Energy price cap rise: 'I've taken a second job'

Daniel Cooke, a construction site manager from Somerset, has taken a second job to pay rising energy bills.

from BBC News - Business https://ift.tt/DHgrtaf

Facebook in 'bare-knuckle' fight with TikTok

The Washington Post alleges a consultancy was paid by Meta to promote stories of dangerous TikTok trends.

from BBC News - Business https://ift.tt/VbEZFUY

Norton Motorcycles: Stuart Garner sentenced over missing pensions

The former boss of Norton Motorcycles lost about £10m of people's pensions.

from BBC News - Business https://ift.tt/JLzIV62

Russia threatens to stop supplying gas if not paid in roubles

Vladimir Putin orders "unfriendly" foreign buyers of Russia's gas to open Russian bank accounts.

from BBC News - Business https://ift.tt/R80VL4e

Cuadrilla given extra year to evaluate fracking wells

Fracking firm Cuadrilla will not have to concrete over controversial shale gas wells near Blackpool.

from BBC News - Business https://ift.tt/4MhyY1K

Energy websites crash in meter readings rush

Suppliers including Shell and EDF say they are working to resolve issues, ahead of a price rise on Friday.

from BBC News - Business https://ift.tt/H3ghE76

British Steel pension scandal: Savers could be compensated

The financial watchdog says it will deliver compensation worth £71.2m to those who were misled.

from BBC News - Business https://ift.tt/6pnlQdx

Ukraine war: Oil prices slide as Biden weighs huge reserves release

The potential move could be the largest ever release of oil reserves in US history.

from BBC News - Business https://ift.tt/ZNLd3jh

Ronin Network: What a $600m hack says about the state of crypto

The hack of the Ronin Network crypto platform leaves thousands out of pocket and plenty of questions.

from BBC News - Business https://ift.tt/qslaNJ8

'We're putting up prices to cope with VAT rise'

With hospitality businesses facing soaring costs, some are warning they will have to increase prices.

from BBC News - Business https://ift.tt/49ah8Fy

Ukraine conflict: Russia to allow unauthorised imports from West

The decision is in response to Western sanctions and surging inflation since the war in Ukraine.

from BBC News - Business https://ift.tt/nH2ZjPN

Why are energy bills so high and when should I take a meter reading?

Electricity and gas bills for a typical household will go up £693 a year in April.

from BBC News - Business https://ift.tt/f5HdPoE

P&O Ferries: UK plans to block ferries that don't pay minimum wage

Grant Shapps has set out new industry measures after the sacking of 800 P&O Ferries staff.

from BBC News - Business https://ift.tt/fGPjUMl

Firms must choose between Russia and West, says US

Wally Adeyemo, a top US politician, says the West is committed to issuing more sanctions on Russia.

from BBC News - Business https://ift.tt/5SRI1xf

UK seizes first superyacht in British waters

The £38m yacht, named Phi, is owned by an unnamed Russian businessman, the government says.

from BBC News - Business https://ift.tt/4ziVFdg

Decathlon boycott calls grow for staying in Russia

The sporting retailer has not halted its business in Russia despite the invasion of Ukraine.

from BBC News - Business https://ift.tt/ycFdNgI

Waitrose in row with Asda over 'Just Essentials' budget range

Rival supermarket Waitrose says its own similarly-named discount brand "Essential" range is trademarked.

from BBC News - Business https://ift.tt/I0XWBcC

Amazon union election: Will this former worker make history?

Workers in three Amazon warehouses are deciding whether to join a union - which would be a first in the US.

from BBC News - Business https://ift.tt/UHJD4iA

Can the super-rich solve America's budget problem?

