• By Virginia Harrison BBC News 23 July 2019 Image copyright Getty Images A trade spat between Japan and South Korea threatens to spill beyond their borders, posing potential risks to consumer electronics supplies around the world. The row stems from export restrictions Tokyo imposed on certain industrial materials that Seoul needs to make semiconductors and display screens. Japan has also warned...

  • By Daniel Thomas Business reporter, BBC News 23 July 2019 Image copyright Getty Images Image caption The AA says UK petrol prices in July are at their highest level since 2014 With tensions rising after Iran seized a British-flagged tanker in the Persian Gulf, oil prices have been volatile, sparking fears a jump in petrol prices could lie ahead.The AA warned that prolonged uncertainty over the...

  • 23 July 2019 Image copyright Getty Images Huawei has cut more than 600 jobs at its US research unit Futurewei after Washington put the Chinese firm on a trade blacklist.The telecoms giant said the job cuts were due to "the curtailment of business operations caused by the US". Washington added Huawei to its "entity list" in May which restricts its ability to trade with US firms.Tensions between...

  • By Dan Ascher Business Reporter 23 July 2019 Image copyright Malcolm and Charlotte Loubser Image caption Charlotte Loubser says bringing the claim was hard work and very emotional In the early stages of a difficult second pregnancy, Charlotte Loubser had been sick, nauseous and found herself unable get out of bed.The birth of her first child had been troubled and her second pregnancy was...

  • 23 July 2019 comments Related TopicsUK heatwaves Image copyright Getty Images Employers should allow staff to work flexibly and have a relaxed dress code during this week's UK heatwave, the Trades Union Congress (TUC) has said.Temperatures are set to top 35C and TUC general secretary Frances O'Grady said: "It's in bosses' interests to provide a cool and comfortable work environment."The TUC...

  • By Ian Westbrook BBC Business reporter 23 July 2019 Image copyright HEMPEN Image caption Hempen has started destroying the crop using a combine harvester One of the UK's largest hemp farms, Hempen, expects to lose about £200,000 of sales by destroying its crop after it says it lost its licence to grow it.Last year, the Home Office said UK farmers could not harvest hemp flowers for cannabis...

  • 23 July 2019 Image copyright EDF Image caption Sizewell C (light grey on right) would be built north of the existing Sizewell B plant Energy consumers are being asked to share the cost of building new nuclear power plants, including any overrun costs. In a new document, the government outlined its new financing strategy for nuclear including Sizewell C, Suffolk. It said it has proved...

  • By Andrew Walker BBC World Service economics correspondent 23 July 2019 Media playback is unsupported on your device Media caption"One of our biggest risks to the outlook comes from an escalation of tensions in trade"The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.It predicts growth of 3.2% in 2019, down from its April forecast of...

  • 22 July 2019 Image copyright Getty Images Credit score agency Equifax has agreed to pay up to $700m (£561m) as part of a settlement with a US regulator following a data breach in 2017.The Federal Trade Commission had alleged the Atlanta-based firm failed to take reasonable steps to secure its network.The records of at least 147 million people were exposed in the incident.At least $300m...

  • 22 July 2019 Image copyright Getty Images Image caption There are also calls for an independent regulator to target rule-breaking bailiffs Body-worn cameras are to be compulsory for bailiffs under government plans to improve the treatment of people in debt.The Ministry of Justice said the move, which only affects England and Wales, should help protect those in debt from "intimidation and...

  • By Faisal Islam Economics editor 22 July 2019 comments Image copyright Getty Images The Department for International Trade is to be given part of the official £14bn aid budget.It will spend the funds on helping developing countries learn from UK expertise on trade deals and attracting foreign investment.The move will see Liam Fox's department spending funds earmarked as Official...

  • 22 July 2019 Image copyright Getty Images Volvo is recalling almost 70,000 cars in the UK over concerns that they could catch fire.It is part of a global recall of more than half a million diesel vehicles that suffer from a fault.The Swedish carmaker said that "in very rare cases" a plastic part of the engine can "melt and deform" and in "extreme cases" catch fire.The issue affects some cars...

  • By Ben Chu Economics editor, Newsnight 22 July 2019 comments Related TopicsBrexit The Brexit deadlock has undermined efforts to boost the UK economy, the chairman of the government's Industrial Strategy Council has told Newsnight.The council holds the government to account over its industrial strategy.Andy Haldane, who is also chief economist of the Bank of England, said it was "plausible" that...

  • By Kevin Peachey Personal finance reporter 22 July 2019 Media playback is unsupported on your device Media captionJeff Noel apologised following tumble dryer firesA senior Whirlpool executive has apologised to customers affected by the saga of dangerous tumble dryers sold for 11 years in the UK. Whirlpool is now launching a full recall of any remaining fire-prone dryers, nearly four years after...

  • 22 July 2019 comments Image copyright Getty Images Chancellor Philip Hammond has handed public sector workers a pay rise that is above the UK's 2% inflation rate.The move comes just days before Theresa May leaves office, which could lead Mr Hammond to resign as chancellor.The deals will affect almost one million public sector workers from prison officers to dentists.Teachers will get a 2.75%...

  • 22 July 2019 Image copyright Getty Images US Commerce Secretary Wilbur Ross is reportedly prone to dozing off in meetings. He's not the only one. So is there a trick to stopping those eyelids from suddenly feeling so, so heavy?Meeting-induced sleepiness - it happens to the best of us. Former vice-presidents Joe Biden and Dick Cheney; Former Speaker of the House of Representatives Newt Gingrich;...

  • 22 July 2019 Image copyright Getty Images A decision on whether controversial Chinese firm Huawei should be excluded from the rollout of 5G mobile phone networks in the UK has been postponed.Culture secretary Jeremy Wright said the government is "not yet in a position" to decide what involvement Huawei should have in the 5G network.Mr Wright said the implication of the recent US ban on its...

  • 22 July 2019 Image copyright Getty Images British Airways pilots have voted in favour of strike action in a dispute over pay, threatening a walkout over the key summer holiday period.The British Airline Pilots' Association (Balpa) said 93% of its members had voted in favour of industrial action.A strike would be likely to cause severe disruption, as Balpa represents about 90% of the airline's...

  • 21 July 2019 Image copyright Getty Images Image caption The proposal would allow renters in England to check up on their prospective landlord A database of rogue landlords would be opened up to prospective tenants under government plans.The Rogue Landlords Database was launched in 2018 and only has ten names on it so far.It includes those who have been banned for failing to make a property...

  • By Jamie Robertson Business reporter, BBC News 21 July 2019 Image copyright Getty Images Image caption You want - how much? How much are you worth? Or rather - is the answer to that question equal to the sum paid into your bank account by your employer?If not then you need to ask for more, and that means you have to negotiate with the person who pays your wages. It's something that puts the...