Friday, September 30, 2022

Train strikes: What are the dates and where is affected?

Thousands of transport workers are striking in an ongoing row over pay, jobs and conditions.

Liz Truss admits disruption after tax cut pledges

The prime minister acknowledges that her economic plans will "involve disruption in the short term".

New growth figures suggest UK not in recession

Output grew in the second quarter of this year, data shows, contrary to the initial estimate of a contraction.

Thursday, September 29, 2022

Nike feels squeeze from strong dollar and discounts

The sportswear giant's shares fell by more than 9% in after-hours trading in New York.

King Charles: New coins featuring monarch's portrait unveiled

Centuries of tradition are followed as King Charles faces left - the opposite way to the Queen.

US points finger at Russia over gas pipeline sabotage

US Energy Secretary Jennifer Granholm tells the BBC its unlikely Nord Stream leaks are coincidence.

Cost of living: Energy bills set to rise but help cushions blow

A two-year government-set cap means price rises taking effect on Saturday are lower than initially expected.

Mini-budget: PM to meet head of OBR following market turmoil

Liz Truss and the chancellor will meet the OBR as a group of MPs call for its forecast to be released.

Wednesday, September 28, 2022

Energy bills: Householders urged to read meters before October price rise

The average annual household energy bill in the UK will rise from £1,971 to £2,500.

Thousands complain to HMRC about tax repayments

The number of people complaining to HMRC about companies claiming tax repayments on their behalf has tripled in two years, a BBC investigation finds.

Can my mortgage offer be withdrawn? And other questions

BBC News personal-finance correspondent Kevin Peachey answers your mortgage questions.

Rail strikes: Passengers urged not to travel during walkout

Network Rail say just one in 10 services will run and some areas will have no trains on Saturday.

Bank emergency move driven by pension fund fears

The huge tax cutting plans in Friday's mini-budget sparked unprecedented moves in financial markets.

Emergency Bank move will not solve the problem

This is a huge intervention that will buy the government time but not solve its problems.

Tuesday, September 27, 2022

Wall Street firms fined $1.8bn over staff messages

Barclays, UBS and Goldman Sachs were among the 16 firms named by regulators in the probe.

Cost of living: Margarine prices rise, but blueberries get cheaper

Food inflation soared to its highest rate on record in September, according to an index.

IMF sounds alarm on UK tax cut plans

The UK government proposals will work at "cross purposes" with the cost-of-living fight, the IMF says.

Royal Mail workers to hold 19 days of strike action

It will cover the Christmas build-up, including key shopping days Black Friday and Cyber Monday.

Irish budget: Finance minister unveils tax 'giveaways'

Paschal Donohoe says he is in a position to do so because the country has a large budget surplus.

Nord Stream: Mystery leaks in Russia gas pipelines spark warnings

The Nord Stream undersea gas network to Europe has sustained "unprecedented" damage in recent days.

Monday, September 26, 2022

Cost of living: Millions forced to turn to second jobs, report finds

More than five million people have taken on additional jobs, according to a report by Royal London.

Russia's gas pipeline leaking into Baltic Sea - Denmark

Denmark sets up a banned zone near the Bornholm island, where a Nord Stream 2 leak is reported.

Mortgage lenders halt some deals after pound falls

Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers.

Bank will 'not hesitate' to hike interest rates after pound's fall

The Bank of England will not hold an emergency meeting to set interest rates after the pound fell.

TikTok may be fined £27m for failing to protect children

The video-sharing platform has been issued with a final notice of intent by the UK's data watchdog.

Doncaster Sheffield Airport to close despite financial lifeline offer

Doncaster Sheffield Airport owner Peel says the wind-down will begin on 31 October.

Aldi boss: Shoppers are 'switching in their droves'

The discounter gains 1.5 million new customers in 12 weeks, says UK chief executive Giles Hurley.

Sunday, September 25, 2022

Labour rival Tories with industry plan for economic growth

The shadow chancellor will pledge to boost UK industry by investing in green energy and technology.

Pound slumps to all-time low against dollar

Sterling plunged by 4% in early Asia trade to the lowest level since decimalisation in 1971.

Electric car charging costs nearing petrol prices for some - RAC

The RAC suggests the soaring cost of charging an electric car could soon put people off buying them.

Keir Starmer: Labour would reverse cut to top income tax rate

Scrapping the 45% rate is the "wrong choice" during a cost-of living crisis, the Labour leader says.

Kwasi Kwarteng: I want to keep cutting taxes

Tax cuts will help to boost growth, says chancellor, as government also looks at relaxing immigration.

Saturday, September 24, 2022

Tax cuts: Kwasi Kwarteng's measures benefit richest, Labour says

The government is taking a dangerous gamble, Angela Rayner says, but ministers argue tax cuts will get the economy growing.

