Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). Simply put, it is “any activity or enterprise entered into for profit. It does not mean it is a company, a corporation
Archie MitchellBusiness reporter Getty Images Adverts by four of Britain’s biggest hotel and travel firms have been banned for stating misleading minimum prices for rooms. The Advertising Standards Authority (ASA) upheld complaints against the Hilton hotel group, Travelodge, Booking.com and Accor over their use of eye-catching so-called “from” prices. The watchdog found only a small … Read more
Hewlett Packard (HP) is seeking $1.7bn (£1.3bn) from the estate of Mike Lynch – who died last year when his yacht sank – over HP’s acquisition of his firm Autonomy, the tech giant’s lawyers have told the High Court. HP, now known as Hewlett-Packard Enterprise (HPE), bought Mr Lynch’s tech firm Autonomy in 2011, but … Read more
Simon JackBusiness editor Reuters A rescue proposal by lenders to Thames Water has been criticised by other potential bidders, frustrated to have been frozen out of talks on the future of the UK’s biggest water utility. Thames Water is running out of money and is living on an emergency lifeline from the group of lenders … Read more
A number of high-profile websites, including X and ChatGPT, went down for many on Tuesday, due to problems affecting major internet infrastructure firm, Cloudflare. Thousands of users began reporting issues with the sites, as well as other services, to outage monitoring site Downdetector shortly after 11:30 GMT. Cloudflare said the “significant outage” occurred after a … Read more
Customers with bank accounts in the UK will see a significant increase in the amount of money that is protected if their bank or building society collapses. The deposit protection scheme means customers can currently claim back the first £85,000 of their money. But from December that will rise to £120,000. The move, confirmed by … Read more
Archie MitchellBusiness reporter PA Media Household energy bills are expected to fall slightly in the new year, according to consultancy Cornwall Insight. The forecaster, widely respected for the accuracy of its predictions, expects homes using a typical amount of gas and electricity will pay £1,733 from January. That would be a decrease of £22 per … Read more
Investigations have been opened into eight companies, including ticket resellers and driving schools, by the UK’s competition regulator as part of a review of online pricing practices. The cases are the first launched by the Competition and Markets Authority (CMA) under new consumer protection powers. The companies being investigated are StubHub, Viagogo, AA Driving School, … Read more
People living in Boston who are concerned about heating their homes during the winter are being given the chance to access support and advice. Boston Borough Council said its home energy advice and retrofit team will holding a Beat your Winter Worries clinic at Centenary Methodist Church. Councillor Claire Rylott said: “This could be the … Read more
Faisal Islam,Economics editor and Rachel Clun,Business reporter Getty Images People should not “blindly trust” everything AI tools tell them, the boss of Google’s parent company Alphabet told the BBC. In an exclusive interview, chief executive Sundar Pichai said that AI models are “prone to errors” and urged people to use them alongside other tools. Mr … Read more
The releases of at least two popular Japanese films have been postponed in China as the countries are locked in a dispute over Prime Minister Sanae Takaichi’s remarks about Taiwan. The delayed releases include Cells at Work! and Crayon Shin-chan the Movie: Super Hot! The Spicy Kasukabe Dancers, Chinese state media CCTV said. It did … Read more