Finance

  • Hammond defends NI rise as ‘right and fair’ - Philip Hammond has defended a controversial rise in National Insurance for the self-employed as a “right and fair” move that will help the Government steer Britain through an uncertain future. The Chancellor is facing a...
  • PPI complaints deadline set by City watchdog - The City watchdog is to draw a line under the Payment Protection Insurance (PPI) mis-selling scandal with a deadline for complaints set for August 2019. It will bring to a close a scandal that has...
  • RBS in the red for ninth year in a row as losses more than treble to £6.96bn - Royal Bank of Scotland boss Ross McEwan has insisted the lender is on its way back to health after a “remarkable journey” despite reporting a ninth straight annual loss of £6.96bn. The state-backed lender remained...
  • Britain’s best and worst supermarket revealed - Asda has come in last place in a survey by consumer group Which? that ranks supermarkets. Waitrose took the top spot in the main in-store experience category for the third year running, earning praise for...
  • The last thing Europe needs: another Greek crisis - How’s this for déjà vu? Another debt crisis is brewing in Europe. Greece needs European creditors to release cash from a bailout agreed in 2015 so it can make debt repayments, but officials are at...
  • Stock exchange boss investigated for alleged insider trading - Prosecutors in Germany are investigating share purchases made by Deutsche Boerse CEO Carsten Kengeter just weeks before his company began merger talks with the London Stock Exchange. The exchange confirmed Thursday that the public prosecutor’s...
  • Samsung is making huge profits as Note 7 crisis fades - Samsung has emerged from the ashes of the Galaxy Note 7 debacle in pretty good shape. The South Korean tech giant reported quarterly profit of 9.2 trillion won ($7.9 billion) on Tuesday, up 50% from...
  • Apple sues Qualcomm for nearly $1 billion - The world’s largest company is suing one of its suppliers for effectively holding it hostage. Apple (AAPL, Tech30) filed a lawsuit Friday against Qualcomm (QCOM, Tech30), accusing it of charging “excessive royalties” and withholding payments...
  • Chinese exports fall as Beijing braces for Trump - Donald Trump has attacked China for using underhanded means to boost its exports at America’s expense. But right now, the view from Beijing isn’t looking so rosy. Chinese exports fell 2% last year, according to...
  • McDonald’s gives up control of its China business in $2 billion deal - McDonald’s is selling off most of its China business in a deal worth as much as $2.1 billion. Citic, a massive Chinese financial firm, is taking the majority stake in McDonald’s (MCD) operations in mainland...

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