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Friday Sets New Record for Festive Travel Chaos
Business
2ย days, 8ย hours ago

Friday Sets New Record for Festive Travel Chaos

Friday is expected to be the busiest travel day of the festive season in the UK, with approximately 460,000 journeys planned through Britain's airports, and 24.4 million cars predicted to hit the roads, leading to peak traffic congestion. Motorists a

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Christmas Dinner Costs Rise Amid Supply Chain Disruptions
Business
2ย days, 14ย hours ago

Christmas Dinner Costs Rise Amid Supply Chain Disruptions

This year's Christmas dinner is expected to cost 32.45, a 1.24 or nearly 4% increase from last year, driven by higher prices for turkeys and Brussels sprouts. The average cost of a 10lb frozen turkey has risen by 7.37 to 20, while Brussels sprouts ha

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Inflation Eases to 2.7% in November, Slowing from September Peak
Business
3ย days, 13ย hours ago

Inflation Eases to 2.7% in November, Slowing from September Peak

US inflation eased to 2.7% in November, a 0.2% decrease from September, driven by a 1.9% increase in grocery prices. The slowdown in inflation comes as the labor market shows signs of deceleration, with the US adding only 64,000 jobs in November. The

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Father Christmas's Pay Stays Frozen at ยฃ15 as Elves See Slight Pay Rise
Business
4ย days, 8ย hours ago

Father Christmas's Pay Stays Frozen at ยฃ15 as Elves See Slight Pay Rise

Father Christmas's pay remains stagnant, with an average hourly rate of ยฃ15, unchanged from last year, despite taking on seasonal roles at various UK venues. In contrast, elves who assist in grottos have seen a slight increase in average pay, rising

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Economic Turmoil: 25 Years of Crisis, From Dot-Com to Covid
Business
1ย day, 1ย hour ago

Economic Turmoil: 25 Years of Crisis, From Dot-Com to Covid

Over the past quarter-century, the global economy has been shaped by a series of pivotal events, including the Covid-19 pandemic, the 2008 global financial crisis, and a shift in global trade dynamics, leading to a divergence in economic growth betwe

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Wealth Gap Widens as Holiday Spending Hits Record $1 Trillion
Business
2ย days, 8ย hours ago

Wealth Gap Widens as Holiday Spending Hits Record $1 Trillion

US holiday spending is projected to reach a record $1 trillion, driven primarily by affluent consumers making high-end purchases, while lower-income Americans opt for discounted items or credit financing, exacerbating the K-shaped economy phenomenon.

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Rad Power Bikes Seeks Chapter 11 Protection, Aims to Sell Business Within 45-60 Days
Business
4ย days, 7ย hours ago

Rad Power Bikes Seeks Chapter 11 Protection, Aims to Sell Business Within 45-60 Days

Rad Power Bikes, a leading electric bike company, has filed for Chapter 11 bankruptcy protection and is seeking to sell the business within 45-60 days. The move will allow the company to continue operating while it pursues a sale, with the goal of pr

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Colombia to Mandate Local Investments for Private Pensions
Business
1ย day, 19ย hours ago

Colombia to Mandate Local Investments for Private Pensions

Colombia's Finance Ministry is set to introduce a decree in 2026, requiring private pension funds to allocate a larger share of their portfolios to domestic investments, potentially boosting the local economy. The draft decree, expected to be present

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Inflation Eases to 2.7% in November as Affordability Concerns Persist
Business
3ย days, 7ย hours ago

Inflation Eases to 2.7% in November as Affordability Concerns Persist

US inflation eased to 2.7% in November, down from 3% in September, as grocery prices rose 1.9% year-over-year, according to the Labor Department's latest report. The moderation in inflation comes as the labor market slows, with the US adding just 64,

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New Fortress Energy Defaults on Interest Payments Amid Ongoing Debt Negotiations
Business
1ย day, 19ย hours ago

New Fortress Energy Defaults on Interest Payments Amid Ongoing Debt Negotiations

New Fortress Energy has secured temporary relief from its lenders by agreeing to new forbearance terms, following a failure to make interest payments and an announcement that it would not meet year-end principal payments. The agreements, which also i