Friday, September 23, 2022

Goldman Sachs: Sexual assault claims revealed in pay bias suit

Goldman Sachs is accused of "boys' club" culture that discriminated against women.

'We'll be lucky to keep our heads above water'

The BBC talked to households and businesses to get their reactions to the mini-budget.

Pound sinks as markets react to mini-budget

UK stocks also fell after the chancellor outlined a series of tax cuts and economic measures.

Chancellor Kwasi Kwarteng hails 'new era' as he unveils tax cuts

Kwasi Kwarteng announces the biggest tax cuts since 1972 in a major change of economic policy.

Thursday, September 22, 2022

737 MAX: Boeing to pay $200m over charges it misled investors

US regulators said the firm and its former boss misled investors following two fatal crashes.

Bosses think workers do less from home, says Microsoft

A new survey from Microsoft suggests that workers and bosses disagree about productivity.

UK fracking ban lifted, government announces

Scientific review into fracking concludes there is still a limited understanding of impacts.

Wednesday, September 21, 2022

Sri Lanka: Inflation rate jumps to 70.2% in August

The South Asian nation is facing its worst economic crisis since independence from the UK in 1948.

Trumps inflated net worth by billions, says NY state lawsuit

Along with three of his children, the ex-president is accused of lying to "unjustly enrich himself".

Universal Credit rules to be tightened under chancellor's plans

Chancellor Kwasi Kwarteng is expected to announce a welfare shake-up to 'get Britain working again'.

Plan to lift fracking ban with review of seismic level

A report on the risk of fracking-linked earthquakes is due as ministers seek to boost energy supplies.

Ring doorbell inventor shares advice... about advice

Jamie Siminoff, inventor of the Ring wireless doorbell, shares his advice for the CEO Secrets series.

BT Group: Hundreds of 999 call handlers to join strikes

Emergency call centre staff will join 40,000 BT workers walking out in October, their union says.

Inflation pushes UK debt interest costs to August record

Government borrowing reached £11.8bn last month, the highest August figure since records began.

Covid: Reserve Bank of Australia takes $30bn hit on bond purchases

The Reserve Bank of Australia's deputy governor says the loss will not effect its normal operations.

Tuesday, September 20, 2022

Recession: Is the US heading into an 'ugly' downturn?

With stocks tanking and grocery bills high, many Americans feel like the economy is in a recession.

Business energy bills could be cut by a third under government plan

Jacob Rees-Mogg is expected to announce a cap on wholesale energy costs for business customers.

Cost of living: Students struggling with impact of soaring prices

One student tells the BBC of the isolating effect of running out of cash while studying at university.

Monday, September 19, 2022

Beyond Meat: Vegan food executive accused of biting man's nose

Beyond Meat's Douglas Ramsey reportedly got into a row after an American football match in Arkansas.

Reliance Industries: Daughter rises in Mukesh Ambani’s succession plan

Isha Ambani has been groomed to join the Reliance empire, unlike other women in her family.

After 'slow start', US companies embrace refugees

As the world's refugee crisis is pushed to the brink, some corporations finally start to respond.

Grand Theft Auto VI footage leaked after hack, developer Rockstar confirms

More than 90 images and videos were leaked from the franchise's next instalment, developer Rockstar confirms.

Off-gridders take energy needs into their own hands

Natural disasters have spurred some communities and homeowners to generate their own electricity.

Will Liz Truss's economic plans make us richer?

The chancellor will unveil tax cuts on Friday as part of a bid to boost the UK economy.

Queen's funeral: Mourners face severe rail delays to London and Windsor

No trains are running in or out of London Paddington as mourners descend on London and Windsor.

Sunday, September 18, 2022

Porsche IPO: Luxury car maker valued at up to $75bn in share sale

The stock market flotation is set to be Germany's second-largest ever initial public offering.

eBay bans sale of Queen lying-in-state wristbands

Different coloured bands which mark mourners' place in the queue were being offered as memorabilia.

Friday, September 16, 2022

Uber investigating hack on its computer systems

A hacker was apparently able to gain access to the company's internal systems.

French air traffic control strikes affect thousands of passengers

Hundreds of flights are cancelled on Friday, affecting tens of thousands of passengers.

Thursday, September 15, 2022

World Bank: Global rate hikes could trigger 2023 recession

The warning comes ahead of monetary policy meetings by the US Federal Reserve and Bank of England.

Michael Jordan's 'Last Dance' jersey fetches record $10.1m

It was reminiscent of a season where Jordan won his sixth and final NBA title with the Chicago Bulls.

Amazon workers in Coventry 'making history' with strike ballot

Staff at the Coventry warehouse are voting on whether to strike amid a row over a pay offer.

US mortgage rates hit 14-year high as inflation soars

For families hoping to buy a home, the moves compound affordability problems.

