Debt ceiling deal: US House overwhelmingly passes bill

The Senate must approve the deal and send it to the president's desk this weekend to avoid a default.

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Every Canadian cigarette will soon carry a health warning

Canada will be the first country to have warning labels on the tipping paper of individual cigarettes.

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Sackler family wins immunity from opioid lawsuits

The wealthy owners of Purdue Pharma will be protected in exchange for a multi-billion dollar settlement.

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Air New Zealand weighing passengers before flying

The airline says it is required to know the average weight of everything on board to improve fuel efficiency.

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ArrDee: Alcohol adverts featuring rapper banned by watchdog

The regulator said the advert for Litty Liqour was "likely to encourage excessive consumption of alcohol".

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Disruption as fresh wave of train strikes begins

Train drivers will walk out on Wednesday, with further strikes planned for Friday and Saturday.

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Elon Musk: Tesla boss on first China trip in over three years

The multi-billionaire has not yet publicly commented on the visit, which comes amid US-China tensions.

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Universal credit childcare funding to rise 47% from June

From 28 June, parents on universal credit can claim up to £1,630 childcare for two or more children.

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Theranos CEO Elizabeth Holmes begins 11-year prison sentence

The Theranos founder, 39, was convicted last year of defrauding investors and wire fraud.

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Nvidia hits $1tn valuation as investors buy AI buzz

Investors excited about the possibilities for artificial intelligence have sent the US chipmaker's value soaring.

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Strikes Update: How train drivers' walkout on Wednesday will affect you

What you need to know about the walkout by Aslef train drivers, by the BBC's Zoe Conway.

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Asda buys petrol station group EG for £2.3bn

The deal combines two businesses that are both already owned by the billionaire Issa brothers.

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Foxconn: iPhone maker hikes pay ahead of new model launch

Foxconn's move comes ahead of the expected launch of Apple's iPhone 15 later this year.

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Amazon to offer parents term-time-only working

The online giant is offering a flexible contract but the GMB union says workers want higher pay.

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Elizabeth Holmes is going to prison. Will she ever pay victims too?

Experts say victims often never get their money back from those who defrauded them.

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Capita hack: 90 organisations report data breaches to watchdog

The privacy watchdog is urging groups using the outsourcing giant to check if data has been exposed.

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FTX: Singapore state fund Temasek cuts pay after failed investment

Last year, Temasek Holdings wrote off all of the $275m (£222.8m) it had invested in FTX.

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Mars bar plastic wrapper swapped for paper

Mars trials environmentally friendly paper wrappers for some of its chocolate bars.

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Food price cap won't make a difference - retailers

The government wants to encourage supermarkets to impose voluntary price caps on some food products.

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How prosperity fuels dowry demand in India

Researchers studied 74,000 marriages that took place in India between 1930 and 1999.

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Who is Linda Yaccarino, Twitter's 'superwoman'?

Can new chief executive Linda Yaccarino fix Twitter?

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Plans for supermarket price cap on basic food

Prices on products like bread, milk and sugar could be capped under a voluntary scheme.

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JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties

Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship.

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Post Office used racist terms for sub-postmasters in official guidance

A document shows racist language was used to describe sub-postmasters being wrongly investigated.

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ChatGPT-maker U-turns on threat to leave EU over AI law

OpenAI's Sam Altman previously said if it fails to comply with the forthcoming AI Act, it might exit the EU.

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First Republic: 1,000 jobs cut by new owner JP Morgan

It comes after First Citizens, which bought the US operations of another troubled lender, announced job cuts.

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US Congress closing in on debt ceiling deal - reports

Negotiators are said to be nearing a possible deal, US media reports, ahead of a holiday weekend.

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When will we start seeing energy bill deals again?

With bills set to drop from July, fixed deals could be due to make a comeback, say experts.

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Sainsbury’s boss: We are not profiting from high prices

Supermarkets have been accused of "greedflation" - putting prices up to bolster profits.

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Nationwide building society to raise mortgage rates

Britain's biggest building society says it is putting up rates due to the current economic climate.

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British Airways cancels 40 flights due to another IT issue

The carrier says it is trying to resolve "technical issues” that have affected flights at Heathrow.

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Pets at Home chain plans to open 40 new stores

The chain said the rise in home working was inspiring more people to buy pets.

