Global Business News - From BBC

Cryptocurrency theft of £1.1bn could be biggest ever
Dubai-based Bybit said it could afford to reimburse customers and that it was working to find the hackers.

Ofgem demands action from energy firms over back billing
The energy regulator is demanding to know how many people have been sent back bills.

Apple pulls data protection tool after UK government security row
Customers' photos and documents stored online will no longer be protected by end-to-end encryption.

Government finances in surplus but pressure builds on Reeves
Chancellor faces a rising challenge to keep her tax and spending plans on track after missing forecasts.

St Pancras plans for direct trains from UK to Germany
The London station's owner and Eurotunnel hope to expand routes to Cologne, Frankfurt and Switzerland.

Will quantum computers disrupt critical infrastructure?
Quantum computers will be able to crack existing encryption and threaten critical infrastructure.

Scotch makers condemn English single malt whisky proposal
Scottish distilleries and MPs claim England's methods would damage the reputation of single malt.

Coinbase boss claims SEC will drop crypto lawsuit
The SEC's 2023 lawsuit formed part of a crackdown on crypto firms which President Trump pledged to reverse.

Backlash over energy standing charges shake-up
Charities and energy providers have criticised plans to change the way standing charges on gas and electricity bills are paid.

Birkenstock sandals are not art, says German court
The firm wanted to claim protection under copyright law, to stop rivals selling copycat versions of its shoes.

What does Jack Ma's return to the spotlight mean?
Analysts say the Alibaba founder's re-emergence could signal a policy change in Beijing.

Lloyds sets aside £1.2bn for car loan scandal
The banking group has nearly tripled the amount it has ringfenced for potential compensation.

US Fed warns Trump's tariffs may fuel inflation
The minutes from the last meeting of the e Fed's rate setting committee reveal inflation concerns.

Apple gambles on new iPhone with AI features at lower cost
Apple is hoping its latest, lower cost iPhone model will boost sales of its flagship device.

I'm not happy with Boeing, Trump says over Air Force One
US president says he is looking for alternatives because Boeing is taking too long to build new planes

Inflation jumps on food, air fares and school fees
The government admits that stemming price rises will be 'bumpy' as inflation hit 3% in January.

Powerful quantum computers in years not decades, says Microsoft
It says a new chip it has created could end up being as important a breakthrough as the semiconductor.

'Perfect storm' could see end of salon apprenticeships
Hairdressers are calling for government support, saying there could be no salon apprentices by 2027.

Fast-food giant KFC leaves Kentucky home for Texas
Move away from its ancestral home is part of a wider shakeup at its parent company Yum Brands.

Thames Water secures £3bn lifeline after court ruling
The UK's largest water and waste company was set to run out of money by the end of March.

Energy bills forecast to rise by £85 a year
Cornwall Insight predicts that the energy regulator will hike gas and electricity prices by 5%.

Average NI house price reaches 17-year high
The average house price in Northern Ireland rose by 9% during 2024, according to official data.

Tata Steel £1.25bn electric furnace approved by planners
Tata plans to build a new electric furnace in Port Talbot to replace two traditional blast furnaces.

UK wages continue to outpace inflation
Pay outstripped price rises by 3.4% between October and December while the unemployment rate remains unchanged.

DeepSeek 'shared user data' with TikTok owner ByteDance
South Korea's data protection regulator says user data was sent to the Chinese owner of TikTok.

Reeves' intervention in car loans case rejected
The UK's highest court has rejected the Treasury's attempts to intervene in the landmark case.

Meta plans globe-spanning sub-sea internet cable
It is the latest move from Meta to invest more in global connectivity rather than its apps.

Georgia's richest man said to be moving funds to avoid US sanctions
The pro-Russian businessman is reported to be moving overseas assets back to the Caucasus country.

Hair: 'It’s just thrown away but it's gold'
India is the world's biggest exporter of human hair but it wants more of the lucrative wig market.

Scientists work on 'superhuman' vision systems for robots
Researchers have given a robot a powerful radio-based vision system which can see through smoke.

Why don't Europeans buy more American cars?
Trump wants US vehicles to be more popular in Europe, but it's a difficult market for them to crack.

Erasing Escobar: Will Colombia ban the sale of memorabilia of the drug lord?
Politicians in the country want to prohibit the sale of such items, but they face opposition.

Germany's once-mighty car industry is in crisis. What will it take to fix it?
With the economy a key factor in German elections this month, can the auto sector get back on the road to recovery?

Why do kindness influencers get criticised?
Kindness influencers give away money and gifts but not everyone supports their work.

Do Trump's tariffs mean the end of the post-war free trade world?
President Trump has proposed a sweeping set of tariffs. Does this mark the end of the post-war free trade world?

How Spain's economy became the envy of Europe
The growth is led by a tourism boom, with Spain nearing France as the world's most visited country.

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