Tuesday, October 31, 2023

CEO Secrets: ‘Pumpkins saved my business but almost squashed me’

Kim Innes founded Humble Crumble, a crumble bakery that’s sold more than half a million sweet treats.

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Sam Bankman-Fried pressed in court over past comments

As inconsistencies were put to him, the former crypto boss often told the court "I don't recall" .

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Carlsberg cuts ties with 'stolen' Russian business

The Danish brewer says it refused to enter into negotiations after its Russian business was seized.

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Plans to close rail ticket offices in England scrapped

The government tells train firms to scrap the controversial closure plans, sparking anger from rail bosses.

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Monday, October 30, 2023

Big banks accused of doing little for savers

Returns have improved, but a group of MPs says big banks are doing "as little as they can" for savers.

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Facebook and Instagram launch ad-free subscription tier in EU

The platforms' owner Meta said its new subscription was about addressing EU concerns, rather than making money.

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US announces 'strongest global action yet' on AI safety

The measures have been issued less than 48 hours before the UK hosts an AI safety summit.

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Crewe: What will happen now HS2 is cancelled?

Millions were spent on preparing Crewe for the arrival of HS2 so what will happen to the town now?

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Sunday, October 29, 2023

Fewer trains to run from London to Manchester

Avanti is to run a reduced service between London to Manchester on Saturdays until the end of the year.

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Sale of NHS data up to government, says tech boss

The head of Palantir, which is in the running for an NHS contract, says it would not have access to data.

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Can Rishi Sunak’s big summit save us from AI nightmare?

The BBC's tech editor, Zoe Kleinman, looks ahead to next week's AI Safety Summit, hosted by the UK.

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UAW strike: Stellantis and union agree pay rise in tentative deal

Stellantis becomes the second US car giant to strike a tentative deal with the United Auto Workers union.

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Friday, October 27, 2023

Hoodrich: 'We went from the streets to the stores'

Jay Williams, founder of streetwear brand Hoodrich, talks about his business journey.

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Short selling: Don’t be the 'Dumb Money'

Short selling can be risky, but more and more amateur investors are taking it up.

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Shared appreciation mortgages: The 1990s deals that became a nightmare

Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.

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Russia hikes interest rates to 15% as inflation soars

The Bank of Russia raises rates more than expected to try to lower inflation and boost the rouble.

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Thursday, October 26, 2023

Rishi Sunak says AI has threats and risks - but outlines its potential

Rishi Sunak warns AI could help terrorists spread fear but urges the public not to lose sleep.

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Regulator reveals water firms with worst finances

Thames Water is among a group of firms being closely monitored due to issues with their finances.

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Eurovision Song Contest gave Liverpool £55m 'shot in the arm', mayor says

More than 300,000 people attended song contest-related events in the city in May, the council says.

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Wednesday, October 25, 2023

Watchdog: Ex-NatWest boss breached Nigel Farage's privacy

Former Natwest boss Alison Rose should not have shared information on Nigel Farage, watchdog says.

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Carnival cruise firm pays thousands over Covid 'negligence'

An Australian judge orders Carnival to pay medical bills of passenger who caught Covid on board one of its ships.

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FTX: 'King of Crypto' to testify in fraud case

Former crypto boss Sam Bankman-Fried has decided to speak in his own defence, his legal team says.

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Spider-Man 2 fastest-selling game made by PlayStation

The PlayStation 5 exclusive sold more than 2.5 million copies in its first 24 hours.

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Tuesday, October 24, 2023

Instagram sued over harm to young people's mental health

Meta, the parent company of Instagram and Facebook, is facing legal action from dozens of US states.

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Car workers strike costing GM $200m a week

General Motors details the hit it is taking from the strike, while the UAW union expands its action.

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Next Mission: Impossible film delayed by a year by US actors' strike

The eighth movie in the hit Tom Cruise franchise won't now be released until May 2025.

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Monday, October 23, 2023

Shared appreciation mortgages: The 1990s deals that became a nightmare

Families say shared appreciation mortgages taken out in the 1990s are now causing serious hardship.

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Labour more ambitious for Tata Steel - Sir Keir Starmer

UK Labour leader says he wants to preserve jobs, amid looming cuts to Port Talbot steelworks.

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Plans to close ticket offices go too far, too fast, say MPs

The plans risk excluding some passengers from the railway, warns a committee of MPs.

