• US Federal Reserve cuts interest rates for second time Link
    BBC Business Wed 18 Sep 2019 18:11

    The US central bank has cut interest rates for the second time since 2008 amid concerns about slowing global growth and trade wars.

    The Federal Reserve lowered the target range for its key interest rate by 0.25%, to between 1.75% and 2%.

    The bank said the cut is aimed at shoring up the US economy, amid increasing "uncertainties" about future growth.

    But the move, which was widely expected, has generated controversy.

    Seven members of the Federal Reserve Open Markets Committee, which sets the rates, voted in favour of the cut.

  • RT @BBCNews: It is universally accepted that we are headed for a world of extreme weather patterns with devastating consequences The gover…
    BBC Business Wed 18 Sep 2019 16:10
  • RT @BBCNews: Your city. Your voice. Your stories. Tell us the stories, from your city, that matter to you #BBCWeAreStokeOnTrent @bbcmtd…
    BBC Business Wed 18 Sep 2019 15:45
  • If the inflation rate for the cost of a litre of petrol is 2% a year, motorists need to spend 2% more at the pump than 12 months earlier And if wages don't keep up with inflation, purchasing power and the standard of living falls Link https://t.co/LN0vFNlx9M
    BBC Business Wed 18 Sep 2019 15:40

    Inflation is the rate at which the prices for goods and services increase.

    It's one of the key measures of financial wellbeing because it affects what consumers can buy for their money. If there is inflation, money doesn't go as far.

  • Inflation is the rate at which the prices for goods and services increase It's one of the key measures of financial wellbeing because it affects what consumers can buy for their money Link https://t.co/jspcwLbYYn
    BBC Business Wed 18 Sep 2019 15:40

    Inflation is the rate at which the prices for goods and services increase.

    It's one of the key measures of financial wellbeing because it affects what consumers can buy for their money. If there is inflation, money doesn't go as far.

  • "I was expected to just get back on the horse and fulfil my pre-dad life at work" Link
    BBC Business Wed 18 Sep 2019 15:30

    Dave Edwards says his son was born screaming and didn't stop for 12 months.

    It was a tough introduction to parenting for the 33-year-old who spent those early days at home on paternity leave. Severely sleep deprived, he returned to his job in human resources five weeks after the birth.

    "I was in a fairly frequent state of worry, worry about my partner at home with a screaming baby. I had a job to do that was quite stressful," the Brisbane, Australia-based father says.

    A few months later he felt the full grip of anxiety and depression take hold.

    Mr Edwards later discovered he was one of the numerous men who suffer from mental illness that arises after the birth of a child.

  • Inflation affects everything from mortgages to the cost of our shopping and the price of train tickets So, what is it and how does it impact us? Link
    BBC Business Wed 18 Sep 2019 15:30

    Inflation is the rate at which the prices for goods and services increase.

    It's one of the key measures of financial wellbeing because it affects what consumers can buy for their money. If there is inflation, money doesn't go as far.

  • India's cabinet has announced a ban on the production, import and sale of electronic cigarettes Link
    BBC Business Wed 18 Sep 2019 15:30

    India's cabinet has announced a ban on the production, import and sale of electronic cigarettes, saying they pose a risk to health.

    An executive order had been approved banning vaping products because of their impact on young people, Finance Minister Nirmala Sitharaman said.

    It is not clear if the order will also prohibit the use of vaping equipment.

    India has more than 100 million adult smokers, making it a huge potential market for e-cigarette companies.

    Vaping - which involves inhaling a mix typically made of nicotine, water, solvents and flavours - is seen as an alternative to smoking which can help you quit, but its impact on health is still not fully known.

  • India's cabinet has announced a ban on the production, import and sale of electronic cigarettes The country has more than 100 million adult smokers, making it a huge potential market for e-cigarette companies Link
    BBC Business Wed 18 Sep 2019 15:25

    India's cabinet has announced a ban on the production, import and sale of electronic cigarettes, saying they pose a risk to health.

    An executive order had been approved banning vaping products because of their impact on young people, Finance Minister Nirmala Sitharaman said.

    It is not clear if the order will also prohibit the use of vaping equipment.

