Category: Plans
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UK Companies Slash Hiring Plans Following Reeves’s Tax Increases
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Nearly two-thirds of UK businesses are set to scale back hiring plans in response to the Chancellor’s £40bn tax rise, according to a new poll by the Confederation of British Industry (CBI). The survey of 266 business leaders found that 62% of them intend to reduce hiring, nearly half expect…
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Advance Plans to Borrow Against $1.2 Billion Reddit Stake
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(Bloomberg) — A Reddit Inc. shareholder is seeking… to establish credit facilities using an ownership stake in the company, according to a person familiar with the matter. Most read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family’s publishing empire that owns Conde Nast, is offering 7.8…
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French AI startup backed by Arnault plans to raise more funds
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H, a French AI startup founded by experts at Google’s DeepMind AI lab and backed by billionaires including LVMH CEO Bernard Arnault, is gearing up for another funding round after announcing its first product. The Paris-based AI company is operating on less money than its competitors and will need to…
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Inside the plans for Elon Musk’s new private pre-school in Texas, which just got a permit to open
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Elon Musk’s pre-K Montessori school in Texas can now open its doors. The school, which has been in the works since last year, received its initial permit from the Texas Child Care Regulatory Commission on Thursday, according to the agency, paving the way for Elon Musk to begin building ambitious…
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Ford plans 4,000 more job cuts in Europe as EVs lose momentum
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Ford Motor Co. will look to cut another 4,000 jobs in Europe, further cutting costs within a region where the shift to electric vehicles is losing momentum industry-wide. The cuts – amounting to about 14% of Ford Europe’s workforce – will primarily affect operations in Germany and the UK by…
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Comcast to proceed with plans to spin off its cable channels, sources say
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By Don Chmielewski (Reuters) – Comcast Inc. is moving forward with plans to spin off its NBC Universal cable TV networks including MSNBC and CNBC, sources say, shedding a key part of the business that has been a victim of the live video revolution. The company told investors last month…
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Trump Plans To Strengthen Crypto Policy With Dedicated Advisor And Presidential Council
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President-elect Donald Trump is poised to reshape the US government’s approach to cryptocurrencies, as he actively seeks candidates with industry-friendly views to fill key regulatory positions. According to According to The Washington Post, as part of his strategy to establish the United States as the “crypto capital of the world,”…
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The Entertainer halts new store plans due to budget’s national insurance hike
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The Entertainer, one of the UK’s largest toy retailers, has abandoned plans to open two new stores following the government’s decision to increase National Insurance (NI) contributions for employers. CEO Andrew Murphy explained that rising costs had also led to a hiring freeze at the company’s head office. The decision…
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Treasury revives plans to tax popular infrastructure bonds
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National Treasury has revived plans to impose a 5% withholding tax on interest earned on infrastructure bonds with maturities of at least three years. Infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009 – meaning they will be subject to tax for the first time…
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Wine prices to rise, beer to fall in new tax plans
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Wine prices are expected to rise while the cost of beer will fall under new proposals from the National Treasury, which has imposed excise duty on drinks based on their alcohol content by volume. The Excise Laws (Amendment) Bill, 2024 seeks to restructure the excise duty rate on wine and…
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Circle CEO Says IPO Plans Remain Active Amidst Possible Troubles For Tether
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Jeremy Allaire, CEO of Circle, confirmed that the stablecoin issuer remains committed to launching an initial public offering (IPO). Interestingly, these comments came amid a controversial report about Tether, Circle’s biggest competitor. Circle’s financial position is strong, and no additional money is needed, says Circle Boss in Interview with Bloomberg…
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Over 80% of UK small business owners fear Autumn Budget could harm growth plans
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A new study has revealed that 86% of UK small business owners are concerned that potential tax rises and policy changes in the upcoming Autumn Budget could hinder their growth. Key concerns include potential increases in income tax, VAT and National Insurance, as well as higher costs arising from regulatory…
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Villagers are wary of plans to dam a river to ensure Panama Canal’s water supply
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Breadcrumb links PMN BMN Business Article writer: Associated Press Alma Solis Posted on October 23, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content EL GOPO, Panama (AP) — A long wooden boat has…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Thousands of UK Boeing jobs at risk as manufacturer plans global cuts
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More than 4,000 Boeing employees in the UK face uncertainty, as the US aerospace giant prepares to cut 17,000 jobs globally, nearly 10% of its workforce. Boeing’s UK operations, including its only European manufacturing facility in Sheffield, may be affected by significant job cuts, as the company faces financial challenges.…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…