Global Business News - From BBC

Interest rate rise: Bank of England more hopeful on UK economy
Andrew Bailey's comments come as the Bank raises interest rates to 4.25% to try to combat inflation.

Jack Dorsey business target of Hindenburg report
Jack Dorsey's Block sees shares drop after famed short-seller Hindenburg levels claims.

Do Kwon: Fugitive crypto mogul believed caught in Montenegro
Police believe they have arrested Do Kwon, the crypto boss accused of a multibillion-dollar fraud.

UK interest rates: What the rise means for you
The Bank of England has raised the rate from 4% to 4.25%, creating higher mortgage costs.

Loans firm Amigo to halt lending and wind down
The struggling high-cost firm has immediately halted all lending after failing to secure cash from investors.

Post Office scandal victim hopes to get home back
Hundreds of sub-postmasters who exposed wrongdoing will now be able to recover their losses in full.

Cost of living: Food banks used by 3% of UK families
Those in Scotland and the north of England were most likely to have used one in the last 12 months.

Ikea told to tackle sexual harassment after UK complaint
The firm signed an agreement to protect staff in the UK after concerns over how it handled an allegation.

US raises interest rates despite banking turmoil
The Federal Reserve moves borrowing costs higher as it focuses on efforts to stabilise prices.

Why is UK inflation higher than other countries?
February's shock rise in inflation figure means the UK now has the highest rate among major economies.

Man Utd takeover: Sir Jim Ratcliffe & Sheikh Jassim to submit new bids as deadline extended amid confusion
Ineos owner Sir Jim Ratcliffe and Qatari banker Sheikh Jassim are set to submit new bids to buy Manchester United after the deadline was extended.

Train strikes planned in March and April suspended
Rail workers across 14 train companies were due to walk out on 30 March and 1 April.

Wales freeports for Milford Haven-Port Talbot, Anglesey
The two new areas will have tax and duty relief and simplified customs, with hopes for 20,000 jobs.

Evergrande: Crisis-hit Chinese property giant offers debt restructuring plan
It will only account for less than 10% of China's former top-selling developer's $300bn debt.

Third of flights delayed in 2022
Fewer UK flights were on time last year than before the pandemic, says aviation regulator.

Veg shortages drive surprise jump in UK inflation
The cost of living rose more than expected in February driven by sharp hikes in food prices.

Amazon increases starting pay for UK workers again
The online giant follows other firms in raising pay amid a labour shortage and strikes across the UK.

Into the ‘lion’s den’: Questions the TikTok CEO will face from Congress today over a possible ban
The video-sharing app's chief executive will testify to US lawmakers in a much-anticipated grilling.

Shou Zi Chew: Who is the TikTok CEO?
The 40-year-old is facing questioning from US lawmakers amid growing suspicion of the Chinese app.

British Gas boss takes £3.7m bonus despite criticism
Chris O'Shea will still take a bonus after the firm's debt agents broke into vulnerable people's homes to fit meters.

Ukraine to clinch first IMF loan to nation at war
The $15.6bn financing package is expected to be approved in the coming weeks.

Stocks rebound as US and UK seek to calm investors
Markets higher after UK and US again seek to calm investor fears over banks' stability.

Bill Gates: AI is most important tech advance in decades
The former Microsoft boss says AI is the second revolutionary technology he's seen in his lifetime.

Just Eat: Takeaway firm to cut 1,900 jobs in UK
The delivery giant is restructuring its business after a slowdown in takeaway sales.

Energy bill help drives UK borrowing to February record
The government borrowed its highest amount of any February to fund support for energy bills.

Tesco to cut the value of Clubcard rewards scheme
The supermarket says vouchers will be worth a third less from 14 June.

Bard: Google's rival to ChatGPT launches for over-18s
The tech giant is rolling out its new AI chatbot, called Bard, to users in the US and UK first.

Jeffrey Epstein banks to face sex-trafficking case
A US court says the banks must face claims they enabled the deceased financier's sex trafficking.

Sri Lanka: $3bn IMF bailout for struggling economy
The deal is a lifeline for the country which is facing its worst economic crisis in over 70 years.

Zhao Weiguo: Chinese regulator accuses chip tycoon of corruption
Zhao Weiguo formerly headed Tsinghua Unigroup, which was one of China's leading chipmakers.

Amazon to cut another 9,000 jobs
The online retail giant said the positions would be closed "in the next few weeks".

Sidemen manager: 'I cut out alcohol to succeed'
Jordan Schwarzenberger talks about his attitude to alcohol in the workplace for our CEO Secrets series.

‘I left teaching to train as a heat pump engineer’
Heat pumps could radically cut household CO2 emissions, but there's a shortage of qualified installers.

Are romance authors at risk from book-writing chatbots?
As AI-powered chatbots can now write fiction, human authors may have unwanted competition.

Car-charging and dog hotels: Seven perks to lure you to the office
Companies are trying a variety of incentives to lure staff back to the office.

The revolution underway in India's diamond industry
India's long history with diamonds enters a new chapter as lab-grown versions of the gem take off.

'A village's goodwill saved me from life on the streets'
A new report has found that rough sleeping and homelessness has increased across the English countryside

Why sleeper trains are being revived across Europe
A number of rail operators are launching new sleeper train services across the continent.

Could waste plastic become a useful fuel source?
A process that turns waste plastic and CO2 into fuel has been developed at Cambridge University.

Maharashtra: India farmers march in protest as onions rot
Farmers in Maharashtra are protesting after onion prices suddenly crashed over the past few weeks.

Has social media killed the famous advert?
Advertising veteran Sir John Hegarty explains why it is hard to make hit adverts in a digital world.

The tech helping women manage the menopause
A growing number of start-ups are making wearables and apps to help alleviate the symptoms.

UK microchip firms ask government for hundreds of millions
The boss of a leading microchip maker warns without huge investment companies will go abroad.

How slimmed-down websites can cut their carbon emissions
Businesses are discovering tweaks that can dramatically reduce the environmental impact of their websites.

Trains: How can it take so long to fix a struggling railway?
One company is promising passengers "generational" change - but said there must be "pain" first.

The mushrooms you can wear and build with
A growing number of firms are turning fungi roots into clothing and building material.

Sake brewers toast big rise in global sales
Makers of Japan's traditional drink are seeing success abroad offset falling domestic demand.

Brexit deal: Sausage, plant and potato firms welcome new framework
Sausage producer Heck, garden centre Hillmount and Wilson's Country potato growers express their "delight".

Blackpink lead top stars back on the road in Asia
The K-pop superstars are among major acts that have returned as pandemic restrictions ease.

Vivek Ramaswamy: The Indian-American CEO who wants to be US president
Multimillionaire investor Vivek Ramaswamy is a surprise candidate in the race - how might he fare?

The tiny diamond sphere that could unlock clean power
A diamond sphere made in Germany was key to December's breakthrough fusion experiment in California.

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