Business
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Aberdeen is the cheapest city to get on the property ladder out of 50 analysed by Rightmove. Carlisle is the cheapest for renters across Britain, the property site found. At the other end of the spectrum, St Albans in Hertfordshire was named as the most expensive city to be a first-time buyer outside London. Meanwhile, Oxford was…
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Tesco is being monitored by the UK’s supermarket regulator after it began imposing an “Amazon-style” fulfilment fee on online suppliers, according to The Times. The supermarket faced criticism after it imposed the fee, which is linked to processing orders, picking and shipping products, and managing returns. Brands and suppliers said the fee could put many…
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Inheritance tax receipts surged to a record high last year due to the government freezing the threshold at which you start to pay. Official figures show the government received £7.5bn in inheritance tax (IHT) receipts in the financial year to the end of March – an increase of £400m on the same period the previous…
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The FTSE 100 hit another all-time high this morning following its record performance yesterday. The index, of the 100 most valuable companies on the London Stock Exchange, soared to 8,071 points shortly after the opening. It marks a new “intraday” (during the day) record. Later in the morning, the FTSE 100 eased back to 8,060 points, but…
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Bakeries in northern Gaza have resumed production after 170 days, the World Food Programme has said. The humanitarian organisation said after the delivery of fuel and wheat flour, four bakeries were now up and running. Last week, the union of bakery owners in Gaza said there were 140 bakeries operating in the area before the…
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eBay has dropped fees for the sale of second-hand clothing. The online marketplace has scrapped any charges for the sale of pre-owned clothes as of today, in what it says is an effort to keep garments out of landfill. This means it is now free to sell second-hand clothing through the site, even if it has…
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The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China’s Hainan Province on Thursday, with China’s top legislator Zhao Leji stressing China’s economic potential, appealing to international investors and calling for Asia solidarity and cooperation for regional prosperity in his keynote speech. Zhao, chairman of the…
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Poland’s prime minister says his country is “close to a solution” with Ukraine over agricultural imports. While Poland has been a staunch supporter of Ukraine in its defence against Russia, the issue has been a major sticking point in relations between the two countries. Polish farmers have been in uproar over what they say is…
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Tim Cook, CEO of the American technology giant Apple, is facing criticism at home over laudatory remarks he made about China during a recent visit to try to boost sagging iPhone sales in the lucrative market. Cook was in Shanghai for the opening of China’s largest Apple retail store on Friday and met with Chinese…
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The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla. MEZIESBLOG reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion. A statement issued…
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On March 16, Bank Negara Malaysia (BNM) said that Google misquoted the exchange rate of the country’s currency, the ringgit, twice, undervaluing it against the U.S. dollar. It would seek an explanation from the U.S. tech giant, it added. The ringgit has weakened about 2.44 percent this year, declining to a 26-year low last month.…
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Bitcoin has suffered a sharp pullback from record highs. The world’s biggest cryptocurrency fell to $66,885 in the early hours of Friday – down 9%. Only yesterday, the digital asset had been touching an unprecedented price of $74,000. It is difficult to pinpoint a single reason for Bitcoin’s sudden contraction, as several are at play. For one, many crypto…
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Many governments encourage FDI in their countries as a way to create jobs, expand local technical knowledge, and increase their overall economic standards. Countries like Hong Kong and Singapore long ago realized that both global trade and FDI would help them grow exponentially and improve the standard of living for their citizens. As a result,…
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EU regulators on Monday dealt a hefty blow to tech giant Apple, slapping the company with a staggering €1.8 billion ($1.9 billion) fine for “abusing its dominant position on the market for the distribution of music streaming apps.” The penalty marks the first time the European Commission has fined Apple and ranks as the third-largest…
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Africa’s richest man and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has recommended that Nigeria moves from resource-based to knowledge-based economy. Dangote made the recommendation in a pre-convocation lecture he delivered as part of activities lined up for the 38th convocation of the Bayero University, Kano, at the weekend. “Given the tremendous benefits…
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Sainsbury’s has revealed plans to cut around 1,500 roles as part of a previously announced shake-up of its operations. Sky News revealed earlier this month how the company, which also owns Argos, had refused to rule out job losses under the strategy update for investors. It included a greater focus on food within its supermarkets, claiming more…
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