Why you should bench credit cards for March Madness bets
An estimated 68 million Americans are expected to place bets on this years NCAA Men’s Basketball Tournament.
Business
UK central bank may hike rates after big jump in food prices
A shortage of fresh vegetables last month may force the Bank of England to approve an 11th consecutive interest rate increase Thursday.
Lloyd’s of London swings to loss after £21bn Ukraine and Hurricane Ian claims
World’s biggest insurance market reports pretax deficit of £769m for 2022 after profit of £2.3bn in 2021Lloyd’s of London has swung to an annual loss as it paid out more than £21bn to customers for claims relating to the war in Ukraine and Hurricane Ia…
A third of care homes in England have considered closing due to rising energy bills
Care England says there is ‘no justification for charging such financially crippling rates’ A third of care homes across England have considered closing during the last year due to “financially crippling” running costs, as concerns rise that gas suppli…
Ikea UK makes agreement with EHRC to improve policies on sexual harassment
Company will review processes after reports allegations not properly handled by management at store Ikea UK has made an agreement with the Equality and Human Rights Commission to improve its sexual harassment policies and practices after a complaint by…
Britain’s biggest banks under pressure to pass on higher interest rates to savers
Unite says their analysis shows banks have made £7bn in extra profit from the rise in borrowing costsBritain’s biggest banks are under pressure to pass on higher interest rates to savers after figures showing they have made an extra £7bn by refusing to…
Farmers struggle in Argentina as drought withers their crops
The ground crackles as Guillermo Cuitino walks through dry farmland in Argentina that should be green and lush this time of year.
Job Listings Giant Indeed Lays Off 2,200 People, Representing 15% of Staff
Job listings site Indeed.com told employees on Wednesday that it’s laying off 2,200 people, representing 15% of its headcount. From a report: Indeed CEO Chris Hyams broke the news to employees in an all-hands meeting on Wednesday morning, saying that t…
Credit card debt is at record high as Fed weighs rate hike
As the Federal Reserve considers whether to raise interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month.
Up to 40% of shops must be repurposed in next five years, UK local leaders claim
Need to reinvent retail space is biggest concern named in survey of councils, landlords, developers and other local bodiesUp to 40% of shops will need to be reinvented into anything from go-kart tracks to food markets over the next five years or “withe…