Monday, May 31, 2021

Kraft Heinz to invest in the UK to make tomato ketchup

The US company says the $199m plan is one of the biggest investments in UK manufacturing since Brexit.

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Covid-19: Red list arrivals terminal opens at Heathrow Airport

The dedicated location is for passengers arriving in the UK from nations judged to be most at-risk.

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"My landlord wants six months' rent upfront"

Some tenants face big demands from landlords for upfront rent and there is no legal limit.

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Domino’s seeks 5,000 workers as staff return to old roles

Domino’s said Brexit uncertainty and pandemic hires departing were responsible for the shortage.

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Are businesses really tackling racial inequality?

Are businesses doing enough to tackle racial inequalities in the boardroom and workplace?

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A Quiet Place Part II becomes biggest pandemic-era US box office hit

The film becomes the biggest hit at North American box offices since the start of the pandemic.

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UK set for stronger post-Covid recovery, says OECD

The UK economy's post-pandemic performance will outpace other large rich nations, a new forecast says.

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China allows couples to have three children

The move comes after census results showed China's population grew at its slowest pace in decades.

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Covid: Holiday cottages to get 'year's takings over summer'

With "noticeable nervousness" around holidays abroad, Welsh firms look forward to a busy summer.

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Sunday, May 30, 2021

Hong Kong offers top bank executives quarantine exemptions

Senior executives who are fully vaccinated can apply to be exempted from a 21-day hotel quarantine.

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Whiplash: New rules to crackdown on fraudulent insurance claims

The reforms will save millions of motorists £35 a year in reduced premiums, the government says.

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Metal, money, mystery: How Sanjeev Gupta built his empire

The UK helped metals tycoon Sanjeev Gupta save the country's last smelter. It was a lucrative deal.

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What is the GFG Alliance and what does it own?

Financial troubles at the group owned by Sanjeev Gupta puts 35,000 jobs in doubt around the world.

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Growing hate crime against Asian Americans

The BBC's Michelle Fleury looks at the problem of hate crime directed at Asian Americans in the US.

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Retailers face 'tsunami of closures' over unpaid rent

Two-thirds of big retailers expect to face legal action from their landlords in July, says a trade group.

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Travis Perkins warns of price rises amid shortage of raw materials

Industry-wide shortages mean the builders' merchant will charge more for cement, chipboard and paint.

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The tech promising to bring lectures alive

College educators are trying new technology to make online classes more engaging.

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Saturday, May 29, 2021

Senior MP demands answers for leaseholders

Clive Betts asks why new guidance for leaseholders selling or remortgaging flats is not being followed.

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Friday, May 28, 2021

Calories on menus 'will cost thousands of pounds'

Restaurants want plans to display calorie totals delayed as the sector recovers from the pandemic.

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Homes set to be heated by sewage plants in future

Heat from industry and warmth from the sea feature in advice to government on future home heating.

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Hospitality 'struggling to fill thousands of jobs'

Restaurants, cafes and pubs are particularly short of waiting staff and chefs, UK Hospitality says.

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President Biden to propose $6tn spending plan

The proposed budget would bring the US to spending levels not seen since World War Two.

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Nike says it split with Neymar over sexual assault investigation

The sportswear giant and Brazilian footballer give conflicting accounts of why they parted ways.

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HS2 leg to Leeds will go ahead, says Shapps

The eastern branch of the planned high speed rail network will be completed, the transport secretary says.

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British exports worth billions have faced EU tariffs since Brexit

Despite the tariff-free deal agreed with the EU, a study finds up to £3.5bn of exports have had taxes applied.

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French oil giant Total rebrands in shift to renewables

Total is the latest energy giant to face pressure from shareholders to reduce carbon emissions faster.

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Insurers must not penalise loyal customers, says FCA

People renewing their home or motor insurance will pay no more than new customers from January.

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JD Logistics shares deliver in Hong Kong debut

The successful share listing comes despite a crackdown on some of China's biggest e-commerce firms.

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Thursday, May 27, 2021

Belarus: Russia blocks some flights for avoiding its ally

Air France and Austrian Airlines Moscow routes are stopped as Russia rejects their new flight plans.

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Social media giant lists new 'Twitter Blue' subscription service

It comes as the social media giant attempts to diversify its revenue sources from advertising.

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Pockit promises action over frozen customer accounts

The head of the online pre-paid card firm vows to act after some customers have their accounts frozen.

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Covid: Small businesses' account delays are over, insist banks

Start-ups had expressed anger that some banks had stopped accepting new account applications.

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The uncertain future of Britain's offices

UK firms' offices are undergoing radical shifts as firms allow staff to continue working from home.

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Greensill did not get special treatment, says Sunak

The chancellor denies intensive lobbying by David Cameron influenced his approach to the now-defunct financial firm.

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Airbnb extends worldwide party ban until end of summer

The online rental platform said on Thursday it was "in the best interest of public health".

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Farmers should not fear Australia trade deal, UK minister says

Trade minister Greg Hands says UK farmers should "be positive, not fearful" of Australia agreement.

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Amazon construction site shut again as another noose found

The retail giant halts construction of a factory in Connecticut again after an eighth noose is found.

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Agency worker's LinkedIn rant leads to hundreds of job offers

Lee Moore's post about "picky" fellow agency staff has been seen by more than four million people.

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NatWest launches 'urgent' cryptocurrency scam alert

A warning on NatWest's banking app warns customers to beware of cryptocurrency scams.

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Airbus ramps up production as it eyes post-Covid recovery

The world's largest planemaker says demand from the crisis-hit airline sector will hit pre-Covid levels by 2025.

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Rolls-Royce inaugurates £90m aircraft engine testbed

Aerospace firm Rolls-Royce inaugurates £90m aircraft engine testbed in its home town, Derby.

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Twitter worry over 'freedom of expression' in India

Police visited Twitter offices after it tagged a ruling party spokesman tweet as "manipulated media".

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Paddling pools for dogs boost Pets at Home sales

The firm's retail revenues top £1bn but Covid-related costs take a bite out of underlying profits.

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Wednesday, May 26, 2021

US and China trade officials hold 'candid' first talks of Biden era

The meeting between the top US and Chinese trade negotiators was described as "candid and pragmatic".

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HS2 dishonest over compensation claim, says report

The rail firm failed to engage properly with a member of the public who had to sell their home, a report says.

