Category: Business
What are cold weather payments and who can get them?
Cold weather payments have been triggered for the start of 2025. Some people in England, Wales and Northern Ireland are entitled to the money when there is a prolonged period of below-zero temperatures. In Scotland, those on low incomes and benefits may receive a separate winter heating payment, which does not depend on how low…
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year. By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday…
Trump will be sentenced Jan. 10 in New York case, days before his inauguration
Ximena Bustillo President-elect Donald Trump is scheduled to be sentenced Jan. 10 in New York, 10 days before he is sworn in to be president of the United States. In a decision Friday, New York Judge Juan Merchan noted that his inclination was to not impose a sentence of incarceration. In the filing, Merchan noted…
Debate Over U.S. Sanctions on Russia For Ukraine War Intensifies
Russia-Ukraine War The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy. By Patricia Cohen Patricia Cohen, based in London, has been covering the sanctions on Russia since the country’s full-scale invasion of Ukraine in 2022. Thousands of far-reaching sanctions have been imposed…
House Speaker vote puts GOP unity to the test
Deirdre Walsh Republicans are taking the first steps Friday to usher in a new era of full GOP control in Washington as Congress comes into session. But the usually ceremonial process in the House is already bogged down in political infighting over who should be elected Speaker of the House. House Speaker Mike Johnson, R-La,…
Laura Ashley bought by US owner of Ben Sherman
British clothing and home furnishings brand sold by Gordon Brothers to Marquee Brands Laura Ashley has been acquired by New York-based Marquee Brands, the owner of 17 businesses including Ben Sherman and Martha Stewart. The clothing and home furnishings brand, best known for its floaty floral frocks, has been sold by Gordon Brothers. Gordon Brothers…
Badenoch’s department wrote to Treasury after Dyson lobbying over potential tax break
Business department raised issue of patent box benefit after meeting that took place last June, documents show Kemi Badenoch instructed her department to write to the Treasury about a potential tax break after an intervention from Dyson, documents have revealed. In the minutes of a meeting during her time as business secretary last June, seen…
Dress codes for high-end restaurants may not be as strict as you think they are
By Hosts Many restaurants — even the high-end ones — are ditching dress codes for diners. LEILA FADEL, HOST: Maybe this has happened to you. You go out to eat at a restaurant you haven’t tried before. But you’re not sure about the vibe, so you don’t know what to wear. So you worry, will…
‘We’d be stuck’: alarm as UK’s last braille typewriter repairer ponders retirement
Alan Thorpe is Britain’s last certified fixer of the Perkins brailler, a machine vital for teaching blind children to read and write Alan Thorpe runs his fingers over the braille note attached to the latest repair job to arrive at his doorstep in Sheffield. Reading from the tactile note, he says: “The paper won’t wind…
Lidl enjoys record £1bn UK sales in run-up to Christmas
Discount grocer records 7% increase in four weeks leading up to Christmas Eve Lidl made more than £1bn in sales in the run-up to Christmas for the first time in the three decades the discount grocer has been operating in the UK as cash-strapped shoppers cut costs. The German-owned discounter, which is close to overtaking…
Neil Young pulls out of Glastonbury and says it is ‘under corporate control’
Rock star Neil Young has announced he will not be performing at this year’s Glastonbury, saying he believes the festival, which is partnered with the BBC, is “now under corporate control”. The 79-year-old Canadian wrote on his website that he and his band the Chrome Hearts “were looking forward to playing Glastonbury, one of my…
UK house prices rise for fourth month in a row, says Nationwide
Cost of average home in December reaches £269,426, with value increasing over year by almost £12,000 House prices rose for a fourth consecutive month in December, ending 2024 on a “strong footing”, Nationwide said, with the cost of an average home hitting £269,426. The building society’s monthly tracker found prices in December rose 0.7% on…
Centrelink payments increase, higher passport fees and pay rises: all the 1 January changes in Australia in 2025
Bigger Austudy and carer allowance payments, higher Medicare safety net thresholds and mandatory corporate reporting on climate also in 1 Jan changes With the new year come new policies, laws, taxes and reforms. Here’s everything to know about changes on 1 January, 2025 that could affect you. Centrelink payments, including youth allowance, Austudy and carer…
It’s time to get serious about stamp duty on shares, a terrible advert for London
The number of listed companies fleeing can’t be ignored – cutting or abolishing the tax could revive the capital market Last year was another depressing one for departures from the London stock market. Back in January, it was Flutter heading for the exit. The owner of Paddy Power, Betfair and Sky Bet got itself a…
Australian property prices fall for the first time in two years
Australia’s property market has finally come off the boil after a resilient run of growth at a time of high interest rates and inflationary pain. The 0.1% fall in December followed a flat result in November and a gradual slowing in the pace of growth over the course of the year. Sign up for Guardian…
Turnout inequality in UK elections close to tipping point, report warns
IPPR says elections could lose legitimacy because of falling turnout among groups such as renters and non-graduates UK elections are “close to a tipping point” where they lose legitimacy because of plummeting voter turnout among renters and non-graduates, an influential thinktank has said. Analysis by the Institute for Public Policy Research (IPPR) found that the…
