Blackouts would be last resort, says National Grid

The firm says its "base case" assumption is the UK will have sufficient energy, but power cuts are a possibility.

from BBC News - Business https://ift.tt/6mb1wXQ

UK battery firm Britishvolt averts collapse as funding secured

There were fears Britishvolt could run out of money after the government refused to advance funding.

from BBC News - Business https://ift.tt/JOtfmo4

Christmas turkey fears as England bird flu rules widened

The government rules aim to contain the country's largest ever bird flu outbreak.

from BBC News - Business https://ift.tt/Ur7RYWg

LEVC: Coventry taxi-maker announces 140 job cuts

LEVC, which makes an electric version of the iconic London cab, blames the effects of the pandemic.

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

Mother wins £60,000 over Morrisons discrimination

Donna Patterson said the supermarket had mistreated her after she returned to work from maternity leave.

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

UK battery firm Britishvolt near collapse as seeks funding

Britishvolt is understood to be facing administration the government withdrew £100m in funding.

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

£400 energy support vouchers going unclaimed

Many customers with non-smart prepayment meters have not cashed in vouchers aimed at helping with bills.

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

Apple: Chinese workers flee Covid lockdown at iPhone factory

Video shared online shows people jumping a fence to escape the plant, owned by Foxconn, in Zhengzhou.

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

Michael Gove commits to 300,000 homes target

Former PM Liz Truss had cast doubt on the aim, saying she would scrap "Stalinist" housing targets.

from BBC News - Business https://ift.tt/UQw5sGS

Ukraine war: Russia halts grain deal after 'massive' Black Sea Fleet attack

The UN says it is vital not to imperil the deal, as Ukraine accuses Russia of "using a false pretext".

from BBC News - Business https://ift.tt/yAT6PHO

New ground as tech aims to help boost soil health

As much of the world's earth has been degraded, efforts are being made to improve matters.

from BBC News - Business https://ift.tt/lQWv0VP

Octopus Energy to take over collapsed supplier Bulb

Bulb's 1.5 million customers will not experience any change to energy supplies, the UK government says.

from BBC News - Business https://ift.tt/lIm7hTL

'You think twice about driving': Fuel prices rise again

The rise in diesel and petrol prices is having a particularly tough impact in rural areas.

from BBC News - Business https://ift.tt/l6BS9b2

Elon Musk clears out Twitter bosses in $44bn deal

The billionaire axes the social media platform's executives in his first move after buying the firm.

from BBC News - Business https://ift.tt/jixT9aB

What next for Twitter under Elon Musk?

The BBC's technology editor looks at the path ahead for the tech company and the billionaire.

from BBC News - Business https://ift.tt/c8Vueyn

Decisions on spending cuts and tax rises are sober, officials say

Ministers needs to find billions of pounds to plug the 'hole' in public finances.

from BBC News - Business https://ift.tt/b1MTGQr

Sliding yen: What is happening to the Japanese currency?

The country's central bank is expected to keep interest rates below zero even as the currency slides.

from BBC News - Business https://ift.tt/xlcD71I

King Charles 50p coins struck for the first time

Sculptor Martin Jennings, who created the image of the King, describes it as a remarkable experience.

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

Why are so many workers going on strike?

Hundreds of thousands of workers have walked out, or threatened to, causing widespread disruption.

from BBC News - Business https://ift.tt/0M6Wouj

US economy resilient despite rising prices

News of better-than-expected growth comes weeks before the midterm elections.

from BBC News - Business https://ift.tt/KY3w0tC

Lloyds predicts UK house prices will fall 8% next year

The UK's biggest mortgage lender says property prices will drop next year then stagnate for another four.

