China commercial hub Shanghai eases lockdown

China's biggest city, a vital global trade hub, begins to relax crippling Covid restrictions.

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Sector must improve lorry driver conditions or face tax, MPs say

The haulage industry should be given two years to make changes or face a new tax, a report says.

from BBC News - Business https://ift.tt/P4Yxti2

Cost of living: Lessons from history about how we spend

What can a treasure trove in Leeds tell us about why we hoard our money?

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Cancelled flights: Travel firms have oversold flights and holidays - Shapps

The UK's transport secretary demands to meet with airlines and airports to "find out what's gone wrong".

from BBC News - Business https://ift.tt/o0tr9OW

Russian gas firm Gazprom to cut some supply to Shell

Shell says it will work to keep Europe supplied after Gazprom says it will cut flows to it and Orsted.

from BBC News - Business https://ift.tt/ef4AvNp

French officials told to abandon gaming Anglicisms

Use “jeu video de competition” instead of "e-sports", language watchdog the Académie Française says.

from BBC News - Business https://ift.tt/c7LeINS

What are my rights if my flight is cancelled?

Airlines including Tui and EasyJet have cancelled dozens of flights over the half-term holiday.

from BBC News - Business https://ift.tt/zcQyX6e

Holiday firm cancels flights ahead of Jubilee break

Tui has cut six flights a day as around two million passengers prepare to fly over the bank holiday.

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Shanghai lockdown: China's financial hub set to lift Covid curbs

Authorities in the commercial hub have also announced new economic support measures for businesses.

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Half-term holiday plans in shreds as flights cancelled

Passengers are reporting being told at the flight gate that their trip has been cancelled.

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

Budget pasta prices jump 50% as food staples rise

Data reveals prices of some everyday items rose by 15% but the average increase is below inflation.

from BBC News - Business https://ift.tt/25yUPmn

Cost of living crisis: Relying on food handouts and moving country

People from Italy, Brazil, Ghana, Thailand and New Zealand discuss the impact of the cost of living crisis.

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

Shanghai lockdown: Chinese financial hub set to lift curbs on firms

Authorities in the commercial hub have also announced new economic support measures for businesses.

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Drivers warned of Platinum Jubilee traffic delays

The RAC estimates 19.5 million road trips over the break with traffic likely to be worst on Friday.

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The top spies fighting terrorism three days a week

If job-sharing mums can lead GCHQ why isn't this way of working more common?

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

Half-term travel: Dover passengers 'stuck for hours' at border control

P&O Ferries say delays are "out of their control" as borders are operated by French authorities.

from BBC News - Business https://ift.tt/5pN4FQd

Why can't the US stop soaring oil and gas prices?

As prices rise, oil and gas firms in the US want to capitalise - but the industry has changed.

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

Norwich City 'in talks' with Millwaukee Brewers' owner

It is understood the owner of Millwaukee Brewers met officials at the club's home ground.

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Chelsea sale: Todd Boehly consortium set to complete deal on Monday

Chelsea say a "final and definitive agreement" was entered into on Friday night to sell the club to the consortium led by LA Dodgers co-owner Todd Boehly.

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Twitter fined $150m in US for selling users' data

Federal investigators say the social media company broke rules on giving personal data to advertisers.

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Japan opens up to foreign tourists after two years

Visitors from 98 countries will be allowed to enter, but some restrictions still remain.

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EasyJet to cancel more than 200 half-term flights from Gatwick

The airline says cancellations are required to provide reliable services in the busy holiday period.

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Missguided fashion retailer on verge of collapse

The fast fashion brand could call in administrators as early as Monday, the BBC has been told.

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

Cost of living crisis: Sheerness cafe owner sleeps on shop floor to save money

Steve Jackson skips meals to help pay the rent on his vintage tea shop in Sheerness High Street.

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Business confidence is falling, says Natwest boss

Firms face problems with supply chains, energy bills and skill shortages, says Alison Rose.