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Iran bans cryptocurrency mining for four months after blackouts

President Hassan Rouhani says the energy-consuming activity must be halted for four months.

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'There's a strong sense black people are paid less'

It's a year since businesses made racial diversity pledges following George Floyd’s death - so what has changed?

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CEO Secrets: 'Recruit staff early to grow your business fast'

Biotiful CEO Natasha Bowes says her firm could have grown faster "had I recruited staff earlier on".

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Passengers refused boarding amid testing confusion

Travellers with Ryanair and EasyJet were told they could not fly because they had taken the wrong PCR test.

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Covid: Banks call for overhaul of mortgage support

Some people on benefits get help to pay their mortgage interest but ministers face pressure to extend support.

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US banks accused of failing the public during Covid

Bank bosses were grilled by US lawmakers over worker pay and overdraft fees during the pandemic.

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Uber recognises union for first time in landmark deal

Trade union GMB will be able to negotiate for drivers’ rights after it was recognised by the ride-hailing giant.

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RAF Tempest jet will 'add £1bn to East of England economy'

Tempest is due to fly into action in 2035, eventually replace the existing Typhoon.

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'I've been ghosted by my insurer'

Thousands of small businesses are still waiting for Covid-related insurance payouts.

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Holiday islands considered for green list

Islands such as the Canary Islands and Majorca may be put on the UK's green list of holiday destinations.

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Shell: Netherlands court orders oil giant to cut emissions

Campaigners say it is the first time a company has been legally bound by the Paris climate accord.

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Amazon buys Hollywood studio MGM for $8.45bn

The move gives the US tech giant the chance to expand the library of movies available on its streaming service.

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Nissan 'in talks to build huge UK battery factory'

The Japanese car giant is reportedly in advanced talks to build a gigafactory in Sunderland.

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'Irresponsible' London Underground Bitcoin advert banned

Cryptocurrency exchange Luno rapped by the ASA for targeting inexperienced consumers

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Tuesday, May 25, 2021

M&S swings to big loss as pandemic takes its toll

M&S made a pre-tax loss of £201.2m last year, down from a £67.2m profit in the previous year.

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China overtakes Germany as UK’s top import market

It came as Brexit disrupted trade with the EU and the pandemic boosted demand for Chinese goods.

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UK could block stock market listings on national security grounds

New rules would stop companies from listing if they posed a national security threat, the Treasury says.

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Tech giants fight 'cloud wars' deep in the ocean

To boost their services, Google and Facebook are investing in undersea cables that span the world.

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Building projects hit by lack of supplies and price rises

Industry warns people to delay home improvement due to shortage of cement, electric components, timber and steel.

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Violence and abuse against shop workers increasing, survey says

There were 455 incidents of violence or abuse towards staff a day in 2019, a trade body says.

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Fed-up savers may test their luck in prize draws with rates so low

The UK's largest building society becomes the latest provider to offer a prize draw to attract custom.

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Millions cannot afford water bills, says watchdog

Overhauling water tariffs could help struggling families, the Consumer Council for Water says.

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Amazon accused of unfair pricing policies by Washington DC

The Washington DC Attorney General said on Tuesday it was suing the firm over competition concerns.

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Lidl ordered to stop selling gin brand lookalike

The supermarket chain is told its rebranded bottles are too similar to premium brand Hendrick's.

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US business groups team up to oppose tax rise proposals

A coalition of 28 business groups has been formed in response to tax proposals by the Biden administration.

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Airbnb boss: 'Cornwall is now more popular than London'

CEO Airbnb Brian Chesky says people's travel habits have fundamentally changed due to the pandemic.

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Liberty Steel nationalisation is unlikely, says Kwasi Kwarteng

The business secretary says taking control of the steel company is the least likely option.

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Government borrowing fell in April as UK reopened

Borrowing reached £31.7bn last month, still the second highest total for April since records began.

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Monday, May 24, 2021

Tata Steel to continue salaries for Covid victims' families in India

The announcement came as deaths linked to the coronavirus in India passed 300,000.

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UK tourism spending 'worth just half of pre-pandemic level'

The sector is set for a slow recovery from the pandemic, with foreign visitors still staying away.

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'My Instagram account gave me confidence and purpose'

With jobs very hard to come by, graduates are successfully using social media to find work.

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Hinkley C: Hundreds more needed to finish nuclear power station

The new jobs will include roles in construction, welding and electrical installation roles.

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Bank of England suspected Gupta bank in 2019

Wyelands Bank, part of Sanjeev Gupta's business empire, was under investigation two years ago.

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Peloton to build first US factory after supply problems

The exercise equipment company has struggled to keep up with demand during the pandemic.

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UK airlines told to avoid Belarusian airspace after journalist arrest

Britain says carriers should by-pass Belarus after a flight was diverted to Minsk and a journalist held.

from BBC News - Business https://ift.tt/3fHGiWH

Weetabix workers warn of shortages in 'fire and rehire' row

Unions say production could be halted if planned strikes over pay and conditions go ahead.

from BBC News - Business https://ift.tt/3uicNjB

Liberty Steel to sell Stocksbridge plant to pay off lender

The struggling steel-maker says the move will allow it to pay back one of its main creditors in full.

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Shopping activity still to recover from pandemic

Shoppers remain cautious after lockdown curbs eased further, with numbers still 28.7% down on 2019.

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Fish 'not as carbon friendly' as previously thought

Commercial fishing by so-called bottom trawling could emit as much CO2 as air travel, a study argues.

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£300m investment to fuel electric car take-up

Energy regulator Ofgem is releasing funds to boost the infrastructure needed to support more charging points.

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Cineworld reopening boosted by demand for Peter Rabbit 2

The chain says film fans flocked back to its cinemas at the weekend to watch films and eat popcorn.

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Sunday, May 23, 2021

Global metal prices fall as China further warns against price hikes

Commodity companies in the country have been urged by officials to not push up prices.

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Bury Brexit hatchet and seize new opportunities, says CBI

The CBI says burying the Brexit hatchet and focusing on new opportunities will benefit everyone.

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The Navy sub commanded by artificial intelligence

Submarines controlled by artificial intelligence are being designed to take on military missions.

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Covid: Restaurants get creative in bid to plug staff shortage

Gift cards and bonuses are being used to fill vacancies as the hospitality sector emerges from lockdown.

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Liberty Steel in £18m loan breach with Metro Bank

The Newport steelworks owner broke the terms of the loan two years ago.