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Firstsource: Job loss fears in Belfast and Londonderry

Firstsource has initiated a redundancy process due to the 'changing priorities' of its client Sky.

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Silicon Valley Bank: 500 jobs cut by new owner First Citizens

The move comes two months after SVB's collapse triggered fears of a banking crisis.

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Expected energy price cap cut will see bills fall

The regulator will soon confirm the change, which is likely to knock £450 off a typical annual bill.

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Are investors finally nervous about the US debt ceiling?

US financial markets falter as debt ceiling talks continue. So is Wall Street getting nervous?

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Minister attacks Meta boss over Facebook message encryption plan

Minister Tom Tugendhat criticises Mark Zuckerberg over Facebook's extension of message encryption.

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Virgin Orbit: Branson's rocket firm permanently ceases operations

The announcement that Virgin Orbit has shut down comes just months after a major mission failure.

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Formula 1: Honda to return as Aston Martin engine partner in 2026

Honda will return to Formula 1 in 2026 as engine partner for the Aston Martin team.

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ChatGPT: Can China overtake the US in the AI marathon?

Washington's efforts to limit China's access to crucial cutting-edge technology continue.

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Why car parks are the hottest space in solar power

Car parks are a good place for solar panels, providing shade and electricity where it is needed.

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Netflix begins UK crackdown on password sharing

The streaming giant will charge users for sharing passwords in the UK and the US.

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Indian banks start exchanging withdrawn 2,000-rupee notes

The 2,000-rupee notes have been withdrawn, sparking concerns and confusion.

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Bird flu: Brazil declares animal health emergency after several cases found

The country is the world's largest exporter of chicken meat, and wants to stop the virus spreading.

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WhatsApp to allow users to edit messages within 15 minutes

The instant-messaging service, which is used by 2 billion people, counts India as its largest market.

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TikTok sues Montana to overturn first US state ban

The western state last week became the first in the US to ban the hugely-popular video platform.

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Top economist calls for 'lenient' migration rules

Andy Haldane's comments come after the prime minister said legal migration was too high.

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Train wi-fi at risk as part of cost-cutting move

The government says wi-fi is not a priority for passengers, but one expert claims trains could lose custom.

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Facebook fined €1.2bn for mishandling users' data

The dispute is over Facebook's transfer of European data to US servers.

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Ryanair returns to profit as fares jump

The airline benefits as travel demand rebounds and one expert warns fares are set to rise further.

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US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse

The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy.

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China bans major chip maker Micron from key infrastructure projects

It is China's first major move against a US chip maker, as tensions increase between Beijing and Washington.

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Why food bills aren't shrinking - five things to know

Prices in the shops remain much higher than a year ago, despite falls in energy and food costs.

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CBI banned alcohol-only events after staff party, says ex-chief

Former boss Dame Carolyn Fairbairn claims she took action following poor behaviour at the event.

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Government rules out more help on energy bills

The price cap on gas and electricity is set to fall, but at about £2,000 remains historically high.

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Mortgage deals: Five new products aiming to beat interest rates rise

As interest rates rise, some lenders are offering no-deposit mortgages and removing the "stress test".

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Energy bills predicted to fall from July by nearly £450

Ofgem is poised to announce a cut in its price cap next week, according to an energy consultancy firm.

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G7 Summit: Africa seeks new role as nations eye its resources

As wealthy nations compete, Africa wants to keep more of the benefits from its natural resources.

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Long-term sick: How record number changes UK economy

For every 13 people working one person is long-term sick - and economists say it is harming growth.

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Finance delays for divorcing teachers and NHS staff as pensions recalculated

Both current and retired staff face "a severe and drastic impact" from the delays, say solicitors.

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Flooding: Toilet bungs and other prevention measures to save homes

A campaign will urge homeowners to consider simple measures to save costs and heartache from flooding.

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Network Rail says infrastructure will get less reliable

Extreme weather and rising costs are stretching the budget for maintaining rail infrastructure.

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Tesco chairman John Allan to quit after claims over behaviour

The supermarket says John Allan is leaving as allegations over his conduct "risk becoming a distraction".

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Will a Russian diamond ban be effective?

Countries in the G7 bloc want to be able to trace the gemstones to block Russian exports.

