Nationwide customers hit by payment glitch

Customers were left questioning why their wages had failed to appear in their account on Friday.

from BBC News - Business https://ift.tt/31j7Uyk

Covid: Cathay Pacific flights cut after Hong Kong clampdown

The announcement comes after the city tightened its coronavirus quarantine regulations for aircrew.

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

Tesla to recall 475,000 cars in the US

The number of cars being recalled is nearly equivalent to the firm's global deliveries last year.

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

Santander: Bank hands out £130m in Christmas blunder

The error meant around 75,000 people woke up on Christmas morning to a surprise payment from Santander.

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

Average house price hits record high of £255,000

Typical prices leap almost £24,000 since January, making the strongest year since 2006, Nationwide says.

from BBC News - Business https://ift.tt/3z8QoJA

Elon Musk rejects claims that his satellites are hogging space

His comments come after China complained to the United Nations about his internet satellite project.

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

China ride-hailing giant Didi sees losses deepen after crackdown

This month the company announced that it would move its share listing from New York to Hong Kong.

from BBC News - Business https://ift.tt/32OVgrf

New home and car insurance rules mean change in prices

Anyone renewing their policy will pay no more than they would as a new customer from 1 January.

from BBC News - Business https://ift.tt/3EC4SCL

Sofology: We spent our Christmas on deckchairs

Customers of the furniture chain say they have been left without orders and in the dark.

from BBC News - Business https://ift.tt/3z8zESF

Apple puts Indian iPhone factory 'on probation'

Hundreds of staff at Foxconn in Sriperumbudur were reportedly hit by food poisoning.

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

TikTok moderator sues over 'psychological trauma'

Candie Frazier says her mental health suffered after watching "extreme and graphic" video content.

from BBC News - Business https://ift.tt/3JtJeo0

Adnams brewery boss says sector lost 50% of Christmas trade

Dark months are ahead for the hospitality industry, the chief executive of Adnams says.

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

UK cost of living squeeze in 2022, says think tank

The Resolution Foundation says households face a £1,200 hit due to higher taxes and energy bills.

from BBC News - Business https://ift.tt/32vqEek

Boeing 737 Max: Indonesia lifts ban after 2018 Lion Air crash

The announcement came just a day after Ethiopian Airlines said it would resume 737 Max flights.

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

Riot Games to pay $100m in discrimination case

The League of Legends maker agrees to settle a 2018 gender discrimination class-action lawsuit

from BBC News - Business https://ift.tt/3HkS2L8

Vinyl sales soared again in 2021, thanks to Abba

The pop icons' surprise return helped UK vinyl sales top five million for the first time since 1990.

from BBC News - Business https://ift.tt/3ezJtQ9

How invisible barcodes could increase plastic recycling

A pan-industry scheme is testing invisible barcodes on plastic packaging to boost recycling rates.

from BBC News - Business https://ift.tt/3sHbb5S

The African nation aiming to be a hydrogen superpower

Namibia wants to use its abundance of sunshine and wind power to make and export hydrogen.

from BBC News - Business https://ift.tt/3eve952

Covid: Welsh pubs and bars hit 'far worse' than in England

Pubs and bars fear tougher Covid rules in Wales will see New Year's Eve custom cross the border.

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

UK air travel sees huge slump in 2021 due to Covid

International flights to and from the UK fell to just 400,000 this year, says analytics firm Cirium.

from BBC News - Business https://ift.tt/32EHVS7

Covid: Enjoy new year but be cautious, care minister says

People should take a rapid test before going out for new year's eve, Gillian Keegan says.

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

Covid: No new curbs hailed as 'lifeline' for pubs

The hospitality sector welcomes the decision, saying it can now trade for its "survival" this weekend

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

Elon Musk criticised after China space complaint to UN

The SpaceX boss was attacked on Chinese social media after the complaint was made public.

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

Airlines around the world cancel flights

More than 1,300 flights are scrapped on Monday, capping off a tough festive period for travellers.

from BBC News - Business https://ift.tt/3EtaK15

Energy prices: Government must show more urgency, says Ovo boss

Stephen Fitzpatrick predicts an "enormous crisis" in 2022 unless the government helps consumers.

