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Faisal IslamBBC Economics Editor Getty Images Chancellor Rachel Reeves said, despite the IMF’s upgrade to UK economic growth, “for too many people, our economy feels stuck” The UK is forecast to be the second-fastest growing of the world’s most advanced economies this year, according to new projections from the International Monetary Fund (IMF). The rates…
Personal data may have been stolen in the ransomware attack that forced Asahi to halt beer production, the company has said. Japan’s biggest brewer was forced to halt production at the majority of its 30 factories in the country, after a cyber-attack late last month disrupted everything from beer shipments to its accounting system. All…
Emer MoreauBusiness reporter Getty Images Wage growth in the UK cooled slightly over the summer, as unemployment ticked up marginally. Average wage growth was 4.7% in the three months to August, down from 4.8% over the three months to July, according to new data from the Office for National Statistics (ONS). The national unemployment rate…
The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase. China says its levies aim to safeguard the country’s shipping industry from “discriminatory” measures and apply to US-owned, operated, built, or flagged vessels but not Chinese-built ships. It comes in…
People should plan for potential cyber-attacks by going back to pen and paper, according to the latest advice. The government has written to chief executives across the country strongly recommending that they should have physical copies of their plans at the ready as a precaution. A recent spate of hacks has highlighted the chaos that…
Zoe ConwayCorrespondent, BBC News and Pritti MistryBusiness reporter BBC Mohammed Muhedi noticed problems almost immediately following insulation work in his home in 2023 A government scheme aimed at cutting energy use by insulating homes was botched on a vast scale, a spending watchdog has found, leaving tens of thousands of homes in need of remedial…
Emer MoreauBusiness reporter Getty Images A major lawsuit against five leading carmakers accused of cheating on emissions tests is set to begin at the High Court on Monday. The trial is the latest chapter of what has become known as the “dieselgate” scandal, with the companies facing allegations they used software to allow their cars…
Michael Sheils McNameeBusiness reporter EPA Chancellor Rachel Reeves should avoid “directionless tinkering and half-baked fixes” when trying to boost the government’s tax take in next month’s Budget, a leading think tank has said. Taxes are widely expected to go up in the Budget, with pressure on the chancellor to raise money in order to meet…
Donald Trump’s latest threat to impose an additional 100% tariff on Chinese goods is “a typical example of US double standards”, China’s government has said. A Commerce Ministry spokesperson also said China could introduce its own unspecified “countermeasures” if the US President carries out his threat, adding it was “not afraid” of a possible trade…
Suranjana TewariAsia business correspondent, Tokyo and Peter HoskinsBusiness reporter Reuters Asahi Super Dry is Japan’s most popular beer Only four bottles of Asahi Super Dry beer are left on the shelves of Ben Thai, a cosy restaurant in the Tokyo suburb of Sengawacho. Its owner, Sakaolath Sugizaki, expects to get a few more soon, but…
