Quick Facts About Sylvester Turner: Death, Net Worth, Political Career and Family
Sylvester Turner, former Houston mayor and U.S. congressman, has died at 70, leaving behind a legacy of leadership, fiscal reform, and community advocacy.
Brits Have Less Than A Month To Do State Pension Boost Or Miss Out On Benefits
UK residents under 73 have until 5th April 2025, to boost their state pension by paying for missing National Insurance years from 2006-2018.
'Go To Therapy and Get Back To Work': UK's Sunak and Ministers Crack Down On 'Sick Note Culture'
Government proposes major overhaul of disability benefits amid concerns over NHS backlogs and patient wait times for mental health treatment.
IKEA Invests £35 Million in UK Co-workers' Financial Wellbeing Amidst Market Challenges
The retail giant plans to achieve this by implementing a series of measures, including pay increases aligned with the true cost of living and year-end bonuses tied to the company's FY23 performance.
The cost-of-living crisis is driving 1 in 5 older Brits to live on credit
A recent report has highlighted how people 50 years of age and above are living on credit to make ends meet due to the cost-of-living crisis fueled by high inflation and energy bills.
King Charles III pays Prince Harry's palace 'nemesis' up to £150k compensation
Former royal aide Sir Edward Young received the amount as part of his redundancy package.
Cost of living crisis drops UK workers' retirement figures to 1 million
A recent report describes this phenomenon of people postponing their retirement plans as "the great un-retirement", given the number of people out of the labour market has reduced compared to last year.
Around 50% of UK retail investors lack knowledge about ETFs and IFISAs
A recent study shows that numerous UK investors are unaware of tax-efficient investment options such as ETFs, IFISAs and other products beyond traditional ISAs.
Investors call on five European banks to end new oil and gas finance
European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday.
Italy's draft budget centres on energy aid
Italy's new far-right government unveiled its 2023 draft budget on Tuesday, with most of the nearly 35 billion euros in spending going on the energy crisis rather than flashy electoral promises.
Italy's Meloni to unveil budget with 30 bln euros to lift economy
Italian Prime Minister Giorgia Meloni's first budget, due to be approved by her cabinet on Monday, will focus on curbing sky-high energy bills and cutting taxes for payroll workers and the self-employed, government officials said.
Italy economy minister promises fiscal prudence, lower debt
Italy aims to follow a cautious fiscal policy in order to lower its public debt but is ready to act quickly to curb surging energy costs and head off recession risks, Economy Minister Giancarlo Giorgetti told parliament on Wednesday.
UK bond turmoil leaves smaller pension schemes with longer-term costs
The recent crisis in Britain's government bond market means smaller UK pension schemes may fork out more money for a bespoke liability-driven investment (LDI) strategy in future to ensure better protection, industry sources say.
Pensions: how yours may have been affected by recent market turmoil
Sudden changes in the gilts market are rare, but when they do happen it can cause major problems for certain types of pension scheme.
UK crisis forces 'off kilter' businesses to halt investment
British company owners are pulling investments as a crisis triggered in Westminster pushes up borrowing costs and hits confidence in an economy once seen by businesses as a haven of stability.
UK economy on brink of recession as it shrinks in August
Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
BoE doubles size of bond buy-backs as emergency plan nears expiry
The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency programme to calm turmoil in the government bond market, including a doubling of the maximum size of its planned debt buy-back on Monday.
World Central Banks Caught In The Fed's Slipstream
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.
Under water: How the Bank of England threw markets a lifeline
Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated.
India Calls Off Hundreds Of Trains As More Protests Loom Over Recruitment
Authorities in India cancelled more than 500 trains services on Monday because of calls for protests by young men angry with a military recruitment plan that they say will rob them of the opportunity of a career in the armed forces.
Pension Investors Launch Campaign Against Dual-class Share Structures
Leading UK and U.S. pension investors managing more than $1 trillion have launched a campaign to stop companies using dual-class share structures that concentrate voting power in the hands of certain shareholders at the expense of others.
Queen's grandson-in-law Mike Tindall claims furlough cash despite millionaire status
The World Cup-winning rugby star claimed government aid for his one-employee company Kimble Trading Ltd.
Toys R Us enters administration placing 3,000 jobs at risk
All 81 branches of the children's toy store are expected to remain open for the foreseeable future,
Final-year university exams could be cancelled if academics escalate their strikes
Students at universities could see their final-year exams cancelled as academics plan to increase their strikes.
Why Carillion was a massive Ponzi scheme
the collapse of Carillion says a great deal about the state of Britain in the twenty-first century.
Carillion liquidation: Who is chairman Philip Green and what will happen to company pensions?
Construction giant has debts of £900m and entered voluntary liquidation after talks to keep it afloat failed.
HS2 construction company with £1.5bn debt 'could collapse into administration in just a day'
Government talks are taking place to save Carillon, one of the contractors for high-speed rail link HS2, but ministers have reportedly ruled out a financial bailout.
NHS Crisis: Doctors and nurses are 'leaving on their knees'
News broke this morning that the NHS were facing an unprecedented 'crisis'. We spoke to staff who said that others like them have been "leaving on their knees".
'We don't live in 1999': Toys R Us puts 3,200 UK jobs at risk and Twitter is showing little sympathy
The retail brand is required to put £9m into its pension fund for the Pension Protection Fund (PPF) to agree to its restructuring plan.
Thousands of UK jobs at risk as Toys R Us nears administration
Up to 3,200 jobs are at risk at troubled toy retailer Toys R Us after the Pension Protection Fund told it to plug a black hole in its pension scheme.