Category: Businesses
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British Businesses Face £42bn Debt Crisis Post Ultra-Low Rates Era
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UK businesses are bracing for a debt crisis as higher interest rates are expected to cost an extra £41.7bn by the end of the decade. As cheap loans expire, borrowing costs are expected to rise, significantly impacting the economy. According to consultancy Baringa, companies will face an average annual increase…
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Natwest on track to exceed investment in women led businesses target: lending £1.5bn to date
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NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025. This is a faster pace than expected, and shows the desire of successful women-owned businesses…
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Wells Fargo Unveils Signify Business Cash Mastercard for Businesses
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Wells Fargo & Company (NYSE: WFC) has unveiled its latest offering for business owners, the Signify Business Cash World Elite Mastercard, designed to address needs in the cash rewards business credit card market. This new card aims to provide business owners with direct rewards and tangible value. New Business Card:…
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Zimbabwe to fine businesses not using official new exchange rate By Reuters
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HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…
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Gen Z are shunning college to launch trade businesses and take apprenticeships
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Chase Gallagher was 12 years old when he started mowing his neighbor’s lawn for $35 apiece. At first, he had just two clients, but after some aggressive postings — with the help of his mother — he had 10 clients a week the following year. Now 23, he is part…