Household energy price rise of 5% comes into force

A higher cap for the next three months adds £94 to the typical annual domestic energy bill.

from BBC News - Business https://ift.tt/SdK1Bm4

US Navy helicopters destroy Houthi boats in Red Sea after attempted hijack

The US military says it was responding to a second attack on the same vessel near Yemen in 24 hours.

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

Venice to ban large tourist groups and loudspeakers

The new rules will come into effect in June and are part of an effort to ease the impact of tourism.

from BBC News - Business https://ift.tt/VD6ZIlW

How will the UK economy compare to other countries in 2024?

After a tough 2023, will things improve for the UK and other economies in the new year?

from BBC News - Business https://ift.tt/rv6Vtp3

Eurostar services to resume after major disruption

Many passengers are still stranded in London and Paris after flooding cancelled all Eurostar trains.

from BBC News - Business https://ift.tt/TjVO1MW

Tim Martin: Wetherspoon boss knighted in New Year Honours

The pub chain founder and Brexit campaigner is recognised for services to hospitality and culture.

from BBC News - Business https://ift.tt/zja5cWZ

Argentina pulls out of plans to join Brics bloc

It had been due in a few days to join the grouping, seen as a counterweight to the Western-led world.

from BBC News - Business https://ift.tt/JgS0K9F

Boeing urges 737 Max inspections for possible loose bolt

The airplane maker is urging airlines to inspect rudder control systems on the planes.

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

Google settles $5bn lawsuit for 'private mode' tracking

Large technology firms have faced increased scrutiny of their practices in the US and beyond.

from BBC News - Business https://ift.tt/ecA0ib1

Post Office cash withdrawals reach record high before Christmas

More than £62m was withdrawn on the Friday before Christmas according to the Post Office.

from BBC News - Business https://ift.tt/Wz59pra

Recycling electrical goods could be done at kerbside and drop-off points in shops

UK households could put old toasters and hairdryers on the kerbside for pick-up under the proposals.

from BBC News - Business https://ift.tt/iSVpA5f

Hapag-Lloyd says Red Sea route still 'too dangerous'

Several major shipping firms are still avoiding the route after attacks related to the Israel-Gaza war.

from BBC News - Business https://ift.tt/B4idrjW

Treasury says 2024 Budget to be held on 6 March

The speech could be the government's last opportunity to set out tax changes before the general election.

from BBC News - Business https://ift.tt/42gLumY

Wolfgang Schäuble: Merkel's no-nonsense finance minister dies aged 81

Although never chancellor, Wolfgang Schäuble was one of Germany's most influential politicians.

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

Apple seeks appeal after US allows smart watch import ban

Imports and sales of Apple's Series 9 and Ultra 2 watches in the US have halted over a patent dispute.

from BBC News - Business https://ift.tt/Lg2rbvq

Daihatsu pauses production over safety scandal

The Japanese carmaker admitted it had falsified safety tests for many of its vehicles.

from BBC News - Business https://ift.tt/j62X4OF

Maersk preparing to resume shipping through Red Sea

The announcement follows the deployment of an international military operation to prevent attacks on ships.

from BBC News - Business https://ift.tt/jfbSqm9

Tanker hit off India coast by drone from Iran, says US

Saturday's attack caused a fire on board the chemical tanker in the Indian Ocean, the US military says.

from BBC News - Business https://ift.tt/nD6bOdt

House prices to fall and rents to rise in 2024, forecasts suggest

While first-time buyers would welcome price falls, the other costs they face are likely to be higher.

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

Jim Ratcliffe: Who is the man buying Man Utd stake?

One of the UK's richest men, Sir Jim has built a multi-billion pound business by snapping up unloved assets.

from BBC News - Business https://ift.tt/XIvB4h8

High winds likely to add to Christmas Eve travel disruption

Weather warnings cover parts of the UK, with rail disruption expected from engineering works and staff shortages.

from BBC News - Business https://ift.tt/7HoM4pG

Hundreds turn out for pre-Christmas meat auction

The Smithfield Market's traditional event returned on Saturday for the first time since before the Covid pandemic.

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

UK travel: Millions take to roads and rail ahead of Christmas

The AA warns of "lengthy jams" on the roads, while many rail services are starting to wind down.