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Royal Caribbean: We expect all cruise guests to be vaccinated

The boss of Royal Caribbean wants all passengers to have Covid vaccines before getting on his ships.

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Saturday, May 22, 2021

McDonald's: Animal rights group blockades depots, activists say

Animal Rebellion says it is stopping restaurant supplies from leaving four UK distribution centres.

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Friday, May 21, 2021

Out in Brighton on first Friday after rules ease

"Life is meant for living and we are living it," says one woman, as people enjoy indoor pubs and restaurants.

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'We offered a $300 bonus to get staff for our restaurant'

Restaurants in the United States are struggling to fill jobs as lockdown restrictions ease.

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Amazon shuts US construction site as nooses found

The online retail giant shut down construction of a factory in Connecticut after seven nooses were found.

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Heathrow Airport to open terminal for 'red list' arrivals

Passengers arriving from countries with a high Covid risk will taxi to Terminal Three to avoid spreading the virus.

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Apple v Epic: Tim Cook takes the stand in Epic legal row

Apple's boss Tim Cook is on the witness stand in the high-profile legal row with Epic Games.

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Car buyers still sceptical about going electric, says Ford boss

The car giant's UK boss tells the BBC says shifting away from petrol and diesel cars will need more government support.

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'Mad rush' to buy homes faded in April

Property sales fell from the record highs of March, but analysts say activity is still high in the market.

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Somerset hoteliers worry they face mass cancellations

Tourism businesses had hoped for a "staycation boom" to repay losses suffered during lockdowns.

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UK billionaires see jump in wealth during pandemic

Sir Leonard Blavatnik topples Sir James Dyson as the UK's richest person, according to the Sunday Times Rich List.

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Coronavirus: Spain to lift restrictions for UK and Japanese travellers

UK tourists will be free to enter the country without a negative Covid-19 PCR test from Monday.

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UK set to offer Australia free-trade deal

Boris Johnson pushes for an end to import taxes, despite claims UK beef and lamb farmers will suffer.

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Thursday, May 20, 2021

Retail sales soar in April as shops reopen

There was a big jump in clothing sales last month as shoppers returned to the High Street.

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WeWork reports loss of nearly $2.1bn ahead of stock market debut

The troubled office-sharing startup's business was hit particularly hard by the coronavirus pandemic.

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'I pay more than £9,000 a year for my season ticket'

As rail reforms loom, commuters tell the BBC about the problems they face with UK train services.

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Higher plastic bag charge comes into force in England

Single-use plastic carrier bags in English shops now cost 10p, twice the previous price.

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Why video calls might be behind a rise in male cosmetic surgery

A third of UK plastic surgeons say they have seen a jump in enquiries from men over the past year.

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UK-Australia trade deal: What are the arguments for and against?

The government wants to finalise negotiations by early June.

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Oatly IPO values Oprah-backed firm at $10bn

The Swedish-based alternative milk brand has been backed by other celebrities such as Jay-Z.

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Rail reform: What does the shake-up mean for you?

Seven key points on how the planned revamp of the UK's rail network affects passengers and fares.

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Trainline shares plunge after government rail plans revealed

Shares in the ticketing firm plunge by as much as a third after the government's announcement.

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Elon Musk UK visit drives Tesla factory rumours

A two-day stop in the UK has ignited speculation that the tech mogul is looking for factory sites.

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Amber list travel is legal, says EasyJet boss

Government guidance on travel to amber list countries is "very confusing", says Johan Lundgren.

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Ministers discuss Australia trade deal concerns

UK sheep and beef farmers are concerned they could be undercut by rivals with far larger herds.

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Wednesday, May 19, 2021

ByteDance: TikTok's co-founder to step down as chief executive

The hugely popular short-video app was regularly criticised by former President Donald Trump.

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Qantas accelerates cost cuts as $1.5bn loss looms

The Australian flag carrier also said its debts had peaked as domestic travel returns to near-normal.

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Rail services to come under unified state control

A new public body, Great British Railways, will lead the biggest rail shake-up since privatisation.

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Colonial Pipeline boss confirms $4.4m ransom payment

Joseph Blount told the Wall Street Journal that he authorised the payment following the cyber-attack.

from BBC News - Business https://ift.tt/3yqZLTU

Wells Fargo: US bank to start trading in Bitcoin

Wells Fargo, America's third largest bank, said the service would be available for wealthy clients.

from BBC News - Business https://ift.tt/3bE3nbL

Post Office Horizon scandal inquiry extended after criticism

Business minister Paul Scully says the bolstered inquiry "will get to the bottom of this appalling affair".

from BBC News - Business https://ift.tt/2T1iR30

Goop's UK operations threatened with shutdown

Companies House threatens to dissolve Gwyneth Paltrow's firm in the UK over an accounts filing row.

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Brexit: Boris Johnson prepared to throw farmers under bus, says SNP

Ian Blackford attacks a proposed Australian trade deal, but the PM says it is a "massive opportunity".

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House prices climb at highest rate since before credit crunch

Average UK house prices soared by 10.2% over the year to March 2021, the highest annual growth rate for 14 years

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Bitcoin falls further as China cracks down on crypto currencies

The price of Bitcoin fell below $40,000 for the first time in three months after China imposed fresh curbs.

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Gas Boilers: What are heat pumps and how much do they cost?

No new gas boilers should be sold from 2025 according to the the International Energy Agency.

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Tuesday, May 18, 2021

UK inflation rate jumps in April

Inflation in the UK rose by 1.5% in the year to April, according to official figures.

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Tata Motors: Jaguar Land Rover's Indian owner sees surprise $1bn loss

Tata Motors wrote off $2bn due to its shakeup of Jaguar Land Rover and warned over the global chip shortage.

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Six announcements from Google I/O

Google's annual conference unveils their latest tech. Here's what we found interesting.

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CEO Secrets: 'Perfectionism can hold women back'

Code First Girls' Anna Brailsford says perfectionism can hold women back, but it can be overcome.

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'We've booked two summer holidays for the same time'

UK holidaymakers are reportedly double-booking breaks this summer to make sure they don't miss out.

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Accidental savers 'to stay prudent' after lockdown

A survey suggests the mass consumerism of the "roaring 1920s" will not be repeated as Covid restrictions ease.

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Should encryption be curbed to combat child abuse?

Cyber-security experts, tech firms and lawyers weigh in on the end-to-end encryption debate.