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

Credit Suisse cuts 9,000 jobs to stem losses

After a series of scandals and financial losses the Swiss banking giant is cutting jobs and restructuring the business.

from BBC News - Business https://ift.tt/Ily5VH9

California's cannabis-growing nuns pray for profits

The income the Sisters of the Valley make from growing cannabis is at half its pre-pandemic level.

from BBC News - Business https://ift.tt/749wyxD

Twitter: Elon Musk visits HQ as deal deadline looms

Elon Musk changed his Twitter bio to "Chief Twit" ahead of the Friday deadline to complete its acquisition.

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

Pensions: Downing Street refuses to commit to triple lock

Last week Rishi Sunak's predecessor said she was committed to raising pensions in line with prices.

from BBC News - Business https://ift.tt/78YOpB1

Cost of living: Young professionals targeted by investment scams

Young professionals hit by the cost of living are being targeted by scams suggesting money-making schemes.

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

Pound holds gains after delay to economic plan

The currency has rallied against the dollar in recent days, and rose further on Wednesday.

from BBC News - Business https://ift.tt/PvJ5uh0

Moving electric Mini production to China unfortunate, minister says

The first electric Mini was built in Oxford in 2020 but BMW is shifting production out of the UK.

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

Heathrow warns normal passenger levels years away

The airport says it is unlikely to see passenger numbers return to pre-pandemic levels for years.

from BBC News - Business https://ift.tt/36XMJ7a

China Covid: Universal Resort shuts due to Beijing coronavirus cases

The park did not say when it would reopen, but pledged to refund or reschedule tickets.

from BBC News - Business https://ift.tt/Zz6WDB4

Energy bill help for all is too expensive, warns the World Bank

Some Covid help was not targeted enough and the same is happening with energy bills, its president says.

from BBC News - Business https://ift.tt/przC57l

Google and Microsoft hit by slowing economy

The tech giants say customers are cutting back amid growing signs of an economic downturn.

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

Pound hits highest level since before mini-budget

It comes as investors welcomed the appointment of Rishi Sunak and the dollar fell.

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

Ford Fiesta car set to be discontinued as model scrapped

The BBC understands executives are planning to announce the production will end as early as next year.

from BBC News - Business https://ift.tt/Er0euKW

Adidas cuts ties with rapper Kanye West

The fashion giant said it does "not tolerate antisemitism" after the rapper's recent remarks.

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

WhatsApp down for users across UK and world

Many are complaining that they are unable to send messages from the Meta-owned platform.

from BBC News - Business https://ift.tt/EhF7SBX

Price of pasta, tea, chips and cooking oil soars

The price of budget food items rose by 17% in the year to September, official figures suggest.

from BBC News - Business https://ift.tt/kXO8ADm

China shares slide in US as Xi starts historic third term

Investors fear the world's second largest economy will be held back by its tough Covid restrictions.

from BBC News - Business https://ift.tt/i39qoWO

Competition regulator needs teeth to curb big tech, MPs say

They urge publication of a draft bill that could see firms fined 10% of turnover for market abuses.

from BBC News - Business https://ift.tt/Kmcj6y3

Energy crisis pushing people onto prepayment meters, says Uswitch

Uswitch says prepayment meter users are more likely to be vulnerable and at risk of running out of credit.

from BBC News - Business https://ift.tt/Yv5PTWm

US charges alleged Chinese spies in telecoms probe case

US officials believe China tried to obstruct an investigation, steal technology and intimidate dissidents.

from BBC News - Business https://ift.tt/f0exVrX

Rishi Sunak: The most urgent problems facing the new prime minister

Rishi Sunak, the fifth Conservative prime minister in seven years, inherits many pressing challenges.

from BBC News - Business https://ift.tt/lXY6mCf

First-time buyers hit by drop in mortgage deals

Those with smaller deposits are likely to have less choice from lenders, figures show.

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

UK set to be sick man of Europe, says Tory backer

Guy Hands, a leading investor, says the UK faces higher taxes, lower benefits and a possible IMF bailout.

