Tuesday, 8 Jul 2025

Business

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Millions still buying warranties – but you may be better off without one

Every year millions of us buy warranties to protect our purchases. The problem is that what sounds like a good idea, can often work out as an expensive mistake. Worse, it’s one that people often feel pushed into making. When consumer association Which? asked, a quarter of the people who’ve bought warranties in the past […]

Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua

BEIJING (Reuters) – Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United […]

Richard Curran: '2018 has been the year of the Good, the Bad and the Brexit'

It has been a difficult year to define or neatly sum up in the business world. The headlines have been dominated by Brexit which is all about uncertainty and bad news. Yet the economy still kept growing at a very solid pace. New jobs from inward investment and indigenous firms have been created and the […]

India's online sellers to appeal against competition commission's Flipkart ruling

MUMBAI (Reuters) – A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using […]

OPEC is not the enemy of the US, UAE minister says

ABU DHABI (Reuters) – The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi. “We are complementing each other, we are not enemies here,” he told an industry news conference in Abu Dhabi, addressing the relationship between OPEC […]

SpaceX to layoff 10 percent of workforce

(Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary […]

Millions in the dark over tax-free allowance, what we’re getting wrong

Most people don’t know how much money can earn before tax kicks in, a new study found. And that’s just one of the results of a new study by consumer group Which? "There are clear gaps in the nation’s knowledge of the tax system – with many people not even aware of the basic tax-free […]

SpaceX to lay off about 10 percent of its workforce: LA Times

(Reuters) – Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, the Los Angeles Times reported on Friday, citing an unnamed source. The company did not respond to requests for comment outside regular business hours. Source: Read Full Article

Wall Street's five-day rally flickers out as earnings near

(Reuters) – Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks. Underpinned by optimism over China-U.S. trade talks and expectations of a slow pace of interest rate hikes from the Federal […]