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Green Economy Booms as Investors Bet on Sustainable Growth
Business
2ย days, 7ย hours ago

Green Economy Booms as Investors Bet on Sustainable Growth

To achieve economic growth while mitigating environmental damage, the US and other developed countries must address two key efficiency sinks: inefficient land use and outdated infrastructure. According to an ecomodernist vision, half of the planet's

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Stocks Soar as $7.1 Trillion Options Expiry Looms
Business
1ย day, 19ย hours ago

Stocks Soar as $7.1 Trillion Options Expiry Looms

Global stock markets surged as the $7.1 trillion options expiry deadline loomed, with investors positioning for potential market shifts. The heightened activity comes as major companies prepare for a significant shift in market dynamics, with several

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Modi Unveils Reforms to Mitigate US Tariff Impact
Business
1ย day, 19ย hours ago

Modi Unveils Reforms to Mitigate US Tariff Impact

Indian Prime Minister Narendra Modi has accelerated economic reforms in an effort to mitigate the impact of US tariffs, which are expected to cost the country's economy around $10 billion annually. The reforms aim to boost domestic manufacturing, red

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NYC Holiday Markets Bring High Stakes for Small-Business Owners
Business
20ย hours, 11ย minutes ago

NYC Holiday Markets Bring High Stakes for Small-Business Owners

New York City's holiday markets, which attract millions of visitors annually, pose a high-stakes opportunity for small-business owners, with vendors paying tens of thousands of dollars in rent to set up stalls in locations like Bryant Park, Columbus

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AI Boom Fuels Debt Surge in Ultrasafe Market
Business
1ย day, 1ย hour ago

AI Boom Fuels Debt Surge in Ultrasafe Market

The US economic growth fueled by the artificial intelligence boom is increasingly reliant on credit markets, with utilities emerging as key borrowers, potentially altering the risk profile of the traditionally safe corporate-bond market. As companies

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Beneath the Surface: Tech's Not the Only Driver of the Bull Market
Business
1ย day, 19ย hours ago

Beneath the Surface: Tech's Not the Only Driver of the Bull Market

Contrary to the prevailing narrative, the current bull market is not solely driven by mega-cap tech stocks, according to Ryan Detrick, Chief Market Strategist at Carson Group. Detrick attributes the market's resilience to a broad-based recovery acros

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Factorial Energy to List on Stock Exchange, Valuing Company at $1.1 Billion
Business
2ย days, 8ย hours ago

Factorial Energy to List on Stock Exchange, Valuing Company at $1.1 Billion

Factorial Energy, a Massachusetts-based battery start-up, plans to list its shares on the stock exchange in mid-2026, valuing the company at $1.1 billion and providing an initial $100 million in capital. The company, which is developing advanced soli

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Massachusetts Battery Start-Up Factorial Energy to List on Stock Exchange in 2026
Business
1ย day, 14ย hours ago

Massachusetts Battery Start-Up Factorial Energy to List on Stock Exchange in 2026

Factorial Energy, a Massachusetts-based battery start-up, plans to list its shares on the stock exchange in mid-2026, valuing the company at $1.1 billion and providing $100 million in initial capital. The company, which is developing advanced solid-s

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India's Calm Stock Market Tests Options Traders' Strategies
Business
1ย day, 1ย hour ago

India's Calm Stock Market Tests Options Traders' Strategies

India's stock market, specifically the NSE Nifty 50 Index, has defied global volatility, remaining remarkably calm despite geopolitical tensions and a recent global selloff in risk assets. The index's stability has been driven by a surge in domestic

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DEVELOPING: Travel Chaos Imminent: Friday Set to Break Festive Season Records
Business
2ย days, 11ย hours ago

DEVELOPING: Travel Chaos Imminent: Friday Set to Break Festive Season Records

Britain's transportation infrastructure is bracing for a record-breaking day of travel on Friday, with approximately 460,000 passengers expected to pass through the country's largest airports and 24.4 million cars predicted to hit the roads, leading

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