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BBC News - Business

Post Office sought double pay for chief executive

Former chairman Henry Staunton twice lobbied ministers to double Nick Read's pay, MPs heard on Wednesday.

Disney plans $8.5bn merger for ailing India unit

It is combining forces with Reliance Industries, owned by Mukesh Ambani - Asia's richest man.

Thames Water told to find extra cash itself

It follows reports the firm has lobbied the regulator to allow it to raise bills by 40% and face lower fines.

What is Bitcoin? Key cryptocurrency terms and what they mean

As Bitcoin's price makes headlines once more, here's a look at some key crypto terms and their meanings.

HMRC slammed as phone line waits get even longer

Nearly two-thirds of callers to the tax authority had to wait longer than 10 minutes to get through.

Tata confirms Somerset will host £4bn battery factory

It is predicted the huge factory will create 4,000 jobs and many more in the supply chain.

Apple unplugs self-driving electric car project, reports say

The firm never acknowledged the project publicly but had recruited about two thousands workers.

Country Garden: China property giant hit with winding-up petition

Country Garden, which defaulted on overseas debt last year, says it will "resolutely oppose" the case.

Retro Renault 5 takes on EV challenge from China

Renault's boss says Europe "can't surrender" in the face of Chinese and US electric car manufacturing.

Why Google's 'woke' AI problem won't be an easy fix

The firm paused its AI image generation tool after claims it was over-correcting against the risk of being racist.

Post Office confirms boss is under investigation

The company's statement follows Henry Staunton's revelation in a hearing about postmasters' compensation.

Hunt considers National Insurance cuts at Budget

News of the possible move comes as a leading think tank says the case for cutting taxes is "weak".

Currys rejects second takeover offer from US firm Elliott

The electronics chain says US company Elliot's £757m offer "significantly undervalued" it.

PlayStation to axe 900 jobs and close London studio

The layoffs are the latest to hit the tech sector, which has seen big cutbacks worldwide since 2023.

Marks & Spencer raises pay in battle for supermarket staff

About 40,000 M&S staff will see their wages increase by more than 10% from April.

Food price inflation nears two-year low

Meat, fish and fruit prices fell while energy costs eased, the British Retail Consortium said.

Ministers consider new vaping tax at Budget next week

Ministers fear that the relatively cheap cost of vaping makes it more accessible for young people.

More music leaving TikTok over Universal Music row

At first artists signed to the label were removed, but now writers are being taken off the platform.

Top Disney movies boss steps down in shakeup

Sean Bailey, the head of the media giant's live-action film studio, stepped down after 15 years.

Vice Media stops publishing on website and cuts hundreds of jobs

Vice Media Group filed for bankruptcy in May and was bought by Fortress Investment Group.

Why firms are racing to produce green ammonia

Ammonia is essential for fertiliser production but producing it is carbon intensive.

Will global energy prices fall this year?

Electricity, gas and oil prices all face numerous pressures over the next 12 months.

Why some cyber-attacks hit harder than others

The British Library has been hobbled for months by a cyber-attack and experts warn of similar damage ahead.

Boeing: Aviation giant displays crisis management at Asia's top airshow

The airshow is Boeing's first major aviation event since a mid-air incident on an Alaska Airlines flight.

How AI is helping the search for extraterrestrial life

Artificial intelligence software is being used to look for signs of alien lifeforms.

Robot inventor: 'We had to adapt to the AI revolution'

Sandy Enoch of Robotical explains why he had to pivot his educational robot company due to AI.

The staff shortage in India's special effects industry

With international studios sending more work to India, the industry is struggling to train enough staff.

Future data centres may have built-in nuclear reactors

As AI uses more electricity, new data centres could have their own nuclear power stations.

Whisky takes a shot at China's baijiu-dominated market

Western alcoholic drinks are trying to take on baijiu, which dominates the country's spirits market.

'AI won't steal your job, but people using it may'

Hovhannes Avoyan, founder of picture and video editing app Picsart, shares his advice for our CEO Secrets series.

The festivals searching for greener ways to rock

Music festivals need a lot of electricity, but plugging into greener sources is not easy or cheap.

Source: BBC News - Business


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