Wednesday, November 30, 2022
Ex-FTX boss Bankman-Fried: 'I didn't try to commit fraud'
In a wide-ranging interview with The New York Times, the former FTX chief says he has almost no money left.
Paying for the basics is pushing people into debt, charity says
Citizens Advice says homeowners and pensioners are among those increasingly seeking debt advice.
US signals shift to slower interest rate increases
Markets soared after the Federal Reserve signalled a shift in its inflation fight.
UK strikes digital trade deal with Ukraine
The agreement is expected to improve cooperation on cyber security, AI and new technologies.
EU tells Elon Musk 'huge work ahead' for Twitter
Twitter risks a ban if it is not in compliance with EU rules on targeted adverts and disinformation.
Transport secretary says North's railways have a real problem to solve
The transport secretary says he is "focused" on trying to improve services in the North of England.
Tuesday, November 29, 2022
Twitter ends Covid-misinformation policy, under Musk
The Twitter website says it stopped enforcing its misleading information policy on 23 November.
Train cancellations: 'Some days I spend more on travel than I earn’
One in every 26 trains has been cancelled this year, which on top of strikes are adding to passengers' woes.
Royal Mail postal workers begin fresh two-day strike
The action is the latest in a series of walkouts and will affect deliveries of letters and parcels.
Octopus takeover of Bulb challenged by rival firms
Octopus Energy's acquisition of collapsed energy firm Bulb could be delayed by a legal fight.
Onshore wind: Grant Shapps criticised for 'nonsense' claims
The business secretary says wind turbines are now "so big" they cannot be built on land.
Bird flu: Free range turkey supplies hit by bird flu
About 600,000 birds have been culled or have died in the UK's worst avian flu outbreak.
Monday, November 28, 2022
Plan to make big tech remove harmful content axed
Minister denies weakening the Online Safety Bill after dropping the "legal but harmful" material measures.
Energy bills: 'We cut back but our direct debits trebled'
Many households are seeing their energy bills going up despite the power they use going down.
Christmas savings clubs help spread the festive costs
How small businesses are using savings clubs to help customers spread the cost of Christmas
Musk feuds with Apple over Twitter advertising
Elon Musk has tweeted that Apple has largely stopped advertising on his platform.
Crypto firm BlockFi files for bankruptcy after FTX collapse
The collapse of FTX had already forced BlockFi to suspend most activity on its platform.
Emergency energy plan for Tuesday postponed
National Grid decides not to activate a scheme to help avoid power cuts after being poised to do so.
Balenciaga campaign: What did the fashion house do?
Kim Kardashian is pulled into a row over the fashion house's latest campaign after heavy backlash.
Sunday, November 27, 2022
US bans sale of Huawei, ZTE tech amid security fears
The restrictions on five Chinese companies are the first to be put in place on security grounds.
Thousands of apprentices quit over quality of schemes
Around 100,000 people are dropping out of schemes after firms fail to provide basic training, says a report.
Energy firms warned over hiking direct debits
The government says companies must match bills with customers who are cutting energy use.
Friday, November 25, 2022
Train strikes: Drivers to walk out in pay row
Passengers face further disruption with 11 rail companies being affected by the long-running dispute.
Jaguar Land Rover cuts output at UK factories due to chip shortage
The carmaker is reducing production at its factories in Solihull and Halewood until the spring.
When are the train strikes and what routes are affected?
More national rail strikes have been announced by the RMT union.
Thursday, November 24, 2022
Elon Musk says Twitter will offer 'amnesty' to suspended accounts
Several accounts - including Donald Trump's - have already been reinstated by the multi-billionaire.
Why Donald Trump isn't returning to Twitter (for now)
How the former US president might lose money if he starts tweeting.
The little-known nut that may save at-risk rainforests
Growing sales of an Indonesian nut called kenari is helping to reduce deforestation.
Kanye West: Adidas investigates after claims of 'toxic' behaviour
Rolling Stone has reported that staff have complained about West's "problematic behaviour".
Police to text 70,000 victims in UK's biggest anti-fraud operation
The website iSpoof, used by criminals to make fake calls, has been taken down.
