Friday, June 30, 2023

Trainee pilots lose tens of thousands after flying schools collapse

Trainee pilots are urging the aviation watchdog to prevent others from losing money and qualifications.

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Sky Mobile and Giffgaff customers suffer outage

The networks both confirm users reporting problems with their mobile phone connection.

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Nutmeg co-founder Nick Hungerford sets up charity for bereaved children

Nick Hungerford's charity for bereaved children, Elizabeth's Smile, is named after his daughter.

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Dutch to restrict chip equipment exports amid US pressure

The Dutch government said the decision was taken on "national security grounds".

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Thursday, June 29, 2023

Can Canada make big tech pay for news?

The country is the latest front in a fight that analysts say has big stakes for news - and democracy.

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Over-30s eye Australia gap year as age limit raised

Australia extends the age limit to 35 for Brits who want to live and work down under.

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Google to scrap local news links in Canada over Online News Act

The move is a protest against a Canadian bill that will make tech giants pay for news content.

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US economy stronger than reported at start of 2023

The new data could bolster the case for higher interest rates.

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Why is Thames Water in so much trouble?

There are fears that the UK's biggest water firm is close to collapse but how did it come to this?

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Customers withdraw record amount of savings in May

People withdraw £4.6bn from accounts in May - the highest on record, Bank of England data shows.

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The women tackling the woeful diversity in plumbing

Despite a shortage of plumbers and heating system installers the industry is still dominated by men.

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Wednesday, June 28, 2023

Sri Lanka: Five-day bank holiday for domestic debt restructuring

There are fears the government's plan could lead to volatility in financial markets.

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Heating down but spending up for royal finances

Royal residences have the heating kept at 19C, as spending rises to almost £108m, annual accounts show.

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Cut low-cost broadband VAT to help more online peers say

Some people struggle to get online, putting them at a disadvantage, a Lord's committee says.

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ChatGPT owner OpenAI to open first foreign office in UK

The Microsoft-backed company says the London office will allow it to 'attract world-class talent'.

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BT investigated over major 999 call disruption

Probe launched after emergency services across the UK reported 999 calls were failing to connect on Sunday.

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Tuesday, June 27, 2023

Drinks giant Diageo ends 'broken' Diddy partnership

The move comes after pop star Diddy accused the firm of neglecting his tequila brand because of his race.

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Boots to close 300 UK pharmacies over the next year

The US owned chain says it will "consolidate" stores in close proximity to each other.

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Thames Water boss quits after sewage spills

Sarah Bentley steps down weeks after giving up her bonus over the company's poor performance.

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Apple joins opposition to encrypted message app scanning

WhatsApp and iMessage could be forced to scan for child abuse images under the Online Safety Bill.

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Ex-Audi boss Stadler avoids jail in VW emissions scandal

Rupert Stadler is given a suspended term and a fine for fraud and negligence over Dieselgate.

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UK to work more closely with EU on financial services

The UK and EU pact is being seen as a step towards better relations over financial services.

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Monday, June 26, 2023

St Mungo's: Staff at homeless charity being indefinite strike over pay

The charity has said that meeting workers' demands would leave it not "financially viable".

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Cheers! Can AI help drinkers buy a better bottle of wine?

Wine recommendation apps are now using AI to help better match people with a bottle they will like.

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Follow EU regulation to keep costs low says Ford boss

Britain's car industry should keep "regulatory alignment" with the EU to avoid extra costs, says Tim Slatter.

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Banks being slow to pass on savings rates - Hunt

The chancellor says there is an "issue" with banks taking "too long" to pass on higher rates to savers.

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HSBC to leave Canary Wharf tower for new world headquarters

The bank will move to a smaller London office to allow for more flexible working post-pandemic.

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Cineworld screens stay open despite administration

The struggling cinema chain is undergoing a restructure as it tries to escape huge debts.

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Sunday, June 25, 2023

PwC Australia: Accounting giant splits business after tax leak scandal

The accounting giant will sell its Australian government consultancy operation for a nominal A$1.

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Students switch to AI to learn languages

Many people are using AI like ChatGPT to improve their language skills but learning that way has drawbacks.

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Britishvolt owner's offices raided by Australian tax police

The buyer of the prospective battery plant in Northumberland has not yet paid for the site.

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Can we stop being tricked into subscriptions?

The US and UK are trying to crack down on firms tricking customers into renewing their subscription.

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Friday, June 23, 2023

Zambian President Hichilema's $6bn debt deal hailed as 'historic'

Much of the money was owed to China, which had been accused of holding up a deal.