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

Tech Trends 2024: AI and electric vehicle deals

From an AI slowdown to humanoid robots doing real work - tech trends to watch out for in 2024.

from BBC News - Business https://ift.tt/gaz7l69

Airbus Atlantic: 700 staff sick after Christmas dinner

It is unclear what was on the menu for the festive feast turned nightmare before Christmas.

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

Rail fares in England to rise by up to 4.9% in March

The rise is below inflation but comes after a year of travel disruption for passengers.

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

Vet prices need to be made clearer, says Which?

The consumer body says it has found evidence of unclear fees and potential overtreatment by vets.

from BBC News - Business https://ift.tt/TGK2SBF

US Steel sale to Nippon must be probed on 'national security' grounds - Biden

Japanese steel giant Nippon this week announced plans to buy US Steel in a deal worth nearly $15bn.

from BBC News - Business https://ift.tt/ZEPlkR7

Eurostar trains suspended after 'last minute' strike

The last-minute action by workers on the cross Channel route is also affecting Eurotunnel passengers.

from BBC News - Business https://ift.tt/l1Rscea

UK to sign financial deal with Switzerland

The agreement will make it easier for British and Swiss finance firms to deal with each other.

from BBC News - Business https://ift.tt/EcsLNF6

Post Office victims compensation cut by half

The firms has now set aside £244m following over estimations on the number of people who might apply.

from BBC News - Business https://ift.tt/t8wpcml

Starbucks blames 'misrepresentation' after Israel Gaza protests

Facing global boycott calls, boss Laxman Narasimhan says: "I pray for peace - immediately'.

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

Public pay must reflect rises, ministers say

Government letters to pay review bodies say pay rises should be reflected when setting pay in 2024

from BBC News - Business https://ift.tt/bR1oL7X

Why is inflation higher in UK than other countries?

Despite recent falls, prices are still rising faster in Britain than other parts of the world.

from BBC News - Business https://ift.tt/U3MDnQ6

Energy bills predicted to fall in April to £1,660

Analysts at Cornwall Insight say lower wholesale energy prices will reduce bills by £268.

from BBC News - Business https://ift.tt/An1uWVG

Scottish Budget: Higher earners to pay more income tax

People earning more than £75,000 will pay more tax as part of efforts to plug a £1.5bn funding shortfall.

from BBC News - Business https://ift.tt/eSE3jKz

What do Red Sea assaults mean for global trade?

Supply chains face disruption due to vessels diverting away from the key shipping route.

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

Superdry profits hit after 'abnormally mild autumn'

The clothing retailer warns of "challenging conditions" which have driven down sales.

from BBC News - Business https://ift.tt/76O1Kgi

Europe and US extend trade truce over Trump tariffs

The Biden administration pauses levies on EU steel and aluminium until after the US election.

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

Southwest Airlines fined $140m for holiday meltdown

The penalty is the heftiest issued on an airline following the delays last winter for two million people.

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

London's transport to get £250m government investment in 2024

TfL's chief says the funding package will still leave the body with an overall funding shortfall.

from BBC News - Business https://ift.tt/iAo5kEP

EU takes action against Elon Musk's X over disinformation

The EU says it is launching "formal enforcement proceedings" against the social media platform.

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

Sellafield boss hits back at safety failure claims

Speaking to the BBC, the nuclear site's boss rejects hacking claims and accusations of safety failings.

from BBC News - Business https://ift.tt/SnMloq2

Nasdaq on the hunt for more UK firms to list in US

The US stock exchange wants to lure more companies from London to raise investor cash in New York instead.

from BBC News - Business https://ift.tt/5WaVJ7X

The secret sauce for Taiwan's chip superstardom

How an island that exported t-shirts and sugar turned into the world's largest silicon chip factory.

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

Network Rail manager for stranded passenger line quits

Passengers were stuck in cold and dark carriages for hours recently after overhead electric cables were damaged.

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

Homebuyers' stress over impact of CTS cyber-attack

Property completions were affected after the IT services provider was hit more than three weeks ago.

from BBC News - Business https://ift.tt/elOkS9X

Netflix: What the viewing figures actually tell us about viewing habits

The Night Agent and The Mother were among the streamer's biggest hits in the first half of 2023.

