Monday, July 31, 2023
Barbie movie: Warner Bros Japan sorry for replying to atom bomb memes
The Official Barbie Movie account is criticised for replying to images which made fun of atomic bombs.
Food price inflation slows to lowest level this year - BRC
But food prices are still 13.4% higher than last July and problems lie ahead, a trade body warns.
Affordable housing: 'Invisible' renters earning £30k not eligible
People with enough money to rent affordable housing are being told their incomes are too low.
Twitter accused of bullying anti-hate campaigners
A social media monitoring group says legal threats sent by X Corp are an attempt to "silence criticism".
The return of cargo-carrying sail ships
As concerns about climate change continue wind-powered shipping is making a comeback.
What is an oil and gas licence?
The government is offering energy firms North Sea permits but what do they allow them to do?
Renewables, nuclear and fossil fuels: The UK's changing energy mix
To meet climate change targets, more of the UK's energy needs to come from low-carbon sources.
Sunday, July 30, 2023
Italy joining China's Belt and Road Initiative was atrocious move, defence minister says
Defence Minister Guido Crosetto says the Belt and Road scheme has not benefitted his country.
Rishi Sunak to set out energy security plans in Scotland
The prime minister is expected to announce millions of pounds of funding for a carbon capture project.
Do you need a degree to work in tech?
Big tech firms like IBM are no longer asking for degrees when hiring staff.
Nigel Farage launches website over de-banking 'scandal'
It comes after two banking bosses quit over the row about the closure of Mr Farage's Coutts account.
Twitter restores Kanye West's account after ban
The US rapper was accused of violating the rules on the social media platform now known as X.
Saturday, July 29, 2023
HS2: Rail link rated 'unachievable' by infrastructure watchdog
The IPA gave the project a "red" warning, raising issues related to budgets and schedules.
WeChat: Why does Elon Musk want X to emulate China's everything-app?
Musk is an admirer of Chinese mega-app WeChat, which combines messaging, social media, finances, dating, and more.
Friday, July 28, 2023
British Airways owner IAG sees record profits as air travel recovers
Airline group IAG reports bumper profits helped by higher fares and a rebound in leisure travel.
NatWest profits soar to £3.6bn after week of resignations
The bank reports strong results after the exit of its chief executive and the boss of Coutts.
Thursday, July 27, 2023
Disabled flyers angry at airline 'double charging'
Many carriers do not follow official guidance on reduced prices for care assistants, the BBC finds.
Netflix touts $900k AI jobs amid Hollywood strikes
The job posting amid a strike partly driven by AI fears triggers an angry reaction from actors.
Tupperware: Why have the troubled firm's shares surged?
The 77-year-old company warned in April that it could go bust unless it quickly raised new financing.
Hollywood writers fear losing work to AI
US movie and TV writers have been on strike since May with artificial intelligence a core issue.
Wednesday, July 26, 2023
Barbie: Toy maker Mattel looks to more movies as sales fall
The comments come as Mattel reported a 12% fall in sales for the three months to the end of June.
Joe Lewis: UK tycoon bailed in US fraud case but can't use superyacht
A $300m bond for Tottenham Hotspur tycoon Joe Lewis is secured by his luxury boat and private jets.
Excitement over Threads fades but users return to app
Facebook founder Mark Zuckerberg expresses pride in the launch of his new social media app.
Fed raises interest rates to highest in 22 years
The US central bank has raised borrowing costs sharply as it tries to stabilise prices.
Rail ticket office mass closure consultation extended
The public now has until 1 September to respond to the plan to shut hundreds of rail ticket offices.
Dame Alison Rose: Why did the government get involved?
"De-banking" was on ministers' radar before the row that led to the downfall of Dame Alison Rose.
Tuesday, July 25, 2023
Child Trust Funds: Nearly a million accounts not accessed
MPs criticise HMRC over "failure" to keep young people informed about their Child Trust Funds maturing.
NatWest boss Dame Alison Rose to step down after row over Nigel Farage account
Dame Alison Rose is to resign after coming under pressure in row over Nigel Farage account.
Renting reforms needed now not later, say charities
A group of charities wants the government to speed up plans to overhaul private renting in England.
Travel recovery to boost global economy, says IMF
World economy expected to grow 3% this year but inflation and interest rates pose risk, says IMF.
Chancellor has concerns as NatWest boss Dame Alison Rose admits 'serious error'
Dame Alison Rose admitted a "serious error" in talking about Nigel Farage's relationship with its private banking arm Coutts.