Joe Biden wants to raise taxes on the likes of billionaires Elon Musk, Jeff Bezos and Warren Buffett.

from BBC News - Business https://ift.tt/A9JQ5yw

P&O: Second ferry detained over safety concerns

The Maritime and Coastguard Agency has held the Pride of Kent in Dover after it failed a safety inspection.

from BBC News - Business https://ift.tt/9PmtxI2

Universal Credit: Chancellor defends decision not to boost benefits

Rishi Sunak tells MPs he gave "targeted support to those who need it most" in last week's Spring Statement.

from BBC News - Business https://ift.tt/HOcDPmk

Cadbury shrinks size of Dairy Milk sharing bar

Despite the size of the chocolate bar getting 10% smaller, the £2 price tag will remain.

from BBC News - Business https://ift.tt/eGCiUBA

Eagle and Sunak on poverty claims after Spring Statement

Rishi Sunak says his Spring Statement measures are a "progressive" package that will not add to inflationary pressures.

from BBC News - Business https://ift.tt/IhHLj23

Energy strategy delayed amid Treasury concerns over costs

The PM promised the plan "in days" in early March, but the BBC understands the Treasury is worried about costs.

from BBC News - Business https://ift.tt/LbvPQkS

Sainsbury's urged to up pay to match cost of living

A group of investors wants the supermarket to ensure pay covers the rising cost of living.

from BBC News - Business https://ift.tt/n8RPjpb

Government no longer majority owner of NatWest

The Treasury sells £1.2bn of shares back to NatWest Group after it bailed out the bank in 2008.

from BBC News - Business https://ift.tt/RBSXnrp

Shanghai Covid: Oil prices slide after city starts lockdown

The nine-day lockdown of Shanghai is China's largest since the coronavirus outbreak began.

from BBC News - Business https://ift.tt/olAvp70

Big regional divide on some energy bill charges

Rises in standing charges on electricity bills will vary significantly according to where people live.

from BBC News - Business https://ift.tt/rqsJ6Qo

Ferry firms to meet officials over P&O fallout

Bosses from DFDS and Stena Lines will meet transport officials to discuss P&O's sacking of staff.

from BBC News - Business https://ift.tt/Dsfp6w7

Canada pledges to help countries stop using Russian oil

Canada says its can provide more oil, gas and uranium to help solve the global energy crisis.

from BBC News - Business https://ift.tt/EF7Kn8L

M&S sorry after shopper got 100 wrong parcel texts

Marks & Spencer apologises for sending customers photos and locations of other people's parcels.

from BBC News - Business https://ift.tt/qWRLG0N

Ukraine war: Chernobyl’s vodka producer remains defiant

A company that produces Chernobyl’s ‘Atomik vodka’ releases new products, donating profits to Ukraine's refugees.

from BBC News - Business https://ift.tt/alL7wtr

Sizewell C nuclear power station: Government to take 20% stake

French developer EDF will also take a 20% stake in the £20bn power station at Sizewell, in Suffolk.

from BBC News - Business https://ift.tt/6neS54M

P&O Ferries: Protests at ports against sackings

There are safety concerns over using cheaper replacement crews, as one ship is found to be "unfit to sail".

from BBC News - Business https://ift.tt/YplkGhj

P&O Ferries ship detained over crew training concerns

The European Causeway ferry is detained after 800 of the firm's staff were sacked without notice.

from BBC News - Business https://ift.tt/WmkiU79

Spotify stops streaming in Russia over safety concerns

New laws threaten jail for people accused of spreading "fake news" about Russia's armed forces.

from BBC News - Business https://ift.tt/1LZ8OlB

P&O Ferries: RMT union raised concerns over Irish Ferries last year

The government's response to Irish Ferries' use of cheap labour was smaller than its response to P&O Ferries.

from BBC News - Business https://ift.tt/X4pU6lk

‘P&O Ferries weren’t just jobs they were our homes’

Former P&O employee John, who was made redundant suddenly, explains his anger with the operator.

from BBC News - Business https://ift.tt/qGVFMa6

Rishi Sunak denies link to Russia through firm part-owned by wife

An Indian software giant part-owned by the chancellor's wife has kept its presence in Moscow.

from BBC News - Business https://ift.tt/6FKW3h0

Diary giant warns of supply issues unless wages rise

The UK's largest diary says its farmers are struggling to cover costs due to rising production prices.

