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Rachel Reeves unveils plan to cut red tape for business
Posted onChancellor Rachel Reeves has said she plans to scrap “needless form filling” in a bid to boost business growth. Speaking at a regional investment summit in Birmingham, the chancellor said the reforms would boost growth and “make the UK a top destination for global capital”. Ahead of the Budget next month, Reeves acknowledged that “for…
Intel shares slide 12 per cent as supply constraints limit growth
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Intel shares dropped as much as 12 per cent on Thursday after the US chipmaker gave a downbeat revenue outlook linked to issues in the launch of its new manufacturing technology that is critical to…
Taiwan to ban Chinese app RedNote over fraud concerns
Posted onTaiwan says it will block access to popular Chinese social media app RedNote or Xiaohongshu for one year following concerns over online shopping scams. The island’s Criminal Investigation Bureau said Thursday it detected more than 1,700 fraud cases on the app since last year, with total losses worth more than NT$247m (£5.9m; $7.9m), local media…
Temporary disposable barbecue ban over wildfire risk
Posted onA total of 1,017 wildfires have been recorded in England and Wales this year, according to data shared by the National Fire Chiefs Council (NFCC), which matches last year’s record. Disposable barbecues “cannot be considered a safe product” in the current conditions and they “must not be made available for sale either in store or…
