November 11, 20240 Comments

Children’s book cut over First Nations portrayal

Celebrity chef Jamie Oliver has pulled his new children’s book from the shelves after complaints that it stereotyped Indigenous Australians. The 400-page fantasy novel Billy and the Epic Escape, which was published earlier this year, features an Aboriginal girl with mystical powers living in foster care who is abducted from her home in central Australia. Some First Nations leaders have called the book “offensive”, saying it contains language errors and

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November 10, 20240 Comments

Asda to cut 475 jobs and reduce hybrid working

PA Media Supermarket Asda has announced 475 roles will be cut in their head offices Asda has confirmed 475 roles at their head offices in Leeds and Leicestershire will be cut and hybrid working reduced as part of a business restructure. The retailer said the move, which would affect less than 10% of its head office staff, would enable it to “simplify structures” amid a challenging market. In a note

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November 9, 20240 Comments

Will UK interest rate cut make mortgages and loans cheaper?

Mortgage rates Just under a third of households have a mortgage, according to the government’s English Housing Survey, external. About 600,000 homeowners have a mortgage that “tracks” the Bank of England’s rate, so a base rate cut immediately leads to lower monthly repayments. But more than eight in 10 mortgage customers have fixed-rate deals. While their monthly payments aren’t immediately affected, future deals are. Mortgage rates are still much higher

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November 9, 20240 Comments

Booking.com parent to cut jobs as part of reorganization plan By Reuters

(Reuters) – Online travel giant Booking Holdings (NASDAQ:) said on Friday it expected to cut jobs as part of broader changes to its businesses, which also aim to drive real estate savings. Booking Holdings, which owns brands like Booking.com and Kayak, did not disclose how many jobs would be affected but said it expected to provide more details on timing, likely impact on employees and financials “in due course”. As

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November 8, 20240 Comments

US stock futures edge higher; markets digest Fed rate cut, Trump 2.0 By Investing.com

Investing.com– U.S. stock index futures edged marginally higher Friday, remaining near record highs  as markets digested the Federal Reserve’s outlook on future rate cuts. At 9:34 ET (2:34 GMT), rose 0.1%, gained 0.2%, and fell 0.2%. The Wall Street indices received a hefty boost earlier this week after Donald Trump won the 2024 presidential election earlier this week, opening the door for more potentially expansionary policies in the coming years.  The

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November 8, 20240 Comments

Fed likely to cut rates again Thursday. Everything you need to know

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters The Federal Reserve likely will stick to the business at hand when it wraps up its meeting Thursday with another interest rate cut, but will have its eye on the future against a backdrop

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November 7, 20240 Comments

UK interest rates cut to 4.75% but Bank hints fewer falls to come

Getty Images UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week’s Budget. The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected. But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT

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November 7, 20240 Comments

Bank of Canada may have to cut rates deeper than global peers

Breadcrumb Trail Links News Interest rates may hit bottom at 2%, says analysis Published Nov 07, 2024  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump’s policies could put pressure on the Canadian dollar. Photo by Paul Chiasson/ The Canadian Press Article content It’s been quite the week — Donald Trump’s victory in the United States

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