Workers will take most of the hit from the upcoming increase to employers’ National Insurance (NI) contributions, the government finances watchdog has said. At the Budget, Chancellor Rachel Reeves said employers will pay NI at a rate of 15% on salaries above £5,000 from April, up from 13.8% on salaries above £9,100. The Office for … Read more
Bernard Marcus, the son of Russian-Jewish immigrants who rose from a tenement in Newark, N.J., to create one of the world’s biggest and most recognizable brands, the Home Depot Corp., died on Oct. 20, at his home in Boca Raton, Fla. He was 95. Marcus’ death was confirmed by an official at his nonprofit group, … Read more
Offices of streaming giant Netflix in Paris and Amsterdam have been raided by the French and Dutch authorities as part of an investigation into tax fraud, French judicial sources say. Officials from the two countries have been co-operating on the case since the investigation was opened in November 2022. Netflix has not as yet made … Read more
Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectation as same-store sales at KFC and Pizza Hut slid more than expected. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.37 adjusted … Read more
Every few Fridays, in the middle of the night, a line forms outside the Pop Mart store at Westfield Century City. It’s the same scene over at Glendale Galleria. And at South Coast Plaza. Victoria Gardens in Rancho Cucamonga, too. They come by the hundreds, all vying for the latest Labubu, a furry toy character … Read more
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. – the parent company of BK- in new and existing markets. Joan Cros | NurPhoto | Getty Images Restaurant Brands International on Tuesday reported quarterly revenue that missed analysts’ expectations as domestic same-store sales growth for all … Read more
Shauna Bookless never imagined she’d become her own pharmacist. But after gaining more than 20 pounds during undergraduate and graduate school and feeling unhappy with her weight, the Hollywood resident found herself mixing vials in her kitchen to create her own doses of a popular weight-loss drug. “I’m playing doctor,” Bookless said, describing her foray … Read more
By any measure, the lawbreaking by the U.S. subsidiary of Canada’s Toronto-Dominion Bank was spectacular. The bank, which goes by the name TD Bank in the U.S., facilitated the laundering of more than a half-billion dollars by human traffickers, fentanyl dealers, a major Ponzi schemer and others. It failed to file legally mandated reports of … Read more
Primark owner ABF (Associated British Foods) has reported a jump in profits despite a wet summer dampening sales of swimwear and holiday clothes. The owner of the fast fashion brand reported a 43% rise in profits before tax, reaching £1.9bn over the year to 14 September. It said “challenging weather” had hit the number of … Read more
Getty Images Nearly 620 miles (1,000km) of new power lines need to be built to meet the government’s clean energy plans, official energy planners have concluded. In a report, the body in charge of linking new projects to the grid said Labour’s target to decarbonise electricity by 2030 was “achievable” but a “huge challenge”. It … Read more