Saturday, July 31, 2021

Taxi and food discounts offer to boost youth jabs

The government's latest vaccine drive comes as 67% of 18 to 29-year-olds in England have had a first jab.

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Covid: One in five firms plan job cuts as furlough tapers - survey

From Sunday, government payments reduce to 60% towards salaries, with employers paying 20%.

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Heatwave risk from plans to convert shops to homes

Turning more commercial property into homes raises fears of sub-standard conditions, says a report.

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‘Lenders won’t touch us - my home’s worth nothing'

Campaigners say government attempts to unlock parts of the property market paralysed by the cladding crisis have stalled.

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Friday, July 30, 2021

Elon Musk: 'I don't want to be CEO of anything'

Elon Musk reiterated on Friday that he doesn't want to be Space X or Tesla boss. What's going on?

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Employee shortages: Where have all the workers gone?

From hospitality to road haulage, firms say they can't get staff. So are employees now calling the shots?

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'Covid vaccine scammers nearly got me'

Sioban Moore escaped disaster by a whisker after receiving a fake email inviting her for a jab.

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Monzo bank in money laundering rules investigation

Monzo warned investors that the investigation could have a negative impact on the digital bank.

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Amazon hit with $886m fine for alleged data breach

The tech giant rejects claims it has broken European Union data protection laws.

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Eurozone out of recession after economy grows 2%

Data suggests all economies in the 19-country bloc expanded in the last three months.

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British Airways owner IAG to ramp up flights

IAG, which also owns Iberia, says it plans to run at 75% of its 2019 passenger capacity by the end of the year.

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Thursday, July 29, 2021

Didi: Chinese ride-hailing giant denies plans to go private

Didi shares surged by almost 50% in pre-market trade after a report that it planned to go private.

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Dairy giant Arla says driver crisis hitting milk supply

Supermarket supplier Arla Foods says a lorry driver shortage has forced it to cut deliveries by up to 25%.

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"I was asked how often I use the toilet"

Disabled jobseekers have to overcome too many barriers, MPs say.

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Empty shop numbers rise as Covid continues to bite

The number of vacant shops continues to rise after a year of lockdowns, the BRC says.

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Amazon predicts slower sales growth as Covid boost eases

The tech giant says third quarter sales growth will be slower as customers return to physical shops.

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Scarlett Johansson sues Disney over streaming of Black Widow

The star says box office takings for Black Widow were hit when it was streamed at the same time.

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Robinhood has a muted stock market debut

Shares in the online trading platform fell in its first day of trading in a lacklustre debut.

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Shareholder dissent grows over Morrison's takeover bid

More shareholders are coming out against a proposed £6.3bn deal for the supermarket chain.

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Bumble to give staff unlimited paid leave

The dating app's policy is subject to manager approval and comes after the firm shut down for a week.

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US economic growth 'disappoints' as Covid surges

The world's largest economy grew by 6.5% in the second quarter but fell short of forecasts.

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Drug firm fined for huge price rise that hit NHS

Advanz pushed up the price of thyroid tablet packs more than 10-fold, says the competition watchdog.

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Australia house prices soar at 'unsustainable' rate

Six state capitals have seen record prices for the third quarter in a row, the survey said.

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Wednesday, July 28, 2021

Uber slides over reports SoftBank selling 45 million shares

Japan's SoftBank is selling the shares to cover losses in other investments, according to one report.

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Covid: Furlough scheme set to wind down further

Employers will have to contribute more to the job support scheme before it is phased out in September.

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'We lost our life savings in a cryptocurrency scam'

A pensioner caught up in an investment saga lost it all, prompting warnings to others.

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Car production hit by 'pingdemic' and global chip shortage

The UK industry says the demand is there but it is "desperately trying to get back to full capacity".

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Google workers will need Covid jabs to return to office

The search engine says it will roll the policy out globally across its offices in the coming months.

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Facebook warns growth set to slow 'significantly'

The technology giant said on Wednesday that the third and fourth quarters would see advertising sales drop.

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International cruises to restart from UK

Quarantine for fully vaccinated arrivals from US and EU to UK ports also waived.

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US economic recovery 'making progress', says Fed

Widespread vaccinations have helped boost the economy and employment, the US central bank says.

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Oculus recalls Quest 2 headset pads after skin rashes

Quest 2 headset owners are urged to claim a free silicone cover to avoid skin issues.

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Housing market cools as stamp duty break withdrawn

UK house prices still rose by 10.5% compared with a year ago, Nationwide building society says.

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Sheffield Forgemasters: Ministry of Defence to acquire steel firm

Sheffield Forgemasters will see up to £400m of investment in the next decade, the government says.

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Cannabis part of the future says tobacco giant

British American Tobacco says its future lies in getting people to switch to nicotine alternatives.

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Honda workers in Swindon to face 'reality check' after it closes

Swindon car plant prepares to stop production on July 30 after 35 years of production.

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Tuesday, July 27, 2021

Food distributors complain of lack of detail over Covid tests

Smaller food delivery services say they have been left in the dark over the new Covid daily testing plans.

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Barbie maker Mattel warns of higher prices as costs rise

Toy giant Mattel made the comments as it announced better than expected quarterly sales.

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Electric car charging prices 'must be fair' say MPs

Consumers should not have to pay excessive prices to use public car charging, MPs say.

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Fully-jabbed from EU and US could avoid quarantine

Senior cabinet ministers are due to discuss the move for arrivals to England in a meeting on Wednesday.

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Can better tech make video meetings less excruciating?

Technology firms are scrambling to add new features but will video calls improve.

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Tech giants' profits soar as pandemic boom continues

Apple, Google parent company Alphabet and Microsoft report soaring quarterly profits.

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Morrisons' shareholder will not back takeover bid

Silchester International says it is not inclined to support a £6.3bn deal for the supermarket chain.

