Financial news

• 'This is history': car workers walk out in biggest auto strike in generations – video report

  15-09-2023 23:39
  
  Auto workers in the US have launched a historic series of strikes after their union failed to reach an agreement with the country's three largest vehicle manufacturers.The disagreement over a new contract saw workers at Ford, Stellantis and GM plants called out from the shop floor to the picket lines shortly after midnight on Friday, kicking off the most ambitious industrial labor action in decades for about 130,000 workers.Workers are pushing for at least a 40% wage increase over four years in
  
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• Biden says record profits warrant record contracts as historic auto worker strike starts

  15-09-2023 20:39
  
  United Auto Workers union unable to agree deal with Ford, GM and Stellantis, who have seen profits and executive pay soarJoe Biden on Friday spoke out in support of auto workers as they launched a historic series of strikes after their union failed to reach an agreement with the US’s three largest vehicle manufacturers.“No one wants a strike, but I respect workers’ rights to use their options under the collective bargaining system, and [I] understand their frustrations,”
  
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• BP to review personal relationships between staff to root out ‘problematic’ conduct

  15-09-2023 20:01
  
  Exclusive: oil giant to put particular focus on senior managers after shock departure of CEO Bernard LooneyBP has launched a review of all personal relationships between its staff, particularly at senior levels, to root out any “problematic” conduct, the Guardian can reveal.The oil and gas company’s chief executive, Bernard Looney, quit on Tuesday night after an investigation into his personal relationships with colleagues. His departure left the company facing questions over i
  
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• ‘Who can afford them?’: theatregoers react to £395 tickets for Neil Simon play

  15-09-2023 18:43
  
  Next year’s opening of Plaza Suite in West End, with Sarah Jessica Parker and Matthew Broderick, reignites affordability debate When Plaza Suite, Neil Simon’s witty commentary on love and marriage, opened on Broadway in 1968, the most expensive seats in the house would have cost less than $10. The equivalent today would be about $88, or £71.Next year, the show, starring Sarah Jessica Parker and her husband Matthew Broderick, opens in London’s West End with tickets for pre
  
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• Everton’s Farhad Moshiri agrees sale of club to American firm 777 Partners

  15-09-2023 18:26
  
  American firm will acquire Moshiri’s 94.1% stake in clubTakeover remains subject to Premier League approvalThe Premier League’s beefed up owners’ and directors’ test looks set to face its first major challenge after Farhad Moshiri agreed to sell his entire stakeholding in Everton to the American investment firm 777 Partners.The two parties have now signed an agreement for a full takeover, which Moshiri claims will secure the funding to complete the 52,888-capacity stadium
  
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• ‘It’s organised looting’: UK in grip of a shoplifting epidemic, say store owners

  15-09-2023 16:24
  
  Shop thefts have more than doubled in the past three years, costing retailers £953m a year, according to the British Retail ConsortiumIn recent months, David, the manager of a Leeds Co-op store, and his staff have been threatened with razors, knives, screwdrivers, needles and hammers by shoplifters who have become more brazen and aggressive.“It feels like these offenders can simply come in and take what they want, and do what they want,” the 36-year-old said. “Not one or
  
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• State pension set to increase almost 20% in two years sparking fears over triple lock

  15-09-2023 15:40 via express.co.uk
  
  The full new state pension is set to increase from £203.85 a week to £221.20, increasing by almost £2,000 a year compared to two years ago.
  
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• Far from ditching generous pensions, Britain needs a ‘triple lock’ for working-age benefits too | Harry Quilter-Pinner

  15-09-2023 15:20
  
  Here’s how a clever tweak could keep pensions growing – and keep things fairer for everyoneHarry Quilter-Pinner is director of research and engagement at the Institute for Public Policy ResearchThe Labour party is ahead in the polls. The Conservatives are in disarray. And Tony Blair is back on the scene. British politics is starting to feel a bit Britpop. Sadly, if there were a theme tune to capture the mood of the country today, REM’s Everybody Hurts would be more appropriate
  
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• Household bills soar to £570 a month above inflation as costs double in 30 years

  15-09-2023 14:14 via express.co.uk
  
  Average bills are at £1,345 a month with the cost of energy increasing fourfold compared to 30 years ago.
  