Twitter headquarters left with half a sign as police interrupt
The microblogging firm pauses removal of its name at San Francisco HQ after changing its brand to X.
Petrol and diesel car ban immovable, says Michael Gove
The government is facing calls from senior Tories to ditch what they see as unpopular green policies.
Marmite maker Unilever's sales soar after hiking prices
The consumer goods giant reports growth based almost entirely on lifting its prices.
Monday, July 24, 2023
Reports of modern slavery double in UK care sector
A victim paid just £2 an hour describes her ordeal as investigators make the care industry a "top priority".
Worldcoin: Sam Altman launches eyeball scanning crypto coin
Thousands of people scan their irises on first official launch day of "dystopian" crypto project.
Spotify raises premium subscription price for millions
For the first time since 2011, Spotify confirms a price hike for about 200m ad-free subscribers.
UK venture capital firms failing to invest in women and minorities, say MPs
The venture capital industry comes under fire from MPs over lack of diversity in investments.
Will writing and 'quickie' divorces to be investigated
The UK's competition watchdog is to investigate unregulated legal services following consumer complaints.
Greece fires: What are holidaymakers' rights?
Some airlines are continuing to fly to the islands but can you cancel your flight and get a refund?
Sunday, July 23, 2023
Barbie breaks box office records in US
Barbie has the year's most successful opening weekend for a film in the US and Canada, making $155m.
Elon Musk: Time to say goodbye to Twitter logo
The Twitter owner says he wants to replace the logo with an "X".
Unilever will let Russia employees be conscripted
The Cornetto maker says it will comply with Russian law to permit staff to be conscripted.
Treasury to meet bank bosses over Farage row
Minister calls meeting with 19 banks over concerns accounts are closed due to political views.
Saturday, July 22, 2023
UK inflation and interest rates high - how do other economies compare?
UK inflation and interest rates are high but if you include growth, jobs and taxes its a mixed picture.
Merthyr Tydfil: Ffos-y-Fran mine accused of licence breach
Ffos-y-Fran produces two-thirds of the UK's coal and was supposed to close in September.
Friday, July 21, 2023
More children can use passport e-gates after UK rule change
The expansion of the service is expected to benefit over 400,000 children this year.
What does the scrapping of a wind farm plan mean for UK renewable energy?
Vattenfall stops work on the Norfolk Boreas offshore wind farm over soaring costs.
Why McDonald's dropped tomatoes from Indian menus
A kilo of tomatoes now costs more than a litre of petrol in the country. Here's why.
McDonald's sets up investigation unit after abuse claims
The fast-food chain's UK boss said allegations uncovered by the BBC are "shocking".
Government borrows less than expected in June
Public finances are boosted by tax receipts and lower interest payments but figures remain high.
Thursday, July 20, 2023
TSMC: Chip giant delays Arizona production in blow to Biden
Taiwan-based TSMC says semiconductors manufacturing at its Arizona plant will no longer begin in 2024.
AI will 'lead to more games being made and more jobs'
Games have been using forms of AI for years, but what does the industry think of the latest tech?
Brazil's Embraer plans to build electric flying taxi factory near Sao Paolo
Embraer says it will build electric aircraft with hopes they will take flight from 2026.
Alison Rose: The bank boss caught up in the Nigel Farage row
The NatWest Group chief executive in the eye of the storm over Nigel Farage's personal bank accounts.
Wednesday, July 19, 2023
Elon Musk: Tesla may cut prices again in 'turbulent times'
The company reported that its profit margins have been squeezed as it faces tough competition.
Ukraine war: Wheat prices soar after Russia warns shipping
Russia announces it will treat ships heading for Ukrainian ports as potential military targets.
Why inflation is falling but prices are still rising
We report this percentage every month but here are three things you may not know.
UK set to amend encrypted message scanning plans
Proposed new privacy safeguard for planned powers to scan encrypted messages for child abuse images.
Rents rise at fastest rate for eight years
Costs for tenants have jumped again but house prices grew more slowly in May, figures show.
Facebook-owner Meta exec Nick Clegg claims AI 'quite stupid'
Meta's president of global affairs Sir Nick Clegg has downplayed the risks of the current technology.
UK inflation falls to lowest level in more than a year
The rate of price rises in the UK fell to 7.9% in June, down from 8.7% the previous month.
Tuesday, July 18, 2023
Russia: Chechen agriculture minister to run seized Danone unit
Yakub Zakriev is a deputy prime minister and the agriculture minister of the Russian republic of Chechnya.
