The US central bank has cut interest rates for the third time, despite concerns that the move will boost the economy and risks rekindling price inflation. The decision was expected, with the Federal Reserve’s key lending rate set at a target range of 4.25% to 4.5%. That’s down a full percentage point since September, when…
The US Supreme Court has agreed to hear TikTok’s final legal arguments on why it should not be banned or sold in the US. The US government is taking action against the app because it says it has ties to the Chinese state – links that TikTok and its parent company ByteDance have rejected. Supreme…
getty images More than ten million pensioners are not receiving the 2024 winter fuel payment after the government changed the rules. The payments are only being given to people who are already receiving Pension Credit or other means-tested financial support. Those who are eligible for Pension Credit must claim the benefit before the end of…
getty images What happened to inflation? Inflation in Britain has risen for the second month in a row, with prices rising at the fastest pace since March. The main measure of inflation – looking at how much prices have risen over the past 12 months – increased by 2.6%, This is far below its peak…
Women campaigning about the impact of changes to the state pension age have vowed to carry on after the Government rejected compensation for them. “We are certainly not giving up the fight,” said Debbie de Spohn, membership director of the Women Against State Pension Inequality (WASP) campaign. Meanwhile, politicians have called on the government to…
Prices rose sharply in the year through November. Source link
Amazon workers in the US could go on strike before Christmas after Teamsters union members voted to support industrial action. Workers say the online retail giant has refused to recognize their union and ignored a December 15 deadline to negotiate their contract. Amazon facilities in Southern California, New York and Illinois may be affected, according…
Honda and Nissan have reportedly held exploratory talks about a potential merger to help them compete against electric vehicle (EV) makers, especially in China. In March, the two Japanese carmakers agreed to explore a strategic partnership for EVs. Both companies responded to the BBC with similar statements, saying: “As announced in March this year, Honda…
shuttershock The embattled boss of Swedish fashion brand Gerf Avenue has apologized again after allegations she mistreated her staff and blamed a lack of leadership experience for the company’s lack of growth. “I was not ready,” Matilda Jerff wrote in a post on Instagram, days after a report by Swedish news outlet Aftonbladet led to…
Avanti West Coast train managers strike action has resumed after a proposal aimed at resolving the dispute over rest day working was rejected. RMT union members will now walk out on New Year’s Eve and January 2, as well as every Sunday from January 12 to May 25. The union said that “continued strike action”…
