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Sky News
Elon Musk to move Tesla headquarters from California to Texas
Electric carmaker Tesla is to move its headquarters from California to Texas, chief executive Elon Musk has said.The announcement comes after the billionaire tycoon was embroiled in a row with West Coast politicians over their handling of the coronavirus crisis. Tesla will be the latest in a number of firms, including Hewlett Packard and Toyota, …
Business
Sky News
‘It’s been an utter nightmare’: How rising cost of living is pushing three families to the brink
Sky News is following the lives of three families who all face a difficult winter ahead. With energy and food bills rising, they say they are dreading the next few months.Jackie & Jason Image: Jackie says she was poor before the pandemic and nothing has changed Jackie lives with her partner Jason and their three …
Business
Sky News
Royal Mail launches drive to take on 20,000 seasonal workers – but recruiters across UK face battle
Royal Mail has launched a drive to take on more than 20,000 seasonal workers – just as new figures illustrate how employers are struggling to fill roles.Temporary staff are needed to sort high volumes of parcels, Christmas cards and letters for Royal Mail and its Parcelforce Worldwide arm from late October through to early January. …
Business
Sky News
Saudi-led takeover of Newcastle United approved, Premier League announces
Mike Ashley’s 14-year ownership of Premier League club Newcastle United has come to an end after a Saudi-led consortium completed its £300m takeover of the club.The league has approved the takeover, which was delayed by almost 18 months due to a dispute between beIN Sports and the Saudis over illegal streaming. In a statement, the …
Business
Sky News
One in ten firms passing on higher prices as BoE chief economist says inflation spike worse than expected
Firms are increasingly putting up prices as they pass on soaring costs, according to new figures that are likely to add to fears of a squeeze on household budgets.Data from the Office for National Statistics (ONS) found 10% of businesses increased their prices in early September, up from 8% in mid-August and 4% in late …
Business
Sky News
Number of countries on travel red list slashed to seven with 47 destinations set to be removed
South Africa, Thailand and the Seychelles are among 47 countries being taken off England and Wales’ travel red list as it is slashed to just seven.As of 4am on Monday, 47 countries will be removed from the red list so travellers from those nations will no longer have to quarantine in a government-approved hotel for …
Business
Evening Standard
NatWest faces huge fine over money laundering
NATWEST today pleaded guilty to three accounts of money laundering and can expect a huge fine from watchdogs keen to clamp down against crime.The bank, previously Royal Bank of Scotland admitted that it failed to comply with the rules over a four-year period between November 2012 and June 2016.That’s a blow to Alison Rose, the …
Business
Business Live
The UK’s first carbon neutral potatoes about to hit the shelves
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Business
Business Live
British Steel unveils roadmap to Net Zero with investment pledge in green technology
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Business
Sky News
NatWest awaits ‘very large fine’ after admitting anti-money laundering failures
A court has been told that NatWest faces “a very large fine” after the bank admitted three charges relating to anti-money laundering failures.The case, which concerned “large cash deposits” of £365m into a sole UK customer’s accounts, was the first brought against a bank under money laundering regulations overseen by the Financial Conduct Authority (FCA). …
Business
Sky News
NatWest fined £265m for failing to stop ‘drugs gang’ laundering bin bags stuffed with cash through branches
NatWest has been fined £265m after it admitted a string of anti-money laundering failures related to the activities of a suspected “drugs gang” behind deposits worth hundreds of millions of pounds.Prosecutors told London’s Southwark Crown Court that bags of cash were taken to 50 branches between 2012 and 2016 and deposited into accounts linked to …
Business
Business Live
Strong growth from sole trader to 16-strong team sees town base taken by builder

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