Business
November 16, 2024
3 views 9 mins 0

Record numbers seek help with water bills

BBC Morgan Davies and Ellie Bryan got their water bills cut after a no-fault eviction left them struggling The number of households seeking help with water bills in England and Wales rose by more than 250,000 last year, according to figures seen by the BBC, but support varies widely depending on where people live. Water […]

Business
November 15, 2024
3 views 10 mins 0

China megaport opens up Latin America as wary US looks on

Reuters Peru’s new megaport is Chinese-built As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America. Trump won the US presidential election on a platform that promised tariffs as high as 60% on […]

Business
November 15, 2024
3 views 9 mins 0

Post Office scandal: Who knew what and when?

Getty Images Former Post Office boss Paula Vennells’ appearance at the inquiry was greatly anticipated After months of evidence, the Post Office Inquiry heard from its final witnesses this week. Closing statements will follow next month before inquiry chair Sir Wyn Williams publishes his final report next year. Much of the evidence centred around who […]

Business
November 15, 2024
3 views 6 mins 0

Why mortgage costs are rising despite interest rate cut

Getty Images Mortgage costs are rising – with the average rate on a two-year fixed deal now at 5.5% – despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days. That has created a headache for […]

Business
November 15, 2024
3 views 5 mins 0

'Super appreciate': Elon Musk reacts to major advertisers returning to X

Elon Musk (Picture credit: Reuters) Tech billionaire Elon Musk said on Friday that he appreciates major brands resuming advertising on his social media platform, X, after boycotting it due to ‘brand safety’ concerns. This comes after reports of several brands returning to the platform following US President-elect Donald Trump’s victory and Musk’s appointment to lead […]

Business
November 15, 2024
5 views 3 mins 0

GM lays off 1,000 employees amid reorganization, cost-cutting

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the […]

Business
November 15, 2024
3 views 13 mins 0

Why Home Depot made an $18.25 billion bet on the pro business

A warehouse for Texas Pool Supply, a company that’s part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It’s an example of the specialized business that Home Depot includes after acquiring SRS. Melissa Repko | CNBC PLANO, Texas — In a suburban warehouse, giant buckets […]