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Category: Business

Asda to cut 475 jobs and reduce hybrid working
Business

Asda to cut 475 jobs and reduce hybrid working

November 7, 2024

Lord Rose said the changes were needed to “ensure that the business was best placed to meet our long-term ambitions”. “As part of this process,

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Will Trump victory spark global trade war?
Business

Will Trump victory spark global trade war?

November 7, 2024

During his campaign, Trump said tariffs were the answer to myriad issues, including containing China and preventing illegal immigration. “Tariff is the most beautiful world

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Bank of England expected to cut interest rates
Business

Bank of England expected to cut interest rates

November 7, 2024

The Bank’s base interest rate heavily influences the rates High Street banks and other money lenders charge customers for loans, as well as credit cards.

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Moldova cleans up it act to attract foreign businesses
Business

Moldova cleans up it act to attract foreign businesses

November 7, 2024

The Eastern European country of Moldova is continuing efforts to attract overseas firms, as it tries to move past political uncertainty. “I went with a

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Stock markets and dollar rise as US election result in focus
Business

Stock markets and dollar rise as US election result in focus

November 6, 2024

“Markets look in good spirits despite there being no clear signs yet of who will take the reigns of the White House,” said Tim Waterer,

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Water bill rises: Warning millions will struggle to pay
Business

Water bill rises: Warning millions will struggle to pay

November 6, 2024

In July, Ofwat provisionally said bills would rise by an average of £19 per year between 2025 and 2030 – totalling a £94 increase, or

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PM responds to Post Office campaigner after repeated requests
Business

PM responds to Post Office campaigner after repeated requests

November 5, 2024

Between 1999 and 2015 hundreds of sub-postmasters were wrongly prosecuted after the faulty Horizon IT accounting system made it look like money was missing from

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London Tube strikes called off after Aslef talks with TfL
Business

London Tube strikes called off after Aslef talks with TfL

November 5, 2024

Planned strikes on the London Underground have been suspended following talks over pay between the Aslef union and Transport for London (TfL). Industrial action was

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NI tax rise hits workers harder than employers, says watchdog OBR
Business

NI tax rise hits workers harder than employers, says watchdog OBR

November 5, 2024

Prof Miles told the Treasury Select Committee on Tuesday that the OBR estimated employers would only take around a quarter of the hit from the

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Primark owner profits jump despite early summer washout
Business

Primark owner profits jump despite early summer washout

November 5, 2024

Overall, Primark sales across the UK and Ireland grew by 0.7%, stripping out the effect of new shops opening. Its owners also said they were

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