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Category: Business

LA wildfires among costliest in US history
Business

LA wildfires among costliest in US history

January 9, 2025

With authorities still working to contain the fires, the scope of the losses is still unfolding. “This is a terrible disaster,” said Accuweather chief meteorologist

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Lloyds, Halifax and Bank of Scotland customers to use any branch
Business

Lloyds, Halifax and Bank of Scotland customers to use any branch

January 9, 2025

Lloyds has closed dozens of branches alone and cut hundreds of staff as part of a major overhaul of its business which began in February

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Mick Lynch announces retirement as head of RMT
Business

Mick Lynch announces retirement as head of RMT

January 9, 2025

Mick Lynch, head of the country’s largest railway union, has announced his retirement. He became general secretary of the National Union of Rail, Maritime and

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Why are gilt yields rising and how does it affect me?
Business

Why are gilt yields rising and how does it affect me?

January 9, 2025

The Chancellor, Rachel Reeves, has pledged that all day-to-day spending should be funded from taxes, not from borrowing. But if she needs more money to

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China: Beijing bets on rice cookers and microwaves to boost economy
Business

China: Beijing bets on rice cookers and microwaves to boost economy

January 9, 2025

On Wednesday, officials said 81 billion yuan (£8.9bn; $11bn) had been earmarked this year for the consumer goods trade-in scheme. China’s top economic planning body

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‘Trump 2.0″ looms large over the global economy
Business

‘Trump 2.0″ looms large over the global economy

January 9, 2025

One industry that is likely to continue to be at the heart of global trade battles is electric vehicles. More than 10 million were made

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Food prices ‘not going anywhere but up’, warns retail body
Business

Food prices ‘not going anywhere but up’, warns retail body

January 9, 2025

On Thursday, BRC chief executive Helen Dickinson said that modelling by the lobby group, combined with predictions from 52 chief financial officers, had led it

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Ryanair sues ‘unruly’ passenger that diverted flight
Business

Ryanair sues ‘unruly’ passenger that diverted flight

January 8, 2025

The airline said the passenger’s behaviour forced the flight in question to divert to Porto, where it was delayed overnight, and caused 160 passengers to

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Pound falls as borrowing costs rise to highest since 2008
Business

Pound falls as borrowing costs rise to highest since 2008

January 8, 2025

“I’m obviously not going to get ahead … it’s up to the OBR (Office for Budget Responsibility) to make their forecasts.” “Having stability in the

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London: Wahed Invest’s adverts showing banknotes on fire banned
Business

London: Wahed Invest’s adverts showing banknotes on fire banned

January 8, 2025

Wahed describes itself as an investment platform allowing consumers who are predominantly Muslim to invest in a manner which aligns with their faith and values.

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