Supermarket petrol stations to be closed most of Monday

Tesco, Sainsbury's, Asda and Morrisons will shut forecourts before some reopen in the evening.

Tax-cutting mini Budget on Friday next week

Questions had been raised over when the "fiscal event" would take place after the death of the Queen.

Wednesday, September 14, 2022

South Korea 'cryptocrash' boss faces arrest warrant

Do Kwon is behind the Terra Luna and TerraUSD cryptocurrencies that plunged in value in May.

Patagonia: Billionaire boss of fashion retailer gives company away

Yvon Chouinard will give all of the fashion company's profits to a charity fighting climate change.

California says Amazon's dominance drives up online prices

America's most populous state sues the retail giant for alleged breaches of competition law.

Citi offers junior bankers sun with Malaga office

The US investment bank has opened a new office on the Costa del Sol to help recruit junior staff.

Queen Elizabeth II: First night trains for mourners set to depart

Night services will start on Wednesday after a busy day on London's trains and tubes.

Asda limits sales of Just Essentials budget range

The supermarket temporarily limits purchases in its Just Essentials range, blaming soaring demand.

Tuesday, September 13, 2022

UK inflation rate eases but still at 40-year high

The inflation rate has fallen slightly to 9.9% in the 12 months to August, the latest figures show.

Queen's favourite brands hope to keep Royal Warrants

When Queen Elizabeth II passed away, more than 600 Royal Warrants passed with her.

Twitter shareholders approve $44bn Musk deal

Twitter shareholders have approved a $44bn deal for the world's richest man to buy the company.

Backlash as Center Parcs to close for Queen's funeral

Holidaymakers have been told they must leave Center Parcs sites for a day or go home early.

Twitter misleading the public, whistleblower says

Twitter's former head of security Peiter Zatko has been giving evidence to US lawmakers.

Lower petrol prices help to slow US inflation

Inflation slips to 8.3%, but non-fuel costs continue to climb, putting pressure on the White House.

Monday, September 12, 2022

Financial giant Goldman Sachs set for thousands of layoffs

The global investment bank said in July it might slow hiring as the economic outlook worsens.

Should billboard advertising be banned?

Campaigners want to see the end of all outdoor advertising, calling it "sight pollution".

Mini Budget still planned for this month, No 10 says

A "fiscal event" to outline funding to tackle the cost-of-living crisis is still due to take place.

John Lewis and Homebase among shops closing for Queen's funeral

Supermarket chain Waitrose is also among the retailers who will shut on Monday 19 September.

Mourners set to create 'unprecedented' demand for travel in London

Transport bosses say they expect "unprecedented" numbers on railways and roads in London.

Domestic energy customers will hear soon about their tariff

Detail from the government show fixed rates will be discounted but could still be higher than others pay.

Discounts for cutting peak-time electricity use too low. energy firms say

Two UK energy firms say a plan to offer discounts on bills could fail if people are not offered more.

Tom Scholar: Former top civil servants hit out at Treasury boss sacking

Sir Tom Scholar's sacking compromises the civil service's independence, a former cabinet secretary says.

Japan could lift cap on foreign tourists to lift economy

Officials are concerned at the yen's slide to its lowest level against the US dollar in 24 years.

Sunday, September 11, 2022

Queen Elizabeth II: Trains to London likely to be 'extremely busy'

Train travel in the mourning period for the Queen is likely to be "extremely busy", the rail operator warns.

Friday, September 9, 2022

Energy price cap: Questions firms need answers to

Firms will get energy price support for six months, but they say many questions remain unanswered.

Smart motorways: Lack of hard shoulder contributed to death - coroner

Nargis Begum, from Sheffield, died after her car broke down on the M1 and was hit by another vehicle.

Bank of England delays interest rate decision after Queen's death

The UK's central bank postpones its meeting by a week "in light of the period of national mourning".

Energy firms will contact customers over bill cuts

Households will be told how the plan to reduce energy bills announced by Liz Truss will affect them.

Royal rebranding: What will happen to stamps, coins, banknotes and passports?

We're used to seeing Queen Elizabeth II's portrait and coat of arms in our change and on cereal boxes.

Thursday, September 8, 2022

Warning millions will still need extra help with energy bills

Government support with rising energy costs is welcome but may not be enough, say campaigners.

Some strike action cancelled after the Queen's death

Strike action by postal workers and RMT train staff has been cancelled following the death of the Queen.

Energy bills: 'The government help is no use to me'

Households and businesses remain nervous over rising energy costs as the PM announces new measures.

Eurozone interest rates in record rise to fight inflation

The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone.

What the new Liz Truss energy plan means for you

The government will borrow tens of billions of pounds to limit energy bill rises. What does it mean for you?

