13th May 2022
Bite-sized business news from the UK and beyond
Good morning Due to soaring oil prices and the sell-off in tech shares, energy giant Saudi Aramco overtook Apple as the most valuable company in the world this week with a market value of $2.4tr.In better news for Apple customers, the company is reportedly planning to replace its infamous lightning port with the more widely used USB-C next year. Consider this a win for your charger collection.
Today's stories
UK economy shrinks as consumers cut back
Deliveroo strikes landmark deal with trade union
ECONOMYUK economy shrinks as consumers cut back
Other stories to keep you in the loop
BT and Warner Bros Discovery join forces to create pay-TV sport business
Royal Mail reveals plans for 50 new postal drone routes
Aviva chief responds to 'sexist' shareholder jibes
Disney's results below expectations but streaming provides a shining light
Japan's SoftBank sinks to $28bn loss as investments sour
Bloomberg launches UK arm to take on British press
JD Sports raises profit targets again despite footwear shortages
Zara starts charging for online returns
Tesco to open office space in supermarkets
FOODDeliveroo strikes landmark deal with trade union
Stat of the day
China consumes 26% of the world's energy supply, the country's usage has tripled since 2000
Interesting links from around the web
How to cut back on subscriptions without cancelling and missing out on your favourite shows
Why workers are choosing big pay packets over flexibility
Never scrub a sequin! How to care for special occasion clothes