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Vaccine access deepens divide between rich and poor nations

Economic prospects have diverged further due to differing access to Covid vaccines, the IMF says.

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Tesco offers £1,000 joining bonus for HGV drivers

The supermarket chain is deploying the recruitment tactic amid a shortage in lorry drivers.

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Bid for better bailiffs as pandemic debts rise

A plan is agreed to reduce aggressive debt collection, although charities still want statutory regulation.

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Activision staff condemn firm's response to harassment claims

About 1,000 Activision Blizzard staff sign a letter describing managers' response as insulting.

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Covid: Insurance threat for pinged holidaymakers

Some travel insurance policies will not cover cancellation costs for travellers told to self-isolate.

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Stain remover demand rises as distancing shrinks

Vanish-maker Reckitt Benckiser says the end of social distancing has led to a focus on appearance.

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

Monday, July 26, 2021

China stocks see biggest slump in US since 2008 financial crisis

The value of New York-listed Chinese companies has plummeted after a series of crackdowns by Beijing.

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Bezos' $2bn offer to get back in race to the Moon

The billionaire offers to pay $2bn in Nasa costs to be reconsidered for a key Moon lander contract.

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House prices at new high as buyers seek more space

Strong demand for houses will last into 2022 as buyers react to the pandemic, says property website Zoopla.

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Why remote working leaves us vulnerable to cyber-attacks

Experts warn working from home has led to complacency over security protocols

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Tesla profit surge driven by record car deliveries

The electric carmaker's revenues nearly doubled in the three months to 30 June compared with last year.

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Covid: More pinged workers eligible for daily tests instead of isolation

Waste workers, prison staff and defence workers will be able to avoid isolation, the government says.

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UK defence firm bid monitored by government

The government says it will monitor the proposed sale of Ultra Electronics to US equity-owned Cobham.

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Jaguar Land Rover owner Tata Motors feels chip shortage strain

Tata Motors sees losses narrow, but warns that a lack of semiconductors could halve car production.

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Amazon Bitcoin job ad boosts cryptocurrency surge

News Amazon is hiring a digital-currency expert has helped boost the value of Bitcoin.

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Tesco Bank to close all its current accounts

The bank says most of the current accounts have limited activity and are not being used.

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Ministers consider blocking China's role in UK nuclear power

The move, amid rising tensions with Beijing, could impact the development of a plant in Suffolk.

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

Marlboro maker Philip Morris could stop selling cigarettes in UK

Tobacco giant Philip Morris says the brand could disappear from shops in 10 years' time.

from BBC News - Business https://ift.tt/2UG3xtX

Heathrow warns of further fall in passenger numbers

The airport says it could see even fewer travellers in 2021 due to testing requirements and restrictions.

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Shares in Chinese online tutoring firms slump after shake-up

It is one of the biggest ever overhauls of China's $120bn private tutoring industry.

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Sunday, July 25, 2021

Tencent shares slide after Beijing crackdown on music rights

China's market watchdog said the technology giant broke the country's anti-competition rules.

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Covid: 'I earned less, but spent the same'

A new Couch to Financial Fitness programme aims to help people organise their finances post-pandemic.

from BBC News - Business https://ift.tt/3eX22OR

Government pingdemic response chaotic, say food supply firms

Supply firms are having to fight to keep food on supermarket shelves, an industry body warns.

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Saturday, July 24, 2021

The experiences replacing closed High Street stores

Go-karts, bowling alleys and eateries have taken the place of closed retailers on the High Street.

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Friday, July 23, 2021

Covid-19: More testing sites for key workers to avoid isolation in England

Police, transport, freight and fire workers will be able to join the daily contact testing scheme.

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Covid: The holiday makers having to self-isolate abroad

Some holidaymakers who tested positive for Covid while abroad are having to stay and self-isolate.

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Covid: New testing plan will not work, says CBI

The industry body criticises government plans that allow some key staff to bypass the NHS Covid app.

from BBC News - Business https://ift.tt/3kNR7ul

Rail services face cuts as staff self-isolate

Operators say they may have to run fewer trains as more employees are hit by the "pingdemic".

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Firm fined £2.6m for claiming clothes prevent Covid

Australian activewear company Lorna Jane is branded "exploitative" and "predatory" by a judge.

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Rural vacuum for getting hold of cash

People living in rural areas have less chance of withdrawing or depositing cash nearby, research finds.

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Thursday, July 22, 2021

Euro 2020 boosts food and drink retail sales

Sales rose by 0.5% as millions stocked up on food and drink to watch the Euro 2020 football tournament.

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India food delivery giant Zomato sees stellar stock market debut

Shares in the Ant Group-backed company traded more than 80% higher than their initial public offering price.

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Didi shares fall on reports China is planning penalties

The ride-hailing giant's shares are now down by more than 25% since their New York market debut last month.

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Road planners 'can ignore climate change'

Government guidelines mean road planners can effectively ignore climate change, campaigners say.

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Twitter and Snap add users as restrictions ease

The social media companies passed analysts' expectations with their latest financial update.

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How global conferences are using tech to stay in business

Moving events online kept the industry going during the pandemic and now they're here to stay.

from BBC News - Business https://ift.tt/2UB4t2n

UK food workers to be exempt from Covid isolation

Key parts of the food industry will move to daily Covid testing, the government says, after isolating workers led to supply shortages.

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

Major websites hit by global outage

Dozens of popular websites have been knocked offline.

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Fashion for Crocs continues to break records

The chunky shoe's sales nearly doubled in the three months to the end of June compared with last year.

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UK tech giant founder Mike Lynch can be extradited to US

Lawyers for Autonomy's founder, Mike Lynch, say he will fight the US authorities' bid to try him for fraud.

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Inflation spike temporary, says BoE deputy governor

The recent pick up in price rises is not expected to last, says Bank of England deputy Ben Broadbent.

