Business
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Vietnam attracted 27.26 billion U.S. dollars in foreign direct investment (FDI) in the first 10 months of this year, a year-on-year increase of 1.9 percent, the country’s General Statistics Office has reported. Specifically, Vietnam licensed 2,743 new FDI projects with a total registered capital of 15.23 billion dollars, up 1.4 percent year on year in…
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Brick and mortar stores are making a comeback in Europe, signaling a lessening of consumer desire for the convenience of online shopping. And with it, they are giving an economic shot in the arm to hard-pressed high streets. The experience of isolated living during the COVID-19 pandemic contributed significantly to the rise of e-commerce, but…
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As fuel consumption plummets nationwide due to soaring prices, oil marketers have expressed concerns over significant losses, with around 10,000 oil dealers about to shut down. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that fuel consumption dropped to 4.5 million litres per day in August 2024, down from 60 million litres…
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For this week’s Savings Guide, Savings Champion co-founder Anna Bowes looks at the Help to Save scheme. She writes… The Help to Save scheme was launched in September 2018 and has been extended until April 2025 to help people on some benefits save. The scheme offers a fantastic 50% bonus on the amount saved and is available…
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The number of women investing in gold and silver has more than tripled since 2018, the Royal Mint has said. Gold prices have been hitting record highs in recent days, with investors flocking to the so-called safe haven commodity amid falling interest rates, conflict in the Middle East and uncertainty of the impending US election.…
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Ryanair has said it will cut 12% of its traffic through German airports next year in a row with the government there over high location charges. The cuts will result in a loss of 1.8 million seats from the start of the summer flight plan in April 2025 and will see Ryanair close its Dortmund,…
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Tesla faces a watershed moment on Thursday (Oct 10) when CEO Elon Musk takes the stage at the Warner Bros Hollywood studio to unveil much-delayed plans for a robotaxi, a project that has reignited the electric vehicle maker’s stock, despite cooling expectations for EV growth. Musk has said Tesla’s robotaxi product — called a Cybercab — will be…
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Shares in the owner of convenience store giant 7-Eleven jumped on Wednesday after it received a new takeover offer from Canadian rival Alimentation Couche-Tard. Japan’s Seven & i Holdings confirmed the new approach but did not reveal any new details. The announcement came after Bloomberg News reported that the new offer valued the firm at…
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An Australian court on Tuesday approved a fine for Qantas, the national flag carrier, for selling thousands of tickets for canceled flights. The Federal Court of Australia approved a 120 million Australian dollar (80.7 million U.S. dollar) settlement between the national flag carrier and consumer watchdog the Australian Competition and Consumer Commission (ACCC) over the…
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Tokyo stocks dropped on Wednesday, tracking overnight declines in the United States and fueled by concerns over the widening regional conflict in the Middle East. Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, lost 2.18 percent, or 843.21 points, to close at 37,808.76. The drop followed the decline in the U.S. market, driven…
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Vodafone and Three UK have pledged to cap their lowest-cost mobile plans at £10 for two years to try and convince the UK’s competition watchdog to approve their £15bn merger. The Competition and Markets Authority (CMA) has been investigating the mega-deal since it was announced last summer, and could choose to block it if it…
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Baked beans are a staple of British cuisine, with a reported two million tins eaten every day – but which should you reach for to get the best taste? In what might come as a surprise to some, Aldi’s own-label baked beans have come out top in a blind taste test by Which? experts –…
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Finance Adviser Dr Salehuddin Ahmed has expressed doubts over securing substantial foreign investment, urging the government to focus on enhancing internal revenue collection. He emphasized the need to reduce the time required for revenue collection. Speaking at a discussion titled “Changes in Direct Taxes through the Finance Act, 2024,” organized by the Bangladesh Civil Service…
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The UK’s financial watchdog is investigating a £4bn insurance market following concerns it is not providing “fair value” for customers seeking financial protection in case of serious illness or death. The Financial Conduct Authority (FCA) has announced it is launching a market study into so-called pure protection products, which are designed to help individuals and…
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It’s likely to be one of the last few days that Burberry is included in the list of 100 most valuable companies on the London Stock Exchange – the FTSE 100 – and this morning the British fashion retailer is the biggest loser of the index. Its share price is down 1.69%, the most of…
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Heinz has announced its first pasta product launch in a decade – a canned version of the beloved Italian dish spaghetti carbonara. People’s takes on carbonara can sometimes stir up controversy online – cream or no cream? Pecorino or parmigiano? Only egg yolk or also egg white? But Heinz says it has “come to the…
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