Financial news

• Fugitive CEO at the center of 2022 crypto crash found liable for fraud

  05-04-2024 23:41
  
  A jury found that Do Kwon and Terraform Labs misled investors before the collapse of the company’s namesake cryptocurrencyA jury in Manhattan found a Singapore-based former crypto CEO liable on civil fraud charges on Friday, agreeing with the US Securities and Exchange Commission that both he and his firm misled investors before the 2022 collapse of the company’s namesake cryptocurrency wrecked cryptocurrency markets.The jury delivered the verdict in federal court after a two-week tr
  
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• Millennials are exhausted by working more for less | Letters

  05-04-2024 18:52
  
  Readers respond to an article about quitting the rat race, with some saying their generation was handed an untenable position and others saying the struggle is nothing newI can understand the disillusion expressed in Leila Latif’s article (The soft life: why millennials are quitting the rat race, 2 April). We’re conditioned to compete academically and then are turned into a world of work where the reality is a painful shock to the system. Many are robbed of our highfalutin dreams fas
  
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• Apple lays off 600 workers in California after shuttering self-driving car project

  05-04-2024 18:36
  
  Tech company cuts employees from eight offices in Santa Clara in its first big wave of post-pandemic job cutsApple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation.The iPhone maker notified 614 workers in multiple offices on 28 March that they were losing their jobs, with the layoffs becoming effective on 27 May, according to reports to regional authorities. Continue reading.
  
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• While we focus on Dominic West in a banned advert, the banks are short-changing us all | Hannah Dewhirst

  05-04-2024 15:00
  
  The fuss over an outlawed commercial threatens to obscure the fact that the industry is reaping record profits for a poorer service It’s been quite the year for Hollywood’s humanitarians. Olivia Colman took on pension funds for their role in fossil fuel expansion, Game of Thrones stars Kit Harington and Rose Leslie challenged high street banks’ role in the same polluting activities, and actor Dominic West starred in a Nationwide advert calling out the banks for their sweeping b
  
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• Can a Waitrose shopper’s gaze boost loose produce and cut plastic waste?

  05-04-2024 15:00
  
  A supermarket is using eye-tracking technology to find what messaging encourages take-up of unpackaged fruit and vegWith thick black frames and hidden cameras, the glasses look designed for espionage or the metaverse but instead the eye-tracking headgear is being deployed to get inside shoppers’ heads as part of the drive to cut plastic packaging from the weekly food shop.It is an unlikely scene. Hooked up with the glasses a shopper is being tailed around a Waitrose produce department by a
  
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• Little-known smart meter rule change that could see energy bills plummet

  05-04-2024 13:35 via express.co.uk
  
  From June 2025 onwards Ofgem is bringing in new rules for households with smart meters that will require energy companies to "settle" consumer electricity bills.
  
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• Tax increases 'somewhat offset' by National Insurance cut, say experts

  05-04-2024 12:43 via express.co.uk
  
  The divergence means Scots earning up to £112,900 will pay less combined compared to the previous year.
  
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• Bank launches new Cash ISA paying 'excellent' 5.05% interest rate

  05-04-2024 12:26 via express.co.uk
  
  The new account "may appeal" to savers looking to cash in on their ISA allowance and receive a guaranteed return.
  
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• Warning of wave of tax scams after fake HMRC email reported - how to stay safe

  05-04-2024 11:35 via express.co.uk
  
  EXCLUSIVE: Tax phishing emails and scams are very common at this time of year with the new financial year starting.
  
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• The right to carer’s leave in Britain is a step forward, but a system that relies on unpaid care is still wrong | Emily Kenway

  05-04-2024 11:00
  
  A week’s break would have made a huge difference to me when my mum had cancer – and so would recognition of carers’ vital roleFor the first time, employees in Great Britain are going to have the right to time off work for caring responsibilities. This change, which comes into effect tomorrow, will affect about 2.5 million people who are juggling employment with caring for long-term sick, disabled or elderly loved ones. I know first-hand why carer’s leave is sorely needed.
  
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• HMRC explains pensions lump sum rules as taxpayers fear huge tax bill

  05-04-2024 10:52 via express.co.uk
  
  A person can take up to 25 percent of their pension pot as a tax-free lump sum.
  
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• Tax rise fury over increase set to hit one part of the UK more brutally than others

  05-04-2024 10:46 via express.co.uk
  
  Taxes will rise in the country on Saturday, with 49 percent of taxpayers paying more than other British counterparts.
  
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• House prices fall by thousands dashing hopes of owners - full list of drops by region

  05-04-2024 10:45 via express.co.uk
  
  Affordability constraints continue to be a challenge for prospective buyers, experts have said.
  
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• ‘No interest rate cuts in 2024’! Mortgage nightmare as UK faces new inflation shock

  05-04-2024 10:03 via express.co.uk
  
  2024 was supposed to be the year when interest rates were slashed again and again, and the global economy took off like a rocket as a result. Unfortunately, it's not turning out that way.
  
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• UK house prices fall for first time in six months amid more costly mortgages

  05-04-2024 09:38
  
  Drop in March leaves average price of home at £288,430, says HalifaxUK house prices fell in March for the first time in six months as more costly mortgage deals and continued uncertainty about when the Bank of England would start cutting interest rates hit the property market.House prices fell by 1%, or £2,908, in March compared with February, according to Halifax’s house price index. The average property now costs £288,430. Compared with the same month last year, propert
  
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• Exact HMRC payslip taxcode that will show your £900 wage boost from Saturday

  05-04-2024 09:10 via express.co.uk
  
  The government's tax department is set to give a cash boost to workers with a specific code on their payslip - starting from this Saturday
  
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• Homes for sale with stylish interiors – in pictures

  05-04-2024 08:00
  
  From a period hallway featuring a grand piano to an industrial look in an old icehouse with steel columns and exposed concrete Continue reading...
  
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• Number of households seeking help over energy debt legal action doubles

  05-04-2024 07:00
  
  Suppliers increasingly opting to take customer to court to recover unpaid bills, Citizens Advice saysThe number of households seeking help to deal with court action over their unpaid energy bills has doubled in the last year, according to Citizens Advice.The charity said suppliers were increasingly opting to take their customers to court to recover their energy debts, which could ruin household finances for years. Continue reading...
  
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• All hail the ‘mimbys’: the open-minded voters who might just save Labour’s housing plans | Gaby Hinsliff

  05-04-2024 07:00
  
  With millennials now a political force, Starmer should embrace the grey belt and commit to building houses, because that builds hopeThere are few things most politicians hate more than a crude yes-or-no question. But when asked last autumn if he was instinctively a yimby rather than a nimby – meaning someone enthusiastically in favour of new housing in their own back yard, rather than a foot-dragging objector – for once Keir Starmer answered unflinchingly in the affirmative.It’
  
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