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Post Office scandal: Postmasters to get up to £100,000

Subpostmasters wrongly convicted of offences during the Horizon scandal will receive up to £100,000.

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Heatwave: The worst jobs to have as temperatures soar

Not all jobs are equal when it comes to working in extreme heat, but which are the worst?

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Hackers reportedly demand $50m from Saudi Aramco over data leak

The world's most valuable oil producer confirmed to the BBC that company files had been leaked.

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Covid: Shops try to keep shelves stocked as more staff isolate

The government must "act fast" to avoid disruption to food supply, the British Retail Consortium says.

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Wednesday, July 21, 2021

Bitcoin climbs as Elon Musk says Tesla 'likely' to accept it again

The firm had said in May it would no longer accept the cryptocurrency over environmental concerns.

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Charity, dating and pet spending booms, says Nationwide

People have been spending more on non-essentials as Covid restrictions ease, Nationwide says.

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CEO Secrets: 'Four-day weeks are good for business'

CEO Joe Munns says giving his workers a three-day weekend makes them happier and more productive.

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

Nord Stream 2: US and Germany reach deal on controversial Russian gas pipeline

The US says the agreement prevents Russia from using the pipeline as a political weapon over Europe.

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Opioid crisis: US drug giants reach $26bn settlement

Four drug-makers and distributors have agreed to pay the sum to settle thousands of government lawsuits.

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NHS workers in England offered 3% pay rise

Nurses and other NHS workers will get the award "in recognition of the unique impact of pandemic" on staff.

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Fewer flat buyers to face pre-mortgage cladding checks, says Robert Jenrick

Lenders agree to change applications for loans involving buildings below 18m high, the government says.

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BP: Lorry driver shortages closing some sites temporarily

The oil firm says the "vast majority" of shortages were being "resolved within a day".

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'Catastrophic' backlog at driving licence body, warns union

MPs are told bad decisions by DVLA managers resulted in a "catastrophic" processing backlog of 1.4 million cases.

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UK property sales at new record as boom peaks

Sales surged during June but analysts say the property boom has peaked as stamp duty holidays are withdrawn.

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China: Taobao, Weibo fined for illegal child content

Major online platforms like Weibo, Taobao and QQ have been fined and ordered to "clean up".

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Next shoppers splurge on summer clothes as weather heats up

The retailer upgrades profits forecast and repays some business rates relief after seeing a summer sales surge.

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Gold attracts young investors trading online, says The Royal Mint

The Royal Mint records a rise in profits aided by a fivefold increase in gold investment by young adults.

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Tuesday, July 20, 2021

UK government borrowing falls in June

Despite a fall, borrowing was still the second-highest on record for June as Covid spending continues.

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M&S warns of higher prices and less choice in Northern Ireland

Chairman Archie Norman is urging the government to act to prevent "pointless" customs checks.

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JP Morgan: US banking giant gives boss 'special award'

The award to Jamie Dimon is to persuade him to lead the company for a "significant number of years.

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EU plans to make Bitcoin transfers more traceable

Companies handling crypto-assets would have to collect customer details.

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Is there a solution to the hospitality staff crisis?

Aside from Covid and Brexit, are there other reasons for the shortage of hospitality workers?

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Netflix to include mobile games for subscribers

The firm said on Tuesday that the "time is right to learn more about how our members value games".

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The little tech firm gunning for an airspeed record

Electroflight has built the E-NXT which it hopes will break the electric airspeed record.

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Covid: Officers told not to check green and amber arrivals, union says

Passenger locator forms and mandatory tests will not be routinely reviewed in England, a union claims.

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Apple delays return to office as Covid cases rise

A three-day-a-week return to the office is reportedly postponed until October.

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Travel firms lose court bid on traffic light list

Decisions taken by the government on the traffic light travel list were not unlawful, judges rule.

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Nike halts footwear production due to Covid outbreak

Nike could run out of its Vietnamese-made trainers because of a rise in Covid infections in the region.

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

Israel PM warns Ben & Jerry's owner Unilever of consequences over sales ban

The ice cream maker's parent company Unilever is told "strong action" will be taken against boycotts.

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Covid: Food industry calls for isolation rules exemption

Several industries are lobbying the government for their staff to be classed as critical workers.

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Women's state pension: Compensation closer for Waspi campaigners

The government was too slow to tell women they would be directly affected by the rising state pension age.

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HMV backs High Street with plans for 10 new stores

The music chain's owner says people love shopping and want to touch goods before buying.

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Prospect of Morrisons bidding war recedes

US investment firm Apollo, which was considering making an offer, has now changed its mind.

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Monday, July 19, 2021

Northern's self-service ticket machines hit by ransomware cyber attack

Northern rail's new self-service machines were installed at 420 stations two months ago.

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Using plastic waste to help solve sand shortages

With construction sand in short supply crushed plastic is being used as an alternative.

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

David Cameron lacked judgement over Greensill, MPs' report says

David Cameron showed a lack of judgement when he informally lobbied on behalf of Greensill Capital, MPs say.

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

Covid: Isolation rules loosened for critical workers

People performing "critical" tasks including air traffic controllers will still be able to work under new rules.

from BBC News - Business https://ift.tt/3Bi2UHe

Writing fake online reviews could be made illegal

The government is proposing law changes to stop people being exploited by businesses online.

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

China accused of cyber-attack on Microsoft Exchange servers

The UK, US and EU have accused China of carrying out an attack on Microsoft Exchange email servers.

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

Ben & Jerry's to stop sales in Palestinian territories

The ice-cream maker said it was “inconsistent with our values” to continue selling products in the region.

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

Two jabs needed to enter nightclubs from September

People will need to be fully vaccinated to enter venues where large crowds gather from September.

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

Zoom bets billions on hybrid working in Five9 deal

The firm announces a $14.7bn (£10.7bn) deal to buy Five9, a cloud-based call centre operator.

from BBC News - Business https://ift.tt/3wKis32

Global shares slide amid Covid economic recovery fears

Stock markets in the UK, the US and Europe fall on concerns that rising cases may impede a recovery.

