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
ECONOMY
UK 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
FOOD
Deliveroo 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