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• TikTok fined €345m for breaking EU data law on children’s accounts

  15-09-2023 14:00
  
  Irish data regulator says platform put 13- to 17-year-old users’ accounts on default public setting, among other breachesTikTok has been fined €345m (£296m) for breaking EU data law in its handling of children’s accounts, including failing to shield underage users’ content from public view.The Irish data watchdog, which regulates TikTok across the EU, said the Chinese-owned video app had committed multiple breaches of GDPR rules. Continue reading...
  
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• Oil companies granted licences to store carbon under the North Sea

  15-09-2023 13:32
  
  Government hopes companies including Shell will be able to store up to 10% of the UK’s annual carbon emissionsOil companies have been granted licences by the government that it hopes will enable them to store up to 10% of the UK’s carbon emissions in old oil and gasfields beneath the seabed.The government awarded more than 20 North Sea licences covering an area the size of Yorkshire to 14 companies that plan to store carbon dioxide trapped from heavy industry in depleted oil and gasf
  
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• Number of firms in England and Wales going bust in August rises by a fifth

  15-09-2023 13:20
  
  Insolvency Service reports 19% rise from August 2022’s figures as firms fight high interest rates and falling salesBusiness live – latest updatesThe number of companies going bust jumped by almost a fifth in August compared with a year earlier as the toll of high interest rates and falling sales hit struggling businesses.The Insolvency Service said 2,308 firms in England and Wales collapsed in August, which was 19% more than in August 2022 and higher than pre-pandemic levels. Continu
  
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• US economy going strong under Biden – Americans don’t believe it

  15-09-2023 13:00
  
  Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both partiesAmericans do not trust the government’s economic news – or the media’s reporting of it – according to a Harris poll conducted exclusively for the Guardian that presents the White House with a major hurdle as it pushes Biden’s economic record ahead of next year’s election.The US has roared back from the Covid recession by official measures.
  
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• Going to university? How to budget and make the most of your cash

  15-09-2023 13:00
  
  With some careful planning you can avoid having to spend the second half of term living off toastEven if you’re not studying maths at university, you should start the term with a bit of arithmetic. When you draw up a budget, fundamentally you are trying to work out how to make your money stretch as far into the term, or beyond, as possible.With a bit of planning, you may be able to avoid blowing it all in the early weeks and having to spend half a term eating toast. Or you might find you n
  
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• TSB boosts account with up to £222 worth of discounts to help customers' money stretch

  15-09-2023 12:57 via express.co.uk
  
  TSB has joined forces with AnyVan, Hussle, Sky and AA to boost its student account and help customers save hundreds of pounds.
  
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• 'We're not asking to be millionaires': workers strike at US car giants – video

  15-09-2023 12:20
  
  Car workers have launched a series of strikes after their union failed to reach agreement on a new contract with the three largest US vehicle manufacturers, kicking off the country's most ambitious industrial action in decades.The deadline for talks between the United Auto Workers union (UAW) and the car manufacturers Ford, General Motors and Stellantis expired at midnight on Thursday, with the sides still far from agreement on UAW’s contract prioritiesAuto workers strike after contract ta
  
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• Tata Steel seals £500m UK support package but big job losses feared

  15-09-2023 12:20
  
  Unions say as many as 3,000 workers could lose posts in long term on back of deal to help decarbonisation plansBusiness live – latest updatesThe UK government has agreed a £500m support package for Tata Steel to secure the future of the Port Talbot steelworks, in a deal unions said will have “devastating consequences”, with as many as 3,000 workers expected to lose their jobs.India’s Tata group, which owns the vast steelworks in south Wales – Britain’s b
  
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• ‘They’re meaningless’: why women’s clothing sizes don’t measure up

  15-09-2023 12:00
  
  Are you a 10 in one store and a 14 in another? We examine what’s behind this sizing crisis – and how to solve itIn my wardrobe, I have a long Cos dress with a label that reads XS. A similar style from Doen is labelled M – theoretically a whole two sizes up, while a Topshop dress that always feels a little on the large side is labelled a 6. Weird. A vintage mini that I can’t get on without undoing the zip is a 14, and two Asos denim jumpsuits are an 8 and a 10 respectively
  
