Tuesday was a mixed day for the FTSE 100, the barometer of the biggest companies on the London Stock Exchange, as wages in the UK grew at their slowest pace in two years. Here is what is happening in the world of money right now. UK Wages Are Slowing DownThe Office for National Statistics announced …
Apple's Billion-Dollar Payback: Tax Tug-of-War to End by Cornell UniversityImagine receiving a large bill in the mail when you thought you didn't owe anything. That is what happened to Apple, the famous maker of iPhones. After an eight-year battle, the highest court in the European Union ordered Apple to pay Ireland $13 billion - roughly …
Wizz Air Has an Exciting New Route That Takes to the Skies British journalist Sarra Gray reports that one of Britain's favorite low-cost airlines, Wizz Air, is going to introduce a great new route next year from London Gatwick to Jeddah in Saudi Arabia, starting daily flights on March 31, 2025, taking travelers to a …
The well-known British Journalist Andrew Neil revealed that he was stepping down as the chairman of the magazine The Spectator. He had been leading for the last twenty years. The magazine was sold off to one of the investors in GB News at £100 million to Sir Paul Marshall. Neil, who has spent decades at …
Even as inflation rates are easing, many shoppers still feel the pinch in their weekly grocery bill. New data from Kantar Worldpanel, a company which tracks supermarket prices and sales, reveals that the rate of grocery inflation slowed in August to 1.7%, down a modest notch from 1.8% in July. Prices, therefore, remain on the …
Stuck at the Airport: A New Experience for Everyone Imagine being stuck in an airport with nowhere to go for the night. That’s what happened to nine passengers at Guernsey Airport when a flight to Jersey was canceled due to a severe thunderstorm. The weather was so bad that there was no way for the …
The US government is going head-to-head against one of the world's largest companies, Google, over its dominant and lucrative advertising technology business. The battle starts this Monday, when the Department of Justice will argue that Google's parent company, Alphabet, runs an illegal monopoly in the digital ad market. But Alphabet says it succeeds simply because …
This winter, it's a big change for many pensioners. Instead of this benefit in order to help older people pay their heating bills, the Winter Fuel Payment is now being changed-so it will no longer be universal; only those with certain benefits, such as Pension Credit, will qualify. That means millions of pensioners will miss …
In a surprising move, the Mediterranean Shipping Company (MSC) has decided to chart its own course. Starting in February 2025, MSC will no longer be part of the 2M alliance with Maersk and will instead introduce its own independent shipping network for routes between the East and West. This decision comes after years of working …
Imagine driving into your local petrol station, ready to fill up, only to find that you cannot use cash anymore. Yes, some UK supermarkets are instituting a massive change that has left drivers dumbfounded. This year, several supermarket filling stations across the UK will go card-only, leaving drivers who prefer paying in cash in a …
Britain is losing billions of pounds every year to small shops finding all sorts of devious ways not to pay a due amount of their taxes. The National Audit Office, the body responsible for reviewing how the government both spends and collects money, documented that so many small-scale retailers use loopholes in systems to get …
Now, imagine that you are in a race. You go at a very good speed, but no matter how fast you go, the people in front keep getting further away. That is how Europe feels right now in the world economy. The European Union-today a big team of 27 countries-is worried it's falling behind the …
Boeing Workers Could Get a Big Pay Raise! Boeing - one of the most important airplane manufacturers in the world - is in negotiations over a 4-year deal with a raise in pay of 25% with its workers. This is because the workers were planning to go on strike, meaning they would stop work in …
A New Cash Boost for Bank of LondonBank of London is one such new entrant into the world of finance. Days after getting on the wrong side of the UK's tax authority HM Revenue and Customs, better known as HMRC, the bank announced that it had raised £42 million from investors. The funding round is …
