January 3, 2025
Five months of travel chaos loom as Avanti staff vow Sunday walkouts
Train travellers face up to five months of disruption on the West Coast Main Line, as the Rail, Maritime and Transport (RMT) union launches a series of Sunday strikes from 12 January to 25 May. The action follows the rejection of Avanti West Coast’s latest pay offer, with more than four-fifths of train managers voting […]
January 3, 2025
Shops and restaurants brace for record employment tax surge after Reeves’s budget raid
Retailers and hospitality firms are staring at an unprecedented rise in staff tax bills this year, triggered by Chancellor Rachel Reeves’s decision to increase employer National Insurance contributions alongside an above-inflation hike to the minimum wage. New figures compiled by the Centre for Policy Studies (CPS) show that the annual cost of employing one full-time […]
January 3, 2025
Post Office eyes extra £100m from new bank deal to boost postmasters’ pay
The Post Office is pushing for a significant increase in the fees that banks pay to allow their customers to use its national branch network, hoping to secure between £350 million and £400 million a year from the next banking framework — up from the current £250 million. Under the proposal, around 30 banks and […]
January 3, 2025
Labour’s VAT on private school fees set to cool house prices in London’s affluent enclaves
House prices in some of London’s most exclusive postcodes are tipped to fall as Labour’s decision to apply VAT on private school fees forces more families to reconsider their housing choices. Property experts predict that homeowners grappling with steeper tuition bills will either downsize, relocate to more affordable areas, or choose state schools, weakening demand […]
January 3, 2025
Elon Musk calls for ‘new election in Britain’ as Labour support nosedives
Elon Musk has waded into British politics by calling for a “new election in Britain” after a fresh wave of polling data revealed a sharp decline in support for Labour. A YouGov survey commissioned by The Times suggests that most voters view Sir Keir Starmer’s party as “incompetent”, “dishonest” and “unsuccessful”. Many respondents expect the […]
January 3, 2025
Nick Clegg leaves Meta as Joel Kaplan takes helm of global affairs
Nick Clegg, Britain’s former deputy prime minister, has announced his departure from Meta after six years at the social media giant. Clegg, who joined in 2018 and rose to become the company’s president of global affairs, confirmed his exit in a Facebook post, describing his tenure as an “adventure of a lifetime”. He joined the […]
January 3, 2025
Brompton’s profit plunges to less than the price of a single high-end bike
Brompton Bicycle has warned of another difficult year ahead after its profit before tax slumped to just £4,602 in the 12 months to the end of March — a staggering fall from the £10.7 million it made the previous year. The company now finds itself recording a total profit smaller than the retail price of […]
January 3, 2025
Morgan Stanley exit deals blow to Mark Carney’s Net Zero Banking Alliance
Mark Carney’s flagship initiative to encourage the financial sector to reduce greenhouse gas emissions has suffered another setback after Morgan Stanley became the latest American lender to leave the Net Zero Banking Alliance. The US investment bank follows other Wall Street stalwarts, including Goldman Sachs, Citigroup and Bank of America, in departing the group over […]
January 3, 2025
Tesla sees first annual sales decline in a decade as Chinese rivals close in
Tesla’s global deliveries dropped for the first time in ten years, with the US electric car pioneer posting 1.79 million sales in 2024 — a 1.1 per cent dip on the 1.81 million recorded in 2023 and below Wall Street’s expectations. Shares in the company fell 6 per cent on Thursday, wiping more than $80 […]
January 3, 2025
JuanHand and Security Bank partner to drive financial inclusion
In the photo from left to right: Ollygar Von Palay (Finance Manager, WeFund Lending Corp.), Francisco “Coco” Mauricio (President and CEO, WeFund Lending Corp.), John Cary L. Ong (Executive Vice President, Security Bank), Alexis Xu (Chief Financial Officer, Finvolution Group), Earvin Lucido (Assistant Vice President and Relationship Manager, Security Bank) Security Bank, one of the […]
January 3, 2025
Tips for buying a move-in ready home
Tips for buying a move-in ready home – BusinessWorld Online
About four-fifths (or 44%) of Filipinos aspire to move into their dream home, a November 2024 study by the Boston Consulting Group found. What should buyers look out for in their potential dream home, though? […]
January 3, 2025
Key Regulatory Challenges for the UK iGaming Industry in 2024
The UK’s Gambling Act Review whitepaper became public in 2023, focusing on enforcing tighter regulation on gambling operators. Unsurprisingly, this release assured players that as long as they gamble on regulated platforms, they are safe. It also proposed other means to tackle gambling addiction, like changing affordability rates, reviewing the concept of free bets, etc. […]
