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Topps Tiles to close 23 stores over rising costs
Topps Tiles says eight stores have already closed - with the rest to shut over the next six months.
Oil tumbles back to $100 a barrel and stock markets soar on hopes Middle East war will end soon – business live
Brent crude prices have fallen sharply, while the FTSE 100 is up 1.8% and government bonds are rallyingUK food inflation ‘could hit 9% this year’ as Iran war drives up energy pricesMiddle East crisis live: Trump claims war will end in ‘two or three weeks’; Rubio says US should ‘re-examine’ Nato relationshipCost of living: how to prepare for the ‘awful April’ shower of bill increasesThe bond market is also reacting to hopes of peace in the Middle East soon.Government bonds are rallying, which is pushing down the yield (or interest rate) on UK debt. Continue reading...
Minimum wage: Who is getting a pay rise and how much is it?
Increases in the National Minimum Wage and National Living Wage mean 2.7 million workers will be paid more from April.
Oil briefly falls below $100 and shares jump on Trump Iran war pledge
European stock markets opened higher after the US president said the conflict would "end very soon".
Novo Nordisk shares rise after Wegovy recommended by Britain's drug price regulator
The new recommendation will significantly expand access to Wegovy on the England's NHS.
Baidu robotaxis reportedly halted mid-traffic causing crashes in Wuhan, China
Baidu's Apollo Go robotaxis stopped mid-traffic in a Chinese city on Tuesday, leading to at least one highway collision, according to social media.
Big Japanese companies are feeling optimistic despite the Iran war — but it might not last
The positive sentiment may not fully capture the impact from the Iran war, analysts said, as Japan's Tankan survey period ended in March.
Minimum wage rises to £12.71 an hour as firms warn of impact
Many businesses have said they will have to pass higher wage costs onto customers.
Estate agents accuse Rightmove of charging excessive fees
The online listing portal is now being pursued in a class action, launched on behalf of potentially hundreds of estate agents.
Energy bill help would be based on household income, Reeves says
The chancellor tells the BBC it is "too early" to say exactly who would get help but hinted any support would not arrive until the autumn.
South Korea's Kospi leads rebound in Asia markets as Trump says Iran war could end in weeks
On Tuesday stateside, Trump said the U.S. could leave Iran in "two or three weeks," adding "We leave because there's no reason for us to do this."
Cost of living: get ready for ‘awful April’ bill increases
From council tax to water, broadband to stamps, the annual round of price rises starts on 1 April … and that’s before any fallout from Iran warUK savers told to act now before Easter Sunday cash Isa deadlineBritons will typically see more than £200 added to their household bills this year as “awful April” price increases kick in.The annual rises are particularly unwelcome as the financial turmoil caused by the Middle East conflict has pushed up mortgage rates, fuel prices and energy bills for rural households. Continue reading...
Tech giant Oracle makes 'significant' job cuts
It is thought that thousands of people may have lost their jobs at Oracle, one of the world's largest tech companies.
Manchester United wage bill revealed as half that of WSL rivals Arsenal last season
Skinner’s side spent £5.88m while Arsenal spent £11.3mUnited face Bayern in Champions League on WednesdayManchester United’s wage bill was about half that of their Women’s Super League rivals Arsenal’s last season, their latest financial accounts have revealed, highlighting the stark contrast in spending at some of England’s biggest clubs as they prepare for a decisive night of European action.United, who finished third in the WSL last season, four points behind second-placed Arsenal, face Bayern Munich in the second leg of their Champions League quarter-final on Wednesday, while Arsenal travel to Chelsea, after they qualified for the competition with hugely different budgets. Continue reading...
Revealed: the vast illegal casino network targeting UK gamblers
Calls for tougher laws as network stretching from Caribbean to Georgia generates riches for offshore tycoons by appearing to prey on the vulnerableImmaculately groomed and beaming from ear to ear, Andres Markou looks every inch the golden boy of the gambling sector. The youthful boss of MyStake, a fast-growing digital casino, has been pictured shaking hands with the Brazilian football legend Ronaldinho over a lucrative branding partnership.Elsewhere, he can be seen collecting industry awards, or offering “visionary” insights to interviewers. There is only one hurdle blocking Markou’s ascent to the very top of his trade: he does not exist. Continue reading...
IndiGo names former British Airways chief Willie Walsh as CEO
The announcement comes days after former CEO Pieter Elbers quit in the backdrop of a flight cancellation crisis.
Nike shares fall 9% on weak outlook, expected 20% sales decline in China
Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in China.
Energy crisis: why ‘keep calm but cut down’ may be a better message for Labour
Government keen to avoid panic as oil price surges, but perhaps households need advice on reducing consumptionLabour ministers sent out in recent days to respond to the looming energy crisis sparked by the Iran war have essentially stuck to that reassuring wartime slogan: keep calm and carry on.“I think people should go about their lives as normal, knowing that the government is taking action to bring energy bills down,” James Murray, the chief secretary to the Treasury, told BBC Radio 4’s Today programme on Tuesday. Continue reading...
Delayed by EU entry/exit system? Then travel light
Only way to avoid missing a flight because of EES rules: squeeze everything into a cabin bag and skip luggage check-inTravellers to the EU risk missing their flights because bag drop-off times don’t allow for the long queues to get through a new security system.My family of four missed our easyJet flight home from Málaga because, although we followed advice from the airport and arrived three hours before departure, the bag drop-off didn’t open until two hours before. Continue reading...
Pantry use up as users struggle with cost of living
Rising living costs are pushing more people to rely on affordable food groups.
IndiGo shares jump 9% after India's largest airline names industry veteran William Walsh as CEO
Walsh, 64, is currently the director general of the International Air Transport Association and will join the Indian airline in early August.
Say hello to the UK’s most successful growth industry: organised waste crime | George Monbiot
Thanks to a sustained ideological assault on regulation, our country has been turned into a literal dumpThis country’s a dump. I don’t mean that metaphorically. I mean it literally. From the point of view of criminal waste gangs, it is one big potential landfill. The chances of being caught range between minimal and nonexistent, and the penalties are mostly laughable. Successive governments have given criminals a licence to print money.Last week, the Commons public accounts committee reported that illegal waste dumping is “out of control”. The UK is now blighted with between 8,000 and 13,000 illegal waste sites. Most consist of a few lorry loads. Some contain tens of thousands of tonnes of waste, which might incorporate everything from household products to asbestos, heavy metals and highly toxic, flammable and explosive organic chemicals. The rubbish blows through local neighbourhoods, flows into rivers and seeps into soil and groundwater. And, in most cases, nothing is done.George Monbiot is a Guardian columnist Continue reading...