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Post Office Horizon scandal: More subpostmasters cleared

The Court of Appeal clears 12 more former subpostmasters who were wrongly convicted.

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Greene King closes 33 pubs amid 'pingdemic'

The company warns staff shortages could get worst as more people are forced to self-isolate.

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Sunday, July 18, 2021

Carlos Ghosn: Father and son sentenced for helping ex-Nissan boss escape

Michael and Peter Taylor were convicted of helping ex-Nissan boss Carlos Ghosn escape Japan in 2019.

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Covid: Face mask rules relax but what do workers think?

It is no longer a legal requirement to wear a face covering in England, but some employees are nervous.

from BBC News - Business https://ift.tt/36KlWrM

Thousands of orders cancelled after Ocado robot fire

The online grocer says the blaze was caused by a collision between robots at one of its warehouses.

from BBC News - Business https://ift.tt/3kxi4CE

Oil producing nations agree deal to control prices

The Opec cartel and Russia will boost supply which should see petrol prices at the pumps come down.

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

Covid: 'Pingdemic' threatens shop openings say supermarkets

M&S says it may have to reduce opening hours if more workers are forced to self-isolate.

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'It felt like now's my moment for a new career'

Covid lockdowns have led to a boom in the number of people retraining and starting up new businesses.

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

Saturday, July 17, 2021

Covid: Travel firms angry over France quarantine rule

The continued need for travellers to quarantine on arrival in England and Wales undermines confidence, tourism groups say.

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Friday, July 16, 2021

Why the Scouts are launching a money badge after Covid

Why Scouts are lending a hand on tackling financial literacy in the wake of the pandemic.

from BBC News - Business https://ift.tt/3BbS6dz

Craft beer industry accused of being 'sexist boys' club'

Independent beer makers have promised reform following allegations of discrimination and harassment.

from BBC News - Business https://ift.tt/2VHYV6s

Covid: Fully jabbed UK arrivals from France must still quarantine

A planned relaxation of rules on Monday will not apply due to cases of the Beta variant, the government says.

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

Uber will continue to require riders to wear masks

The ride-hailing firm says passengers will still need to wear a face covering after rules relax on Monday.

from BBC News - Business https://ift.tt/3z7mjsq

Hong Kong: US to issue warning on business risks

The US is set to issue an advisory for businesses after China imposed a national security law there last year.

from BBC News - Business https://ift.tt/3ermA1E

Warnings grow about staff forced to self-isolate

Alarm mounts over fears of a "surge" in workers and medical staff forced to quarantine after being "pinged".

from BBC News - Business https://ift.tt/3z3nc5f

Petrol prices at eight-year high, says AA

Prices hit the highest since October 2013 amid forecasts of a very busy summer on UK roads.

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

Five ways for firms to reach customers with disabilities

Five ways to rethink how businesses can reach customers with disabilities.

from BBC News - Business https://ift.tt/3eHK9DF

Drugs giant GSK plans to create up to 5,000 jobs in new UK hub

GSK aims to expand its Stevenage facility to create one of the largest life sciences sites in Europe.

from BBC News - Business https://ift.tt/3z5yQgg

Thursday, July 15, 2021

Entire whisky distillery ships out to China

More than 35 tonnes of production equipment is leaving Scotland for the port of Tianjin under a £3m deal.

from BBC News - Business https://ift.tt/3z32DWN

Covid staff shortage could shut meat production lines

The industry has warned of shortages as one in 10 staff are told to isolate by the NHS Covid app

from BBC News - Business https://ift.tt/3knSJe5

Covid: Al fresco dining to become a High Street fixture in England

Pavement licences are to be extended and takeaway pints will continue for another year to help the sector.

from BBC News - Business https://ift.tt/3ie13uu

Small shops face £1.7bn debt mountain, says report

The warning is in the latest report on the future of High Streets by former retail chief Bill Grimsey.

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

Goldman Sachs to require staff to wear masks from Monday

The banking giant hopes 70% of UK staff will return to its London office in the coming weeks.

from BBC News - Business https://ift.tt/3z65LRw

Should we trust big tech with our health data?

Our medical records are in demand by tech firms who want to use the data to help tackle illnesses.

from BBC News - Business https://ift.tt/3rb5EBE

Covid: Foreign Office still advising against travel to countries set to turn green

Both will be added to the UK's green list on Monday, but the foreign office still advises against travel.

from BBC News - Business https://ift.tt/3ko4Bgo

Revolut becomes most valuable UK start-up after £24bn valuation

Revolut's latest valuation has made its Russia-born boss Nik Storonsky a multibillionaire.

from BBC News - Business https://ift.tt/2VLc3b8

Nissan sees 10% of workforce told to self-isolate

Up to 700 workers are sent home from its Sunderland plant after being alerted by the NHS app.

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

Biggest rent rises in commuter and coastal towns

City centre rents show signs of increasing again as the easing of Covid restrictions sees demand rise.

from BBC News - Business https://ift.tt/3wB3gFq

CEO Secrets: 'Don't sell your technology too early'

The CEO of an eco-friendly textiles firm advises holding out for the biggest customer you can find

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

Wednesday, July 14, 2021

UK job vacancies climb past pre-pandemic levels

New figures show the number of vacancies is 77,500 higher compared to the beginning of last year.

from BBC News - Business https://ift.tt/3B3mQO3

MPs call for complete reset of music streaming to ensure fair pay for artists

The music industry is weighted against artists, who see "pitiful returns" from streaming, MPs say.

from BBC News - Business https://ift.tt/3idri42

Korindo: Korean palm oil giant stripped of sustainability status

A BBC investigation found Korindo been buying up and burning swathes of Asia's largest rainforests.

from BBC News - Business https://ift.tt/3r8QcpH

China's post-pandemic economic rebound loses steam

The world's second largest economy grew by 7.9% in the second quarter compared to a year earlier.

from BBC News - Business https://ift.tt/3ig8rpf

Mastercard: India stops payment service provider from issuing cards

India's central bank says Mastercard violated an order directing payments data to be stored locally.

from BBC News - Business https://ift.tt/3z0MCjY

Mortgages refused for self-employed who took Covid grants

Mortgage brokers say self employed and furloughed workers are being turned down by some high street lenders.