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

Spider-Man: No Way Home becomes first pandemic-era film to top $1bn

It beat Chinese Korean War epic The Battle of Lake Changjin to be the highest grossing film of 2021.

from BBC News - Business https://ift.tt/3Et07vd

Business Review of 2021: Climate change and Covid

2021 saw countries grapple with climate change's economic challenges, and Covid's continuing impact.

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

How this clip restored one man's dream of being a pilot

The story behind a face mask clip that restored a young man's dream of being a pilot.

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

Covid: Travel misery for tens of thousands as flights are cancelled

Chinese and US airlines are hardest hit amid a surge in Covid cases in many countries.

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

Trump Scottish golf resorts claimed over £3m in furlough

Accounts reveal the former US president's two golf courses in Scotland made financial losses last year.

from BBC News - Business https://ift.tt/3ElT7Ak

Shoppers avoid city centres on Christmas Eve, figures suggest

The number of visitors to city centre High Streets is down, with inner London taking a big hit.

from BBC News - Business https://ift.tt/30XbJZR

Tesla disables gaming while driving feature

It follows an inquiry into Passenger Play, which allowed games to be played while a car was moving.

from BBC News - Business https://ift.tt/3J8VGcu

CrossCountry: Strike action affects Christmas Eve train journeys

Train operator CrossCountry says it has cancelled many services on Friday.

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

Selfridges sold for £4bn to Thai-Austrian alliance

The British luxury store chain is being bought by Thailand's Central Group and Signa Group of Austria.

from BBC News - Business https://ift.tt/3yV1lOB

Cities start to attract property buyers again

Data suggests that demand for flats is reviving after the race for space during the pandemic.

from BBC News - Business https://ift.tt/3EqyL99

Covid: £10m Bounce Back Loan fraudsters jailed

Two men are jailed for a total of 33 years for laundering £70m, of which £10m came from Covid loans.

from BBC News - Business https://ift.tt/3H7fD1I

Scotland's nightclubs to close for three weeks from 27 December

It follows new restrictions being put on public events and venues earlier this week due to concern over Omicron.

from BBC News - Business https://ift.tt/3pl7Xmc

Christmas travel in full swing despite disruption

Almost half of Britons are to travel to visit loved ones, but caution about Omicron is widespread.

from BBC News - Business https://ift.tt/3Fqc0mP

Intel apologises to China over supplier advice

The US technology firm says sorry after it urged firms not to source products from Xinjiang.

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

Parcel delivery scam texts to spike this Christmas

About a million scam texts will be sent in the UK this week, with more than half for parcel delivery fraud.

from BBC News - Business https://ift.tt/3mNOLw3

CEO Secrets: 'Don't overthink, fail fast and move on'

Joel Akwenuke, founder of hair treatment company NewFade, shares his business advice.

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

Most staff enjoy working at Brewdog, say bosses

The craft brewer's board defends the firm following complaints of a toxic work culture.

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

Sri Lanka plans to pay off Iran oil debt with tea

The country says it hopes to send Iran $5m worth of tea each month to clear its debt.

from BBC News - Business https://ift.tt/32tUwaz

CrossCountry: Strike action set to disrupt Christmas Eve trains

A union says members voted to strike as they felt the role of guards was being undermined.

from BBC News - Business https://ift.tt/3qlYNp7

Isolation rule change will mean fewer rail cancellations, says industry

Shorter Covid self-isolation in England should mean fewer cancelled trains, says the Rail Delivery Group.

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

Arsenal fan token posts broke advertising rules, says watchdog

The Advertising Standards Authority said the club 'failed to illustrate the risk of the investment'.

from BBC News - Business https://ift.tt/33PgVA1

Miners experiment with hydrogen to power giant trucks

Anglo American is testing a hydrogen-powered giant truck in a bid to make its business greener.

from BBC News - Business https://ift.tt/3e9tCY7

Covid: Chancellor announces £1bn fund for businesses

It comes as pubs and restaurants struggle with reduced footfall and cancellations amid Covid fears.

from BBC News - Business https://ift.tt/3pfob06

Hundreds of trains cancelled as Covid hits railways

Christmas journeys are at risk as train operators prepare for more disruption.

from BBC News - Business https://ift.tt/3Jaq6eA

Covid: Firms able to claim money back to cover sick pay

Small and medium-sized firms can claim back money spent on statutory sick pay for Covid-hit employees.