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Multi-billion pound JLR gigafactory looks set for UK site

Talks between the government and Tata Jaguar Land Rover are believed to be at an advanced stage.

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'We are selling a product that we hope gets discontinued'

The firms aiming to help eradicate invasive species by making commercial use of them.

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Disney scraps $867m Florida plan amid Ron DeSantis feud

The company makes the decision amid an escalating legal battle with Florida Governor Ron DeSantis.

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Train strikes: RMT members to walk out again on 2 June

Members of the RMT union will strike on Friday 2 June in a national dispute with 14 train companies.

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Asda consults on cutting pay for 7,000 workers

The supermarket chain says it is consulting on whether higher pay for some employees "makes sense".

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Industrial estate firms hit by 400% energy price hike

Small firms on Lydney industrial estate have cut production to cope with spiralling costs.

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Rishi Sunak seeks closer ties with Japan ahead of G7 summit

Rishi Sunak says a new defence partnership will see closer cooperation between the armed forces.

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Elon Musk: I will say what I want even if it costs me

Twitter's owner has been criticised for spreading disinformation and conspiracy theories online.

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Montana to become first US state to ban TikTok

Governor Greg Gianforte signed the ban into law on Wednesday, paving the way for a First Amendment fight.

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Food bank uses tech to plug donation shortfall

Soaring demand means food banks have to buy groceries - but tech is being used to target donations.

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Legend of Zelda game sells 10 million copies in three days

Tears of the Kingdom becomes the fastest-selling game in the Legend of Zelda franchise.

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Purplebricks snapped up by rival Strike for £1

The online estate agent agrees a deal to sell its business and assets to rival Strike for the token sum of £1.

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Warning business needs new relationship with government

The boss of the British Chambers of Commerce issues warning at start of its annual conference.

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Ex-Apple engineer accused of stealing self-driving car secrets

The 35-year-old suspect allegedly downloaded large amounts of data before fleeing to China.

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How computer games encourage kids to spend cash

Many parents are frustrated with games that encourage children to spend money to advance.

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Two poultry workers test positive for bird flu

The cases in England were found during screening and there is no sign of human-to-human transmission.

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Bank of England chief economist sorry for 'inflammatory' comment

Huw Pill says he regrets saying people should get used to being poorer or risk high inflation.

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Teachers and nurses dragged into higher taxes, warns think tank

The Institute for Fiscal Studies warns a freeze on income tax thresholds will hit middle earners.

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Eurovision: Liverpool event better than we imagined, businesses say

Businesses in Liverpool celebrate a bumper two weeks thanks to an influx of visitors for Eurovision.

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Royal Mail to be investigated for missed delivery targets

The postal service faces another fine by the industry watchdog for falling short on first class mail.

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Center Parcs owner Brookfield puts holiday chain up for sale

The private equity owner of the resort firm wants to sell the business for up to £5bn.

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Engineering giant Wood sees off takeover interest from investment firm

Apollo Management Holdings announced it will not make a formal bid for the Aberdeen-based firm.

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Percy Pig ice cream renamed after 'polite' M&S request

Fabio Vincenti is now considering alternative names for his pig-based treat.

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Scrap tax on sunscreen, say cancer charities

Cancer experts want VAT removed to make sun creams more affordable in the cost-of-living crisis.

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Should social media face-altering tech be regulated?

With photo manipulation technology now extending to videos some want authorities to intervene.

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AI creator on the risks, opportunities and how it may make humans 'boring'

AI boss on the future of artificial intelligence and what will happen if computers become more clever than humans.

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Pat Cullen: Nursing union calls for double-digit pay rise to restart talks

Union boss Pat Cullen urges ministers to reopen pay talks in England after her members rejected a 5% offer.

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Is the UK too late to beat the US in the global trade war?

The US is offering huge incentives to electric car firms, but the UK risks falling behind.

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Skipton: Will deposit-free mortgages help budding first-time buyers?

Will Skipton Building Society's deposit-free deal help those hoping to buy in the lender's home town?

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Linda Yaccarino leaves NBCUniversal amid Twitter talk

The move follows Elon Musk's announcement that he has found a new person to lead Twitter.

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GMB union writes to tribunal for Amazon recognition in pay row

The trade union is writing to the Central Arbitration Committee to request legal recognition.

