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Showing posts from October, 2023

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

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

Portugal's tech boom challenged by tax change

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Portugal's government plans to remove a key tax benefit that has attracted thousands of tax workers.

Would you drink genetically modified beer?

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A growing number of US brewers are now using GM yeast to make their beers.

Higher interest rates help to more than double HSBC profits

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The banking giant also said it had taken a $500m hit related to China's crisis-hit property market.

Court gives Evergrande one last chance to agree debt deal

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A judge said the company faces being wound up if it does not come up with a plan by 4 December.

Petrol retailers should cut price by 5p a litre, RAC says

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The motoring body says major fuel retailers should reduce prices to reflect lower wholesale costs.

Leasehold law will be in King's Speech, says housing minister

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Rachel MacLean says the bill would restore "true homeownership" but Labour says it is "thin gruel".

Fewer trains to run from London to Manchester

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

Sale of NHS data up to government, says tech boss

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

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

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

China economic reformer Li Keqiang dies at 68

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Li Keqiang, once the second most powerful man in China, suffered a sudden heart attack, state media said.

When should I turn the heating on?

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As it gets colder here are some tips to help you stay warm while trying to keep your energy bills down.

After a year of Elon Musk, what's next for X?

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How the billionaire's purchase of Twitter has changed the platform and what the future may hold.

How does China fix the Evergrande mess?

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The heavily indebted company has become the poster child of the country's flailing property sector.

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

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

Warning flight fares to rise after air charges hiked

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Airlines say passengers will foot the bill after the aviation regulator hiked charges at airports.

UAW strike: Ford and union agree 'tentative' deal to end strike

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The deal would be the first settlement of strikes by 45,000 workers against the 'Big three' US car makers.

Student maintenance loans almost entirely used up by rent, report warns

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The average cost of university accommodation in England is almost level with the average maintenance loan.

US orders immediate halt to some AI chip exports to China, Nvidia says

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The new export rules were due to start in November, but Nvidia says the US sped up their introduction.

Big banks linked to products with pangolin and leopard parts

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The companies include UK multinationals such as HSBC, Prudential, and Legal & General.

Rural buses: Councils opt for 'on-demand' services in face of cuts

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Councils said they could not offer a like-for-like replacement for commercial services that have faced cuts.

Paedophiles using AI to turn singers and film stars into kids

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Charity finds dark web forums sharing thousands of new abuse images made with bespoke AI software.

Job figures show signs of labour market weakening

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The trend suggests businesses are feeling the impact of rising prices and high interest rates.

World shift to clean energy is unstoppable, IEA report says

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The world is shifting rapidly to clean energy but still investing too much in fossil fuels, the IEA says.

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

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

Workers on voluntary Real Living Wage see 10% pay rise

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The increase in the voluntary pay scheme will benefit more than 460,000 UK workers.

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

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

Does the paper industry need to cut its water usage?

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

Foxconn: iPhone-maker investigated by Chinese authorities

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

Autumn statement: Government considers help for first-time buyers

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

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

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

Warm weather hits clothing sales in September

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Shoppers reined back spending on autumn clothes amid rising prices and warm weather.

Government borrows less than expected in September

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Public borrowing was £14.3bn last month, lower than most economists had anticipated.

Is AI about to transform the legal profession?

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Law firms are increasingly using artificial intelligence systems, but it comes with risks.

US mortgage rates have hit a two decade high of 8%

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Americans hoping to buy a home or apartment are facing steep borrowing costs, data shows.

Nvidia and iPhone maker Foxconn to build "AI factories"

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This comes as the US announced plans to cut off more exports of advanced chips to China, in a blow to Nvidia.

BYD: The top electric car maker that is not Tesla

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Chinese auto giant BYD is now ahead of Tesla in quarterly production - and second to it in global sales.

Britishvolt aims to supply batteries to Australian military

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New owner, Recharge, hopes to close a deal on the Northumberland site, paving the way to make batteries for export.

US-China chip war: Washington announces new export curbs

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The move makes it tougher for companies like Nvidia, AMD and Intel to sell existing or new chips to China.

Twitter glitch allows CIA informant channel to be hijacked

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US spies and informants could have been directed to hostile nations through a CIA mistake made on X.

The incredible power of blue LEDs

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LEDs dominate lighting systems but their efficiency rests on the tricky production of blue light.

No room for tax cuts or spending rises, IFS think tank warns

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The think tank warns that "ill-timed" pre election tax cuts could prove "unsustainable".

German chancellor Olaf Scholz could snub British AI summit

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The BBC understands the German chancellor may turn down his invitation to the event on 1 November.

Will Sam Bankman-Fried take the stand to save himself?

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A long prison sentence hangs over him so the former crypto tycoon may take a gamble and testify.

Ten former Tuffnells depots reopen after rescue deal

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

Former Bank of China boss arrested on bribery charges

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He is the latest banker to be prosecuted under Chinese President Xi's anti-corruption crackdown.

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

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

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

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

TikTok says action taken on Israel conflict videos

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

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

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