Tuesday, October 31, 2023

CEO Secrets: ‘Pumpkins saved my business but almost squashed me’

Kim Innes founded Humble Crumble, a crumble bakery that’s sold more than half a million sweet treats.

Monday, October 30, 2023

Would you drink genetically modified beer?

A growing number of US brewers are now using GM yeast to make their beers.

World Bank warns oil prices could reach $150 a barrel

A prolonged conflict in the Middle East would lead to much higher energy prices, the global institution predicts

Sunday, October 29, 2023

Court gives Evergrande one last chance to agree debt deal

A judge said the company faces being wound up if it does not come up with a plan by 4 December.

Petrol retailers should cut price by 5p a litre, RAC says

The motoring body says major fuel retailers should reduce prices to reflect lower wholesale costs.

Leasehold law will be in King's Speech, says housing minister

Rachel MacLean says the bill would restore "true homeownership" but Labour says it is "thin gruel".

Fewer trains to run from London to Manchester

Avanti is to run a reduced service between London to Manchester on Saturdays until the end of the year.

Sale of NHS data up to government, says tech boss

The head of Palantir, which is in the running for an NHS contract, says it would not have access to data.

UAW strike: Stellantis and union agree pay rise in tentative deal

Stellantis becomes the second US car giant to strike a tentative deal with the United Auto Workers union.

Thursday, October 26, 2023

China economic reformer Li Keqiang dies at 68

Li Keqiang, once the second most powerful man in China, suffered a sudden heart attack, state media said.

After a year of Elon Musk, what's next for X?

How the billionaire's purchase of Twitter has changed the platform and what the future may hold.

How does China fix the Evergrande mess?

The heavily indebted company has become the poster child of the country's flailing property sector.

Wednesday, October 25, 2023

Student maintenance loans almost entirely used up by rent, report warns

The average cost of university accommodation in England is almost level with the average maintenance loan.

AI could worsen cyber-threats, report warns

By 2025 AI could increase cyber-attack risk, and help plan physical attacks, report warns.

Barbie movie reverses Mattel's toy sales slump

Toymaker Mattel reports a jump Barbie sales after the success of this summer's Barbie film.

Watchdog: Ex-NatWest boss breached Nigel Farage's privacy

Former Natwest boss Alison Rose should not have shared information on Nigel Farage, watchdog says.

Tuesday, October 24, 2023

US orders immediate halt to some AI chip exports to China, Nvidia says

The new export rules were due to start in November, but Nvidia says the US sped up their introduction.

Rural buses: Councils opt for 'on-demand' services in face of cuts

Councils said they could not offer a like-for-like replacement for commercial services that have faced cuts.

Big banks linked to products with pangolin parts

The companies include UK multinationals such as HSBC, Prudential, and Legal & General.

Job figures show signs of labour market weakening

Unemployment rose marginally in the three months to August, official figures show.

Monday, October 23, 2023

World shift to clean energy is unstoppable, IEA report says

The world is shifting rapidly to clean energy but still investing too much in fossil fuels, the IEA says.

Short selling: Don’t be the 'Dumb Money'

Short selling can be risky, but more and more amateur investors are taking it up.

Workers on voluntary Real Living Wage see 10% pay rise

The increase in the voluntary pay scheme will benefit more than 460,000 UK workers.

Tax cuts will be considered if inflation falls, cabinet minister says

Robert Jenrick says PM Rishi Sunak has the "right priorities" despite his party's by-election losses.

Sunday, October 22, 2023

Does the paper industry need to cut its water usage?

Firms in the sector are using new technologies to reduce the amount of water they require.

Foxconn: iPhone-maker investigated by Chinese authorities

Chinese state media reports some of the Taiwan-based firm's mainland operations are being investigated.

Autumn statement: Government considers help for first-time buyers

The Treasury is understood to be considering extending a low deposit mortgage scheme for a year.

Saturday, October 21, 2023

'My business had £1.6m stolen in 20 minutes'

An employee at Steve Wright's firm was tricked into giving thieves access to the company account.

Friday, October 20, 2023

Moody's boosts view of UK after mini-Budget chaos

Ratings agency says "predictability has been restored" following last year's mini-Budget.

Government borrows less than expected in September

Public borrowing was £14.3bn last month, lower than most economists had anticipated.