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Superyacht sales surge as wealthy seek Covid escape

The charity Oxfam says the millions spent on superyachts could instead vaccinate entire countries.

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Don't holiday in amber list countries - Boris Johnson

Boris Johnson says not to go but some travel firms are refusing refunds for those destinations.

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Post Office scandal inquiry to be bolstered

The move by the government will mean witnesses could be compelled to give evidence and hand over documents.

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Amazon investigated by German anti-trust watchdog

New German laws mean the regulator can take faster action to prohibit any anti-competitive behaviour.

from BBC News - Business https://ift.tt/3ormDy2

Holiday firms refuse refunds for amber destinations

Travellers who booked ahead for 2021 or had holidays moved are finding they cannot claim money back.

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Walmart: Customers want to get out and shop, says boss

The retailer said that like-for-like sales in shops rose by 6% in the three months to 30 April.

from BBC News - Business https://ift.tt/3hAbyth

Firms 'lose trillions' by ignoring disabled consumers

Group promoting disability inclusion in business says firms should target disabled people's spending.

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Eurostar secures £250m rescue package

The cross-Channel rail operator has been fighting for survival during the pandemic as demand slumped.

from BBC News - Business https://ift.tt/3ykh7C4

UK farmers face lowering of tariffs on imports

The move could be part of securing a free trade deal with Australia and countries in Asia.

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Just 20 firms behind more than half of single-use plastic waste - study

The study looked at approximately 1,000 factories that make the raw materials for single-use products.

from BBC News - Business https://ift.tt/2T2qhDf

Monday, May 17, 2021

UK jobless rate falls slightly to 4.8% in March

The unemployment rate was 4.8% in the three months to March, compared with 4.9% last time.

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Amazon in talks to buy MGM Studios for $9bn: Reports

The deal would give the e-commerce giant's streaming service a vast library of content.

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Holidaying Brits touch down in Portugal: 'It feels unreal'

Leisure travel from England, Scotland and Wales, to a select number of countries, is now allowed.

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The app that lets you pay to control another person's life

NewNew aims to connect artists with their fans who can vote on aspects of their work and daily life.

from BBC News - Business https://ift.tt/3oiZhe8

UK hit by Cadbury 99 Flake shortage

A surge in demand at ice cream van windows has led to a shortage of the crumbly chocolate treats.

from BBC News - Business https://ift.tt/33OlkzZ

Why is Huawei still in the UK?

Huawei defends its links with British universities, says it admires UK innovation

from BBC News - Business https://ift.tt/3wqlMkj

Bill Gates left Microsoft amid affair investigation

Microsoft has said that it investigated Mr Gates' attempt in 2000 "to initiate an intimate relationship".

from BBC News - Business https://ift.tt/3bxIs9U

Lockdown easing fails to lure back shoppers

Despite UK hospitality venues trading more freely, fewer people have been visiting shops than last week.

from BBC News - Business https://ift.tt/3uWRJjD

Ryanair: Signs of summer travel rebound

Europe's largest budget carrier says pent-up demand has sparked a surge in booking.

from BBC News - Business https://ift.tt/3woRdLR

Sunday, May 16, 2021

Long working hours killing 745,000 people a year, study finds

The World Health Organization says the trend may worsen due to the coronavirus pandemic.

from BBC News - Business https://ift.tt/3hBJ2aR

AT&T nearing $150bn Discovery streaming merger: Reports

A deal could see Harry Potter-maker Warner Bros. and Discovery's lifestyle channels under the same owner.

from BBC News - Business https://ift.tt/2RT5Zvb

Covid-19: Thousands set to jet overseas on holiday as rules ease

Holidaymakers from England, Scotland and Wales are now able to travel to 12 "green list" countries.

from BBC News - Business https://ift.tt/3fhezMk

Covid: Cinemas prepare for filmgoers' return

The boss of Odeon on how her cinemas are adapting with extra Covid safety measures in order to reopen.

from BBC News - Business https://ift.tt/3flIe7c

Firms happy to reopen but have pandemic debt hangovers

Despite lockdown easing, businesses say they need more support to manage the impact of the last year.

from BBC News - Business https://ift.tt/3byeWkq

Saturday, May 15, 2021

Covid: A tenth of Britain's restaurants lost during pandemic

As bars, pubs and restaurants prepareo welcome customers back indoors, some will not be reopening at all.

from BBC News - Business https://ift.tt/2RUXPCH

No alternative to vaccine passports, says Dubai airport boss

Dubai is the world's busiest airport and its boss says vaccine passports will get us flying again.

from BBC News - Business https://ift.tt/33Ni8o4

Santander banking services working again after day of technical problems

The bank says all of its services are now working as normal as it promises "no one will be out of pocket".

from BBC News - Business https://ift.tt/3fkLT58

Santander customers facing technical issues

The bank says it is working to resolve problems with its services, but it does not have a timescale.

from BBC News - Business https://ift.tt/33IS8KL

Friday, May 14, 2021

Last Debenhams stores close their doors

After 240 years of trading, the department store's remaining stores are welcoming customers for the last time.

from BBC News - Business https://ift.tt/3ya3F3z

Debenhams: 'It's only fixtures and fittings, we'll still be friends'

Staff reminisce about the Mansfield branch of Debenhams, which closed this week, after five decades.

from BBC News - Business https://ift.tt/3fgUOEF

Building's hard problem - making concrete green

Concrete accounts for 8% of carbon dioxide emissions, but some firms are hoping to cut that down.

from BBC News - Business https://ift.tt/3w34Xvf

Bid to make financial terms and conditions clearer

The City regulator wants firms to have a Consumer Duty to ensure fairness and value in products.

from BBC News - Business https://ift.tt/3osbWM1

British tourists allowed into Portugal from Monday

The government in Lisbon says anyone arriving will need to take a negative PCR test before departure.

from BBC News - Business https://ift.tt/2SOHlwi

Covid: Greece ends lockdown measures and opens to tourists

Flights arrive in Greece as restrictions on movement are lifted, but infections are still quite high.

from BBC News - Business https://ift.tt/2RmhjzU

Gupta empire facing UK fraud probe over Greensill

The group run by Liberty Steel owner Sanjeev Gupta is under investigation by the Serious Fraud Office.

from BBC News - Business https://ift.tt/3eLgdXz

Cleared postmaster hid conviction from his family

The convictions of two more former Post Office branch managers - wrongly accused of theft - have been quashed.