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

Sports Direct-owner builds stake in Asos

Frasers Group is the fourth largest shareholder in the fashion firm, which owns the Topshop brand.

from BBC News - Business https://ift.tt/d1IxvRz

Pound steady as Rishi Sunak seen on track to become PM

Sterling initially rose against the dollar after Boris Johnson dropped out of the leadership contest.

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

What we just learned about China's economy

On Monday, the country announced economic growth figures, after they were postponed last week.

from BBC News - Business https://ift.tt/K2P6YBa

Royal Mail: 100 days left to use stamps without a barcode

Royal Mail says everyday stamps that do not have a barcode will no be longer valid after 31 January.

from BBC News - Business https://ift.tt/5FrThy1

UK faces tougher austerity era, ex-Bank chief warns

Former Bank of England governor Lord King says people could face "significantly higher taxes".

from BBC News - Business https://ift.tt/wNuT6aX

Cost of living: Why more Australians are giving up their pets

The cost of pet food has soared in Australia due to the pandemic and the Ukraine war.

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

Dietrich Mateschitz: Red Bull co-owner & energy drink giant dies aged 78

Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, dies aged 78.

from BBC News - Business https://ift.tt/Lhwf6Tb

Avanti West Coast rail services axed amid strike action

Only one Avanti service per hour will run from London to Manchester, Liverpool and Glasgow.

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

Moody's: UK's economic outlook now 'negative', ratings agency says

Political instability and high inflation in the country means it is less likely to pay back debts, the ratings agency says.

from BBC News - Business https://ift.tt/MtDjSz4

Spain lifts final Covid rules for UK travellers

British holidaymakers will no longer have to provide Covid or vaccination status to get into Spain.

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

Tesco raises meal deal price as food costs soar

It is the first time in 10 years the popular lunch choice has gone up for all customers.

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

Government borrowing rises in September

Borrowing reached £20bn last month, according to the Office for National Statistics.

from BBC News - Business https://ift.tt/y9pFO84

TikTok denies it could be used to track US citizens

In response to a media report, the firm said it does not collect precise location data from US users.

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

‘I worry about affording rent’

Average monthly rents reach £1,162 outside London, leaving renters like Ben McNeil counting the cost

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

National Grid raises discounts for off-peak electricity use

Households will get a discount of £3 per kw/h instead of 52p off bills, National Grid says.

from BBC News - Business https://ift.tt/nEuFPe3

Amazon workers fail to reach strike threshold in historic UK ballot

GMB says it was three votes short of reaching the 50% threshold needed for industrial action.

from BBC News - Business https://ift.tt/9eIuyv5

Mortgage rates hit fresh 14-year highs

Average two- and five-year fixed rates have jumped to 6.65% and 6.51% respectively.

from BBC News - Business https://ift.tt/Ba28Tux

Tesla sales climb but miss expectations

Elon Musk's electric car firm has been ramping up production

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

Amazon's Jeff Bezos in economy warning: 'Batten down hatches'

With economic gloom on the US's horizon, tech giant's boss points out warning signals

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

Bank of England wasn't briefed on mini-budget

The government did not tell the Bank about its tax cut plans, says deputy governor Sir Jon Cunliffe.

from BBC News - Business https://ift.tt/4i2MXzy

Amazon UK makes cautious move into insurance sales

The store will initially focus on home insurance and has just three insurers on board.

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

UK inflation rate calculator: How much are prices rising for you?

Use our calculator to find out how much the cost of living is going up in your household.

from BBC News - Business https://ift.tt/3YSN0ch

Great British Railways transport bill shelved

The transport secretary admits the full plan for overhauling how the railways are run will be delayed.

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

RMT announces November rail strike dates

There will be fresh Network Rail strikes on 3, 5 and 7 November as part of a dispute over pay

from BBC News - Business https://ift.tt/VaARi6t

Meta ordered to sell Giphy by UK's competition watchdog CMA

The social media giant says it is disappointed with the ruling but will accept it.