McDonald's: Fresh harassment claims surface after BBC probe
Dozens more former and current staff allege they faced bullying and harassment at the fast food chain.
Nigel Farage: Coutts document 'shows bank account shut over my views'
Nigel Farage says he obtained a copy of a report by the bank's wealth reputational risk committee.
Monday, July 17, 2023
Evergrande: Crisis-hit Chinese property giant reveals $81bn loss
The embattled Chinese property giant has reported its long overdue earnings for 2021 and 2022.
AI in dance music: What do DJs and producers think of it?
With software getting better and venues cutting budgets, could AI replace DJs and producers?
Burnt out or jobless - meet China's 'full-time children'
Gruelling work hours and a dismal job market are forcing young Chinese to make unusual choices.
Is the worst over for Sri Lanka's economic crisis?
A year after the start of the crisis, life looks normal in Colombo but is the country out of the woods?
Warning summer childcare nearly £1,000 per child
A British family will pay on average £943 for six weeks of holiday childcare for a school-age child, a charity has found.
Shell plans to demolish landmark former Aberdeen headquarters
The energy giant was based at the landmark Aberdeen site from 1973 but moved to the city centre.
Water firm lost £17m due to extreme weather
South East Water says it has lost about £17m in the year to the end of March due to extreme weather.
Sunday, July 16, 2023
Protecting UK jobs will be a challenge says new AI advisor
Ian Hogarth said it was inevitable that more jobs would become increasingly automated.
China youth unemployment hits high as recovery falters
The jobless rate of 16 to 24 year olds in urban areas rose to 21.3% last month, official figures show.
Carbon-free flights promised 'within two years'
A company is testing an aircraft engine that emits no CO2, and says it will be commercially available in 2025.
Russia seizes control of Danone and Carlsberg operations
Under a new order, the Danone and Carslberg units have been put in "temporary management" of the state.
Nigeria's so-called tax collectors: Menacing and mafia-like
The tax system is opaque - and abused, with politicians and private citizens lining their pockets.
Train strikes: When are they and why are they taking place?
Aslef train drivers are refusing to work overtime, while members of the RMT will walk out later this week.
Twitter loses nearly half ad revenue since Musk takeover
Elon Musk confirms the firm has a heavy debt load and income in June was not what had been expected.
Call of Duty battle over after Sony deal with Microsoft
Sony agrees deal with tech giant to keep franchise on PlayStation as Activision buyout moves step closer.
CPTPP trade deal will benefit UK if we use it, says Kemi Badenoch
The business secretary's comments come as she signs off a new deal with 11 Asia and Pacific nations.
Saturday, July 15, 2023
CPTPP: UK agrees to join Asia's trade club but what is it?
It may sound like an official has leant on their keyboard - but it's an acronym we'll hear more often.
Mortgage rates: Six reasons why the pain isn't as bad as it could be
Mortgage rates are at a 15-year high, but there are reasons why the pain may not be as bad as it could be.
Friday, July 14, 2023
Extra energy bill scheme was 'staggering failure', says MP
The scheme to help people who missed out on last winter's energy subsidy should be reopened, a senior MP says.
Renters stretched most by cost of living pressures
People who rent are finding it hardest to cover housing costs and may be spending less on food.
Shops asked to halt mafia-themed Scotch whisky orders
Regulators find that a Polish firm's "Cosa Nostra" Scotch whisky product "glamorises" firearms.
Gatwick Airport to he hit by eight days of strikes over summer holidays
Nearly a thousand workers are set to walk out for eights days in July and August in a row over pay.
SAG strike: Hollywood actors walk out over pay and AI worries
Some 160,000 performers stop work, bringing most US film and TV productions to a halt.
Thursday, July 13, 2023
Fresh boost for Microsoft's bid to buy Call of Duty maker
A US watchdog has lost its latest bid to temporarily stop the technology giant's $69bn Activision takeover.
AI trend drives rise in students wanting to study computing
A record number of 18-year-olds are picking computer-based courses, the university admissions body UCAS says.
The firms giving nature a stake in their businesses
Some companies are giving shares to environmental groups, or putting such advocates on their board.
ChatGPT owner in probe over risks around false answers
US regulators are asking the maker of ChatGPT about protections for privacy and reputational risk.
Mortgage rates: 'I have £50,000 but can't buy a house'
Young people say buying feels hopeless and feel penalised as renters unable to save.
