Money Moves

Prague to ban e-scooters after residents complain of chaos on pavements | Czech Republic

Prague to ban e-scooters after residents complain of chaos on pavements | Czech Republic

Prague has announced a ban on electric scooter rentals, set to take effect in January 2026. This decision follows criticism from city officials who cite issues related to disorganized scooter use on pavements and pedestrian zones. The city council approved new regulations regarding shared transportation for its 1.4 million residents, amid the influx of over

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Pizza Hut to close 68 UK restaurants after falling into administration

Pizza Hut to close 68 UK restaurants after falling into administration

Pizza Hut UK has announced the closure of 68 restaurants and 11 delivery sites, resulting in the loss of approximately 1,210 jobs. The decision comes after DC London Pie Limited, the operator of Pizza Hut’s UK locations, appointed FTI Consulting as administrators. In a related development, Pizza Hut’s parent company, Yum! Brands, has committed to

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Worcestershire charity starts 'new chapter' with larger premises

Worcestershire charity starts ‘new chapter’ with larger premises

A charity in Worcestershire, the Droitwich Community Pantry and Fridge, has recently relocated to a larger facility on the Berry Hill Industrial Estate. This move is intended to enhance its operations in addressing food waste and supporting families in need. The opening ceremony, held on Friday, was attended by notable figures including His Majesty’s Lord

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Reed says 'job on the line' over 1.5m housing target as experts warn meeting it unlikely

Reed says ‘job on the line’ over 1.5m housing target as experts warn meeting it unlikely

Housing Secretary Steve Reed has acknowledged that his role may be at risk regarding the commitment to construct 1.5 million new homes in England. However, two experts have suggested that the government may fail to meet this target. Professor Paul Cheshire, a planning policy advisor, stated that achieving this objective seems highly unlikely. Neil Jefferson,

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Chancellor blames Brexit deal for long-term damage to economy

Chancellor blames Brexit deal for long-term damage to economy

Rachel Reeves addressed the long-term economic impacts of the 2020 Brexit deal during a recent meeting of the International Monetary Fund (IMF), which included finance ministers and central bankers from various countries. In her remarks, she highlighted how the UK’s productivity challenges have been exacerbated by its exit from the European Union. Citing the Office

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Housing market slows amid fears Reeves will increase property taxes | Property

Housing market slows amid fears Reeves will increase property taxes | Property

The UK housing market is exhibiting signs of a slowdown, with recent data indicating diminished activity from both buyers and sellers. A report from Rightmove reveals that in September, the number of new buyers reaching out to estate agents and new sellers entering the market decreased by 5% compared to the same month the previous

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Bankers on edge, a gilded cash room and US blaming China

Bankers on edge, a gilded cash room and US blaming China

At the heart of U.S. economic activity, the Treasury is currently experiencing a shutdown alongside much of the federal government, leading to most staff being furloughed. This coincides with the International Monetary Fund’s annual meetings happening in Washington, where world finance ministers and bankers have gathered. Despite this shutdown, U.S. Treasury Secretary Scott Bessent and

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