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

More big shipping firms stop Red Sea routes after attacks

MSC, the world's largest shipping group, becomes the fourth company to divert ships following attacks.

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

Shipping firm pauses Red Sea journeys over attacks

Maersk pauses journeys through Red Sea strait after multiple attacks on vessels by Houthi rebels.

from BBC News - Business https://ift.tt/K6UPnsr

Politics not behind Coutts account closures, says review

NatWest commissioned a review after admitting failings in handling Nigel Farage's account.

from BBC News - Business https://ift.tt/VBvuA59

Parcel firm Evri admits it has earned its poor reputation

The parcel delivery firm claims deliveries and customer communication has now improved.

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

Hinkley C nuclear reactor roof lifted into place

The 245-tonne steel dome is lifted into place at the nuclear power station in Somerset.

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

Threads: Meta's rival to Elon Musk's X launches in EU

The platform is released five months after it debuted in the UK, US and other parts of the world.

from BBC News - Business https://ift.tt/O8zHNiE

'A viral Facebook post nearly blew up our business'

Joanna Jensen, founder of skincare brand Childs Farm, shares advice for start-ups for our CEO Secrets series.

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

Mastercard and Visa face post-Brexit card fee cap

A watchdog says the firms have hiked card payment fees from the European Union too much since Brexit.

from BBC News - Business https://ift.tt/Pi7L1cf

Elon Musk's Tesla recalls two million cars over Autopilot defect

It follows investigation into crashes which occurred when firm's Autopilot system was in use

from BBC News - Business https://ift.tt/NCri50c

Martin Lewis: 'I have dark days mental health wise'

The "Money Saving Expert" says pressure of being a trusted voice on finance is "horrendous".

from BBC News - Business https://ift.tt/R1bo2kx

Baby formula prices: Soaring costs devastating family finances - survey

Two-thirds of new mothers have been forced into "tough choices" due to 25% price rise, a survey says.

from BBC News - Business https://ift.tt/xP8YSm4

Tata: Doubt over Port Talbot's ability to make new steel

The UK sector risks a "slow death" unless it stops making new steel, an industry boss claims.

from BBC News - Business https://ift.tt/k9hEQoZ

Thames Water says it can't pay back £190m loan

Thames Water boss tells MPs it doesn't have enough money to pay back a loan due in April next year.

from BBC News - Business https://ift.tt/Wmt3nQ6

E3: Once world's biggest gaming show permanently axed

The annual video game expo struggled to stay popular after gaming giants launched their own events.

from BBC News - Business https://ift.tt/fYV90bJ

Zara says it regrets Gaza images misunderstanding

The fashion company says it has now pulled all pictures from an advertising campaign about a jacket.

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

Smile Direct Club: Customer 'gutted' over £800 loss

Dentistry trade bodies express "great concern" for patients as Smile Direct Club ceases trading.

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

Oxfam workers suspend strike after revised pay offer

Charity shop workers call off four days of walkouts to consider deal, but warn strikes could resume.

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

Rowan Glen: Yoghurt factory revival hits 20 million pots a year

Why things are looking up at a rural site saved from permanent closure by a buyout last year.

from BBC News - Business https://ift.tt/HEsk7D1

Javier Milei: New president tells Argentina 'shock treatment' looms

The country's new far-right president vows to launch a radical economic programme as he is sworn in.

from BBC News - Business https://ift.tt/XJHh4jx

Smile Direct Club dentistry aligners firm shuts down

Best known for selling clear aligners remotely, it has shut down months after filing for bankruptcy.

from BBC News - Business https://ift.tt/lamFhG3

Gap between haves and have-nots widening, report warns

Report mentions stagnant wages and mental health issues, and says the gap widened in the pandemic.

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

How Shohei Ohtani became Japan's biggest baseball export

His impact in the US surpasses that of all Japanese stars before him - and he now has a record $700m contract.