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McDonald's defeats Carl Icahn in vote over pigs

McDonald's shareholders rejected proposals from Carl Icahn who voiced concerns over the treatment of pigs.

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Cost of living package will have minimal impact on inflation, says Rishi Sunak

The chancellor defends measures to help with the cost of living, which he is not calling a windfall tax.

from BBC News - Business https://ift.tt/Zcy5zej

Windfall tax will drive away North Sea investors, says industry body

Oil and gas operators fear a new levy will create "long-lasting uncertainty over future investment".

from BBC News - Business https://ift.tt/H7m32MZ

P&O Ferries boss 'incredibly sorry' for impact of sackings

The company sacked almost 800 seafarers in March to replace them with cheaper agency workers.

from BBC News - Business https://ift.tt/a7AfliM

Cost of living: What Rishi Sunak's help means for you

The chancellor says the new support will help with soaring bills, so how will you be impacted?

from BBC News - Business https://ift.tt/W3wt8gf

UK households to get energy bill discounts of £400 this autumn

The poorest will also get a lump-sum of £650 to help with the cost of living, Rishi Sunak says.

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Newport Wafer Fab: Chinese buyout of UK's biggest chip plant to be reviewed

The UK government says it will make a national security assessment of the sale of Newport Wafer Fab.

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

'We don't want UK-EU trade war' - Irish PM

Micheál Martin says he is hopeful he will not have to contemplate tariffs against UK exports.

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Energy bill support of £10bn set to be unveiled

A new package to help people with rising energy bills will be funded by a windfall tax on energy firms.

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Volkswagen to pay out £193m in UK 'dieselgate' settlement

More than 90,000 people will get payouts over the installation of emissions cheating devices.

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

Energy firm SSE announces £1.5bn operating profit

The Perth-based firm will invest more than £15bn in Scotland's energy infrastructure this decade.

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

Pfizer will not sell drugs for profit in poor nations

US pharmaceutical firm Pfizer said it would sell its patented drugs at cost to 45 low-income countries.

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

Rail strike threat over pay not unreasonable, says union

A rail workers' union urges operators to negotiate on pay after its members voted to hold a strike.

from BBC News - Business https://ift.tt/dyaW6Du

US closes loophole for Russian debt payments

The move by the US Treasury Department could push Russia closer to default.

from BBC News - Business https://ift.tt/Rd3hyMN

Mining giant pleads guilty to UK bribery charges

Glencore's UK subsidiary pleads guilty to bribery in London, while the firm resolves similar US claims for $1bn.

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Cost of living: Government plan to help households could come in days

The BBC understands an announcement could be made as soon as Thursday after growing pressure on Downing Street.

from BBC News - Business https://ift.tt/npmFY6L

Putin weaponising Ukraine’s crops, says Polish PM

Mateusz Morawiecki also warned that only the Russian leader would be “happy” with a UK-EU trade war.

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

Energy price cap set to rise to £2,800 in October

Industry regulator Ofgem warns households that they should expect higher energy bills.

from BBC News - Business https://ift.tt/neBOjT9

Energy firms warn against extending windfall tax to renewables

Applying a windfall tax to renewable energy could threaten the government's energy strategy, sources say.

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

What Didi's US exit tells us about China and Wall Street

The Chinese ride-hailing giant will quit Wall Street less than twelve months after its US market debut.

from BBC News - Business https://ift.tt/Xbe0Fua

Starbucks withdraws name from Russia after 15 years

The coffee giant makes the decision to exit after suspending operations there in March.

from BBC News - Business https://ift.tt/Tr4KFeG

Ukraine calls for safe passage for grain exports

The country's inability to export its grain has led to food prices rising around the world.

from BBC News - Business https://ift.tt/tS6NMpq

Millionaires at Davos say 'tax us more'

At the annual meeting of the business and political elites, wealthy attendees call for fairer tax.