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

UK's mini-budget U-turn welcomed by IMF

The reversal of the government's tax cuts will help the UK fight soaring inflation, the IMF says.

from BBC News - Business https://ift.tt/ihkn8vN

Mini-budget scrapped: A simple guide to why plan was dropped

Eight steps to understand why the financial turmoil matters to mortgage payers and everyone else.

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

Two-year mortgage rates hit fresh 14-year high

The average two-year fixed rate deal has risen above 6.5%, the highest since the 2008 financial crisis.

from BBC News - Business https://ift.tt/m1XqTkI

Nord Stream blast 'blew away 50 metres of pipe'

Danish police say explosions damaged two pipelines built to bring Russian gas to Germany.

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

UK workers face a two decade-long wage squeeze, says TUC

The outgoing head of the TUC warns people have been pushed to "breaking point" with no real pay rises.

from BBC News - Business https://ift.tt/X6GZPN3

China congress: Beijing delays key economic figures as leaders meet

Closely-watched growth data for the world's second largest economy was due to be released on Tuesday.

from BBC News - Business https://ift.tt/yT5o2n1

Rent increases: What you can do about a rise from your landlord

The BBC's Lora Jones tells you four things you can do, if your landlord asks for more money.

from BBC News - Business https://ift.tt/K4lTusf

Plan to lift banker bonus cap to go ahead

Jeremy Hunt dismantled much of the mini-budget, but has kept scrapping the cap on banker's bonuses.

from BBC News - Business https://ift.tt/KS049xl

Two thirds of tax cuts from mini-budget reversed

New chancellor Jeremy Hunt said "almost all" of the cuts announced by his predecessor in September would go.

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

Chancellor to fast track tax and spending measures

The move is designed to help reassure jittery markets before they open in London this morning.

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

Star casino: Record fine for Australian operator over money laundering

An inquiry earlier this year found "breathtaking" misconduct by The Star Entertainment Group.

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

Pound moves higher in Asia trade after U-turns

The British currency gained 0.5% against the US dollar in early Asia trading on Monday.

from BBC News - Business https://ift.tt/PeK8EcY

Tesco warns public faces hardship in wake of interest rates rise

John Allan told the BBC he feels a "moral responsibility" to help those affected by rates going up.

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

Jeremy Hunt to join Liz Truss at Chequers for talks on economic plans

The new chancellor warns of "very difficult decisions" as he heads to Chequers to hold talks with the PM.

from BBC News - Business https://ift.tt/bkVgW7A

Bank of England chief warns of fresh interest rate hike

Andrew Bailey also describes his conversations with Chancellor Jeremy Hunt as a "meeting of minds".

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

Electric Mini production to move to China

The first electric Mini was built in Oxford in 2020, but most will now be made in China.

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

Krept: Rapper branches out into making baby skincare products

Hip hop artist Krept talks about mixing music and entrepreneurship.

from BBC News - Business https://ift.tt/fxTYF6A

Is the small business surge in the US sustainable?

Start-up rates surged during the pandemic. Will it last?

from BBC News - Business https://ift.tt/zp9Ndcn

African contemporary art enjoying a surge in interest

Global sales of contemporary and modern African art have reached record highs.

from BBC News - Business https://ift.tt/l4S8gJt

Cough-syrup scandal: How did it end up in The Gambia?

Deaths of children in The Gambia, linked to Indian-made cough syrups, raises concerns about regulation.

from BBC News - Business https://ift.tt/254KWZC

What was in the mini-budget and what has changed?

The mini-budget included changes to tax, stamp duty and rules for those claiming benefits.

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

Elon Musk under federal investigation over Twitter deal

The court filing said the billionaire was under investigation but it did not explain why.

