The US economy added fewer jobs than expected in August as employment rose by 235,000. The figure was well down on the 1.05 million jobs created in July, adding to fears that the recovery from the pandemic may be running out of steam. Despite the disappointing hiring levels, the unemployment rate fell to 5.2% in […]
By Oliver Smith Business reporter, BBC News Brexit Food manufacturing in the UK is under such strain due to staff shortages that some production may have to move out of the country, a retail group has said. Andrew Opie from the British Retail Consortium (BRC) said shortages of HGV drivers and other supply chain staff […]
Apple chief executive Tim Cook has received more than five million shares in the technology giant, as he marks ten years in the job. A company filing with the US Securities and Exchange Commission (SEC) watchdog shows that he sold most of the shares for more than $750m (£550m). It is part of a deal […]
The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban’s takeover will affect “the country’s development prospects, especially for women”. The move comes just days after the International Monetary Fund (IMF) suspended payments to Afghanistan. The Biden administration has also […]
Toyota is to slash worldwide vehicle production by 40% in September because of the global microchip shortage. The world’s biggest carmaker had planned to make almost 900,000 cars next month, but has now reduced that to 540,000 vehicles. Volkswagen, the world’s second-biggest car producer, has warned it may also be forced to cut output further. […]
Technology giant Amazon’s TV and film business is moving production of its multi-million dollar Lord of the Rings series to the UK from New Zealand. The as-yet-untitled fantasy epic is set thousands of years before the events in JRR Tolkien’s books The Hobbit and The Lord of the Rings. The company said the move was […]
By Joe Tidy Cyber security reporter, BBC News A hacker who stole just over $600m (£433m) worth of cryptocurrency has now returned most of the stolen assets. On Thursday, Poly Network confirmed on Twitter that $268m worth of Ether tokens had now been recovered. Over the last 24 hours, the hacker has returned $342m worth of tokens […]
By Mary-Ann Russon Business reporter, BBC News The hacker behind one of the largest ever cryptocurrency heists has returned almost half of the $600m (£433m) stolen assets. Yesterday, blockchain platform Poly Network wrote a letter on Twitter, asking the individual to get in touch “to work out a solution”. The website said the amount of money […]
TikTok was the world’s most downloaded app in 2020 as it took the top spot from Facebook Messenger, according to digital analytics company App Annie. The Chinese video-sharing platform is the only app not owned by Facebook to make the global top five of downloads. In its home country, TikTok’s owner ByteDance also holds […]
Amazon has told its US corporate staff not to return to the office until next year as Covid continues to spread. The online shopping giant previously asked staff to work from home until 7 September, but will now extend this until 3 January 2022. It comes as new Covid infections surge across America, with with […]