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Cost of living: We cannot rule out a windfall tax, says minister

Simon Clarke will not confirm a levy on energy firms to tackle rising costs, but promises pragmatism.

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

HSBC suspends banker over climate comments, reports say

The banking giant has declined to comment on media reports that Stuart Kirk has been suspended.

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Cost of living: Two-child families paying £400 a month more

The rising cost of energy, transport and childcare is forcing families to make tough choices.

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

Palm oil firms depriving tribes of millions of dollars

Companies supplying major manufacturers fail to meet promises to share land, joint BBC investigation finds.

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

Pay gap from bosses to staff to widen - think tank

The High Pay Centre says pay gaps were the greatest in the retail sector in the early months of 2022.

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

Rail unions vow to fight government strike threat

Transport Secretary Grant Shapps claims a new law would protect shipments from disruption.

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

E.On UK boss warns 40% of customers face fuel poverty

Chief executive Michael Lewis has called for government intervention to help struggling households.

from BBC News - Business https://ift.tt/TPcDb1F

Governments should subsidise food and energy - IMF boss

Kristalina Georgieva says government subsidies can help with the cost of living crisis.

from BBC News - Business https://ift.tt/2keb1U0

Will there be a national rail strike?

A strike ballot of 40,000 members of the RMT union closes on Tuesday.

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

Russia halts gas supplies to Finland

Finland has refused to pay for gas in roubles but also angered Moscow by applying to join Nato.

from BBC News - Business https://ift.tt/IAhO2xt

Menopause and miscarriage funds for working women praised

Applications for grant funding are now open to charities who help support women in the workplace.

from BBC News - Business https://ift.tt/1QtXda8

Cost of living: What are Rishi Sunak's options to ease the burden on households?

There are ways the chancellor could tackle the strain on people's pockets - but what do they cost?

from BBC News - Business https://ift.tt/yl89Bwh

Hinkley Point C delayed by a year as cost goes up by £3bn

The revised operating date for the Somerset site is June 2027 and is expected to cost up to £26bn.

from BBC News - Business https://ift.tt/8lTaftO

Sunday Times Rich List: Rishi Sunak and Akshata Murty among UK's wealthiest

The chancellor and his wife Akshata Murty make the Sunday Times Rich List with their £730m fortune.

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Twitter steps up Ukraine misinformation fight

The social media platform says it will put false claims from official accounts behind warning notices.

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

Iceland to launch over-60s discount as cost of living soars

The supermarket chain says it wants to support older customers through the cost of living crisis.

from BBC News - Business https://ift.tt/YB8pMkz

McDonald's finds local buyer for Russian business

The burger giant, which is leaving Russia after more than 30 years, has sold its restaurants to a franchisee.

from BBC News - Business https://ift.tt/TYnBZo8

Pressure builds on Rishi Sunak to act now on living costs

The CBI and the TUC urge the government to help the "hardest hit" as inflation soars.

from BBC News - Business https://ift.tt/sigu82I

Royal Mail warns it will put prices up again

The company says it has to act to cover higher costs, including wages, energy and fuel expenses.

from BBC News - Business https://ift.tt/4j0iTWX

Sri Lanka defaults on debt for first time in its history

The default comes as the country struggles with its worst financial crisis in more than 70 years.

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Martin Shkreli 'Pharma bro' released early from prison

Mr Shkreli was convicted in 2017 of defrauding investors.

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Government windfall tax U-turn inevitable, says Keir Starmer

Boris Johnson does not rule out a tax on the energy giants, as he is accused of dithering by Labour.

from BBC News - Business https://ift.tt/aW4ZEFS

Rishi Sunak warns of tough few months as inflation soars

The chancellor says it won't be easy to tackle cost of living crisis as inflation hits 40-year high.

from BBC News - Business https://ift.tt/s1JQrER

McDonald's and Wendy's sued for burger ads that mislead on size

A lawsuit accuses the firms of advertising burgers that look bigger than they actually are.

