Two million more people paying higher rate tax

The number of workers in higher income tax bands has risen by almost two million in three years, says HMRC.

from BBC News - Business https://ift.tt/Ct6mZxF

Thousands of BT workers vote to strike over pay

Strike action would disrupt broadband rollout and cause issues with working from home, a union says.

from BBC News - Business https://ift.tt/mvrg2ad

Halifax says pronoun badge critics can close accounts

The bank tells customers who object to pronouns on name badges they are welcome to close their accounts.

from BBC News - Business https://ift.tt/Md1lyUC

Post Office scandal victims victims to get more money

More than 500 subpostmasters are to get an interim payment from the government worth around £40,000 each.

from BBC News - Business https://ift.tt/do0uJj4

Ben & Jerry's criticises resumption of sales in Israeli settlements

The ice cream maker is unhappy with Unilever's deal to continue sales in the occupied West Bank.

from BBC News - Business https://ift.tt/rx75fhi

Ghost broking: Young and vulnerable people targeted by insurance scam

There's a warning to "safeguard personal finances against fraud" amidst the cost of living crisis.

from BBC News - Business https://ift.tt/CxkuH90

Heathrow Airport announces more flight cancellations

The cancellations are because more passengers are expected at the airport than it can cope with.

from BBC News - Business https://ift.tt/RgMolZ9

Royal Mail managers vote to strike over job cuts

Proposed strike dates will be announced in the coming days, Unite the Union says.

from BBC News - Business https://ift.tt/LUNY01Z

Israel welcomes Ben & Jerry's reversal over West Bank settlements

Unilever agrees a deal to continue selling the ice cream throughout Israel and the occupied West Bank.

from BBC News - Business https://ift.tt/rx75fhi

Farmers cut food production as costs soar

Soaring costs are forcing farmers to cut back on food and milk production.

from BBC News - Business https://ift.tt/26C4HGv

Heinz products off Tesco shelves after pricing dispute

The beans, sauce and soup-maker is pausing supply to the UK's largest supermarket in a wrangle over price rises.

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

Steel import tariffs extended for two years

Controls have been extended because of "global disruptions" to energy markets, the government says.

from BBC News - Business https://ift.tt/rNu5vGw

Nearly five million fewer donating, says charity sector

Nearly five million fewer people are donating in the UK compared to 2019, a survey suggests.

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Rail workers outdated, says Transport Secretary

Union rejects comments by Grant Shapps suggesting that updates are needed to railway working practices.

from BBC News - Business https://ift.tt/kDhe2wp

Poundland boosts £1 products in battle for shoppers

The discount chain says it is seeing a rise in customer numbers as people seek savings.

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

UK decides AI still cannot patent inventions

Many experts doubted AI was currently able to invent without human assistance, a consultation found.

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Walgreens abandons Boots sale after market turmoil

The owner of the UK pharmacy chain says no buyer was able to make an adequate offer.

from BBC News - Business https://ift.tt/8hk9LuC

Scratch card sales fall as cost of living rises

Camelot says there are signs consumers have "tightened their belts" as living costs rise.

from BBC News - Business https://ift.tt/AoJ9RZp

Businesses urged to slash prices by cost of living tsar

David Buttress will launch a taxpayer-funded campaign after asking business to come up with ideas to help consumers.

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

Post Office workers to strike over pay

The one-day strike will take place on 11 July over what a union called a "massive real-terms pay cut".

from BBC News - Business https://ift.tt/qRGjbZ6

Sainsbury's pressed to join real living wage scheme

Shareholders call for the supermarket to make an ongoing commitment to paying higher wages.

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Plan to cut energy bills if you avoid peak-time use

Some households could get discounts for using less energy at peak times under National Grid's scheme.

from BBC News - Business https://ift.tt/Y3KlcHP

Landlord warning over tenant eviction laws in Scotland

The Scottish Parliament will decide whether emergency Covid powers should be made permanent.

from BBC News - Business https://ift.tt/ajOiSt7

Hobbycraft to open three new stores as profits rise

Hobbycraft sees a rise in profits in the 2022 financial year but predicts a "challenging" future.

