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UK sanctions Russia’s oil giants over Ukraine war
Posted onBritain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. Chancellor Rachel…
Heineken boss steps down as beer sales slow
Posted onThe boss of one of the world’s largest beer brands, Heineken, is stepping down after six years as the firm battles falling beer sales. Dolf van den Brink said the Dutch brewer, which also makes pub favourites Birra Moretti and Cruzcampo, had been marked by “significant change” in recent years. The firm has been contending…
Help to Save scheme to be offered to more people
Posted onKevin PeacheyCost of living correspondent Getty Images More people on low incomes will be encouraged to save through a scheme that offers a large government bonus, the Treasury has announced. About three million people on universal credit are currently eligible for the scheme, which sees the government add 50p for every pound saved after two…
Keyless car theft devices selling online for £20,000, BBC finds
Posted onEmma VardyBBC Breakfast business presenter A doorbell camera captured footage of a gang using an electronic device to steal a car Gadgets used by criminals to steal keyless cars without breaking in are being sold online for more than £20,000, the BBC has found. A new law is imminent on owning devices used in car…
Spending without thinking is a risk with unlimited contactless cards
Posted onKevin PeacheyCost of living correspondent and Tommy LumbyBusiness data journalist Getty Images Spontaneous spending is likely to rise if the limit on contactless cards is increased or scrapped entirely, academics say. At present, the need to press a four-digit PIN for purchases over £100 gives people a timely prompt about how much they are paying,…