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

Cost of living: 'I've been left without carers for five months'

High petrol prices are driving carers from the sector, leaving people who rely on them without support.

from BBC News - Business https://ift.tt/nWr7pkF

Mini-budget U-turn on the table as pressure mounts

Chancellor Kwasi Kwarteng is returning early from the US for crunch talks about the mini-budget.

from BBC News - Business https://ift.tt/vP06JW1

France sends Germany gas for first time amid Russia energy crisis

The new flow was sent in "European solidarity" after Russia cut energy supplies to Europe.

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

Electricity prices vary by nearly 4p per unit

People in North Wales and Mersey pay the highest rate for their electricity, new figures reveal.

from BBC News - Business https://ift.tt/aX1tnNK

Fujitsu: How a Japanese firm became part of the Post Office scandal

The story of how a software firm based thousands of miles away became embroiled in the UK scandal.

from BBC News - Business https://ift.tt/Ww7HlRX

Kwasi Kwarteng: I'm not going anywhere, says chancellor

Asked whether he could U-turn on parts of his mini-budget, Kwasi Kwarteng says "our position hasn't changed".

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

Netflix ad-supported service to launch in November

The firm is rolling out the less expensive offering to try to attract viewers.

from BBC News - Business https://ift.tt/uq9gMti

Government to consider fuel price comparison scheme

Transport Secretary says success of a price checker in NI could lead to an online tool for England.

from BBC News - Business https://ift.tt/P4wzBqK

Royal Mail workers walk out in first of 19 days of strikes

No letters will be sent during the strike, but medical deliveries will be prioritised.

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

‘My bus ticket was more than I got paid an hour’

The minimum wage has gone up by less for those under 20 than for older workers since 2016.

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

Pensions, savings and mortgages - your questions answered

The BBC's Kevin Peachey answers your questions and concerns on pensions and mortgages.

from BBC News - Business https://ift.tt/mNLJg2l

Closed Ukraine airspace may delay flights next summer

Airlines warn of continuing challenges with Ukrainian airspace closure and recruitment problems.

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

Investor fears mount as market sell-off intensifies

The cost of government borrowing over 10 years briefly hit its highest level since 2008.

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

Marks & Spencer speeds up store closure plans

The retailer will accelerate a plan to close a quarter of its larger stores.

from BBC News - Business https://ift.tt/k2UvdfD

How safe is my pension?

The recent turmoil sparked by the mini-budget led to fears about the stability of pension funds.

from BBC News - Business https://ift.tt/P6cpDw5

Experts round on Jacob Rees-Mogg over mini-budget claims

The business secretary is criticised for blaming volatility on the Bank of England's failure to raise interest rates.

from BBC News - Business https://ift.tt/yK0Ni36

TikTok profits from livestreams of refugees begging

Children are among those pleading for hours for digital gifts, as the company takes a cut of up to 70%.

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

UK businessman charged with 'helping Russian oligarch evade sanctions'

Graham Bonham-Carter is accused of helping oligarch Oleg Deripaska to evade US-imposed sanctions.

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

Mark Zuckerberg reveals new Quest Pro VR headset

Facebook-owner Meta has revealed a new VR headset as part of its continued metaverse push.

from BBC News - Business https://ift.tt/wHIsaz5

Kellogg's Frosties shortage hits supermarket shelves

Kellogg's said packaging issues were to blame for the breakfast cereal vanishing from the aisles.

from BBC News - Business https://ift.tt/f3iOg0I

IMF warns worst is yet to come for world economy

The International Monetary Fund said 2023 will feel like a recession for many people in a new report.

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

Asia chipmaker shares slide after US curbs on China

On Friday, Washington announced new rules to restrict sales of semiconductor technology to China.

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

Air France Crash: Aviation bosses heckled as trial begins

Relatives of those who died in the Air France crash yelled "shame" as the trial started in Paris.

from BBC News - Business https://ift.tt/yl5Tx8p

'Big and painful' cuts needed to fix budget, says IFS

Public spending needs to fall by £60bn to balance the books if tax cuts go ahead, a think tank warns.

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

People stock up on blankets and air fryers ahead of winter

But despite this, an industry body says overall retail sales volumes continued to fall in September.