    India has more than 100 million adult smokers, making it a huge potential market for e-cigarette companies.

    Vaping - which involves inhaling a mix typically made of nicotine, water, solvents and flavours - is seen as an alternative to smoking which can help you quit, but its impact on health is still not fully known.

  • The changing nature of pharmaceutical research #WorldBusinessReport Link
    BBC Business Wed 18 Sep 2019 15:20
  • Is clothing rental the secret to making fashion sustainable? ??? #WorldBusinessReport Link
    BBC Business Wed 18 Sep 2019 15:10
  • "Each company promises to offer at least two days per year of paid time off for employees who use buses, trains, boats or carpools to go on holiday, rather than flights or solo car journey" #BBCworklife Link
    BBC Business Wed 18 Sep 2019 15:00

    Neisha Glen is a planner. Six months in advance, she’s already worked out the details of a skiing trip in 2020 in the French Alps. The journey from her London home will involve three trains and a funicular (which is similar to a cable car). One mode of transport it won’t include, for environmental reasons? Flights.

    “It’s not as easy as just jumping on a website and booking a flight and then turning up at the airport,” she admits. While the logistics are a bit trickier, the costs work out to be almost the same, factoring in added fees the airline would levy on ski gear.

  • "We're told that 'we're too brown' or 'we're not brown enough' but Instagram is now giving us an opportunity to take back our culture and play with it" Link
    BBC Business Wed 18 Sep 2019 14:30

    There's a sisterhood emerging on Instagram and it's one made up of young women from around the globe who proudly identify as "brown girls" - but just who are they and what is it that they want?

    "We're told that 'we're too brown' or 'we're not brown enough' but Instagram is now giving us an opportunity to take back our culture and play with it - and that's exactly what we are doing", states Sanjana Nagesh, the founder of BrownGirlGang.

    And with 50,000 followers on her Instagram site alone who are hungry for content created by and for "brown girls", it's clear this Australian has tapped into a growing market.

    "I was scrolling through Instagram and kept discovering women like me doing amazing things, together with a lot of fusion going on where our rich South Asian heritage is being mixed with common pop culture - leading to some amazing creativity. I wanted to show that off."

    A quick glance at her curated database, which attracts followers from...

  • RT @faisalislam: Top retail bosses are this afternoon having what I’ve been told are “clear the air” talks with Government over No deal foo…
    BBC Business Wed 18 Sep 2019 14:20
  • British Airways pilots have called off the next strike in their dispute, which had been scheduled for 27 September Link
    BBC Business Wed 18 Sep 2019 14:15

    British Airways pilots have called off the next strike in their dispute, which had been scheduled for 27 September.

    Last week, a two-day stoppage called by the pilots' union, Balpa, forced BA to cancel almost all its flights.

    The strike followed failed negotiations between the union and the airline over a pay offer of 11.5% over three years.

    Balpa said the strikes on 9 and 10 September had demonstrated the anger and resolve of pilots.

    It was now time for a period of reflection before the dispute "escalates further and irreparable damage is done to the brand", the union said.

  • British Airways pilots call off next week's strike Link
    BBC Business Wed 18 Sep 2019 14:10

    British Airways pilots have called off the next strike in their dispute, which had been scheduled for 27 September.

    Last week, a two-day stoppage called by the pilots' union, Balpa, forced BA to cancel almost all its flights.

    The strike followed failed negotiations between the union and the airline over a pay offer of 11.5% over three years.

    Balpa said the strikes on 9 and 10 September had demonstrated the anger and resolve of pilots.

    It was now time for a period of reflection before the dispute "escalates further and irreparable damage is done to the brand", the union said.

  • Albemarle and Bond: Staffing has been boosted on a heavily-criticised helpline aimed at assisting customers of struggling pawnbroker Link
    BBC Business Wed 18 Sep 2019 14:00

    Staffing has been boosted on a heavily-criticised helpline aimed at assisting customers of struggling pawnbroker Albemarle and Bond.

    Owner Speedloan Finance said it had doubled phone lines and staff responding to emails from worried customers.

    All of its 116 stores were closed last week owing to "significant losses".

    It has been suggested only 10 or 15 people had been working in the company's contact centre.