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

Google admits AI viral video was edited to look better

Instead of the AI responding to voice and video, it was fed text prompts and still images.

from BBC News - Business https://ift.tt/JeMoAy8

Microsoft's links with OpenAI to be reviewed by competition watchdog

The Competition and Markets Authority will consider if ties between the two could be considered a merger.

from BBC News - Business https://ift.tt/K83P6lk

Edinburgh Reforms: City shake-up branded 'damp squib' by MPs

The Treasury Committee says much of what was promised by the chancellor has not materialised.

from BBC News - Business https://ift.tt/1MwZjh0

Anger as Nationwide orders workers back to office

Nationwide - which has its HQ in Swindon - tells staff to work in offices at least two days a week.

from BBC News - Business https://ift.tt/fnoM5ar

South East Water pays £2.3m dividend amid watchdog probe

Ofwat is investigating South East Water over service to customers and record in maintaining supply.

from BBC News - Business https://ift.tt/qL1WGFz

Lego Fortnite: Gaming giant launches Minecraft rival

The new co-operative survival game mode sees players crafting items with Lego bricks.

from BBC News - Business https://ift.tt/IN8CrK4

Jacob Rees-Mogg's investment management firm to close

The fund manager co-founded by the MP is winding down after reports it had lost its largest client.

from BBC News - Business https://ift.tt/aoCx3KM

Meta is child abuse 'breeding ground', lawsuit claims

Facebook and Instagram are rife with child abuse, the New Mexico attorney general alleges.

from BBC News - Business https://ift.tt/nOLs0IG

AOG Technics: UK fraud body makes arrest in aircraft parts probe

It has launched a criminal investigation into alleged fraud at aircraft parts supplier AOG Technics.

from BBC News - Business https://ift.tt/47fdrpw

Mortgage problems ease but many face ‘price shock’

The Bank of England says fewer households will struggle to keep up with mortgage payments than previously thought.

from BBC News - Business https://ift.tt/v0elu3I

EU to delay tariffs on UK electric cars until 2026

it comes after EU and UK carmakers said they were not ready for the change in post-Brexit trade rules.

from BBC News - Business https://ift.tt/ybvD5HO

Ladbrokes and Coral owner to pay £585m over bribery allegations

Entain, which owns Ladbrokes and Coral, will pay HMRC £585m, it was decided on Tuesday.

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

China's debt outlook downgraded as economy slows

The Moody's credit rating agency warns of "broad downside risks" as the country faces a need for stimulus.

from BBC News - Business https://ift.tt/X3v2zSJ

Fashion firm Quiz to launch review as sales slide

The fashion retailer cuts its revenue forecasts as cost-of-living pressures hit spending.

from BBC News - Business https://ift.tt/Cspf7WL

Irish chain Omniplex acquires under-threat British cinemas

Omniplex Cinema Group invests £22.5m into a UK expansion.

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

Salary threshold for migrant worker visa set to rise under legal migration curbs

The hike is expected as part of plans to curb legal migration, which has hit record levels.

from BBC News - Business https://ift.tt/9ESH4Je

Booking.com users angry at firm's response to hacks

Customers say they have been failed and feel let down after losing hundreds of pounds to fraudsters.

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

Spotify to axe 1,500 workers to save costs

The music-streaming company says it is making people redundant to "rightsize" the firm.

from BBC News - Business https://ift.tt/9BptOY7

Smart meters: Almost three million still not working

Customers face incorrect bills as 2.7 million smart meters fail to send automatic readings.

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

'Labour won't turn on spending taps' says Starmer

Sir Keir Starmer will say in a speech there will be "huge constraints" if Labour win power.

from BBC News - Business https://ift.tt/1JgZ8qR

Could X go bankrupt under Elon Musk?

Musk's profane attack on advertisers baffled experts - without adverts, how would X survive?

from BBC News - Business https://ift.tt/2tBLlPR

Bankruptcy 'opportunity' after student loan crisis

Changes in the US are enticing more people to file bankruptcy to clear their student loans.

from BBC News - Business https://ift.tt/4I0TDJj

Baby formula soaring costs: 'I struggle, but I won’t buy a cheaper brand'

Why struggling parents aren't choosing cheaper brands when it comes to infant formula milk.

from BBC News - Business https://ift.tt/HIKR1Le

Wilko: First new stores reopen in Devon

The branches are the first to be introduced nationally following the chain's collapse in August.

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

Sir James Dyson loses libel claim against Daily Mirror publisher

The inventor was suing the newspaper for libel over an article published in January 2022.

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

House prices edge higher as signs mortgage rates will fall

The Nationwide says there are "encouraging signs" that mortgage rates are starting to come down.

from BBC News - Business https://ift.tt/V4lXOB0