from BBC News - Business https://ift.tt/HFvEtRo

Electric car chargepoints to rise 10-fold by 2030 says DfT

The number of chargepoints will be five times more than the number of fuel pumps today, DfT says.

from BBC News - Business https://ift.tt/Ral97Vj

US jobless claims at lowest level since 1969

The last time the jobless claims were this low America landed a man on the moon. But is the economy headed back to the 1970s?

from BBC News - Business https://ift.tt/jMxVpcA

Spotify paid 130 artists more than $5m last year

The Swedish streaming company also reveals it handed out $7bn to the music industry last year.

from BBC News - Business https://ift.tt/q2AG73s

Uber to list New York City yellow taxis in app

The partnership with a former foe comes as the company faces a driver shortage.

from BBC News - Business https://ift.tt/1Y0uNZQ

P&O Ferries: Not consulting on job cuts broke law, boss admits

Peter Hebblethwaite admits P&O should have consulted unions before sacking 800 ferry workers.

from BBC News - Business https://ift.tt/MUAz26N

Funeral firm collapses leaving fears over payments

Safe Hands, which has 45,000 customers in the UK, sold funeral plans that may no longer be honoured.

from BBC News - Business https://ift.tt/sINVJla

Spring Statement: Rishi Sunak vows to cut income tax before 2024 election

The chancellor blunts the National Insurance rise, but Labour says it is not enough to help cost of living.

from BBC News - Business https://ift.tt/WdlmgM6

Fuel duty cut by 5p a litre to help motorists

The cut will come into force at 6pm on Wednesday as drivers struggle with record fuel prices.

from BBC News - Business https://ift.tt/THyDpRW

UK growth forecasts slashed due to Ukraine war

Economic forecaster says there is an "unusually high uncertainty" over outlook because of the Ukraine war.

from BBC News - Business https://ift.tt/WyMCQLn

Nestle pulls KitKat and Nesquik out of Russia

Nestle pulls KitKat and Nesquik out of Russia, but still sells baby food and medical nutrition.

from BBC News - Business https://ift.tt/3Yn8QZf

PM: 'It looks like P&O mass sackings broke the law'

Boris Johnson says P&O Ferries could face fines of "millions" after sacking 800 staff suddenly.

from BBC News - Business https://ift.tt/PRMfdng

Flybe to resume flights and operations in April

The carrier, which collapsed two years ago, is now based in Birmingham and will operate 23 routes.

from BBC News - Business https://ift.tt/2R1VGJ8

Citizens Advice calls for inquiry into ethnicity impact on car insurance pricing

The regulator says insurers face challenging questions, but firms say ethnicity never affects prices.

from BBC News - Business https://ift.tt/bnWwO6P

Cost of living: 'It feels like I'm being priced out of existence'

Some disabled people say they are switching off their heating to cope with spiralling energy bills.

from BBC News - Business https://ift.tt/jEhaQYU

Disabled people struggling to pay fuel bills could double

Charities estimate 2.1 million people with disabilities will be in fuel poverty if bills hit £3,000 a year.

from BBC News - Business https://ift.tt/bI5gm6Y

UK government mulls move to take over Gazprom unit

The BBC understands that the UK division of Russian gas giant Gazprom could be placed into administration.

from BBC News - Business https://ift.tt/POonNaF

New P&O crew on less than £2 an hour, union claims

The RMT union says Indian seafarers recruited to work in Dover are on rock bottom rates.

from BBC News - Business https://ift.tt/ewaHLnD

Cost of living worries: Unions push further on pay as inflation soars

Any pay increase that still falls short of price rises means a cut for workers, a union boss says.

from BBC News - Business https://ift.tt/vOnxDjQ

Spring Statement: What to expect on fuel, pensions and benefits

The Ukraine war and rising living prices means Rishi Sunak faces pressure to take fresh action to help.

from BBC News - Business https://ift.tt/acf617L

Free-range eggs no longer available in UK due to bird flu

They will be relabelled "barn eggs" because hens have been kept inside for weeks to tackle bird flu.