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

Boeing and Airbus warn US over 5G safety concerns

The world's two biggest plane makers say the technology could have a negative impact on the aviation industry.

from BBC News - Business https://ift.tt/3J552pN

Turkish lira in comeback after new plan unveiled

The lira sees strong gains for the second day running in response to moves to strengthen the currency.

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

UK Supreme Court denies Maduro claim to Venezuelan gold

The ruling means only opposition leader Juan Guaidó can access Venezuelan gold reserves in the UK.

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

Viya: Top Chinese live-streamer fined $210m for tax evasion

Internet celebrity Huang Wei, known as Viya, is accused of hiding her personal income from officials.

from BBC News - Business https://ift.tt/3GWw8xq

Elon Musk says he'll be paying $11bn in tax this year

The Tesla founder and world's richest person has been involved in a public spat over his tax bill.

from BBC News - Business https://ift.tt/3J8gyAu

Fake Covid passes advertised for sale online

The BBC has found Facebook posts claiming to sell Covid vaccine passes for people who haven't been jabbed.

from BBC News - Business https://ift.tt/30MHRiI

Davos business leaders' event postponed over Omicron

The World Economic Forum has been rescheduled for "early summer" due to the spread of Covid.

from BBC News - Business https://ift.tt/30M4dko

Hobnobs maker warns biscuit prices set to soar

McVities, which also makes Jaffa Cakes and Penguins, is facing higher ingredient and labour costs.

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

Covid: Pubs and restaurants call for urgent help

Hospitality firms say action is needed "in the next 24 hours" as they struggle with the Omicron impact.

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

China artificial intelligence firm relaunches SenseTime $767m listing

SenseTime's share sale was suspended last week after the US imposed an investment ban on the firm.

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

Demands to delay rises in the state pension age

As the government sets up a review, a report suggests there is no justification to change it from 66.

from BBC News - Business https://ift.tt/3pjL5nr

Pret A Manger customers complain over drinks subscription deal

Thousands of customers have complained about the coffee and sandwich chain's drinks subscription service.

from BBC News - Business https://ift.tt/3e9L2E1

Liz Truss replaces Lord Frost in post-Brexit talks

The foreign secretary will become the UK's lead negotiator with the EU over the Northern Ireland Protocol.

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

Evergrande: China's efforts to contain its Lehman moment

China is handling the crisis very differently to the way the US dealt with the Lehman collapse.

from BBC News - Business https://ift.tt/3yH8H8e

Will Omicron stall the airline sector recovery in 2022?

The rise of a new variant risks delaying a long hoped for bounce back for global aviation.

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

Covid: Business alarmed at prospect of further restrictions

The health secretary refused to rule out further restrictions for England, as Omicron continues to spread.

from BBC News - Business https://ift.tt/3e8DbXj

BBC Bitcoin mining report used in crypto-scam

The BBC’s Silicon Valley correspondent investigates how his report was used to steal life savings.

from BBC News - Business https://ift.tt/3Ebq6ae

Lord Frost resigns as Brexit minister

He says he hopes Boris Johnson will not be tempted by "coercive measures" to tackle Covid.

from BBC News - Business https://ift.tt/3q6U36s

Rail fares to rise at fastest pace for nine years

Regulated rail fares in England, which include season tickets, will rise by 3.8% in March.

from BBC News - Business https://ift.tt/326Wyhd

Christmas food orders in doubt as Farmdrop closes

The online firm, which delivers farm produce, told customers it could 'no longer serve' them.

from BBC News - Business https://ift.tt/3GVM5E9

Covid: Rishi Sunak to hold Omicron crisis talks with businesses

Chancellor Rishi Sunak has cut short a US trip as hospitality businesses ask for support.

from BBC News - Business https://ift.tt/3yyWH8V

France travel ban: Ports and Eurostar busy ahead of Covid restrictions

Long queues are reported at Dover and many trains are booked out before the 23:00 GMT deadline.

from BBC News - Business https://ift.tt/3GSuOf6

HSBC fined £64m for anti-money laundering failings

The UK financial regulator says the fine was for "unacceptable" risks at the banking giant.