Wednesday, November 23, 2022
Foxconn: iPhone maker apologises after huge protests at China plant
It comes after protests broke out at the world's largest iPhone factory over pay and work conditions.
How Qatar’s riches touch millions of UK lives
From how you heat your home to where you shop, the UK's links to Qatar may be part of your day-to-day life.
Holiday swindlers: The rise of digital travel scams
Social media is helping travel agents to impress clients, and sometimes to scam them.
Jeremy Hunt: Cut energy use to stop Putin 'blackmail'
People need to cut consumption to reduce the UK's reliance on Russia, the chancellor says.
Pound hits post-Truss high as dollar weakens
Sterling has reached its highest level against the US dollar since mid-August.
Tuesday, November 22, 2022
CEO Secrets: Seatfrog founders share their business advice
The founders of Seatfrog share their business advice for the CEO Secrets series.
Black Friday deals: Why bigger discounts may come next month
With too much inventory and a possible squeeze on demand, retailers may offer deeper price cuts in December.
'I wouldn't leave South Africa, I have a kid here'
South African software developers discuss what it means to them to do business in the country.
Next wave of cost-of-living payments to hit accounts
Millions of people will receive help with energy bills over the coming weeks and months.
Manchester United: Glazer family owners look to sell all or part of Premier League club
Manchester United's American owners say they will "explore strategic alternatives" for the club "including new investment, a sale, or other transactions".
FTX: Court says Sam Bankman-Fried ran FTX as a 'personal fiefdom'
FTX's collapse was described in court as "one of most abrupt and difficult" in corporate America.
More train strikes announced by rail union
The RMT says further strike action will take place across four 48-hour periods in December and January.
Monday, November 21, 2022
Penguin scraps $2.2bn deal to buy rival publisher
Last month, a US court blocked the planned deal, saying it could "substantially" weaken competition.
We must wean economy off immigration, Labour leader to warn businesses
Sir Keir Starmer will promise a "pragmatic" immigration policy in a speech to business leaders.
Are flying taxis getting closer to lift-off?
US air regulators said they would add flying taxis to the list of regulated aircraft.
Crypto rules needed after FTX collapse, says Bank of England
The UK could face a "crypto shock" without better regulations, says a senior official at the Bank.
Cost of living: 'We both work but we can't afford the family rent'
A nurse is facing eviction with her family, and they can't find a new home within budget.
Winter weather: Keeping costs down when it's cold
As energy bills rise and temperatures fall, there are extra payments available.
WhatsApp groups help get food to those who need it
Messaging apps have become a popular way to reach people who are struggling with the cost of food.
Sunday, November 20, 2022
Warning over 'cowboy' foam insulation firms
Homeowners should check carefully that companies are reputable before hiring them, says Nationwide.
Libraries at risk of cuts despite 'unprecedented' rise in users
Local libraries are seeing more people come through their doors, but fear services will be cut.
FTX crypto exchange owes biggest creditors $3.1bn
FTX owes about $1.45bn to its top 10 creditors, according to its US bankruptcy court filings.
Musk lifts Donald Trump's Twitter ban
The former US president's account is reinstated - but he says he sees no reason to return.
Jeremy Hunt has no plan for growth, says CBI boss
Tony Danker tells the BBC the Autumn Statement will tackle inflation but won't revive growth.
Theranos scandal: Who is Elizabeth Holmes and why was she on trial?
"She just seemed absolutely confident of her own brilliance," a Stanford professor remembers of the former student.
Saturday, November 19, 2022
Will you be allowed to watch the World Cup at work?
Bosses have to decide whether to get behind the controversial World Cup.
Friday, November 18, 2022
Banksy accuses clothing brand Guess of 'helping themselves' to his artworks
The graffiti artist called on shoplifters to visit a London branch of Guess in retaliation.
Higher taxes look to be here to stay, says IFS
The Institute for Fiscal Studies warns households are in for a "long, hard, unpleasant journey".
UK house prices forecast to fall for the next two years
A drop of 9% is expected between now and autumn of 2024, the government's official forecaster suggests.
World Cup 2022: Beer sales banned at World Cup stadiums in Qatar
Alcohol will not be sold at the World Cup's eight stadiums in Qatar after Fifa changes its policy two days before the start of the tournament.