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

Insurers plan green replacements for car and property write-offs

Written off or stolen petrol cars could be replaced with electric vehicles, as part of a wide-ranging eco-plan.

from BBC News - Business https://ift.tt/3kjv26X

Why the US is launching a $300 monthly child benefit

The payments will go to about 39 million households, according to the US Treasury Department and the IRS.

from BBC News - Business https://ift.tt/37eJbLi

Masks 'expected' to be worn in shops after 19 July

The government says shoppers will still be expected to wear to masks but it won't be a legal requirement.

from BBC News - Business https://ift.tt/2U3lLoU

John Lewis and Waitrose plan to cut 1,000 jobs

John Lewis and Waitrose want to make the cuts as part of a shake-up of store management.

from BBC News - Business https://ift.tt/3i7ygHY

Waterstones to encourage shoppers to wear masks in stores

Bookseller is one of the first major chains to state policy for shops, but its stance attracts a mixed response.

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

North West England leads housing boom with prices up 15%

Official figures show property prices also rising rapidly in Scotland, Wales and the North East of England.

from BBC News - Business https://ift.tt/36zfC6f

Tuesday, July 13, 2021

Price rises speed up again as economy unlocks

The inflation rate hit 2.5% in June, exceeding the Bank of England's target for a second month.

from BBC News - Business https://ift.tt/36zNEHE

Zomato: India food delivery unicorn opens $1.2bn IPO

Zomato is the first Indian digital start-up to go public - expectations are high but analysts are wary.

from BBC News - Business https://ift.tt/3hD1S0N

US warns businesses over China's Xinjiang province

The announcement comes as the West hardens its stance over alleged human rights abuses in the region.

from BBC News - Business https://ift.tt/2TZlyD7

How your driving might reveal early signs of Alzheimer's

Research shows how small changes in the way you drive could expose preclinical signs of disease.

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

Covid: Planned redundancies at lowest level since 2015

Figures suggest employers are keeping workers despite the winding down of the furlough scheme

from BBC News - Business https://ift.tt/3B3QNh4

Carry on flying, says government green plan

The policy has been ridiculed by environmentalists who say the government is putting too much faith in innovation.

from BBC News - Business https://ift.tt/3i5BsDO

Ex-Nissan boss Carlos Ghosn: How I escaped Japan in a box

The former boss of Nissan and Renault reveals how evaded house arrest to flee to Lebanon.

from BBC News - Business https://ift.tt/3wDVTx5

Covid: Masks to remain compulsory on London transport

Sadiq Khan says commuters will be required to wear face coverings on TfL services after 19 July.

from BBC News - Business https://ift.tt/2T7Of02

McDonald's owners offer childcare to lure staff

The burger giant's restaurants have been struggling to hire after making staff redundant last year.

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

Firms don't plan to rush back to offices on Monday

Businesses to keep a cautious approach to bringing staff back as Covid restrictions are lifted in England.

from BBC News - Business https://ift.tt/2UEvxh0

Inflation: Used cars and food push US prices higher

Consumer prices in the US rose 5.4% in the 12 months ending in June, official data show.

from BBC News - Business https://ift.tt/3yRz2zl

Confusion for nightclubs over Covid pass policy

The government is being disingenuous by saying its guidance is voluntary, says an industry spokesman.

from BBC News - Business https://ift.tt/3AVWA8f

UK banks emerging from pandemic in good health, says report

The latest Bank of England report into financial risks says consumers and firms will still need support.

from BBC News - Business https://ift.tt/2U3zQCA

Monday, July 12, 2021

Flipkart: India online retail giant raises $3.6bn in latest funding round

This brings the Walmart-backed firm's value to almost $38bn ahead of its expected market debut.

from BBC News - Business https://ift.tt/3kpE6Y3

Covid: Bus and train firms must decide whether to mandate masks

Masks will not be legally required on public transport when Covid restrictions are eased in England.

from BBC News - Business https://ift.tt/3r5V0fh

Springtime bounceback lifts High Streets to record growth

High Street sales from April to June grew at the fastest pace on record, industry figures indicate.

from BBC News - Business https://ift.tt/3hzX3p5

Voice cloning of growing interest to actors and cybercriminals

Why voice cloning is not just a threat to actors but could benefit cybercriminals too.

from BBC News - Business https://ift.tt/3e4yaja

Tesla: Elon Musk ‘rather hates’ being company boss

Speaking in court on Monday, the entrepreneur said he prefers spending time on design and engineering.

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

Truck driver visa options under discussion

The government mulls how to deal with a lack of drivers amid warnings of food supply problems.

from BBC News - Business https://ift.tt/3AUBWp6

EU puts its digital tax plan on ice

The EU says suspending the plan will help achieve a global tax deal, but Ireland is still unhappy.

from BBC News - Business https://ift.tt/3i2ViiV

Nightclubs and large events advised to ask for vaccine passports

Those attending clubs and other large events should be asked for proof they have had their jabs, says health secretary.

from BBC News - Business https://ift.tt/2U2POwD

Virgin Galactic may sell $500m of shares after space success

The company filed to sell up to $500m (£360m) in stock the day after its founder reached the edge of space.

from BBC News - Business https://ift.tt/2UIY19b

Heathrow's long queues blamed on self-isolating staff

Terminal 5 sees long queues at security because staff were told to self-isolate by the NHS app.

