Business

BBC News - Business

The strike at Boeing has sent the company scrambling to save cash.

Harland and Wolff confirms it is set to be placed into administration for the second time in five years.

The court battle will determine the future of the billionaire's media empire.

The new repayment rate for student loans started this month but for some graduates the debt pile keeps growing.

The US government wants TikTok sold or divested because it says it is a threat to national security.

Groups supporting women in science, technology, engineering and maths are struggling for funds.

How did HS2 manage to go so far over its original budget?

An abuse survivor describes her ordeal as a charity calls for action to tackle financial abuse.

There is a growing expectation that Harland and Wolff's holding company will soon be placed into administration.

Some pensioners say they don't need the extra cash of up to £300 - and want better means testing.

Competition between lenders is intense ahead of the next interest rates decision from the Bank of England.

Apple has been ordered to pay Ireland €14bn in unpaid taxes by Europe's top court.

Harland and Wolff's Executive Chairman says the shipyard is still capable of delivering a major Royal Navy contract.

Ray Dalio says he thinks the probability of civil war in the US is "low but cannot be dismissed".

Trade unions are calling for help to save hundreds of jobs at the historic shipbuilder Harland and & Wolff.

Shein and Temu have been able to ship packages under $800 to the US without facing tariffs.

The firm is being penalised for its role in the failure of property giant Evergrande.

The company blames a drop in sales, the cost of living and a move towards electrification.

More than 30,000 workers down tools after union members voted overwhelmingly to back the strike.

Watchdog has particular concerns about the customers least able to afford mobile services.

A private consortium proposes a 50-mile (80km) link after a review commissioned by the regions' mayors.

Renter groups say the plans are a positive step but warn more action will be needed to tackle unaffordable rents.

An ageing population, climate change and geopolitical tensions all add pressure to the public finances, a report says.

Petroineos said the closure of Grangemouth was due to it being unable to compete with more modern foreign sites.

The Xbox owner announces 650 jobs will go after cutting almost 2,000 earlier this year.

The row erupted when Tesco proposed firing staff at some distribution centres and rehiring them on lower pay.

Chemists, pubs and banks made up half of High Street closures in the first six months of 2024, data suggests.

Start-ups launch drinks that look and taste like coffee but they say are better for the environment.

A no-fault evictions ban will come in next summer, but thousands of families are already stuck in limbo.

Artificial intelligence is now being used to predict and prepare for the next outbreak.

Emily Nkhana shares tips with the BBC on how to make banana wine.

A Denver-based start-up plans to use powerful lasers to spark a fusion reactor.

Tourist sector bosses in the region are increasingly concerned about the impact of climate change.

Building hi-tech airline seats has become a huge business in Northern Ireland.

The deal aims to create India's largest entertainment company which will dominate the advertising market.

The technology has been used to filter out background voices in audio evidence in a US murder case.

The state is among a handful that will decide the presidential contest, and workers have felt increased prices at the grocery store and gas station.

Energy businesses and farmers in western Pennsylvania are struggling because of prices, an issue that has not figured prominently in the campaigns of Donald J. Trump and Kamala Harris.

Efforts by the Beijing-backed Semiconductor Manufacturing International Corporation, or SMIC, to break through innovation barriers have landed it in a geopolitical tech battle.

The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.

For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.

The movie has made roughly $190 million in its first 10 days, giving the studio a needed hit after a summer of misfires.

Corporate consolidation and technology have upended many jobs in recent decades. But few arcs are more surprising than that of the Hollywood producer.

Lands in cities and towns that were once shipping points for livestock can be low-lying, unfavorable and often prone to flooding. They’re also hotbeds for new developments.

Many Americans who need therapy are discouraged by the cost. But there are options to make it more affordable.

More than 33,000 Boeing workers went on strike last week after rejecting a tentative contract the company had negotiated with their unions.

Scientists from the United States, China and other nations called for an international authority to oversee artificial intelligence.

The network has been a darling among critics for years. But it hit a new high on Sunday, with “Shogun” winning best drama and “The Bear” picking up several awards as well.