Autumn Statement: Jeremy Hunt defends tax rises for middle earners
Jeremy Hunt says his plan is "balanced", after think tank says it piles more pressure on "squeezed middle".
Shop sales rise but remain below pre-pandemic levels
Sales rebounded in October after the previous month was affected by stores closing for the Queen's funeral.
Thursday, November 17, 2022
Autumn Statement: Jeremy Hunt warns of challenges as living standards plunge
The chancellor tells the BBC's Chris Mason times are difficult as he defends tax rises in his Autumn Statement.
Elon Musk: Twitter closes offices until next week
It comes amid reports that large numbers of staff have resigned from the social media platform.
Taxing electric cars 'short-sighted' say manufacturers
Extending the tax to include electric models is "short-sighted" says Ford.
Postal workers to strike on six more days in run-up to Christmas
Industrial action is scheduled for six days in December, including Christmas Eve.
'Digital newsletters really humanise you to your readers'
The young authors connecting with their followers via weekly digital updates.
Why smart thermostats don't always save you money
The makers of smart thermostats says the devices can cut energy bills but the evidence is not conclusive.
Wednesday, November 16, 2022
Ukraine war: Billionaire Andrew Forrest launches $25bn fund for reconstruction
Andrew Forrest's Ukraine Green Growth Initiative aims to replace destroyed infrastructure.
Taylor Swift Ticketmaster crash draws ire on Capitol Hill
A glitch caused by high demand for her concerts has triggered monopoly busters in Washington DC.
Autumn Statement: Jeremy Hunt to unveil spending cuts and tax rises
Pensions and benefits will rise with prices but energy support is expected to be scaled back, the BBC understands.
Chinese buyout of Newport microchip plant a 'security risk'
The UK government says Nexperia's takeover of Newport Wafer Fab creates national security risks.
What is behind the big tech companies' job cuts?
Thousands of redundancies have been announced by some of the largest firms in the industry.
Tuesday, November 15, 2022
Byjus, Meta, Twitter: India tech workers fight back amid mass layoffs
Many young Indians who've lost their jobs are looking for ways to air their frustration and build support.
Estee Lauder to buy designer brand Tom Ford
The cosmetics giant will purchase the designer fashion brand for £2.4bn.
Water customers may be owed £163m for sewage spills
Water companies have been discharging waste in to rivers, claim researchers of corporate wrongdoing.
Twirls substituted in some Heroes chocolate boxes
The chocolate is another casualty of supply chain disruptions blighting manufacturers.
No uniform choice for Virgin Atlantic crew on World Cup flight
The airline's gender-neutral uniform policy does not apply to staff flying the England team to Doha.
Made.com collapse: Nottingham auction house to sell off stock
It comes after the online furniture retailer collapsed, leading to hundreds of job losses.
Heinz, Dolmio and Anchor: Top food brands see prices soar
The price of some popular branded foods have as much as doubled in two years, Which? research suggests.
Monday, November 14, 2022
Cost of living: Japan economy unexpectedly shrinks after yen slide
People and businesses spent less than expected as the weak Japanese currency made imports more expensive.
Cost of living: Electric heaters may pose fire risks despite savings
The popularity of portable heaters to warm a single room has increased as energy bills have soared.
Amazon 'prepares mass job cuts' as sales slow - reports
The reductions could affect about 10,000 people at the e-commerce giant, reports suggested.
Cost of living: 'We've got to sell our family home due to mortgage rise'
A mother-of-three says she can't see any option than selling her house due to mortgage rates rising.
What do we know will be in the Autumn Statement?
Jeremy Hunt is expected to dismantle his predecessor Kwasi Kwarteng plans announced two months ago.
Rishi Sunak: We’ll deliver public finances markets expect
The PM says this week's autumn budget would "put our public finances on a sustainable trajectory".
Sunday, November 13, 2022
Cost of living: Expanded energy bill discount scheme under way
A bigger rebate under the Warm Home Discount begins but concerns remain some are missing out.
Why does the government want to cut spending?
The Autumn Statement will address the risk of a future “black hole” in the UK's finances.