UK economy hit by extra bank holiday in May
The economy shrank by 0.1% in May, partly down to the extra bank holiday for the King's Coronation.
Microsoft-Activision faces fresh blow to bid to buy Call of Duty maker
The Federal Trade Commission's request to block the Microsoft-Activision deal was rejected by a judge.
Wednesday, July 12, 2023
GST: New tax threatens India's booming online gaming industry
The industry says it has been blindsided by the government's "catastrophic" tax decision.
Thames Water: nationalisation is not the way forward says new chairman
The firm's new chairman pledges to improve performance while Ofwat warns of "deep-rooted" issues.
UK banks can withstand fresh crisis, key test finds
Bank of England says lenders are resilient but rising interest rates are weighing on homes and firms.
Tuesday, July 11, 2023
Organised shoplifting on the rise, says Waitrose
Supermarket reports a hike in cases, as MP says steal-to-order gangs are "operating with impunity".
India boss criticised for picking AI bot over humans
Suumit Shah, founder of an e-commerce website, said that his firm had laid off 90% of its support staff.
New Renault-Geely engine firm to have headquarters in UK
The deal between France's Renault and the Chinese maker of London taxis will support 19,000 jobs.
Threads: The BBC drama which affected a generation of viewers
Threads is a social media app for some and a nightmarish BBC movie from 1984 for others.
The mega-strike that could take down Hollywood
Actors prepare to join writers on the picket lines, shutting down TV and film productions.
Sunak: No decision yet on public sector pay rises
The prime minister says he would make the "responsible" decision to keep inflation under control.
Bank of America accused of opening credit cards without customer consent
Bank of America is ordered to pay $150m after an investigation by US regulators.
Record wage growth fuels fresh inflation fears
Regular pay excluding bonuses grew at an annual pace of 7.3%, equalling the highest growth rate.
Monday, July 10, 2023
China top threat to UK economic security - Dowden
The government intervened in eight takeovers of UK firms by Chinese buyers last year, figures show
Privacy activists slam EU-US pact on data sharing
The deal overcame objections about US intelligence agencies' level of access to European data.
Mortgage rates soar to cusp of mini-budget peak
Lenders will be questioned in front of MPs on Tuesday as homeowners face higher monthly payments.
Threads: Meta sets out planned new features
The firm has said the current app is an initial version and changes such as a new feed are planned.
Chancellor to unveil pension fund reform aimed at boosting growth
Jeremy Hunt will announce plans for industry and to grow the economy at Mansion House on Monday night.
Threads app signs up 100m users in less than a week
Meta's rival to Twitter has surpassed a record set by Open AI's ChatGPT app since its launch.
Long Covid forces Harpenden businessman into early retirement
Prolonged brain fog means Marcus Whitehead has had to retire early from his high-powered city job.
Thames Water investors agree to 750m injection
The water company, which is struggling under huge debts, is facing the threat of nationalisation.
Sunday, July 9, 2023
Prime: Top US senator calls for probe into KSI and Logan Paul energy drink
Chuck Schumer alleges the drink is being targeted at children despite its high caffeine content.
Hospitality sector 'anxious' over summer staffing
Some fear they will have to close or offer a reduced service when they should be at their busiest.
Has Janet Yellen's trip to Beijing improved US-China relations?
Polite communication has returned to US-China relations - but progress could easily be knocked back.
Minister refuses to commit to following pay board advice
Review bodies are advising the government on pay rises for public sector workers such as doctors.
Ofwat complacent over Thames Water affair - MP
A committee of MPs will quiz the watchdog on Wednesday over whether it has been "asleep at the wheel".
Twitter: The town clock that only chimes on social media
While it rings out on social media, the actual clock in town is stuck on one minute past nine.
Ford Fiesta fans on why they love their cars
As Ford announces the end of the Fiesta, keen fans sing its praises and mourn its loss.
Saturday, July 8, 2023
Families of Boeing 737 Max crash victims seek unlawful killing verdict
An inquest will be held for three UK passengers who died when a Boeing 737 Max airliner crashed in Ethiopia.
Friday, July 7, 2023
Southern Water bosses decline bonuses after sewage discharge anger
Bosses of Southern Water are refusing their bonuses amid anger over discharges into the sea.
House prices drop for third month in a row says Halifax
Halifax says figures for June show prices edged down by 0.1% as the market continues to cool.
Thursday, July 6, 2023
HS2: Government unclear on Euston station goal report finds
In March it was announced that work on the new Euston station would be paused for two years.