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Tsingtao: Video shows Chinese beer worker urinating into tank

Tsingtao has alerted Chinese police after a video shows a worker urinating into a tank.

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Sunday, October 22, 2023

Tax cuts will be considered if inflation falls, cabinet minister says

Robert Jenrick says PM Rishi Sunak has the "right priorities" despite his party's by-election losses.

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Does the paper industry need to cut its water usage?

Firms in the sector are using new technologies to reduce the amount of water they require.

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Foxconn: iPhone-maker investigated by Chinese authorities

Chinese state media reports some of the Taiwan-based firm's mainland operations are being investigated.

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Autumn statement: Government considers help for first-time buyers

The Treasury is understood to be considering extending a low deposit mortgage scheme for a year.

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Saturday, October 21, 2023

'My business had £1.6m stolen in 20 minutes'

An employee at Steve Wright's firm was tricked into giving thieves access to the company account.

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Friday, October 20, 2023

Moody's boosts view of UK after mini-Budget chaos

Ratings agency says "predictability has been restored" following last year's mini-Budget.

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Thursday, October 19, 2023

Amazon, Expedia and Trustpilot unite to fight fake reviews

Major online firms will work together to fight fake reviews and share best practice.

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TransPennine Express announces service cuts to boost punctuality

The train firm's boss says the temporary reduction will help "fix the business in the long term".

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Nestle baby milk factory to close as China demand drops

The closure of the plant in Askeaton, County Limerick, will mean more than 500 job losses.

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Wednesday, October 18, 2023

Energy firms ordered to contact struggling customers

The boss of the energy regulator says suppliers must do more to prioritise vulnerable customers.

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Sky Bet tweet featuring Gary Neville banned over gambling ad rules

The advertising authority in the UK says the retired footballer has "strong appeal" for under-18s.

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Is the UK doing enough to monitor air pollution?

There are now 555 air quality monitors across the country, but some say they aren't good enough.

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Tuesday, October 17, 2023

Vodafone and Three deny merger will push up prices

Unions say consumers will lose out if the deal to create the UK's biggest mobile network goes ahead.

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Google boss: AI too important not to get right

Artificial intelligence has the potential for "huge breakthroughs" across industries, Matt Brittin says.

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Apple boss Tim Cook makes surprise China visit

Tim Cook's trip to the city of Chengdu comes as iPhone sales in the country flag.

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Gambling levy could raise £100m for NHS treatment

The UK government is proposing gambling companies contribute 1% a year of what they make.

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Monday, October 16, 2023

LinkedIn: Microsoft says 668 more jobs to go

The company, which is owned my Microsoft, is cutting about 3% of its workforce.

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Minecraft becomes first video game to hit 300m sales

The Lego-like block-building game cements its position as the best-selling video game of all time.

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Sacked banker loses case over two-sandwich lunch claim

Szabolcs Fekete claimed two coffees, two sandwiches and two pasta dishes were consumed solely by him.

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Ten former Tuffnells depots reopen after rescue deal

A total of 12 former Tuffnells delivery depots are back up and running.

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Sunday, October 15, 2023

Australia fines X for failing to crack down on child abuse content

It comes as X's owner Elon Musk had earlier called child safety his number one priority.

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Charities 'concerned' over lack of progress with Renters Reform Bill

Thirty charities have warned Rishi Sunak not to abandon the bill banning no-fault evictions.

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TikTok says action taken on Israel conflict videos

The social media firm lists what it is doing to tackle misinformation after a warning by the EU.

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Electric cars drive UK MG sales to more than £1bn

The car maker, owned by a Chinese state-controlled company, says it is in a "very strong position".

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Manchester United: Qatar's Sheikh Jassim withdraws from process to buy club

Qatari banker Sheikh Jassim bin Hamad Al Thani withdraws from the process to buy Manchester United.

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Saturday, October 14, 2023

What does TikTok's EGX sponsorship mean for the games industry?

The app's hoping to take on Twitch and YouTube to become the main stop for online video games content.

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Friday, October 13, 2023

Microsoft Activision: What does deal mean for gamers?

Call of Duty might be an Xbox exclusive one day, but not for at least 15 years.

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Bank boss warns world facing 'most dangerous time in decades'

Jamie Dimon says conflicts in Ukraine and Israel may hit energy and food markets, and global trade.

