Friday, September 30, 2022

Train strikes: What are the dates and where is affected?

Thousands of transport workers are striking in an ongoing row over pay, jobs and conditions.

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Trains and postal services hit by mass strikes

Large parts of Britain have no train services as rail workers in several unions have walked out.

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What happened to the UK economy, pound and mortgages this week?

The last seven days have been a rollercoaster with mortgage costs and the pound thrown off course.

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Your energy bill explained

BBC Breakfast's Hannah Miller explains how to understand your energy bill.

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When are the £400 energy rebate and other cost-of-living payments due?

All UK households will get a grant which will reduce energy bills by £400 from October.

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Tax cuts pledge did cause disruption, Liz Truss says

The prime minister acknowledges that her economic plans "involve disruption in the short term".

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Phil Collins and two Genesis bandmates sell song catalogue for a reported $300m

The deal is one of the biggest in music history, approaching the sum paid for Bob Dylan's music.

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Liz Truss resists calls for earlier tax plans assessment

Some Tories believe publishing the forecast sooner would reassure markets following a turbulent week.

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New growth figures suggest UK not in recession

Output grew in the second quarter of this year, data shows, despite an initial reading saying it had shrunk.

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Thursday, September 29, 2022

Nike feels squeeze from strong dollar and discounts

The sportswear giant's shares fell by more than 9% in after-hours trading in New York.

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US points finger at Russia over gas pipeline sabotage

US Energy Secretary Jennifer Granholm tells the BBC its unlikely Nord Stream leaks are coincidence.

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King Charles: New coins featuring monarch's portrait unveiled

Centuries of tradition are followed as King Charles faces left - the opposite way to the Queen.

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Mini-budget: PM to meet head of OBR following market turmoil

Liz Truss and the Chancellor Kwasi Kwarteng will meet the independent forecaster the OBR on Friday.

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Kwarteng: We're sticking to our growth plan

Chancellor Kwasi Kwarteng says he will stick to his tax cut plan despite days of market turmoil.

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Wednesday, September 28, 2022

Can my mortgage offer be withdrawn? And other questions

BBC News personal-finance correspondent Kevin Peachey answers your mortgage questions.

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Rail strikes: Passengers urged not to travel during walkout

Network Rail say just one in 10 services will run and some areas will have no trains on Saturday.

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Bank emergency move driven by pension fund fears

The huge tax cutting plans in Friday's mini-budget sparked unprecedented moves in financial markets.

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Draw up plan for cuts, government departments told

The Treasury rejects calls to abandon last week's mini-budget in the face of market turmoil.

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How much money is the UK government borrowing?

How does a government borrow money, and when does it have to pay it back?

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Emergency Bank move will not solve the problem

This is a huge intervention that will buy the government time but not solve its problems.

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Tuesday, September 27, 2022

IMF calls on UK to reconsider tax cuts

The proposal will work at "cross purposes" with the cost-of-living fight, the IMF says.

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Royal Mail workers to hold 19 days of strike action

It will cover the Christmas build-up, including key shopping days Black Friday and Cyber Monday.

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Bank of England economist hints at 'significant' rate rise

The central bank's chief economist signalled in a speech it could not be 'indifferent' over the pound's slump.

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Irish budget: Finance minister unveils tax 'giveaways'

Paschal Donohoe says he is in a position to do so because the country has a large budget surplus.

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Mortgage rates: 'I was ready to buy a house, now I'm totally lost'

Some economists predict the Bank of England will raise the interest rate to as much as 5.8% by next spring.

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Nord Stream: Mystery leaks in Russia gas pipelines spark warnings

The Nord Stream undersea gas network to Europe has sustained "unprecedented" damage in recent days.

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Leaked dossier suggests Scottish ferry deal may have been rigged

A BBC investigation uncovers evidence of irregularities in awarding the contract for two CalMac ferries

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Monday, September 26, 2022

iPhone in India: Apple makes new handset in India in shift from China

The announcement marks the technology giant's latest move to diversify its supply chains outside China.

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Cost of living: Millions forced to turn to second jobs, report finds

More than five million people have taken on additional jobs, according to a report by Royal London.

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Mortgage lenders halt some deals after pound falls

Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers.

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Russia's gas pipeline leaking into Baltic Sea - Denmark

Denmark sets up a banned zone near the Bornholm island, where a Nord Stream 2 leak is reported.

