Tech layoffs: PayPal cuts 2,000 jobs as global economy weakens

The online payments platform is the latest technology firm to cut costs as the global economy weakens.

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The trucks ditching diesel and drivers

From addressing the climate emergency to the shortage of HGV drivers, is this the future?

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'Come clean' on impact of non-dom tax status, Labour urges

The party says it wants ministers to "come clean" about the impact of keeping the "unfair" tax status.

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Strikes update: How Wednesday 1 February’s walkouts will affect you

How strikes by school teachers, trains drivers and civil servants will affect you, by the BBC's Zoe Conway.

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Cost of living: Row over who should police energy prepayment switches

A trade body for energy firms says the regulator should ensure rules are followed, but Ofgem hits back.

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Paperchase: Stationary chain falls into administration

The struggling High Street stationery chain has failed to find a buyer, leaving 820 jobs under threat.

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More than 2,000 roles at risk at Tesco

The roles are at risk at Tesco as it announces more changes to the way it runs its supermarkets.

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Tech War: Biden moves to halt US exports to Huawei, reports say

Washington has been tightening its rules on exports of US technology to China for several years.

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UK economy only G7 nation to shrink in 2023 - IMF

The IMF says the UK economy is forecast to shrink by 0.6% this year.

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Green projects are boosting UK growth - CBI report

Projects aimed at lowering carbon emissions are boosting growth in poorer parts of the country.

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The new tech offering relief from the misery of period pain

Two start-up firms are making wearable technology that targets menstrual discomfort.

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UK firefighters vote to strike in row over pay

The Fire Brigades Union says it will not announce dates for 10 days so employers can table an improved offer.

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Video streaming subscriptions fall by two million in 2022

Households cut back on streaming services in their droves as the cost of living rose sharply.

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Man takes parcel to US to beat Royal Mail ban

Businesses express frustration at Royal Mail's ban on sending parcels abroad after a cyber-attack.

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Mining giant 'sorry' over lost radioactive capsule in Australia

Rio Tinto says the object went missing while it was being transported 1,400km in Western Australia.

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Adani Group says Hindenburg fraud claim 'calculated attack on India'

Last week the Indian firm owned by Asia's richest man had more than $50bn wiped off its market value.

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Over-50s at work: 'You feel your usefulness has passed'

New research suggests applicants are right when they say employers are less open to hiring older workers.

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Ryanair and EasyJet ready to snap up Flybe staff

Airlines are inviting employees of the collapsed airline to fill vacancies for cabin crew and other roles.

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'Elon Musk has made me embarrassed to drive my Tesla now'

Elon Musk was once hailed as the secret to Tesla's success. Now he's one of its problems.

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Flybe administration: Scramble to change plans after airline ceases trading

The airline said it was ceasing trading and cancelling all flights, which affects 75,000 passengers.

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Flybe: Regional carrier ceases trading and cancels all flights

The airline said it had gone into administration and cancelled all flights to and from the UK.

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Hemp makes a comeback in the construction industry

A revival of hemp cultivation in Portugal has spurred the use of hemp blocks in construction.

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Plans for more banking hubs as branches close

In total, 38 of these shared branches have been announced so far, but only four have opened.

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Job risk as Shell considers quitting energy market

The Coventry-based firm said tough market conditions had forced a review of the business.

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Hunt to set out plan for growth as criticism mounts

It will be scrutinised by businesses who claim the government has no long-term plan for the economy.

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Transpennine Express boss apologises for poor services

The head of Transpennine Express admits services have not been good enough in recent months.

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Adani Group: Asia's richest man hits back at 'con' allegations

Indian billionaire Gautam Adani hits back after fraud claims wipe billions off his company.

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Heat pumps: The 'geeks' obsessing over their new heating systems

More people are heating their homes with heat pumps and some are getting data obsessed.

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Royal Mail overseas parcels ban 'costing me hundreds of pounds'

Small businesses are still unable to send new parcels overseas two weeks after the Royal Mail cyber-attack.

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Amazon union fight continues despite workers' win

Amazon Labor Union leader Chris Smalls says it's time for the firm "to come to the table and negotiate".