from BBC News - Business https://ift.tt/mtnZVYw

Moscow stock market reopens for some bond trading

Trading in bonds issued by the Russian government has restarted but other business remains suspended.

from BBC News - Business https://ift.tt/dTm6Kxj

Cost of living: One in five expect to go into debt this year, survey says

Nearly half of people surveyed expect to use up savings to cover rising living costs, a debt charity finds.

from BBC News - Business https://ift.tt/M1yzR7S

Saudi Aramco ramps up investment to boost production

The state energy firm Saudi Aramco said it would increase investment after profits more than doubled in 2021.

from BBC News - Business https://ift.tt/Sq9Mz4b

P&O Ferries' sackings were appalling, says Sunak

The government is examining the legality of the ferry firm's actions, the chancellor confirms.

from BBC News - Business https://ift.tt/OfjBPhK

Cost of living: Calls for targeted help to cut energy bills

Millions of people may have to spend less on food and clothing to afford higher bills, an energy boss says.

from BBC News - Business https://ift.tt/XbB2eQt

P&O Ferries' job cuts a 'PR disaster', say experts

Communications experts say P&O Ferries' move to sack 800 staff was 'how not to handle a difficult situation'

from BBC News - Business https://ift.tt/6jkBqCF

'I sent my brother flak jackets, helmets and boots'

The east London chef sending protective equipment to Ukraine's soldiers.

from BBC News - Business https://ift.tt/Iozd6bh

P&O Ferries sackings: Government to review contracts with ferry firm

Transport Secretary Grant Shapps has written to the firm about the treatment of staff who lost their jobs.

from BBC News - Business https://ift.tt/pJuO0G9

Are the P&O Ferries sackings legal?

P&O has been widely criticised for sacking 800 employees - but are its actions illegal?

from BBC News - Business https://ift.tt/zsouiQV

P&O Ferries security ‘treated staff like criminals’

P&O Ferries crew "felt intimidated" by security and "were treated like criminals" when they lost jobs

from BBC News - Business https://ift.tt/5eAynHV

P&O: Agency worker describes Cairnryan 'mystery bus tour'

Mark Canet-Baldwin was driven to a P&O dock and says he was kept in the dark about the situation.

from BBC News - Business https://ift.tt/TY4inPb

Interest rates rise again to counter higher prices

Bank of England increases rates for the third time in four months as the cost of living rises.

from BBC News - Business https://ift.tt/e201GU3

P&O cancels services with 800 workers fired

P&O Ferries has made 800 seafaring staff redundant, but some crew are defying orders and refusing to leave their cabins.

from BBC News - Business https://ift.tt/QTEcGvu

Interest rates: What are they and why do they matter?

The Bank Rate is one of the main tools used to keep the UK economy growing steadily.

from BBC News - Business https://ift.tt/Et4koGL

Ukraine war could hit global growth, OECD warns

The organisation warns the conflict in the region could reduce global economic growth by more than 1%.

from BBC News - Business https://ift.tt/uXBOLMl

Ocado sales hit as workers return to the office

The online grocer says its sales have fallen in recent months as people revert to pre-pandemic habits.

from BBC News - Business https://ift.tt/lZIL62J

Universal credit claimants 'overwhelmed' by debt

Many people getting universal credit can't cover the rising cost of living, says charity.

from BBC News - Business https://ift.tt/JSzLUMt

Why your fish and chips may cost a lot more

The conflict in Ukraine is a long way from the UK but it means fish and chip shops are seeing prices soar.

from BBC News - Business https://ift.tt/bEBmlJg

Federal Reserve raises interest rates for first time since 2018

The Fed raises rates despite Ukraine uncertainty to try to curb soaring inflation.

from BBC News - Business https://ift.tt/q5oYa84

Lloyd's of London fines insurer Atrium over initiation games

Atrium Underwriters admits three charges relating to bullying and misconduct on 'boys' nights out'.

from BBC News - Business https://ift.tt/kfdHyKD

Cost of living: Consumers urged to take up workplace perks

An estimated 10 million people can access discount schemes at work but may not use them, research suggests.