    The company had employed nearly 400 staff in its network of branches, most of whom have been offered redundancy or face consultation over their jobs.

  • Albemarle and Bond helpline 'improved' Link
    BBC Business Wed 18 Sep 2019 13:50

    Staffing has been boosted on a heavily-criticised helpline aimed at assisting customers of struggling pawnbroker Albemarle and Bond.

    Owner Speedloan Finance said it had doubled phone lines and staff responding to emails from worried customers.

    All of its 116 stores were closed last week owing to "significant losses".

    It has been suggested only 10 or 15 people had been working in the company's contact centre.

    The company had employed nearly 400 staff in its network of branches, most of whom have been offered redundancy or face consultation over their jobs.

  • Viewpoint: Environment activist and author Mark Lynas explores how our planet could be impacted by an extra 0.5C rise in temperature #BBCEnergyBriefing via @bbcideas Link https://t.co/zAFp85ddsc
    BBC Business Wed 18 Sep 2019 13:50
  • Retailers to tackle Gove over Brexit food claims Link
    BBC Business Wed 18 Sep 2019 13:30

    Top retailers are holding what some describe as "clear-the-air" talks with government after a recent row over the impact of no-deal Brexit on the supply of fresh food in particular.

    The meeting is the result of a demand from some chief executives to meet the prime minister.

    Earlier this month, Michael Gove, his minister in charge of no-deal preparations, told the BBC: "Everyone will have the food they need" and "no, there will be no shortages of fresh food."

    That last point was condemned immediately by the industry group, the British Retail Consortium, as "categorically untrue".

    Indeed, the government's internal Yellowhammer no-deal document from last month, obliged to be published by the Commons before it was suspended, clearly states its reasonable worst-case planning assumption that "certain types of fresh food supply will decrease".

  • ?????? "We knew we needed to find somewhere majestic, with pristine coasts, forests, and mountains" Link
    BBC Business Wed 18 Sep 2019 13:15

    New Zealand is poised for another Middle-earth-tied economic boost after Amazon Studios picked the country as the location for its much-anticipated Lord of the Rings television series.

    The show is widely tipped to be the most expensive ever made, at a cost of at least $1bn (£801m).

    The Amazon unit wants to tap the huge success of the Lord of the Rings film trilogy, also shot in New Zealand.

    The franchise delivered a boost to the country's tourism and jobs.

    Amazon Studios, which bought the rights to the television series two years ago, said the new adaptation will explore fresh storylines preceding J.R.R. Tolkien's classic The Fellowship of the Ring.

  • "We do this in the spirit of transparency... we know we're not perfect" Link
    BBC Business Wed 18 Sep 2019 13:05

    In 2015, residential developer Charles Goodall bought a derelict pub called Bridge Inn in Middleton-in-Teesdale, a small market town in Durham, hoping to turn it into some houses.

    The pub hadn't been open for business since 2011, but on TripAdvisor, curiously people posted reviews for three years from 2014 to 2016, claiming to have had Sunday roasts and experienced poor service while doing so.

    "We were looking for old photos of the pub on Google and the reviews came up. We found it quite funny," Mr Goodall, managing director of New Era Regeneration, told the BBC.

    "I did contact TripAdvisor on their website and advised them that the reviews were impossible as the pub wasn't trading and they were slow to respond."

    The reviews are still on the TripAdvisor website, but earlier this year the page was finally changed to show that the Bridge Inn is now closed.

  • "The economy was front and centre in people's narratives and stories" How economies spring up in extreme places from refugee camps to prisons #BusinessDaily ? Link
    BBC Business Wed 18 Sep 2019 12:10
  • Why does Fed policy matter for the rest of the world? @andrewwalker167 explains ? Link
    BBC Business Wed 18 Sep 2019 12:00

    The Federal Reserve, the US central bank, is expected to cut its main interest rates at a meeting in Washington on Wednesday.

    If it does, the aim will be to stimulate the US economy and get inflation closer to the Fed's target of 2%. But it will have ramifications far beyond US shores.

  • RT @BBCNews: The average UK household is using less and less energy each year ? ? But, why? [Tap to expand] #BBCEnergyBriefing https://…
    BBC Business Wed 18 Sep 2019 11:55
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