HMRC files petition to wind up former Sunderland shirt sponsor Great Annual Savings Great Annual Savings said it is 'disappointed' in the move by the Government department Chronicle Live · Nov 28, 2022
HMRC in High Court bid to wind up Seaham energy broker Great Annual Savings Great Annual Savings says the petition has come while it launches a restructure with help from two top business advisory firms Birmingham Post · Nov 28, 2022
Full list of the 100 UK firms implementing a four-day working week As much as 2,600 staff members across the country will benefit from the new work pattern Manchester Evening News · Nov 28, 2022
Thousands sign petition calling for Michelle Mone to be expelled from House of Lords TENS of thousands of people have signed a petition calling for Michelle Mone to be expelled from the House of Lords. The National (Scotland) · Nov 28, 2022
Editorial: What the Weisselberg trial has revealed about the Trump Organization Whether the Trump Organization is guilty of criminal fraud will be for a jury to determine. Already, its longtime chief financial officer, Allen Weisselberg, has pleaded guilty to 15 felonies. The question in a Manhattan courtroom is to what extent culpability extends to the company for which he worked (and… Tribune News Service · Nov 28, 2022
Saudi Aramco's Luberef Set for IPO Saudi Al-Ahli Tadawul announced a potential initial public offering (IPO) for one of Saudi Aramco's subsidiaries. Ahli Capital announced its capacity as the underwriting manager, financial advisor, institutional underwriting book manager, international coordinator, and underwriter of Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia as the financial… Asharq Al-Awsat · Nov 28, 2022
GCC’s Banks Gross Loans Reach $1.93 Trillion The aggregate gross loans in the Gulf region reached a new record of $1.93 trillion, and the banking sector in the Gulf countries is witnessing the initial interest rate hike applied by the central banks in the Gulf Cooperation Council (GCC) countries consistent with the US Federal Reserve interest rate… Asharq Al-Awsat · Nov 28, 2022
Cardiff office building closing in on full occupancy Only on suite remains at the Wharton Place office building Birmingham Post · Nov 28, 2022
North of England rail faces ‘utter chaos’, warns business group Introduction of new timetable could lead to crisis, says Northern Powerhouse Partnership The Guardian - UK · Nov 28, 2022
Scam attack on Ukrainian mother exposes flaw in UK bank safeguards Woman who was conned out of £32,000 after she came to Britain was initially refused compensation because she used a debit card to transfer money from her account The Guardian - UK · Nov 28, 2022
World trade slowing as economy weakens; UK retail sales slump; BT pay deal reached – business live WTO’s trade goods barometer has fallen below trend as demand weakens The Guardian - UK · Nov 28, 2022
Shanghai Composite Index Fell 0.75% on Monday Shenzhen Component Index closed down 0.69% Caixin Global · Nov 28, 2022
Iraqi PM: Probe Recovers Part of $2.5B Embezzled from Taxes Iraq's government said on Sunday it will recover part of nearly $2.5 billion in funds embezzled from the country's tax authority in a massive scheme involving a network of businesses and officials. Approximately 182 billion Iraqi dinars, or $125 million, of the stolen sum will be recovered through the seizure… Asharq Al-Awsat · Nov 28, 2022
China Evergrande winding-up lawsuit again adjourned HONG KONG: China Evergrande Group, the world’s most indebted developer, said it expects to receive restructuring support from offshore creditors by as early as February, helping its plea to adjourn a winding-up hearing again. Bangkok Post · Nov 28, 2022
Wales Online · Nov 28, 2022 Four-day working week to be implemented by 100 UK firms Around 2,600 workers will still be earning the same for working a day less
Bangkok Post · Nov 28, 2022 One-stop centre to spur FDI in the offing The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices.
AAP · Nov 28, 2022 NAB fraudster stays out of jail for now Fraudster Helen Rosamond has been granted a short-term respite from jail after being found guilty of embezzling millions from the National Australia Bank.
ABC News · Nov 28, 2022 RBA Governor Philip Lowe apologises to Australians struggling with mortgages Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024.
Newcastle Herald · Nov 28, 2022 RBA governor 'sorry if people listened' to interest rate advice "I'm certainly sorry if people listened to what we said and they acted on what we had said and now regret what they had done. So that's regrettable. I'm sorry that happened."
The Canberra Times · Nov 28, 2022 RBA governor 'sorry people listened' to interest rate advice Greens senator Nick McKim accused the governor of "inducing many Australians to take out mortgages in the belief that interest rates wouldn't rise until 2024".
ABC News · Nov 27, 2022 Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended.
ABC News · Nov 27, 2022 Women on paid parental leave say banks routinely discriminate against them during loan applications Women are struggling to get credit cards and loans on paid parental leave and they're blaming "archaic and outdated" banking policies as the reason why.
The Independent UK · Nov 27, 2022 Grant Shapps warns energy firms not to hike bills of customers cutting use Business secretary ‘disturbed’ by reports Britons being overcharged
Asharq Al-Awsat · Nov 27, 2022 Iran Bank Manager Fired for Serving Unveiled Woman An Iranian bank manager who served an unveiled woman has been fired, local media reported on Sunday. Since 1979 , Iranian law requires all women to wear a hijab that covers the head and neck. Mehr news agency reported that the bank manager in Qom province, near the capital Tehran,…
Asharq Al-Awsat · Nov 27, 2022 $16b Total Assets of Oman’s Islamic Banking Sector The total assets of Oman’s Islamic banking sector, including Islamic banks and windows operating in the sultanate, jumped by 9.1 percent year-on-year to reach at RO6.4 billion ($16.6 billion) by late September 2022. Oman’s Islamic banking assets now account for 16.2 percent of the country’s total banking system assets, according…