from BBC News - Business https://ift.tt/F8tlmeq

Diesel up by 2p in a day amid global oil concerns

Russia's invasion of Ukraine has rocked global oil prices and pushed up the cost of fuel in the UK.

from BBC News - Business https://ift.tt/QWHhawR

Lithuania prepared to stop Russian oil and gas imports

Lithuania’s president says sanctions by the West don’t go far enough and that his country is ready to act.

from BBC News - Business https://ift.tt/tlRwdpN

Heathrow Airport drops Covid face mask rules

The UK's largest airport joins British Airways and Virgin Atlantic in easing mask-wearing rules.

from BBC News - Business https://ift.tt/r8wY7FO

Companies fined for marketing calls targeting elderly

Unwanted calls were made to thousands of older people including some with dementia, a watchdog says.

from BBC News - Business https://ift.tt/ABId1tJ

The popular apps aiming to tame the chaos of family life

How tech is helping young families and couples regain their busy social lives after Covid.

from BBC News - Business https://ift.tt/c9z3AUi

UK gets first new-style pylons in a century

The new style of electricity pylon is designed to reduce the impact on the local environment.

from BBC News - Business https://ift.tt/PGbroWy

Fears Russia will not be able to pay its debts mount

The country may be about to default on its debts as Western sanctions over Ukraine bite.

from BBC News - Business https://ift.tt/Fmvlrzq

Ukraine war: Russia's ex-president among 370 new UK sanctions targets

Dmitry Medvedev and President Vladimir Putin's spokesman are among those to be hit with asset freezes and travel bans.

from BBC News - Business https://ift.tt/xJjyfoA

Cost of filling petrol family car rises above £90

The RAC calls on retailers to start passing on falling wholesale prices to consumers.

from BBC News - Business https://ift.tt/rFlEKtk

Wilko sorry for saying staff could work with Covid

The retailer says it made a mistake by telling staff they could continue to work if they tested positive.

from BBC News - Business https://ift.tt/bHY0w4X

Roman Abramovich: New evidence highlights corrupt deals

BBC Panorama uncovers new evidence on the corrupt deals that helped Chelsea's owner make his fortune.

from BBC News - Business https://ift.tt/24fMupi

IMF: Ukraine economy could shrink as much as 35%

Ukraine is facing a severe recession as a result of the Russian invasion, the IMF said.

from BBC News - Business https://ift.tt/XEd4u3Y

Putin changes law on leased jets to keep them flying

The Russian president signs new law allowing foreign-leased jets to keep flying in Russia.

from BBC News - Business https://ift.tt/FTQIxAJ

UK government set to scrap all travel rules for England

Ministers are set to scrap all rules for arrivals into England, including for unvaccinated passengers.

from BBC News - Business https://ift.tt/V7OfzMa

Petrol prices set to ease after hitting record highs

Fuel prices are expected to peak this week before falling due to the price of oil dropping globally.

from BBC News - Business https://ift.tt/cHpK2JV

Inflation: Sports bras in, doughnuts out of cost of living measure

Pet collars and frozen Yorkshire puddings are other goods now used to measure changes in the cost of living.

from BBC News - Business https://ift.tt/nyfSMLl

Cost of living: Food boss says prices could rise by up to 15%

The boss of food firm 2 Sisters warns prices will jump as a result of the war in Ukraine.

from BBC News - Business https://ift.tt/1JWuS7r

Ukraine crisis: US warns China against helping Russia

US officials say Russia asked China for military support and help in evading sanctions.

from BBC News - Business https://ift.tt/MwvoO2m

Delaying National Insurance rise would be 'no problem'

Sir Charlie Bean, who recently left the Office for Budget Responsibility, says the move could be delayed.

from BBC News - Business https://ift.tt/NUtrOzS

'Young people may have 10-plus careers in their lifetime'

A charity competition is encouraging school kids to get entrepreneurial and make their own products.