Japanese workers are finally seeing their pay jump
Wages in the world's third largest economy grew at the fastest pace in 28 years in May.
The US is the world's biggest corn exporter - but for how long?
The US could soon lose its title as the world's biggest exporter of the crop, which could have global consequences.
China must rethink its reliance on property sales to see real growth
The country's economy was expected to blast out of the blocks after Covid - but that hasn't happened.
Currys boss: Smart speaker sales have fallen off a cliff
Sales of appliances and electronics fall as customers struggle with cost of living, retailer says.
Cost of living: Governor of the Bank of England Andrew Bailey talks about inflation interest rates and how it impacts young people
Governor of the Bank of England, Andrew Bailey talks to Newsround about inflation, interest rates and their impact on young people - and what he's doing about it.
NatWest Lloyds Barclays and HSBC to be quizzed over savings rates concerns
The regulator will question the bosses of the major UK banks over worries rates on savings are too low.
Wednesday, July 5, 2023
Gary Neville admits error in 400m Manchester development
The £400m St Michael's scheme in Manchester city centre includes a five-star hotel and luxury flats.
Chinese owner of iconic MG car brand to build Europe plant
MG, which has roots dating back over a century, was made in the UK until production moved to China in 2016.
Canada stops advertising with Facebook and Instagram in news row
It's the latest move over a new bill that will force tech giants to pay Canadian media for news content.
Leicester City facing 880k fine for fixing replica kit prices
Regulators say the club's "anti-competitive" conduct may have led to fans paying higher prices.
Bank account closures probe must be fast tracked
Treasury urges action after Nigel Farage complains his account is being closed because he is a politician.
Thames Water: Customers will not pay more if firm collapses
The boss of regulator Ofwat says customers will not face higher bills due to Thames going bust.
Tuesday, July 4, 2023
US officials ordered to limit contact with social media firms
A judge bars officials from contacting platforms over "content containing protected free speech".
Music producer smashed his platinum discs - then rebuilt them
Record producer and label owner Sir Robin Millar talks about losing his sight and finding great music.
E2E encryption: Should big tech be able to read people's messages?
Who will win in the years-long stalemate between governments and big tech around super-secure messaging?
Phil Vickery: More restaurant cost rises are 'scary'
Former England captain Phil Vickery spoke as a survey paints a stark picture of the hospitality sector.
Monday, July 3, 2023
US court orders $146m penalty over 500000 missing silver coins
The weight and purity of American Silver Eagle coins are guaranteed by the US government.
China curbs exports of key computer chip materials
Washington and Beijing have been battling for influence over the semiconductor industry.
Facebook owner Meta to launch Twitter rival on Thursday
The move is the latest in a rivalry between Meta boss Mark Zuckerberg and Twitter owner Elon Musk.
Why Europe's 'lonely' tech entrepreneurs need help
A group of experienced European tech leaders hopes to mentor a new generation of entrepreneurs.
Why has Twitter restricted its own tweets?
Elon Musk has restricted the number of tweets you can see - a strange move for a social media company.
Sunday, July 2, 2023
New Zealand bans plastic bags for fresh produce in supermarkets
Supermarkets already ban take-home bags but now thin bags used for vegetables will be outlawed too.
India Twitter ruling sparks free speech debate
A court has fined Twitter $61,000 for not complying with a government order to take down tweets.
Elon Musk: Tesla delivers record number of cars after price cuts
The electric car maker has lowered prices of vehicles in countries including the US, UK and China.
Shipping faces showdown over greenhouse gasses
Global maritime industry faces a major decision on curbing carbon as pressure grows for a net-zero target.
Twitter temporarily restricts tweets users can see Elon Musk announces
Elon Musk says verified accounts can read up to 10,000 posts a day while unverified ones are limited to 1,000.
Water cremation: Co-op Funeralcare to be first UK company to offer resomation
The process, used in the US and Canada, will be available later this year through Co-op Funeralcare.
Big Thames Water investor backs turnaround plans
One of the UK's largest pension funds is the first investor to come out and support Thames Water.
Saturday, July 1, 2023
Rail disruption warning due to six-day train drivers' overtime ban
Passengers are being advised to check services before they travel over the next few days.
Shell still trading Russian gas despite pledge to stop
The firm is still shipping gas from Siberia despite its promise to withdraw from the Russian energy market.
Hundreds of jobs at risk at Boots site in Nottingham
Owner Fareva says the effects of political unrest and Covid has had a negative impact on business.
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