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

Super Mario 64 game sells for record-breaking $1.5m at auction

An original Zelda cartridge and a Mario game set successive records at auction within days.

from BBC News - Business https://ift.tt/3e8IYwA

Daily Mail: Rothermere family considers bid to take news group private

The family, which owns 28% of the group, is looking to buy the rest of the news organisation.

from BBC News - Business https://ift.tt/3ASRv0o

Sunday, July 11, 2021

Taiwan tech giants Foxconn and TSMC to buy 10m Covid jabs

The government has come under intense pressure to speed up its vaccine programme.

from BBC News - Business https://ift.tt/3xBW8tw

Virgin Galactic: Sir Richard Branson rockets to the edge of space

The UK businessman realises a lifetime's ambition by riding a rocket plane high into the sky.

from BBC News - Business https://ift.tt/3k2QAVb

G20 finance ministers back deal to tax companies

The plan aims to make companies pay their "fair share" by setting a minimum global tax rate.

from BBC News - Business https://ift.tt/3kaDd5v

Almost half of staff care less about their careers since Covid

More of us worry about work-related burnout since the start of the pandemic, a study by Aviva shows.

from BBC News - Business https://ift.tt/36wdYm6

CBI employers group calls for early end to self-isolation rules

The CBI says it would ease staff shortages and help make the economic reopening "confident" rather than "anxious".

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

Saturday, July 10, 2021

Electric cars: Man named after service station plans motorway ‘revolution’

A man named after Toddington services on the M1 promises to install hundreds of new charge points for electric vehicles.

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

Friday, July 9, 2021

Classic Football Shirts warns customers of scam

The firm, which has 450,000 Instagram followers, says customers' data was accessed in recent weeks.

from BBC News - Business https://ift.tt/3APbT2z

'My music is always there when I need it'

Music fans explain why they wouldn't part with their vinyl and CDs, despite the rise of streaming.

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

From living in a tent to financial independence

Schemes helping homeless people lacking IDs to get bank accounts are transforming hundreds of lives.

from BBC News - Business https://ift.tt/3hwk501

Why strawberry experts are hoping to serve up an Ace

How a new variety of championship berry may help farmers survive Brexit and the pandemic.

from BBC News - Business https://ift.tt/2TMh56H

Biden to sign new order cracking down on Big Tech

The executive order will include measures on boosting competition across several sectors, including travel.

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

Holiday firms launch legal action over travel lists

Group including Ryanair and BA wants more government transparency over Covid travel rules.

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

Calls grow for extra bank holiday if England win

Firms are also being asked to be flexible by allowing workers to start later where possible.

from BBC News - Business https://ift.tt/3AEWy4x

Mothers lose fight against two-child benefit limit

They had argued the policy breached their human rights, but the Supreme Court dismissed their case.

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

Thursday, July 8, 2021

Hospitality gives UK economy a boost in May

Economic output grows 0.8% in May helped by pubs and restaurants serving customers indoors.

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

Toyota halts donations to Republican election objectors

The Japanese car maker donated $56,000 to Republicans who tried to block certification of Biden's win.

from BBC News - Business https://ift.tt/3hSAkn2

Bookings surge after Covid quarantine rules relaxed

Airlines say bookings increase after the government removed quarantine rules on amber-list countries.

from BBC News - Business https://ift.tt/3xsl4Ur

Sainsbury's stops selling CDs and DVDs

The supermarket giant says its customers increasingly go online for their entertainment.

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

How de-cluttering grew Facebook Marketplace to 1bn users

As Covid shut charity shops thrifty second-hand traders shifted online to bag a bargain, in droves.

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

Fyre Festival ticket-holders proposed payout slashed

Ticket-holders of the now infamous 2017 festival disaster are set to receive about $281 (£204) each.

from BBC News - Business https://ift.tt/2THe2N3

Purdue signs deal on opioid settlement with 15 states

Fifteen US states dropped their opposition to a bankruptcy plan for the OxyContin-maker Purdue Pharma.

from BBC News - Business https://ift.tt/3jWAk84

Vauxhall owner Stellantis to invest €30bn in electric vehicles

Stellantis, which also owns Peugeot and Fiat, will invest the money on cars and battery factories by 2025.

from BBC News - Business https://ift.tt/3yF8bq3

Lloyds fined for nine million misleading insurance letters

The bank claimed in the letters that insurance renewal quotes being offered were a "competitive price".

from BBC News - Business https://ift.tt/2Vqz5UF

German carmakers fined over emissions 'cartel'

VW and BMW fined €875m by the European Commission colluded to restrict emissions cleaning technology.

from BBC News - Business https://ift.tt/2UvGD87

Apple founder Steve Wozniak backs right-to-repair movement

"We wouldn't have had an Apple had I not grown up in a very open technology world," Mr Wozniak said.

from BBC News - Business https://ift.tt/3i3BHPZ

Job not done on holiday rules, say travel chiefs

The industry cautiously welcomes the relaxation for amber-list countries, but says there is more to do.

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

Chancellor Rishi Sunak under pressure over state pension rise

Rishi Sunak says a decision on the future of the triple lock promise will be "based on fairness".

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

UK to see economic bounce from Euros, says Rishi Sunak

Consumer confidence is returning after lockdown and "football just adds to it", the chancellor says.

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

Cairn Energy gets right to seize Indian assets in tax row

The oil and gas firm gets backing from French court in tax row with Indian government.

from BBC News - Business https://ift.tt/3ACs96N

Wednesday, July 7, 2021

Chinese ride-hailing firm Didi sued in US as shares slide

The lawsuits come after a crackdown by Beijing triggered a slump in its share price of more than 20%.

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

Newport Wafer Fab: Chip plant's purchase by Chinese company reviewed

Boris Johnson's national security adviser is examining the purchase of Newport Wafer Fab.