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Japan urges 37 million people to switch off lights

Officials have asked people in Tokyo and its surrounding area to turn off lights amid a heatwave.

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G7 summit: Leaders detail $600bn plan to rival China's Belt and Road initiative

The revamped plan will see fresh funds being injected into development projects in Asia and Africa.

from BBC News - Business https://ift.tt/AxIB3ja

Boris Johnson signals controls on steel imports to stay

The government says the move would protect British producers at a time of rising energy costs.

from BBC News - Business https://ift.tt/tdCWsR5

Thousands of PwC staff to get 9% pay rise to offset cost of living

The accountancy firm's chairman Kevin Ellis says the company "can't ignore market pressures".

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

Roe v Wade: US firms pledge to pay staff travel expenses for abortions

Disney, JP Morgan and Meta are among the companies to confirm such policies after the Roe v Wade ruling.

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Hajj travellers unable to fly due to ticket delay

Some British Muslims who booked pilgrimages to Mecca could not fly after problems with a new system.

from BBC News - Business https://ift.tt/ti56820

Ukraine war: UK joins ban on imports of Russian gold

The move by the UK, US, Canada and Japan will "strike at the heart of Putin's war machine", the UK PM says.

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Russia on brink of default as debt deadline looms

The country is close to its first default since 1998 as sanctions block payments to creditors

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Rail strikes: Travellers braced for third day of disruption

People are advised to only travel by train if necessary, with just a fifth of services running.

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Rail strikes: Travel disruptions continue after talks to stop third walkout fail

People are told to make only necessary journeys, with one in five services running on Saturday.

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Row over M&S plan to redevelop flagship store

The government is calling a review of the plans which include a smaller shop, offices and a gym.

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

Risk of further BA strikes as more staff consulted

The airline's engineers and call centre workers in the UK are being consulted over industrial action.

from BBC News - Business https://ift.tt/Hp1uxGN

Robinsons ends Wimbledon sponsorship after 86 years

The soft drink has had a partnership with the tennis championships since the mid-1930s.

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Netflix cuts 300 more jobs after subscriptions fall

In April the streaming giant reported its first subscriber loss in more than a decade.

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Davidstow Cathedral City cheese firm pollution fine

Cathedral City manufacturer Dairy Crest has admitted polluting the local area over five years.

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More rail strikes extremely likely, says union boss

Travellers are facing another day of disruption on the second day of strikes, as half the network closes.

from BBC News - Business https://ift.tt/8rQPxK2

Juul: US bans all products from leading vaping company

Authorities say they do not have enough data to be sure Juul's e-cigarettes meet health standards.

from BBC News - Business https://ift.tt/MT57qL0

Nike to make full exit from Russia

Russia's economic isolation deepens as more Western brands leave the country.

from BBC News - Business https://ift.tt/lS3aDU6

British Airways Heathrow staff back summer strikes over pay

About 700 workers at Heathrow Airport vote in favour of industrial action during the summer holidays.

from BBC News - Business https://ift.tt/CH30oe1

Chinese man jailed for sexual assault of Alibaba employee on work trip

The woman was assaulted after being made to drink on a work trip, and then fired after going public.

from BBC News - Business https://ift.tt/PW5Kv91

Just 100 days left to spend paper £20 and £50 notes

It will soon be impossible to pay in shops with the notes, which are being replaced by plastic versions.

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

Twitter tests 'notes' feature with 2,500 word limit

The trial will let some users share "notes" beyond the normal 280-character limit for tweets.

from BBC News - Business https://ift.tt/QP2gYuv

President Biden urges petrol tax 'holiday' as fuel prices bite

Analysts say suspending the tax would do little to lower costs for people at the pump.

from BBC News - Business https://ift.tt/07zI4F1

Ford chooses Valencia for new electric car plant

The US automaker warns of "significant" job losses as part of its changing strategy.

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

Rail strike: Thursday's walkout will go ahead, says the RMT union

The RMT accuses Transport Secretary Grant Shapps of "wrecking" talks as it confirms the walkout.

from BBC News - Business https://ift.tt/C1nSL5Q

Will my summer holiday flights be cancelled?