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

Clothes sales back to pre-Covid levels in November

Total UK retail sales rose by 1.4%, helped by Black Friday and early Christmas shopping.

from BBC News - Business https://ift.tt/3e2gXWU

Money manager disappears with $313m from Chinese builder

China Fortune Land Development says it has lost contact with a British Virgin Islands wealth manager.

from BBC News - Business https://ift.tt/3dXi0aG

US Congress passes import ban on Chinese Uyghur region

The bill overcame opposition from Coca-Cola, Nike and Apple and an initial lack of White House support.

from BBC News - Business https://ift.tt/3yyKvF3

The price of a Turkish breakfast staple has risen 40%

How the government's unorthodox approach to the economy is making everyday goods unaffordable

from BBC News - Business https://ift.tt/321DQr6

The apps ready to deal with our Christmas food leftovers

The amount of food that's still edible but ends up being binned soars over the holiday period.

from BBC News - Business https://ift.tt/3EZ25ok

Reddit: Social media platform files to go public

Reddit was at the centre of the so-called "meme stock" phenomenon earlier this year.

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

Qantas to switch domestic fleet to Airbus in blow to Boeing

The Australian airline also said it expects to make a first half loss of more than $788m.

from BBC News - Business https://ift.tt/3ysOD9L

Firms ask for help as customers cancel bookings

Businesses are increasing pressure on ministers to provide support after a dent in consumer confidence.

from BBC News - Business https://ift.tt/33sh7Vz

Covid: 'Three of us left' - Firms hit by sickness wave

Employers are feeling the impact of staff shortages as cases hit a new record.

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

A380: last of the superjumbos handed to new owner

The final A380 to leave Airbus' production line has been handed to its new owner. What does the future hold for the plane?

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

'If you eat here, you're dining with rats'

Some New Yorkers are cooling on the craze for street-side restaurant sheds, due to noise and vermin.

from BBC News - Business https://ift.tt/3E66THi

Motoring groups criticise cut in electric car subsidies

The government has further reduced the amount of subsidy for buying electric cars, this time from £2,500 to £1,500.

from BBC News - Business https://ift.tt/3E0sQax

Energy firms face stricter tests after collapses

Bosses of firms will also face vetting after criticism of the regulator about competition in the market.

from BBC News - Business https://ift.tt/30r2a4Y

US Congress narrowly votes to raise debt limit

The measure, which raises the limit by $2.5tr (£1.9tr), comes days before a potential US default.

from BBC News - Business https://ift.tt/3dS5VDH

South Korean dairy giant apologises for controversial advert

The company also faced a backlash over the advert's similarity to "molka", or secret filming.

from BBC News - Business https://ift.tt/3q0O6Yy

Banks to share premises amid mass branch closures

Independent assessors will decide what services are needed in a local area when a branch is closed.

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

Watchdog bans seven ads in crypto 'red alert'

Cryptocurrency ads by trading platforms, exchanges and a pizza chain broke rules, the ASA found.

from BBC News - Business https://ift.tt/3m5xJZY

How vending machines are making life better for Kenyans

By thinking small vending machine firms are delivering more affordable products for Kenyan shoppers.

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

Covid: 'I've had 3,200 bookings cancelled at my pubs'

Pubs and restaurants face a huge cashflow hit due to Plan B restrictions causing Christmas cancellations.

from BBC News - Business https://ift.tt/3ypnvs8

Covid: 'Quarantine hotel fiasco has cost us £5,500'

People staying in government-approved hotels have complained of inedible food and feeling unsafe.

from BBC News - Business https://ift.tt/3oS1yyE

Miami is banking on cryptocurrency and New York wants in

MiamiCoin and NYCCoin are experiments designed to put these cities on the cryptocurrency map.

from BBC News - Business https://ift.tt/3m1PGII

UK expected to remove all 11 countries from red list

The UK is expected to take all 11 African countries off England's red list, easing travel restrictions

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

Global supply chain: Toyota extends Japan production stoppages

The carmaker said components plants in South East Asia had faced disruptions due to the pandemic.

