Category: Loom
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Restaurants brace for Reeves’s £25bn tax raid as hospitality job cuts loom
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The hospitality and retail sectors in Britain are preparing to raise the tax on the horizon in April on national insurance contributions to employers (NIC), as well as a sharp rise in the minimum wage, both of which warn industry leaders of job losses and further price increases. Dominic Chapman,…
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Gold Hits Record High on Weak Dollar as Trump Tariff Risks Loom
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(Bloomberg)-Gold reached the highest new level ever with the decline in the dollar and traders sought safety amid concerns about President Donald Trump’s measures. Most of them read from Bloomberg The alloys rose up to 1.4 % to $ 2,798.59 an ounce, exceeding their highest level in October. The dollar…
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Five months of travel chaos loom as Avanti staff vow Sunday walkouts
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Train travelers face up to five months of disruption on the West Coast main line, as the Rail and Maritime Transport (RMT) union launched a series of strikes on Sunday from January 12 to May 25. The action follows the rejection of Avanti West Coast’s latest pay offer, with more…
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Pound hits 20-month high against Euro as ECB rate cuts loom
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The pound rose to its highest level against the euro in almost two years on Tuesday, rising 0.3 percent to €1.21. The pound’s rise comes amid growing expectations that the European Central Bank will cut interest rates further this week, as Europe’s largest economies struggle for momentum. The European Central…
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Christmas rail travel at risk as staff shortages and strikes loom
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Travel plans over the festive season are under threat as the UK Rail Minister warns of staff shortages and a new strike by Avanti West Coast train managers. Lord Peter Hendy, speaking before the House of Commons Transport Select Committee, expressed concern that falling staffing levels could disrupt Christmas train…
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Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
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The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…
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Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
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Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
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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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Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
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Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
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Asia FX muted, dollar edges lower as Fed, BOJ meetings loom By Investing.com
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Most Asian currencies were little changed in thin holiday trade on Monday, while the dollar fell as markets awaited a Federal Reserve meeting where the central bank is likely to cut interest rates. Regional trading volumes were thin due to holidays in markets in Japan, China and South Korea. But…
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QCP Capital Predicts ‘Subdued’ Bitcoin Performance As Mt. Gox Payouts Loom
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After a decade of waiting, July may finally bring compensation to users of the now-defunct Mt. Gox exchange. However, market players appear to be nervous about the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been in a downtrend since early June, failing to…
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QCP Capital Predicts ‘Subdued’ Bitcoin Performance As Mt. Gox Payouts Loom
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After a decade of waiting, July may finally bring compensation to users of the now-defunct Mt. Gox exchange. However, market players appear to be nervous about the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been in a downtrend since early June, failing to…
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Battered yen mired near multi-decade low as intervention risks loom By Reuters
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By Ray Wee SINGAPORE (Reuters) – The yen approached its lowest level in 38 years on Thursday and struggled at 160 yen to the dollar, keeping markets on alert for any signs of Japanese authorities intervening to support the currency. In the broader market, the dollar trimmed some of its…
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Dollar edges higher; inflation data and political debate loom By Investing.com
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Investing.com – The US dollar rose on Tuesday, as safe havens benefited from weakness on Wall Street, although gains were limited ahead of key inflation data later in the week. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies,…
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Asia shares subdued as inflation, politics loom large By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares fell on Monday as the countdown to U.S. price data investors hope will show a renewed moderation in inflation, while markets were on alert for possible Japanese intervention with the dollar testing the 160 yen barrier. Geopolitics was also looming, with the…
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Analysis-As Supreme Court decisions loom, a legal assault is weakening SEC’s power By Reuters
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Written by Chris Prentice and Michelle Price WASHINGTON (Reuters) – A legal attack on the U.S. Securities and Exchange Commission has diminished its powers to oversee Wall Street and is likely to worsen with two impending Supreme Court rulings. A US appeals court last week struck down a key Securities…
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Companies look to lengthen currency hedges as elections loom, survey shows By Reuters
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(This May 21 story has been corrected to change the company description to “Multi-Dealer Forex Trading Platform” from “Currency Management Company,” in paragraph 2) NEW YORK (Reuters) – Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to shield profits from potential fallout from…
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Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
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Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could delay any real recovery. “The rapid sequence of nearly $2 billion in token unlocks over the next 10 weeks could send the altcoin market plummeting,” cryptocurrency analytics firm 10x Research noted…