Aviation workers across Europe have voted to strike this summer, which could cause more disruption.

from BBC News - Business https://ift.tt/yoU4P5n

Chancellor Rishi Sunak defends likely pensions rise

There's criticism of the move as ministers warn workers not to expect pay rises to match increasing costs.

from BBC News - Business https://ift.tt/EmU9bps

Asda says some shoppers setting £30 limit at tills

Rising food prices are sparking a "massive change in behaviour", the supermarket's chairman says.

from BBC News - Business https://ift.tt/v9SY2LG

Ofgem blamed as supplier failures lead to higher energy bills

Billpayers are hit with £94 extra a year after 28 companies collapsed due to energy price hikes.

from BBC News - Business https://ift.tt/rw6lQUz

Call to extend electrical safety checks to social housing

A charity says mandatory checks in England's private rental sector had unearthed thousands of serious hazards.

from BBC News - Business https://ift.tt/lpkcAY8

Rail strike: Millions faced delays and congestion on first day

The PM urges the nation to resist high pay rises but the rail union says it is "leading the way".

from BBC News - Business https://www.bbc.co.uk/news/uk-61879766?at_medium=RSS&at_campaign=KARANGA

Mining firm Glencore pleads guilty to UK bribery charges

One of the world’s biggest mining firms, Glencore, has again pleaded guilty to a series of corruption offences.

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Bayer: US Supreme Court rejects chemical maker's weedkiller appeal

The chemical maker is facing thousands of lawsuits over the risks of its Roundup weedkiller.

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

Rail strikes: 'Working from home just isn't an option'

Despite the rise in working from home in the pandemic, nearly half of workers in Britain commute each day.

from BBC News - Business https://ift.tt/KA5yZNI

Easyjet Spain cabin crew set to strike in July

Flight attendants may walk-out for nine days in July, adding to holiday woes for travellers.

from BBC News - Business https://ift.tt/0szIq1x

Brewdog approached Heineken about partial sale

Brewdog’s CEO was involved in preliminary discussions in 2018 about a potential sale of part of the beer firm.

from BBC News - Business https://ift.tt/l7KLvA0

Cost of living: Rolls Royce staff to get £2,000 payment

More than 14,000 workers could get a one-off sum after firm holds talks with union.

from BBC News - Business https://ift.tt/jHBhT91

US ban on imports from China's Xinjiang to take effect on Tuesday

Officials believe many Uyghurs have been forced to work at factories in the landlocked territory.

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

Rail strikes: RMT says ministers prevented deal

The RMT blames the "dead hand" of government but ministers say unions are opposing progress.

from BBC News - Business https://ift.tt/3aD5nio

Can crumbling cookies sweeten UK data-protection plans?

Government proposals to move away from EU data-protection laws post-Brexit have had a mixed reaction.

from BBC News - Business https://ift.tt/IC3eFm7

'Rail strikes have lost us £500,000 of bookings'

Businesses, commuters and pupils sitting exams anticipate disruption from this week's train strikes.

from BBC News - Business https://ift.tt/5EtwD21

New rules proposed for buy now pay later

The loans are used by millions but ministers want checks on affordability and clearer advertising.

from BBC News - Business https://ift.tt/j4Ilib9

Primark finally goes online in new click-and-collect trial

The retailer will trial click-and-collect at stores after long resisting selling on the internet.

from BBC News - Business https://ift.tt/gEVCXq1

Rail strike: Travellers face reduced service ahead of rail strikes

Last-minute talks are due to take place, but passengers are advised to avoid travel as services prepare to wind down.

from BBC News - Business https://ift.tt/3aD5nio

EasyJet to cut more flights over summer holidays

The airline has scaled back its plans after major airports announced caps on flight numbers.

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

Ukraine war: Russia becomes China's biggest oil supplier

Chinese energy giants have been ramping up imports of heavily discounted Russian oil in recent months.

from BBC News - Business https://ift.tt/7THmXb4

Global inflation: Five ways US rate rise will affect you

The impact of higher interest rates in the US will cascade through the global economy.

from BBC News - Business https://ift.tt/5OsFkd9

Energy bills: Watchdog plans to prevent company closures

Ofgem says it wants to help energy firms be more resilient and better protect consumers if they do fail.