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Bank will 'not hesitate' to raise interest rates after pound's fall

The Bank of England will not hold an emergency meeting to set interest rates after the pound fell.

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TikTok may be fined £27m for failing to protect children

The video-sharing platform has been issued with a final notice of intent by the UK's data watchdog.

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Doncaster Sheffield Airport to close despite financial lifeline offer

Doncaster Sheffield Airport owner Peel says the wind-down will begin on 31 October.

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Aldi boss: Shoppers are switching in their droves

The discounter gains 1.5 million new customers in 12 weeks, says UK chief executive Giles Hurley.

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Sunday, September 25, 2022

Labour rival Tories with industry plan for economic growth

The shadow chancellor will pledge to boost UK industry by investing in green energy and technology.

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Pound slumps to all-time low against dollar

Sterling plunged by 4% in early Asia trade to the lowest level since decimalisation in 1971.

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Electric car charging costs nearing petrol prices for some - RAC

The RAC suggests the soaring cost of charging an electric car could soon put people off buying them.

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Keir Starmer: Labour would reverse cut to top income tax rate

Scrapping the 45% rate is the "wrong choice" during a cost-of living crisis, the Labour leader says.

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Kwasi Kwarteng: I want to keep cutting taxes

Tax cuts will help to boost growth, says chancellor, as government also looks at relaxing immigration.

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Saturday, September 24, 2022

Tax cuts: Kwasi Kwarteng's measures benefit richest, Labour says

The government is taking a dangerous gamble, Angela Rayner says, but ministers argue tax cuts will get the economy growing.

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Friday, September 23, 2022

Goldman Sachs: Sexual assault claims revealed in pay bias suit

Goldman Sachs is accused of "boys' club" culture that discriminated against women.

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'We'll be lucky to keep our heads above water'

The BBC talked to households and businesses to get their reactions to the mini-budget.

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Thursday, September 22, 2022

Bosses think workers do less from home, says Microsoft

A new survey from Microsoft suggests that workers and bosses disagree about productivity.

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Avanti West Coast boosts services after timetables cut

Avanti West Coast says services will be further boosted once 100 new drivers complete training.

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Tesla ordered to recall more than a million US cars

The US car-safety watchdog says a window glitch is affecting all four Tesla models.

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Manchester United announce net loss of £115.5m for 2021-22

Manchester United announce a net loss of £115.5m for the 2021-22 season even though revenues rose by 18% to £583.2m.

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Rail strikes: New date set for 40,000 workers to walk out

It is the latest walkout in a long-running dispute over pay, jobs and conditions.

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Interest rates raised to highest level for 14 years

The rise to 2.25% from 1.75% comes as Bank of England says UK already in recession.

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Wednesday, September 21, 2022

Real Living Wage rises to £10.90 an hour

A rate increase for the voluntary scheme has been brought forward due to the rising cost of living.

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Ring doorbell inventor shares advice... about advice

Jamie Siminoff, inventor of the Ring wireless doorbell, shares his advice for the CEO Secrets series.

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US interest rates hit 14-year high in inflation battle

The US unveils another sharp rate rise as it fights to bring soaring prices under control.

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Tax cut 'gamble' will make debt unsustainable, says IFS

The Institute for Fiscal Studies says UK borrowing is on an "unsustainable" path.

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Energy bills: New law will force landlords to pass on £400 rebate

Charities had raised concerns tenants with all-inclusive bills could miss out on the support.

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'Panic not over' on energy prices for some small firms

Some companies have warned a six-month cap on gas and electricity costs will not provide long-term security.

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Cambridge-based Aveva agrees to French energy firm's buyout

The headquarters of the UK software company will remain in Cambridge, Schneider Electric says.

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Germany nationalises gas giant amid energy crisis

The German government is taking a 98.5% stake in Uniper, one of the country's biggest suppliers.

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Tuesday, September 20, 2022

Channel 4: New culture secretary 're-examining' case for privatisation

The new culture secretary says "we're making sure that we still agree with that decision".

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Mike Ashley to leave board of Sports Direct group

The billionaire will step down from Frasers Group's board and provide the firm with £100m of funding.

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Monday, September 19, 2022

Beyond Meat: Vegan food executive accused of biting man's nose

Beyond Meat's Douglas Ramsey reportedly got into a row after an American football match in Arkansas.

