US jobs rise again as firms raise wages to woo staff
Natalie Sherman Business reporter, New York Getty Images US employers added 431,000 jobs last month as the American economy continued to rebound from the shock of the coronavirus pandemic. The figures from the Labor Department marked the 15th month in a row of job gains and helped to push the unemployment rate down to 3.6%. […]
UK’s largest carbon capture plant opens in Northwich
Tata Chemicals Europe The £20m project has now been completed by Tata Chemicals Europe The UK’s largest carbon capture plant, which will aim to recycle 40,000 tonnes of waste CO2 each year, has opened. Tata Chemicals Europe’s (TCE) site in Northwich, Cheshire, will be the first in the world to purify and liquefy carbon dioxide […]
UK sandwich chain Pret A Manger to launch in India
Reuters A firm owned by Asia’s richest person has struck a deal to open outlets of the British coffee and sandwich chain Pret A Manger across India. A unit of multi-billionaire Mukesh Ambani’s Reliance Industries will run the chain under a franchise agreement. It marks the first venture by Reliance Brands, which also owns India’s […]
Petrol price hits new record above £1.60 a litre
Michael Race Business reporter, BBC News Getty Images Petrol prices have risen above £1.60 a litre on average for the first time as Russia’s invasion of Ukraine continues to affect the cost of oil worldwide. Unleaded petrol hit £1.61 a litre on Thursday, having risen by 8p in a week, while diesel reached £1.70 a […]
Higher blood clot risks and Shanghai lockdown food shortage fears
Here are five things you need to know about the coronavirus pandemic this Thursday morning. 1. Higher blood clot risks There’s an increased risk of developing a serious blood clot in the six months after having a Covid infection, according to a study. Researchers can’t explain exactly why they happen but it could be to […]
Food industry warns protocol is ‘vital to trade’
John Campbell BBC News NI Economics & Business Editor Getty Images Representatives of the Northern Ireland food industry have warned the UK government that scrapping the Northern Ireland Protocol could damage their businesses. The protocol is the part of the Brexit deal which keeps Northern Ireland inside the European Union’s (EU) single market for goods. […]
New Bedford vertical farm to help food security
Infarm Jo Churchill (centre right), Minister for Agri-Innovation and Climate Adaptation, and Bedford MP Mohammad Yasin (centre left), attended an official opening An agriculture minister said she expected indoor farms to “play a large part in the future” of farming. Jo Churchill MP made the comment at the opening of a vertical farm in Bedford, […]
Dorset Michelin starred pub forced to close
A Michelin-starred pub said it has been forced to close because of the cost of living crisis. The Fontmell in Fontmell Magna, Dorset, said it was closing with “immediate effect” blaming a £58,000 increase in utility costs and rise in supplier prices. On the pub’s website the owner said it was “not a decision which […]
Tax energy bosses’ bonus ‘bonanza’, say Lib Dems
PA Media Oil and gas bosses should face a one-off “bonanza bonus” tax on the millions they have made from high energy bills, the Liberal Democrats say. The party is also calling for a £500 hike in household energy bills to be dropped and for them to be cut instead. The government’s Energy Price Guarantee […]
‘Energy prices have forced us to shut the door’
Justin Dealey, Hollie Cole & Pete Cooper BBC News, East Justin Dealey/BBC Olney’s butcher has been in the town for seven years but will shut next week due to rising energy prices Households are facing a jump in energy prices from October when the typical bill will rise to £3,549 a year. It comes after […]