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Heathrow security staff call off strikes

Security staff at Heathrow will no longer strike after accepting an improved pay offer.

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Thursday, June 22, 2023

Facebook and Instagram to restrict news access in Canada

It comes after parliament passed a bill requiring tech giants to compensate publishers for news.

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Banks summoned on mortgages after interest rate shock

The big lenders, from NatWest to Nationwide, meet the chancellor over upheaval in the mortgage market.

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Temu: Risk fast-fashion website uses forced labour

The claims arise from an investigation into a US law barring imports made with Uyghur labour.

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Ocado shares surge on Amazon takeover rumours

The online grocer was the UK's most valuable retailer during the pandemic but has struggled more recently.

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Rail union announces three days of strikes in July

The RMT says 20,000 members will strike on 20, 22, and 29 July.

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Police warn Android phone users over 999 call feature

Forces say update that lets button pushes trigger calls is bombarding operators with "silent" calls.

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'I moved abroad to save but still can't afford a mortgage'

Four people explain how rising interest rates are affecting their lives.

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UK interest rate rises to 5%

Interest rates have risen by more than expected to 5% from 4.5%, making the cost of borrowing more expensive.

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Wednesday, June 21, 2023

Turkey's Erdogan set for economic U-turn and steep interest rate hike

Turkey is expected to reverse some of the unorthodox economic policies of President Erdogan.

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Interest rates: How a rise affects you and your money

The Bank of England is expected to raise rates from a current level of 4.5% to control price rises.

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Doune the Rabbit Hole music festival cancelled after union boycott

Organisers said they had been subjected to a "campaign of misinformation" by the Bectu union.

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Amazon said to have 'duped' Prime customers

The US has sued Amazon for allegedly tricking customers during the Prime sign-up process.

from BBC News - Business https://ift.tt/Ul3Ehfz

Tuesday, June 20, 2023

Airbus experiments with more control for the autopilot

Airbus has been testing new automated technology that it says has the potential to improve flight safety.

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Bernie Sanders announces Amazon safety investigation

The move raises pressure on the e-commerce giant over its treatment of workers.

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MOVEit hack: Gang claims not to have BBC BA and Boots data

Cyber criminals say they do not have data belonging to UK organisations thought to be victims of a mass hack.

from BBC News - Business https://ift.tt/zO3FYLQ

Virgin Media email service users suffer lengthy failure

The company has apologised after some problems remain unresolved over 36 hours since first reported.

from BBC News - Business https://ift.tt/im20hkJ

Carlos Ghosn sues Nissan for $1bn in defamation suit

The former boss of Nissan wants to clear his name after his arrest on financial misconduct charges.

from BBC News - Business https://ift.tt/N1cCMGj

Is food inflation higher in Europe than in the UK?

Food prices are growing faster in the UK than in Germany, Portugal or Sweden.

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

Post Office bosses told to repay mistaken bonuses

The money was paid for completing an Inquiry which still hasn't finished

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Monday, June 19, 2023

Ministers to block plans to ban new coal mines

Measures to allow community projects to sell electricity directly to local homes are also set to be dropped.

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Rent takes up biggest share of pay for 10 years

Tenants are spending 28% of their earnings on rent, the biggest proportion for a decade, new figures show.

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Amazon Hilton and Pepsi to hire thousands of refugees in Europe

More than 40 big European firms pledge to hire and train 250,000 Ukrainian and other refugees.

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Record aircraft purchase announced at Paris Airshow

The deal between Indian carrier IndiGo and Airbus is the largest single order by any commercial airline.

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Morrisons and M&S latest to cut price of basics

Scores of goods are to be discounted as retailers face pressure to help ease the cost of living.

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Reddit protesters bombard site with John Oliver pictures

Some of the biggest subreddits are now only allowing posts featuring the British comedian.

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Mortgage deal: Average two-year fix now above 6%

It is the first time since December that the rate has been as high as 6%, driving up costs for homeowners.

from BBC News - Business https://ift.tt/q4gbrPS

Sunday, June 18, 2023

Keir Starmer pledges to end North Sea exploration and let areas profit from clean power

Sir Keir Starmer will vow to cut bills and create jobs when he sets out his party's green energy plans.

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Pirelli: Italy blocks Chinese control of tyre giant

It comes as tensions between Beijing and the West are in focus as the US secretary of state visits China.

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Mortgage help 'under review' says Michael Gove

Michael Gove was asked about what whether any help would be given to those struggling with payments.

