Water companies want £156 bill rise to fund upgrades
The industry says it needs the cash to fund £96bn of investment to cut sewage spills and build reservoirs.Source: BBC News - Business | 2 Oct 2023 | 2:10 pm(NZT)
First class stamp price rises to £1.25
The price rise comes as Royal Mail seeks to cover higher delivery costs while letter numbers fall.Source: BBC News - Business | 2 Oct 2023 | 12:05 pm(NZT)
Rishi Sunak refuses to commit to pre-election tax cuts
The PM says his focus is easing living costs, amid Tory unrest on day one of the party's conference.Source: BBC News - Business | 2 Oct 2023 | 3:39 am(NZT)
HS2: Rishi Sunak refuses to commit to Manchester link
The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester.Source: BBC News - Business | 2 Oct 2023 | 3:10 am(NZT)
Shoplifter: Police need to stop people like me
A persistent shoplifter says stealing is easy and that police could do more to stop people like her.Source: BBC News - Business | 1 Oct 2023 | 6:00 pm(NZT)
Ban on single-use plastic cutlery comes into force in England
Polystyrene cups and balloon sticks are also banned in England as part of efforts to cut waste.Source: BBC News - Business | 1 Oct 2023 | 2:05 pm(NZT)
Winter warning as new energy price cap comes in
The annual energy bill for a typical household falls on Sunday but is high by historical standards.Source: BBC News - Business | 1 Oct 2023 | 12:48 pm(NZT)
Iceland boss quits Tories labelling party 'out of touch'
Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference.Source: BBC News - Business | 1 Oct 2023 | 11:31 am(NZT)
Energy bills forecast to rise in January to £1,996
Analysts at Cornwall Insight say higher wholesale energy prices will drive bills up by £73 a year.Source: BBC News - Business | 30 Sep 2023 | 11:35 pm(NZT)
Train strikes set to cause travel disruption
Aslef union members are walking out in a long-running dispute over pay and conditions.Source: BBC News - Business | 30 Sep 2023 | 9:49 pm(NZT)
Evergrande: The rise and fall of the property giant's billionaire founder
Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.Source: BBC News - Business | 30 Sep 2023 | 11:01 am(NZT)
US car workers strike escalates as it enters third week
The United Auto Workers union said 7,000 more members would walk out.Source: BBC News - Business | 30 Sep 2023 | 6:34 am(NZT)
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)
Coronavirus raises stakes as auto unions ready for a fight
The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)
Wirecard investor DWS says has sold down position, considering legal action
Asset manager DWS, the fund management arm of Deutsche Bank, said it has further sold down its position in embattled German technology company Wirecard and was considering legal action.Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)
U.S. gasoline demand recovery falters as refiners ramp up output
A recovery in demand for gasoline in the United States, the world's largest market for the motor fuel, hit a plateau last week as coronavirus cases surged in some states, undercutting refiners' efforts to ramp up low fuel production.Source: Reuters: Business News | 19 Jun 2020 | 4:10 am(NZT)
Oil edges up on OPEC output cut compliance; pandemic still weighs
Oil prices rose slightly Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.Source: Reuters: Business News | 19 Jun 2020 | 4:05 am(NZT)
Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources
The European Commission is in advanced talks with pharmaceuticals giant Johnson & Johnson to reserve or make an up-front purchase of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.Source: Reuters: Business News | 19 Jun 2020 | 4:00 am(NZT)
S&P 500, Dow muted as virus cases rise, jobless claims weigh
The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.Source: Reuters: Business News | 19 Jun 2020 | 3:57 am(NZT)
IMF says deeper-than-expected contraction in U.S. economy likely in second quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.Source: Reuters: Business News | 19 Jun 2020 | 3:48 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 | 3:41 am(NZT)
U.S. labor market recovery stalling; second wave of layoffs underway
The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have 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 | 3:38 am(NZT)
World stock markets slip on second wave virus fears, safe-havens rise
Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.Source: Reuters: Business News | 19 Jun 2020 | 3:25 am(NZT)
U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease
Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies.Source: Reuters: Business News | 19 Jun 2020 | 3:20 am(NZT)
F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger
Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)
Google Restricts Huawei’s Access to Android After Trump Order
The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)
‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers
Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)
As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)
Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine
When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)
DealBook Briefing: Tech’s Cold War Just Started
Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)
Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts
Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)
Whitney Houston’s Estate Plans a Hologram Tour and a New Album
The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)
Amazon Faces Investor Pressure Over Facial Recognition
Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)
In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China
But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)
Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds
Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)
TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?
A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)
