British banks are facing more than 100 class action lawsuits in a wave of litigation that lawyers predict could cost them billions of pounds to resolve. Research from City legal experts reveals that three of the big four high street banks — Barclays, HSBC and NatWest — are the targets of the majority of claims. […]
Three prime ministers, four chancellors and three business secretaries in a year have cost Britain its appeal to foreign investors, say manufacturing bosses. Members of Make UK, the manufacturing trade body, have in previous surveys blamed the impact of Brexit on trade costs and customs barriers. However, it is the government’s management of the economy […]
A new scheme to support firms with their energy bills will be announced in the House of Commons on Monday. The current scheme which caps the unit cost of gas and electricity for all businesses expires at the end of March. It will be replaced with a new scheme that offers a discount on wholesale […]
Article content Men and landed immigrants make up the majority of delivery and rideshare drivers while women represent most of content creators in Canada, new data on the gig economy revealed. Article content Men (73 per cent) and landed immigrants (55 per cent) between the ages of 16 and 69 represented most of the food […]
Stocks in Asia gain, dollar sways as Fed minutes take center stage SINGAPORE — Asian equities rose sharply on Wednesday, boosted by Hong Kong shares, while the dollar was on the back foot, with investors keenly awaiting minutes from the Federal Reserve’s most recent meeting to gauge the path forward for interest rates.
Breadcrumb Trail Links News Economy Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada Employment in Canada rose by 104,000 jobs in December, and the unemployment rate declined 0.1 percentage points to 5.0 per cent. Photo by Getty Images Article content It looks like […]
Breadcrumb Trail Links News Economy Here’s what economists have to say about the latest jobs report and what it means for interest rates Canada added 104,000 jobs in the month of December. Photo by Winnipeg Sun Article content December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of […]
Footfall in December reached its highest level since the pandemic as shoppers headed to stores in search of Christmas gifts. Figures from the British Retail Consortium (BRC) showed that overall footfall during December was up 15.1 per cent from the same month in 2021. However, the gains are likely to be wiped out this month […]
The interest rate the taxman charges on unpaid tax has reached a 14-year high of 6 per cent, but if you expect the same return on anything it owes you, you’ll be out of luck. HM Revenue & Customs increased the rate on unpaid income tax, national insurance, capital gains tax, stamp duty, corporation tax […]
A Canadian business has stirred up a hornet’s nest by purging online meetings, saying companies are for builders, not managers, and vowing to “give people back their maker time”. Shopify, an ecommerce platform, has scrapped all internal meetings of more than two people, banned meetings on Wednesdays and is only allowing gatherings of more than […]