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

Train strikes: Dispute still resolvable, says industry boss

More talks between management and unions are expected on Monday - the day before strikes begin.

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

Rail strikes will punish innocent people, transport secretary says

But union leaders blame politicians for failing to stop the strikes, which will begin on Tuesday.

from BBC News - Business https://ift.tt/C0WuN2D

Interest-free loan scheme aims to reach 20,000 people

People struggling with their finances can access small, zero-cost loans as part of a nationwide trial.

from BBC News - Business https://ift.tt/rCJWv8m

Companies must help cut living costs, says new cost of living tsar

The government's new cost of living tsar says he wants "old friends and colleagues... to help the British people".

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Big Tech must deal with disinformation or face fines, says EU

Tighter EU rules will demand firms such as Google and Meta tackle disinformation on their platforms.

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

Big pay rises could push prices up, says minister

Treasury minister Simon Clarke warns bosses to be "very careful" in setting wage increases.

from BBC News - Business https://ift.tt/C2dRAPc

Italy's Eni says Russian gas supply cut by half

Energy firm Eni says it will only receive half the gas requested from Russia after two days of shortfalls.

from BBC News - Business https://ift.tt/Lg72HDm

WTO agrees deals on Covid vaccines and overfishing

The World Trade Organization announces a raft of agreements after five days of negotiations.

from BBC News - Business https://ift.tt/NMbzGw3

Three things we're cutting back on as prices rise

People in Birmingham and Kent tell the BBC how they are cutting back to cope with the cost of living crisis.

from BBC News - Business https://ift.tt/k8m0dHg

Pensions: Millions receive wrong amount 'for decades'

The errors, which in most cases are worth a few pence a week, are thought to have been discovered in the 1990s.

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Stock markets see big falls as economy fears grow

The Dow Jones share index closed below 30,000 at its lowest level in more than a year.

from BBC News - Business https://ift.tt/oYx9fig

Gazprom: Russian gas boss says 'our product, our rules' in supply row

It comes after energy firms in Germany, Italy and Austria report big falls in Russian gas supply.

from BBC News - Business https://ift.tt/24OP90v

UK interest rates raised to 1.25% by Bank of England

The Bank of England increases rates to 1.25% as it tries to stem the pace of rising prices.

from BBC News - Business https://ift.tt/E7rb4zD

Rail strikes will drive passengers away, Grant Shapps says

Losing passengers will endanger thousands of rail jobs, the transport secretary says.

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

Apple battery row: Millions of iPhone users could get payouts in legal action

The tech giant is accused of secretly slowing down the performance of older models.

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

El Salvador's Bitcoin pet hospital

The Chivo Pets animal hospital, which opened in El Salvador in February, provides whatever care an animal needs for just 25 cents - as long as payment is made with a Bitcoin app.

from BBC News - Business https://ift.tt/M0r7zc3

Summer food prices to rise quickly, say grocery analysts

There will be a spike in food prices this summer, the Institute of Grocery Distribution predicts.

from BBC News - Business https://ift.tt/g1Uj4XH

US makes biggest interest rate rise in almost 30 years

The US central bank raises rates by 0.75 percentage points as it scrambles to contain soaring prices.

from BBC News - Business https://ift.tt/yD8iun3

Heineken says Father's Day beer contest is a scam

A message circulating on Whatsapp offering the chance to win beer is a phishing scam, Heineken says.

from BBC News - Business https://ift.tt/98e3F2v

Rail strike: Only half of train network to be open during action

Network Rail says services will also run at reduced hours on strike days next week.

from BBC News - Business https://ift.tt/D0ZOMNB

Millions to get first cost-of-living payment from 14 July

More than eight million UK homes will get the first of two cost-of-living payments totalling £650.

from BBC News - Business https://ift.tt/br6eTId

Ryanair Afrikaans test: Airline drops controversial South African quiz

Boss Michael O'Leary responds to the row by saying that the quiz "doesn't make sense anymore".

from BBC News - Business https://ift.tt/CKYhM8q

Warning air travel staff issues will last into summer

Staff shortages which disrupted flights recently are unlikely to be fixed soon, firms and unions say.

from BBC News - Business https://ift.tt/r3eq05c

What's happening to Bitcoin?

