Money Moves

Primark experienced a decline in sales in the UK, according to its parent company, Associated British Foods (ABF). For the year ending in September, like-for-like sales fell by 3.1% compared to the previous year. This decrease is attributed to weak consumer confidence, leading to reduced spending in stores. ABF has indicated that it anticipates a […]

Guernsey’s top political committee is anticipated to oppose all proposed alterations to its 2026 budget. Key proposed changes include ceasing any increases in spending for that year, reducing taxes on petrol, and revising how corporate tax income is calculated by the States of Guernsey. The Policy and Resources (P&R) budget for the upcoming year plans

Online retailer Shein has announced a global ban on the sale of sex dolls after facing criticism regarding products resembling children. The French consumer watchdog raised alarms about the listings earlier this week, expressing concerns about potential links to child pornography. In its response, Shein stated that it has banned all seller accounts associated with

Starbucks has announced its decision to sell a 60% stake of its business in China as part of a $4 billion agreement with Boyu Capital, an investment firm. Following this deal, Starbucks will retain a 40% stake in its Chinese retail operations and maintain ownership of the Starbucks brand within the country. Entering the Chinese

Stemaide aims to enhance science and technology skills among young people in Africa. Founded in 2022 in Ghana, the organization has created a science kit designed for use in areas that lack internet access. Prince Boateng Asare, the CEO of Stemaide, expressed the company’s commitment to equipping young Africans with the necessary skills for future

A recent survey by Fair4All Finance indicates that individuals are increasingly turning to family and friends for financial assistance rather than utilizing Buy Now Pay Later (BNPL) loans. The survey of over 4,000 adults shows that 26% borrowed money from family and 15% from friends this year, compared to 25% who opted for BNPL loans.

Chancellor Rachel Reeves has indicated that decisions regarding tax increases may be necessary in the upcoming Budget, scheduled for November 26. Economists widely expect adjustments to tax policies as part of efforts to balance the national budget. Despite previously ruling out any increases to VAT, National Insurance, or income tax in their election manifesto, the

The UK government plans to make online pornography depicting strangulation or suffocation illegal as part of a broader initiative to address violence against women and girls. This decision follows a review indicating that such depictions are prevalent on mainstream pornographic websites and have contributed to the normalization of choking among young viewers. Under proposed amendments

Nigel Farage has announced plans to deliver a significant speech in the City of London, yet the specifics of his message remain unclear. There are concerns regarding his reversal on a previous commitment to reduce taxes by £90 billion. Additionally, Farage has not provided details on whether he will uphold the pensions triple lock, which

In the United States, many top graduates are gravitating toward positions in artificial intelligence (AI) firms, while in Britain, a notable shift is occurring as these individuals are increasingly pursuing careers as quantitative analysts. The Financial Times has reported that London is emerging as one of the leading centers for quantitative analysis, with many students