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

Food firms ask government to fix supply chain crisis

Food and farming businesses have called on the government to help with ongoing supply chain problems.

from BBC News - Business https://ift.tt/3GHyL6g

737 Max: US Senate committee criticises oversight of Boeing

The whistleblower report came in response to two Boeing 737 Max crashes, which killed 346 people.

from BBC News - Business https://ift.tt/3rY2VOq

Online Safety Bill: New offences and tighter rules

The next stage of the landmark Online Safety Bill recommends major changes and tougher regulation.

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

Amazon criticised over safety at tornado-hit warehouse

The firm said events happened quickly at the Illinois site and it was "deeply saddened" by the deaths.

from BBC News - Business https://ift.tt/3DTyCe6

How hologram tech may soon replace video calls

The coronavirus pandemic and travel bans have accelerated interest in holographic communication.

from BBC News - Business https://ift.tt/31LPuGK

Half of UK families £110 a year worse off since 2019, report says

Study by the New Economics Foundation suggests the income gap has widened since the General Election.

from BBC News - Business https://ift.tt/30o90IC

UK TV production rebounds to hit new record after pandemic slump

A record £4bn was spent making TV shows in the past year, almost double the figure before lockdown.

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

Covid: Work-from-home guidance reintroduced in England

People should now work from home if they can to help curb the spread of Omicron, the government says.

from BBC News - Business https://ift.tt/31UIMhk

And Just Like That: Peloton responds with parody ad after shares tumble

The exercise equipment maker released an online parody after scene that sent its shares tumbling.

from BBC News - Business https://ift.tt/3ykm524

Indian PM Modi's Twitter hacked with bitcoin tweet

The Indian prime minister's account had a message stating that bitcoin would be distributed to citizens.

from BBC News - Business https://ift.tt/31NIQiY

Alibaba fires employee who accused boss of rape

The Chinese e-commerce firm has fired the woman, who went public with accusations in August.

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

How this country became Europe's cargo bike hub

In Germany, generous subsidies are leading to more sophisticated cargo bikes.

from BBC News - Business https://ift.tt/3s06dR0

Royal Mail staff absences double levels of 2018

A source with close knowledge of the firm said there were widespread problems due to sickness and demand.

from BBC News - Business https://ift.tt/3yhzlV2

Businesses call on the government for more help

Firms are calling on the government for more support after Plan B Covid restrictions take effect.

from BBC News - Business https://ift.tt/33lI8dl

LV= members reject Bain Capital takeover deal

Members have rejected the £530m deal and so the insurance firm remains as a mutual.

from BBC News - Business https://ift.tt/3lT5MUQ

US price rises hit highest level for 40 years

Prices rose 6.8% in the year to November with the cost of fuel, used cars and food rising fastest.

from BBC News - Business https://ift.tt/3dH8sQW

Heathrow boss urges travel rules rethink ahead of Christmas

John Holland-Kaye said families should be able to reunite for the festive period.

from BBC News - Business https://ift.tt/3rRSYC0

Wind-powered net zero McDonald's opens in Market Drayton

The restaurant powered by wind turbines and solar panels will act as a blueprint for future stores.

from BBC News - Business https://ift.tt/335tgQ3

UK economic growth slows to 0.1% in October

The economy grew by 0.9% between August and October as the UK continues to recover from the pandemic.

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

UK warns US of retaliation over steel tariffs

After "very frank" talks in Washington, the UK's international trade secretary says action may be taken soon.

from BBC News - Business https://ift.tt/3dR63n7

HS2 agrees £2bn deal to build UK's fastest trains

Hitachi and Alstom will build more than fifty 225mph trains for the high speed network.

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

'I borrowed £50 and we ended up homeless'

People could fall into serious debt if they use loan sharks this Christmas, charities warn.

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

Evergrande: China property giant misses debt deadline

Chinese property giant declared in default by a credit rating firm after missing a crucial interest payment.

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

Covid: Manchester Airport Group calls for review of travel rules

The owner of Manchester, London Stansted and East Midlands airports is calling for urgent action.

from BBC News - Business https://ift.tt/3lPMQq6

Covid vaccine passports 'devastating' for nightclubs

An industry body says nightclubs and bars should not be "thrown under the bus" by the government.