The Papers: Energy bills ‘to rise further’ and world rings in 2025
“So much for cutting our energy bills!” is the headline on the front of The Daily Mail. It’s one of several papers to highlight increases in fuel costs for households. The Mail says Labour promised to slash prices, but the paper warns that families are now facing three hikes to the energy price cap in…
Post Office scandal: MPs call for financial penalty for slow payouts
A group of MPs says compensation is not being paid quickly enough for the victims of the Post Office scandal and is calling for the government to face financial penalties if the process doesn’t speed up. The Business and Trade Select Committee said binding timeframes were needed, with any money arising from missed deadlines going…
Woolworths to sell Australia Day holiday merchandise in reversal of 2024 policy
Supermarket chain says it will help customers ‘celebrate the day’ by selling flag-themed items Woolworths says it will mark the Australia Day holiday in-store this year, after it stopped stocking themed merchandise last year amid a “broader discussion” of what 26 January meant to the community. The supermarket chain, which also owns department store Big…
Great Guinness heist: thieves stole truck carrying 35,000 pints
Revealed: lorry with 400 kegs of the Irish stout onboard disappeared from Northamptonshire depot, sources say In the days leading up to Christmas, stout-lovers were left reeling from a nationwide shortage of Guinness so severe that some pubs were forced to ration pints of the “black stuff” as taps began to run dry. Supermarkets remain…
Russia winds down gas supply to Europe via Ukraine as transit deal expires
Exports to cease on New Year’s Day as Europe faces cold snap and higher than usual fall in reserves since September Europe will receive the last Russian gas sent via Ukraine’s pipelines in the early hours of the new year as the continent braces for a plunge in temperatures that could hasten the drain on…
Xi says China’s economy on course to expand by 5% despite Trump concerns
President seeks to allay fears that world’s second-largest economy will falter in 2025 because of high US tariffs China’s economy is on course to expand by 5% in 2025, according to its president, Xi Jinping, meeting official growth targets and rebutting concerns that Donald Trump’s incoming US administration will harm Beijing’s prospects in the new…
Can flood of cheap new EVs coming to Europe save its carmakers?
Analysts argue 2024 is minor blip and that lobbying for relaxation of rules could harm industry in long term Affordable new electric family cars – particularly those that are EU-made – have been tough to come by in Europe for the past few years. There were no launches of homegrown electric models for less than…
For these women, sustainable business is buzzing
Industrious and indispensable, bees are nature’s “essential workers.” Their pollination powers entire ecosystems and food systems — with more than 75 percent of the world’s flowering plants and a third of all crops relying on bees and other pollinators to reproduce. Yet bees are declining at alarming rates. Mass die-offs have been linked to pesticides,…
London-listed miner pauses Mozambique operation amid political unrest
Gemfields makes decision over ruby mining after groups ‘took advantage’ of situation to try to invade its site The London-listed mining company Gemfields said it had temporarily halted its ruby mining operation in Mozambique after groups “took advantage” of political unrest to set fire and attempt to invade its site, resulting in two deaths. Gemfields,…
The peanut farmer who rose to US president and Nobel prize winner
Jimmy Carter, who has died at the age of 100, swept to power promising never to lie to the American people. In the turbulent aftermath of Watergate, the former peanut farmer from Georgia pardoned Vietnam draft evaders and became the first US leader to take climate change seriously. On the international stage, he helped to…
Lululemon End of Year Scores: $49 Align Leggings & $24 Best-Sellers
Don’t miss the lululemon End of Year Scores event with $59 Align leggings, belt bags, hoodies, and shorts. Best-sellers start at $24, making this the perfect chance to refresh your activewear for 2025 Our writers and editors independently determine what we cover and recommend. When you buy through our links, E! may earn a commission. Learn…
Pottery Barn End of Season Sale: $1.99 Mugs, $8.99 Vases & More
Don’t miss Pottery Barn’s End of Season Sale with up to 75% off holiday decor, tableware, and more. Shop major deals on the Lilly Pulitzer and Monique Lhuillier collections while supplies last! Our writers and editors independently determine what we cover and recommend. When you buy through our links, E! may earn a commission. Learn more.…
The UnitedHealthcare Tragedy Is Why Insurance Needs to Change Now
Opinion The UnitedHealthcare Tragedy Is Why Insurance Needs to Change Now I am a trauma surgeon and gunshot survivor who has experienced byzantine health insurance coverage firsthand. I understand why people are furious By Joseph V. Sakran edited by Megha Satyanarayana When I was 17 I was nearly killed when a fight broke out after…
Still haven’t filed your taxes? Here’s what you need to know
So far this tax season, the IRS has received more than 100 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 deadline approaches. Not everyone…
European stocks close higher after holiday closures; Delivery Hero sheds 4%
European stocks were higher on Friday, as markets Source: www.cnbc.com
Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
Nordstrom will become a private company after it a Source: www.cnbc.com
MicroStrategy rides ‘red sweep’ to 477% gain in 2024, topping almost all U.S. stocks
Of the 439,000 bitcoin that MicroStrategy owns, mo Source: www.cnbc.com
