debt, some people have decided to move into unfinished apartments.
Qantas asks executives to work as baggage handlers for three months
The airline's head of operations has asked for 100 volunteers to fill the roles for three months.
Sunday, August 7, 2022
Jaguar Land Rover owner Tata Motors to buy Ford car plant in India
The American motor industry giant announced last year that it would close its Indian car factories.
JetBlue Airline boss over-hiring to beat staff exodus
Low-fare carrier JetBlue said it is a necessary policy when recruiting, as the industry re-starts.
Cost of living: People turning back to cash as prices rise
Post Offices handled a record £801m in personal cash withdrawals in July.
The lockdown side-hustles that turned into full-time businesses
The pandemic turned some people into savvy entrepreneurs but how many have ditched their day job?
Climate change: Tears of joy as US bill clears Senate hurdle
The plans - which aim to reduce US carbon emissions by 40% by 2030 - still needs House approval.
Saturday, August 6, 2022
Liz Truss will seek to bring in National Insurance cut immediately
The Tory leadership contender's team believe the move could happen within days if she became PM.
Energy bills: What do I do if I can't pay?
Charities warn against not paying for energy bills as a campaign to refuse to pay builds.
Is there anything green about plastic grass?
More people are swapping real lawns for fake but experts are worried about its environmental impact.
Port Talbot: Tata Steel faces crunch-time, professor warns
There are fears the Port Talbot site may shut if a deal to help cut carbon emissions is not struck.
Friday, August 5, 2022
Cost of living: Over a third cut back on essentials
More than a third of Britons are cutting back on food to cope with higher costs, a new report has shown.
Bank's recession warning matters to everyone
Times are already hard but the Bank of England says they'll get worse and stay that way until late 2023
Felixstowe: Workers at key UK port to strike for eight days
Around 1,900 staff at Britain's largest container port will walk-out in a dispute over pay.
How will a recession hit the UK housing market?
The UK economy is forecast to shrink this year but what will it mean for first-time home buyers?
US jobs growth jumps in July despite slowdown fears
Firms added far more jobs than expected last month as interest rates rise to tackle inflation.
Bank of England governor defends rate hike to stop lasting price rises
Bank of England governor Andrew Bailey defends decision to raise interest rates by the most in 27 years.
Thursday, August 4, 2022
Evergrande gets $818m as football stadium land deal cancelled
The announcement comes as the heavily-indebted Chinese property firm tries to raise cash to repay debt.
UK hiring slowing down as recession looms
The recruitment blitz that followed the pandemic is cooling, according to a jobs report.
Shell staff get profits bonus as energy bills soar
The oil giant is to give its staff a bonus as households are being hit by soaring energy bills.
Wednesday, August 3, 2022
AMTD Digital: How a small Hong Kong firm's shares soared
The meteoric rise of AMTD Digital's shares has been likened to the so-called "meme stock" phenomenon.
Booking.com scam: Tourists descend on north London private home
A woman says she feels vulnerable after dozens of tourists arrived at her private home throughout July.
Interest rates: What are they and how high could they go?
The Bank of England will announce its latest decision on interest rates at midday.
'If interest rates go up I'll owe an extra £250 a month on my loans'
Four people anticipating a change in their circumstances ahead of the expected rise in interest rates.
Bain consultancy banned from government work over 'misconduct'
The management consultancy cannot work for the UK government for three years over 'misconduct' in South Africa.
Oil producers to raise output but at slower pace
Opec+ members will pump an extra 100,000 barrels a day in September, an amount some say is "meaningless".
Robinhood cuts nearly a quarter of staff as crypto dives
The trading platform, which is popular with amateur investors, reported a large drop in revenues.
Tuesday, August 2, 2022
Dating app Tinder swipes left on chief executive
Renate Nyborg's exit is part of a major shake-up of the dating app's management and strategy.
Stephen King testifies against merger of publishing giants
The cult author said claims the tie-up would not hinder competition were "a little bit ridiculous".
£400 energy payment: Fears renters with bills included will miss out
Where a tenant's bills are included in their rent the energy rebate will be paid to their landlord.
Cost of filling a tank falls by £5 in July
But the RAC motoring group warned major retailers should be cutting pump prices further.
Football fans warned to beware of fake ticket scams
The return of the Premier League could see fraudsters trick devoted fans out of hundreds of pounds.
House prices climb 11% despite cost of living squeeze
But the Nationwide says there are signs of a slowdown and interest rate rises could cool the market.
BP reports huge profits as energy bills soar
The firm reported profits of $8.45bn in the second quarter of the year as oil and gas prices jumped.
Monday, August 1, 2022
Cost of living: Energy bills forecast to hit £3,615 a year
Many families are already facing soaring costs, with UK inflation at the highest in 40 years.
Ambani and Adani: Asia's richest men battle to dominate 5G in India
Mukesh Ambani and Gautam Adani are set to compete in the world's second-largest internet market.
What could Saudi Arabia and UAE do to help lower oil prices?
The world's biggest oil producers remain reluctant to turn on the taps.
BA suspends sales of short-haul tickets from Heathrow
The airline suspends sales for a week in response to the airport's cap on passenger numbers.
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