from BBC News - Business https://ift.tt/uONl7WM

Energy boss: US gas exports can 'easily' replace Russian

The CEO of the largest natural gas company in the US says American exports to Europe can 'easily' replace Russian supply

from BBC News - Business https://ift.tt/G3JB9tf

Unions warn of job losses if rail firms close ticket offices

Train operators are talking to unions about how to address job changes in a bid to modernise the railways

from BBC News - Business https://ift.tt/oOA1UNq

M&S and Asos among firms trying to hire Ukraine refugees

A consortium of businesses is in talks with the government over jobs for Ukraine refugees.

from BBC News - Business https://ift.tt/FTj5p0Y

Russia sanctions: How the measures have changed daily life

Prices are rising in Russia and some goods are harder to buy. Here are ways sanctions are affecting daily life.

from BBC News - Business https://ift.tt/ns6B7Ug

Boss accused of defrauding blind workers' pensions

Blind staff at failed 168-year-old business say they are owed pay, redundancy and furlough money.

from BBC News - Business https://ift.tt/xAngaMr

Fears funeral plan reforms could mean thousands lose money

There is growing concern that tougher regulations for funeral plan providers could hit many customers.

from BBC News - Business https://ift.tt/kCU2wym

Bitcoin cash machines ordered to shut down in UK

The Financial Conduct Authority warns that all crypto-ATMs in the UK are operating illegally.

from BBC News - Business https://ift.tt/cpLdBzx

US moves to ban Russian diamonds and vodka

US President Joe Biden also says there are plans to revoke Russia’s status as an equal trade partner.

from BBC News - Business https://ift.tt/WGPgrha

War in Ukraine: Facebook accused of 'extremism' over Russia policy

Meta says it will allow users in some countries to call for violence against Russian soldiers.

from BBC News - Business https://ift.tt/HpmxFeq

Petrol price hits new record above £1.60 a litre

As fuel prices reach fresh highs, one coach travel business says some services are becoming unviable.

from BBC News - Business https://ift.tt/WxewakQ

Heathrow passenger numbers remain nearly 50% down

The industry is slowly recovering from the impact of Covid, but warns more difficulties are to come.

from BBC News - Business https://ift.tt/PuDXACV

Twitter blocks Russian claims on hospital attack

Posts from the Russian embassy in the UK claiming the bombing of a maternity hospital was faked have been taken down.

from BBC News - Business https://ift.tt/rTpN4e8

The risk management experts now in high demand

Covid-19 and now Ukraine have seen firms rush to hire experts in planning for crisis.

from BBC News - Business https://ift.tt/oMGnKbN

Rising fuel and food costs push US inflation to 7.9%

The cost of living in the US is rising more rapidly than it has in 40 years.

from BBC News - Business https://ift.tt/Ce091ry

Russia hits back at Western sanctions with export ban

Russia will halt exports of cars, medical equipment and other goods until the end of 2022.

from BBC News - Business https://ift.tt/z1u93kE

Chancellor faces tough calls over households' income hit, says IFS

The chancellor must decide whether to borrow more or allow household budgets to be squeezed further, the IFS says.

from BBC News - Business https://ift.tt/Lxuw1sJ

Use Russian money to rebuild Ukraine, says bank chief

In BBC interview Ukraine central bank boss proposes long list of extra financial sanctions on Russia

from BBC News - Business https://ift.tt/a18lm7g

Huawei board members resign over silence on Ukraine

The two directors are unhappy about the the company's failure to quickly condemn Russia's invasion.

from BBC News - Business https://ift.tt/fhxIUzE

Oil prices plunge as UAE supports supply boost

The move could ease a supply crunch as the West and allies shun Russian oil.

from BBC News - Business https://ift.tt/Ztqobfm

Will the US crack down on cryptocurrency?

