Business

Voters are being taken for fools on the economy

[ad_1] Getty ImagesTowering over the many hundreds of pages of promises, plans, strategies and spreadsheet costings in these general election manifestos is a single word: credibility.One of the big areas where the credibility question has been raised is over taxes. There is an uneasy consensus among the two main parties that the next chancellor will not raise the main rates of income tax, national insurance, VAT or corporation tax.But these
Business

Post Office sabotaged Horizon probe, says investigator

[ad_1] 5 minutes agoBy Tom Espiner, BBC business reporterPost Office Horizon IT inquiryThe Post Office was "constantly sabotaging" the work of independent investigators probing issues with the Horizon IT system, an inquiry has heard.Forensic accountant Ian Henderson said the Post Office unjustifiably withheld documents from his company, Second Sight, which was brought in to investigate the software in 2012. He said protecting the Post Office brand was the priority, rather than supporting
Business

Computers built like brains could be a ‘competition killer’?

[ad_1] 5 minutes agoBy Zoe Corbyn, Technology ReporterGetty ImagesElectricity demand from data centres is rising fastModern computing's appetite for electricity is increasing at an alarming rate.By 2026 consumption by data centres, artificial intelligence (AI) and cryptocurrency could be as much as double 2022 levels, according to a recent report from the International Energy Agency (IEA).It estimates that in 2026 energy consumption by those three sectors could be roughly equivalent to Japan's annual
Business

Low investment blocking UK growth, says think tank

[ad_1] Investment levels in the UK remain among the worst of the world's richest nations and unless they improve it is hard to see how the economy will grow, a think tank has said.The Institute for Public Policy Research (IPPR) said total investment in the UK is "significantly" behind the nearest competitor in the G7 group of wealthy nations.However, the centre-left think tank said both the Conservatives and Labour plan
Business

Boeing boss Dave Calhoun admits culture ‘far from perfect’

[ad_1] Boeing's chief executive Dave Calhoun will tell US lawmakers on Tuesday that he understands concerns about its safety culture after a mid-air emergency in January raised alarm.In prepared remarks ahead of the US Senate sub-committee hearing, he said: "Our culture is far from perfect, but we are taking action and making progress. We understand the gravity."The company has been in the spotlight since an unused door fell off a
Business

Adobe accused by US government of ‘trapping subscribers’

[ad_1] The US government has sued software giant Adobe, accusing it of violating consumer protection laws with "hidden" termination fees and a convoluted cancellation process.The Federal Trade Commission (FTC) said the firm had failed to clearly disclose its terms to customers, including the year-long length of a subscription and charges that would be triggered for cancelling early.In its complaint, the agency said Adobe had refused to modify its behaviour because
Business

Green energy plan ‘won’t benefit’ Welsh valley residents

[ad_1] 2 hours agoBy Colletta Smith, Cost of Living correspondentBBCDina Smith is worried about what future generations will say about pylons in Wales' green valleysFrom the end of Dina Smith’s driveway, there is green as far as the eye can see. Sunlight touches the rolling hills and moorland peaks."Just look at it," she says as we take it all in. "This is beautiful, untouched Mid Wales."But this could all change if plans
Business

Aer Lingus pilots move closer to strike action

[ad_1] Aer Lingus pilots have moved closer to a possible strike after voting overwhelmingly in favour of industrial action.Pilots who are members of the Irish Airline Pilots' Association (IALPA) voted 99% in support of action, up to and including a strike. The pilots are in dispute with the airline over pay.The IALPA president told BBC Radio Ulster's Evening Extra programme that a strike this summer is "not inevitable". The next
Business

London Stock Exchange becomes Europe’s largest stock market again

[ad_1] The UK’s main stock market retook its crown as Europe’s most valuable for the first time in nearly two years, data shows.The total value of companies listed on the London Stock Exchange (LSE) hit $3.18tn on Monday, overtaking the $3.13tn total value of companies listed in Paris, according to Bloomberg data.Both valuations have shifted since and remain close, but analysts describe it as a milestone.They say the French market
Business

US surgeon general wants social media warning label

[ad_1] 11 minutes agoBy Tom Gerken, Technology reporterGetty ImagesOne of America's most senior health officials has called on the country to impose smoking-style warning labels on social media platforms.Writing in the New York Times, Surgeon General Vivek Murthy said social media increased the risk that children would experience symptoms of anxiety and depression.He wants people who visit these platforms to be shown a message warning that they are "associated with significant mental