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Reliance Industries: Daughter rises in Mukesh Ambani’s succession plan

Isha Ambani has been groomed to join the Reliance empire, unlike other women in her family.

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After 'slow start', US companies embrace refugees

As the world's refugee crisis is pushed to the brink, some corporations finally start to respond.

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Off-gridders take energy needs into their own hands

Natural disasters have spurred some communities and homeowners to generate their own electricity.

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Will Liz Truss's economic plans make us richer?

The chancellor will unveil tax cuts on Friday as part of a bid to boost the UK economy.

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Queen's funeral: Mourners face severe rail delays to London and Windsor

No trains are running in or out of London Paddington as mourners descend on London and Windsor.

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Sunday, September 18, 2022

Porsche IPO: Luxury car maker valued at up to $75bn in share sale

The stock market flotation is set to be Germany's second-largest ever initial public offering.

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eBay bans sale of Queen lying-in-state wristbands

Different coloured bands which mark mourners' place in the queue were being offered as memorabilia.

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Friday, September 16, 2022

Transport bosses warn mourners of London queues

Huge numbers of people are expected to head to London on Monday for the funeral of Queen Elizabeth II.

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Uber investigating hack on its computer systems

A hacker was apparently able to gain access to the company's internal systems.

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Germany takes control of three Rosneft oil refineries

The country takes temporary control of Rosneft subsidiaries in a move to bolster energy security.

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Thursday, September 15, 2022

Michael Jordan's 'Last Dance' jersey fetches record $10.1m

It was reminiscent of a season where Jordan won his sixth and final NBA title with the Chicago Bulls.

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Amazon workers in Coventry 'making history' with strike ballot

Staff at the Coventry warehouse are voting on whether to strike amid a row over a pay offer.

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US mortgage rates hit 14-year high as inflation soars

For families hoping to buy a home, the moves compound affordability problems.

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First US rail strike in 30 years averted with tentative deal - Biden

A strike would have impacted millions and cost the economy an estimated $2bn (£1.7bn) a day.

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Cost-of-living calendar – dates for your diary

Dates to look out for over the next few months that might have an impact on your finances.

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French air traffic strike to affect thousands of passengers

Ryanair cancels more than 400 flights because of the action on Friday, affecting 80,000 passengers.

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Supermarket petrol stations to be closed most of Monday

Tesco, Sainsbury's, Asda and Morrisons will shut forecourts before some reopen in the evening.

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Tax-cutting mini Budget on Friday next week

Questions had been raised over when the "fiscal event" would take place after the death of the Queen.

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Wednesday, September 14, 2022

South Korea 'cryptocrash' boss faces arrest warrant

Do Kwon is behind the Terra Luna and TerraUSD cryptocurrencies that plunged in value in May.

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Patagonia: Billionaire boss of fashion retailer gives company away

Yvon Chouinard will give all of the fashion company's profits to a charity fighting climate change.

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Kwasi Kwarteng seeks to scrap bankers’ bonus cap to boost City

The new chancellor is considering removing a cap on bankers' bonuses as part of a shake-up of City rules.

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California says Amazon's dominance drives up online prices

America's most populous state sues the retail giant for alleged breaches of competition law.

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Queen Elizabeth II: First night trains for mourners set to depart

Night services will start on Wednesday after a busy day on London's trains and tubes.

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Asda limits sales of Just Essentials budget range

The supermarket temporarily limits purchases in its Just Essentials range, blaming soaring demand.

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Tuesday, September 13, 2022

UK inflation rate eases but still near 40-year high

Price rises slow slightly in August but the pace of inflation is still near a 40-year high.

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Queen's favourite brands hope to keep Royal Warrants

When Queen Elizabeth II passed away, more than 600 Royal Warrants passed with her.

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Twitter shareholders approve $44bn Musk deal

Twitter shareholders have approved a $44bn deal for the world's richest man to buy the company.

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Backlash as Center Parcs to close for Queen's funeral

Holidaymakers have been told they must leave Center Parcs sites for a day or go home early.

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Twitter misleading the public, whistleblower says

Twitter's former head of security Peiter Zatko has been giving evidence to US lawmakers.

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Lower petrol prices help to slow US inflation

Inflation slips to 8.3%, but non-fuel costs continue to climb, putting pressure on the White House.

