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The government has ruled out new financial support for companies, including hospitality and retail businesses that face losing crucial sales over the Christmas period, despite introducing fresh coronavirus restrictions. Business lobby groups have called for extra state help to cover losses expected to result from Boris Johnson’s new Covid-19 measures for England, which include guidance

Joe Biden is to hold talks with leaders of eastern European Nato states who fear the US president is open to negotiate with Russia over its demand for the western military alliance to curb its expansion in the region. Following a virtual meeting with Russian president Vladimir Putin on Tuesday, Biden said he planned “to

The food industry is comprised of companies that focus primarily on offering food and non-alcoholic beverage products. It includes grocery stores, food distribution companies, and other companies offering consumer staples that consumers either eat or drink. It does not include restaurant businesses, many of which are considered cyclical because consumers tend to dine out less during economic

Italy’s second-largest bank UniCredit has unveiled ambitious profit targets and said it is planning to distribute more than €16bn to shareholders by 2024. The bank’s new three-year strategy, under chief executive Andrea Orcel, will target 10 per cent annual net profit growth, driven mainly by higher fee income, to reach more than €4.5bn a year

Shares in Go-Ahead, the transport operator stripped this year of the Southeastern rail franchise, dropped on Thursday after it said it would miss the deadline for filing its results and was preparing for its stock to be suspended. The company on Thursday apologised for “serious” failings in its railway business after it failed to declare

On Nov. 8, 2021, Randal K. Quarles submitted his resignation as a member of the Federal Reserve Board (FRB) to President Joe Biden, effective sometime “during or around the last week” of December 2021. The upshot of Quarles’ resignation is that President Biden may be able to fill as many as four seats on the

Deutsche Bank has been notified by the US Department of Justice that it may be in violation of a criminal settlement after it failed to alert authorities about an internal complaint at its asset management division, according to people familiar with the matter. The potential violation of the deferred prosecution agreement threatens the latest setback

Where Kirkland & Ellis goes, others eventually have to follow. That is the major lesson for law firms of recent years. Which makes Kirkland’s move to cut the time it takes to become an equity partner all the more galling for London’s elite practices. Across the City, partnership tracks have lengthened. Mid-rank lawyers are stagnating

When you buy a home, one of the biggest up-front expenses is the down payment. Not to be confused with closing costs, the down payment is the portion of the purchase price that you pay upfront at closing. Generally, if you put less money down on a home at closing, you’ll pay more in fees

Japanese billionaire Yusaku Maezawa arrives at the International Space Station on Dec. 8, 2021 after launching on a Russian Soyuz spacecraft. NASA TV Japanese billionaire Yusaku Maezawa arrived at the International Space Station on Wednesday, where he’ll spend nearly two weeks visiting as a private space tourist. Maezawa launched on a Russian Soyuz spacecraft along

Boris Johnson on Wednesday unveiled sweeping new coronavirus restrictions to combat the rapid spread of the Omicron variant as he apologised “unreservedly” for a leaked video that showed his aides joking about Christmas parties during lockdown. The new restrictions for England include guidance to work from home from Monday, while masks will be mandatory for

Instagram’s chief executive has called an external regulator to set rules for how social media companies protect children during a congressional hearing into how the platform affects its younger users. The testimony from Adam Mosseri before the US Senate consumer protection subcommittee on Wednesday comes after revelations from a whistleblower that Instagram covered up research

The beer industry is made up of companies specializing in the production of beer, although many of them produce other alcoholic and non-alcoholic beverages. Some of the big names in the industry include Netherlands-based SABMiller International BV, Belgium-based Anheuser-Busch InBev SA/NV (BUD), and Japan-based Kirin Holdings Co. Ltd. (KNBWY). Demand for beer, a beverage, historically

Nestlé is selling back part of its stake in L’Oréal for almost €9bn, scaling down a decades-old relationship between the world’s largest food company and the cosmetics maker. The Swiss group said on Wednesday it would sell back €8.9bn of shares to the French company, leaving Nestlé with a 20.1 per cent holding in L’Oréal

