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

[ad_1] China Securities Regulatory Commission officials said that companies with less sensitive data, such as those in the pharmaceutical industry, are still likely to receive Chinese regulatory approval for foreign listings, according to the people. The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech … 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

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

Iceland and Tesco warn of Christmas shortages from HGV driver crisis – business live | Business

[ad_1] “We are very short of drivers, it’s a combination of many EU drivers having decided to go home and also the ageing age-profile. “I think certainly Brexit has been a contributor to that but also improving economies, higher wages in some of the countries that they’ve come from historically, have also led to that … 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; retail stock levels shrink – business live | Business

[ad_1] A bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange today Photograph: Vincent Yu/AP Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Global markets are in an upbeat mood this week, as investors shake off last week’s jitters … Read more