After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new surveys show. That could give an edge to Vice President Kamala Harris.

As cafes grant us the power to cobble together ultra-personalized beverages filled with syrups, powders, fruit chunks, boba and plenty of caffeine, we’re all soda jerks now.

In a country with more sheep than people, a D.I.Y. wool journey — from sheep farms to yarn shops — makes perfect sense. Our writer brushes up on her knitting on a driving trip from Reykjavik.

TikTok will be in federal court on Monday, aiming to block a new law that will ban the popular video app in the United States early next year.

The online gaming platform is ubiquitous among tweens, but a popular fashion game has adults — and a few celebrities — paying attention.

I have a crushing workload and the anger to prove it. With less than two years before I can leave, how do I avoid alienating everyone?

As an executive at Columbia and RCA Records, he popularized the classics for mass audiences by applying the same techniques used to sell pop music.

The former president left many key details about the overtime plan unaddressed, including whether the exception would apply to the payroll taxes that fund Social Security and Medicare.

The vehemence of workers over wages and other issues caught the company and union leaders off guard.

The agreement ends a two-week dispute that had prevented many of DirecTV’s 11 million customers from watching programs like Monday Night Football.

Election wagers have long been banned in the United States. But for a brief period on Thursday, a regulated prediction market was permitted to offer them to Americans.

Under pressure from Chinese competitors, Amazon, Walmart and other U.S. retailers have been exploring ways to avoid tariffs. Could a new Biden administration rule change that?

The inside story of how the producers of “The Apprentice” crafted a TV version of Mr. Trump — measured, thoughtful and endlessly wealthy — that ultimately fueled his path to the White House.

Three years ago, a businessman bought a collection of roughly 20 million sports cards from its reclusive owner. Now he wants to show it to the world.

Donald J. Trump, the largest shareholder in the parent company of Truth Social, said he won’t sell his stock when a restriction ends next week.

Mr. Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, was convicted last fall and is serving a 25-year sentence in prison.

Sanctions announced on Friday are an effort to undercut RT by making it difficult for the network to conduct global business in dollars.

Mr. Trump said he would introduce the project on Monday, continuing his embrace of the crypto industry, a major source of political donations.

The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.

The company said that the site would close indefinitely and that it would permanently stop making liverwurst. Union officials said the plant’s 500 workers would be given severance and offered relocation.

After an animal rights protest at a film premiere, Mr. Williams, the creative director of Louis Vuitton, said he had “plans to change things.”

Thousands of Boeing workers in Washington State and Oregon walked off the job on Friday in the first strike at the plane maker in 16 years.

Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”

One of the hazards of buying individual stocks is that their current price may have little to do with their fundamental value, our columnist says.

Owner Stephen Ross is talking to private equity firms after the N.F.L. changed the rules on what types of investors can buy into the league.

The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.

The sports term refers to a time during a game when defeat becomes inevitable. Officialdom is warning against using it to take veiled jabs at the country’s political and economic system.

Next week, a probate official will hear evidence in a clash between Rupert Murdoch and some of his children over who should control his media companies after he dies.

Authorities also imposed a six-month suspension on the local operations of the global firm, which was once a dominant auditor in China.

As threats to his personal safety have become graver, the world’s richest man has barricaded himself behind a phalanx of bodyguards that operates like a mini-Secret Service.

Airlines pledged assistance, refunds and reimbursements to passengers whose travel had been disrupted by this summer’s software outage. Instead, passengers told us, they were on their own.

Thousands of union members began the first walkout at the company since 2008. Federal mediators said the company and the union would meet early next week.

In a new study, many people doubted or abandoned false beliefs after a short conversation with the DebunkBot.

Liberal commentators celebrated the megastar’s endorsement of the Democratic ticket. Conservatives either downplayed the impact Taylor Swift might have, or attacked her.

While the cable TV business is declining quickly, satellite TV is decaying even faster.

Diplomats are calling for the release of Tigran Gambaryan, an employee of the crypto exchange who was arrested in February.

The average rate on 30-year mortgages declined to 6.2 percent this week, the lowest point since early 2023.