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• After Morocco’s devastating earthquake, the tourism industry rallies round

  15-09-2023 12:00
  
  Travel and tour operators are getting involved in the country’s relief effort, knowing how vital tourism is to its economy“My family is safe,” our tour guide Sara Chakir said as we huddled in the streets outside Fez’s medina, waiting for aftershocks until the early hours. Morocco’s 6.8 magnitude earthquake had struck last Friday, 350 miles away in the Al Haouz region of the High Atlas mountains at just after 11pm. It was enough to send our riad swaying, but there wa
  
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• Train drivers in England to strike during Tory conference

  15-09-2023 11:53
  
  Aslef members will take action on Saturday 30 September and Wednesday 4 OctoberTrain drivers have announced two more days of strikes and an overtime ban across England, timed to bring services to a halt at the start and end of the Conservative party conference.Members of Aslef will strike on Saturday 30 September and Wednesday 4 October, when the Tories’ conference is taking place in Manchester, meaning virtually no national rail services will run in England on those days. Continue reading
  
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• Toxic chemicals banned by EU since Brexit still in use in UK

  15-09-2023 11:44
  
  Exclusive: EU restricts use of eight chemicals, with 16 more in pipeline; UK has two under considerationSeveral toxic chemicals that have been banned in the EU since Brexit are still allowed to be used in the UK, it can be revealed, as campaigners say the lower standards are putting public health at risk.The UK has not been part of the EU’s chemicals regulations scheme since 2021 and instead has its own, called Reach. Eight rules restricting the use of hazardous chemicals have been adopted
  
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• Wales is bringing in a 20mph speed limit. Why – and what will happen?

  15-09-2023 11:21
  
  While many oppose the new restrictions, the Welsh government says it is the ‘sensible and progressive thing to do’UK politics live – latest updatesThe introduction of a 20mph speed limit on most residential roads across Wales from Sunday is proving one of the most controversial the Labour-run Welsh government has ever put in place.Welsh ministers argue it will save lives and lead to fewer injuries, save money for the NHS and make communities more pleasant places to live and wor
  
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• Yorkshire Building Society increases perks on 5% interest Rainy Day Saver accounts

  15-09-2023 10:21 via express.co.uk
  
  The Yorkshire Building Society has refreshed its popular Rainy Day Saver ahead of its support for UK Savings Week.
  
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• Secure Trust Bank increases interest on fixed ISA and earns 'excellent' rating

  15-09-2023 09:59 via express.co.uk
  
  Secure Trust Bank has remained competitive with savings interest rates month-on-month.
  
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• Could Bernard Looney’s departure end blurred lines of unequal power dynamics?

  15-09-2023 08:40
  
  A string of work-based relationships is not the message that should be emanating from the CEO of a modern companyBernard Looney, the now former CEO of BP, joined a not-so-exclusive club this week as a male chief executive ousted from their role for inappropriate behaviour. After failing to fully disclose personal relationships with colleagues to the board, Looney told the firm that he had not been “fully transparent” about past relationships, accepting he was “obligated to make
  
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• Homes for sale in England for budding artists – in pictures

  15-09-2023 08:00
  
  From magnificent views to light-filled rooms … or simply living in arty locations Continue reading...
  
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• Fashion’s unseen stories: the homeworkers of Tirupur – in pictures

  15-09-2023 07:15
  
  Homeworkers in an all-female cooperative in Tirupur, Tamil Nadu – known as India’s knitwear capital – took part in a photography project where they were given cameras to document their work. All the women belong to the Anukatham union, which is fighting for recognition by the Tamil Nadu government, as well as better wages and conditions Continue reading...
  
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• Young people in England feel they must move for better opportunities

  15-09-2023 06:00
  
  Exclusive: 85% of 16- to 18-year-olds believe staying in their area is not an option if they want to succeedMore than four in five 16- to 18-year-olds say they need to move from their areas for better opportunities, including more than 90% of those surveyed in the north-east, Yorkshire and the east of England.A survey of 2,000 people carried out by the Social Mobility Foundation found that on average more than 85% felt they needed to leave. In the east of England 95% felt that way and the figure
  
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