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

Post Office and Fujitsu to face inquiry over Horizon scandal

The public inquiry is taking further evidence as it investigates the wrongful convictions of postmasters.

from BBC News - Business https://ift.tt/vHR7l68

Ben Bernanke, former US Federal Reserve chief, wins Nobel Prize

Ben Bernanke, who led the Fed through the financial crisis, scooped the award as part of a trio.

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

Bank of England bolsters plan to calm market turmoil

The Bank of England doubles the daily limit on its emergency bond-buying programme during its final week.

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

Ticketmaster demand-based pricing system criticised

New dynamic pricing model is designed to stop touts from profiting on the secondary market.

from BBC News - Business https://ift.tt/PgKV7aU

Musk on China-Taiwan: Beijing praise and Taipei criticism over comments

Tesla chief executive Elon Musk said Taiwan should become a special administrative zone of China.

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

Post Office handles more cash as banks close and prices rise

Bank closures and rising prices mean more people are turning to the Post Office for cash.

from BBC News - Business https://ift.tt/RAJg7oO

Greg Hands named trade minister after Conor Burns sacking

The MP had backed Liz Truss's rival for PM but his appointment comes amid calls for party to unite.

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

Scottish airline Loganair goes on the market

The UK's largest regional airline is being sold with the hope of new owners taking over by mid-2023.

from BBC News - Business https://ift.tt/D4GjSzZ

Energy use advice campaign pulled due to cost, Zahawi says

The cabinet minister tells the BBC the public information campaign would have cost up to £15m.

from BBC News - Business https://ift.tt/9Z0QcXy

How to cut your energy bills

Energy bills have gone up, but there are some easy ways households can reduce costs.

from BBC News - Business https://ift.tt/oYra902

Cost of living: Off-grid businesses are being forgotten

The owner of Caws Teifi Cheese wants more help for companies who use oil or liquefied petroleum gas.

from BBC News - Business https://ift.tt/iOKqx5g

Renewable energy: Government plans for price cap is risky, firms warn

A government limit on electricity generated in older renewable and nuclear facilities is expected this week.

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

Rail strikes: Only one-in-five trains to run in latest action

Rail passengers across Britain are urged to avoid travel on Saturday unless absolutely necessary.

from BBC News - Business https://ift.tt/eDfF0uI

What will happen if Britain has winter blackouts?

Power cuts are very unlikely in the coming months but not impossible so what would it mean for you?

from BBC News - Business https://ift.tt/j4cJx9W

US ramps up curbs on chip sales to China

The US has said it wants to prevent China's military from accessing "sensitive technology".

from BBC News - Business https://ift.tt/GBv3hCf

Customers could get £100 for cutting energy use

Octopus energy expects customers to get £4 a day on average for cutting back consumption when demand is high.

from BBC News - Business https://ift.tt/jXuH5O1

Public won't be told to cut energy use after Truss objects

A minister denies a full plan was blocked by Liz Truss's office and insists energy supplies are secure.

from BBC News - Business https://ift.tt/hv6bWcZ

Adidas puts Kayne West Yeezy deal under review

Earlier this week, the rapper and fashion designer wore a t-shirt that read "White Lives Matter".

from BBC News - Business https://ift.tt/d7NpUMj

Samsung warns of 32% hit to profits on chip slump

Meanwhile, US chip maker AMD said its third quarter revenue would be $1bn less than forecasts.

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

The farmers caught up in Taiwan's tensions with China

Taiwanese fruit growers are unable to sell their crop after Beijing banned their importation.

from BBC News - Business https://ift.tt/9jwqd2J

Homes face winter power cuts in worst-case scenario, says National Grid

In a worst case scenario, British households could lose power for up to three hours at a time.