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

Friday, June 16, 2023

Avanti West Coast: Train drivers to strike over sick pay Aslef says

Aslef members at Avanti West Coast will take action on 1 July, the train drivers' union says.

from BBC News - Business https://ift.tt/Ph8xanK

Energy bills support took too long to get to people - MPs

About 1.7 million people were left waiting months for help due to government’s "lack of bandwidth".

from BBC News - Business https://ift.tt/U0HXfro

Ryanair apologises for 'Tel Aviv in Palestine' flight row

Passengers on a flight to Israel reacted angrily after a member of cabin crew made the announcement.

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Average two-year mortgage rate close to 6%

Lenders have been increasing the cost of new fixed-rate deals rapidly during a tumultuous week.

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Amazon cleared to buy iRobot vacuum cleaner maker

The UK competition watchdog says the online giant can buy iRobot, the maker of Roomba cleaners.

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

Thursday, June 15, 2023

Lincolnshire beans could provide British solution to imports

Scientists have developed a haricot seed they hope will thrive in the UK after a 12-year project.

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

iPhone maker Foxconn to switch to cars as US-China tensions soar

The firm, which makes over half of the world’s Apple products, seeks its next big growth driver.

from BBC News - Business https://ift.tt/tu8EJmB

Nationwide latest lender to raise mortgage rates again

One broker describes the current situation as a vicious circle as the mortgage maelstrom continues.

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Ryanair sacks chief pilot over sexual misconduct claims

The pilot allegedly remarked on female colleagues' bodies and altered rosters to fly with cadets.

from BBC News - Business https://ift.tt/ryu3qoD

Odey to be broken up after sexual harassment claims against its founder

The hedge fund will be dismantled after allegations emerged about its founder Crispin Odey.

from BBC News - Business https://ift.tt/uWQE4Jk

Energy saving to return to prevent winter blackouts

National Grid says that the Russia-Ukraine war poses a risk to future energy supplies.

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Wednesday, June 14, 2023

Elon Musk: Twitter sued by music publishers in copyright case

A group representing 17 publishers in the US is seeking more than $250m in damages.

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US holds interest rates steady in first since 2022

The bank has already raised rates 10 times since March 2022 as it fights inflation.

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Beyonce blamed for inflation surprise in Sweden

The frenzy stoked by the start of the singer's world tour is seen driving up prices in Sweden.

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Vodafone to join with Three to create UK mobile giant

The deal is yet to be approved by regulators, which will look at whether it will rise customer prices.

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Tuesday, June 13, 2023

Amazon server outage makes some websites go dark

The outage is being resolved and affected web services for some fast food apps, airlines and others.

from BBC News - Business https://ift.tt/0M8sPrB

Microsoft-Activision: $69bn deal temporarily blocked in US

The deal to buy the Call of Duty publisher would be the largest in the history of the video games industry.

from BBC News - Business https://ift.tt/WTn6xOp

Can Amsterdam make the circular economy work?

Amsterdam has ambitious plans to radically cut the amount of resources used by the city's economy.

from BBC News - Business https://ift.tt/o8bYtwx

US inflation rate continues to fall

Falling prices for eggs, used cars and furniture helped to cut inflation in May.

from BBC News - Business https://ift.tt/Y4OrNXK

Sainsbury's and Asda told not to block rival stores

The supermarkets are accused of stopping rivals opening nearby, potentially reducing consumer choice.

from BBC News - Business https://ift.tt/j4irxqd

Mortgages: New squeeze on landlords will hit renters too

High mortgage costs mean landlords face a "turning point", a firm warns, leading to fewer homes to rent.

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

Jack Dorsey: India threatened to shut Twitter and raid employees

Former Twitter CEO Jack Dorsey's allegations have been denied by the Indian government.

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

Monday, June 12, 2023

Amazon using AI to boost fight against fake reviews

The tech giant is developing new tools to help track down the brokers buying and selling reviews.

from BBC News - Business https://ift.tt/nI2Y6Vz

Tuffnells: Parcel firm goes bust with loss of more than 2,000 jobs

Administrators for Tuffnells say rising costs, the pandemic and competition have caused problems.

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

MOVEit hack: Ofcom data downloaded in cyber-attack

The regulator says information about firms and employees has been affected by a cyber-attack.

from BBC News - Business https://ift.tt/wSj3XkL

Reddit communities go dark in protest at changes

Thousands of subreddits are shut down for 48 hours following controversial charging plans.

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Warning UK mortgage rates set to rise further

It comes as 1.5 million people are set to come off fixed-rate mortgage deals this year.

