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Quebec and Alberta are racing to lead Canada’s emerging hydrogen fuel sector.
Portugal’s government on Thursday ordered the closure of schools for two weeks amid a surge in COVID-19 infections that the prime minister blamed on the rise of a more contagious variant. “The risk of this virus spreading through society has increased,” Prime Minister António Costa told a news conference. “We have seen that, in the space of a week, the variant has spread significantly.”
(Bloomberg) -- Almost 9 million people in Britain had to borrow more money by the end of last year to help them through the coronavirus crisis, according to new figures that show widening gaps between the rich and the poor.That’s about a fifth of the U.K’s adult population of 47 million people. The findings feed a debate about how Boris Johnson’s administration can best protect segments of the population like the young and lowest paid who have taken the hardest economic hit during the crisis.Chancellor of the Exchequer Rishi Sunak and Bank of England Governor Andrew Bailey have highlighted those concerns in recent weeks and begun talking about measures that could bridge the inequality gap.“The uneven effects of Covid concern me,” Bailey said in a webinar on Wednesday. “It’s clear to me we’ve got to come out of Covid in a way that addresses all parts of the population.”People under the age of 30 and those with household incomes of less than 10,000 pounds ($13,700) were far more likely to be furloughed than the general population, the Office for National Statistics said on Thursday. The government data also showed self-employed workers were more likely to report reduced hours and income.Among people unable to work, more than half of the top 20% of earners continued to be paid in full, compared with little more than a quarter of those in the bottom 20%. Self-employed workers and the disabled were more likely to have borrowed 1,000 pounds or more. Meanwhile fewer people were able to save for the year ahead.The findings put pressure on Sunak to act in his annual budget statement, which is due on March 3. With the deficit at its highest in peacetime, there are calls for the better off to shoulder the burden of future tax increases.Separate ONS figures showed the gap between rich and poor was widening even before the pandemic struck.Income inequality, as measured by the Gini coefficient, rose to 36.3% in the financial year through March, its highest for a decade. The income share of the richest 1% has increased from 7% to 8.3% since 2011.The inflation-adjusted median income of the poorest fifth of people fell by 3.8% between 2017 and 2020. The richest fifth meanwhile saw their incomes steadily grow.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Individual retirement accounts (IRAs) and 401(k) plans provide little guidance on how to turn accumulated assets into income. What if I'm in my 40s and don't have a retirement fund? Some experts say that by age 40 you should have at least three times your salary saved for retirement. Alternatively, they could use their assets to delay claiming Social Security, effectively buying more annuity income.
Routemaster Capital Inc. (NEO:DEFI), a Canadian decentralized finance company, is now trading no NEO.
Rory Burns also returns as Sam Curran, Mark Wood and Jonny Bairstow return to the UK
Nike is set to open its newest Nike Live store in the town where the brand was born — Eugene, Oregon.
The White House announced President Joe Biden would appoint Dave Uejio to run the Consumer Financial Protection Bureau (CFPB) on an acting basis after its director, Kathy Kraninger, resigned at the new administration's request. Uejio, whose appointment was announced late Wednesday, will run the watchdog agency pending Senate confirmation of Federal Trade Commission member Rohit Chopra as its permanent director. Uejio is a nine-year CFPB veteran and was most recently its chief strategy officer, according to his LinkedIn profile.
Rory McIlroy again put himself in contention to win an event where he has had so many near misses, shooting an 8-under 64 Thursday in the first round of the season-opening Abu Dhabi Championship. In 10 appearances in Abu Dhabi, McIlroy has finished second on four occasions and third three times. “It feels good,” McIlroy said after surpassing his previous best score in Abu Dhabi.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" of American Health and Life Insurance Company (AHLIC) (Fort Worth, TX) and Triton Insurance Company (Triton) (Fort Worth, TX). Both companies are wholly owned subsidiaries of OneMain Holdings, Inc. (OneMain) [NYSE: OMF]. The outlook of these Credit Ratings (ratings) is stable.
The Cancer Gene Therapy Market will grow by $ 2.96 bn during 2021-2025
German media group Bertelsmann had an excellent financial year thanks to a strong recovery in advertising business, Chief Executive Thomas Rabe said on Thursday, adding that he expects a decent performance in the first quarter. Rabe, whose contract was extended on Thursday, told Reuters that the group's diversification helped cushion the impact of the pandemic, adding that advertising markets should recover again once the new lockdown is lifted. Bertelsmann is due to report its full-year results on March 30.
This article is brought to you by Walmart and created by In The Know’s commerce team. One way to do that, even with a packed schedule, is by taking advantage of Walmart’s free curbside pickup service to get your groceries and other goods without even going in the store. First, sign into your Walmart account or create one if you have yet to do so (it’s free!).
'Let me take a moment to thank President Trump and Melania for all they've done to make America great,' Mr Pence said.
Bridgerton season 1 follows the esteemed families of British high society and their romantic pursuits
Investors aren't optimistic enough about Apple Inc.'s upcoming earnings report, according to a Morgan Stanley analyst.
After a month of streaming availability HBO Max's biggest movie to date is going away on Sunday.
As of now, the trial for former Louisville police Officer Brett Hankison is set for Aug. 31 in Jefferson County.
Dominic Cummings may have temporarily turned Barney into a national joke, but the political adviser’s bizarre eye test shouldn’t define this idyllic northeastern market town, says Elizabeth Atkin
The “exciting news” about Bridgerton that Netflix teased on Tuesday became a reality this morning with the long-expected second-season renewal. In the style of Shondaland’s Regency-era period drama series, created by Chris Van Dusen, the pickup was announced by none other than the series’ powerful, plugged-in narrator Lady Whistledown, voiced on the show by Julie […]