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Next confirms takeover of Fatface in £115m deal

The retailer has added the clothing chain to the growing list of High Street names it has bought.

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UK probes using frozen Russian assets for Ukraine defence

Chancellor Jeremy Hunt says "we need to do everything we can" to disrupt Russia's ability to fund the war.

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Thursday, October 12, 2023

EU opens investigation into X over alleged disinformation

X, formerly Twitter, is being investigated over the possible spread of terrorist and violent content.

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King Charles III new coin designs revealed

The entire set of circulating coins have been given a makeover to mark the new monarch and the natural world.

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X claims it is erasing 'illegal' Hamas content after EU ultimatum

The EU gave the former Twitter 24 hours to respond to an order to clean up "disinformation".

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US inflation: Higher fuel costs keep driving consumer prices

Consumer prices rose 3.7% over the 12 months to September, the Labor Department says.

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Wednesday, October 11, 2023

UAW auto strike: 8,700 Ford workers in Kentucky down tools

The move is a sharp escalation of the union's ongoing strike against Ford, General Motors and Stellantis.

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Schools and NHS caterers ‘must stop’ antibiotic overuse

Health and animal welfare campaigners say the overuse of antibiotics by UK farmers should be banned.

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World Bank criticises UK for cutting aid to poorest

The World Bank says cuts to foreign aid are being felt at a time of higher poverty levels.

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Higher rates punish low paid, says Bank's Swati Dhingra

Member of the Monetary Policy Committee thinks higher rates hurt the low paid and young

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Nearly half a billion small tech items thrown away

Electrical items such as vapes, fans, cables and USB sticks can all be recycled

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Jewish parents told to delete social media apps

Some schools have suggested parents delete apps such as TikTok and Instagram due to the violent content circulating.

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Next set to buy rival brand Fat Face in latest High Street buy

High Street chain Next is understood to be close to buying rival fashion chain Fat Face.

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Tuesday, October 10, 2023

Irish budget: €100bn wealth fund to be set up by mid-2030s

Ireland's finance minister says the fund will be set up using the corporation tax windfall.

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People struggle to leave Israel after more flights cut

BA, Virgin Atlantic and El Al are now the only airlines with direct flights from Israel to the UK.

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Warm weather delays early Christmas food sales

The unusually mild weather has led to fewer people buying Christmas puddings and seasonal biscuits.

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Technology festival's sock that detect Alzheimer's signs

The socks, which can detect the early signs of the condition, are among innovations on show in Bristol.

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IMF says UK faces five more years of high interest rates

The UK is expected to have the highest inflation of the US, France, Germany, Canada, Italy and Japan

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Metro Bank has a limited future, claims co-founder

Anthony Thomson says the bank's strategy of continuing to focus on High Street branches is "flawed".

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Monday, October 9, 2023

'I pawned my wedding rings for £200 to pay my bills'

The use of pawnbrokers went up by 25% in a year during the cost of living crisis, figures suggest.

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California requires companies to report carbon emissions

Big companies like Apple will have to state how much climate-warming carbon they put in the air.

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The hunt for a new way to tackle clothing waste

Scientists in the US are trying to find enzymes or bacteria that will decompose manmade fibres.

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Nobel economics prize awarded to Claudia Goldin for work on gender pay gap

American Claudia Goldin is only the third woman to receive the prestigious economics prize.

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My landlord wanted to put the rent up 35% despite cap

Catherine Sheldon says she is now having to leave the property, with nowhere else to go that she can afford.

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Sunday, October 8, 2023

Oil prices rally on fear of Middle East supply disruptions

West Texas Intermediate and Brent crude prices jumped by 4% in Asian trading.

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Metro Bank strikes deal to shore up balance sheet

A £325m cash injection, as well as refinancing £600m of debt, will enable it to keep expanding, it says.

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Labour's Rachel Reeves to set out plan to recover Covid fraud billions

An anti-corruption commissioner would target £7.2bn lost to fraud, the shadow chancellor will say.

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Nevada lithium mine leads to 'green colonialism' accusations

The rush to mine lithium for car batteries is dividing environmental and native American communities.

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Saturday, October 7, 2023

Wilko: End of a fabulous ride for shop that sold it all

Workers and shoppers tell us what they'll miss about the brand as the final stores close.

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Friday, October 6, 2023

Energy firms holding £8.1bn of customers' money

A father-of-three reveals that it took six weeks to have £800 refunded by his energy supplier.