The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.

The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.

The ChatGPT maker is closing in on another mega funding round as investors bet the boom in artificial intelligence has plenty of room to grow.

General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.

Accidents involving blades made by GE Vernova have delayed projects off the coasts of Massachusetts and England and could imperil climate goals.

Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.

For Chinese seeking educational opportunity, the United States has long been the top spot, but as more want to stay to work, their paths are full of roadblocks.

Jared Isaacman, the billionaire leading the Polaris Dawn mission, and Sarah Gillis, a SpaceX engineer, exited and re-entered their spacecraft in a test of commercial space technologies.

Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, […]

The post Custody giant State Street expands crypto services in new partnership  appeared first on Reuters News Agency.

Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration and accounting services, will hold clients’ crypto assets and help them create tokenized assets, such as funds and other securities. The post Custody giant State Street expands crypto services in new partnership appeared first on Reuters News Agency.

Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo […]

The post Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO appeared first on Reuters News Agency.

Reuters exclusively reported that Japan’s national and Tokyo governments are seeking a 700 billion yen ($4.7 billion) valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, in what would be the nation’s biggest IPO in roughly six years. The two governments, which own 100% of Tokyo Metro, plan to arrange a meeting of brokerages within a week for a briefing on the IPO and expect to receive approval for the listing from the Tokyo Stock Exchange as soon as mid-September, the sources said. The post Japan, Tokyo governments target $4.7 bln valuation for Tokyo Metro in IPO appeared first on Reuters News Agency.

Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second […]

The post Ackman’s Pershing Square takes new stakes in Nike, Brookfield  appeared first on Reuters News Agency.

Reuters was first to report that billionaire investor William Ackman built new stakes in sportswear company Nike during the second quarter. A regulatory filing reviewed by Reuters showed that Ackman’s hedge fund Pershing Square Capital Management owned roughly 3 million shares of Nike, amounting to a roughly 0.19% ownership. Nike’s stock, which has tumbled 26% since January, rose 4% in after-market trading. The post Ackman’s Pershing Square takes new stakes in Nike, Brookfield appeared first on Reuters News Agency.

Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek […]

The post China tells some brokerages to conduct compliance checks on bond trading  appeared first on Reuters News Agency.

Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to conduct compliance checks on all parts of their bond trading operations. The post China tells some brokerages to conduct compliance checks on bond trading appeared first on Reuters News Agency.

Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan […]

The post OPEC+ sticks to oil policy, repeats could pause Oct hike appeared first on Reuters News Agency.

Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan to start unwinding output cuts from October. The oil producing group took the decision despite sharp oil price falls in recent weeks amid global demand concerns. Brent crude futures fell on the news settling down 1.6% below $80 a barrel. The post OPEC+ sticks to oil policy, repeats could pause Oct hike appeared first on Reuters News Agency.

Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public […]

The post Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024 appeared first on Reuters News Agency.

Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares in New York at $78 apiece, the upper end of its indicated range of $70 to $82. The post Logistics giant Lineage raises $4.45 bln in biggest IPO in 2024 appeared first on Reuters News Agency.

Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes […]

The post US, Vietnam discuss supplying Hanoi with C-130 military transport planes appeared first on Reuters News Agency.

Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes to Hanoi, in a sign of closer security cooperation between the two former foes. The post US, Vietnam discuss supplying Hanoi with C-130 military transport planes appeared first on Reuters News Agency.

Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to […]

The post Some investors demand change at LVMH after probe into Dior contractors  appeared first on Reuters News Agency.

Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior. The post Some investors demand change at LVMH after probe into Dior contractors appeared first on Reuters News Agency.

Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as […]

The post PwC weighs halving of China financial services audit staff  appeared first on Reuters News Agency.

Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group. The post PwC weighs halving of China financial services audit staff appeared first on Reuters News Agency.

Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana […]

The post Traders face $1 bln loss on faltering Ghana cocoa supply  appeared first on Reuters News Agency.

Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market. The post Traders face $1 bln loss on faltering Ghana cocoa supply appeared first on Reuters News Agency.