The value of Bitcoin is at an 18-month low, as the cryptocurrency market continues to tumble.

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

Why you may have a thinking digital twin within a decade

Within 10 years people may be able to have a intelligent online version of themselves.

from BBC News - Business https://ift.tt/BGCJWZ1

'It is all about raising the profile of carers'

The UK economy cannot afford to have more of its 10.5m army of carers quit the workforce for good.

from BBC News - Business https://ift.tt/cyB36M0

Why is inflation in US higher than elsewhere?

A surge in government spending drove US inflation to the highest of advanced economies last year.

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

Europe is prepping for a trade war no-one wants

In the EU, the contingencies for a trade war with the UK are being put in place

from BBC News - Business https://ift.tt/k1d2Ilu

Lloyds Bank staff to get £1,000 to help with cost of living

More than 64,000 workers at the bank will get a one-off payout, following a campaign by the Unite union.

from BBC News - Business https://ift.tt/t3XPSK9

Ukraine war: Russia earns $97bn on energy exports since invasion

A report warns of potential loopholes in efforts to limit use of Russian oil and gas.

from BBC News - Business https://ift.tt/XL93OdD

Heathrow: Passenger numbers continue to rise despite aviation struggles

The hub airport says passenger numbers were at 79% of pre-coronavirus levels last month.

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

UK economy shrinks as firms battle higher prices

The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.

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

South Korea lorry driver strike hits car and steel producers

Thousands of truckers have stopped work over their demands for more pay as they face rising fuel costs.

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

Cost of living: Stock markets slide over global economy concerns

It comes as official figures showed that US inflation hit a more than 40-year high last month.

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

UK farmers turn to Nepal and Tajikistan for fruit pickers

No longer able to rely on workers from places like Ukraine, the UK is recruiting from further afield.

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

Dragons' Den star Hilary Devey dies aged 65

Hilary Devey died at her holiday home in Morocco after a long illness, her former agent confirms.

from BBC News - Business https://ift.tt/N8cF5wO

Fuel prices: Petrol stations face urgent review of fuel duty cut

The business secretary wants to know if a 5p fuel duty cut is being passed on quickly enough to drivers.

from BBC News - Business https://ift.tt/RTUE8mD

Russia unveils 'tasty' McDonald's substitute

The fast food outlets are rebranded as "Tasty and that's it" after the burger giant pulled out.

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

Hajj-Muslim pilgrims face losing out from online booking to Mecca

The Saudi government wants Muslims to book online for Mecca but many have already paid tour agents.

from BBC News - Business https://ift.tt/Chn0Xq8

Rail strike: Agency staff could cover future disruption

The transport secretary says he is preparing to overhaul rules, as rail workers prepare to walk out.

from BBC News - Business https://ift.tt/HGzUhm1

Aukus: Australia to pay €555m settlement to French firm

The €555m settlement draws a line under a row that threatened to torpedo EU-Australia trade talks.

from BBC News - Business https://ift.tt/a4tfxR1

Forecourt fuel thefts rise as petrol prices soar

There has been an increase in motorists driving off without paying or claiming they have no wallet.

from BBC News - Business https://ift.tt/Dlbn0WU

Budgeting: 'I’ll walk to the next shop just to save 5p'

Single mum Safina has taken an extreme approach to saving money since her events business collapsed.

from BBC News - Business https://ift.tt/4h1tAWq

Airports told to stop failing disabled passengers

Some flyers have been left waiting hours for help getting off planes, the UK regulator says.

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

Covid: US to drop test requirement for air travellers

The change, which comes into effect on Sunday, comes after pressure from the travel industry.