from BBC News - Business https://ift.tt/3tK1xw8

Amazon set to hire 10,000 UK workers

The tech giant is tightening its grip on retail as the coronavirus pandemic continues

from BBC News - Business https://ift.tt/33JtPwe

US fuel pipeline 'paid hackers $5m in ransom'

Reports say Colonial Pipeline paid cyber-criminal gang DarkSide a ransom to prevent a data leak.

from BBC News - Business https://ift.tt/3ohSUI8

Lebanon: Karpowership shuts down electricity supply

Turkish firm Karpowership shuts down its generators over a lack of payment and a legal dispute.

from BBC News - Business https://ift.tt/2R8QTBT

Thursday, May 13, 2021

Jeff Bezos and the secretive world of superyachts

The world's richest man will reportedly set sail next month on one of the largest superyachts ever built.

from BBC News - Business https://ift.tt/3hqNFEy

Ignore hype over hydrogen heating, government told

The benefits of hydrogen-powered heating have been overplayed, say environmentalists.

from BBC News - Business https://ift.tt/3tKgb6C

I love being a mogul: The Hollywood stars going into business

With the pandemic shutting down Hollywood over the past year, actors have been starting companies.

from BBC News - Business https://ift.tt/33Dra77

Holidays: Airbnb bookings jump as holiday demand soars

The US rental platform said customers had been booking bigger properties in rural locations.

from BBC News - Business https://ift.tt/3w9fIfP

IBM says chip shortage could last two years

The President of the US tech giant told the BBC that the shortage could last another two years.

from BBC News - Business https://ift.tt/3y4Hv2R

Booming UK economy to outpace US, says Haldane

The Bank of England economist says it's realistic to expect a 'tennis ball bounce' for the UK

from BBC News - Business https://ift.tt/3ogvm64

Portugal: No decision yet on UK holidaymakers

The country has yet to decide whether it will allow holiday visits as it extends state of calamity.

from BBC News - Business https://ift.tt/3om6n1y

Amazon set to hire 75,000 workers in US and Canada

The online retail giant is hiring extra staff to meet growing demand as the pandemic continues.

from BBC News - Business https://ift.tt/3uM7tWv

Gupta-owned bank faces possible liquidation

Wyelands Bank, part of the empire of beleaguered businessman Sanjeev Gupta, is likely to be wound up.

from BBC News - Business https://ift.tt/3obYxY0

Universal credit fraud and error at new high

Figures from the Department for Work and Pensions show £8.4bn was lost in 2020-21.

from BBC News - Business https://ift.tt/3uIQjcB

Travel firms warned over summer holiday refunds

Companies will be breaking the law if they delay or refuse refunds, warns the competition watchdog.

from BBC News - Business https://ift.tt/3w1ODej

Arthur Beale: Sailing goods business closes shop after 500 years

The Arthur Beale store, which sells specialist marine supplies, says the pandemic has forced its closure.

from BBC News - Business https://ift.tt/2SGdZjr

BT vows to give 5m more homes fast broadband

The telecoms giant says its new full-fibre investment strategy could create up to 7,000 jobs.

from BBC News - Business https://ift.tt/3oha0Wj

Wednesday, May 12, 2021

Asian markets fall for third day after shock US inflation rise

Investors are concerned that policy makers may be forced to cool the US economy to slow price rises.

from BBC News - Business https://ift.tt/3y66GBW

Sydney casinos to ban cash after money laundering scandal

It comes after an inquiry found evidence of criminal activity and money laundering at Australian casinos.

from BBC News - Business https://ift.tt/3f8IvKw

Tesla will no longer accept bitcoin over climate concerns, says Musk

The initial decision made by Tesla in March to accept bitcoin caused an outcry from environmentalists.

from BBC News - Business https://ift.tt/3ftP0YH

HS2 high-speed rail project begins underground tunnel

At 170m long, "Florence" is the largest ever tunnelling machine to be used on a UK rail project.

from BBC News - Business https://ift.tt/3hiVQTe

Buyer demand outstrips homes on market

A slowdown in homes being put on the market in April is leading to higher prices, surveyors say.

from BBC News - Business https://ift.tt/3fbZdsx

Renter eviction ban to finish at end of May

A ban on property evictions will end on 31 May, the government has confirmed.

from BBC News - Business https://ift.tt/2RRSR9q

Colonial Pipeline: US petrol prices hit seven-year high

Prices rose as the Colonial Pipeline shutdown spurred some customers to panic-buy in the US.

from BBC News - Business https://ift.tt/3oeFdcW

Heathrow Airport could divert aircraft to ease crowding

Contingency plans are being made to divert passengers to other UK airports or EU hubs due to border queues.

from BBC News - Business https://ift.tt/2SC8PF8

US inflation sees biggest jump since 2008

The report from the US Labor Department comes amid fears that rising prices could push up interest rates.

from BBC News - Business https://ift.tt/3oajUck

Amazon has €250m 'back taxes' overturned in court

A court has overturned an EU order for Amazon to pay millions in taxes to Luxembourg.

from BBC News - Business https://ift.tt/3bl3YPs

Renters seize on lower costs to live in UK cities

The cost of renting in some UK cities - particularly London - has fallen prompting a rise in demand.

from BBC News - Business https://ift.tt/3bmN2I9

Summer holiday demand shifts to winter, says Tui

Demand jumps 17% for winter holidays while bookings for this summer are down due to uncertainty.

from BBC News - Business https://ift.tt/3hm4VL8

Tuesday, May 11, 2021

UK economy shrank by 1.5% in first quarter

The UK economy shrank by 1.5% in the first quarter of 2021, as the country experienced a lengthy winter lockdown.

from BBC News - Business https://ift.tt/2Rf5z2j

Myanmar coup: Firms quit office block with military ties

Sule Square sits on land owned by the country's military, according to a United Nations report.

from BBC News - Business https://ift.tt/3y2ON79

US motorists urged not to hoard fuel after pipeline attack

Some petrol stations run out of fuel in the US southeast as the Colonial Pipeline stays down.

from BBC News - Business https://ift.tt/3w50msN

Pet and shopping scams surge during pandemic

The BBC highlights ways to avoid fraud following a 44% rise in online shopping fraud during Covid.

from BBC News - Business https://ift.tt/2ROYS6P

TSB branches offer safe space for domestic abuse victims

The bank is joining a scheme where branches offer rooms to domestic abuse victims as a safe space to seek help.

