[ad_1] 21 minutes agoBy Lora Jones, Business reporter, BBC NewsReuters"Serious" and "determined" are words often used to describe Rachel Reeves, the former Bank of England economist who has become the UK's first female chancellor.But colleagues and friends have suggested that her public persona does not reflect her human side, with a loud laugh and deep love of Beyoncé tracks.In her maiden speech in the House of Commons in 2010, she vowed to
[ad_1] US jobs growth slowed last month although the economy still created more posts than expected, official figures show.Employers added 206,000 jobs in June, although the number of jobs created in May was revised down to 218,000 from the previous estimate of 272,000.The US unemployment rate edged up to 4.1%, while wage growth rose at its slowest for three years.Analysts said the figures could take the US central bank, the
[ad_1] Rachel Reeves has issued a damning assessment of the state of the UK’s finances.The incoming chancellor of the exchequer said she was inheriting a depleted economy from the Conservatives that would create a “challenge” for the new Labour government.“There’s not a huge amount of money there,” Ms Reeves told the BBC. “I know the scale of the challenge I inherit.”Ms Reeves, who will be formally appointed chancellor on Friday
[ad_1] Getty ImagesLabour’s remarkable landslide provides a one-off opportunity to reboot and transform the British economy.The incoming chancellor and prime minister know this, and I have been told that it is what they intend to achieve in office. Rachel Reeves told me she was seeking a “mandate for growth”.They believe that they have won this election with a message of political and economic stability after years of chaos.Liz Truss’ mini-budget
[ad_1] Samsung Electronics expects its profits for the three months to June 2024 to jump 15-fold compared to the same period last year.An artificial intelligence (AI) boom has lifted the prices of advanced chips, driving up the firm's forecast for the second quarter. The South Korean tech giant is the world's largest maker of memory chips, smartphones and televisions.The announcement pushed Samsung shares up more than 2% during early trading
[ad_1] Just nowBy Tom Singleton, Technology reporterGetty ImagesThree decades on from the day it began, it is hard to get your head around the scale of Amazon.Consider its vast warehouse in Dartford, on the outskirts of London. It has millions of stock items, with hundreds of thousands of them bought every day - and it takes two hours from the moment something is ordered, the company says, for it to be picked,
[ad_1] Just nowBy João da Silva, Business reporterGetty ImagesMG owner SAIC is one the car makers hardest hit by the new tariffsThe European Union has raised tariffs on Chinese electric vehicles, as Brussels takes action to protect the bloc's motor industry.The new tariffs on individual manufactures range from 17.4% to 37.6%, which is on top of a 10% duty that was already in place for all electric cars imported from China.This could
[ad_1] It's taken until 2024, but Japan has finally said goodbye to floppy disks.Up until last month, people were still asked to submit documents to the government using the outdated storage devices, with more than 1,000 regulations requiring its use.But these rules have now finally been scrapped, said Digital Minister Taro Kono.In 2021, Mr Kono had "declared war" on floppy disks. On Wednesday, almost three years later, he announced: "We
[ad_1] 28 minutes agoBy Clodagh Stenson, BBC South Investigations • Alex Bish, BBC South East InvestigationsKim RenyardKim Renyard said she had not been fully reimbursed by the parking firm she usedHolidaymakers say they have been left hundreds of pounds out of pocket after using two meet-and-greet car parking firms at Gatwick, the UK's second largest airport.One passenger said she had to get a taxi nearly 150 miles home to Norfolk after Drive Park and Fly
[ad_1] Australian fans of a late morning McDonald's breakfast are having to wake up earlier.The fast food giant has temporarily shortened the hours of its breakfast service in the country by 90 minutes due to an egg shortage caused by a bird flu outbreak.It is currently serving its full breakfast menu only until 10:30am, instead of the usual midday. "Like many retailers, we are carefully managing supply of eggs due