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

New home working order another blow for small firms

New guidance to work from home is greeted with dismay by firms that thrive when workers are in offices.

from BBC News - Business https://ift.tt/31FQxaD

Tesco depot staff suspend pre-Christmas pay strikes

Up to 1,200 workers across four sites have halted walkouts over pay, the Unite union says.

from BBC News - Business https://ift.tt/304Llg0

Jailed banker 'shocked' and 'disappointed' at appeal decision

Jailed banker Tom Hayes has been refused the chance to take his case back to the courts.

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

Boss says sorry for 'blundered' mass Zoom firing

Vishal Garg says he "is deeply sorry" for sacking 900 staff in an online meeting.

from BBC News - Business https://ift.tt/3Izqx1u

Call centre staff being stalked and abused, says bank boss

First Direct is one of 50 firms warning of a rise in abuse by customer in the run-up to Christmas.

from BBC News - Business https://ift.tt/3lL7Ezc

Evergrande: China property developer debt default fears grow

Evergrande has not yet made payments to bond holders that were due on Monday, the BBC understands.

from BBC News - Business https://ift.tt/31C1Q40

Covid travel: Omicron hitting holiday bookings, says Tui

Winter bookings especially are slowing down as Omicron variant spreads, holiday giant says.

from BBC News - Business https://ift.tt/3Dwy6lX

Japanese billionaire blasts off to International Space Station

Yusaku Maezawa will spend 12 days at the International Space Station before returning to Earth.

from BBC News - Business https://ift.tt/3dv2rqr

Quarantine hotels: Returning Brits struggle to book

Some UK residents coming back from South Africa are still struggling to find quarantine hotel rooms.

from BBC News - Business https://ift.tt/3EAe7UH

Christmas dinner costs rise as inflation bites

Turkeys, sprouts and Christmas puddings are more expensive this year, research suggests.

from BBC News - Business https://ift.tt/3Gl8cTX

Instagram announces changes ahead of political grilling

Platform boss unveils new safety features a day before being quizzed by the US Senate.

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

Super-rich increase their share of world's income

A major report on wealth and inequality says 2020 saw the steepest rise in billionaires' wealth on record.

from BBC News - Business https://ift.tt/3ovL6nL

House price growth at 15-year high, says Halifax

However, the pace is unlikely to be maintained as household budgets are squeezed, the lender says.

from BBC News - Business https://ift.tt/3pz8C2n

Rohingya sue Facebook for £150bn over Myanmar hate speech

The social media giant is accused of fuelling violence against the persecuted minority in Myanmar.

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

Wall Street watchdogs probe Trump media firm deal

At the weekend the Trump Media and Technology Group said it had secured $1bn of investment.

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

Byju's and the other side of an edtech giant's dizzying rise

Indian firm Byju's faces allegations of pursuing hyper growth using high pressure sales tactics.

from BBC News - Business https://ift.tt/3doNJ4j

Covid testing: New PCR rules throw plans into disarray

New PCR testing rules come into force on Tuesday for travellers arriving in the UK.

from BBC News - Business https://ift.tt/32TNdJx

Hong Kong Covid: The Cathay pilots stuck in 'perpetual quarantine'

One Cathay Pacific pilot said he had spent almost 150 days in quarantine this year alone.

from BBC News - Business https://ift.tt/3Ionk4R

The tech helping shops - and Santa - deliver this Christmas

A number of tech solutions are out there to help retailers optimise sending out our presents.

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

Tesco: Pre-Christmas strikes planned by 6,500 depot staff

Trade union Usdaw said 5,000 members at nine warehouses across the country will take industrial action.

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

US boss fires 900 employees over Zoom

"Last time I did this I cried," said the head of the online mortgage lender laying off 15% of his staff.