The US is eyeing new rules for cryptocurrencies as concerns rise about the fast-growing industry.

from BBC News - Business https://ift.tt/f5C7SZr

Jack Monroe says families need urgent help with rising bills

Price rises due to the Ukraine war will hit low income families hardest, Jack Monroe tells MPs.

from BBC News - Business https://ift.tt/Bd7ewpK

War in Ukraine: US, EU and UK target Russia oil and gas sector

Import bans and curbs on Russian oil and gas are being announced by the US, the EU and Britain.

from BBC News - Business https://ift.tt/dHUMaps

Higher energy bills 'almost inevitable' says Ofgem

The boss of the energy regulator warns Russia's invasion of Ukraine will hit energy costs.

from BBC News - Business https://ift.tt/NY21akV

Shell sorry and pledges to stop buying Russian oil

The energy giant says it will also close all its petrol stations in Russia and stop buying oil there.

from BBC News - Business https://ift.tt/6VfeFnm

Uniqlo stays open in Russia saying clothes are 'necessity'

The founder of the Japanese retailer says Russians 'have the same right to live as we do'

from BBC News - Business https://ift.tt/j5pnc7Y

Greggs warns of further price increases

Higher raw material, energy and staff costs could trigger another round of rises, the bakery chain says.

from BBC News - Business https://ift.tt/KyhviTM

War in Ukraine: World Bank approves $723m financial package

The package of financial support for Ukraine includes a $100m pledge from the UK.

from BBC News - Business https://ift.tt/NrLCghX

War in Ukraine: Russia says it may cut gas supplies if oil ban goes ahead

A top official says Russia may close its gas lines to Germany if the West halts oil imports.

from BBC News - Business https://ift.tt/m9ajGcw

War in Ukraine: Crisis is unleashing 'hell on earth' for food prices

The Ukraine war could push millions closer to starvation, the boss of the World Food Programme says.

from BBC News - Business https://ift.tt/HT3yiuj

Cost of living: Warning UK faces biggest income squeeze in nearly 50 years

The war in Ukraine will lead to an even tighter squeeze on living standards this spring, a think tank says.

from BBC News - Business https://ift.tt/0IvwgXb

The sophisticated tech predicting if an advert will work

Ad-testing firms are using real-time software, webcams to find out if ads resonate with customers.

from BBC News - Business https://ift.tt/9BuhQMk

Government rescue of Bulb Energy set to cost taxpayers billions more

A buyer hasn't been found for the ailing supplier, so the the taxpayer will have to keep funding it.

from BBC News - Business https://ift.tt/bFZN1y9

McDonald's and Coca-Cola boycott calls grow over Russia

Food and drink giants have been criticised on social media for failing to speak out on Ukraine's invasion.

from BBC News - Business https://ift.tt/dhoFNuB

Lord Barker resigns from Russian oligarch-linked firm EN+

The Conservative peer steps down from EN+, which is majority-owned by Oleg Deripaska.

from BBC News - Business https://ift.tt/an4FdPo

Ukraine conflict: Oil price soars to highest level since 2008

Consumers are feeling the impact of higher energy costs as fuel prices and household bills jump.

from BBC News - Business https://ift.tt/dE5wkeN

Ukraine war is 'catastrophic for global food'

One of the world's biggest fertiliser firms says the conflict could deliver a shock to food supplies.

from BBC News - Business https://ift.tt/BiYRk5P

Ukraine parts shortage hits Oxford Mini production

Production at Plant Oxford is stopping until 18 March due a shortage of parts from Ukraine.

from BBC News - Business https://ift.tt/YrGIJ7f

TikTok stops new content being uploaded in Russia

The video streaming platform says it is protecting users while it assesses Russia's new "fake news" laws.

from BBC News - Business https://ift.tt/yWS21HQ

Shell defends 'difficult' decision to buy Russian crude oil

The oil giant confirmed it made a purchase of Russian crude oil on Friday but said it had "no alternative".

from BBC News - Business https://ift.tt/phYxlsQ

Visa and Mastercard suspend Russian operations

The payments giants are pulling out of the Russian market in protest at its invasion of Ukraine.

from BBC News - Business https://ift.tt/PkwQMlS

Zara, Paypal and Samsung suspend business in Russia over Ukraine invasion

Inditex, which owns Zara and several other major brands, will close all of its 502 stores in Russia.

from BBC News - Business https://ift.tt/mW7zU1b

Facebook hits out at Russia blocking its platforms

The Russian communications regulator said on Friday that Facebook has been blocked in the country.