from BBC News - Business https://ift.tt/3o7OPWJ

'I was due an £82-a-week state pension but got nothing'

A 73-year old will now receive £20,000 in pension arrears as a report suggests many thousands more miss out.

from BBC News - Business https://ift.tt/3yf1tIe

Furniture Poverty: millions living without essential items

In the UK more than two million people experience furniture povert yet it’s rarely spoken about.

from BBC News - Business https://ift.tt/3bCml2v

Mind-boggling magnets could unlock plentiful power

Powerful magnets are bringing abundant, pollution-free electricity a step closer.

from BBC News - Business https://ift.tt/3tDCn25

Uber and Lyft set to offer free rides to US vaccine sites

The White House highlights the upcoming offer of free trips in the US by the ride-hailing firms.

from BBC News - Business https://ift.tt/3hnWAX9

President Biden's claims on the US economy fact-checked

The president is hailing his economic progress since he came to office. We look at some of his claims.

from BBC News - Business https://ift.tt/3oiTQvT

Greensill: Watchdog to probe 'potentially criminal' collapse of firm

The financial watchdog has begun a probe into the Liberty Steel backer which collapsed in March.

from BBC News - Business https://ift.tt/3ezZOVN

Queen's Speech: Missing Employment Bill 'long overdue'

Employers' groups and trade unions voice concern at the lack of an Employment Bill in the Queen's Speech.

from BBC News - Business https://ift.tt/3hhwFjP

Selfridges granted licence to host weddings

Selfridges has created a wedding suite on the fourth floor of its London department store.

from BBC News - Business https://ift.tt/3tCf60C

FTSE 100 slides amid fears of rising inflation

UK, US and Asian markets fall by around 2% amid worries that inflation is set to pick up.

from BBC News - Business https://ift.tt/3huYi9t

Pret a Manger heads to Tesco in battle for new customers

The sandwich chain will open cafes in some supermarkets in a bid to reach more people working from home.

from BBC News - Business https://ift.tt/2RJPLod

Morrisons hails 'renaissance of the supermarket'

During the pandemic, Brits have enjoyed cooking at home more, the supermarket giant says.

from BBC News - Business https://ift.tt/3f6WNLL

Monday, May 10, 2021

Meituan: China tech giant's shares slide over ancient poem

Shares in Meituan slumped after its boss reportedly shared, then deleted, a Tang dynasty poem.

from BBC News - Business https://ift.tt/3tDvgGK

Apple's UK users deserve app price compensation, claim says

Legal action in the UK seeks compensation from Apple for high prices from a lack of competition.

from BBC News - Business https://ift.tt/3bidBOK

Boeing's 737 Max aircraft under scrutiny again

Boeing's 737 Max is under scrutiny again, months after being cleared to fly by US regulators.

from BBC News - Business https://ift.tt/2RLrwFV

'I can't read or write, but I can cook'

Professionals tell the BBC what it is like to struggle with reading and writing while at work.

from BBC News - Business https://ift.tt/3hgAmXd

'Crash for cash' insurance scam hotspots revealed

Villagers are advised to be vigilant about Bradford and Birmingham, where scam hotspots are located.

from BBC News - Business https://ift.tt/3f7s0OX

'I was injured but the rescue boat found me in seconds'

How technology has helped emergency responders save lives during the pandemic.

from BBC News - Business https://ift.tt/33vhcoo

Digital bank Monzo offers paid leave after pregnancy loss

Monzo and Channel 4 offer workers paid leave after pregnancy loss, such as miscarriage or abortion.

from BBC News - Business https://ift.tt/33xbylG

HSBC to pilot Zoom-free Friday afternoons

The trial comes in an effort to tackle stress caused by working from home during the pandemic.

from BBC News - Business https://ift.tt/3hdOIY6

Greggs profits set to bounce back to pre-pandemic levels

The bakery chain reports a strong recovery in sales since the easing of UK lockdown restrictions.

from BBC News - Business https://ift.tt/3uAsyTX

'Fear of missing out' fuels highest ever house prices in April

Average house prices have climbed almost £20,000 in the last year, hitting a record high in April.

from BBC News - Business https://ift.tt/3xYugAC

Taking an invention from idea to the marketplace

Lockdown spurred many people to invent new products, but how did they get to market?

from BBC News - Business https://ift.tt/2R1a7ZR

Provident Financial withdraws from doorstep lending after 140 years

The company blames "changing industry dynamics" for ending doorstep lending after 140 years.

from BBC News - Business https://ift.tt/3bd9UJW

Sunday, May 9, 2021

Dangerous eBay listings can be removed by regulators

A new set of tools will let some regulators pull items from sale on eBay without company approval.

from BBC News - Business https://ift.tt/3xXG0TS

Cryptocurrency: Musk's SpaceX to launch dogecoin moon mission

The value of the cryptocurrency has fallen sharply after Mr Musk called it a "hustle" on US TV.

from BBC News - Business https://ift.tt/3bfmcBI

Office or home? The pleasure and pain of lockdown working

After a year of working from home, are you looking forward to getting back in the office or dreading it?

from BBC News - Business https://ift.tt/3ezc8We

Biden declares state of emergency over fuel cyber-attack

The move to keep fuel flowing comes after its largest pipeline was hit by a ransomware cyber-attack.

from BBC News - Business https://ift.tt/3heV61A

Wendy's: Burger giant plans return to the UK after 20 years

The burger chain says it is planning to open 400 outlets, creating around 12,000 jobs over several years.

from BBC News - Business https://ift.tt/3hh2oSe

Elon Musk reveals he has Asperger's on Saturday Night Live

The 49-year-old Tesla CEO appeared as a guest host on the US comedy series Saturday Night Live.

from BBC News - Business https://ift.tt/2RAzEsU

Rail disruption set to continue into next week after train cracks found

Two rail firms continue to warn passengers not to travel after cracks were found on some trains.

from BBC News - Business https://ift.tt/3evppit

Saturday, May 8, 2021

Post Office scandal: Former staff contacted over prosecutions

It is contacting former workers potentially caught up in the UK's most widespread miscarriage of justice.

from BBC News - Business https://ift.tt/3eqJfvs

Friday, May 7, 2021

Covid: Travel firms reject 'overly cautious' green list

The UK will be 'left behind' if other countries open up travel more quickly, the industry says.

from BBC News - Business https://ift.tt/2R59Xkn

Virgin Media customers left waiting longest on phone

Virgin Media and Virgin Mobile had the longest average customer call waiting times, Ofcom has found.

