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Showing posts from August, 2023

House prices see biggest yearly decline since 2009

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Nationwide says higher borrowing costs have led to a slowdown in activity in the housing market.

Ukraine war: UK defence giant BAE Systems sets up local base

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The firm says the move may allow it ultimately to produce light artillery inside Ukraine.

India's Adani Group stung by fresh controversy

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A new report has alleged that the conglomerate used "opaque" funds in Mauritius to manipulate stock prices.

UBS to cut 3,000 jobs after Credit Suisse takeover

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The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.

Is China's economy a 'ticking time bomb'?

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The world's second largest economy faces deep-rooted challenges in the years ahead.

Pret a Manger fined over London worker stuck in freezer

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The woman, who was wearing only jeans and a T-shirt, was stuck for two and a half hours.

Country Garden: Debt crisis-hit China property giant in record loss

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Country Garden reported a record $6.7bn loss for the first six months of the year.

How long until a robot is doing your chores?

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Advances in AI are accelerating the development of humanoid robots.

Families worry over cancelled flight expense costs

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Passengers are having to fork out for food, travel and accommodation, but are worried about costs.

Brexit: EU-derived equal pay protections to be brought back

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Women will keep the right to the same pay as men doing similar jobs in what Labour says is a government U-turn.

We can avoid flight chaos in future, says air traffic boss

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A data glitch that led to serious disruption has been found and fixed, says the head of Nats.

Thousands lose benefits after tax credits overpaid

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Households on universal credit lose £5,000 or more as authorities claw back historic overpayments.

Burger King faces lawsuit claiming Whopper too small

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The fast food giant is accused of making the burger appear larger on menus than it actually is.

Netflix: Streamers expansion into gaming is 'natural extension'

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Streaming hits such as the Queen's Gambit are being adapted as games as the streamer looks to expand.

Air traffic control: UK flight chaos to continue for days after fault

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Delays and cancellations continue after a nightmare Bank Holiday Monday for thousands of holidaymakers.

Price rises in shops at lowest for nearly a year

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The retail trade body, British Retail Consortium, says price rises are slowing but remain high.

Toyota halts all Japan assembly plants due to glitch

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The world's largest car maker is investigating a system fault but says a cyber attack is unlikely.

Ulez expanded to include whole of outer London

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Drivers must pay a £12.50 charge per day for driving a non-compliant vehicle in the zone

Chevron: Workers at major Australia gas plants to strike

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The Chevron plants account for over 5% of the world's liquefied natural gas production.

Why empty lorries are a problem and how to fix it

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With one third of lorries in the UK driving empty, some hauliers are turning to technology for help.

OnlyFans owner gets $338m payout

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The platform says it now hosts more than three million creators, serving almost 240 million users.

Energy price cap to fall but bills will stay high

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A new cap on the price of each unit of energy will be announced later by regulator Ofgem.

Train strikes to hit major events like Reading and Leeds festivals

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Visitors to the Reading and Leeds festivals and Notting Hill Carnival face disruption as rail workers walk out.

US government sues Elon Musk's SpaceX over hiring policy

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The US Department of Justice says rocket firm discriminated against refugees and asylum seekers.

Mary Earps: Nike will sell 'limited quantities' of England World Cup goalkeeper shirts

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England fans will be able to buy Mary Earps replica goalkeeper shirts after Nike say "limited quantities" would go on sale.

Subway agrees sale to Dunkin' and Baskin-Robbins owner Roark Capital

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The sandwich maker has been bought by Roark Capital, ending six decades of family ownership.

Gatwick Airport: Bank holiday strike threat off after pay deal agreed

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The Unite union calls off industrial action by ground handlers after securing improved pay deals.

Gas prices fall as fears over Australian strike recede

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A strike at a major Australian gas plant had threatened to disrupt global supplies.

Paddington Bear stamps released by Royal Mail for 65th anniversary

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The Peruvian bear was first seen in 1958 after featuring in the book A Bear Called Paddington.

Nvidia: artificial intelligence chip giant sees sales more than double

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The California-based company dominates the market for chips used in artificial intelligence systems.

Rising numbers seek help for energy bill debts, warns Citizens Advice

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Citizens Advice says it has seen a 17% rise the number of people asking for help with gas and electricity bills.

NatWest: Former boss set for £2.4m pay package after Farage scandal

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It comes a month after Dame Alison Rose quit the bank over the closure of Nigel Farage's account.

Bank fined £5.4m after energy traders used WhatsApp

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Morgan Stanley is punished by the energy regulator in the first fine under transparency rules.

Housing more affordable than a year ago, the Halifax says

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The UK's biggest mortgage lender says high rates mean buying a home is still a stretch for many.

Boots infant formula adverts broke rules - watchdog

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Advertising watchdog found Boots promoted infant milk formula in adverts, which is prohibited.

Getir delivery firm cuts more than a tenth of workforce

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The Turkish rapid grocery delivery service cuts 2,500 jobs after facing a backlash in many European cities.

Stonehaven crash: Network Rail to face fatal derailment charges

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Three people died when a train hit a landslide after heavy rain near Stonehaven in 2020.

Microsoft makes new deal to buy Call of Duty giant

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Firm makes fresh offer to acquire Activision after the UK competition watchdog rejected its first bid.

Public borrowing below forecasts despite July rise

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Government borrowing rose to £4.3bn last month, but was lower than expectations.

Former Bank of England boss to head Bloomberg board

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The financial and media firm's product head Vlad Kliatchko was named as chief executive in the shakeup.

Gas prices rise on fears of strikes in Australia

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Benchmark gas prices for the EU and UK rose around 10% on Monday, according to Bloomberg.

Car breakdowns due to potholes soar in rainy July

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The AA saw call-outs jump with drivers reporting damage after wet weather hampered road repairs.

Morrisons' bras and pants carry NHS cancer check label

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Underwear labels urge people to contact their GP if they spot symptoms of breast or testicular cancer.

Pioneering wind-powered cargo ship sets sail

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Inventors hope maiden voyage will help usher in new era of greener shipping.

China cuts key interest rate as recovery falters

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The country's post-Covid recovery has been hit by a property crisis, falling exports and weak consumer spending.

Maiden Pharmaceuticals: Fury in The Gambia a year after cough syrup deaths

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Grieving parents say regulators in both India and The Gambia failed their young children.

Holiday firms urge PM to allow watchdog to fine airlines

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Travel companies would like to see extra powers given to the Civil Aviation Authority later this year.

Waitrose offers police free coffees to deter thieves

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Waitrose and John Lewis are offering free hot drinks under the "Thanks a Latte" initiative.

Crazy Rich Agents: ‘I sell houses to billionaires but live with mum and dad’

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Young luxury estate agents face pressure to succeed in BBC's Crazy Rich Agents.

WeWork: What went wrong for the much-hyped firm?

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The office space-sharing company has raised "substantial doubt" about its future.