Business

Inflation rises to 2.3% in October after energy bills rise

[ad_1] UK inflation jumped last month in part due to rising energy prices, official figures show.The inflation rate, which measures price changes over time, hit 2.3% in the year to October, an increase from 1.7% in September.Annual gas and electricity bills rose by about £149 last month, but prices are rising much more slowly than in recent years.However, the rate, which is closely monitored to determine interest rates, is now
Business

Jaguar unveils new logo and branding ahead of electric-only future

[ad_1] Luxury car manufacturer Jaguar has unveiled a new logo and branding ahead of its relaunch as an electric-only brand.The British vehicle maker, owned by Tata Motors, will launch three new electric cars in 2026, having taken new cars off sale more than a year ago to focus on reinventing the brand.As part of its rebrand, Jaguar revealed a brand new logo on Tuesday, alongside a new prancing "leaper" cat
Business

Trump to name Howard Lutnick to lead Commerce Department

[ad_1] ReutersDonald Trump is expected to name investor Howard Lutnick, the co-chair of his transition team, to lead the US commerce department, according to CBS News, the BBC's US partner.If confirmed, Lutnick would oversee a department that helps boost domestic manufacturing and US companies.It is often a key player in areas where business and national security interests collide, such as restricting technology exports to China or enacting tariffs to protect
Business

Mulberry cuts jobs in Somerset in ‘rebuild’ after sales plunge

[ad_1] PAThe fashion brand said it is completing an internal review, with the aim of creating a "leaner" operationThe boss of luxury retail company Mulberry says he needs to "rebuild the business", after sales dropped by almost a fifth in the past six months.The Somerset-based designer company told shareholders group revenues fell by 19% to £56.1m in the six months prior to 28 September.It added sales were challenging in the
Business

Google reacts angrily to report it will have to sell Chrome

[ad_1] ReutersGoogle has said it would harm consumers and businesses if it is forced to sell Chrome, the world's most popular web browser.The US Department of Justice (DOJ) will propose the measure to a judge on Wednesday, Bloomberg has reported.Judge Amit Mehta ruled Google operates an online search monopoly in August, and has been considering what remedies or penalties to impose.The DOJ has not commented on the report - but
Business

‘Holiday lets are pricing us out of homes’

[ad_1] BBCDee Goddard says she is at the point of "giving up" finding a family home in the Derbyshire Dales The Derbyshire Dales takes up much of the Peak District National Park, and sits near four major UK cities - Manchester, Sheffield, Derby and Nottingham.Due to its prime location and natural beauty, it has become a popular spot for families, visitors and tourists alike - particularly since the coronavirus pandemic
Business

Popular weight-loss drug Wegovy goes on sale in China

[ad_1] Novo Nordisk has launched its weight-loss drug Wegovy in China after it was approved by local health authorities in June.It is set to intensify competition with rival Eli Lilly, whose popular weight-loss treatment also got the green light months ago but has yet to go on sale in the world's second largest pharmaceutical market.More than 180 million people live with obesity in China. According to Chinese business news website
Business

Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

[ad_1] High Street job losses are "inevitable", prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning.Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures.In a letter to Chancellor Rachel Reeves, they said the "cumulative burden" of the
Business

Chocolate makers stoke boom for Indian cocoa beans

[ad_1] George MatthewGeorge Matthew moved into cocoa production to keep his farm goingIf it hadn't been for the squirrels, George Matthew's attempt to become a cocoa bean producer might have failed.His farming career began in the 1970s when he inherited a rubber plantation in the the southern Indian state of Kerala , which he managed alongside his career as a doctor. It was a bad time to inherit a rubber