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Business News From BBC

US debt ceiling: Democrats and Republicans agree deal in principle, Joe Biden says
The White House and the Republicans are now ironing out details of a bill to avert a massive default.

Post Office used racist terms for sub-postmasters in official guidance
A document shows racist language was used to describe sub-postmasters being wrongly investigated.

Mortgage rates rise after inflation surprise
The increase in mortgage costs come as markets digest higher than expected inflation figures.

Twitter pulls out of voluntary EU disinformation code
"You can run but you can't hide," commissioner Thierry Breton warns Twitter over upcoming rules.

JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties
Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship.

Sainsbury’s boss: We are not profiting from high prices
Supermarkets have been accused of "greedflation" - putting prices up to bolster profits.

When will we start seeing energy bill deals again?
With bills set to drop from July, fixed deals could be due to make a comeback, say experts.

British Airways cancels dozens of Heathrow flights after IT problem
Thousands of people have had their plans upended as disruption at Heathrow continues for a second day.

Cadbury Flake too crumbly for 99s, say ice cream sellers
Cadbury Flake makers' Mondelēz International say action is being taken to address the crumbly issue.

Nvidia: The chip maker that became an AI superpower
Innovation and good timing combined to make California's Nvidia the dominant firm for AI computer chips.

Kevin McCarthy confident of US debt ceiling deal by 5 June deadline
With an extended deadline, talks on a deal to avoid a US default appear to drag on in Washington.

Ovo Energy customers hit with 'horror' bills of up to £116k
A number of customers claim their usage has been miscalculated by the energy giant.

ChatGPT-maker U-turns on threat to leave EU over AI law
OpenAI's Sam Altman previously said if it fails to comply with the forthcoming AI Act, it might exit the EU.

Twitter engineering boss Foad Dabiri quits day after DeSantis launch glitches
Ron DeSantis' launch of his White House presidential campaign was hit by technical problems.

First Republic: 1,000 jobs cut by new owner JP Morgan
It comes after First Citizens, which bought the US operations of another troubled lender, announced job cuts.

Neuralink: Elon Musk's brain chip firm wins US approval for human study
The billionaire's Neuralink implant company wants to help restore people's vision and mobility.

Energy bills set to stay high despite price cap cut
Households will see bills fall in July, but experts say costs will remain far higher than two years ago.

Pets at Home chain plans to open 40 new stores
The chain said the rise in home working was inspiring more people to buy pets.

Germany falls into recession as inflation hits economy
Rising prices have dampened demand from households and businesses in Europe's largest economy.

Suez Canal: Bulk carrier refloated after running aground
In March 2021, one of the largest container ships in the world blocked the canal for six days.

Is the spike in strike action here to stay?
BBC economics editor Faisal Islam asks whether a historic surge in industrial action is likely to persist.

South Africa load-shedding: The roots of Eskom's power problem
How corruption backed by a criminal network have led to South Africa's worst-ever power cuts.

ChatGPT: Can China overtake the US in the AI marathon?
Washington's efforts to limit China's access to crucial cutting-edge technology continue.

Why car parks are the hottest space in solar power
Car parks are a good place for solar panels, providing shade and electricity where it is needed.

Camden leaseholders: 'My £850,000 newbuild flat is now worthless'
Residents say their "futures have been stolen" after their new flats are deemed not fit for purpose.

Why food bills aren't shrinking - five things to know
Prices in the shops remain much higher than a year ago, despite falls in energy and food costs.

Mike Ashley thinks luxury Flannels shops 'bonkers', says boss
Michael Murray says his father-in-law can't understand why people spend so much on luxury fashion.

Will a Russian diamond ban be effective?
Countries in the G7 bloc want to be able to trace the gemstones to block Russian exports.

Elizabeth Holmes: Inside the routine at the Federal Prison Camp in Bryan, Texas
Here's what we know about the Federal Prison Camp in Bryan, Texas, where Holmes is likely to be sent.

'We are selling a product that we hope gets discontinued'
The firms aiming to help eradicate invasive species by making commercial use of them.

Why Bud Light and Disney are under attack from conservatives
Conservatives say their fights against "woke" corporations are paying off.

Asia is spending big to battle low birth rates - will it work?
Governments in the region are spending hundreds of billions of dollars trying to reverse the trend.

How computer games encourage kids to spend cash
Many parents are frustrated with games that encourage children to spend money to advance.

'Doomsday': Singapore renters sound the alarm as prices surge
The surge in rent has become a major issue in the South East Asian country.

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