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Cathay Pacific posts record loss; markets subdued after tech surge – business live

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Rolling coverage of the latest economic and financial news

Senate confirms Marcia Fudge and Michael Regan to Biden cabinet posts

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The Senate on Wednesday confirmed Marcia Fudge to head the Department of Housing and Urban Development and Michael Regan to lead the Environmental Protection Agency, picking up the pace for confirmations in Joe Biden’...

Bakery chain Greggs posts first loss since 1984 as pandemic hits sales – business live

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Rolling coverage of the latest economic and financial news

Facebook now lets users and pages turn off comments on their posts

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Facebook will allow every user including celebrities, politicians, brands and news outlets to determine who can and can’t comment on their posts. The social media giant announced on Wednesday that when people post on ...

Facebook users to get ‘independent’ appeal hearings against posts

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Facebook users can now appeal to the company’s quasi-independent Oversight Board to get bad posts removed, the body has announced, in a large expansion of its role just three months after it issued its first findings....

Coronavirus live news: India posts record new cases; Germany won’t give second AstraZeneca dose to under 60s

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100 days to go until Tokyo Olympics; Germany to give different second vaccine to AstraZeneca recipients under 60; Australia cabinet returns to ‘war footing’ over vaccine rollout

Biden faces pressure to end practice of rewarding allies with plum foreign posts

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Joe Biden is coming under pressure from former state department career staff to match the diversity of his cabinet and senior administration positions in foreign postings – and to reform the longstanding practice in t...

Credit Suisse posts ‘unacceptable’ loss after Archegos collapse; markets await ECB decision – business live

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Rolling coverage of the latest economic and financial news

Outcry over US Postal Service reportedly tracking social media posts

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The US Postal Service has reportedly been monitoring social media posts, with a focus on people planning protests. The surveillance procedure, known as the Internet Covert Operations Program (iCOP), tracks social medi...

Anthony Hopkins posts video from Wales after Oscars triumph

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Sir Anthony Hopkins has paid tribute to the late Chadwick Boseman in a short video from the Welsh countryside, in which he expressed his surprise at winning this year’s best actor Oscar. Unusually, the best actor winn...

Grosvenor Group posts pre-tax loss in 2020 as property values slide

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The Duke of Westminster’s property company, Grosvenor Group, swung to a pre-tax loss in 2020, its worst performance since 2008, but still paid a £47bn dividend to the duke’s family and its trusts. The privately-owned ...

Facebook under fire as human rights groups claim ‘censorship’ of pro-Palestine posts

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Facebook’s often inscrutable content moderation process has come under renewed fire during the 11-day bombardment of Gaza after hundreds of pro-Palestine posts were removed, many without explanation. Nearly 500 remova...

Coronavirus live news: Facebook to allow posts saying Covid ‘man-made’; Japan pledges ‘safe and secure’ Games

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Facebook changes policy ‘in light of ongoing investigations into the origin of Covid’; Biden orders US intelligence to ‘redouble’ Covid origin probe; Japan promises ‘safe and secure’ Olympic Games

Covid live: Olympics could cause new variant, doctor warns; Facebook to allow posts saying virus ‘man-made’

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Head of Japanese doctors union warns of risk if Games go ahead; Facebook changes policy ‘in light of ongoing investigations into the origin of Covid’

Facebook lifts ban on posts claiming Covid-19 was man-made

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Facebook has lifted a ban on posts claiming Covid-19 was man-made, following a resurgence of interest in the “lab leak” theory of the disease’s onset. The social network says its new policy comes “in light of ongoing ...

Portsmouth investigate racist posts allegedly sent by academy players

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Portsmouth are investigating allegations that members of their under-18 squad directed racist abuse at the England players who missed penalties in the Euro 2020 final. In a statement on Wednesday the League One club s...

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