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

UK inflation: 'There's not much more I can do to save money'

We asked people across the country how they are coping with the rising cost of living.

from BBC News - Business https://ift.tt/UK0EYub

What is the UK's inflation rate and why is the cost of living going up?

UK inflation is rising at 9%, its fastest rate for 40 years, and could go even higher.

from BBC News - Business https://ift.tt/2CgEQH7

Tesco shopper's plea to bring back till staff

Pat McCarthy says there are not enough staffed tills for those who struggle with self-service machines.

from BBC News - Business https://ift.tt/0QKOgk8

How Gen Z is hooked on cryptocurrency and NFTs

A growing number of young people are getting into crypto trading - despite the risks.

from BBC News - Business https://ift.tt/yIT018Y

Global firms are boosting baby formula supplies in the US

Nestle is flying in additional shipments from Europe as the US faces a shortage.

from BBC News - Business https://ift.tt/By35xPq

Petrol retailers told to pass on fuel duty cut

The government wants to ensure companies pass on tax cuts to motorists as diesel prices hit new highs.

from BBC News - Business https://ift.tt/DX0BsLk

Warning over shrinking school meals as prices rise

The boss of a major food wholesaler says school caterers face "difficult decisions" as prices rise.

from BBC News - Business https://ift.tt/G4YUWBS

Elon Musk warns Twitter deal stuck without fake account proof

The deal to buy Twitter can't "move forward" without proof of spam account numbers, Mr Musk says.

from BBC News - Business https://ift.tt/KXIGi1E

Goldman Sachs to offer senior staff unlimited holiday

Investment bank Goldman Sachs will no longer cap paid leave for its senior staff and partners.

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

Diesel prices reach record of over £1.80 a litre

The RAC says prices rose to just over £1.80 a litre after the previous record was set in March.

from BBC News - Business https://ift.tt/kr61TKF

Ryanair warns prices to rise for European summer trips

Michael O'Leary warns high demand for European beach holidays will mean price rises.

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

Energy watchdog proposes setting price cap every three months

Ofgem says a review every three months would allow households to benefit sooner from falling prices.

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

Shanghai lockdown: China unemployment rate near pandemic peak

Evidence of China's economic slowdown came as authorities unveiled plans to lift Shanghai's lockdown.

from BBC News - Business https://ift.tt/SJe9HCQ

Ukraine war: Global wheat prices jump after India export ban

World wheat prices have soared this year, pushing up the cost of everything from bread to noodles.

from BBC News - Business https://ift.tt/THXjiR4

'I was jumping through hoops to get a loan'

One firm tells of its struggles as a survey suggests lending to small businesses has hit an all-time low.

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

EasyJet offers £1,000 bonus as airlines battle to recruit staff

The airline will offer new and existing cabin crew the bonus, as carriers seek to retain and recruit workers.

from BBC News - Business https://ift.tt/0fhypW6

Cost of living: Labour to call vote on windfall tax for oil and gas companies

It is shameful not to raise extra money from oil and gas firms amid the rising cost of living, Ed Miliband says.

from BBC News - Business https://ift.tt/p8nlcxE

NHS prescription charges in England to be frozen

Not raising the fees for the first time in 12 years puts money back in people's pockets, ministers say.

from BBC News - Business https://ift.tt/0ZwoQX1

Saudi Aramco: Oil giant sees profits jump as prices surge

The state-owned Saudi Aramco is currently the world's most valuable company due to soaring oil prices.

from BBC News - Business https://ift.tt/iRUcC7f

Covid: Have the lockdown success stories lost their shine?

Some businesses which boomed during the Covid pandemic are seeing their popularity fade.

