Getty Images Mortgage costs are rising – with the average rate on a two-year fixed deal now at 5.5% – despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days. That has created a headache for…
World Bank officials — under fire for losing track of $24 billion in climate funds — are panicking over the prospect of severe budget cuts as President-elect Donald Trump pledges to slash US government spending, The Post has learned. According to sources, top brass at the Washington-based lender — which has faced accusations that it’s…
Getty Images Former Post Office boss Paula Vennells’ appearance at the inquiry was greatly anticipated After months of evidence, the Post Office Inquiry heard from its final witnesses this week. Closing statements will follow next month before inquiry chair Sir Wyn Williams publishes his final report next year. Much of the evidence centred around who…
Reuters Peru’s new megaport is Chinese-built As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action to entrench its position in Latin America. Trump won the US presidential election on a platform that promised tariffs as high as 60% on…
Business & Finance 20 August 2024, 8:33 pm 1 minute Reuters was first to report on State Street’s partnership with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments. Through the partnership, State Street, which provides crypto fund administration…
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! in Arlington, Texas, on May 16, 2024. Cooper Neill | Getty Images The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record…
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket. Rocket Lab This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a “Trump-Elon trade,” a nod to the relationship between President-elect Donald Trump…
The famed Garden restaurant at the Four Seasons Hotel looks like it was stuck in a time warp as the iconic property finally reopened its doors Friday after being shuttered for four years. The exact same 20-foot-tall acacia trees still soared majestically among the identical 86 seats that made the Garden a favorite destination for…
DETROIT — A man accused of stealing $44 million from a Detroit nonprofit group pleaded guilty Friday to financial crimes that stunned the organization and forced some delays in a major riverfront project. For years, William Smith controlled the money at the Detroit Riverfront Conservancy, which is transforming miles of shore along the Detroit River…
A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried US workers eligible for overtime pay. US District Judge Sean Jordan in Sherman, Texas, said the Department of Labor rule that took effect in July improperly bases eligibility for overtime pay on workers’ wages rather than their…
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