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

House prices set to continue rising as supply shrinks

A lack of available properties will continue to help push house prices up, according to surveyors.

from BBC News - Business https://ift.tt/2V9vJVG

Demand for staff grows at record rate, survey finds

Demand for staff in June grew at its fastest rate since 1997, a survey of recruitment firms suggests.

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

CEO Secrets: CitizenLab founder shares her business advice

Aline Muylaert, co-founder of e-democracy platform CitizenLab, shares her business advice.

from BBC News - Business https://ift.tt/3hmnLB7

Ever Given: Ship that blocked Suez Canal sets sail after deal signed

The megaship Ever Given is finally leaving the Suez Canal after a deal is struck with Egypt.

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

Gates Foundation agrees break-up back-up plan

The deal would give Melinda Gates the option to resign and receive "personal resources" for further charity work.

from BBC News - Business https://ift.tt/3xsxP1d

Trump sues Twitter, Google and Facebook alleging 'censorship'

The former president's accounts were suspended over safety concerns after the Capitol riots.

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

Lorry drivers able to work longer hours to address shortage

Grant Shapps says the move will ease a driver shortage, but the industry calls it a sticking plaster.

from BBC News - Business https://ift.tt/3ytxw6o

Warnings of staff shortages due to self-isolation

Business groups say the delay in easing self-isolation rules will hit firms that rely on young workers.

from BBC News - Business https://ift.tt/3ytWD9c

Brewdog defies watchdog to reuse banned ad again

The firm's ad was banned by watchdog for making general health claims not allowed for alcoholic drinks.

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

Wetherspoons warns price of meals to rise if VAT goes up

The pub chain says it will put up the price of meals in its pubs if a VAT cut for hospitality is not extended.

from BBC News - Business https://ift.tt/3hLjFS8

House prices dip as stamp duty holiday ends

The start of phasing out of the stamp duty holiday led to house prices dipping 0.5% in June

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

Tuesday, July 6, 2021

Global chip shortage: Samsung forecasts 53% jump in quarterly profit

Demand for electronic components has surged as people are shifting more of their lives online.

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

Covid: Heathrow to trial fast-tracking vaccinated arrivals

British Airways and Virgin Atlantic have teamed up with the UK's biggest airport for the pilot scheme.

from BBC News - Business https://ift.tt/3hnuA5q

Government showed 'unusual' interest in Greensill

Greensill's loans to GFG Alliance companies prompted the British Business Bank to suspend its lending.

from BBC News - Business https://ift.tt/3wgr2GA

Brewdog Instagram ad banned for misleading health claims

The brewery company made general health claims that are not allowed for alcoholic drink promotions.

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

Customers fed up with Covid excuse for bad service

Complaints about poor customer service have risen to their highest level for 12 years, a survey says.

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

Britishvolt gigafactory: 'Game changer' car battery plant approved

The "gigafactory" at the site of a former power station will create 3,000 jobs, it is claimed.

from BBC News - Business https://ift.tt/3Ax9w4f

Lancing Ikea: Plans for new store halted over 'changing shopping habits'

Ikea drops plans for a store in West Sussex, saying online shopping has grown during the pandemic.

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

Pentagon cancels $10bn 'Jedi' contract

The US defence department is scrapping a cloud computing contract, which sparked a row between Amazon and Microsoft.

from BBC News - Business https://ift.tt/3qO0OtQ

Didi shares plunge amid China tech crackdown

Tuesday marked the first US trading day since Chinese regulators banned Didi's platform from app stores.

from BBC News - Business https://ift.tt/3hF1iyh

Some firms to insist customers and staff still wear face masks

Some customers will still be asked to wear face masks even after it becomes a "personal choice" on 19 July.

from BBC News - Business https://ift.tt/36vcsAJ

Euro 2020: Pubs to stay open later for final on Sunday

Premises will be able to stay open until 11.15pm, in case the game goes to extra time and penalties.

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

British Airways data-breach compensation claim settled

Thousands of people are to receive compensation over a 2018 data breach at British Airways.

from BBC News - Business https://ift.tt/3hk4BMh

State pension: Why the triple lock debate will get more heated

Predictions suggest the state pension could rise by 8% next year owing to the triple lock guarantee.

from BBC News - Business https://ift.tt/2V3jcDa

Public finances vulnerable to shocks after Covid, says watchdog

Government debt has soared as the costs of Covid mount, says the Office for Budgetary Responsibility.

from BBC News - Business https://ift.tt/3jL3oPI

Shopping getting back to normal, say Sainsbury's and Ocado

The supermarket and online grocer Ocado say there are signs of pre-Covid shopping habits returning.

from BBC News - Business https://ift.tt/3xk5kmn

Welsh semiconductor firm bought by Chinese company

Electronic firm Newport Wafer Fab began producing silicon chips in the 1980s.

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

Monday, July 5, 2021

Hong Kong defends privacy law after Big Tech raises concerns

An industry body has warned that tech companies could stop offering services if the new law goes ahead.

from BBC News - Business https://ift.tt/3hj0rUS

How to get a lucrative job in cybersecurity

There's a serious shortage of IT security workers, so recruiters are fishing in a bigger pool.

from BBC News - Business https://ift.tt/2VaR4y9

Is the use of jetpacks finally about to take off?

Members of the public can now pay to fly through the air like a superhero.

from BBC News - Business https://ift.tt/36cRyG9

Vauxhall to build electric vans at Ellesmere Port

The car manufacturer is expected to confirm plans to make electric vans.

from BBC News - Business https://ift.tt/3hGC9TI

What next for the NHS Covid-19 contact tracing app?

Some businesses are complaining that the app for England and Wales is issuing too many alerts.

from BBC News - Business https://ift.tt/3wj5oRW

Four day week 'an overwhelming success' in Iceland

The majority of workers in Iceland now look set to move to shorter hours for the same pay.