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

'I pawned my laptop to pay for food and petrol'

People on low incomes are pawning their possessions to pay for essentials, a report suggests.

from BBC News - Business https://ift.tt/I9v2d5n

Why the volatile price of aluminium matters

From door frames to aircraft and food packaging - how soaring prices will impact the world economy.

from BBC News - Business https://ift.tt/wTO87sf

Russian operator to suspend electricity supply to Finland

Russian operator RAO Nordic says it will cease deliveries from Saturday, citing payment problems.

from BBC News - Business https://ift.tt/TCjNFE9

Ethnic pay gap: MPs slam rejection of new reporting rules

The decision showed a "lack of will or care", MPs on the parliamentary committee for equality said.

from BBC News - Business https://ift.tt/h9wXRSD

Village pub asked to change name by Vogue magazine

The landlord of the Star Inn at Vogue says he found Condé Nast's request "hilariously funny".

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

Sizewell C: Government delays decision on nuclear power plant

The decision for the £20bn nuclear power plant in Suffolk had been due this month.

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

Elon Musk puts Twitter deal on hold over fake account details

The billionaire tweeted that he wanted to see more information on spam and fake accounts.

from BBC News - Business https://ift.tt/7GciEKT

Drivers cut back on journeys as fuel costs bite

One UK petrol station operator tells the BBC motorists are making fuel "last a little bit longer".

from BBC News - Business https://ift.tt/zkH6yi8

Cost of living: Renters search for tenancies with bills included

The rising cost of essentials such as gas and electricity means tenants want rents to cover bills.

from BBC News - Business https://ift.tt/KiN42yU

Chicken products recalled over salmonella fears

Sainsbury's, Tesco and Aldi are among grocers asking some products to be returned to stores.

from BBC News - Business https://ift.tt/MG8bpg5

Zara starts charging shoppers for online returns

But customers can still return clothes purchased online from the fashion giant for free in stores.

from BBC News - Business https://ift.tt/k8uES1n

Crypto crash: Stablecoin collapse sends tokens tumbling

The sudden demise of TerraUSD sends other crypto-coins into a downward spiral.

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

Tesco trials renting out office space to workers

The move by the retail giant highlights the shift away from traditional office set-ups since the pandemic.

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

Shell agrees to sell Russian retail business to Lukoil

The energy giant will sell its retail business in Russia to the country’s second-largest oil producer, Lukoil.

from BBC News - Business https://ift.tt/yofSa65

Apple iPod creator warns the metaverse will encourage trolls

Tony Fadell says the virtual reality world risks damaging human interaction and creating toxicity.

from BBC News - Business https://ift.tt/HAny2z5

Covid mask rules relaxed for EU air travel

Masks will no longer have to be worn on EU flights and in airports from next Monday, new guidance says.

from BBC News - Business https://ift.tt/QEgb2Kl

Price increases in the US ease slightly in April

The cost of clothing and used cars slipped, but prices for many other items continued to rise.

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

Energy bills set to rise again in October, regulator warns

Jonathan Brearley says it is a matter of life and death if some people cannot afford energy bills.

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

Energy firm windfall tax has not been ruled out

Officials say Rishi Sunak is still open to the idea if energy firms do not reinvest their profits in the UK.

from BBC News - Business https://ift.tt/obvk958

Ukraine sanctions: What pain lies ahead for Russia's economy?

Russia has been hammered by sanctions introduced by Western countries since its invasion of Ukraine.

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

UK government to bring in e-scooter law

It says it plans to legislate to make private e-scooters 'safer' as part of a new transport law.

from BBC News - Business https://ift.tt/c7ZTJwf

Elon Musk would reverse Donald Trump's Twitter ban

He says Twitter's decision to ban the former US president was 'morally wrong and flat-out stupid'.

from BBC News - Business https://ift.tt/1ajpZ0P

Apple discontinues the iPod touch after 21 years

The tech giant says the device will remain on sale "while stocks last".

from BBC News - Business https://ift.tt/9rHp2U8

Peloton warns 'turnarounds are hard' as losses rise

Demand for Peloton's bikes and treadmills has sunk as pre-pandemic exercise habits return.