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Turning problem sea algae into a replacement for plastic

Seaweed and microalgae is increasingly being turned into useful products.

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Green claims on household basics investigated

The competition watchdog is concerned shoppers are being "misled" about goods claiming to be green.

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Royal Mail says strikes have cost it £200m

The owner of the mail delivery service reveals the cost of the ongoing dispute over pay and conditions.

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Cost of living: Cash bonuses behind record number of bank switches

Up to £200 was offered by some banks to switching customers - prompting the most moves since 2013.

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Tesla posts record profit despite price cuts

Elon Musk's electric car company is facing questions as the economy weakens and borrowing costs rise.

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Microsoft Outlook and Teams down for tens of thousands around world

Data from outage tracking website Downdetector showed more than 5,000 reports in the UK alone.

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Justin Bieber sells rights to songs for $200m

The pop star joins a growing group of artists who have cashed out on their catalogues.

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Microsoft sees slowest sales growth in six years

The update follows the firm's move to eliminate about 10,000 jobs.

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US accuses Google of 'driving out' ad rivals

A federal lawsuit alleges the tech giant's anti-competitive actions mean more websites need paywalls.

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Online car retailer Cazoo consults with staff over site closures

Hundreds of jobs are at risk at online car retailer Cazoo, including 300 in Lincolnshire.

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National Grid plan: 'We should earn £10 by turning everything off'

Some people can cut back on electricity to get a bonus payment, but some will earn very little.

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Royal Mail boss accused of giving inaccurate evidence

Simon Thompson will be quizzed again by MPs after "hundreds" complaints about his earlier testimony.

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Ticketmaster blames cyber attack for disrupting Taylor Swift tour sale

The company says it faced an "unprecedented" software attack when the star's Eras tour went on sale.

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Amazon union fight continues despite workers' win

Amazon Labor Union leader Chris Smalls says it's time for the firm "to come to the table and negotiate".

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Twitter sued by Crown Estate over alleged unpaid rent at UK HQ

The alleged rent arrears relate to office space at Twitter's UK headquarters in central London.

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M&Ms replacing spokescandies with comedian Maya Rudolph

The company said it has put a 'pause' on the mascots after a rebrand "broke the internet".

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Microsoft extends AI partnership with ChatGPT and Dall-E maker OpenAI

It announces a "multi-year, multibillion dollar investment" with OpenAI to accelerate breakthroughs.

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Demand Flexibility Service: What is the energy saving scheme for electricity?

A scheme to reward people for cutting back on electricity use is being introduced.

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Food suppliers hit back at Tesco chair in price hike row

Industry body the Food & Drink Federation says supermarkets are already "very tough" on suppliers.

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Fullers blames rail strikes for pub profit warning

The pubs and hotels operator says industrial action has wiped £4m off its full-year sales.

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Covid: Thailand tourism up but still below pre-pandemic level

The holiday destination is set to start charging overseas visitors $9.20 each from the start of June.

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Technology can help the NHS, says AstraZeneca boss

AstraZeneca's Leif Johansson says AI and screening could prevent costly treatment in hospitals.

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National Grid puts coal plants on standby to supply electricity

National Grid ESO orders coal-fire units to begin warming up as the UK's cold snap continues.

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Strikes Update: How Monday 23 January’s walkouts will affect you

What you need to know about the ambulance workers' strike, by the BBC's Zoe Conway.

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Energy Price Cap: Labour calls for three month extension

Extending the £2,500 energy price cap until July can be funded by a tougher windfall tax, Labour says.

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Firms may be hiking prices beyond inflation - Tesco boss

Food suppliers may be using inflation as excuse to raise prices further than necessary, John Allan says.

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Crackdown on forced prepayment meters ordered by government

Many customers have been left without heat and light when not able to afford topping up their prepayment meters.

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UK steel industry a whisker away from collapse - Unite

Unite has written a letter to the Business Secretary Grant Shapps seeking more government support.

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Stagecoach co-founder Dame Ann Gloag charged with human trafficking offences

The Stagecoach co-founder, her husband and two members of her family strongly deny the allegations.

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Elite chefs say kitchen work 'like going to war' - study finds

Michelin star chefs routinely face mental and physical abuse at work, a new study suggests.

