Money Moves

Postal services globally are temporarily halting shipments to the United States in response to new import tax regulations that will take effect on August 29. This change follows an executive order signed by U.S. President Donald Trump, which eliminates the previous global import tax exemption for low-value parcels. Under the new rules, gifts valued under […]

In the upcoming autumn budget, the UK Chancellor is tasked with addressing a potential budget shortfall of £25-£50 billion for day-to-day spending. This figure does not account for additional funds needed to restore public services or address the two-child benefit cap. Chancellor Rachel Reeves has committed to not raising income tax, national insurance, or VAT,

Royal Mail has reported a performance shortfall in its latest quarterly results, with nearly 25% of first class mail delivered late. For the three months ending June 29, the company disclosed that it managed to deliver 75.9% of first class mail within one working day, a slight increase from 74.2% in the previous quarter, but

A recent article examines the growing skepticism surrounding artificial intelligence (AI) among its proponents. It highlights a shift in sentiment, with some individuals expressing doubts about the optimistic predictions made by AI advocates. Questions arise regarding the actual viability and impact of these technologies on various sectors. The article notes that while there are many

The Federal Reserve is reportedly considering cutting interest rates, as indicated by its chair, Jerome Powell. He expressed concerns that President Donald Trump’s tariffs and immigration policies have created turbulence in the global economy and affected the U.S. job market. Despite ongoing pressure from Trump to lower rates and calls for his resignation, Powell has

A flight attendant for British Airways, Haden Pentecost, was discovered unresponsive and undressed in an onboard toilet during a flight from California to London, according to court proceedings. Fellow crew members described him as agitated and perspiring, leading to his removal from duties after failing to perform pre-flight safety checks. Pentecost reportedly complained of stomach

Discussions between UK Health Secretary Wes Streeting and pharmaceutical companies regarding NHS drug pricing have recently escalated following the rejection of a new pricing proposal. A deadline for agreement was not met by midday on Friday, allowing the existing rebate mechanism—designed to recover funds paid for medicines—to persist at a rate labeled “unsustainable” by the

More than 100 business leaders have called on the government to establish a standalone offence for the assault of public-facing workers, which includes transport staff and call centre agents. The Institute of Customer Service has highlighted a significant increase in abusive incidents directed at employees, leading many to contemplate leaving their positions. The Crime and

At the beginning of the year, various steelworks located in Australia, the UK, Romania, and the Czech Republic were part of Sanjeev Gupta’s GFG Alliance but were not operational. Gupta, originally from India and known for acquiring struggling steel plants, has faced significant challenges recently, culminating in a significant legal setback this week. The London

A section of road near Chiswick Bridge has become cluttered with abandoned electric Lime bikes, resulting from differing regulations between the boroughs of Richmond and Hounslow. This area marks the boundary where Lime bikes lose their electrical functions due to restrictions enforced by Hounslow council, which recently opted not to renew Lime’s operating contract, thereby