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Showing posts from June, 2023

Trainee pilots lose tens of thousands after flying schools collapse

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

Dutch to restrict chip equipment exports amid US pressure

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

Mortgage applications steady despite rate rises says Nationwide

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Applications remain steady, but the lender says higher rates could cause "significant drag" on the market.

Migrant fruit-pickers are skilled workers says ex-minister George Eustice

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The former environment secretary says the government is getting it wrong on immigration and skills.

Warning energy bills to stay high for foreseeable future

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The boss of the British Gas-owner Centrica forecasts that households will pay £2,000 a year.

Pokemon Go maker Niantic cuts a quarter of its workforce

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The US-based firm says it will also close its studio in Los Angeles and cancel two video game titles.

WH Smith wont open any more UK High Street stores

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Instead it will focus on travel retail and opening up in the US and Europe, its boss tells the BBC.

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

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

Customers withdraw record amount of savings in May

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

Mortgages rates: Fresh round of rises imposed by lenders

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Halifax, Nationwide and HSBC are among those increasing interest rates on new home loans.

UK lithium mining announced in Cornwall

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Two companies plan to supply the battery-grade product to the electric car industry within five years.

Thames Water has significant issues to address Ofwat says

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The regulator says Thames needs to improve its financial resilience, and it will keep the sector under scrutiny.

The women tackling the woeful diversity in plumbing

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

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

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

Package holidays in Greece Spain and Turkey soar in price

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All-inclusive deals for some parts of Spain and Greece are more than 20% more expensive this year.

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

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

ChatGPT owner OpenAI to open first foreign office in UK

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

BT investigated over major 999 call disruption

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

Government 'prepared for range of scenarios' amid Thames Water collapse fears

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Reports suggest the company is in talks over its future, with one option being temporary re-nationalisation.

The people making money from the pain of soaring prices

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The BBC gains exclusive access to illegal moneylenders who are charging interest rates of up to 50%.

Universal credit: Parents can claim more of their childcare costs

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Working families on universal credit can claim more of their childcare costs from Wednesday.

Meta: Facebook owner launches virtual reality subscription service

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It is the latest attempt by the parent company of Facebook to make its VR business profitable.

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

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

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

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

Follow EU regulation to keep costs low says Ford boss

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

Banks being slow to pass on savings rates - Hunt

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

HSBC to leave Canary Wharf tower for new world headquarters

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

Cineworld screens stay open despite administration

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

PwC Australia: Accounting giant splits business after tax leak scandal

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

Students switch to AI to learn languages

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

Britishvolt owner's offices raided by Australian tax police

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

Can we stop being tricked into subscriptions?

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

Heathrow security staff call off strikes

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

Sunny weather boosts clothing sales in May

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Retail sales rose 0.3% last month as shoppers bought summer clothes and goods, official figures show.

More than 20 councils replacing pay and display parking machines with apps

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Councils say app payments save money but charities warn people without a smartphone could be excluded.

Furby: Toy giant Hasbro brings back iconic robotic creature

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The announcement comes as the global toy industry faces a slowdown in demand.

Facebook and Instagram to restrict news access in Canada

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

Banks summoned on mortgages after interest rate shock

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

Elon Musk and Mark Zuckerberg agree to hold cage fight

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Earlier this month, Meta showed staff plans for a text-based social network designed to compete with Twitter.

Most university students working paid jobs survey shows

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There has been a big increase across the UK in the number of students earning money, research reveals.

Wirecard scandal: Singapore fines firms over breaches

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Separately, two former Wirecard employees were sentenced to jail in the city state earlier this week.

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

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

Interest rates set to rise for 13th time in a row

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Analysts expect the base rate to go up from 4.5% to 4.75%, to tackle rising prices.

Interest rates: How a rise affects you and your money

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

WH Smith M&S and Argos failed to pay minimum wage

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More than 200 firms face penalties and must repay workers after breaches hit 63,000 people.

Ukraine war: Push to rebuild economy starts with UK's $3bn

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The World Bank says many years of financial support are needed as London hosts a major conference.

Airbus experiments with more control for the autopilot

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

Is food inflation higher in Europe than in the UK?

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

Jeremy Hunt rules out government mortgage support

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The chancellor says introducing help for mortgage holders would fuel further inflation.

Post Office bosses told to repay mistaken bonuses

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