from BBC News - Business https://ift.tt/3nWYUFU

Furlough: Pair arrested over £3.4m job scheme fraud

Officials freeze more than £6m held in bank accounts controlled by the man and woman from Bradford.

from BBC News - Business https://ift.tt/3erOcUy

US jobs growth much weaker than expected

Employers hired 266,000 people last month, figures show, despite a $1.9tn stimulus package.

from BBC News - Business https://ift.tt/3ttYaZQ

Twitter adds 'tip jar' to pay for good tweeting

Twitter launches a new payment feature for good tweets - but it comes with privacy concerns.

from BBC News - Business https://ift.tt/3vG9Iee

Covid travel rules: 'Green list' countries to be revealed

England’s list of “green countries”, with fewest restrictions, is expected to be released later.

from BBC News - Business https://ift.tt/3b96Sq5

British Airways owner IAG calls for action to restart flights

The airline group says there is a "high level" of pent-up demand from passengers.

from BBC News - Business https://ift.tt/3b552Xm

China's exports soar as US recovers and India stalls

Export growth soared 32% in April as demand jumped for goods from the world's second largest economy.

from BBC News - Business https://ift.tt/3nSA36a

Thursday, May 6, 2021

Juukan Gorge: Rio Tinto investors in pay revolt over sacred cave blast

Shareholders voted against outgoing boss's $10m bonus after sacred Aboriginal shelters were destroyed.

from BBC News - Business https://ift.tt/3vNUVOF

Holidays costs to jump this summer, warns travel boss

Travel will be more expensive as airlines can't afford to bring many planes back into service.

from BBC News - Business https://ift.tt/2Rr8y7v

Plastic bag charge to double to 10p in all shops

The price rise for single-use bags will be extended to all businesses in England from 21 May.

from BBC News - Business https://ift.tt/2Q1vmdO

'We are desperate to go travelling again'

"Digital nomads" aim to get back to mobile working after Covid, with many countries wooing them.

from BBC News - Business https://ift.tt/2RuM0CZ

Tui to subsidise Covid tests for package holiday customers

The travel firm is offering discounted tests with its holidays but there are concerns over testing capacity.

from BBC News - Business https://ift.tt/3nYKwNh

Road and rail building plans under review after Covid

Post-pandemic shifts in travel habits could undermine the logic behind many infrastructure projects.

from BBC News - Business https://ift.tt/3nSC9CS

Liberty steel owner in talks over £200m lifeline

Sanjeev Gupta's beleaguered UK steel business may yet find the help it needs, the BBC understands.

from BBC News - Business https://ift.tt/3vLshxt

Sub-postmaster's wife 'cried eyes out' over jailing

A wrongly-jailed postmaster's wife has described the ordeal of seeing her husband locked up.

from BBC News - Business https://ift.tt/3upgQv7

IBM 2nm chip breakthrough claims more power with less energy

Next-gen processor tech gives more performance with less energy use, IBM claims.

from BBC News - Business https://ift.tt/3vRCDMB

UK economy set to grow at fastest rate since WW2

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, says Bank of England.

from BBC News - Business https://ift.tt/3utepbc

UK service sector growth hits seven-year high

The UK's dominant services sector rebounded in April as lockdown restrictions were eased.

from BBC News - Business https://ift.tt/33ngp8V

Next expects post-lockdown sales surge to be short-lived

The fashion chain raises its profit forecast but says the recent rebound in sales may not last.

from BBC News - Business https://ift.tt/3unZYFd

Wednesday, May 5, 2021

China 'indefinitely' suspends key economic dialogue with Australia

The announcement is the latest in a growing diplomatic rift between both countries.

from BBC News - Business https://ift.tt/3vLLBL7

Twitter tells users to be nice and think twice before replying

The social media platform will prompt users to review "potentially harmful or offensive" replies.

from BBC News - Business https://ift.tt/3xQ93c0

Covid: US backs waiver on vaccine intellectual property

Supporters say the move would boost vaccine production but the pharmaceutical industry disagrees.

from BBC News - Business https://ift.tt/3xPIZ0E

No full-time return to the office for over a million

The vast majority of 50 big UK firms say staff will divide their time between home and office, BBC research finds.

from BBC News - Business https://ift.tt/3h16DRT

Covid: Should I be working from home or going back to the office?

As lockdown restrictions ease gradually across the UK, what are the rules about returning to work?

from BBC News - Business https://ift.tt/3dAoz0F

KPMG's 16,000 UK staff to get more time off work

The accountancy giant is the latest firm to introduce hybrid working after lockdown.

from BBC News - Business https://ift.tt/33ipiAr

Covid: What are my money-back rights for holidays abroad?

Quarantine-free overseas holidays may soon be possible, but what are my refund and travel insurance rights?

from BBC News - Business https://ift.tt/2vYpHL2

Google boss emails staff detailing return to office

In an email, chief executive Sundar Pichai suggests working three days in the office is the way forward.

from BBC News - Business https://ift.tt/3xR68zV

Peloton recalls treadmills after child's death

Home fitness equipment firm recalls Tread and Tread+ machines after six-year-old child pulled under treadmill.

from BBC News - Business https://ift.tt/3eUZ5NU

Goldman Sachs tells bankers to return to office in June

Staff are being encouraged to return to office-based working when Covid restrictions are lifted.

from BBC News - Business https://ift.tt/2RvSWzO

Asda owners to sell 27 forecourts to avoid probe

Regulators had raised concerns about potential price hikes after the Issa brothers bought Asda for £6.6bn.

from BBC News - Business https://ift.tt/2PUtsvs

End of an era for Debenhams as final shops close

The department store will disappear from high streets on 15 May after more than two centuries.

from BBC News - Business https://ift.tt/3ehfNrF

People return to supermarkets as online sales slow

Data firm Nielsen says people are more confident about shopping in supermarkets as restrictions ease.

from BBC News - Business https://ift.tt/3ekhlkx

‘Going out’ gear out and athleisure in for Boohoo

The online retailer said full-year sales jumped 41% as the pandemic boosted demand for loungewear.

from BBC News - Business https://ift.tt/2ShphdN

Tuesday, May 4, 2021

UK and India agree to let more young people in

Up to 3,000 18 to 30-year-olds a year to be allowed to work in each other's countries under a new deal.