Thursday, October 19, 2023

Is AI about to transform the legal profession?

Law firms are increasingly using artificial intelligence systems, but it comes with risks.

Amazon launches humanoid robots to 'free up' staff

The US tech giant is looking at ways it can automate more of its operations.

Wednesday, October 18, 2023

BYD: The top electric car maker that is not Tesla

Chinese auto giant BYD is now ahead of Tesla in quarterly production - and second to it in global sales.

Britishvolt aims to supply batteries to Australian military

New owner, Recharge, hopes to close a deal on the Northumberland site, paving the way to make batteries for export.

Netflix's sharing crackdown is paying off but prices are still rising

The streaming giant said it was putting up prices in the UK and other markets even after introducing tougher rules.

Irish baby milk factory to close as China birth rate drops

The closure of the plant in Askeaton, County Limerick, will mean more than 500 job losses.

Tuesday, October 17, 2023

The incredible power of blue LEDs

LEDs dominate lighting systems but their efficiency rests on the tricky production of blue light.

Twitter glitch allows CIA informant channel to be hijacked

US spies and informants could have been directed to hostile nations through a CIA mistake made on X.

AirAsia boss Tony Fernandes criticised for half-naked massage photo

Tony Fernandes shared a picture of himself attending a meeting while getting a massage.

Monday, October 16, 2023

No room for tax cuts or spending rises, IFS think tank warns

The think tank warns that "ill-timed" pre election tax cuts could prove "unsustainable".

German chancellor Olaf Scholz could snub British AI summit

The BBC understands the German chancellor may turn down his invitation to the event on 1 November.

Will Sam Bankman-Fried take the stand to save himself?

A long prison sentence hangs over him so the former crypto tycoon may take a gamble and testify.

Ten former Tuffnells depots reopen after rescue deal

A total of 12 former Tuffnells delivery depots are back up and running.

Sunday, October 15, 2023

Former Bank of China boss arrested on bribery charges

He is the latest banker to be prosecuted under Chinese President Xi's anti-corruption crackdown.

Australia fines X for failing to crack down on child abuse content

It comes as X's owner Elon Musk had earlier called child safety his number one priority.

Charities 'concerned' over lack of progress with Renters Reform Bill

Thirty charities have warned Rishi Sunak not to abandon the bill banning no-fault evictions.

TikTok says action taken on Israel conflict videos

The social media firm lists what it is doing to tackle misinformation after a warning by the EU.

Electric cars drive UK MG sales to more than £1bn

The car maker, owned by a Chinese state-controlled company, says it is in a "very strong position".

Manchester United: Qatar's Sheikh Jassim withdraws from process to buy club

Qatari banker Sheikh Jassim bin Hamad Al Thani withdraws from the process to buy Manchester United.

Saturday, October 14, 2023

What does TikTok's EGX sponsorship mean for the games industry?

The app's hoping to take on Twitch and YouTube to become the main stop for online video games content.

Friday, October 13, 2023

Brexit: 'Call us' on trade, says German finance minister Christian Lindner

In a BBC interview, Christian Lindner invites the UK to discuss a closer relationship with the EU.

Microsoft Activision: What does deal mean for gamers?

Call of Duty might be an Xbox exclusive one day, but not for at least 15 years.

Next confirms takeover of Fatface in £115m deal

The retailer has added the clothing chain to the growing list of High Street names it has bought.

UK explores using frozen Russian assets to fund Ukraine defence

Chancellor Jeremy Hunt says "we need to do everything we can" to disrupt Russia's ability to fund the war.

Call of Duty maker Activision to be bought by Microsoft

The takeover, the biggest of its kind in the history of gaming, has been approved by UK regulators.

Thursday, October 12, 2023

EU opens investigation into X over alleged disinformation

X, formerly Twitter, is being investigated over the possible spread of terrorist and violent content.

Wednesday, October 11, 2023

UAW auto strike: 8,700 Ford workers in Kentucky down tools

The move is a sharp escalation of the union's ongoing strike against Ford, General Motors and Stellantis.

Schools and NHS caterers ‘must stop’ antibiotic overuse

Health and animal welfare campaigners say the overuse of antibiotics by UK farmers should be banned.

