Money Moves

A government shutdown has recently affected U.S. federal workers, many of whom are now on unpaid leave. While essential employees remain on duty, they too may not receive pay during this pause in government operations. This shutdown, which began on Wednesday, stems from a failure in Congress to pass an annual budget due to partisan […]

Denmark’s tax authority, Skatterforvaltningen (Skat), recently lost a £1.4 billion case in the High Court in London, marking one of the highest-value civil cases in the UK. Skat accused the defunct hedge fund Solo Capital Partners, led by trader Sanjay Shah, of falsely claiming substantial tax rebates through “cum-ex schemes.” Shah was convicted in Denmark

Ken Murphy, the CEO of Tesco, has urged the UK government to refrain from imposing additional costs on retailers in the forthcoming Budget. He expressed concern that the previous Budget led to significant operating expenses for the industry, stating, “enough is enough.” His remarks coincided with Tesco’s announcement of an upgraded profit forecast for the

Asian fast-fashion retailer Shein has announced plans to establish its first permanent physical outlets in France. The initial locations will be concessions within department stores in Paris, followed by additional stores in Dijon, Reims, Grenoble, Angers, and Limoges. Shein described France as a “natural choice” for this expansion, citing its significant global fashion influence. Previously,

Thames Water’s lenders have proposed a rescue plan aimed at preventing the collapse of the UK’s largest water company. The consortium, London & Valley Water, has suggested measures that would involve writing off approximately one-third of the company’s nearly £20 billion debt and investing to enhance services. Concerns about Thames Water’s viability have persisted for

George Sutherland, a 79-year-old volunteer at Telford Crisis Support, recently received recognition from Prime Minister Sir Keir Starmer at the Labour Party conference. Sutherland has dedicated the past decade to the foodbank, which has seen a significant increase in demand for its services. He emphasized the importance of his work, stating it brings him joy

Volunteers at Didcot Emergency Foodbank in South England have reported a significant decline in donations, prompting changes to their service offerings. Established in 2009 through the efforts of Didcot Baptist Church volunteers, the food bank currently has reserves of approximately £10,000. Manager Andrew Snell highlighted a substantial financial gap, indicating that while the food bank

In Barbuda, the memories of Hurricane Irma in September 2017 linger for many residents, triggering emotional responses during thunderstorms. As the region approaches its peak hurricane season, home insurance has become significantly more expensive, complicating recovery efforts and financial planning for residents. Insurance premiums across the Caribbean have reportedly increased as much as 40% in

Nadine Fallone received an award of nearly £65,000 from an employment tribunal for unfair dismissal after reporting drug use among staff at the bar she managed. However, over a year has passed, and she has not received any payment despite utilizing a government scheme designed to address employment tribunal non-payments. Nearly 5,000 of the 7,000

Hackers targeting Kido Schools, a nursery chain, initiated an extortion scheme involving the posting of stolen images and personal data of children on the darknet. The criminals began sharing profiles of approximately 8,000 children last Thursday and added more information days later, demanding payment in Bitcoin to cease their activities. Alongside the posts, they allegedly