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

PwC hits back at Lord Sugar 'lazy gits' comment

The Apprentice host had criticised the accountancy giant's new flexible work policy

from BBC News - Business https://ift.tt/FonvAf0

Queen's Speech: Government turning its back on workers, unions say

The TUC says the omission of an Employment Bill from the Queen's Speech will see "bad bosses celebrating".

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

Twitter: X marks the spot for Elon Musk's growth plans

A document shown to prospective investors may shed light on the Tesla boss plans for Twitter.

from BBC News - Business https://ift.tt/tQLbg5R

Is it fair for fantasy football managers to rely on AI?

Some managers think artificial intelligence helps remove their bias but others think it's cheating.

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

Birmingham Airport: 'Chaos' as travellers face long queues

Passengers report having to wait two hours to get through checks at Birmingham Airport

from BBC News - Business https://ift.tt/nS1krFW

The perfect storm increasing the cost of a crucial metal

Nickel is essential for batteries and stainless steel but suppliers are struggling to meet demand.

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

Bitcoin value drops by 50% since November peak

The slide in the value of cryptocurrencies comes as stock markets around the world have also fallen.

from BBC News - Business https://ift.tt/1P9fKSV

New UK sanctions for Russia and Belarus

The penalties will target £1.7bn of trade to further weaken Vladimir Putin's Ukraine invasion.

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

Universal credit switchover is a bad move, say charities

A forced move to universal credit, which begins on Monday, raises fears for vulnerable claimants.

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

Cost of living: More Britons say they skip meals or go hungry

The number of those struggling to buy food rises by 57% in three months, according to a survey.

from BBC News - Business https://ift.tt/BaxU6CV

Firm set to buy McColl's urged to take on staff pensions

The billionaire Issa brothers are set to take over the troubled chain on Monday but may not take on pension liabilities.

from BBC News - Business https://ift.tt/4B3dhiv

EasyJet to take out seats so it can fly with fewer crew

The airline plans to remove a row of seats so that it can fly with fewer cabin crew on board.

from BBC News - Business https://ift.tt/swXejn0

Ukraine war: Russian energy embargo needed now, says finance minister

An EU ban on oil and gas from Russia would limit its ability to fight in Ukraine, Sergeii Marchenko says.

from BBC News - Business https://ift.tt/wh7S0cI

Mine e-waste, not the Earth, say scientists

Scientists call for electronic waste to be mined for precious metals as supplies of new materials become ‘unsustainable’.

from BBC News - Business https://ift.tt/mSJ02Oc

Shop owners to be forced to rent out empty premises, government says

Ministers call boarded-up premises a "blight" and say councils need stronger powers over landlords.

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

Amazon targets review firms with legal action

The tech giant has accused four companies of flooding its shopping sites with fake reviews.

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

New energy firms took high risk strategy - report

A report into regulation when 30 energy companies went bust exposes failures by Ofgem.

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

Travel limits on international music tours to be eased

UK hauliers with another base abroad will be able to make unlimited stops from late summer.

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

US job creation beats forecasts despite headwinds

Employers added 428,000 jobs last month, while the jobless rate held steady at 3.6%.

from BBC News - Business https://ift.tt/IQBk9qp

UK government sets out plans to rein in Big Tech

A regulator will have powers to fine firms such as Google and Meta if they fail to follow new rules.

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

US markets see worst losses since 2020 after rate rise

The Dow falls by more than 3% as investors worry about how rising prices will hit growth.

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

McColl's convenience store chain on brink of collapse

The retailer said on Thursday that it was increasingly likely it would enter administration.

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

Interest rates: What are they and how high could they go?

Interest rates are one of the main tools used to keep the UK economy growing steadily.