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Car workers strike not expanded as concession made

The United Auto Workers union will continue action but says it is making progress with firms.

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Taxpayers to pay £40bn due to threshold freeze, think tank says

New analysis suggests the Treasury will now net £40bn in income tax due to inflation.

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HS2: What has been built so far?

A visual guide to the progress made on one of the most expensive rail projects in the world.

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US jobs growth much faster than expected

The number of jobs added to the US economy last month was almost double the amount forecast.

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What's going on at Metro Bank?

Bosses say there are no concerns about its finances after reports it was looking to raise millions.

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Thursday, October 5, 2023

How Ghana's central bank lost $5bn in one year

The country's economic crisis has sparked protests and led to calls for the bank's boss to resign.

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Taylor Swift tour film tops $100m in advance ticket sales

The film of the Eras tour is due to be released in cinemas in more than 100 countries next Friday.

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HS2: Government 'misleading' people over Leamside line reopening

References to the restoration of a mothballed line are dropped 24 hours after its announcement.

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Prada to design Nasa's new moon suit

Art meets science as Prada designers help create the spacesuits for the 2025 moon mission.

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HS2 will not go to Euston without private funds

The government has scaled back plans for Euston station and is hoping for private investment.

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South East water firms have highest complaint rates - report

Southern Water is the most complained about provider in the country, with Thames Water second.

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Wednesday, October 4, 2023

Amazon and Microsoft to face cloud computing competition probe

Media regulator Ofcom asks the competition watchdog to study the tech giants' cloud computing dominance.

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Right to own a car in Singapore can cost £87,000

The city-state introduced a 10-year certificate of entitlement system in 1990 as an anti-congestion measure.

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Renting: Average home now has 25 tenants wanting to view

When a property goes up for rent there are typically 25 people competing for a viewing, Rightmove says.

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Sam Bankman-Fried's FTX crypto fraud trial opens in NY

The former crypto billionaire is accused of "one of the biggest financial frauds in US history".

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HS2: Why Rishi Sunak's big gamble may not pay off

Rishi Sunak is taking an economic risk by spending money on everyday transport upgrades instead of a grand project.

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MrBeast and BBC stars used in deepfake scam videos

Fraudsters have manipulated images of the popular YouTuber and two journalists to dupe viewers.

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Tuesday, October 3, 2023

Cost of national debt hits 20-year high

The interest rate on government debt has hit a 20-year high, leaving little room for tax-cuts.

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Sam Bankman-Fried: Trial of 'Crypto King' begins

The former crypto billionaire is accused of "one of the biggest financial frauds in US history".

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Abercrombie & Fitch launches investigation into ex-CEO sexual misconduct claims

It comes after a BBC investigation reported allegations that Mike Jeffries exploited men for sex at events he hosted.

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TikTok testing out advert-free monthly subscription

The video sharing site is looking into charging a fee of around $4.99 to get rid of ads.

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Easy life: Band says easyJet owner suing over name

Easy life says it is "certain" it has never affected the easyGroup's business.

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Monday, October 2, 2023

Evergrande: Shares in crisis-hit property giant jump in market return

The embattled Chinese property giant's shares were suspended from trading on Thursday.

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House buyers look to adapt to higher mortgage rates

House prices fall but some young buyers are considering smaller homes and longer-term loans, surveys suggest.

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John Lewis boss Dame Sharon White to step down after five years

Dame Sharon White will leave at the end of her term, make her the shortest-serving chair in the retailer's history.

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China Belt and Road: Indonesia opens Whoosh high-speed railway

The project under Belt and Road links the capital Jakarta with the economic hub of Bandung.

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Sunday, October 1, 2023

Jeremy Hunt to confirm national living wage to rise to £11 an hour

The move will affect two million of the lowest-paid workers, the chancellor will tell the Tory conference.

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Golden Week: Budget travel takes off in China

A sluggish economy forces young Chinese to travel cheaply for this year's holiday.

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Aukus: UK defence giant BAE Systems wins £3.95bn submarine contract

The deal will provide decades of work at BAE Systems' shipyard in Barrow-in-Furness, Cumbria.

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Rishi Sunak refuses to commit to pre-election tax cuts

The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.

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HS2: Rishi Sunak refuses to commit to Manchester link

The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.

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Iceland boss quits Tories labelling party 'out of touch'

Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.

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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://...