Consumer borrowing jumped in April after households turned to credit to fund their spending as the squeeze on incomes tightened, Bank of England figures show. There was a £1.4 billion rise in borrowing on consumer credit, which is made up mainly of spending on credit cards and personal loans, when compared with March. The figure […]
Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. Boohoo, a larger online fashion specialist, had been […]
HMRC is now tracking 277 British businesses it suspects of using ‘tax havens’ to artificially reduce their tax bills in the UK, according to a City law firm. HMRC is concerned that some UK businesses are still avoiding tax in the UK by recording income in countries with zero or near-zero corporation tax. Countries traditionally […]
Total revenue increased 70%, year over year, and is primarily attributed to the anticipated Canadian and US economic recovery from the COVID-19 pandemic in 2020 and 2021. Read More
Private weather forecaster Skymet on Monday questioned the India Meteorological Department’s (IMD) announcement that the southwest monsoon arrived in Kerala on Sunday, three days ahead of the “normal” date. “Declaring monsoon based on single day observations amounts to gross violation of standards, never attempted in the past,” Skymet said. Going by what it called “specified objective […]
(Bloomberg) — Rogers Communications Inc. and Shaw Communications Inc. agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to Canadian regulators’ concerns. Read More
Homegrown microblogging platform Koo may have had some 30 million downloads in the last two years since its launch and offering services in nine regional languages, but it lacks the vibrancy of Twitter when it comes to debates on current affairs. The platform, which came to light a year ago when the Union government was […]