China hits out at US over TikTok ban on federal devices

Beijing accuses Washington of attempting to use state power to suppress foreign companies.

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The tiny diamond sphere that could unlock clean power

A diamond sphere made in Germany was key to December's breakthrough fusion experiment in California.

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Food and drink prices rise at record pace of 17.1%

One in four shoppers is struggling, research suggests, as grocery prices continue to climb.

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Northern Ireland Brexit deal: At-a-glance

What does the new Windsor Framework agreement between the UK and the EU include?

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Japan ad giant Dentsu named in Olympics bid-rigging complaint

It comes after months of investigations into alleged corruption in the planning and sponsorship of the event.

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Elon Musk defends racist tirade by Dilbert creator Scott Adams

Twitter's CEO accused US media of racism after multiple newspapers dropped the popular cartoon.

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Ron DeSantis tightens his control over Walt Disney World

Walt Disney World's self-governing district is now under the control of Florida's governor.

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Canada bans TikTok on government devices

The federal government says the video app is an "unacceptable" risk to privacy and security.

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Lidl limits sales of tomatoes, cucumbers and peppers

The discount supermarket follows rivals by restricting sales of certain fruit and vegetables.

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Bao Fan: Missing Chinese billionaire assisting authorities, firm says

Bao Fan's disappearance this month renewed concerns of a potential crackdown on finance and tech figures.

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Job centre staff to get bonuses for getting people work

The government's pilot scheme aims to get more Universal Credit claimants into employment.

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Labour says UK risks falling behind Poland

Sir Keir Starmer says that without new policies, living standards will fall below those in eastern Europe.

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Fruit and vegetable shortages 'to last four weeks', says George Eustice

The former environment secretary said supermarkets have to "work to get it right" on supplies.

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The pub bosses that closed their kitchens to stay afloat

Soaring gas, food and staffing costs have made some pubs move away hot meals.

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TSSA rail union accepts pay deal from train companies

The TSSA union says its 3,000 members have accepted an offer including a two-year 9% pay deal.

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Two million air fryers recalled in US over burn hazard

Cosori has received reports of air fryers catching fire and causing minor burns and property damage.

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Signal would 'walk' from UK if Online Safety Bill undermined encryption

Bosses of the messaging app fear the Online Safety Bill could force it to weaken its users' security.

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Netflix cuts prices for subscribers in more than 30 countries

The streaming giant has faced increasing competition from rivals including Amazon, HBO and Disney.

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Is it cheaper to study in a coffee shop or at home?

As prices rise, are there cheaper places than home to work or study?

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US names businessman Ajay Banga to lead World Bank

Raised in India, Ajay Banga led Mastercard for more than a decade.

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Vegetable shortages could last for up to a month

The environment secretary says shortages of some fruit and vegetables could go on for up to four weeks.

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Steel industry concerned over speed of energy help

UK Steel says plans for government support is welcome, but fears more job cuts in the industry.

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Qantas: Australian airline's profits soar back after record Covid losses

The A$1bn profit follows a troubled few years for the airline, full of delays, staff shortages and criticism.

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Japanese motor giants announce biggest pay rises in decades

Toyota and Honda are the latest Japanese companies to increase wages as prices in the country jump.

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Arsenal Women earn 30% more but still behind men

Accounts show a boost in earnings, but the women's team still earns far less than some male players.

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Warning over future of British Steel as it cuts jobs

The Chinese-owned company is proposing cuts at its Scunthorpe site amid economic challenges.

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Starbucks launches olive oil coffee drinks in Italy

The world's biggest coffee chain entered the Italian market in 2018 and has around 20 stores in the country.

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My Money: 'I have 25p left in my bank account'

Alannah, a 27-year-old blogger from Scotland, shares her weekly spending diary.

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Seattle becomes first US city to ban caste discrimination

But a Hindu advocacy group says the ordinance "unfairly singles out and targets an entire community".

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Microsoft defends $69bn Activision deal

Opponents, including Sony, challenged the proposal at an EU hearing held behind closed doors.

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British Steel to cut jobs amid fears for industry

The Chinese-owned firm will cut 300 jobs at its Scunthorpe plant.

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Asda limits sales of tomatoes, cucumbers and peppers

Supermarkets are facing shortages of some fresh fruit and veg due to extreme weather and rising energy costs.

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Councils get more funds for vulnerable households

The Household Support Fund goes to local authorities in England to help those struggling the most.

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Twitter to charge users for text-message authentication

Elon Musk said Twitter was being "scammed" by phone companies over fake authentication-text costs

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UK supermarkets face tomato shortages

Harvests in Europe and Africa have been disrupted by bad weather, a retail body says.