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Sunday, June 11, 2023

George Soros hands reins of $25bn empire to son Alex

The American financier, targeted by right-wing conspiracists, is passing control of foundations to his son.

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Why second-hand fashion is back in style

"Pre-loved" clothing is big business and it is not just about saving money and the planet.

from BBC News - Business https://ift.tt/21sWIwR

Danone boss calls for higher taxes on unhealthy food

Danone's UK president wants the government to use tax incentives to promote healthier products.

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Saturday, June 10, 2023

Five reasons why mortgages are getting us down

Rising mortgage rates are causing a headache for homeowners and buyers, so what is behind the maelstrom?

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Crispin Odey: City boss quits firm after sexual misconduct claims

Crispin Odey, a prominent hedge fund boss, strenuously denies the allegations.

from BBC News - Business https://ift.tt/IPJgtX1

Friday, June 9, 2023

Reddit blackout: Subreddits to go private on Monday

More than 1,000 subreddits will be inaccessible for 48 hours to protest changes.

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Meta plans for Twitter rival shown to staff

A text-based version of Instagram could potentially let users carry across followers from other apps.

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

Thursday, June 8, 2023

Rishi Sunak and Joe Biden announce green funding agreement

The new Atlantic Declaration between the UK and US "sets a new standard for economic cooperation", Rishi Sunak says.

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HSBC withdraws mortgage deals for new borrowers

The bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.

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Odey Asset Management City probed as sexual harassment claims emerge

News of the investigation comes as found Mr Odey is accused of sexually harassing or assaulting 13 women.

from BBC News - Business https://ift.tt/h18zT4V

GMB union accuses Amazon UK of 'dirty tricks' in recognition battle

Union withdraws its bid for recognition at Amazon's Coventry warehouse but vows to fight on.

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Eurozone in recession as rising prices hit spending

Revised data shows the eurozone's economy contracted at the end of last year and the start of 2023.

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

Rising rates to hit housing demand, builder says

Housebuilder Crest Nicholson warns of a further slowdown as it reports lower sales and profits.

from BBC News - Business https://ift.tt/gseIo28

Banks accused of 'measly' interest rates on savings

MPs criticise banks as instant access savings rates sit well below the Bank of England base rate.

from BBC News - Business https://ift.tt/J4eKGlI

Wednesday, June 7, 2023

Sir Ivan Menezes: Boss of Guinness maker Diageo dies at 63

India-born Sir Ivan Menezes was the chief executive of Diageo, the world's biggest spirits company.

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More pain for renters as landlords look to sell up

Rising borrowing costs and plans for stricter rules are affecting the rental sector, surveyors say.

from BBC News - Business https://ift.tt/7vAaSKI

Marks & Spencer scraps milk use-by dates to cut waste

Supermarket becomes the latest to remove the dates, urging customers to use their judgement instead.

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

Telegraph Media Group set to be put up for sale

Lloyds is looking to recover debts owed by the network of companies controlled by the Barclay family.

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CNN chief out after just 13 months

Chris Licht had been criticised for CNN's handling of a recent town hall interview with Donald Trump.

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Heathrow security officers announce summer strikes

Around 2,000 security officers will walk out for 31 days in June and August.

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Tuesday, June 6, 2023

Shell adverts banned over misleading clean energy claims

The Advertising Standards Authority ruled that the adverts failed to mention Shell's more polluting activities.

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Sainsbury's chief executive total pay rises to £5m

Simon Roberts earned a bonus and share awards despite a drop in profits at the supermarket chain.

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CBI: Business group giant wins key vote over its future

Members have backed the lobbying giant but it is not clear if the government will renew engagement.

from BBC News - Business https://ift.tt/AZ37DGw

'Ducking hell' to disappear from Apple autocorrect

One of the most common swear words will no longer be automatically changed when you type out a message.

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PGA Tour and LIV Golf agree merger to end split in golf

The PGA Tour and DP World Tour agree to merge with Saudi Arabian-backed circuit LIV Golf in a deal that ends the acrimonious split in the game.

from BBC News - Business https://ift.tt/ahy5eqM

US sues Coinbase as crypto crackdown widens

The Securities and Exchange Commission says the company has not followed financial rules.

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

MoveIt hack: What action can data-breach victims take?

Experts give advice to the more than 100,000 warned their personal data is in the hands of cyber-criminals.

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

Monday, June 5, 2023

Singapore to hold final horse race after more than 180 years

The Southeast Asian island nation's only race course will hold its final meeting next year.

