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Business News

Inflation rate falls to lowest in almost three years
Prices rose at 2.3% in the year to April, down from 3.2% the month before, official figures said.

Ex-Post Office boss cries as admits incorrect evidence
Paula Vennells broke down several times during her evidence to the Horizon IT scandal inquiry.

What went wrong for online car retailer Cazoo?
As Cazoo enters administration, we look at the rise and fall of the online used car retailer.

Taylor Swift and Olympics scams fuelling fraud
Money lost to fraud fell last year, but purchase and romance scams are on the rise.

Water firms ask for bill rises of between 24% and 91%
Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.

UK watchdog looking into Microsoft AI taking screenshots
The ICO wants to know the safeguards around Recall, which can take screengrabs of your screen every few seconds.

Rates should be cut to 3.5% by end of 2025, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.

Electricity grids creak as AI demands soar
Data centre electricity demand is forecast to double in four years, putting energy grids under pressure.

Food price rises 'returning to normal'
Grocery price inflation falls to its lowest since October 2021 but shoppers are still buying own-brand goods.

Industry bosses cast doubt on jobs 'bootcamp' plans
The plans will see benefit claimants get training for roles in sectors such as hospitality and care.

Children top up pocket money with extra work
Doing housework and developing side hustles is helping kids top up pocket money, a report claims.

BMW and Jaguar used banned China parts - US probe
The car makers used parts made by a supplier banned over alleged links to Chinese forced labour.

Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.

Ryanair sees rises in air fares easing over summer
Airline profits rise despite fuel costs as it warns deliveries of Boeing jets could be further delayed

BT scraps digital landline switch deadline
BT has ditched its timetable to move landline customers from copper wire to digital.

Pretty Little Thing warned over 'misleading' ads
The advertising watchdog says the ads "must not appear again" on the company's social media sites.

China hits back at US and EU as trade rows deepen
Last week, Washington announce new tariffs on Chinese imports including electric cars and solar panels.

Who is Paula Vennells? Ex-Post Office boss in Horizon IT inquiry
The ordained priest who led the Post Office from 2012 to 2019 faces three days of questioning at the Horizon Inquiry.

Water investors have withdrawn billions, says research
A report suggests shareholders have taken billons but failed to invest as water bills look set to rise.

Virgin Trains targets West Coast in return to rail
Virgin Group has applied for a licence to run trains on the route it lost to Avanti in 2019.

'I had no choice but to get a 35-year mortgage'
With more young homebuyers opting for ultra-long mortgages, we hear from people about their personal experiences.

Fujitsu sacked boss at height of Horizon scandal
Global president Rod Vawdrey then returned to Australia and made millions in a "train wreck" float.

Unpaid carers being forced to repay £250m to DWP
One claimant unknowingly overpaid Carer's Allowance said the debts she incurred have brought 'considerable financial strain'.

Leading business figure Sir Anthony O'Reilly dies
He built an international media business which at one stage owned more than 100 newspapers.

Energy bills predicted to fall by 7% in July
If the forecast proves correct, it would mean a typical annual bill could be £500 lower than last summer.

Fewer crackers in Ritz boxes but price remains same
The 200g packs of Original and Cheese crackers have been replaced by packs weighing 150g and 140g.

Boeing boss's £25m pay package approved
Boeing shareholders approved a $33m pay package for outgoing boss Dave Calhoun.

These elephants are dying on rail tracks - can AI save them?
Officials in the Indian state of Tamil Nadu are using AI to monitor elephant movement on rail tracks.

How should countries deal with falling birth rates?
As the UK and US continue to see falling birth rates, options to deal with the issue are limited.

Is China's bubble tea bubble about to burst?
Chinese bubble tea shares fizzle, raising questions about the industry and Hong Kong's stock market.

The man who turned his dead father into a chatbot
The "grief tech" firms helping users create talking avatars of their dead relatives.

'Corrupt ship inspectors demand our food and cargo'
Seafarers tell the BBC port officials routinely demand bribes before allowing ships through.

Cow dung's key role in India's energy industry
India is hoping that biogas, produced from farm waste, will curb its reliance on imported gas.

The post-Brexit hard sell for British food in Asia
The UK still lags far behind its main European counterparts, both in terms of sales and reputation.

Will AI dream up the hit TV shows of the future?
Television production firms admit they are already using AI to come up with new programme ideas.

How quantum physics could 'revolutionise everything'
From unhackable communication networks to powerful computers, quantum technology promises huge advances.

The rise of Sweden's super rich
Why the Nordic nation, despite its reputation for social equality, has so many billionaires.

'Garden floods show need to work with nature'
Insurance scheme urges gardeners to use planting to protect their homes from floods.
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