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Holiday car hire costs soar since pandemic, says Which?

Consumer group Which? says costs at popular destinations are up with customers often stung by hidden charges.

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Confectionery firms try to sugar coat price rises

Makers of sweets and chocolates are aiming to shield customers from their higher costs.

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Peloton recalls 2 million bikes over injury risk

It is the second major recall for the bike company which soared to popularity during the pandemic.

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Elon Musk says he has appointed new Twitter boss

The billionaire has been under pressure to name someone else to lead the company and focus on his other firms.

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New York City passes law barring weight discrimination

America's largest city joins a movement to make size a protected trait on par with race and gender.

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Leasehold system won't be abolished by government this year

Housing Secretary Michael Gove has previously promised to scrap the "unfair" system in England and Wales.

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India's Russia oil imports jumped tenfold in 2022, bank says

The country saved $5bn as it ramped up purchases from Moscow following Western sanctions on Russia.

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Disney+ streaming business loses 4m subscribers in first quarter

Most of the losses came from its Hotstar service in Asia, which has lost rights to Indian cricket matches.

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Renewable energy projects worth billions stuck on hold

Major renewable energy projects being delayed by more than 10 years as grid reaches capacity.

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Warning UK losing £2,300 per minute to fraud

Bank industry group UK Finance calls for tech firms to help reimburse fraud victims.

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Vodafone 3G turn-off sparks internet access fears

The network is to begin a UK-wide shutdown of its 3G network in June so it can invest more in 4G and 5G.

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How worried should I be about the US economy?

Bank failures, job cuts and a stalled out stock market - is the world's largest economy in trouble?

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Briton pleads guilty in US to 2020 Twitter hack

It was probably the most high-profile hack in social media history, hitting dozens of famous accounts.

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Longer lorries to be allowed on Britain's roads

More goods can be carried in fewer trips, says government, but campaigners have safety concerns.

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John Lewis staff to vote on future plans as anger grows

Chair Sharon White faces non-binding vote of confidence after the retailer struggles to compete.

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Goldman Sachs to pay $215m in sex discrimination case

The bank will pay a "substantial" sum after facing claims it underpaid female staff in the US.

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Thames, Yorkshire and South West bosses refuse bonus over sewage spill

The CEOs of Thames, Yorkshire and South West Water will not take their bonuses this year.

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Ryanair signs $40bn deal for 300 Boeing aircrafts

Ryanair agrees a deal which will see it purchase up to 300 aircraft over the next decade.

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Will the US default on debt on 1 June? A really simple guide to debt ceiling

The US government could start to run out of money within weeks - how did we get to this point?

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Tesco chairman denies inappropriate touching

John Allan refutes allegations he touched females during events at the supermarket and CBI.

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Is Congress playing a high stakes game of political chicken?

The US is at the risk of actually hitting its debt limit and causing a global economic catastrophe.

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Tech layoffs: LinkedIn cuts 700 jobs and phases out China

The careers site is the latest tech company to announce major job cuts.

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Can a wind turbine handle hurricane speed winds?

As wind farms expand into new areas they will need to withstand extreme wind speeds.

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Royal Mail boss expected to resign within weeks

Simon Thompson is said to be in talks after a bitter union dispute and after he was accused of misleading MPs.

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Sunday sunshine helps Coronation pub takings

One pub chain says sales on Sunday had been "really, really strong" as hospitality firms hope for a boost.

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India: What the smartphone market tells us about its economy

Samsung and Apple have increased their market share and revenues as cheaper rivals see sales slow.

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Janet Yellen: US treasury secretary warns of debt ceiling 'catastrophe'

The US treasury secretary warns Congress it must act to raise the country's borrowing limit.

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Horizon scandal: Post Office boss to pay back part of bonus

Nick Read has admitted last year's accounts contained an "incorrect statement" about work done for the Horizon Inquiry.

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Tata Steel warns of uncertainty over future of UK business

The steelmaker is seeking government support to help switch away from coal-fired blast furnaces.

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Ex-Uber security chief sentenced over covering up hack

Joseph Sullivan was convicted over covering up a security breach of 57 million user accounts in 2016.

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Shell selling stake in controversial Cambo oil field

The project - west of Shetland - is the second-largest undeveloped discovery in the UK's North Sea.

