Turkish lira dives 15% as president defies critics

The currency touched record lows as Tayyip Erdogan defended a controversial plan to cut interest rates.

From poverty in Ordsall to becoming a billionaire

Peter Done, co-founder of Betfred and CEO of Peninsula, shares his business advice for CEO Secrets.

17 Tips To Live Comfortably Off Just a Social Security Check

Carmakers get inventive as global chip crisis bites

By Christina Amann MUNICH (Reuters) - Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic...

How Rich Are Tom Hanks, Renée Zellweger and More Past Oscar Winners?

Winning an Oscar is a pretty big deal. In addition to the prestige that comes with taking home Hollywood's most prestigious statuette, it can also help increase the star's future earning potential....

China Evergrande soccer stadium taken over by government -source

HONG KONG/BEIJING (Reuters) - A government body has taken over China Evergrande Group's soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities. Evergrande, which has been struggling to meet repayments on over $300 billion in debt, is a...

Here’s How Much You Need To Earn To Be ‘Rich’ in Every State

Samsung reveals site of new $17bn US chip plant

The announcement comes as the US government has been calling on firms to tackle supply chain issues.

The 6 Best Gifts To Buy in Bulk at Costco

If you have a long list of people to give gifts to this year, consider buying bulk gifts at Costco that will make multiple people on your to-buy-for list happy. Not only is this a convenient way to...

50 Things Every 50-Something Should Know About Retirement

People in their 50s who are nearing retirement have a lot on their plates. Between mortgages, adult-age kids and other responsibilities, it can be hard to prioritize everything. However, it's never...

Best and Worst States for Pensions

Ohio jury finds pharmacies fuelled opioid crisis

A federal court has found Walgreens, CVS and Walmart helped create an oversupply of addictive painkillers.

The 10 Best Places To Buy a Vacation Home in 2021

If you've thought about buying a second home as a vacation property, now may be a good time to do so. According to a recent report by Redfin, second-home buyer demand is slowing down, which will open...

Christmas parties set to be smaller, says pub boss

Parties are also likely to be in venues outside city centres, says the owner of Harvester and All Bar One.

Marketmind: It's looking like a Black Friday

(Reuters) - A look at the day ahead from Dhara Ranasinghe. COVID-19, a worry that investors had pushed down their list of top concerns in recent months, has soared back up to the number one spot as a new variant spreads across South Africa. Asia stocks outside Japan slid over 2%, Europe and U.S. stock futures are down sharply, oil prices drops al...

UK sets out plans to boost global digital trade

LONDON (Reuters) - Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government's Board of Trade said, setting out how it aims to become a world leader in modern services and online goods. In a report on digital trade to be published on Friday, the board, headed by trade minister A...

Home Renovations That Will Pay You Back

When it's time to remodel, many homeowners head to home improvement stores like Lowe's to buy the supplies they need to complete their home projects. It's a smart idea, especially since the right...

Best Financial Advice From Oprah and Other Big-Name Celebs

No matter how much financial planning you do, you'll probably never have as much money as Oprah. But her rags-to-riches story -- along with many others -- didn't spring from sheer luck. It came from...

Delivery firm apologises for passport delays

FedEx apologises as hundreds say they have faced long waits to receive their travel documents.

Is this city Europe's best kept cycling secret?

Portugal's bike factories have been very busy since April 2020 as cycling has surged in popularity.

How Much Does a Costco Membership Really Save You?

It seems like a good idea -- getting that membership to Costco so you can save lots of money on groceries and household products. But if you're on the fence about whether a membership would be right...

Who will be the Bundesbank's next chief?

FRANKFURT (Reuters) - Germany's Social Democrats, the senior partner in the three-way coalition that is forming a new government, are expected to pick a new head of the Bundesbank, the national central bank, by the end of this week. The Social Democrats, the Greens and the Free Democrats have struck a deal that will see Social Democrat Olaf Schol...

US to release oil reserves in bid to lower prices

The move is being taken together with other major energy consuming nations, including China and the UK.

Money markets scale back ECB rate hike bets on coronavirus variant worries

LONDON (Reuters) - Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow over the short-term economic outlook. Money market futures were pricing in roughly a 50% chance of 10 basis point rate hike from the ECB in D...

How Long $500K Will Last in Retirement in Each State

South Korea raises rates to tackle inflation

It is the latest such move as soaring prices threaten to destabilise the post-pandemic recovery.

Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily

SHANGHAI (Reuters) -Tesla Inc plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday. The newspaper attributed the information to a Shanghai government platform for companies' en...

LV= leaders criticised over openness in Bain deal

MPs hear members should have been told more about the proposed £530m takeover by the US private equity firm.

Japan PM Kishida urges companies to raise wages by 3% or more

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered pre-pandemic levels to raise wages by 3% or more at their labour talks next spring as he aims to achieve a virtuous cycle of growth and wealth distribution. Kishida told his "new capitalism" panel meeting that the government would help ...