KFC says a third of hires will be disadvantaged youth by 2030
The target for 2030 will help thousands of young people get their first job, the fast food chain says.
The repair Budget to defuse a financial timebomb
Chancellor Jeremy Hunt's key message this week will be about restoring stability and controlling price rises.
Jeremy Hunt: Everyone will have to pay more tax
The chancellor also tells the BBC he wants to make sure any recession is as short and shallow as possible.
The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried
How a crypto empire built on video game battles and beanbags came crashing down.
Autumn Statement: When is it and how will it affect me?
With the UK facing a cost-of-living crisis the government is set to unveil tax and spending plans.
Friday, November 11, 2022
'There really is more to life than posting on Instagram'
A small but growing number of people are giving up the likes of Facebook, Twitter and Instagram.
Twitter drama continues with blue-tick confusion
A number of executives have walked out after a turbulent launch of new Twitter features.
Heathrow Airport says no passenger limits over Christmas
The airport has been working with airlines and ground handlers to prepare for the busy period.
Thursday, November 10, 2022
Cost of living: Shares jump in US and Asia as inflation cools
Investors are betting the US central bank will slow the pace of rate rises as it tackles inflation.
Amazon: Robots spread but 'we still need humans'
Amazon's latest robot has the ability to pick up items before they are packed.c
Labour vows to lift ban on onshore wind
A Labour government would ease planning rules for new onshore wind farms, Sir Kier Starmer says.
KFC apologises after German Kristallnacht promotion
The fast-food chain urged German customers to commemorate the Nazi pogrom with cheesy chicken.
100,000 civil servants vote for strike action
The Public and Commercial Services Union is calling for a 10% pay rise and no cuts to redundancy terms.
Musk tells Twitter staff remote working will end
The boss of the social media firm also warns workers to prepare for "difficult times", reports say.
Wednesday, November 9, 2022
Elon Musk foreign ties worth being looked at, Joe Biden says
The US president was asked whether Saudi Arabia helping the Tesla boss to buy Twitter should be probed.
Economists question 'black hole' in UK finances
The government's justification for upcoming UK tax rises and spending cuts is shaky, economists say.
Christmas adverts toned down during cost of living crisis
John Lewis says the cost of living crisis was "front of mind" as it joins other big brands launching festive campaigns.
Binance walks away from FTX crypto exchange bailout
Binance will not pursue the deal for its smaller rival citing reports of 'mishandled customer funds'.
M&S warns of 'gathering storm' as profits fall
Profits fall sharply at the High Street giant as it struggles with higher energy bills and overheads.
Made.com goes bust with up to 500 jobs lost
The firm, which enjoyed soaring sales during Covid lockdowns, hit problems as households cut back.
Tuesday, November 8, 2022
Kids' Christmas toy pester-power limited by cost of living
Rising prices affect parents' shopping habits as sales of Christmas toys are forecast to be hit.
'One of the hottest start-up spaces in the US'
North Carolina is aiming to become a hub for start-ups to grow and do business.
Disney says streaming business at 'turning point'
The company has more than 235 million subscriptions across its three streaming platforms, including Disney+.
Egg farmers squeezed as costs rise
Some farmers have accused supermarkets of not paying them a fair price for their eggs.
Tesla recalls 40,000 cars over power-steering fault
The recall affects the 2017-21 Model S and Model X vehicles.
Primark owner says customers face difficult choices as costs rise
The firm's owner says the soaring cost of living is putting households under pressure.
Monday, November 7, 2022
Rail disruption: Many services to start late on Tuesday
First trains will run later on many lines - as Avanti West Coast says services are limited all day.
Ex-Made boss says offer to save company ‘rebuffed’
Former boss of furniture brand says his offer to rescue firm from administration was rejected.
Facebook owner Meta expected to announce major job losses
The company faces difficult economic conditions and is investing heavily in its metaverse push.
Do not end green energy grants, manufacturers urge MPs
Manufacturing firms urge MPs to match an EU scheme subsidising the cost of renewable energy systems.
Ten days of Twitter chaos
Elon Musk's first week-and-a-half at Twitter has been a rollercoaster of big changes.