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

Immigration can help keep down UK inflation, says IMF deputy

With inflation as high as it is, "there are benefits to having workers come in", the institute says.

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

CBI faces crunch vote in battle for survival

The business lobby group is seeking a vote of confidence from members after a series of scandals.

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

Jason Derulo: My 'most unsexy' business investment in a car wash

The Savage Love singer says when wants to invest he looks for firms in sectors he understands.

from BBC News - Business https://ift.tt/0J5WnNP

Apple expected to launch mixed-reality headset at WWDC

The "Reality Pro" headset release is among announcements expected at Apple's Worldwide Developers Conference.

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

Lidl next to vac pack mince after Sainsbury's 'mush' complaints

Lidl is following an eco-friendly move that some Sainsbury's shoppers complained turned the meat to mush.

from BBC News - Business https://ift.tt/57IyXRL

Mortgages: Average two-year fixed-rate mortgage deal £35 a month more

Mortgage rates have risen since recent figures showed inflation not coming down as quickly as expected.

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

Sunday, June 4, 2023

Could ultra-processed foods be harmful for us?

Panorama investigates the links between UK's food safety advisors and the ultra-processed food industry.

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

Universal basic income: Plans drawn up for £1,600 a month trial in England

Thirty people would get a monthly lump sum for two years, under a think tank's scheme in England.

from BBC News - Business https://ift.tt/wFvh0MH

Elon Musk: Twitter snaps up top NBCUniversal executive

It comes just weeks after NBCUniversal's head of advertising Linda Yaccarino was named as Twitter's CEO.

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

New business group to rival CBI ahead of crunch vote

The Business Council, set up by the Chambers of Commerce, has Heathrow, BP and Drax among its members.

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

Money: £9bn in old UK banknotes and coins not cashed in

Paper £50 and £20 notes have been unusable since October, but can still be exchanged.

from BBC News - Business https://ift.tt/wDaWbV7

Vote on CBI's reforms nerve-wracking, says new boss

Rain Newton Smith says she believes the CBI should survive ahead of vote of confidence at the group.

from BBC News - Business https://ift.tt/oXz6LKO

Saturday, June 3, 2023

'Mortgage costs right now are terrifying'

With rates rising and mortgages disappearing from the market, buyers reveal their struggles to get a deal.

from BBC News - Business https://ift.tt/CdA7hwV

Train strikes hit FA Cup final and Beyoncé concert

Drivers walk out over pay and conditions in the third rail strike this week.

from BBC News - Business https://ift.tt/FdfM56p

Friday, June 2, 2023

Diesel falls 12p but should be lower, says RAC

The price of diesel fell to £1.47 in May but the RAC argues the price should be cut further.

from BBC News - Business https://ift.tt/wgHL9ND

Offer made to civil servants in bid to end strikes

Unions say the government has offered staff below senior grades a lump sum of £1,500.

from BBC News - Business https://ift.tt/ZRoxSm7

Train strikes: How Saturday's walkout will affect you

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

from BBC News - Business https://ift.tt/81uMFeb

Train strikes prompt sports fans to set off by bus

Fans making their way to the FA Cup final and the Epsom Derby start their alternative routes

from BBC News - Business https://ift.tt/Z6fr7bR

US adds 339,000 jobs in May defying slowdown fears

Job creation in the US was far stronger than expected as the central bank fights inflation.

from BBC News - Business https://ift.tt/6G4OHDE

Thursday, June 1, 2023

UK inflation: Food prices causing problems for farmers

Tessa Elliot, a farmer from Pembrokeshire, says inflation has made it difficult to keep afloat.

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

The tech tricks that make computer games look real

Computer games are becoming indistinguishable from photos or videos of the real world.

from BBC News - Business https://ift.tt/ksg7wFJ

Scandal-hit CBI to cut jobs as it fights for survival

The business group, which employs about 337 people, says it needs to cut its wage bill by a third.

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

Train strikes: How rail walkouts on Friday will affect you

What you need to know about the walkout by RMT train staff by the BBC's Zoe Conway.

from BBC News - Business https://ift.tt/PqYKnA6

The 'exploding' demand for giant heat pumps

Whole towns in Europe are being heated by huge, energy efficient heat pumps.

from BBC News - Business https://ift.tt/KST3emD

London still works for stock market listings, says We Soda boss

We Soda could be valued at £6bn when it floats in the UK, in a boost for the London stock market.

from BBC News - Business https://ift.tt/N83wrms

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

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