Category Archives: Business

Falsely labelled ‘organic’ products rife on Australian shelves, shoppers warned

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Organic farmers sound alarm about greenwashing amid push to introduce national domestic standard

Organic farmers and retailers have warned that Australians are being misled by producers who engage in a form of greenwashing by falsely labelling their products “organic”.

Australian consumers may be happy to pay higher prices for meat, cheese, cosmetics and other goods marked “organic” but producers can use the term without meeting any particular standards or being certified.

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UK can be ‘AI sweet spot’: Starmer’s tech minister on regulation, Musk, and free speech

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Technology secretary Peter Kyle has the task of making Britain a leading player in the AI revolution, but says economic growth will not come at the cost of online safety

With the NHS still struggling, a prisons crisis still teetering and Britain’s borrowing costs soaring, there are few easy jobs going in Keir Starmer’s cabinet at present.

But even in such difficult times, the task of convincing Silicon Valley’s finest to help make Britain a leader in the artificial intelligence (AI) revolution – all while one leading tech boss uses the Labour government as a regular punching bag and others ostentatiously move closer to Donald Trump – is among the most challenging.

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‘So immoral’: gig economy workers forced to pay fee to receive their wages

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Retail assistants on low pay using YoungOnes platform docked cash or told to wait up to 30 days for earnings

Retail assistants have accused a gig economy firm of “holding them to ransom” by making them pay a fee if they want to receive their wages within a month.

A new payment system brought in by YoungOnes, which supplies “freelance” retail assistants to many well-known high street stores, charges gig workers 4.8% of their earnings to be paid in one minute or 2.9% to be paid in three days. If they decline, they typically have to wait 30 days. Previously the workers were paid in three days, without a charge.

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Rail passengers face disruption from Avanti strikes every Sunday until June

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Train managers on west coast mainline to take action from 12 January to 25 May in dispute over rest-day working

Passengers on Great Britain’s west coast mainline have been warned of disruption to Avanti services on every Sunday from this weekend to the end of May.

Train managers represented by the the National Union of Rail, Maritime and Transport Workers (RMT) have said they will strike on every Sunday from 12 January to 25 May 2025, in a dispute over their pay for working on rest days.

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JP Morgan Chase requires all workers to return to office five days a week

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Executives acknowledge ‘not everyone will agree with this decision’ as bank calls time on remote and hybrid working

JPMorgan Chase is summoning all staff back to the office, becoming the latest corporate giant to call time on era of remote and hybrid working sparked by the Covid-19 pandemic.

The US’s largest bank, which has some 316,000 employees worldwide, announced on Friday that all workers on hybrid work schedules will be required to return to the office five days a week from March.

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Visa-waiver system could overwhelm UK immigration services, law firm warns

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There are also fears electronic travel authorisation will threaten post-peace tourism sector in Northern Ireland

The UK Home Office’s already burdened immigration services could be overwhelmed this summer when a new visa-waiver system comes into force for European business travellers and tourists in April, a leading law firm has said.

There have also been fresh warnings that the electronic travel authorisation (ETA) requirements could threaten the post-peace tourism sector in Northern Ireland, with Americans and Europeans travelling to Dublin and beyond deciding not to bother crossing the border because of the red tape.

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UK music industry hails proposals to crack down on ticket touting

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Resale prices could be capped at 30% over face value, while resale websites face greater legal obligations

The price at which tickets for live events can be resold is to be capped under “gamechanging” proposals put forward by the government to crack down on touting in the sector.

In a move hailed by music industry figures, the culture minister, Lisa Nandy, has launched a consultation that she said would end the “misery” of fans being exploited by touts, some of whom have made huge profits by selling hundreds of tickets a year.

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Lego links up with TV hit Bluey for toy sets to be launched this year

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Partnership ‘a long time coming’ and is latest expansion of Australian-made animated series

The global hit children’s TV show Bluey is to make its Lego debut with the first sets due to hit shelves later this year.

The world of Bluey, which has proved such a small-screen hit a film is to be made for global release in 2027, is to be brought to life in plastic brick form with six sets to be revealed this spring before going on sale later this year.

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Pound falls to 14-month low as bond sell-off piles pressure on Rachel Reeves

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UK borrowing costs rise again, with analyst warning ‘things are also getting rather ugly’

The pound has fallen to a 14-month low against the US dollar as the sell-off in the bond market fuelled investors’ anxiety over UK assets and piled further pressure on the chancellor, Rachel Reeves.

As the bond sell-off gathered steam, sterling lost a cent against the US dollar, extending recent losses, falling to about $1.226.

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Tesco enjoys ‘biggest ever Christmas’ as shoppers switch from rivals

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Supermarket now controls 28.5% of grocery market, with sales at UK stores up 4% in six weeks to 4 January

Tesco has recorded its “biggest ever Christmas”, with the UK’s largest supermarket chain landing its biggest share of the festive shopping trolley since 2016.

Sales at established UK stores rose 4% in the six weeks to 4 January, with fresh food performing particularly strongly and clothing and homeware sales also up.