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

Elon Musk lines up $7bn backing for Twitter deal

The billionaire has tapped the likes of Oracle's Larry Ellison and Sequoia to finance the takeover.

from BBC News - Business https://ift.tt/qv2lJAa

Africa's digital business: The women swapping shops for smartphones

Three African women explain how they have boosted their income by going digital since the start of Covid.

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

Dubai a haven for wealthy Russians fleeing sanctions

Property purchases by Russians in Dubai surged by 67% in the first quarter of 2022, a report says.

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

Cyber-security chiefs warn of malicious app risk

Devices from smart speakers to fitness trackers have apps, and cyber-criminals are exploiting weaknesses.

from BBC News - Business https://ift.tt/7ZA4Grl

US makes biggest interest rate rise in 22 years

The Federal Reserve is under pressure as the US grapples with its worst inflation in four decades.

from BBC News - Business https://ift.tt/YJ5HZDV

Halifax apologises after interest rate email blunder

Halifax has said sorry after it incorrectly said the Bank of England had raised interest rates.

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

Ukraine conflict: What is Swift and why is banning Russia so significant?

More Russian banks are being banned from the Swift financial network but what impact will this have?

from BBC News - Business https://ift.tt/FIht20M

Ukraine: UK cuts Russia off from management services

Russian firms are banned from using British management consulting, accounting and PR services.

from BBC News - Business https://ift.tt/R2OXuMo

The perfect storm increasing the cost of a crucial metal

Nickel is essential for batteries and stainless steel but suppliers are struggling to meet demand.

from BBC News - Business https://ift.tt/m67IGni

Estee Lauder: Cosmetics rebound outside of China

The makeup giant cut its sales forecast due to Covid restrictions in China.

from BBC News - Business https://ift.tt/oaPRB1Q

Energy firms face deadline in review of direct debit hikes

Some companies have three weeks to respond to accusations they have set direct debits too high.

from BBC News - Business https://ift.tt/LkZWX8r

P&O brings back passengers on cross-Channel route after sackings

Tuesday marks the first time that drive-on passengers and tourists can use P&O in almost six weeks.

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BP profits soar amid calls for a windfall tax

The energy giant said underlying income hit $6.2bn due to 'exceptional oil and gas trading'.

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Australia raises rates for first time in 11 years

It puts extra strain on Australians - and Prime Minister Scott Morrison - ahead of a looming election.

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London trader made error in 'flash crash', Citigroup says

The benchmark Stockholm OMX 30 share index fell by 8% at one point on Monday morning.

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Post office: Workers at 114 branches strike over pay

The Crown Post Offices will close for 24 hours as staff walk out in a dispute over pay.

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Amazon will pay US staff travel expenses for abortions and other treatments

The firm will reimburse travel costs for various treatments in the US, including abortion.

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EU divided over how to step away from Russian energy

EU energy ministers met to discuss a possible ban on Russian oil, but members remain split.

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EU accuses Apple of breaking competition law over contactless payments

The US tech giant denies it is restricting rivals' access to its mobile payments technology.

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Law firm says staff can work from home - for 20% less pay

Staff can choose to work remotely, but will have their pay cut, says city law firm Stephenson Harwood.

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Netflix cancels Meghan Markle animated series 'Pearl'

The announcement comes as the streaming giant makes cost cuts after subscriber numbers fell.

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Free-range eggs return as hens are allowed back outside

People can once again buy free-range eggs after measures to control a bird flu outbreak were relaxed.

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Qantas promises direct flights from Sydney to London and New York

Australia's carrier says its new fleet will be capable of direct flights to any city in the world.

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Eid celebrations squeezed by cost of living crisis

Some Muslim families celebrating the end of Ramadan are feeling the pinch of rising prices.

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Unravelling Australia's complex jobs puzzle

An uneven recovery from the pandemic leaves graduates struggling to get on the career ladder.

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Asda chairman Stuart Rose: Food prices will keep rising

Stuart Rose says that consumers "will suffer" from continuing cost of living price hikes.

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