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

Rail strike: Only one in five trains set to run on Saturday

People are being warned to only travel if absolutely necessary as the RMT union holds another strike.

from BBC News - Business https://ift.tt/ojJr3Vd

Electricity: NI could face blackouts by 2024, officials say

The grid operator has warned that action needs to be taken over issues with Kilroot power station.

from BBC News - Business https://ift.tt/xI0kioE

Avanti West Coast: Mayor urges pressure to be put on train firm

Andy Burnham calls on the transport secretary to insist upon two London-Manchester trains per hour.

from BBC News - Business https://ift.tt/pHyV64l

Maiden Pharmaceuticals: WHO links Gambia deaths to India-made cough syrups

The WHO said the medicinal syrups may be connected with the deaths of 66 children in Gambia.

from BBC News - Business https://ift.tt/GU03Cdf

Covid: Hong Kong to lure tourists with free air tickets

UK-based Virgin Atlantic said on Wednesday it will stop its Heathrow-Hong Kong services after 30 years.

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

CEO Secrets: What's a modern boss to wear?

Business leaders consider how the move towards more informal clothing attire at work affects them.

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

Oil prices set to rise as Opec countries cut output

The move, which reflects a slowing global economy, is expected to raise oil prices around the world.

from BBC News - Business https://ift.tt/TDwCry4

Elon Musk, Twitter and the mysterious X app

The story of Musk buying Twitter, and how it began with "X, the everything app".

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

Average two-year mortgage rate highest for 14 years

A typical two-year fixed rate deal has breached the 6% mark for the first time since November 2008.

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

Tesco: People watching every penny to make ends meet

The UK's largest supermarket chain has announced a further boost to pay for its UK stores.

from BBC News - Business https://ift.tt/j6X4igk

Elizabeth Holmes: Theranos founder gets hearing on new trial

Elizabeth Holmes requested a new trial after claiming federal prosecutors presented misleading evidence.

from BBC News - Business https://ift.tt/NKg3PTv

Five reasons why China's economy is in trouble

President Xi Jinping faces his greatest challenge yet ahead of a historic Communist Party meeting.

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

Twitter shares halted after report Elon Musk deal to go ahead

Trading in Twitter shares is suspended after a report stated the billionaire will now buy the business.

from BBC News - Business https://ift.tt/jK7JNxX

EU Parliament approves common charging cable from 2024

Euro-MPs vote to make all mobile devices use the same USB-C type charger from 2024.

from BBC News - Business https://ift.tt/Z35cv9M

Shell boss says taxing energy firms to help the poor is 'inevitable'

Taxes on firms in the oil and gas industry need to happen to help the poorest, Shell boss says.

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Mortgage rates still rising as big lenders revise deals

The average rate of a new two-year fixed rate mortgage is 6% as the UK's biggest lenders change prices.

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More rail disruption expected as 9,000 train drivers strike

Aslef union members at 13 rail companies will walk out on Wednesday in a row over pay and conditions.

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Chancellor Kwasi Kwarteng to set out debt plan earlier than planned

The chancellor has been under pressure to say how he will pay for major tax cuts package.

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Nuclear fusion plant to be built at West Burton A power station

West Burton A will be the site of the prototype fusion energy power plant, the government announces.

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Chancellor expected to U-turn on 45p tax rate

Kwasi Kwarteng set to reverse plan to scrap the 45p rate of income tax, 10 days after it was announced.

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Can electrical stimulation improve your gym workout?

Whole-body EMS suits are the new big thing in fitness, but do they work?

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Drax: UK power station owner cuts down primary forests in Canada

The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada.

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Finland wants to transform how we make clothes

Firms behind innovative fibres says they can make fashion a more sustainable business.

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Tory conference: We must stay the course, insists Chancellor Kwasi Kwarteng

Kwasi Kwarteng will defend his tax cuts during his Conservative Party conference speech.

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Liz Truss: The prime minister's claims about the economy fact-checked

Prime Minister Liz Truss made claims on growth, borrowing costs and mortgage rises.

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