Here’s why business leaders are spending big on Trump’s inaugural committee
Donations to President-elect Donald Trump’s inaugu Source: www.cnbc.com
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Large tech firms sprinkled holiday cheer on U.S. m Source: www.cnbc.com
European markets close higher ahead of Christmas shutdown; Novo Nordisk resumes recovery
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Asian stocks had a strong 2024 — but this market was the clear winner, thanks to a tech rally
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How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion
As the baton of wealth is inherited by younger generations, the heirs of wealthy families are taking a more active role in the impact they seek to create in the world by using the traditionally monolithic family office for more innovative, value-based investments. The great wealth transfer is in full swing as over $100 trillion…
Elon Musk’s ‘social experiment on humanity’: How X evolved in 2024
Billionaire Elon Musk has hailed Twitter as a bastion for freedom of expression ever since he acquired the social media site two years ago. But over the course of 2024, X, as it is now called, has evolved from what felt like a communal town square into a polarised hub where views and posts seem…
Charities to get £15m to save surplus farm food
Charities, food banks and homeless shelters are to receive access to a £15m fund from the government to help use surplus farm food. Set to be launched in 2025 the scheme will give grants of £20,000 or more to the not-for-profit food redistribution sector in England. It continues a pledge by Prime Minister Sir Keir…
‘Dating for homes saved me £20,000 on holidays’
Inviting a stranger to stay in your home might seem like the opposite of a relaxing holiday, but for some travellers house exchanges are worth taking the leap of faith. “It’s just like dating for homes,” Liz Barlow tells me. Aged 70, the semi-retired management consultant has 31 home swaps under her belt and estimates…
ITP Aero Revolutionizes the Aviation Industry with 3D Printing for High-Tech Engines
Spanish company ITP Aero has achieved a significant milestone in aerospace engineering by implementing 3D printing technology to manufacture high-temperature engine components.
The U.S. Department of Justice Intensifies Battle Against Google’s Monopoly
The U.S. Department of Justice (DOJ) has proposed drastic measures to curb Google’s dominance in the search and digital advertising market.
Google Loses Over $100 Billion in Market Value Following Antitrust Proposals
Alphabet Inc., Google’s parent company, has faced one of its most significant market value losses in recent history, exceeding $100 billion.
The U.S. Seeks to Rein in Google’s Monopoly:
The U.S. Department of Justice has proposed radical measures to curb Google’s dominance in the search and online advertising market.
Real Estate Market Outlook for 2025: Trends and Expectations
The Spanish real estate market is poised for sustained growth in 2025. Housing prices are expected to continue rising, driven by demand that could exceed 666,000 property transactions. Experts highlight intense competition and growth supported by lower mortgage rates.
Increase in Tourist Rentals in Barcelona and Madrid
In recent decades, the cities of Barcelona and Madrid have experienced a notable rise in the availability of tourist and seasonal rentals. This phenomenon has transformed the local real estate market, affecting the availability of housing for residential rental.
Tesla’s Stock Surges Amid Prospective Federal Regulations for Self-Driving Vehicles
On November 18, 2024, Tesla’s stock experienced a significant increase following reports that President-elect Donald Trump’s transition team is prioritizing the establishment of a federal framework for self-driving cars.
Temu: Behind Attractive Offers Lies a Concerning Reality
In recent years, Temu has emerged as an e-commerce platform offering products at surprisingly low prices, capturing the attention of millions of consumers worldwide.
The Rise of Online Jewelry and Fashion Stores: Benefits for Buyers and Sellers
In today’s digital era, online jewelry and fashion stores have transformed the way we buy and sell products. Platforms like NOOM™ Jewelry exemplify the advantages they offer to both buyers and sellers in this virtual environment.
Grupo PRISA has achieved a significant improvement in its financial and operational position
Grupo PRISA has achieved a significant improvement in its financial and operational position over the past year, marked by a 10% reduction in net debt—equivalent to €89 million—by September 2024. Additionally, cash generation increased by 4% compared to the same period in 2023, reaching €59 million.
A recent analysis has identified 15 European companies with market capitalizations exceeding €100 billion
A recent analysis has identified 15 European companies with market capitalizations exceeding €100 billion, highlighting their significant influence on the continent’s economy.
Saica Group has expanded its presence in Central and Eastern Europe
Saica Group, a leading Spanish company in sustainable paper and packaging solutions, has expanded its presence in Central and Eastern Europe by acquiring Schumacher Packaging’s operations in Poland. This transaction, completed on October 31, 2024, includes two corrugated board plants in Bydgoszcz and Wrocław, two paper mills in Grudziądz and Myszków, and three service centers.…
United Nations Adopts the “Pact for the Future”
In September 2024, during the Summit of the Future held in New York, the United Nations adopted the “Pact for the Future,” an intergovernmental agreement aimed at addressing contemporary and future global challenges.
In the dynamic business landscape of 2024
In the dynamic business landscape of 2024, several trends are reshaping how companies operate and compete globally. The following are the key trends influencing the business environment