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

Spar cyber attack hits more than 300 convenience stores

The attack targeted a company in Lancashire which operates Spar's tills and IT systems.

from BBC News - Business https://ift.tt/3GnBW2N

Uber prices could rise 20% after UK ruling

In a move that will affect the whole taxi industry, a judge has ruled Uber must make contracts with its customers.

from BBC News - Business https://ift.tt/3lEWFH8

Warnings Covid travel test prices are misleading

The government's website to find travel tests "is not serving its purpose", an industry trade group says.

from BBC News - Business https://ift.tt/31wpfDA

New York's workers must all have vaccine by 27 December

The city's mayor is introducing a vaccine mandate for all private sector employees from 27 December.

from BBC News - Business https://ift.tt/3y795Ni

Covid: Sainsbury's asks staff to delay Christmas parties

The supermarket will reimburse workers for postponed parties amid emergence of the Omicron variant.

from BBC News - Business https://ift.tt/3GjR9BW

Evergrande shares slump on renewed default fears

Shares in the Chinese property giant sink 20% as worries about company's future return.

from BBC News - Business https://ift.tt/3pxbL2Q

Dalio: Comments on China's human rights misunderstood

Last month, JP Morgan's Jamie Dimon apologised for comments he made about the Chinese Communist Party.

from BBC News - Business https://ift.tt/31nh0dr

Large gender pay gaps persist over the last 25 years

Once increases in women’s education are accounted for, the gender pay gap change is only 3% since 1995.

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

HGV driver shortage: Signs pressures are easing, trade group says

Fewer drivers are leaving the profession, Logistics UK says, but more action is needed to attract recruits.

from BBC News - Business https://ift.tt/3lAqU1W

Tesco: Distribution centre workers plan pre-Christmas strikes

Up to 1,200 workers across four sites will stage walkouts over pay, according to the Unite union.

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

Parag Agrawal: Why Indian-born CEOs dominate Silicon Valley

Parag Agrawal, Twitter's new CEO, is the latest of several Indian-Americans leading global tech firms.

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

Trump social media firm raises $1bn from investors

The former US president is working to launch a social media app called Truth Social early next year.

from BBC News - Business https://ift.tt/3onM4SJ

Covid travel test changes a 'hammer blow' to industry

The return of pre-departure tests for travellers to the UK will come into force on 04:00 GMT Tuesday.

from BBC News - Business https://ift.tt/31tojjI

UK tightens travel rules amid Omicron spread

Travellers heading to UK will now have to have Covid test before their departure in effort to limit spread of virus, government says

from BBC News - Business https://ift.tt/3djgW0m

Fraud: 'I had £18,000 stolen after my drink was spiked'

Fraudsters appear to be adopting the "sinister" tactic of spiking drinks to steal money, campaigners warn.

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

MH370: Could missing Malaysian Airlines plane finally be found?

A British engineer believes he may help solve one of the world's greatest aviation mysteries.

from BBC News - Business https://ift.tt/3pp7FK7

December rate rise hangs in balance amid Omicron

A Bank of England policymaker says he wants more data on new virus variant before rates decision.

from BBC News - Business https://ift.tt/3ps8Bgy

US jobs growth falls far short of expectations

Employers took on 210,000 new workers in November, less than half the number that had been expected.

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

Cambo: Jobs warning as Shell pulls out of oil field development

Climate change campaigners welcome the move but business leaders voice fears for the future of thousands of jobs.

from BBC News - Business https://ift.tt/3ry2gCY

Selfridges set for £4bn sale to Thai retail giant

The billionaire Weston family are close to selling the famous luxury stores chain to Central Group.

from BBC News - Business https://ift.tt/3Ihl0wv

Shell pulls out of Cambo oil field development

The oil giant said the economic case for investment in the controversial project was "not strong enough".

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

Why Turkey's currency crash does not worry Erdogan

Turkey's national currency has plummeted 45% against the dollar this year

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

US creditors can now DM debtors on social media

The new rule lets debt collectors text and direct message millions of Americans who default on loans.

from BBC News - Business https://ift.tt/3DkFgK6

China app giant Didi plans US stock market exit in move to Hong Kong

The move comes after the company came under intense scrutiny from regulators in the US and China.

from BBC News - Business https://ift.tt/3DlM6yV

Retailers make 'shocking' petrol profit says RAC

Fuel retailers are charging unnecessarily high prices for petrol according to the RAC motoring organisation.

