Category: fears
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Business confidence dented by fears of higher taxes in budget
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Business confidence fell for the first time in a year amid growing concerns about potential tax rises in the upcoming budget. According to the latest Business Confidence Report from the Institute of Chartered Accountants in England and Wales (ICAEW), confidence among businesses fell from 16.7 in the second quarter to…
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One-third of homes for sale now chain-free as tax fears loom ahead of budget
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A third of homes currently for sale in the UK are chain-free, as landlords and second homeowners rush to sell amid speculation about potential rises in capital gains tax in the next Budget. According to Zoopla, a real estate search site, the number of agreed-upon home sales is up 25%…
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Israelis shunning NIS 200 bills due to abolishment fears
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With the Israeli government considering scrapping the 200-shekel banknote to fight the black economy and tax evasion, some Israelis are reportedly already taking action. Although the Bank of Israel has poured cold water on the idea, saying that “no sufficiently well-founded professional justification has been provided,” there are reports of…
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Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex
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Bitcoin (BTC), the world’s largest cryptocurrency, has surged more than 22% over the past two weeks to trade at around $63,200, after a sharp drop to $52,000 on September 6. That’s the highest level Bitcoin has reached in nearly two months. Critical resistance looms at $65,200 According to a recent…
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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns
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XRP wallet Another notable transaction from one of the largest XRP holders, likely Chris Larsen, appears to be in preparation for a sell. The transaction, which occurred within the last 48 hours, led to a series of subsequent transfers over the past 24 hours, which were eventually linked to cryptocurrency…
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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns
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XRP wallet Another notable transaction from one of the largest XRP holders, likely Chris Larsen, appears to be in preparation for a sell. The transaction, which occurred within the last 48 hours, led to a series of subsequent transfers over the past 24 hours, which were eventually linked to cryptocurrency…
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Middle-class homeowners put kitchen renovations on hold over fears of tax hikes in autumn budget
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Middle-class homeowners across the UK are putting off plans to renovate their kitchens as concerns grow over potential tax rises in the upcoming Budget in October. The possibility of higher taxes, flagged by shadow chancellor Rachel Reeves, has led to a marked drop in consumer confidence, according to kitchenware retailers.…
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Consumer confidence plummets as Labour warned over recession fears
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Consumer confidence has fallen sharply amid growing concerns that Labour’s rhetoric is fuelling economic concerns, raising the prospect of a slowdown in Britain. GfK’s latest consumer confidence index fell seven points to -20 in September, with households increasingly worried about their personal finances and the general economic outlook. The survey…
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Fears grow as Harland & Wolff nears administration, risking royal navy ship contract
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Harland & Wolff, the historic Belfast shipyard best known for building the Titanic, is on the verge of bankruptcy, putting a £1.6bn contract to build three Royal Navy warships at risk. The troubled shipbuilder, which is expected to file for administration as early as Monday, faces a cash shortfall by…
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Georgia school shooting highlights fears about classroom cellphone bans
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Andrew DeMello Published on September 8, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – A student uses his cell phone after opening…
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Landlords rush to sell amid fears of capital gains tax hike
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The proportion of rental properties entering the sale market has reached a record high, driven by landlords’ concerns about a potential rise in capital gains tax in the upcoming Budget, according to property website Rightmove. Currently, 18% of properties previously listed for sale have been rented, compared with just 8%…
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Business confidence wanes amid fears of energy tax hikes
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The UK Offshore Energy Authority has warned that a windfall tax increase on UK oil and gas companies could undermine the government’s goal of boosting economic growth. The group warned that the planned tax increase could depress investment, costing the UK economy £13bn between 2025 and 2029 and putting 35,000…
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Crude oil little changed after volatile week with China demand fears lingering
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SlavkoSereda/iStock via Getty Images Crude oil futures ended the week little changed as lingering concerns over the outlook for demand in China and easing geopolitical risks offset economic data showing slowing inflation and strong retail sales pointing to resilient consumer spending. “It was Oil markets had a volatile week, said…
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Asian stocks rise tracking Wall St rally as recession fears ease By Investing.com
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Most Asian shares rose on Friday, tracking an overnight rally on Wall Street, as strong U.S. economic data helped ease recession fears, while bets on interest rate cuts remained intact. Wall Street indexes rose sharply on Thursday after strong retail sales data boosted optimism about the U.S. economy. Weaker inflation…
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Dollar firm after US data quells recession fears By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar held near a two-week high against the yen after posting its biggest daily gain in four weeks against its major peers as strong U.S. economic data eased recession fears. The dollar was particularly strong against the Japanese currency thanks to higher Treasury…
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US stock futures rise as strong data clears economic fears By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as Wall Street posted extended gains after strong retail sales and jobless claims data helped ease concerns about a slowing economy. Weak inflation data earlier in the week boosted bets that the Federal Reserve will cut interest rates in September,…
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Riots cause 4.8% decline in footfall on UK high streets as shoppers avoid areas amid looting fears
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Shopper numbers on UK high streets fell by 4.8% between Sunday and Wednesday, as recent riots across England and Belfast deterred shoppers, leading to widespread vandalism and looting. The fall, reported by property software company MRI Software, significantly outpaces the 2.7% fall seen across all UK retail destinations, including out-of-town…
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Pret A Manger equips staff with body cameras amid rising shoplifting and violence fears
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Pret A Manger has introduced body-worn cameras for its staff in a bid to combat a sharp rise in shoplifting and attacks on retail workers. The coffee chain has started a trial in six of its London branches, where team leaders and managers will wear cameras. Signs have been put…
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Russell 2000 Technical Analysis – Good jobless claims quell the fears
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Basic Overview The Russell 2000 index rose strongly from yesterday’s lows after the release of strong US jobless claims figures, as the data eased some concerns about the labor market after last Friday’s weak US nonfarm payrolls report. Market expectations for a rate cut have eased slightly but remain very…
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Asian stocks rise on cooling recession fears, positive China inflation By Investing.com
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Asian stocks rose on Friday as concerns about an approaching recession in the United States eased, while somewhat positive inflation data from China also helped boost sentiment. But regional markets are still heading towards weekly losses after recording sharp declines at the start of the week. Asian stocks benefited from…