Category: Face
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Amazon closures a ‘slap in the face’ to Quebec workers, union says
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Breadcrumb links news More than 1,700 full-time employees will lose their jobs as the e-commerce giant closes all of its operations in the province, including its warehouses. Posted on January 22, 2025 • 3 minute read You can save this article by registering for free here. Or log in if…
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HMRC phone lines under fire as callers face 70-minute waits
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HMRC has come under renewed scrutiny after figures showed more than 44,000 callers were suddenly cut off while waiting last year, with some facing waiting times of up to 70 minutes. This revelation comes as millions of taxpayers prepare to file their returns before the end of the current tax…
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Trump’s economic plans face ‘highly unusual’ bond market as national debt continues to balloon
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Donald Trump is used to managing debt. But not like this. As a real estate developer, Trump relied heavily on borrowed money to finance projects. The problem of repaying his debts contributed to this Six business bankruptcies. Trump Fight again By writing off some loans, refinancing others, finding new lenders,…
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Crypto Trader Makes $21M As AI Agent Tokens Face Backlash
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This article is also available in Spanish. Some cryptocurrency traders have made millions of dollars from the latest trending narrative, artificial intelligence (AI)-related tokens. However, the sector’s rapid rise in popularity has received backlash from many community members and industry figures, who consider the tokens “worse” than the memecoin trend.…
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Warren Buffett tells people to buy an S&P 500 index fund. A celebrity tech investor says they face a ‘rude awakening.’
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Warren Buffett, CEO of Berkshire Hathaway.Reuters/Rick Wilking Warren Buffett has long recommended a low-fee S&P 500 tracker fund for amateur investors. Chamath Palihapitiya says it has become more serious as a group of stocks now dominate the index. Buffett mostly avoids technology names, but Apple has been his No. 1…
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Online traders face crucial HMRC deadline as eBay sellers risk large tax bills
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Leading audit, tax and business advisory firm Blick Rothenberg has warned that eBay sellers and other online traders could face significant tax demands if they fail to register for self-assessment by the end of the year. Under new reporting rules, platforms such as eBay must provide HMRC with details of…
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buy american oil or face heavy tariffs, eu told
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Donald Trump has threatened European Union member states with punitive tariffs if they fail to buy more US oil and gas, reviving the prospect of a renewed trans-Atlantic trade war. On Friday, the president-elect announced on social media: “I told the European Union that they must offset their massive deficit…
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UK exporters face £27bn Brexit hit as smaller firms bear the brunt
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Small UK exporters have been hit hard by new post-Brexit barriers, contributing to a £27bn shortfall in goods sales to the EU since Britain left the bloc’s single market and customs union. Research by the Center for Economic Performance at the London School of Economics reveals that Brexit led to…
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Farmers face £600m hit as second-worst harvest on record intensifies pressure
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British farmers are set to collectively lose around £600 million after poor growing conditions produced the second-worst wheat crop on record. New figures from the Department for Environment, Food and Rural Affairs revealed that the UK wheat crop fell to 11.1 million tonnes in 2024, down from 14 million tonnes…
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British retailer warns Reeves’s budget will deliver a £50m ‘punch in the face’
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Fraser Group has warned that Rachel Reeves’ budget will cost it at least £50m next year, likening the impact on retailers to a “punch in the face”. Michael Murray, chief executive of the British retail group, said the latest financial measures would force companies to cut costs and could damage…
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Construction awards face sexism backlash over performers in tight-fitting PPE outfits
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A construction industry awards ceremony has sparked controversy over sexism after female performers appeared wearing skimpy clothing, leading to widespread criticism and calls for change within the sector. On The Tools, an online community for builders, faced backlash when photos emerged from a recent awards ceremony showing women wearing tight…
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Vauxhall workers face 140-mile relocation or job loss as Stellantis shuts factory
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Car maker giant Stellantis has announced plans to close its 120-year-old factory that makes many Vauxhall cars, leaving more than 1,000 employees with the daunting dilemma of moving 140 miles north or losing their jobs. The $205 billion carmaker said it plans to cease operations at its Luton truck manufacturing…
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Millions of UK tourists could face new visitor levies as councils seek to fund services
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Tourists visiting the UK may soon be required to pay a domestic visitor fee, as councils consider introducing overnight stay fees to support services strained by overtourism. This move follows similar measures in European destinations such as Berlin and Barcelona and aims to address the challenges posed by record visitor…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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Online taxis, food delivery firms, freelancers face hefty 6pc tax in new plan
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Ride-hailing services, online freelance jobs and food delivery companies face a tougher 6% tax, as the Treasury revived a proposal to raise revenue from these sources. In its new proposals, the Treasury proposed a new significant economic presence (SEP) tax at a rate of six percent, four times the 1.5…
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Family businesses face new inheritance tax burden as relief cut to 50%
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In a major shift affecting family-owned businesses, the Chancellor of the Exchequer has announced that the Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family businesses to inheritance tax for the first time in decades. Although business assets were previously exempt, they will…
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Half of firms face delisting in secret owners crackdown
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More than half of the 794,741 companies registered in Kenya face the risk of delisting due to their failure to disclose the identities of secret shareholders who control more than 10% of the companies’ shares. As of last week, 50.28 percent or 399,595 registered businesses had not disclosed details, including…
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Bitcoin Short Positions Face Serious Risk Above $68,500 – Details
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This article is also available in Spanish. Bitcoin had a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and bullish momentum, the market has calmed down, and Bitcoin is currently consolidating below the critical $70,000 level. This consolidation…
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UK nightclubs face extinction as 10 venues close per month, industry warns
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The UK’s popular nightclub scene is on the verge of collapse, with an alarming rate of 10 nightclubs closing every month, according to new research by the Night-time Industries Association (NTIA). The report warns that unless the government intervenes, the UK could see “the end of the era of generation-defining…