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Russia's economy shrinks by less than expected

Despite widespread sanctions, the country's economy fared better last year than many analysts forecast.

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Tesco boosts staff pay by a further 7%

The supermarket has raised its workers' pay three times in the the last 10 months.

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Drax: Selby power station workers walk out in pay dispute

Workers at the UK's biggest power station stage the first of nine scheduled strikes over pay.

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Price of a cuppa: Sexual abuse on Kenyan tea farms revealed

Secret filming finds sexual exploitation at Kenyan farms supplying some of the UK's biggest brands.

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Brewdog: UK craft beer giant expands into China

The firm says its Punk IPA and other beers will be brewed in the country by the end of next month.

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Afghanistan: Taliban to turn ex-military bases into special economic zones

The first sites will be in Afghanistan's capital, Kabul and the northern province of Balkh.

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Bus cuts: How a city's bus service was quietly cut in half

Britain's bus network has shrunk by 14%, but some places have been harder hit, BBC analysis finds.

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The race across Europe to build green steel plants

A project is under way in northern Sweden which will drastically cut CO2 emissions in making steel.

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Brexit: What can we expect from a deal on NI Protocol?

With talk of an agreement as early as next week, what could the UK-EU compromise look like?

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Co-op cuts best before dates from 150 fruit and veg products

Shoppers will be asked to use their judgement as to whether fruit and veg has gone off.

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Why is the UK economy lagging behind the US, Germany and others?

Projections suggest the UK recovering slower than other countries - and the reasons go beyond Brexit.

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Manchester United: Sheikh Jassim confirms Qatari bid to buy Premier League club

Sheikh Jassim bin Hamad Al Thani, the chairman of one of Qatar's biggest banks, confirms his foundation will bid to buy Manchester United.

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US food sanitation firm fined after children worked nights

More than 100 teenagers, ages 13-17, worked for a sanitation company, the Department of Labor says.

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Transpennine: True extent of cancellations revealed

The rail franchise pulled far more trains than any other operator, figures released by the regulator show.

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Bus £2 fare cap extended for three months

The government support comes after warnings hundreds of services could be cut if funding ended.

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Man Utd sale: Qatari bid for Old Trafford club expected as deadline approaches

As Friday's deadline approaches, who will join Sir Jim Ratcliffe in submitting a bid to buy Manchester United?

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Tesla recalls some of its cars with self-driving software

US safety officials say the recall will affect nearly 363,000 vehicles.

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Rail workers to stage more strikes in pay dispute

The RMT union announces a series of new strikes in March and April.

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Strikes Update: How Friday 17 February’s walkouts will affect you

What you need to know about Border Force and ambulance workers' strikes.

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Tesla accused of firing workers over union campaign

Labour organisers say the firings of more than 30 staff were illegal retaliation.

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KitKat maker Nestle to raise prices again

It comes after the world's biggest food company increased its prices by 8% last year.

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Australia: Vegan milk recalled in New South Wales over botulism case

Regulators have recalled the Inside Out Unsweetened Almond Milk in New South Wales.

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US-China chip war: ASML says China employee stole data

Leading chip equipment maker ASML says it reported the breach to Netherlands and US authorities.

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Is Disney's magic spell wearing off?

Under pressure to boost profit, Disney is doing what has worked for 100 years: rebooting the classics.

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Flybe: Administrators unable to find buyer after collapse

Administrators confirm that rescue talks have ended without a deal for the troubled airline.

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David Malpass: World Bank director who was called climate denier quits

The White House rebuked him after he said he did not know if fossil fuels were driving global warming.

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McDonald's puts up prices on five menu items

The fast food chain says rising food and energy costs mean its prices are going up.

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Louis Vuitton picks Pharrell Williams to lead men's designs

The role was previously held by high-profile designer Virgil Abloh, who died in 2021.

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Sandwich chain Subway explores sale of business

The company is facing rising costs and increasing competition from rival fast food companies.

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United flight 1722: US to investigate Boeing 777's mysterious nosedive

Passengers reportedly screamed as the flight from Hawaii plunged 1,400ft before the plane recovered.

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Huel: Shake firm's adverts banned for being misleading

Adverts implied that Huel meal replacement shakes saved people money, watchdog says.

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Tesla workers launch first ever union campaign

Tesla boss Elon Musk has opposed unionisation efforts in the past.

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Air India in record order for new planes

The airline orders a total of 470 aircraft from Airbus and Boeing as it targets a major expansion.

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Loans firm Amigo let off £73m fine

It failed to carry out proper checks on borrowers but the regulator said the fine would have caused "financial hardship".