Roche shareholders approve deal to buy Novartis's $20.7 billion stake

ZURICH (Reuters) - Roche shareholders voted overwhelmingly on Friday to support the $20.7 billion deal to buy Novartis's nearly one third voting stake, the Swiss drugmaker said. Roche held an extraordinary general meeting to settle matters related to its plan to disentangle the two pharma companies, both based in Basel, who had been linked by the...

German household spending drives weaker-than-expected Q3 growth

BERLIN (Reuters) -German household spending was the sole driver of a weaker-than-expected economic expansion in the third quarter, more than offsetting a drop in company investments and state consumption over the summer months, detailed data showed on Thursday. Gross domestic product in Europe's largest economy grew by 1.7% quarter-on-quarter in ad...

Wall Street Week Ahead: COVID-19 fears reappear as a threat to market

By Saqib Iqbal Ahmed NEW YORK (Reuters) - COVID-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long after the threat had receded in Wall Street's eyes. Worries about a new strain of the virus, named Omicron and classified by the World Health Organisation as a variant of c...

Universal credit boost for workers takes effect

Workers will get 8p more of any extra £1 earned but some say claimants will be no better off.

Singapore's economy grew at a faster pace in the third quarter than initial estimate

The Ministry of Trade and Industry said the Singapore economy is expected to grow by around 7% in 2021 — the top of its previous forecast range of 6% to 7%.

What Income Level Is Considered Middle Class in Your State?

What is considered middle class? Middle Class can vary by state and a range of incomes fall under middle class. Find out here if you are in the middle class.

Tencent ordered to suspend new app roll outs

It comes as China's technology industry regulator reviews compliance with new privacy rules.

2022’s States That Waste the Most Food

These are the states where people waste the most food, donate the least and have the fewest food banks.

Warning of less food choice this Christmas

Supply chain issues could mean consumers will have less food choice this Christmas suppliers tell MPs.

Yen rallies, rand sinks as new COVID variant spurs flight to safety

By Kevin Buckland TOKYO (Reuters) - The safe-haven yen rallied and the South African rand tumbled on Friday as investors turned cautious after Britain raised the alarm over a newly identified coronavirus variant spreading in the African nation. The yen leapt as much as 0.56% to 114.68 per dollar, while the rand slumped to a more than one-year tro...

Analysis-Skills shortage in southern Italy could stymie recovery drive

By Crispian Balmer and Angelo Amante BARI, Italy (Reuters) - Mayors in Italy's poor south should be relishing the prospect of billions of euros from the European Union's pandemic recovery fund, but a lack of project management expertise could mean they are unable to take full advantage of the scheme. Italy hopes to receive 191.5 billion euros ($2...

What Valuables Should I Look For at Thrift Stores?

If you've ever visited a thrift store, chances are you either loved it or hated it. Perhaps you've visited a thrift store with a menagerie of dust-covered objects from decades past or items that are...

Covid and Brexit shrink Christmas markets

The UK's annual European Christmas markets will have fewer stalls and traders due to Brexit and the pandemic

Black Friday spending set to soar despite fewer deals

Analysts say this year's sale will be the biggest ever, but struggling retailers won't offer as many discounts.

Payments firm Klarna's Jan-Sep losses grow on soured credits

STOCKHOLM (Reuters) - Losses for Swedish payments firm Klarna deepened in the year to the end of September, while transactions using its platform jumped in the final three months of the period, results published on Friday showed. Operating losses at Klarna, a "buy now, pay later" company, widened to 3.13 billion crowns ($344.1 million) in the Jan...

Parcel firms 'failing to deliver on performance'

Hermes at bottom of a Citizens Advice league table, but most major firms had satisfaction problems.

U.S. retail stocks slide on Black Friday as new virus worries arise

By Medha Singh (Reuters) - Shares of U.S. department-store operators slid on Friday as the detection of a new coronavirus variant possibly resistant to existing vaccines compounded woes stemming from low in-store visits and thin holiday season inventories. Retailers have turned Black Friday, which kicks off the holiday shopping season, into a mon...

Boeing refutes safety concerns over 737 Max

Critics claim publicly available data shows worrying failures on the 737 Max since its return to service.

Analysis-Europe’s big payday remains elusive even as inflation surges

By Balazs Koranyi and Michael Nienaber FRANKFURT (Reuters) - Visions of spiralling wage inflation in the euro zone have dominated the talking points of conservative central bankers in recent weeks as they called for a moderation in central bank stimulus. The fear is that high inflation now, even if temporary, will prompt firms to boost wages, per...

DBS says banking services back to normal after two-day outage

SINGAPORE (Reuters) - Singapore's DBS Group said its online banking services had been fully restored after suffering disruptions for about two days in its biggest outage since 2010, prompting the central bank to consider taking supervisory action. In a Facebook post late on Thursday, Southeast Asia's biggest lender said customer logins and transa...

Businesses You Didn’t Know Your Favorite Celebrity Owns

Some of your favorite stars are even more talented than you might realize. In addition to honing the craft that made them rich and famous, many entrepreneurial actors and singers have gone into other...