The End of Airbnb in New York
The rules “are a blow to its tourism economy and the thousands of New Yorkers and small businesses in the outer boroughs who rely on home sharing and tourism dollars …
BUSINESS
Pocket Planet aims for one million visitors to Oxford St ‘miniature world’
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H opes for a revival in Oxford Street’s fortunes got another boost today as leisure experience developer Pocket Planet unveiled plans for Britain’s biggest indoor miniature world. The 30,000 sq …
A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers
The collapse in cryptocurrency prices last year forced a procession of major firms into bankruptcy, trigging a government crackdown and erasing the savings of millions of inexperienced investors. But for …
Elon Musk threatens to sue the Anti-Defamation League over lost revenue on X (Twitter)
E lon Musk has threatened to take legal action against antisemitism campaign group the Anti-Defamation League (ADL), accusing it of “trying to kill” his social media platform X. Mr Musk …
Country Garden, China’s Indebted Developer, Meets Payment Deadline
Country Garden, China’s biggest property developer, told creditors that it had made a late interest payment, averting an immediate default on its debts and keeping the company financially viable for …
FCA warns banks they will ‘act’ if politicians are wrongly denied services
A n executive at the Financial Conduct Authority (FCA) said the watchdog will “act” if financial institutions wrongly deny politicians or their families access to services. Writing in the Telegraph, …
Confident consumers boost retail sales in August
R ising consumer confidence boosted retail sales in August as slowing inflation offered some hope for the all-important Christmas season. Total UK retail sales were up 4.1% on last August, …
Employment support services failing businesses and jobseekers, says think tank
T he Government’s employment support system is failing both jobseekers and businesses and needs to be substantially reformed, a think tank has said. The current approach of encouraging people to …
Nearly a quarter of adults ‘could not afford an unexpected bill of £200’
N early one in four adults say they could not afford an unexpected £200 bill, a survey indicates. A survey carried out in July found that 23% of people could …
Record £2.5bn in motor claims was paid out between April and June, says ABI
This was the highest quarterly figure since the ABI started collecting data in 2013 and a 29% jump compared with the same quarter last year. Within the total, the cost …