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Rachel Reeves heads to China to build bridges, but a new golden era of relations is impossible

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Seeking business partners post-Brexit is sound policy, but even in these darker geopolitical times the UK will ultimately side with the US

Rachel Reeves will fly with a delegation of City grandees to China this week as Labour seeks closer economic links with Beijing as part of its quest for growth.

With the outlook increasingly rocky at home after a run of soft economic data, the chancellor is sorely in need of a positive story to tell.

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City regulator vows to ease ‘burden’ on UK banks amid government pressure

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Bank of England says it is rowing back on ‘overcooked’ regulations introduced after financial crisis

The Bank of England plans to slash the “reporting burden” on UK banks and allow insurers to make riskier investments without initial approval, as it comes under government pressure to ease regulations introduced after the financial crisis.

Sam Woods, a deputy governor at the Bank who leads its regulatory arm, the Prudential Regulation Authority (PRA), said the central bank had rowed back on rules that appeared to be “overcooked”, as he suggested it might have gone too far and harmed the financial sector.

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Australia news live: Dreyfus to spend a week in Israel, PM says; SA police shoot man dead during mental health incident

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Follow today’s news live

The Nationals leader, David Littleproud, says “the firing gun has started” for this year’s federal election, which he predicts will be in March or April.

Speaking to ABC News Breakfast just earlier, he said he doesn’t think the government will deliver a budget this year:

I think we’re all ready for it. I think it will be in March, April, I don’t think they’ll do a budget, they don’t want to remind the Australian people with the sea of red ink in the budget. That’s my punt.

This road is of national significance but it’s also one of the most dangerous in our country. And I think it just needs a commitment, and we’re glad to see the government has finally adopted that, one we had, and one the state government can now get on with the job of delivering.

Labor can make up all the nonsense they like. They’re desperate. I mean, this is a government that’s been on the back foot, that got things wrong, that is sending Australians on a pathway to poverty, not a pathway to prosperity. And so they’re in a state of desperation, saying these sorts of things.

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UK retailers may have to cut thousands of jobs after bleak Christmas

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British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

Britain’s largest retailers are warning they could be forced to cut thousands of jobs this year as the industry braces for higher taxes and employment costs after a bleak Christmas shopping season.

In the latest sign of tough trading conditions on the high street, figures from the British Retail Consortium (BRC) show sales growth over the “golden quarter” between October and December came close to flatlining.

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McDonald’s rolls back DEI programs, ending push for greater diversity

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Fast-food company decides to scale back plans after 2023 US supreme court ruling and conservative backlash to DEI

Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a US supreme court decision that outlawed affirmative action in college admissions.

McDonald’s is the latest big company to shift its tactics in the wake of the 2023 ruling and a conservative backlash against diversity, equity and inclusion programs. Walmart, John Deere, Harley-Davidson and others rolled back their DEI initiatives last year.

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Bus services cut disproportionately in deprived areas of England, study finds

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Most deprived areas suffer ten-fold bigger reduction, which in turn exacerbates deprivation

People living in deprived areas of England have suffered disproportionately larger cuts to bus services, according research by a leading thinktank.

The analysis by IPPR North found that cuts to services in England had been felt the most in “left-behind neighbourhoods”.

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China’s yuan hits 16-month low amid fears over Trump tariffs

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CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September

China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency.

The tightly controlled yuan reached 7.3301 per US dollar, its weakest level since September 2023. It has routinely hit multi-month lows since Trump won the US election, promising massive tariffs on Chinese imports.

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UK cut health aid to vulnerable nations while hiring their nurses, research finds

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Royal College of Nursing says Labour has a duty to fix health ‘double whammy’ by raising aid and funding for UK nursing

The UK cut health aid to some of the world’s vulnerable countries at the same time as recruiting thousands of their nurses, in a “double whammy” for fragile health systems, new analysis has found.

The Royal College of Nursing (RCN), which carried out the research, said Labour had a “duty to fix” aid cuts imposed by the previous government, and to work on increasing the UK’s domestic supply of nurses.

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Give working parents help with childcare and commuting costs, UK thinktank says

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Child poverty plan must address the 70% of families with at least one parent in work, Resolution Foundation says

Labour must offer extra support to working parents, including with childcare and commuting, if it is to fulfil its promise of cutting child poverty, the Resolution Foundation thinktank has argued.

The government’s manifesto promised an “ambitious strategy” on child poverty, and ministers have said they will publish a 10-year plan in the spring.

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Ripe for the picking? Irish wine on the up – but ‘nobody will retire rich’

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Global heating has made conditions more favourable for growing grapes – and finding the right variety is key

Heard the one about Irish wine? Like its English counterpart, it is no longer a joke, with more than a dozen vineyards now producing bottles to emulate those of the terroirs of France, Spain and Italy.

At about €60 (£50) a bottle and produced in small quantities, it is far from a commercial activity, but efforts over the last 10 years have produced what one retailer described as an “arguably very fine” rosé.

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