Lord Jacob Rothschild, the financier and scion of the Rothschild banking family, has died aged 87. The City grandee started his career at the family bank NM Rothschild & Sons in 1963 before co-founding a number of firms including J Rothschild Assurance Group, now St James’s Place, with Sir Mark Weinberg in 1980. He held … Read more
NEW YORK (AP) — This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday. The economy looks set to grow 2.2% this year after adjusting for inflation, according to the National Association for Business Economics. That’s … Read more
In September 2017, Singapore-based lawyer Pav Gill took a job at Wirecard, a high-flying German payments business worth tens of billions of euros. Not long after he started, he heard from a colleague that an executive at Wirecard Asia, the region Gill was responsible for, had allegedly been teaching staff how to trick auditors into … Read more
Is a mini poppadom a crisp? Is a Jaffa Cake a biscuit? Is a flapjack confectionery? These are all questions tax officials in the UK have had to wrestle with in the 51 years since VAT was introduced. The tax, which you pay when you buy goods and services, is charged at three rates: the … Read more
Denmark has dropped its investigation into the 2022 explosions on the Nord Stream pipelines carrying Russian gas to Germany, becoming the second country to do so after Sweden closed a separate inquiry. The multibillion-dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series of blasts in the … Read more
About £4.7bn that would have been spent bringing HS2 to Manchester and Leeds is to be reallocated to transport projects in smaller towns and cities in the north of England and Midlands, ministers have said. The money is specifically for communities that are outside city regions, in places such as Blackpool, Hull and Leicester, as … Read more
Young people are more likely to be out of work because of ill health than people in their early 40s, a report calling for action on Britain’s mental wellbeing crisis has found. People in their early 20s with mental health problems may have not had access to a steady education and can end up out … Read more
After a slow start for the first two days, the initial public offer (IPO) of GPT Healthcare was fully subscribed on the last day of the bidding process. The overall subscription stood at 2 times with all the categories (retail, NII and QIB) getting fully booked. GPT Healthcare IPO GMP In the unlisted market, the … Read more
Peak summer air fares in Europe are likely to rise again this year by up to 10%, according to Ryanair, as problems with aircraft at Boeing and Airbus leave customers scrambling for seats. The increase would come on top of the sharp post-pandemic rise in holiday flight prices last year when pent-up demand met limited … Read more
My 85-year-old mother has had her savings drained after signing up for continuous card payments to mail order companies Easylife and Premier Offers Direct. Every month £89 and £19.99 were debited for subscriptions to lifestyle magazines. In October, £350 was taken in seven transactions, several on the same day. My mother fractured her skull two … Read more