from BBC News - Business https://ift.tt/3vHZOZC

Huawei and ZTE left out of India's 5G trials

India has signalled a tighter approach to its mobile networks, which could affect Huawei and ZTE.

from BBC News - Business https://ift.tt/3tkB207

UK supermarkets warn Brazil over Amazon land bill

Almost 40 UK companies say proposed laws could accelerate deforestation in the Amazon region.

from BBC News - Business https://ift.tt/3b1tsBd

Facebook Oversight Board to rule on Trump account ban

The Oversight Board will decide whether the former president can return to Facebook on Wednesday.

from BBC News - Business https://ift.tt/2QKMyoh

Ikea starts buy-back scheme with promise to tackle waste

The service encourages customers to sell back furniture they no longer need in return for vouchers to spend in-store.

from BBC News - Business https://ift.tt/3nV6Ibi

Food giants respond to worries over packaging

The phasing out of single-use plastics gathers pace with big companies adopting alternatives.

from BBC News - Business https://ift.tt/3vFutGK

Bill and Melinda Gates agreed 'separation contract' before announcing divorce

The billionaire couple reportedly agreed how to divide their assets before announcing their divorce.

from BBC News - Business https://ift.tt/3xFpibT

Pfizer expects Covid vaccine demand for years

The US drugs giant says demand for the vaccine is likely to be "durable" in a similar way to flu jabs.

from BBC News - Business https://ift.tt/3tjctAo

Cleaner's angry resignation note sparks flood of support

A cleaner for HSBC bank walked out after 35 years, leaving a note that has gone viral on Twitter.

from BBC News - Business https://ift.tt/33dHBH3

Odeon to reopen most cinemas in May with new safety measures in place

Following rival Cineworld, Odeon plans to reopen sites with new safety measures in place.

from BBC News - Business https://ift.tt/2PNeE1v

Record mortgage borrowing as owners move or improve

Stamp duty holidays and low mortgage rates push borrowing to the highest levels since records began.

from BBC News - Business https://ift.tt/33aO1Xh

HelloFresh sees meal kit demand surge as shift to online continues

The company says it is "confident" it will continue to benefit from the shift to ordering food online.

from BBC News - Business https://ift.tt/3xTj48v

Monday, May 3, 2021

Pandora says laboratory-made diamonds are forever

The world's biggest jeweller says it will no longer use mined diamonds in a bid to become more sustainable.

from BBC News - Business https://ift.tt/3nHJu8o

Investor Warren Buffett names Berkshire Hathaway successor

Company's vice-chairman Greg Abel will take over, but Mr Buffett has no plans to step aside.

from BBC News - Business https://ift.tt/3nMpOA1

'Breathing space' scheme starts for those in problem debt

The new system means people receiving debt advice can be shielded from interest and charges for 60 days.

from BBC News - Business https://ift.tt/2RjvuWc

Microchip shortage: Inside a factory racing to meet demand

Katie Silver tours a microchip factory in Singapore racing to meet demand amid a global shortage.

from BBC News - Business https://ift.tt/3vwdmY2

'More and more people don't want a traditional burial'

With cremations on the rise, firms now offer such things as turning your ashes into artificial reef formations or human compost.

from BBC News - Business https://ift.tt/3ufeXRB

£1bn UK-India trade deals will create 6,000 UK jobs, says PM

New trade deals with India worth about £1bn will create new jobs in the health and tech sectors.

from BBC News - Business https://ift.tt/3aYElno

Hospitality bosses lose court battle over indoor opening

The High Court has ruled in favour of the government in a battle over indoor reopening dates in England.

from BBC News - Business https://ift.tt/338LuNo

Bill and Melinda Gates divorce after 27 years of marriage

In a statement the pair said "we no longer believe we can grow together as a couple".

from BBC News - Business https://ift.tt/3aYxU3I

Vodafone using Google's cloud and AI to retain customers

Telcos are increasingly turning to machine learning, cloud and data analytics to boost revenues.

from BBC News - Business https://ift.tt/3egrfnv

Yahoo sold again in new bid to revive its fortunes

The internet trailblazer is sold as part of a $5bn deal that includes another pioneer, AOL.

from BBC News - Business https://ift.tt/3nGlrXt

Covid: Curbs on foreign holidays should continue beyond May, say MPs

Airports will be a "breeding ground" for Covid with arrivals from all countries mixing, the MPs say.

from BBC News - Business https://ift.tt/3eSQiMr

EU unveils plans for overseas tourists to return

The proposals will allow fully vaccinated non-EU travellers to enter for non-essential purposes.

from BBC News - Business https://ift.tt/3eTJJJD

Millions offered half price broadband from BT

Low-income customers will be offered more than 50% off a fibre broadband package from June.

from BBC News - Business https://ift.tt/33mWbw9

Why can't Google get a grip on rip-off ads?

Shyster websites topped the search results every time during a 12-month BBC investigation.

from BBC News - Business https://ift.tt/3h2HWVj

Sunday, May 2, 2021

Grab: How an Uber killer became a powerful Asian super-app

South East Asian taxi firm Grab is becoming one of Asia's most powerful financial super-apps

from BBC News - Business https://ift.tt/3eQquR6

Rental market unusually uncertain, Nationwide says

The building society's buy-to-let arm says housing preferences shifted during the pandemic.

from BBC News - Business https://ift.tt/2PKLznu

Apple to face Epic Games in court

Epic’s antitrust lawsuit against the tech giant could decide the future of Apple's App Store.

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My Money: 'It feels like a luxury to shop for non-essential items'

Social care worker Sarah takes us through her weekly spending as England's national lockdown lifts.

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Manchester United v Liverpool: Kick-off delayed after fans protest on Old Trafford pitch

Manchester United's home game against Liverpool is delayed after about 200 fans break into their Old Trafford stadium to protest against the Glazer family's ownership of the club.

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Car park operator NCP seeks rent cuts to survive

The company says it will become insolvent if landlords do not agree to cut rents on its 500 sites.

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Saturday, May 1, 2021

Don't trust caller ID on phones, says Ofcom

The service should not be used as a means of verifying identity in the battle against fraud, Ofcom says.

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Sports Direct rated lowest in customer satisfaction survey

The retailer was criticised for its after sales service and product guarantees in the survey of 10,000 shoppers.

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UK-Canada trade rift: What it means for cheese, beef and cars

A pause in talks could mean tougher trading terms for the UK - but what will the impact be on consumers? from BBC News - Business https://...