BBC News7 hours agoBike seller Peloton and meditation app Calm cut jobsbbc.co.uk - BBC NewsUS-based meditation app Calm has axed 20% of its workforce, becoming the latest US tech company to announce job cuts. The firm did not elaborate on the reason for the cuts, which affect about 90 people from its 400-person staff. The tech sector generally is under pressure from investors to rein in …
BBC News10 hours agoCo-op latest store to stop selling disposable barbecuesbbc.co.uk - BBC NewsCo-op is to temporarily stop selling disposable barbecues in all its stores because of the heatwave. It joins other supermarket chains, including Morrisons, Sainsbury's and Tesco, which have dropped the product during the current dry weather. Fire brigades have warned of the risk of blazes in …
BBC News11 hours agoUK economy shrinks as outlook on recession darkensbbc.co.uk - By Noor NanjiThe UK economy shrank between April and June as experts forecast a gloomy outlook with recession on the horizon. The economy contracted by 0.1% in the second quarter of the year, the Office for National Statistics (ONS) said. This was partly due to Covid schemes like Test and Trace ending, retail …
BBC News19 hours agoGovernment proposes more help for energy-intensive firmsbbc.co.uk - By Lucy HookerThe government is considering a plan to provide more help to energy-intensive industries in the face of soaring electricity prices. The proposal could mean lower energy bills for firms in the steel, paper, glass, ceramics, and cement sectors. In April, the government expanded its support for firms …
BBC News20 hours agoArgentina rate hiked to 69.5% as inflation hits 20-year highbbc.co.uk - By Peter HoskinsArgentina's central bank has raised its main rate of interest to 69.5% as it tries to contain soaring inflation. The bank put up its 28-day benchmark rate by 9.5% percentage points, its second hike in as many weeks. It comes as new figures showed inflation in the country had hit a 20-year high of …
BBC News22 hours agoLee Jae-yong: Why South Korea just pardoned the Samsung 'prince'bbc.co.uk - By Frances MaoSamsung heir Lee Jae-yong - convicted of bribery and embezzlement in 2017 - has been granted a special presidential pardon. One of South Korea's most powerful white collar criminals, Lee was twice imprisoned for bribing a former president. South Korea's government justified the move, saying the …