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Queen Elizabeth II: A life in Land Rovers

The iconic cars were "part of the royal family's DNA" according to motoring journalist Quentin Willson.

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Monday, September 12, 2022

Financial giant Goldman Sachs set for thousands of layoffs

The global investment bank said in July it might slow hiring as the economic outlook worsens.

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Should billboard advertising be banned?

Campaigners want to see the end of all outdoor advertising, calling it "sight pollution".

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Mini Budget still planned for this month, No 10 says

A "fiscal event" to outline funding to tackle the cost-of-living crisis is still due to take place.

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John Lewis and Homebase among shops closing for Queen's funeral

Supermarket chain Waitrose is also among the retailers who will shut on Monday 19 September.

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Mourners set to create 'unprecedented' demand for travel in London

Transport bosses say they expect "unprecedented" numbers on railways and roads in London.

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Domestic energy customers will hear soon about their tariff

Detail from the government show fixed rates will be discounted but could still be higher than others pay.

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Discounts for cutting peak-time electricity use too low. energy firms say

Two UK energy firms say a plan to offer discounts on bills could fail if people are not offered more.

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Tom Scholar: Former top civil servants hit out at Treasury boss sacking

Sir Tom Scholar's sacking compromises the civil service's independence, a former cabinet secretary says.

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Japan could lift cap on foreign tourists to lift economy

Officials are concerned at the yen's slide to its lowest level against the US dollar in 24 years.

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Sunday, September 11, 2022

Queen Elizabeth II: Trains to London likely to be 'extremely busy'

Train travel in the mourning period for the Queen is likely to be "extremely busy", the rail operator warns.

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Friday, September 9, 2022

Energy price cap: Questions firms need answers to

Firms will get energy price support for six months, but they say many questions remain unanswered.

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Smart motorways: Lack of hard shoulder contributed to death - coroner

Nargis Begum, from Sheffield, died after her car broke down on the M1 and was hit by another vehicle.

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Bank of England delays interest rate decision after Queen's death

The UK's central bank postpones its meeting by a week "in light of the period of national mourning".

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Energy firms will contact customers over bill cuts

Households will be told how the plan to reduce energy bills announced by Liz Truss will affect them.

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Royal rebranding: What will happen to stamps, coins, banknotes and passports?

We're used to seeing Queen Elizabeth II's portrait and coat of arms in our change and on cereal boxes.

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Thursday, September 8, 2022

Warning millions will still need extra help with energy bills

Government support with rising energy costs is welcome but may not be enough, say campaigners.

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Some strike action cancelled after the Queen's death

Strike action by postal workers and RMT train staff has been cancelled following the death of the Queen.

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Apple founder's daughter mocks new iPhone

Model and equestrian Eve Jobs appears unimpressed by the tech giant's new features on its latest iPhone.

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Energy bills: 'The government help is no use to me'

Households and businesses remain nervous over rising energy costs as the PM announces new measures.

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Eurozone interest rates in record rise to fight inflation

The European Central Bank takes strong action as it tries to cool rapid price growth in the eurozone.

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What the new Liz Truss energy plan means for you

The government will borrow tens of billions of pounds to limit energy bill rises. What does it mean for you?

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Energy bills to be capped at £2,500 for typical household

New Prime Minister Liz Truss unveils a multi-billion pound plan to limit energy bill rises from October.

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Wednesday, September 7, 2022

Kim Kardashian adds private equity firm to her portfolio

Reality TV star is the latest celebrity to build on her billion dollar brand in private investments.

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Liz Truss set to unveil plans to cut energy bills for millions

The government could borrow £100bn to cap the typical household energy bill at around £2,500 a year.

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Royal Mail staff announce fresh strikes over pay

Further dates for walkouts are announced by staff in the Communication Workers Union.

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Avanti West Coast: Government considers withdrawing rail operator's contract

A transport minister tells MPs that Avanti West Coast's contract could be withdrawn.

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Beavertown Brewery bought out by Heineken

London-based Beavertown has become the latest craft beer brewer to be taken over by a drinks giant.

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OEUK calls on government for rapid North Sea action

Offshore trade body says urgent government action is needed to maximise the UK's energy security.

