China ‘plans to ban’ US IPOs for data-heavy tech firms – business live

[ad_1] Rolling coverage of the latest economic and financial news WSJ: China may ban companies with large amounts of sensitive consumer data from US floats New rules could thwart China tech firms from listing in the U.S. Markets await Jackson Hole symposium Furlough ‘cliff edge’ at Liberty Steel could put jobs at risk 9.07am BST … Read more

UK labour shortage hits consumer firms, as car production tumbles – business live | Business

[ad_1] Photograph: Andy Rain/EPA Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The UK supply chain shortage continues to grip the economy, with consumer-facing companies grow more worried about the economic outlook as they struggle to find workers… and car production slumps. Firms such … Read more

Iceland boss: Christmas at risk from HGV driver shortages and supply chain crisis – business live | Business

[ad_1] Iceland managing director, Richard Walker Photograph: Iceland/PA Christmas is at risk from the supply chain crisis unless the government adds HGV drivers to its skilled worker list quickly, the managing director of supermarket chain Iceland has warned this morning. Speaking on Radio 4’s Today programme, Richard Walker explains that the UK faces “big shortages” … Read more

How can companies cut the UK’s class pay gap? | Guardian sustainable business

[ad_1] It’s no surprise that social class can affect your life chances, but recently the education secretary highlighted the problem with a stark statistic. Children who show signs of low academic ability at the age of five, but who come from high-income families, are 35% more likely to become high earners than those who show … Read more

Surviving as a Black business owner isn’t easy, but there are resources to help | Gene Marks

[ad_1] If you are a Black business owner then there’s no question that the recent economic downturn has likely been especially hard for you. Just look at the numbers. A National Bureau of Economic Research study found that the number of Black-owned businesses fell by 41% during the first few months of the pandemic. A … Read more

Green groups raise oil and gas clean-up fears as Woodside takes over BHP assets | Business

[ad_1] Woodside Petroleum has not given a guarantee it will pay for billions of dollars in decommissioning and remediation costs linked to a portfolio of oil and gas fields it has agreed to take over from BHP. Green groups say Woodside lacks credibility in paying for clean-ups after selling a floating rig, Northern Endeavour, for … Read more

UK house sales slide after stamp duty holiday cut; FTSE 250 at new high – business live

[ad_1] Rolling coverage of the latest economic and financial news FTSE 250 index ends at new high Nasdaq hits fresh record on economic optimism UK retail stock levels at record low amid supply problems UK house sales fell over 60% in July after busiest ever June Housebuyers rush to complete deals before stamp duty tax … Read more