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Lloyds and Halifax to close 40 more bank branches

As more people bank online, footfall in physical branches has dropped, says Lloyds Banking Group.

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UK considers £300m rescue funding for British Steel

The government is considering help for the struggling steelmaker to secure thousands of jobs, reports say.

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Google parent Alphabet to cut 12,000 jobs

Six per cent of Alphabet's workforce will be lost worldwide, and US staff will be affected immediately.

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Crypto lender Genesis files for bankruptcy

The cryptocurrency lender’s collapse is the latest blow to the sector.

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Starmer: UK car industry 'needs to be saved'

The Labour leader says the sector needs a strategic plan, following the collapse of British Volt.

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New FTX boss John Ray could bring back bankrupt crypto firm

John Ray said he may restart the platform to try to recover "value" for customers who lost money.

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Labour calls for Transpennine Express rail contract removal

The north of England rail service has "never been worse", the shadow transport secretary says.

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Argos to close all stores in Republic of Ireland in June

The 34 stores the company operates will close after the investment needed was not viable.

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Cost of living: Calls grow for a ban on prepayment meter switching

Citizens Advice says it has seen a sharp increase in people needing crisis support, such as emergency grants.

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Christmas boost for Hotel Chocolat but problems at Dr Martens

The confectioner says shoppers returned to its stores, but shoe maker Dr Martens is hit by US woes.

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Train strikes: Cheaper to settle, minister admits

It would have cost the UK less if the disputes had been settled months ago, admits rail minister.

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Strikes Update: How nurses' strikes on Thursday will affect you

What you need to know about the nurses' strike and other industrial action, by the BBC's Zoe Conway.

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Microsoft to cut 10,000 jobs as spending slows

Chief executive Satya Nadella says cuts will cost $1.2bn as tech firms scale back from Covid growth.

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Cost of living: Rents and house prices continue to rise

Private rental prices continue a trend of rises higher than anytime in the last seven years.

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Air travel costs soar at record rate in December

The price of a plane journey rose at the fastest pace since 1989 while coach travel jumped.

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Chancellor branded 'Mr Bean' for inflation video

Jeremy Hunt drew comparisons to the comic character as he used coffee cups to explain soaring costs.

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Can I get a Cold Weather Payment and how much are they?

Cold Weather Payments are available to some when there is a run of sub-zero temperatures.

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Strikes Update: How nurses' strikes on Wednesday will affect you

What you need to know about the nurses' strike and other industrial action, by the BBC's Zoe Conway.

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Elon Musk begins trial over Tesla tweet that cost him $20m

Shareholders are suing the Tesla CEO over a 2018 tweet saying he had the funds to take the firm private.

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Royal Mail accused of prioritising parcels over letters

The postal service is accused of breaching its legal obligations, but the firm denies it is doing so.

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Ocado says shoppers buying fewer items as costs rise

The online grocery delivery service says shoppers are buying less as the cost of living soars.

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Britishvolt expected to fall into administration

Sources have told the BBC to expect a notice to be filed in insolvency courts this morning.

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Putin is weaponising food, says boss of fertiliser giant Yara

The boss of Yara says Russia's invasion of Ukraine has driven up the price of fertilisers and food.

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The green trade row dividing the Davos elite

A transatlantic spat over green subsidies is casting a shadow over this year's World Economic Forum.

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Twitter: Five ways Elon Musk has changed the platform for users

Twitter users say the social network has "a different vibe" since the billionaire took charge.

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M&S to create 3,400 jobs as it opens new stores

The retailer says it will open 20 stores in the next year, including five in former Debenhams sites.

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Britishvolt: Fears rise over future of British battery giant

Shareholders are voting on the future of the company which aims to make batteries for electric cars.

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Dr Ranj Singh: Four ways to protect your mental health

The rising cost of living can be stressful but there are steps you can take to help.

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Energy boss warns higher bills are here to stay

Equinor's chief says while prices will not be as volatile, investment in renewables must be paid for.

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Single-use plastic: Takeaways face ban in October

More details emerge of a ban that businesses say could make takeaways more costly.

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Winklevoss firm charged in US over crypto sales

Its partner company is also accused of illegal sales to hundreds of thousands of investors.