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Inflation to be 'significantly lower' than expected under bills plan

Plans by Liz Truss to cap energy bills may mean inflation peaks at 10.8%, says Goldman Sachs.

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Tuesday, September 6, 2022

US bars 'advanced tech' firms from building China factories for 10 years

The US has barred chip companies that get federal funding from building advanced facilities in China.

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Warning that firms will fail without energy bill help

Tens of thousands of businesses could go under without government support, say insolvency experts.

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Holiday Inn hit by cyber attack

The chain, run by Intercontinental Hotel Group, said their online services were facing disruptions.

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Juul to pay $438.5m to resolve US marketing probe

US prosecutors accuse the firm of "relentlessly" targeting underage buyers.

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Firefighters and control room staff could strike over pay

Union leaders say the move follows a 2% pay offer which has not risen despite rising inflation.

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Monday, September 5, 2022

Jetstar apologises to stranded passengers in Bali

Flight cancellations by Qantas' budget airline stranded thousands of passengers in Bali over the last week.

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Locations revealed for new shared banking hubs

Customers of any bank will be able to withdraw and deposit cash, but the new hubs will not open immediately.

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Instagram fined €405m over children's data privacy

The regulator found some children's business accounts had been set to public by default.

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Government closes in on energy rescue plan

Energy suppliers will be able to take out state-backed loans to subsidise bills for consumers and some firms.

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TransPennine: Under-pressure rail firm to run reduced timetable

Staff sickness and a backlog in training are blamed for cuts to TransPennine Express services.

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Gas prices soar 26% after Russia keeps key pipeline closed

The continued closure of Nord Stream 1 has added to concerns about energy supplies this winter.

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Australia liquor store hiring with 10-minute interviews

Dan Murphy's in Australia is holding quick 'on-the-spot' interviews to beat staff shortage.

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Sunday, September 4, 2022

New PM's energy bill options to include freeze plan

Energy industry sources tell the BBC they expect an overall freeze in bills to be announced this week.

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Workplace accidents: Inside India's 'factories of death'

Are the country's efforts to become an industrial powerhouse coming at the cost of workers' safety?

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Calais: Ferry companies apologise for long waits

Travellers returning home from their summer breaks in Europe report lengthy queues at the French port.

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It's fair to give wealthiest more money back - Truss

The Tory leadership hopeful says Tory policy on distribution of income has failed to grow the economy.

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Friday, September 2, 2022

Bus fare cap: England charges to be held at £2 for three months

The measure will run from January to March and cost £60m, the government announces.

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Ukraine war: Key Russian gas pipeline to EU stays closed

The announcement comes shortly after the G7 agrees to cap the price of Russian oil in support of Ukraine.

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Avanti West Coast boss to step down

Train firm boss Phil Whittingham will step down following timetabling issues at the train firm.

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UN FAO's global food prices fall for fifth month in a row

The UN FAO's food prices index has fallen to a lower level than before Russia invaded Ukraine.

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Ukraine war: G7 agrees to impose price cap on Russian oil

Members of the Group of Seven say the move will hurt Russia's ability to finance its war on Ukraine.

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US jobs growth slows in August

The US economy added 315,000 new jobs last month, far fewer than the number created in July

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Scottish firms facing 200% energy bill rises 'are the lucky ones'

The body which speaks for Scotland's small businesses says hikes of 500% are not unusual.

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Thursday, September 1, 2022

When are the second cost-of-living payment and £400 energy rebate due?

More payments to help with the cost of living will be paid later in the year as bills soar.

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Let's talk: 'Therapy is not weak or unnecessary'

Living through a global pandemic boosted demand for therapy as people sought help with their mental health.

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OnlyFans creators made nearly $4bn last year

The platform, which is known for hosting adult content, saw a spike in users during the pandemic.

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Microsoft Activision deal could lessen competition, UK watchdog finds

The $69bn takeover of the Call of Duty maker may now be investigated in-depth by a UK watchdog.

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Sizewell C: Boris Johnson says 'go nuclear, go large'

Boris Johnson pledges £700m for the project in Suffolk, adding a decision is likely within weeks.

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Pound slides as fears mount for UK economy

The British currency fell 5% against the dollar in August as recession looms.

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UK-Canada trade rift: What it means for cheese, beef and cars

A pause in talks could mean tougher trading terms for the UK - but what will the impact be on consumers? from BBC News - Business https://...