Money Moves

The RAC has expressed concerns regarding the increasing reliance on mobile apps for parking payments. A recent survey conducted by the organization revealed that 75% of drivers encountered issues with these applications. The most prevalent problems included poor phone signals in car parks and apps failing to recognize the specific parking location. These findings emerge […]

The United States has announced the purchase of Argentine pesos as part of an effort to address a currency crisis in Argentina, which has been facing increased financial turmoil. Treasury Secretary Scott Bessent made the announcement via social media, outlining plans for a financial rescue package worth $20 billion. He emphasized the readiness of the

Rishi Sunak has accepted advisory roles with Microsoft and artificial intelligence startup Anthropic following his tenure as Prime Minister of the UK. The Advisory Committee on Business Appointments (Acoba), which oversees the activities of former government officials, has instructed Sunak not to lobby government ministers on behalf of these companies. Sunak, who continues to serve

Rishi Sunak has been appointed as a senior adviser to both Microsoft and Anthropic, as disclosed in letters from the Advisory Committee on Business Appointments (Acoba). Sunak, who served as the British Prime Minister from October 2022 to July 2024, already holds advisory roles with Goldman Sachs International and has been engaged as a speaker

Danish wind energy developer Ørsted has announced plans to reduce its workforce by 25% over the next two years, which equates to about 2,000 positions out of its 8,000 employees. This decision is part of a strategy to restructure the company following recent setbacks in the industry. The company, headquartered in Oslo, currently employs over

In April, water bills in England saw significant increases for customers from five companies: Anglian, Northumbrian, South East, Southern, and Wessex, affecting around 14.7 million people. Although customers experienced higher costs, they may have avoided even steeper hikes. The five companies, after appealing to the Competition and Markets Authority (CMA) regarding their billing, found that

Plans are being considered to amend licensing laws in England and Wales to allow pubs to operate until later hours, aiming to enhance the hospitality sector. However, industry representatives express skepticism, suggesting that the changes may not significantly alleviate the ongoing challenges posed by rising operational costs and a decrease in consumer spending due to

Tesla is currently under investigation by the US government due to reports that its self-driving vehicles have violated traffic laws, including instances of driving on the incorrect side of the road and failing to stop at red lights. The National Highway Traffic Safety Administration (NHTSA) reported that it is aware of 58 separate incidents involving

Concerns have been raised regarding discussions to utilize Britain’s defense budget to fund the BBC World Service, as highlighted by former controller Liliane Landor. She warned that linking the service’s financial support to government defense priorities could compromise its journalistic independence. Recent reports revealed that senior BBC officials are advocating for increased funding for the

The discussion surrounding stamp duty in the UK is gaining momentum, particularly following Kemi Badenoch’s statement at the Conservative Party conference that a future Conservative government might abolish it for primary residences. Concurrently, there is speculation about Chancellor Rachel Reeves possibly considering its replacement. The potential removal of stamp duty could be beneficial for some