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

Covid loan anti-fraud checks inadequate, says watchdog

The government acted too slowly to stop fraudsters exploiting its Bounce Back Loan scheme, a report says.

from BBC News - Business https://ift.tt/3IrAWN1

Would you give 10% of your salary to charity?

A growing number of people are deciding to give up a substantial chunk of their wages.

from BBC News - Business https://ift.tt/3DfG3Mm

Virgin Media outage hits UK TV viewers

The firm apologises after some customers are left with no access to TV services for more than 10 hours.

from BBC News - Business https://ift.tt/3El81HG

Elle to stop promoting the use of animal fur in its magazines

It is the first major fashion publication to make the pledge, citing its support for animal rights.

from BBC News - Business https://ift.tt/31ok6Of

Ride hailing app Grab makes $40bn market debut

Shares start trading in ride-hailing firm Grab which has used a shell company for its flotation.

from BBC News - Business https://ift.tt/3ruKQr5

Countries reach landmark deal to cut trade costs

Members of the World Trade Organization agree to cut red tape to boost trade in services.

from BBC News - Business https://ift.tt/3IeX1y4

Banks fined over collusion in currency trading

Barclays, RBS and HSBC are among firms penalised by the European Commission after an investigation.

from BBC News - Business https://ift.tt/32YnfVz

UK plays down Brexit link in US steel tariff row

Reports linking US steel tariffs with concerns over Northern Ireland a 'false narrative' says UK.

from BBC News - Business https://ift.tt/3G7vH2N

Covid: Omicron fears cause wave of hotel cancellations

Best Western is one hotel group that has seen many customers scrapping Christmas bookings.

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

Covid: Anglo American to introduce mandatory vaccinations

Anglo American, which employs 95,000 worldwide, is consulting on compulsory Covid jabs for all workers.

from BBC News - Business https://ift.tt/3ponrF1

Disney elects woman as chairman for first time in 98-year history

Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger at the end of the year.

from BBC News - Business https://ift.tt/3xKB3y6

Rising energy bills: 'My teenager disappears under coats at night'

A charity estimates that domestic gas bills in April will be double those of 18 months earlier.

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

Firms opt for smaller Christmas parties over Omicron fears

Companies are deciding against holding a big bash in favour of allowing small, optional gatherings.

from BBC News - Business https://ift.tt/3I9EKCj

EU launches €300bn bid to challenge Chinese influence

The Global Gateway infrastructure plan is described as a true alternative to Chinese influence.

from BBC News - Business https://ift.tt/3oa4YMW

Duolingo boss: 'Develop your social skills'

Luis von Ahn, co-founder and CEO of language-learning app Duolingo, shares his business advice.

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

Cryptocurrency executives to be questioned in Congress

Washington is joining other governments in scrutinising the rapidly expanding sector more closely.

from BBC News - Business https://ift.tt/3rth3ib

Biden says economy 'in strong shape' ahead of holidays

The president says he is optimistic supply chains can cope with any disruption from Omicron.

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

Match settles legal fight with Tinder founders for $441m

Dating app Tinder's founders claimed in court that Match had undervalued the firm by $10bn in 2017.

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

New travel rules mean 'I can't afford to fly home'

UK residents in South Africa, which has been added to the travel red list, say new requirements are too costly.

from BBC News - Business https://ift.tt/3o7Wxlf

Coronavirus: Heathrow Airport opens dedicated red list country terminal

The measure will keep passengers arriving from red list destinations away from other travellers.

from BBC News - Business https://ift.tt/3o9nSUi

Tel Aviv named as world's most expensive city to live in

Soaring inflation and supply-chain problems have pushed up prices in the 173 cities surveyed.

from BBC News - Business https://ift.tt/3d4cenn

Zog Energy becomes latest firm to collapse in gas price crisis

Zog Energy, which has about 11,700 domestic energy customers, ceased trading on Wednesday.

from BBC News - Business https://ift.tt/3G4LeRa

Clarks shelves pay cut plans to end warehouse strike

Shoe retailer ends eight-week dispute after talks at mediation service Acas

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

Nationwide: UK house prices return to double-digit growth

Annual house price growth hit 10% last month, according to the Nationwide Building Society.

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