World Bank criticises UK for cutting aid to poorest

The World Bank says cuts to foreign aid are being felt at a time of higher poverty levels.

Nearly half a billion small tech items thrown away

Electrical items such as vapes, fans, cables and USB sticks can all be recycled

Jewish parents told to delete social media apps

Some schools have suggested parents delete apps such as TikTok and Instagram due to the violent content circulating.

Next set to buy rival brand Fat Face in latest High Street buy

High Street chain Next is understood to be close to buying rival fashion chain Fat Face.

Tuesday, October 10, 2023

Luton Airport flights suspended after large car park fire

A multi-storey car park partially collapses and up to 1,200 vehicles may have been damaged.

EU warns Elon Musk 'disinformation' is spreading on X after Hamas attack

The EU has written to Elon Musk warning him that the platform is being used to spread illegal content.

Clubs promoting NFTs pose 'risk' to fans, MPs warn

A committee of MPs say artists and sport clubs' reputations are at risk if they promote NFTs.

Warm weather delays early Christmas food sales

The unusually mild weather has led to fewer people buying Christmas puddings and seasonal biscuits.

Technology festival's sock that detect Alzheimer's signs

The socks, which can detect the early signs of the condition, are among innovations on show in Bristol.

Unity boss resigns after game engine pricing backlash

The firm powers hit games including Pokemon Go, and had wanted to charge developers extra fees.

IMF says UK faces five more years of high interest rates

The UK is expected to have the highest inflation of the US, France, Germany, Canada, Italy and Japan.

Metro Bank has a limited future, claims co-founder

Anthony Thomson says the bank's strategy of continuing to focus on High Street branches is "flawed".

Monday, October 9, 2023

'I pawned my wedding rings for £200 to pay my bills'

The use of pawnbrokers went up by 25% in a year during the cost of living crisis, figures suggest.

Man trains home cameras to help repel badgers and foxes

James Milward went high tech in his quest to stop the animals fouling in his Surrey garden.

California requires companies to report carbon emissions

Big companies like Apple will have to state how much climate-warming carbon they put in the air.

The hunt for a new way to tackle clothing waste

Scientists in the US are trying to find enzymes or bacteria that will decompose manmade fibres.

Nobel economics prize awarded to Claudia Goldin for work on gender pay gap

American Claudia Goldin is only the third woman to receive the prestigious economics prize.

My landlord wanted to put the rent up 35% despite cap

Catherine Sheldon says she is now having to leave the property, with nowhere else to go that she can afford.

Sunday, October 8, 2023

Oil prices rally on fear of Middle East supply disruptions

West Texas Intermediate and Brent crude prices jumped by 4% in Asian trading.

Metro Bank strikes deal to shore up balance sheet

A £325m cash injection, as well as refinancing £600m of debt, will enable it to keep expanding, it says.

Labour's Rachel Reeves to set out plan to recover Covid fraud billions

An anti-corruption commissioner would target £7.2bn lost to fraud, the shadow chancellor will say.

Nevada lithium mine leads to 'green colonialism' accusations

The rush to mine lithium for car batteries is dividing environmental and native American communities.

Saturday, October 7, 2023

Wilko: End of a fabulous ride for shop that sold it all

Workers and shoppers tell us what they'll miss about the brand as the final stores close.

Friday, October 6, 2023

Energy firms holding £8.1bn of customers' money

A father-of-three reveals that it took six weeks to have £800 refunded by his energy supplier.

US jobs growth much faster than expected

The number of jobs added to the US economy last month was almost double the amount forecast.

What's going on at Metro Bank?

Bosses say there are no concerns about its finances after reports it was looking to raise millions.

House price falls expected into new year, Halifax says

The UK's biggest mortgage lender says prices are still falling, but the rate of reduction has slowed.

Evergrande: The rise and fall of the property giant's billionaire founder

Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.

How Ghana's central bank lost $5bn in one year

The country's economic crisis has sparked protests and led to calls for the bank's boss to resign.

Thursday, October 5, 2023

Taylor Swift tour film tops $100m in advance ticket sales

The film of the Eras tour is due to be released in cinemas in more than 100 countries next Friday.

HS2 will not go to Euston without private funds

The government has scaled back plans for Euston station and is hoping for private investment.