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

Back to the office in two weeks' time, says PM

Employers can plan for workers to return to offices from 19 July, the government says.

from BBC News - Business https://ift.tt/3yn9V7q

Van sales soar amid home delivery boom

While demand for vans rises, new car sales remain sluggish as computer chip shortages limit supplies.

from BBC News - Business https://ift.tt/2TtgXc5

Ever Given: Egypt agrees deal to release ship that blocked Suez Canal

Egypt agrees a compensation deal with the impounded Ever Given's owners and insurers.

from BBC News - Business https://ift.tt/36fSTfA

Dropping face mask rules is gross negligence, says Unite union

Public transport workers will be at risk of infection if rules are dropped, the Unite union says.

from BBC News - Business https://ift.tt/2TBcS5A

Morrisons could see rival offer days after agreeing £6.3bn takeover

Apollo Global says it is considering a bid, days after the UK supermarket agreed to a £6.3bn takeover.

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

Sunday, July 4, 2021

Jeff Bezos steps down as Amazon boss

As Bezos leaves his role as CEO, those who have worked with him ponder the lessons learned.

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

Vitasoy: Beverage maker's shares plunge after China calls for boycott

It comes after a staff member sent their condolences to the family of a man who stabbed a policeman.

from BBC News - Business https://ift.tt/3xhitN6

Australia's Sydney Airport gets $16.7bn takeover offer

The firm's shares soared as the move is seen as confidence in air travel recovering from the pandemic.

from BBC News - Business https://ift.tt/36d6ZhD

Grenfell prompts creation of building safety regulator

The new watchdog will be able to prosecute rule-breaking developers and take their properties off the market.

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

Didi ordered off China's app stores by nation's cyber regulator

The ride-hailing app is facing regulatory problems at home, days after its New York share launch.

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

John Lewis plans to build 10,000 rental homes

The department store chain says it wants to address the UK's housing shortage and support communities.

from BBC News - Business https://ift.tt/2UpPLL7

Firms urge PM to back returning to the office

Working from home should no longer be the default after 19 July, say more than 50 business leaders.

from BBC News - Business https://ift.tt/36aKABo

Homeowners to get 15 years to sue for bad workmanship - minister

The announcement comes amid concerns leaseholders are bearing the cost of fire safety works.

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

Saturday, July 3, 2021

Don't allow shop abuse to worsen, retail bosses urge PM

Bosses of 100 brands call on Boris Johnson to support greater protection in law for retail workers.

from BBC News - Business https://ift.tt/3jHLWM6

Morrisons: Supermarket agrees £6.3bn takeover

The UK's fourth largest supermarket accepts an offer from a US investment group.

from BBC News - Business https://ift.tt/3qIMq64

Friday, July 2, 2021

'Euro 2020 is a lifeline for my pub'

Many pubs showing football are completely booked up for the England match on Saturday.

from BBC News - Business https://ift.tt/2UU3OJe

Music fans' confusion over insurance cover

Consumer group Which? says people with tickets to gigs or major events are often unaware of the extent of cover.

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

The codes helping visually-impaired people shop

New technology that allows phones to read out labelling is about to make supermarkets much more accessible.

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

'It's like Endgame...where everyone just disappears'

New York celebrity restaurateur Stephen Starr is having to get creative to staff his businesses

from BBC News - Business https://ift.tt/3yn2IV1

Vauxhall set to announce Ellesmere Port electric van

The news, which could be confirmed as early as next week, will safeguard more than 1,000 jobs at the at-risk plant.

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

France investigates retailers over China forced labour claims

French authorities investigate four brands over alleged human rights abuses in China's Xinjiang region.

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

US jobs growth picks up speed amid reopening

The US economy added 850,000 jobs in June, according to the Bureau of Labour Statistics.

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

M&S Bank branch closures reflect shift to online

All 29 in-store branches are shutting on Friday, ahead of the withdrawal of M&S Bank from current accounts.

from BBC News - Business https://ift.tt/366RvLU

Asda to allow permanent hybrid working for offices

The supermarket says most of its 4,000 head office staff can choose to work at home or other locations.

from BBC News - Business https://ift.tt/3Aljx4w

Thursday, July 1, 2021

Fashion giant H&M sees China sales slump after Xinjiang boycott

Western brands were recently hit by a backlash in China over statements on Xinjiang and the Uyghurs.

from BBC News - Business https://ift.tt/3ydFb8F

Bars and restaurants struggle with staff isolating

The industry wants a "test to release" system to solve worker shortages as cases rise.

from BBC News - Business https://ift.tt/364zIoK

Clarks workers consider strike over fire-and-rehire

Over 100 shoe company workers are at risk of being dismissed and rehired on worse pay and conditions.

from BBC News - Business https://ift.tt/3havX7s

Lorry driver shortage threatens Haribo sweets

The German confectionery giant is struggling to get supplies of Goldbears and Tangfastics to UK shops.

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

The Amazon sellers who sold up and became millionaires

Small e-commerce entrepreneurs have thrived in lockdown - now big money wants to buy them out.

from BBC News - Business https://ift.tt/2SGt9Ws

Global tax overhaul backed by 130 countries

The OECD, which led the talks, announces that many have backed plans for a 15% minimum corporate tax.

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

Four reasons why Gap is closing its shops in the UK

Four reasons why the former High Street favourite is closing its shops in the UK and Ireland.

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

Post-Brexit trade: UK extends EU-era steel protections

The government overrules its post-Brexit trade advisers to keep EU-era limits on products.

from BBC News - Business https://ift.tt/3h5hF8d

Plan for law to protect neighbourhood cash access

The Treasury says people should not have to travel beyond a reasonable distance to withdraw or deposit cash.

from BBC News - Business https://ift.tt/3xc3y6O

Bank governor warns against over-reaction to higher inflation

Bank of England governor says a rise will be "temporary" after a warning by the former chief economist.

from BBC News - Business https://ift.tt/3hm5yTf

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://...