Business

India’s Forex Reserves Down by $ 249 Million to $ 583.697 Billion

The country’s foreign exchange reserves fell by USD 249 million to USD 583.697 billion in the week ended February 12, RBI data showed on Friday. In the previous week, the reserves had declined by USD 6.24 billion to stand at USD 583.945 billion. It had touched a record high of USD 590.185 billion in the […]

Business

Can a Nudge or two make us better savers?

A company part-owned by the UK government is looking at ways of making people put more money aside for a “rainy day”. The Behavioural Insights Team (BIT) – which uses psychological techniques known as “Nudge” theory to encourage good “habits” – wants more employees to sign up to payroll saving. It is trialling an “easier-to-join” […]

Business

High Streets: How businesses in Bedford are adapting to stay ‘relevant’

Lockdown, the growth of online shopping and a general decline in High Street trade has combined to make it a tough time for retailers. As a new report predicts the loss of thousands of jobs and long term home-working, how are people adapting to make a living? Like towns and cities across England, Bedford has […]

Business

Plans to cap fees charged by claims companies

Consumers who use claims management companies will collectively save £10m a year under plans to cap fees, according to the City regulator. These companies, known as CMCs, represent people who believe they are mis-sold financial products such as insurance or payday loans. They have been accused of profiteering, with some charging customers more than 40% […]

Business

Exporter sets up Dutch firm to avoid bureaucracy

A leading skateboard distributor has set up another business in the Netherlands to avoid paying tax twice on exports after Brexit. Shiner’s operations director said it would spend about £530,000 operating a base outside Rotterdam. Some firms said current custom systems were “not fit for purpose”, causing significant delays at the border. The prime minister […]

Business

TikTok vulnerability, now fixed, could have exposed user profile data

A recently discovered vulnerability on the short-form video app TikTok would have allowed a cyberattacker to access user data, including phone numbers, Check Point Research found. TikTok has since fixed the vulnerability in its “Find Friends” feature, which would have allowed potential bad actors to build a database of user information to conduct malicious cyberactivity, […]

Business

Publix recalls popcorn snack over undeclared milk

Publix has issued a recall for a snack food sold exclusively in its stores over the undeclared presence of milk, which could cause a serious or life-threatening emergency in someone with an allergy or sensitivity. The recall impacts Bickel’s Snack Foods Butter Flavored Popcorn, which is sold in 8 oz. bags. According to the recall […]