The pound dropped to its lowest level in more than a year against the dollar on Wednesday as the prospect of fresh coronavirus restrictions clouded the outlook for the UK economy. Sterling traded 0.5 per cent lower to $1.317 after the Financial Times reported that Boris Johnson is set to implement the “Plan B” of

The deadlines for SIMPLE IRA contributions vary depending on the type of contribution and whether the employer or employee is making it. The following is a breakdown of what you need to know. How SIMPLE IRAs Work A “savings incentive match plan for employees” (SIMPLE) IRA is an employer-sponsored plan that provides employees with a

In this article .DJI CNBC’s Jim Cramer said Tuesday the market’s snapback has taken many investors off guard, and it’s being fueled by the rush to get back into stocks as emerging evidence indicates that the omicron Covid variant might not be as serious as first thought. “I think this caught a lot of people

London First, the leading business group in the UK capital, is preparing to rename itself after concluding the brand clashes with the government’s “levelling up” agenda. With prime minister Boris Johnson determined to spread investment more evenly around the country, the group has decided that its name is “tin-eared”. “We are doing a name change

Congressional leaders have struck a deal that paves the way to raise the federal government’s borrowing limit and avert a looming crisis over the US debt ceiling. The Democrat-controlled House of Representatives passed a measure in a vote along party lines on Tuesday that would allow the Senate to raise the ceiling by a simple

The American healthcare system is complex, and it can be challenging to navigate, especially when you’re looking for a new provider. To make the process easier, Google has added filters to its search function to help smartphone users find providers that accept Medicare or particular private insurance plans, or speak different languages. Key Takeaways Google

The company’s YAM-2 spacecraft during integration for launch. Loft Orbital Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock. The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its

The US is putting pressure on Germany to block Russia’s Nord Stream 2 gas pipeline as part of a package of potential sanctions that would be implemented in the event of Vladimir Putin invading Ukraine. The demand for Berlin and Brussels to prevent the pipeline from becoming operational is part of a sanctions package the

An offshoot of the Omicron variant could be more difficult to distinguish from other variants through routine PCR tests, making it harder to track the global spread of the heavily mutated strain. On account of a genetic quirk, Omicron, first identified in southern Africa, can be identified by a certain type of PCR test because

What Is an Emerging Market Economy (EME)? An emerging market economy (EME) is defined as an economy with low to middle per capita income. It is a nation whose economy mimics that of a developed nation but does not fully meet the requirements to be classified as one. The term emerging markets was coined in

Ruaha National Park, Tanzania Sophy Roberts In September, I travelled to Tanzania and discovered a stowaway in my bag: a slim volume by the Japanese novelist, Junichiro Tanizaki. Called In Praise of Shadows, it is a porcelain-fine treatise on Japanese aesthetics, much of it describing the Japanese home. “Such is our way of thinking —,” writes Tanizaki,

The Direxion Daily S&P Biotech Bull 3X Fund (NYSEARCA: LABU) is an exchange traded fund (ETF) that seeks to replicate 300% of the daily performance (before fees and expenses) of its underlying index, the S&P Biotechnology Select Industry Index. LABU seeks daily leveraged investment results and is intended as a short-term trading vehicle, not a

The UK government seems to want to Build Back Better at any cost. And the cost in question is the fees being paid by the nation’s savers through their pension schemes. Such is the urgency on this topic that the last reform aiming to get more of savers’ cash into less liquid asset classes like

When is the right time to retire? It’s a question that depends on your personal needs and circumstances—not to mention your plans for what you’ll do instead. We’ve all had days when we’re prepared to hand our boss a resignation letter and lead the good life of a retiree. While leaving the workforce early might

Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer on Monday warned investors that selling stocks in thin trading during the early morning premarket hours is not a sound strategy. “The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening.” Cramer said on “Squawk

Joe Biden has decided not to send a US government delegation to the Beijing Winter Olympics, in a diplomatic boycott designed to send a strong message to China about the persecution of Uyghurs in Xinjiang. Jen Psaki, White House press secretary, said the administration would not send any officials to the games, which start in