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US inflation stays high as housing costs bite

Consumer prices rose 6.4% in the 12 months to January, the Labor Department says.

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The Dutch twins shaking up the UK drinks industry

Joyce and Raissa De Haas, who founded Double Dutch drinks, explain the power of twins in business.

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The apps getting your wardrobe back under control

New apps are encouraging users to wear their old clothes more or buy second hand.

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Lilt drink brand to be scrapped after 50 years and rebranded

Owner Coca Cola is rebranding the soft drink as Fanta Pineapple & Grapefruit.

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London bus strikes: Dispute ends after drivers accept pay increase

Abellio London workers have been holding a series of strikes over recent months.

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Courier firm DX Group accused by rival of espionage

DX Group confirms a rival company has accused it of offering its staff bribes to get information.

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Renters leave London at highest rate in decade, research shows

Many people in their mid to late 30s are moving to neighbouring counties and the Midlands.

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Heathrow records busiest start to year since Covid

The airport says some 5.6 million passengers passed through its terminals in January.

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Net zero targets 'may mean higher taxes'

Economist Lord Stern says public and private investment is needed to reach climate goals by 2050.

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Mars Wrigley factory fined after two workers fall into chocolate vat

Two workers were rescued when a hole was cut in the bottom of a partly-full Mars Wrigley chocolate tank.

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Why are BP, Shell, and other oil giants making so much money right now?

Oil and gas producers are making billions while bills soar. Should governments tax them more?

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New rail strikes ballot to start soon - RMT's Mick Lynch

Mick Lynch says the union will keep talking to rail firms, after it rejected an offer on pay on Friday.

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Plans to dim City of London's skyscrapers to save energy

The City of London Corporation plans curfew times for new developments to switch off or dim lights.

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Diabolical HMRC service hurts economy - accountants

A leading accountants' group claims that understaffing is causing delays for companies.

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Cost of living: My mortgage deal is ending - what are my options?

Nearly two million households will see their mortgage deal end this year, so what should they think about?

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Russia to cut oil production over price caps

The Kremlin plans to reduce output in March after fresh sanctions over Ukraine take effect.

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Tech layoffs: Yahoo to slash 20% of its workforce

Yahoo adds to the growing list of tech companies cutting jobs as consumer and corporate spending shrink.

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Energy bills extra support ruled out by Chancellor

Jeremy Hunt says the government does not "have the headroom" to give household additional help.

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UK economy narrowly avoids recession last year

Official figures show that the economy saw zero growth between October and December.

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Kanye West: Adidas warns of losses from Yeezy fallout

The sportswear giant cut ties with the rapper and designer, known as Ye, over anti-Semitic comments.

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Droughts leave cargo riverboats high and dry

Falling river levels are affecting the use of cargo riverboats around the world.

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Adani: How the billionaire's empire lost $100bn in days

The business tycoon has seen billions wiped off his wealth after a US investment firm's scathing report.

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Disney to cut 7,000 jobs in major shake-up of firm

The cuts come as boss Bob Iger presented his set of financial figures since his shock return to the firm.

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Twitter outage sees users told they are over daily tweet limit

Some users reported being notified they were over the tweet-per-day limit, even if they had not posted.

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Biden agenda clashes with reality of divided Congress

President Joe Biden may not be out of ideas. But he might be out of time.

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Netflix limits account sharing in four more countries

New rules are being introduced in Canada, New Zealand, Portugal and Spain, before further roll out.

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NFT images of furry Birkin bags violated trademark rules

Hermes, which owns the brand, has won a landmark case against an artist who created NFTs of the famous bag.

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Hundreds face job cuts at Nationwide building society

Nationwide Building Society, which has its headquarters in Swindon, is due to cut 450 staff.

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UK regulator opposes Microsoft deal to buy Activision

The Competition and Markets Authority says it would lead to higher prices and fewer choices for gamers.

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US-China trade hits record high despite rising tensions

Imports and exports between the world's two biggest economies totalled more than $690bn last year.

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UK economy likely to avoid recession - think tank

The National Institute of Economic and Social Research predicts the economy to grow marginally in 2023.

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Microsoft unveils new Bing with ChatGPT powers

Bing will now have "answer" and "chat" options in search using the latest in artificial intelligence.

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Strike of 100,000 civil servants set for Budget day

The PCS union plans a second walkout as the row with the government over pay continues.

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Cost of living: Big banks' bosses defend savings rates and branch closures

The bosses of Lloyds, NatWest, HSBC and Barclays said deals had improved as savers shopped around.