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India targets China's dominance in mobile phones

There's some way to go, but India hopes to build its own world-class mobile phone industry.

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Tesla cuts prices by up to a fifth to boost demand

The electric car maker is reducing prices by thousands of pounds as global downturn threatens sales.

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Byron Burger chain owner shuts sites and axes jobs

The company will close nearly half of its restaurants and cut 218 staff in a further restructure.

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Adidas loses stripes row trademark battle with luxury designer Thom Browne

The sportswear giant argued the use of four parallel stripes was too similar to its logo.

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Does easing US inflation point the way for the world?

It may be good news for the rest of the world if price increases in the US continue to slow.

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Royal Mail hit by Russia-linked ransomware attack

The group is working "around the clock" to resolve severe disruption to overseas deliveries.

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Disney accused of squeezing theme park customers

Investor Nelson Peltz says price rises at Disney's theme parks are unsustainable.

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Liberty Steel restructuring puts 440 jobs at risk

Union leaders say plans to mothball factories and cut production is a 'body blow' to workers.

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US inflation eases as energy prices drop

Prices in the US rose 6.5% over the 12 months to the end of December, the US Labor Department says.

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Royal Mail: Overseas post still disrupted after 'cyber incident'

The group said its team was working "around the clock" to resolve disruption caused by a "cyber incident".

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Sri Lanka's central bank urges China and India to reduce its debts

The crisis-hit Indian Ocean state cannot access a $2.9bn bailout until its debts to China and India are resolved.

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World's richest man promotes daughter to head Dior

Bernard Arnault made his fortunes as chief executive of French fashion giant, LVMH.

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100,000 civil servants to strike on 1 February

People working in 124 government departments and several other bodies will walk out on 1 February.

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Royal Mail 'cyber-incident' hits overseas post

The firm is telling customers to stop sending items abroad while it tries to resolve the issue.

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Elon Musk's drop in fortunes could break record

The Tesla and Twitter boss has seen his fortune fall by $165bn (£135bn) since November 2021.

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Rail strikes: Unions say solution is 'further away' than ever

The head of train drivers' union Aslef says a solution is "further away" than ever, despite talks.

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Barratt warns of 'marked slowdown' in housing market

The housebuilder says changes to mortgage rates have made homes less affordable.

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Cryptocurrency: UK Treasury considers plan for digital pound

The economic secretary to the Treasury says the UK is committed to becoming a world crypto hub.

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Grant Shapps unveils new powers in strike laws

Unions say the plans for minimum service levels are "undemocratic and unworkable".

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Strikes Update: How Wednesday 11 January’s walkouts will affect you

What you need to know about the ambulance workers' strike and other industrial action, by the BBC's Zoe Conway.

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Wilko customer service staff at risk of redundancy

The 95 staff members at its contact centre are in a consultation process, the company says.

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Amazon warehouse closures put 1,200 jobs at risk

The online giant is to shut three warehouses, but also plans to open two new ones creating 2,500 roles.

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Will the metaverse be your new workplace?

Some predict that in the future we'll work in virtual worlds, but others are not convinced.

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Energy bill support for firms to be reduced from April

The government says the current level of support for firms was "unsustainably expensive".

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McDonald's: Former boss Easterbrook fined for misleading investors

The chain fired Stephen Easterbrook after finding he had had a consensual relationship with an employee.

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Britishvolt in talks to secure Northumberland gigafactory

It is hoped at least 3,000 jobs will be created at the factory to produce electric vehicle batteries.

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UK space launch: Historic Cornwall rocket mission set to blast off

A modified jumbo jet will fly out of Cornwall on a mission to send nine satellites to orbit.

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Brewdog boss pays out £500,000 in gold can row

James Watt says he made some "costly mistakes" in ads offering people a chance to win gold cans.

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Union talks aimed at ending strike action

Officials are expected to hold separate talks on Monday with health, teaching and rail unions.

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US Farmers win right to repair John Deere equipment

The grassroots movement has grown among consumers around the world as repair costs soar.

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Fashion brands paid Bangladesh factories less than cost - report

High street retailers paid suppliers in Bangladesh less than production costs, researchers claim.

