business
WH Smith probed by regulator over accounting error
The retailer says it plans to claw back bonuses awarded to executives at its North America business as a result of the mistakes. Source link
Government borrowing higher than expected in November
Borrowing – the difference between public spending and tax income – was £11.7bn last month. Source link
A 45% school bus fare hike is too much, says dad
Ambi Ambituuni now expects to pay more than £300 a term for his daughter’s bus journeys. Source link
AI likely to displace jobs, says Bank of England governor
Andrew Bailey says workers need to be trained to move into jobs that use AI, but adds it might not lead to mass unemployment. Source link
Japan hikes interest rate to highest level since 1995 as inflation bites
It comes as new PM Sanae Takaichi is keen for inflation to fall but also needs low government borrowing costs. Source link
Will tech trump tradition at bakers and biscuit makers?
Introducing robots and automation to the food industry involves extra hurdles. Source link
Friday to be busiest travel day of festive season
Road, rail and air travellers are being advised to allow extra time for travel and check their routes. Source link
How much more your Christmas dinner will cost this year
A typical turkey dinner will cost about £32.45 this year, according to research done for the BBC. Source link
UK names Christian Turner as US ambassador, replacing Peter Mandelson
Turner has spent a nearly 30-year career working across Whitehall and the Foreign Office. Source link
Faisal Islam: Will 'Santa rate cut' have enough festive spirit to boost the economy?
The Bank of England is hoping the interest rate cut will inject some much-needed momentum into the economy. Source link