Ex-Green Beret Turned US Banker Dies After Working 100-Hours Weekly, Who Is His Boss And Why Isn’t He Fired Yet?

Ex-Green Beret Turned US Banker Dies After Working 100-Hours Weekly, Who Is His Boss And Why Isn’t He Fired Yet?

Leo Lukenas III, a former Green Beret who made the challenging transition to investment banking, tragically passed away in May at just 35 years old. Lukenas, who had been working 100-hour weeks at Bank of America (BofA), died from “acute coronary artery thrombus”—a fatal blood clot in the heart. His death has sparked outrage over … Read more

BUSINESS LIVE: Borrowing hits £16.6bn; HSBC shake-up; Mulberry says Frasers’ takeover ‘untenable’

BUSINESS LIVE: Borrowing hits £16.6bn; HSBC shake-up; Mulberry says Frasers’ takeover ‘untenable’

By Live Commentary Updated: 14:08 BST, 22 October 2024 UK government borrowing hit £16.6billion last month, well ahead of Office for Budget Responsibility projections of £15.1billion and marking the third highest borrowing figures for September on record.  However, the reading was below City forecasts of £17.5billion for the month.  The FTSE 100 is down 0.7 … Read more

Man Quits Corporate Life At 30, Buys A Failing Restaurant And Months Later, ‘Achieves The American Dream’—Here’s How

Man Quits Corporate Life At 30, Buys A Failing Restaurant And Months Later, ‘Achieves The American Dream’—Here’s How

Daniel, known as the “POV Husband” on TikTok, YouTube, and Facebook, has captivated a strong following by sharing his cooking talents and life stories, infused with quirky humor. But his journey was far from the life he leads today. Growing up, Daniel worked tirelessly to support his immigrant family, who made significant sacrifices for his … Read more

Boost for borrowers as Goldman Sachs predicts interest rates to fall to 2.75% in 2025

Boost for borrowers as Goldman Sachs predicts interest rates to fall to 2.75% in 2025

By John-Paul Ford Rojas Updated: 22:02 BST, 21 October 2024 Interest rates will fall to 2.75 per cent over the course of the coming year in a boost for millions of borrowers, Goldman Sachs has predicted. Economists at the Wall Street giant believe the Bank of England will cut more sharply than suggested by market … Read more

IDF: Nasrallah’s bunker under Dahieh hospital held half billion dollars

IDF: Nasrallah’s bunker under Dahieh hospital held half billion dollars

IDF Spokesman Rear Admiral Daniel Hagari revealed on Monday night that the former Hezbollah Secretary-General Hassan Nasrallah’s bunker in Dahieh in southern Beirut was located underneath a hospital – which held gold and half a billion dollars in cash. One of his bunkers was located beneath the Al-Sahel Hospital and was used as Nasrallah’s … Read more

Death of the Isa millionaire? Savings experts give their verdict on a potential £500k cap on tax-free pots

Death of the Isa millionaire? Savings experts give their verdict on a potential £500k cap on tax-free pots

Could Rachel Reeves cap the amount that savers and investors can salt away into Isas in her first budget on 30 October? The future of tax-free accounts is in doubt, as it has emerged a cap of £500,000 was previously floated by the now Chancellor in a column she wrote for The Independent in 2016.  … Read more

Vodafone will use AI to help customers who phone its call centre: How will it work?

Vodafone will use AI to help customers who phone its call centre: How will it work?

If there is one thing most Britons can agree on, it’s that customer service has gone downhill in recent years. While the pandemic was once the excuse for poor service, both the public and private sectors have continued to flounder in recent years. One area that has continued to receive a slap on the wrists … Read more

One in five people have fallen victim to a finance scam in the past year, survey reveals

One in five people have fallen victim to a finance scam in the past year, survey reveals

Around one in five (18 per cent) people across the UK have fallen victim to a finance scam – such as a fake pension or investment opportunity – in the past year, research for Citizens Advice indicates. The charity estimates that nine million people have been affected. More than two-fifths (43 per cent) of people … Read more

Pub chains urge Chancellor: Save us from business rates cliff edge

Pub chains urge Chancellor: Save us from business rates cliff edge

Hospitality trade urging Rachel Reeves to halt a quadrupling of business rates  Worries that High Street investment will be curtailed Concerns about employment opportunities and higher levels of business failure By Emily Hawkins Updated: 21:54 BST, 20 October 2024 The bosses of 170 major pub and restaurant chains have urged the Chancellor to prevent a … Read more

I fear Rachel Reeves will commit political attack on work pensions in Budget, says JEFF PRESTRIDGE

I fear Rachel Reeves will commit political attack on work pensions in Budget, says JEFF PRESTRIDGE

Forgive me. If you or your children are pension savers, or you have grandchildren yet to jump on the pension ladder, I am in danger of spoiling your Sunday. So if you’re enjoying a fry-up or even treating yourself to brunch at your local Cote Brasserie (I recommend the smoked salmon and scrambled eggs), have … Read more