Posts

Showing posts from May, 2023

US-Taiwan relations: New trade deal to be signed amid China tensions

Image
Relations between Washington and Beijing have been increasingly tense in recent years.

BHP: Mining giant says it underpaid workers for 13 years

Image
Australia's BHP said the leave and allowance 'errors' will cost the company up to $280m.

Debt ceiling deal: US House overwhelmingly passes bill

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

Every Canadian cigarette will soon carry a health warning

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

ArrDee: Alcohol adverts featuring rapper banned by watchdog

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

Disruption as fresh wave of train strikes begins

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

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

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

Theranos CEO Elizabeth Holmes begins 11-year prison sentence

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

People urged to cash in unused energy bill support vouchers

Image
Households with prepayment meters need to claim full support for bills before the 30 June deadline.

AI 'godfather' Yoshua Bengio feels 'lost' over life's work

Image
Canadian computer scientist Yoshua Bengio tells the BBC he did not realise AI would develop so fast.

Nvidia hits $1tn valuation as investors buy AI buzz

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

Train strikes: How drivers' walkout on Wednesday will affect you

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

Asda buys petrol station group EG for £2.3bn

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

Foxconn: iPhone maker hikes pay ahead of new model launch

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

Amazon to offer parents term-time-only working

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

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

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

Capita hack: 90 organisations report data breaches to watchdog

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

FTX: Singapore state fund Temasek cuts pay after failed investment

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

Mars bar plastic wrapper swapped for paper

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

Food price cap won't make a difference - retailers

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

How prosperity fuels dowry demand in India

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

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

Image
Can new chief executive Linda Yaccarino fix Twitter?

Plans for supermarket price cap on basic food

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

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

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

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

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

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

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

Ovo Energy customers hit with 'horror' bills of up to £116k

Image
A number of customers claim their usage has been miscalculated by the energy giant.

Twitter engineering boss quits after DeSantis launch glitches

Image
Ron DeSantis' launch of his White House presidential campaign was hit by technical problems.

British Airways cancels 40 flights due to another IT issue

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

Firstsource: Job loss fears in Belfast and Londonderry

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

Germany falls into recession as inflation hits economy

Image
Rising prices have dampened demand from households and businesses in Europe's largest economy.

Starling Bank chief Anne Boden to step down amid record profit

Image
Anne Boden says nobody believed a "5ft-tall Welsh woman in her mid-50s" could achieve what she has.

Is the past year's spike in strike action here to stay?

Image
BBC economics editor Faisal Islam asks whether a historic surge in industrial action is likely to persist.

Container ship grounded in Suez Canal

Image
In March 2021, one of the largest container ships in the world blocked the canal for six days.

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

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

UK inflation rate eases but food prices stay high

Image
The cost of groceries continued to surge at close to a 45-year high, fuelled by vegetables.

Virgin Orbit: Branson's rocket firm permanently ceases operations

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

Target removes some LGBTQ products after threats

Image
The company says the move is to protect its employees amid "confrontational behaviour" in some stores.

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

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

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

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

Why car parks are the hottest space in solar power

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

Debt costs push UK borrowing higher than expected

Image
The government borrowed £25.6bn in April, with inflation pushing up interest payments on debt partly to blame.

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

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

WhatsApp to allow users to edit messages within 15 minutes

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

TikTok sues Montana to overturn first US state ban

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

Top economist calls for 'lenient' migration rules

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

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

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

Interest rate 'rigging' evidence 'covered up' by banks

Image
This evidence was not shown to juries where bankers were jailed for smaller-scale interest rate 'rigging'.

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

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

China bans major chip maker Micron from key infrastructure projects

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