from BBC News - Business https://ift.tt/KDitEqV

Ukraine finance minister calls for 'severe' sanctions

Serhiy Marchenko told the BBC that he had asked G7 leaders for more punitive sanctions to be introduced.

from BBC News - Business https://ift.tt/m73o0dL

Microsoft stops selling products in Russia

The tech giant will no longer sell products and services there following the invasion of Ukraine.

from BBC News - Business https://ift.tt/lABYbpO

Supermarkets remove Russian vodka from shelves

Sainsbury's also announces it will rename chicken Kiev as chicken Kyiv in support of Ukraine.

from BBC News - Business https://ift.tt/LcWml09

US jobs growth stronger than expected

The economy added 678,000 jobs last month and the unemployment rate fell to 3.8%, official figures show.

from BBC News - Business https://ift.tt/fQuW8JM

Price of first class stamps to rise to 95p

Royal Mail says letter deliveries are continuing to decline, but operating costs are going up.

from BBC News - Business https://ift.tt/JzvLiNm

World Bank warns Ukraine war will cut global growth

The president of the World Bank tells the BBC the war in Ukraine is a catastrophe

from BBC News - Business https://ift.tt/aLGquUc

The bosses helping staff pay their soaring energy bills

With the cost of electricity and gas set to rise further, some firms are giving workers a pay rise.

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Biden targets Russian elite with new sanctions

President Putin's spokesman is one of the latest Russians targeted in the new round of sanctions.

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Bet365 boss Denise Coates gets £300m pay package - a £170m cut

Billionaire Denise Coates, founder of gambling firm Bet365, takes a £170m cut in pay and dividends.

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Ukraine: UK sanctions oligarchs Alisher Usmanov and Igor Shuvalov

Billionaire Alisher Usmanov and Russian ex-Deputy Prime Minister Igor Shuvalov face UK sanctions.

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Countries urged to stop buying Russian oil and gas

The boss of Ukraine's largest energy firm, Naftogaz, says Russian sanctions should be stronger.

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Ladbrokes owner Entain repays some furlough after outcry

An MP says it is "shameful" that Entain is not repaying all of the money, despite soaring profits.

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Russians look to move money to beat UK sanctions

A lawyer says wealthy Russians are looking to move their money out of the UK to escape sanctions.

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Ukraine conflict: JCB announces pause in business with Russia

The UK firm, which acted after Ukraine's invasion, has an office and factory in the Moscow area.

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Oil price rises again as buyers shun Russian crude

Oil and gas prices continue to march upward as Western nations clamp down on major producer Russia.

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Ryanair boss: Air fares will be higher this summer

Soaring oil prices and Covid effects will push up air fares this summer, says Michael O'Leary.

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UK ports 'working at pace' to block Russian ships

Russian ships are diverting, are at anchor, or are being packed up after UK bans them from docking.

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House prices see record cash rise, says Nationwide

The building society says the cost of a typical UK home rose by a record £29,162 in the last year.

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Shop prices rise at fastest rate in over ten years, says BRC

In February, shop prices rose at their fastest rate in over a decade according to one industry group.

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Apple to halt sales and limit services in Russia

Apple is the latest firm to stop selling products in Russia and will limit Apple Pay and other services.

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Ship carrying 4,000 luxury cars sinks off the Azores

A ship carrying thousands of luxury cars has sunk nearly two weeks after it caught fire.

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Russian oligarch Fridman calls for end to Ukraine war

But Mikhail Fridman avoids criticising President Putin as it could be risky for himself and staff.

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Sainsbury’s to close 200 cafes putting 2,000 jobs at risk

The supermarket chain says it is planning to close 200 of its in-store cafes next month.

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Ukraine conflict: Shares fall as Russia warned it faces collapse

Europe's stock markets fall as France's finance minister says the West is waging economic and financial war.

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Ukraine invasion: Russians feel the pain of international sanctions

Russians are starting to feel the effect of sanctions aimed at punishing the country for invading Ukraine.

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