Liz Weston: Sneaky ways inflation affects your money in 2023
Inflation has a way of affecting nearly every aspect of our finances.
Business
Rishi Sunak restarts talks on London listing for UK tech firm Arm
Japanese investor SoftBank thought to favour New York for computer chip designer’s IPORishi Sunak has reportedly restarted efforts to persuade the Japanese investor SoftBank to list the computer chip designer Arm in London.SoftBank has been considering…
Rail strikes: Mick Lynch says ministers should ‘stop play-acting’
Unions and industry leaders to meet ministers in attempt to break deadlockThe RMT leader, Mick Lynch, said ministers should “stop play-acting” and end the long-running dispute over pay, jobs and conditions on the railway, before a meeting in Whitehall …
Norwegian cargo ship refloated after running aground in Suez canal
Egyptian authority says vessel was towed away for repairs after briefly disrupting traffic in vital waterwayA Norwegian-owned cargo ship briefly ran aground in the Suez canal before being refloated and towed away, according to the Egyptian authority ru…
Goldman Sachs to start cutting up to 3,200 jobs this week
Redundancies expected to be concentrated in investment banking division and consumer armGoldman Sachs is expected to start one of the biggest rounds of redundancies in its history this week, with as many as 3,200 jobs to go as it looks to cut costs.The…
Energy bill support for UK businesses to be cut by Jeremy Hunt
New scheme for companies, charities and public sector organisations to offer discount on wholesale pricesThe chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills.A new schem…
Lidl gained 1.3m British shoppers at Christmas amid living costs crisis
Discount supermarket’s sales rise by a quarter year on year in four weeks to 25 DecemberLidl gained 1.3 million British shoppers in the Christmas period compared with a year earlier as the supermarket benefited from people cutting back on spending.The …
EU lawmakers aid Somali man fighting life sentence in Greece
A Somali man serving a 142-year prison sentence in Greece for people smuggling has appeared in court to appeal his sentence.
Czech ex-Premier Babis acquitted in EU funds fraud case
A Prague court has acquitted former Prime Minister Andrej Babis of fraud charges in a $2 million case involving European Union subsidies.
UK manufacturers fear blackouts and job losses after energy subsidy cut
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…