South East water firms have highest complaint rates - report

Southern Water is the most complained about provider in the country, with Thames Water second.

Electric car sales to private buyers fall sharply

No incentives for consumers to buy electric has affected sales, but overall the car market is growing.

Metro Bank shares plunge on reports of urgent fund raising

The bank's shares plunged 23% in early trading, after several newspapers reported it needed to raise £600m.

Amazon and Microsoft to face cloud computing competition probe

The competition watchdog is investigating the tech giants' cloud computing dominance.

Wednesday, October 4, 2023

Right to own a car in Singapore can cost £87,000

The city-state introduced a 10-year certificate of entitlement system in 1990 as an anti-congestion measure.

Sam Bankman-Fried: FTX crypto empire 'built on lies' - prosecutors

The former crypto billionaire is accused of "one of the biggest financial frauds in US history".

HS2 scaled back as Rishi Sunak makes new transport pledges

It comes after the section of the HS2 high-speed train line between Birmingham and Manchester was scrapped.

MrBeast and BBC stars used in deepfake scam videos

Fraudsters have manipulated images of the popular YouTuber and two journalists to dupe viewers.

HS2 West Midlands-Manchester line to be scrapped

Rishi Sunak is expected to set out alternative projects in his Conservative Party conference speech.

Food price inflation will keep slowing, says Tesco boss

The pace of price rises will continue to ease this year, says boss of UK's biggest supermarket.

Tuesday, October 3, 2023

TikTok: Social media app halts online shopping service in Indonesia

The country's government banned social media platforms from selling goods to protect physical stores.

US sanctions Chinese firms in crackdown on fentanyl supply chain

The move is part of efforts to target the supply chain of the drug amid the opioid crisis in the US.

Cost of national debt hits 20-year high

The interest rate on government debt has hit a 20-year high, leaving little room for tax-cuts.

Sam Bankman-Fried: Trial of 'Crypto King' begins

The former crypto billionaire is accused of "one of the biggest financial frauds in US history".

Easy life: Band say easyJet owner suing over name

Easy life say they are "certain" it has never affected the easyGroup's business.

Greggs says sales up by more than fifth in latest quarter

The chain, which opened its first shop in 1951, has opened 144 new stores in the last year.

Monday, October 2, 2023

Evergrande: Shares in crisis-hit property giant jump in market return

The embattled Chinese property giant's shares were suspended from trading on Thursday.

Burger King still open in Russia despite pledge to exit

The owner of the fast-food brand says there are "no new updates" on its pledge to leave Russia.

Food prices see first fall for two years as stores compete

Competition among supermarkets led to the first monthly drop in food prices since 2021, an industry body says.

Oil cartel leader warns of prolonged high prices

The Secretary General says further investment in oil is needed to meet rising global energy demand.

Why your new Apple iPhone 15 is overheating

The firm says a bug in its operating system and updates to apps like Instagram are behind the issue.

House buyers look to adapt to higher mortgage rates

House prices fall but some young buyers are considering smaller homes and longer-term loans, surveys suggest.

John Lewis boss Dame Sharon White to step down next year

Dame Sharon White will leave after five years, making her the shortest-serving chair in the retailer's history.

China Belt and Road: Indonesia opens Whoosh high-speed railway

The project under Belt and Road links the capital Jakarta with the economic hub of Bandung.

Sunday, October 1, 2023

Jeremy Hunt to confirm national living wage to rise to £11 an hour

The move will affect two million of the lowest-paid workers, the chancellor will tell the Tory conference.

Golden Week: China's economic woes fail to dampen holiday fever

A sluggish economy forces young Chinese to travel cheaply for this year's holiday.

Aukus: UK defence giant BAE Systems wins £3.95bn submarine contract

The deal will provide decades of work at BAE Systems' shipyard in Barrow-in-Furness, Cumbria.

Water bills may rise if Ofwat approves new plans

Water companies want to invest £96bn in ambitious project that will see bills rise for customers

First class stamp price rises to £1.25

The price rise comes as Royal Mail seeks to cover higher delivery costs while letter numbers fall.

Rishi Sunak refuses to commit to pre-election tax cuts

The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.

HS2: Rishi Sunak refuses to commit to Manchester link

The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.

Iceland boss quits Tories labelling party 'out of touch'

Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.