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UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship

UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship

The National Insurance tax on workers will be significantly reduced, as stated by U.K. Finance Minister Jeremy Hunt on Wednesday.

Nov 23, 2023 07:13 PM EST


UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market

UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market

A report commissioned by the government on Wednesday stated that Britain needed a "digital alternative" to depending on Visa and Mastercard for card payments.

Nov 23, 2023 05:07 AM EST


Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments

Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments

Temasek Holdings, a Singaporean company, issued a warning about potential scams involving the sale of financial instruments or goods to naïve people under the guise of the company's Shenzhen, China, office.

Nov 22, 2023 05:16 PM EST


McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake

McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake

McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.

Nov 21, 2023 07:40 AM EST


SMBC Places Massive Order for 60 Airbus A320neo Planes

SMBC Places Massive Order for 60 Airbus A320neo Planes

The second-largest aircraft leasing company in the world, SMBC Aviation Capital, said on Tuesday that it has placed an order for 60 Airbus A320neo family aircraft, without providing any financial information about the transaction.

Nov 21, 2023 07:00 AM EST


El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither

El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither

The world's sugar prices are at their highest point since 2011, mostly as a result of reduced global supply following extremely dry weather that harmed harvests in Thailand and India, the second and third-largest sugar producers.

Nov 19, 2023 08:18 PM EST


US Funds Shift Focus Away from China, Offloading Alibaba, Apple

US Funds Shift Focus Away from China, Offloading Alibaba, Apple

Major U.S. funds are taking a more defensive stance in the face of uncertainty in the second-largest economy in the world by cutting holdings that expose them to China and concentrating more on American technology companies.

Nov 17, 2023 11:10 AM EST


EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards

EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards

The EU's banking watchdog warned on Friday that banks would face challenges from regulators for their improper use of an accounting regulation.

Nov 17, 2023 10:30 AM EST


Terrapay-Maya Partnership: Filipinos Gain Easier Access to Global Money Transfers

Terrapay-Maya Partnership: Filipinos Gain Easier Access to Global Money Transfers

TerraPay and Maya announce a groundbreaking international alliance during the Singapore Fintech Festival, improving accessibility, convenience, and security of international remittances for Filipinos everywhere.

Nov 15, 2023 08:10 AM EST


Japan's Economy Shrinks as Exports Plummet

Japan's Economy Shrinks for the 3rd Quarter This Year as Exports Plummet

Japan's economy shrank from July to September, ending two-quarters of growth fueled by exports and tepid consumption.

Nov 15, 2023 06:34 AM EST


Students' Political Travel Dreams Shattered as Politrip Goes Bankrupt

Students' Political Travel Dreams Shattered as Politrip Goes Bankrupt

According to insolvency filings, the company had £2,000 in bank accounts, but it owed HM Revenue and Customs £8,000 and individual clients about £60,000.

Nov 14, 2023 09:51 AM EST


New Report Finds China's Development Banks Are Lagging Behind on Green Energy Finance

New Report Finds China's Development Banks Are Lagging Behind on Green Energy Finance

China's promise to stop financing coal from abroad has not yet resulted in more money going into renewable projects.

Nov 14, 2023 06:16 PM EST


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