Category: National
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M&S warns of possible price hikes as national insurance hike impacts costs
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Marks & Spencer has warned it cannot rule out a price hike after absorbing an extra £120 million in costs resulting from Chancellor Rachel Reeves’ National Insurance changes and upcoming pay rises. Chief executive Stuart Machin said the retailer would “do everything we can” to avoid passing these costs on…
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20 New Brands And National Network In The Works
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Vietnam has taken an important step towards developing its blockchain ecosystem by launching its National Blockchain Strategy. strategy, Announce By the Ministry of Information and Communications (MIC) on October 23, it sets out a roadmap for the country’s development of a decentralized network and aims to position Vietnam as a…
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20 New Brands And National Network In The Works
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Vietnam has taken an important step towards developing its blockchain ecosystem by launching its National Blockchain Strategy. strategy, Announce By the Ministry of Information and Communications (MIC) on October 23, it sets out a roadmap for the country’s development of a decentralized network and aims to position Vietnam as a…
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Coming up! Legion’s 2024 National Poppy Campaign
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 18, 2024 • 2 min…
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HMRC imposes £13.7 million in penalties following National Minimum Wage enforcement action
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HMRC has strengthened its enforcement of compliance with the National Minimum Wage (NMW), resulting in £13.7 million in fines being imposed on employers during the 2022/23 tax year. This enforcement push follows the Government’s increased focus on NMW breaches, supported by a doubling of HMRC’s enforcement budget to £27.8 million…
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Starmer hints at employer national insurance rise but pledges to keep tax promises for workers
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Sir Keir Starmer has left the door open to increase employers’ National Insurance contributions, despite Labour’s election pledge not to increase taxes on workers. The Prime Minister stressed that “difficult” decisions will have to be made in the next budget, but stressed the Labor Party’s commitment to its promises in…
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German National Accused Of $150 Million Crypto Fraud Evades Capture
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Horst Geisha, a German national accused of orchestrating a $150 million cryptocurrency fraud scheme, is on the run after failing to appear in federal court in Brooklyn. Gisha was reportedly under house arrest at his New York City home, after taking out a $5 million bond secured by his domestic…
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First Bitcoin Fund Launched By National Bank Of Bahrain
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The National Bank of Bahrain (NBB) announced on Monday the launch of its first regulated Bitcoin-linked investment fund. The product, developed in partnership with digital asset company ARP Digital, is specifically designed for institutional investors in the GCC region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United…
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UK risks losing AI leadership without a national data strategy, experts warn
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The UK risks losing its leadership position in artificial intelligence (AI) without a clear national data center strategy, a major player in the sector has warned. Data centers, essential for running cloud computing and artificial intelligence applications, are becoming central to the digital economy. However, without a coherent plan, the…
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Eyes on Senate as National Assembly sets stage for DP Gachagua impeachment
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The way has been paved for the sacking of Vice President Rigate Gachagwa in the National Assembly after Parliament Speaker Musa Wetangula approved the motion seeking to oust the second-in-command from the lucrative position. From the beginning when Mr Wetang’ula began his message on receipt of the dismissal motion from…
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National Insurance on employer pension contributions could raise billions for Treasury coffers
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The introduction of national insurance on employer contributions to pensions could generate billions for the Treasury, according to Sir Steve Webb, the former pensions minister. Webb, now a partner at LCP, points out that this reform could raise up to £16bn net a year and could be the most likely…
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Omtatah seeks to block new national health cover plan
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Busia Senator Okiya Umtatah and two others have moved to court seeking to block the implementation of the Social Health Insurance Fund (SHIF) before its launch today. Mr Umtatah argues with Mr Eliud Karanja Matindi and Dr Magari Jikini that the subsidiary legislation required to operationalize the Social Health Insurance…
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Swiss National Bank Cuts Interest Rate to 1.00%
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The Swiss National Bank (SNB) announced a 25 basis point interest rate cut on Thursday 26 September 2024, to 1.00% as was widely expected. This marks the third consecutive interest rate cut by the central bank, which also indicated that further cuts may be necessary in the coming quarters to…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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Exclusive-US warned Nippon its US Steel bid poses a national security risk, sources say By Reuters
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By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – The Biden administration told Nippon Steel Corp in a letter on Saturday that its $14.9 billion takeover of U.S. Steel would pose a national security risk by hurting the U.S. steel industry, three people said, adding to evidence that the United…
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Pakistan suffers snail-speed internet with some accusing government of setting up national firewall
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Babar Duggar Published on August 19, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LAHORE, Pakistan (AP) — People in Pakistan have…
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Inside Mbadi’s in-tray as he takes over at National Treasury
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As new Treasury Secretary John Mbadi took office hours after being sworn in at State House in Nairobi, focus has shifted to a series of promises he made during his vetting process. Among the pledges Mr Mbadi made when he confirmed his approval of the loan last Saturday were promises…