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

Energy and food drive US inflation to highest for 40 years

Rising energy and food costs pushed inflation to 8.6% in May, the highest rate in more than 40 years.

from BBC News - Business https://ift.tt/sZQK8HM

Morrisons raises pay as stores battle for staff

The UK's fourth largest supermarket says it will pay a minimum of £10.20 per hour to its workers.

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

Worried households cut back on energy and food

Official data reveals heightened concern among households about the rising cost of living.

from BBC News - Business https://ift.tt/4S5nD9t

India's loan scams leave victims scared for their lives

Bogus apps are being used by hackers to access mobile phone data to threaten and blackmail victims.

from BBC News - Business https://ift.tt/aHZL7NY

The people making money from just surfing the internet

A Canadian tech firm is allowing people to take a cut of online advertising revenue.

from BBC News - Business https://ift.tt/JBI1l3M

Ryanair Afrikaans test: Airline stands by South African language quiz

Many South Africans are outraged about the test in Afrikaans, because of its links to apartheid.

from BBC News - Business https://ift.tt/daf5vMo

Ukraine war: WTO boss warns of global food crisis

If food shipments do not restart from Ukraine, a severe food crisis will last for years, WTO boss says.

from BBC News - Business https://ift.tt/H4iEugb

TikTok probes claims of aggressive work culture

A senior executive at the firm allegedly said he "didn't believe" in maternity leave.

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

Hospitality firms warn June rail strikes will be devastating

Bars, restaurants, theatre, live music, and museums groups say planned strikes will damage Covid recovery.

from BBC News - Business https://ift.tt/vEx3MaB

Petrol prices see biggest daily jump in 17 years

The average cost of filling a typical family car could exceed £100 as soon as Thursday, the RAC warns.

from BBC News - Business https://ift.tt/360WRBa

UK economy to have zero growth next year, predicts OECD

The UK is set to see the slowest growth in the G7 countries of US, Canada, Germany, Japan, France and Italy.

from BBC News - Business https://ift.tt/LXZH2hY

Tesco plant-based food advert banned as misleading

The supermarket's claims of environmental benefit had not been substantiated, says watchdog

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

Birmingham 2022 Commonwealth Games: Thousands of jobs unfilled

Organisers say they have spoken to the Army about filling some of the vacant positions.

from BBC News - Business https://ift.tt/6D3l2X5

Housing market shows signs of cooling, says Halifax

The mortgage lender says buying demand has come down compared to last year.

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

HS2: Government scraps plans for £3bn West Coast Main Line link

Rail bosses react angrily to the scrapping of plans for the line in Cheshire and Greater Manchester.

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

Railway workers to strike over three days in June

The action planned for 21, 23 and 25 June is being dubbed the "biggest rail strike in modern history".

from BBC News - Business https://ift.tt/DGFe58b

World Bank warns of recession risk due to Ukraine war

Many countries around the world, including many in Europe, are expected to face recession, it says.

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

Apple announces buy now pay later, among iOS 16 plans

The tech giant is introducing the controversial service as part of its iOS 16 update.

from BBC News - Business https://ift.tt/S4izcmX

Stuck Brits scramble to get home after axed flights

Many travellers are taking drastic action to get home after being stranded due to flight cancellations.

from BBC News - Business https://ift.tt/zvIE6CG

Rangers, JD Sports and Elite Sports accused of fixing kit prices

UK competition watchdog warns Rangers, JD Sports and Elite Sports can expect fines if found guilty.

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

Top Gun maker Paramount sued over copyright breach

The lawsuit claims the film studio did not have the rights to release Top Gun: Maverick.

from BBC News - Business https://ift.tt/9kO3hXA

AstraZeneca boss: I don't think I would do anything differently

Pascal Soriot was knighted in the Queen’s Jubilee birthday honours for his contributions to science.

from BBC News - Business https://ift.tt/nh3J2rT

South Africa: Wealthy Gupta brothers arrested in UAE

The pair are accused in South Africa of large-scale corruption and exerting unfair political influence.

from BBC News - Business https://ift.tt/s1aJiPr

Shoppers spent less for second month in a row, says BRC

Shoppers are buying footwear and beauty items, but not furniture and electronics, new figures suggest.

