Jyoti Singh
For four months earlier this year, the Italian city of Venice conducted a pilot program for a surcharge scheme for daytrippers. Non-overnight visitors had to pay €5 ($5.40) on specific days that were considered to be the most congested, such as weekends and national holidays. The aim of the fee was to discourage visitors from … Read more
HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more
Stay informed with free updates Simply sign up to the Big Tech myFT Digest — delivered directly to your inbox. Microsoft has accused Google of running “shadow campaigns” seeking to undermine its position with regulators and politicians, the latest example of the escalating competition between the tech giants in cloud computing and data centres. Rima … Read more
“ Looking for a job can be a challenging process, from searching for openings to sending out resumes and interviewing. However, a growing trend of scammers posing as recruiters is making the job hunt even more difficult. In the past year, job scams have been on the rise, according to Eva Velasquez, president and CEO … Read more
By Michelle Nichols The United States issued a warning to Iran at the United Nations Security Council on Monday about potential “severe consequences” if Iran continues to engage in aggressive actions against Israel or U.S. personnel in the Middle East. U.S. Ambassador to the U.N. Linda Thomas-Greenfield stated, “We will not hesitate to act in … Read more
Luckin Coffee, China’s largest coffee chain, is gearing up to make a comeback in the US market by undercutting competitors such as Starbucks with its affordably priced drinks. The company, which faced a fraud scandal leading to its delisting from Nasdaq and a hefty fine, is now preparing for a US launch as early as … Read more
An extraordinarily rare dime that had been missing since the late 1970s has been sold for just over $500,000. The coin, minted by the U.S. Mint in San Francisco in 1975, features President Franklin D. Roosevelt and is one of only two known to exist without the distinctive “S” mint mark. The dime was inherited … Read more
Bitcoin surged in evening trading on Monday, briefly surpassing key levels amidst increasing speculation of a Republican victory in the upcoming U.S. elections. Positive technical indicators also contributed to its strength. The cryptocurrency rose by up to 3% to reach a three-month high of $70,203.4, disregarding recent concerns surrounding reports of the U.S. government investigating … Read more
The NHS in England is set to receive a £1.5 billion boost next year in order to provide an additional 2 million appointments, as announced in the Budget. However, Health Secretary Wes Streeting cautioned that this funding will only serve to “arrest the decline” of the struggling health service. The additional funds will be allocated … Read more
James Conroy, a 54-year-old executive, is set to join the well-known retailer Ross Stores next month. He will be taking over the role of CEO from Barbara Rentler, who has been with the company since 1986 and has been serving as CEO since 2014. Conroy will officially start on December 2, 2024, and will report … Read more