Energy bills to be capped at £2,500 for typical household

New Prime Minister Liz Truss unveils a multi-billion pound plan to limit energy bill rises from October.

Wednesday, September 7, 2022

Kim Kardashian adds private equity firm to her portfolio

Reality TV star is the latest celebrity to build on her billion dollar brand in private investments.

Liz Truss set to unveil plans to cut energy bills for millions

The government could borrow £100bn to cap the typical household energy bill at around £2,500 a year.

Royal Mail staff announce fresh strikes over pay

Further dates for walkouts are announced by staff in the Communication Workers Union.

Beavertown Brewery bought out by Heineken

London-based Beavertown has become the latest craft beer brewer to be taken over by a drinks giant.

Bills help could soften soaring cost of living, say economists

Plans by Liz Truss to cap energy bills may mean inflation peaks at 10.8%, Goldman Sachs has said.

Tuesday, September 6, 2022

US bars 'advanced tech' firms from building China factories for 10 years

The US has barred chip companies that get federal funding from building advanced facilities in China.

Warning that firms will fail without energy bill help

Tens of thousands of businesses could go under without government support, say insolvency experts.

Holiday Inn hit by cyber attack

The chain, run by Intercontinental Hotel Group, said their online services were facing disruptions.

Vaping: Juul to pay $438.5m in youth marketing probe

US prosecutors accuse the firm of "relentlessly" targeting underage buyers.

Who is Kwasi Kwarteng? New UK chancellor likes a challenge

The new UK Chancellor Kwasi Kwarteng is a past winner of University Challenge - and a key ally of Liz Truss.

National Lottery: Camelot drops legal challenge over licence transfer

The licence for the National Lottery will now pass to new operator Allwyn.

Firefighters and control room staff could strike over pay

Union leaders say the move follows a 2% pay offer which has not risen despite rising inflation.

Monday, September 5, 2022

Jetstar apologises to stranded passengers in Bali

Flight cancellations by Qantas' budget airline stranded thousands of passengers in Bali over the last week.

Instagram fined €405m over children's data privacy

The regulator found some children's business accounts had been set to public by default.

Government closes in on energy rescue plan

Energy suppliers will be able to take out state-backed loans to subsidise bills for consumers and some firms.

TransPennine: Under-pressure rail firm to run reduced timetable

Staff sickness and a backlog in training are blamed for cuts to TransPennine Express services.

New PM's energy bill options to include freeze plan

Energy industry sources tell the BBC they expect an overall freeze in bills to be announced this week.

Sunday, September 4, 2022

Workplace accidents: Inside India's 'factories of death'

Are the country's efforts to become an industrial powerhouse coming at the cost of workers' safety?

Bed Bath & Beyond finance chief falls to his death in NY

Police say Gustavo Arnal fell from a skyscraper as the retailer is struggling with sales and debt.

Cyrus Mistry: Billionaire former Tata chairman dies in car crash

The death of Cyrus Mistry is a big loss for the business world, the Indian prime minister says.

Calais: Ferry companies apologise for long waits

Travellers returning home from their summer breaks in Europe report lengthy queues at the French port.

It's fair to give wealthiest more money back - Truss

The Tory leadership hopeful says Tory policy on distribution of income has failed to grow the economy.

Friday, September 2, 2022

Bus fare cap: England charges to be held at £2 for three months

The measure will run from January to March and cost £60m, the government announces.

Firms will close this winter without help, warns business group

The British Chambers of Commerce calls for Covid-style support to be provided to businesses.

When is a bestseller not necessarily a bestseller?

When publishers pay to get on a shop's bestselling shelves or staff base rankings on sales forecasts.

Premier League spending tops £1.9bn

A remarkable summer transfer window closed on Thursday with a number of new spending records set - including the most expensive ever deadline day signing in Manchester United's £82m purchase of Anthony.

Thursday, September 1, 2022

Japanese yen slips to 24-year low against dollar

The US dollar hit a fresh high on strong employment data and the signal of higher interest rates.

Twitter gives in to user requests for edit button

It is testing the feature among staff and will roll it out in the coming weeks to Twitter Blue subscribers.

The people who wish they had an energy price cap

Thousands of families in homes with community heating are not protected by the energy price cap.

Microsoft Activision deal could lessen competition, UK watchdog finds

The $69bn takeover of the Call of Duty maker may now be investigated in-depth by a UK watchdog.

Pound slides as fears mount for UK economy

The British currency fell 5% against the dollar in August as recession looms.

House price growth at 10% a year despite squeeze on finances

Rising mortgage rates mean price growth is likely to ease, according to the Nationwide.

Russian oil chief Maganov dies in 'fall from hospital window'

The death of Lukoil boss Ravil Maganov is the latest mysterious death involving a Russian business figure.