Charles Sizemore

The newly introduced banknotes featuring the portrait of King Charles are not yet universally accepted across the UK. For instance, ticket machines in Glasgow’s metro system do not accept these notes, requiring passengers to use the cash register instead. Since Wednesday, the public has been able to encounter banknotes bearing the image of King Charles, which now appear on …

The European Commission is poised to announce import tariffs on electric cars from China this week, in response to alleged heavy subsidies provided by the Chinese government to the sector. This move could spark a counter-reaction from China, potentially impacting European car manufacturers who rely on the Chinese market for sales and import cars made in China. Volvo, largely owned …

Commercial real estate is leading regional banks to the slaughterhouse

Truflation, a leading provider of real-time financial data, has expanded its Big Mac Index to include 15 additional countries, enhancing its global reach and utility. Initially available for the United States and the United Kingdom, the index now covers Argentina, Australia, Brazil, Canada, Switzerland, Hong Kong, India, Japan, Turkey, South Africa, Mexico, Germany, Italy, France, and Spain. This expansion reinforces …

The UK labour market exhibited signs of cooling in August, marked by a slowdown in recruitment activities and a decline in job placements, as reported by a survey released by the Recruitment and Employment Confederation (REC) and KPMG on Monday. Economists polled by Reuters generally anticipate that the BoE will delay further rate cuts until November, although financial markets are …

Following Brexit, it was anticipated that the UK would be done with significant changes, but this is far from the truth. Starting from April 2025, all travellers to the UK, including those from the European Union, will be required to obtain an Electronic Travel Authorisation (ETA) before their visit. This is not a new concept for travellers from outside Europe, …

Qualcomm, the California-based chipmaker, has expressed interest in a friendly takeover of Intel, as reported by Bloomberg based on information from unnamed sources. This potential move could lead to one of the largest mergers and acquisitions in history. Qualcomm, with a market value of approximately $188 billion, has recently approached Intel, which has a market value of about $93 billion, …

During the height of the COVID-19 pandemic in March 2021, Boris Johnson, the then-Prime Minister, considered a drastic and unconventional plan to secure COVID-19 vaccines. As detailed in his upcoming memoir, Johnson revealed that he had discussions with high-ranking military officials about the feasibility of launching a raid on a warehouse in Leiden, Netherlands, to retrieve AstraZeneca vaccines that were …

On the US stock exchange, several key indices reached record highs on Friday, as investors remained optimistic despite the lingering risks of persistent inflation and geopolitical tensions. This upbeat sentiment was largely driven by the commencement of the earnings season, particularly the strong performance of major US financial institutions.

As the UK prepares for its upcoming budget on October 30, speculation is mounting that the Labour government, led by Chancellor Rachel Reeves, will announce an increase in the capital gains tax (CGT) rates. This move is part of a broader effort to address a significant fiscal gap, estimated to be around £22 billion, which the previous government allegedly left behind.