from BBC News - Business https://ift.tt/1C9AumR

Revolut's banking app crashes for some customers

The fintech firm says it is working to fix the problem "as soon as possible".

from BBC News - Business https://ift.tt/X8AI4Gc

Elon Musk says Twitter 'thwarting' spam data requests

The billionaire threatens to scrap his takeover, accusing Twitter of not giving him spam account information.

from BBC News - Business https://ift.tt/0AMErY9

More cancelled flights fuel summer holiday fears

Travel agents say staff are dealing with calls from holidaymakers anxious about their plans.

from BBC News - Business https://ift.tt/g7kUirv

Fuel prices surged over bank holiday break, says RAC

Petrol costs surged over the past week and could soon hit 180p a litre, the motoring body says.

from BBC News - Business https://ift.tt/GA8rHPN

Ryanair Afrikaans test: South African fury over language quiz

South Africans flying on Ryanair must take a test in the Afrikaans language to prove their nationality.

from BBC News - Business https://ift.tt/IsMl2UZ

Mercedes recalls almost 1m cars over faulty brakes

The German carmaker said the brakes of some older cars may be affected by "advanced corrosion".

from BBC News - Business https://ift.tt/0rgyh6N

The workers getting 100% pay for 80% of the hours

The biggest ever trial of a four-day week gets under way with up to 70 firms taking part.

from BBC News - Business https://ift.tt/310CKp6

Love Island stylist curates second-hand wardrobe for show

For the first time, ITV's Love Island contestants will be dressed in pre-owned clothes.

from BBC News - Business https://ift.tt/WI78cjD

Flight cancellations: Children and teachers stranded abroad as school starts

Hundreds of flights cancelled over the half-term break mean some pupils are missing the start of school.

from BBC News - Business https://ift.tt/tiCW3oB

Shortage of homes to rent leads to tenant bidding wars

Tenants are going to great lengths to secure a home from offering big deposits to sharing photos of their dogs.

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Easyjet cancels 80 flights as travel disruption continues

Airlines continue to cancel flights as travel secretary says industry must solve labour shortages.

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Post Office strike: Workers to walk out over pay dispute

More than 110 Post Offices close for 24 hours as staff walk out in a dispute over pay.

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London's iconic Camden Market put up for sale

The market's billionaire owner is reportedly hoping a deal will net him as much as £1.5bn.

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US firms add more jobs than expected in May

Key data shows that employers added 390,000 jobs while the jobless rate stayed at 3.6%.

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Investors seek millions from Woodford fund collapse

A claim representing 1,500 investors wants £18m from the 'referee' of Neil Woodford's fund.

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Shoppers not returning to Scotland's stores

Scottish shopper footfall was 16.4% down on the same month in the year before the pandemic.

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Chicken rice: Why Singapore's much-loved dish is under threat

The city state is feeling the impact of Malaysia's export curbs on chicken.

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Fans of one of the city state's favourite dishes are feeling the impact of price rises.

The city state is feeling the impact of Malaysia's export curbs on chicken.

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Travel industry plea for overseas workers rejected

The government rejects firms' request for special visas to fill thousands of vacancies before summer.

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Passengers advised to fly with just one bag

Travellers should not check-in luggage to avoid delays at airports, say industry figures.

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Missguided shoppers left chasing orders and refunds

The fast fashion brand has found a buyer but shoppers say they are still waiting for deliveries and refunds.

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Why the Ukraine war may power Asia's green energy shift

A growing number of South Korean businesses are betting on hydrogen as they move to cleaner energy.

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Shell's Jackdaw gas field given go-ahead by regulators

The UK government is seeking to boost domestic energy output following Russia's invasion of Ukraine.

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Elon Musk declares end to remote working at Tesla

Staff unwilling to abide by new rules can "pretend to work somewhere else", the Tesla boss says.

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Cost of Living: SSE Airtricity gas price to rise by 42.7%

The company's new increase in gas prices follows a 33% rise in electricity prices on Wednesday.

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Why are flights being cancelled?

There has been significant disruption at UK airports, with flights cancelled and long queues at airports.

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