Another week, another crucial economic announcement from the chancellor. One of the striking things about policymaking this year is that most of the major economic decisions have happened outside the usual set-piece events. Since the last budget back in March, Rishi Sunak has implemented the furlough scheme, perhaps the single most important labour market measure […]
NEW YORK (Reuters) – Stocks hit record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after U.S. President-elect Joe Biden got the formal go-ahead to begin his transition to the White House. Short of spelling out his defeat after repeated false claims that he had won the Nov. 3 […]
Recent Sale $4.925 MILLION 210 Prospect Park West (at 16th Street) Brooklyn Built in 1905, this 11,552-square-foot, four-story building in Park Slope has 15 rent-stabilized apartments — eight one bedrooms and seven two-bedrooms — and one commercial space, occupied by the Double Windsor, a craft-beer bar. One apartment is vacant. Buyer: Sam Kooris Seller: 573 […]
ZURICH (Reuters) – Credit Suisse expects to take a roughly $450 million impairment on alternative investment firm York Capital Management’s retreat from its core hedge funds business, the Swiss bank said.FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd […]
The Inland Revenue Department has admitted there were “unacceptable delays” in transferring some KiwiSaver employer contributions to providers after it switched to a new technology system in April. But it will require Cabinet approval if there is to be compensation for the thousands of New Zealanders whose money was left sitting with the IRD earning […]
Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, according to two Democratic allies. A spokesman for Biden’s campaign declined to comment. Yellen, reached by phone, also declined to comment. Yellen, 74, would be the first woman to head […]
Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, according to two Democratic allies. A spokesman for Biden’s campaign declined to comment. Yellen, reached by phone, also declined to comment. Yellen, 74, would be the first woman to head […]
The drug maker AstraZeneca announced on Monday that an early analysis of some of its late-stage clinical trials, conducted in Britain and Brazil, showed that its coronavirus vaccine was 70.4 percent effective, on average, in preventing Covid-19, the latest encouraging sign that vaccines may fulfill their potential as the world’s best hope to help curb […]
Crossrail, London’s long-delayed £19bn east-to-west rail link, faces being “mothballed” without the release of urgent new government funding, the capital’s transport chief has warned ministers. Sky News has learnt that Andy Byford, the London transport commissioner, wrote to the permanent secretary at the Department for Transport (DfT) this week, seeking £80m of immediate support to […]
Stay up-to-date with The Insider, a weekly column featuring what’s happening behind the scenes in business. Mystery Kiwi buys Hart yacht Billionaire Graeme Hart’s $21.4 million Princess superyacht Odyssey has been bought by a New Zealand businessman. The sleek 40.2-metre vessel has been in the Mediterranean but is due back in Auckland in the New […]