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Strike daily: How Monday 9 January strikes will affect you

What you need to know about industrial action taking place on Monday.

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Jack Ma to give up control of fintech giant Ant Group

The billionaire has seldom been seen in public since criticising China's financial sector in 2020.

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Flying boats and other tech for cleaner shipping

The shipping industry is experimenting with foils, sails and fuel to make itself less carbon intensive.

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BA unveils jumpsuits in first uniform revamp for 20 years

The airline has updated its workwear for the first time in 20 years with designs by Ozwald Boateng.

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Wind generated a record amount of electricity in 2022

More electricity in Great Britain last year came from renewable sources than from fossil fuels.

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Taliban and China firm agree Afghanistan oil extraction deal

It is the first major energy extraction agreement with a foreign firm since the Taliban took power.

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Samsung sees profit plunge by 69% as chip prices slump

The slump comes as the global economic slowdown hits memory chip prices and demand for devices.

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Many Android phones to get satellite connectivity

When there is no mobile coverage, phones will be able to send and receive emergency texts via satellite.

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Staff must be free to work for employer's rivals - US regulator

Officials say non-compete clauses unfairly limit pay and opportunities for some 30 million Americans.

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Iron Maiden release limited edition postal stamps with Royal Mail

English heavy metal band Iron Maiden have been honoured with a set of twelve commemorative stamps.

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Covid: Hong Kong to lift year-long ban on hamster imports

Officials in the city previously ordered a culling of the pets to stop the spread of Covid-19.

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Next warns of 8% price rise for spring and summer

The High Street retailer expects price increases to continue into the second half of 2023.

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Amazon to shed over 18,000 jobs as it cuts costs, CEO says

The announcement comes after the technology giant said last year that it would reduce its headcount.

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UK new car sales hit 30 year low but electric vehicle demand soars

A chip shortage contributed to the drop in car registrations in 2022 - but electric cars boost market share.

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Meta fined €390m over use of data for targeted ads

The EU data watchdog says the way Meta obtained permission to process users' data for ads broke data law.

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Mortgage approvals sink to lowest level in two years

New figures from the Bank of England show that they dropped to their lowest level since the middle of the pandemic.

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Tuesday to Thursday is the new office working week, data suggests

Analysis of mobile phone data finds people are swapping big cities for life by the seaside.

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Shoppers face higher prices after energy bill help ends

Shops may have no choice but to up prices when energy bills rise in April, the retail industry body says.

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Microsoft recognises first labour union in US

Quality assurance workers at the video production company ZeniMax studios agreed to form a labour union.

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Energy bill help for firms expected to be halved

Gas and electricity prices have been fixed for firms until the end of March, but many want the support to continue.

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Sam Bankman-Fried pleads not guilty to fraud

'King of Crypto' Sam Bankman-Fried could face more than 100 years in prison if convicted.

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Tom Karen: Designer behind 1970s' cult classics dies

Tom Karen helped create some famous children's products from the 1970s as well as the Bond Bug car.

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Firms call for clarity over energy bill support

Gyms and hospitality firms say they need to know if they will get help from the government after March.

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Cost-of-living payments: Three instalments totalling £900 confirmed

People receiving benefits and on a low income will receive the money in three instalments.

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Tesla reports record 1.3m deliveries for 2022

However, Elon Musk's electric car maker missed Wall Street forecasts for the last three months of the year.

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Four-day working week: How we got here - and where next

Working four days a week might seem radical. But it wasn't so long ago that a six-day week was normal.

from BBC News - Business https://ift.tt/y2zGSek

Train strikes: People returning to work face more strikes

Only 20% of services are expected to run this week due to walkouts by RMT and Aslef union members.

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Dubai scraps 30% alcohol tax and licence fee in apparent bid to boost tourism

It will also stop charging for personal alcohol licences - something anyone who intends to drink needs to carry.

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Third of world in recession this year, IMF head warns

Kristalina Georgieva said 2023 will be "tougher" than last year as the global economy faces challenges.

from BBC News - Business https://ift.tt/pPhE6LI

Shops face challenging year ahead, says industry body

The first half of 2023 will be particularly difficult, the British Retail Consortium predicts.

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