Digital pound plans should proceed with caution, say MPs
The benefits of a digital pound are unclear but the government should keep exploring it, say MPs.Source: BBC News - Business | 2 Dec 2023 | 1:08 pm(NZT)
US aims to limit China's role in electric cars
The US unveils rules aimed at keeping Chinese components out of electric cars sold in the country.Source: BBC News - Business | 2 Dec 2023 | 8:13 am(NZT)
Three network down for tens of thousands across UK
The network says it is working on the issue to fix it as soon as possible.Source: BBC News - Business | 2 Dec 2023 | 7:04 am(NZT)
Train strikes: Drivers vote to continue walkouts
Aslef members back walkouts for the next six months, as the union begins nine days of action.Source: BBC News - Business | 2 Dec 2023 | 2:37 am(NZT)
Energy saving scheme: What is the Demand Flexibility Service?
A scheme to reward people for cutting back on electricity use is running for a second day this week.Source: BBC News - Business | 2 Dec 2023 | 1:36 am(NZT)
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.Source: BBC News - Business | 2 Dec 2023 | 1:29 am(NZT)
Bank branch closures hits Prime Minister Rishi Sunak's constituency
The last bank in Richmond, North Yorkshire, is one of 18 branch closures announced by Barclays.Source: BBC News - Business | 2 Dec 2023 | 12:55 am(NZT)
House prices edge up as hopes rise of lower mortgage rates
The Nationwide says there are "encouraging signs" that mortgage rates are starting to come down.Source: BBC News - Business | 2 Dec 2023 | 12:38 am(NZT)
Government intervenes in Abu Dhabi's bid to buy Telegraph
The sale of the newspaper to Gulf investors has been referred to the competition and media regulators.Source: BBC News - Business | 2 Dec 2023 | 12:22 am(NZT)
Wilko: First new stores reopen in Devon
The branches are the first to be introduced nationally following the chain's collapse in August.Source: BBC News - Business | 2 Dec 2023 | 12:01 am(NZT)
Train strikes: When are the walkouts in December?
Train drivers are holding rolling walkouts in December in a long-running row over pay and conditions.Source: BBC News - Business | 1 Dec 2023 | 8:25 pm(NZT)
TikTok: US judge blocks Montana's ban citing free speech
Chinese-owned app welcomes the ruling against "unconstitutional law" due to come into effect in January.Source: BBC News - Business | 1 Dec 2023 | 5:48 pm(NZT)
U.S. House Democrats unveil $1.5 trillion infrastructure plan
U.S. House of Representatives Democrats on Thursday unveiled a $1.5 trillion infrastructure bill that they will seek to pass in coming weeks, arguing it has been made more urgent by the coronavirus pandemic.Source: Reuters: Business News | 19 Jun 2020 | 7:22 am(NZT)
Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.Source: Reuters: Business News | 19 Jun 2020 | 6:28 am(NZT)
Wall Street oscillates amid COVID-19 spikes, muted data
Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.Source: Reuters: Business News | 19 Jun 2020 | 6:21 am(NZT)
Unemployment payments backlog draws hundreds to Kentucky's capital
Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.Source: Reuters: Business News | 19 Jun 2020 | 6:02 am(NZT)
Lufthansa investor Thiele seeks talks with German government: Handelsblatt
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.Source: Reuters: Business News | 19 Jun 2020 | 5:54 am(NZT)
Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.Source: Reuters: Business News | 19 Jun 2020 | 5:50 am(NZT)
Exclusive: Massive spying on users of Google's Chrome shows new security weakness
A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.Source: Reuters: Business News | 19 Jun 2020 | 5:48 am(NZT)
Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).Source: Reuters: Business News | 19 Jun 2020 | 5:28 am(NZT)
U.S. labor market improvement stalling; second wave of layoffs seen
The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.Source: Reuters: Business News | 19 Jun 2020 | 5:23 am(NZT)
LATAM Airlines says operations to plunge 50% by year's end
LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.Source: Reuters: Business News | 19 Jun 2020 | 5:23 am(NZT)
Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat
Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.Source: Reuters: Business News | 19 Jun 2020 | 5:16 am(NZT)
Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.Source: Reuters: Business News | 19 Jun 2020 | 5:07 am(NZT)
Trump’s Tariffs, Once Seen as Leverage, May Be Here to Stay
The president’s latest trade measures have left the United States with the highest tariff rate among the most developed countries, outranking Canada, Germany, Russia and even China.Source: NYT > Business | 15 May 2019 | 1:17 pm(NZT)
Uber Drivers Are Contractors, Not Employees, Labor Board Says
The National Labor Relations Board’s position is a setback for drivers who had hoped to join forces to push for better pay and working conditions.Source: NYT > Business | 15 May 2019 | 12:15 pm(NZT)
James Charles, From ‘CoverBoy’ to Canceled
The 19-year-old internet personality and makeup artist has provoked the ire of beauty YouTube.Source: NYT > Business | 15 May 2019 | 11:57 am(NZT)
Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work.
Taxes are simpler, and bureaucracy has been trimmed. Prime Minister Modi wants a second term to prove that India is open for business.Source: NYT > Business | 15 May 2019 | 11:47 am(NZT)
Square Feet: Visit Times Square? These Projects Want You to Experience It
TSX Broadway, which will a feature a theater, a hotel, a shopping center and an outdoor stage, is the latest effort by developers to lure visitors.Source: NYT > Business | 15 May 2019 | 11:36 am(NZT)
Why the U.S.-China Trade War Could Be Long and Painful: No Offramps
There’s a shrinking supply of the ‘constructive ambiguity’ that would let each side present a deal as a win.Source: NYT > Business | 15 May 2019 | 11:33 am(NZT)
The New New World: In China, Some Fear the End of ‘Chimerica’
As the trade war with the U.S. threatens to decouple the world’s two largest economies, some in China argue that the two sides benefit from the relationship more than they admit.Source: NYT > Business | 15 May 2019 | 11:01 am(NZT)
As Swine Fever Roils Asia, Hogs Are Culled and Dinner Plans Change
An African swine fever outbreak that had been centered in China is rapidly spreading to neighboring countries, pushing up prices of pork, a staple in many Asian nations.Source: NYT > Business | 15 May 2019 | 10:23 am(NZT)
Before Ethiopian Crash, Boeing Resisted Pilots’ Calls for Aggressive Steps on 737 Max
In a tense meeting with American Airlines pilots shortly after the first deadly crash of Boeing’s new jet, executives insisted that the plane was safe to fly.Source: NYT > Business | 15 May 2019 | 10:17 am(NZT)
Stocks Rebound as U.S.-China Trade War Enters New Stage
Global investors grew calmer after Beijing’s retaliatory tariffs shook markets, but sharp rhetoric suggested the uncertainty was far from over.Source: NYT > Business | 15 May 2019 | 9:13 am(NZT)
Attention, Amazon Shoppers: Google Wants Some of Your Spending Money
Amazon wants to sell ads. Google wants to woo shoppers. Their ambitions are putting the tech giants on a collision course.Source: NYT > Business | 15 May 2019 | 8:54 am(NZT)
Disney to Buy Comcast’s Hulu Stake and Take Full Control of Streaming Service
The deal is a potentially crucial deal for the home of “The Handmaid’s Tale,” which originally built its audience on shows from NBC, ABC and Fox.Source: NYT > Business | 15 May 2019 | 7:09 am(NZT)