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More UK Amazon workers to vote on strike action

GMB union members in Staffordshire and Nottinghamshire are to be balloted for strikes over pay.

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CBI hires ethics consultancy to overhaul culture

The business lobby group appoints advisors to try to salvage its reputation as police investigate rape claims.

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HSBC foils plan by major investor to break up bank

China's Ping An fails to get the backing to split the lender in a crunch vote over its future.

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Banks warn of big increase in online scams

Barclays said 77% of scams are now happening on social media, online marketplaces and dating apps.

from BBC News - Business https://ift.tt/Tp4exGl

Yorkshire's independent brewers in battle to survive 'perfect storm'

Independent brewers in Yorkshire react to news that one of their famous counterparts is in trouble.

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Sausage maker Heck cuts vegan range as appetite drops

Heck says the public's appetite for meat-free sausages and burgers is "not really there yet".

from BBC News - Business https://ift.tt/S1dkzQ8

Number of people getting mortgages rises sharply

The Bank of England says the number of mortgages approved in March increased but from low levels.

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British Gas to stop using contractors to force-fit prepayment meters

The change follows an outcry after agents working for British Gas broke into the homes of vulnerable people.

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Shell reports stronger than expected profits

The oil and gas giant makes $9.6bn between January and March despite a dip in energy prices.

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

Covid: China tourism rebounds above pre-pandemic levels

Domestic travel in the country jumped sharply during the five-day May Day break.

from BBC News - Business https://ift.tt/qR4wl2i

Credit Suisse: Asia investors sue Switzerland over bank collapse

Investors are suing the Swiss government over its handling of the takeover of Credit Suisse.

from BBC News - Business https://ift.tt/RbCku8Z

Fed raises US interest rates to highest in 16 years

The US central bank announces its tenth rate rise, while signalling it may be the last increase for now.

from BBC News - Business https://ift.tt/ju5U6WI

Coca-Cola supplies could be hit by strike - union

Workers at Europe's biggest soft drinks factory in Wakefield are balloted over industrial action.

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

UK to ban cold calls selling financial products

Rules tackling scams will be extended as millions are targeted by fraudsters.

from BBC News - Business https://ift.tt/vCY1owN

India's Go First cancels flights after bankruptcy

The country's fourth largest carrier blames US engine maker Pratt & Whitney for its problems.

from BBC News - Business https://ift.tt/0Q8wkj4

Air travel chaos looms as US keeps 5G altimeter refit deadline

A July deadline for airlines to refit planes to avoid 5G signal interference will remain in place.

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Coronation: Think of millions working during celebrations - union

Coronation celebrations will depend on millions working through the weekend, say trade unions.

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Banks: Is this a banking crisis - how worried should I be?

Another troubled US bank has been taken over, but your money is safe, say regulators.

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

Tinder owner to quit Russia more than a year after invasion began

The owner of the dating app follows other global brands that cut ties in 2022.

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BP reports stronger than expected profits

The oil and gas giant posts profits of $5bn (£4bn) for the first three months of 2023.

from BBC News - Business https://ift.tt/W6URLe2

Silicon Valley Bank: HSBC says UK buyout boosted profit by $1.5bn

HSBC bought Silicon Valley Bank's British business in a deal led by the government and the Bank of England.

from BBC News - Business https://ift.tt/g1yo3uh

Shein: China fashion giant faces US calls for probe over Uyghur claims

Lawmakers demand an investigation into the Chinese fashion giant's alleged links to forced labour

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

Australia to ban recreational vaping, crackdown on black market

Minimum quality standards will also be introduced, and the sale of vapes in retail settings prohibited.

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

Debt ceiling: Janet Yellen warns US could hit debt ceiling by 1 June

The Treasury Secretary has warned of "serious harm" to the economy if it hits the debt ceiling.

from BBC News - Business https://ift.tt/Nb5ykw0

Ron DeSantis-aligned oversight board votes to countersue Disney

This latest move is part of an escalating dispute between Disney and Florida's Republican governor.

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First Republic: JP Morgan to take over major US bank

First Republic was seized by regulators, the third major US bank to fail in recent months.

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Capita: Watchdog warns pension funds over data after hack

The Pensions Regulator has told hundreds of funds to check details of customers after a data leak.

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