Sunday, November 6, 2022
Apple: iPhone shipments delayed over China Covid lockdown
Firm warns customers to expect longer wait times for its new iPhone due China's Covid lockdown.
Ebay urges shoppers to pick old over new this Black Friday
This Black Friday the online marketplace is promoting used items to avoid unwanted spending and waste.
Made.com expected to go into administration this week
Around 500 staff are expected to lose their jobs after the online furniture store failed to find a buyer.
Rail passengers urged to check Monday travel
Most train companies will operate limited services on Monday despite strikes being called off.
Saturday, November 5, 2022
National Insurance: Will tax cut save me money?
The government's reversal of the 1.25p increase in National Insurance has come into effect.
Twitter confirms fee for blue-tick verification after Musk takeover
Controversially Twitter says blue-tick status will be open to those who pay a monthly $7.99.
Liberal Democrats: Give struggling homeowners £300 a month
People whose mortgage payments had risen more than 10% would get a grant, under the party's plan.
Cost of living: Pub halves beer and cider choice to survive
A landlord is pinning energy bills to walls to show regulars why the cost of their pint has gone up.
Jack Dorsey: Twitter co-founder breaks silence on Elon Musk takeover
The former CEO appeared to agree with the dismissals, saying he had grown the company "too quickly".
Twitter UK staff get deadline over cuts consultation
Hundreds affected by Twitter's worldwide job cuts have three days to elect a representative.
Friday, November 4, 2022
Twitter: Musk defends deep cuts to company's workforce
The site's new owner says he had "no choice" but to slash jobs - cuts which appear to affect 50% of staff.
Workers at Heathrow to strike in World Cup run-up
A union says 700 workers at the UK's biggest airport will walk out for three days from 18 November.
Money-off energy scheme launches to avoid blackouts
Households with smart meters could save up to £100 on bills if they cut peak-time use over winter.
Avanti West Coast: Rail boss apologises for recent disruption
Avanti West Coast and Transpennine Express have been criticised for reduced timetables and cancellations.
Thursday, November 3, 2022
Twitter to make job cuts after Elon Musk takeover
The social media giant says staff will be told on Friday whether they are to be laid off.
Sizewell new nuclear plant is under review
The £25bn nuclear project could be delayed or even axed as the government tries to cut spending.
Mortgages: What happens if I miss a payment?
Homeowners are worried about rising mortgage costs - but lenders must help those struggling.
Bank of England raises UK interest rate by most in 33 years
The Bank of England raises rate to 3% from 2.25% as it warns UK faces "very challenging" recession.
One in four have accents mocked at work - survey
Almost half of those surveyed have also faced jibes over their accents in a social setting.
Wednesday, November 2, 2022
TikTok says staff in China can access UK and EU user data
The Chinese social media giant said the policy is "based on a demonstrated need to do their job".
House prices: What happens when they fall?
How could rising interest rates affect the housing market around the UK?
Cost of living: The homebuyers anxious about their mortgages
Three people from Derby tell BBC News how they will be affected by the Bank of England base rate hike.
China Covid: Panic and fear drove iPhone factory breakout
Workers at the plant in Zhengzhou, China, thought they were going to be part of a huge Covid experiment.
US interest rates rise to fresh 14-year high
The Federal Reserve is steering borrowing costs higher at the fastest rate in decades.
Tuesday, November 1, 2022
Questions raised about AI weapons-scanning company
BBC News has seen evidence Evolv, which claims to have the "signatures" of all weapons, has limitations.
Four areas added to banking hubs waiting list
The shared premises serve customers from a range of banks but only two have opened so far.
Prison job advert banned for racial stereotyping
The photo of a black inmate and white officer was likely to cause serious offence, a watchdog found.
Elon Musk says £7 monthly fee for Twitter blue tick
Critics say the change could make it harder for people to find reliable sources on the social media site.
Bank makes history as it reverses ‘quantitative easing’
It is the first central bank to start unwinding the emergency support brought in after the 2008 financial crisis.
Morrisons to close 132 McColl's stores putting jobs at risk
Owner Morrisons says that closing the loss-making stores will put 1,300 jobs at risk.
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