Cash may no longer be king but an unprecedented global outage has put paid to the idea Australia will do away with paper notes and coins anytime soon. Banks, airlines, supermarkets, media organisations and retailers were unable to operate on July 19 after an outage triggered by major cyber security firm CrowdStrike releasing a Windows … Read more
Mumbai: India’s stock benchmarks jumped over 1.5% on Friday with the Nifty closing at new all-time highs, erasing all losses in the previous three trading sessions after the budget increased taxes on equity market transactions. Analysts said indicators point to an overbought market, but the renewed bullish momentum could push the markets higher and the … Read more
Mumbai: Private sector IndusInd Bank Friday reported a flat 2% on-year rise in its June quarter net profit at ₹2,171 crore as business slowed in a seasonally weak review period that the lender’s chief executive described as “challenging.” Analysts tracked by Bloomberg had pegged net profit of ₹2,358.6 crore. The lender had earned a net … Read more
Mumbai: The Securities and Exchange Board of India has barred former liquor baron Vijay Mallya from accessing the securities market for three years for routing funds to the Indian capital markets by using his overseas bank accounts with UBS. The regulator has also restrained Mallya from associating with any listed company directly to indirectly for … Read more
Use your Ghic card The UK Global Health Insurance Card is not actually global – it just covers the European Economic Area (EEA) and a handful of other countries including Montenegro, Switzerland and, surprisingly, Australia. It gives you access to the state healthcare that a resident of that country would receive, so not everything may … Read more
NatWest was forced to spend £24m on the former Conservative government’s aborted “Tell Sid”-style campaign featuring Sir Trevor McDonald, which would have resulted in a chunk of the bank’s state-owned shares being sold to the general public in a highly anticipated privatisation drive. The price tag emerged when the bank released its second-quarter results and … Read more
The average Norwegian, better known for loving nature than destroying the planet, is more likely than anyone else to drive to work in an electric car and warm their home with a heat pump. When they turn on the kettle in the morning or charge their phone at night, Norwegians plug into an electricity grid … Read more
Cash stuffing Every Thursday night Jen Bowen, 39, a business analyst from Swindon, puts a Post-it on the fridge telling her husband how much to withdraw from the ATM or, if she needs a specific denomination note, the post office on his way to the gym. Friday is cash-stuffing day, where she opens her binders and meticulously … Read more
A greener economy could bring millions of jobs to some of the largest countries in Africa, according to a new report. Research by the development agency FSD Africa and the impact advisory firm Shortlist predicts that 3.3 million jobs could be generated across the continent by 2030. Forecasting Green Jobs in Africa predicts that 60% … Read more
The owner of the Drax power plant in North Yorkshire will give shareholders a £300m windfall after a sharp rise in taxpayer subsidies boosted its profits for the first half of the year to more than £500m. The power station, which receives hefty subsidies from burning biomass wood chips, mainly shipped from North America, generated … Read more
