Business

Don’t dry your iPhone in a bag of rice, says Apple

Don’t dry your iPhone in a bag of rice, says Apple

Getty ImagesIf your iPhone gets wet don't dry it in a bag of rice, Apple has advised.Despite the technique's popularity, experts have long warned against it, with tests suggesting it doesn't work.And now the tech giant itself has published guidance telling users it could result in small particles of the grain damaging their devices.The firm said people should instead gently…
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King Charles banknotes to enter circulation in June

King Charles banknotes to enter circulation in June

By Kevin PeacheyCost of living correspondentNew banknotes featuring the image of King Charles will enter circulation on 5 June, the Bank of England has announced.The King's portrait will be the only change to existing designs of £5, £10, £20 and £50 notes, and new notes will replace damaged or worn older ones.Coins featuring the King are already found in people's…
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Henry Staunton: Ex-Post Office chair escalates compensation row

Henry Staunton: Ex-Post Office chair escalates compensation row

The former Post Office chairman has claimed he was told to "hobble" into the next election without solving the company's long-term problems.Henry Staunton, who was sacked last month, said the comment was made by a senior civil servant during a meeting last year.It comes amid an escalating row over his previous claim he was told to delay Horizon compensation payments…
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Government finances show big surplus in January

Government finances show big surplus in January

EPAThe government finances showed a large surplus last month, more than double the surplus last January.The surplus - the difference between spending and tax income - rose to £16.7bn in January, the Office for National Statistics (ONS) said.These are the last set of public finance figures to be released before the Chancellor's Budget in March.Jeremy Hunt has hinted he wants…
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HSBC: Bank’s pre-tax profits soar fuelled by high interest rates

HSBC: Bank’s pre-tax profits soar fuelled by high interest rates

Getty ImagesBy Mariko OiBusiness reporterEurope's biggest bank, HSBC, has posted an almost 80% jump in its pre-tax profit which rose to $30.3bn (£24bn) in 2023, fuelled by high interest rates.It comes after central banks around the world raised interest rates in last 18 months to help curb rising prices.Last week, rival lender NatWest revealed its highest yearly profit since the…
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Amazon founder Jeff Bezos completes $8.5bn share sale plan

Amazon founder Jeff Bezos completes $8.5bn share sale plan

Getty ImagesBy Mariko OiBBC NewsMulti-billionaire Jeff Bezos has sold another 14 million Amazon shares, worth around $2.4bn (£1.9bn).The latest sale brings the total number of shares he has sold in the firm over the last nine trading days to about 50 million, with a value of around $8.5bn.This month, the tech giant announced that Mr Bezos would sell up to…
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Families’ shock as cost to take pets abroad hiked

Families’ shock as cost to take pets abroad hiked

By Lora JonesBBC NewsFamilies moving abroad say they are shocked and devastated they may have to leave pets behind after animal travel costs were hiked.IAG Cargo, which handles pet transfers for some major airlines, is raising prices from 1 March on select routes.Sara, whose military family is moving back to the US from the UK, saw the price to ship…
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Woolworths: Australian grocery boss quits amid price-gouging claims

Woolworths: Australian grocery boss quits amid price-gouging claims

Getty ImagesWoolworths boss Brad Banducci has announced his resignation, amid scrutiny over alleged price-gouging tactics used by the Australian supermarket giant.The pressure on the chief intensified this week after what has widely been described as a disastrous interview.Mr Banducci walked out on a reporter after bristling over the line of questioning.Australia has one of the world's most concentrated grocery markets.Woolworths…
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The Body Shop to shut nearly half of its UK stores

The Body Shop to shut nearly half of its UK stores

ANDY RAIN/EPA-EFE/REX/ShutterstockThe Body Shop is set to shut nearly half of its 198 stores in the UK and reduce the size of its head office, leading to hundreds of job losses. Closures will begin immediately on Tuesday, according to the firm that is overseeing the restructuring of the retailer.The Body Shop employs around 2,200 people in the UK, including 750…
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