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Warning hundreds of England bus services face cuts

Up to 15% of services could be scrapped in the coming weeks if government funding is not renewed, an industry body says

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Trial of scrapping train return tickets extended

The transport secretary will explain how tickets can be simpler for passengers in a speech on Tuesday.

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South Africa's power cuts hit vineyards: No power, no pinot

The country's worst-ever energy crisis lead to fears for South Africa's wine industry.

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Digital pound likely this decade, Treasury says

The Treasury and Bank of England will formally start a consultation for the digital currency, on Tuesday.

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Google launches ChatGPT rival called Bard

The tech giant says its new Artificial Intelligence-powered chatbot will roll out in the coming weeks.

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How the nurses' strike on Tuesday 7 February will affect you

What you need to know about strikes by nurses by the BBC's Zoe Conway.

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Prepayment meters: Magistrates told to stop allowing forced installations

Magistrates have been told to stop authorising warrants for energy firms to forcibly install prepayment meters.

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M&Co: Renfrewshire clothing chain to close all 170 stores

The Scottish company, which used to be known as Mackays, employs almost 2,000 people across the UK.

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Britishvolt set to be bought by Australian firm

Recharge Industries has been named as the preferred bidder for the collapsed UK battery start-up.

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Has the Brexit fishing promise come true?

Boris Johnson said his Brexit deal would mean lots of extra fish caught in the UK - has this happened?

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Cost of living: Call for better pension saving deal for young and low-paid

Current rules disproportionately affect young and ethnic minority workers, a think tank says.

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How NHS strikes on Monday 6 February will affect you

What you need to know about strikes by nurses and ambulance workers by the BBC's Zoe Conway.

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Farewell radiators? Testing out electric infrared wallpaper

Pilots are being run around the UK to see if electric wallpaper could be an efficient way to heat homes.

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Energy firms given Tuesday deadline for prepayment meter action

Business Secretary Grant Shapps said energy firms need to refocus their efforts on customers who had prepayment meters forcibly installed

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Courts waved through warrants for prepayment meter fitting

Magistrates told it is "irrational" not to grant applications by energy suppliers, leaked document shows.

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'I'm obsessed with my smart meter'

Smart meter in home displays can be a useful budgeting tool but for some they become a source of stress.

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Twitter: Number of staff suing goes up daily - lawyer

One former senior manager tells the BBC the treatment of workers by Elon Musk was "unjustifiable".

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FTSE 100 closes at record high

The stock index closes at a high as global inflation and interest rate fears ease.

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Energy bills: Magistrate quits over force-fitting meter warrants

Robin Cantrill-Fenwick says courts are "rubber stamping" warrants that allow energy firms into homes.

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Flybe pilot says company was recruiting day before collapse

Keith Sivell woke up for an early shift last Saturday to find out he had lost his job with Flybe.

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Steven Bartlett: Firm founded by Dragons' Den star to sell for £7.7m

Social media agency Social Chain, founded by Steven Bartlett in Manchester, is set to be sold.

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Can Sri Lanka trade its way back to prosperity?

Ben Chu, Newsnight's economic editor, takes a closer look at the country's economic woes.

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Argentina unveils new 2,000-peso banknote as inflation bites

The new 2,000-peso note comes after the country's annual inflation rate soared to 95% last year.

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Apple sales in biggest fall since 2016

The decline came as people cut back in the face of higher living costs, said Apple's boss.

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EDF suspends forced prepayment meter installations

The move comes after British Gas was heavily criticised for practices around installing prepayment meters.

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Strikes Update: How Friday 3 February’s strike will affect you

With train drivers in England on strike and teachers walking out in Scotland, what do you need to know?

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Royal Mail workers to strike again on 16 February

Around 115,000 postal workers will walk out for 24 hours in a row over pay and conditions, says the CWU.

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Mortgages: What happens if I miss a payment?

Homeowners are worried about higher mortgage costs, but lenders must help those struggling.

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Facebook: Quarter of global population used site daily in December

The firm's shares surge, as boss Mark Zuckerberg declares 2023 a "year of efficiency".

from BBC News - Business https://ift.tt/Mov0tWU

British Gas suspends force-fitting prepayment metres

It follows a report that agents broke into the homes of vulnerable people to install the equipment.

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

ChatGPT firm trials $20 monthly subscription fee

The chatbot has been used millions of times since its public launch last year.

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EU takes on US as tries to win electric car battle

The move comes after the US announced big investments in climate friendly technology.

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British Steel considering 800 job cuts in Lincolnshire

The plans, which have not been formally submitted, come as the firm struggles with high energy prices.

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HSBC staff get a uniform of jumpsuits and jeans

The shift to casual wear for the bank's UK branch staff comes after BA unveiled jumpsuits for cabin crew.

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