The Bank of England has upgraded its growth forecast for the coronavirus-hit UK economy and signalled it will not raise interest rates in the near term - despite seeing a looming spike in inflation ahead. The latest meeting of the central bank's interest rate-setting committee left policy unchanged, with rates remaining at their COVID-19 crisis low of 0.1% as analysts had widely expected. Its £895bn programme of asset purchases, known as quantitative easing, was also kept static. But its quarterly Monetary Policy Report said that the vaccine-led recovery from the sharpest hit to the economy in over 300 years in 2020 was clearly under way at a greater speed than initially expected. Live COVID updates from the UK and around the world Advertisement The Bank said it now saw growth of 7.25% during 2021 - up from the 5% it expected earlier this year - with output falling by just 1.5% in the lockdown-hit first quarter compared to the plunge of over 4% … [Read more...] about Bank of England sees speedier COVID recovery ahead but holds interest rates
STATE pension payments will be something you receive if you've reached a certain age in later life. The state pension is different to your workplace or a private pension , and when you can start receiving the pay-out depends on when you were born. In May 2014, the government changed how the state pension system works , with the goal of making it simpler. In order to get a state pension you need to pay National Insurance contributions (NICs), and have built up a minimum number of years' worth. How much is the state pension? Men born on or after April 6, 1951, or women born on or after April 6, 1953, will be able to claim the new state pension. For those who reached the state pension age before April 6, 2016, you’ll be getting the old state pension, known as the basic state pension. The full new state pension is £175.60 per week, but the actual money you get will depend on your National Insurance record. If you've accrued NICs under both the old and new … [Read more...] about How can I check my state pension and what age can I claim it?
A woman abducted a two-year-old boy from a church nursery before shaving the child's head, police say. Noah Trout's parents were terrified when he was taken from a Baptist church in Ripplemead, Virginia, US, on Sunday. Police issued an alert hours later believing the boy to be in 'extreme danger'. Investigators said the incident was a 'stranger abduction' and the boy had been chosen at random. He was rescued the next day from a mobile home dozens of miles away, Giles County Sheriff's Office said, but while he was unharmed he had reportedly had his hair removed by his kidnapper. Nancy Renee Fridley, 44, has since been arrested for abduction and child endangerment charges. Police said: "We have evidence, through our collaboration with other agencies and jurisdictions, that Fridley may have been casing other places outside of Giles County to commit similar acts. "We think there are other potential witnesses out there who could and should come forward. "We urge you to … [Read more...] about Boy, 2, kidnapped from church nursery ‘by woman who drove him 70 miles and shaved him’
We may earn a commission for purchases using our links. Learn more . It's acquisition time Amazon may have to spend over $300 million to buy the podcast network. Babu Mohan 3 Dec 2020 0 Source: Wondery What you need to know Amazon is said to be in exclusive talks to buy podcast startup Wondery. Wondery is known for its true-crime podcasts like Doctor Death, Dirty John, and Over My Dead Body. Amazon Music launched podcasts for users in September this year, with over 70,000 titles. Amazon Music finally added podcast streaming to its platform in September, including original podcasts from radio host DJ Khaled and actor Will Smith. To better compete against rivals such as Spotify , Amazon is reportedly in talks to acquire podcast startup Wondery. While Wondery was valued at $100 million during its last funding round in June last year, The Wall Street Journal reports that the talks value the startup at over $300 million. … [Read more...] about Amazon may soon acquire podcast startup Wondery to compete with Spotify
Mastercard New Payments Index survey conducted across 18 markets globally This is according to the Mastercard New Payments Index which reveals that 84 per cent of consumers in APAC already have access to more ways to pay compared to one year ago. Of note for entrepreneurs, 74 per cent of respondents said that they would shop at small businesses with greater frequency if they offered additional payment options. “Mastercard’s study finds that people in the Asia-Pacific region haven’t just adopted new payment technologies – they’ve made deliberate shifts based partly on necessity, but also on considerations around personal safety, security, and convenience at a time when these concerns were paramount,” said Sandeep Malhotra, executive vice president, Products & Innovation, Asia-Pacific, Mastercard. “Consumers in the Asia-Pacific have already gained recognition globally for their openness to new technologies and innovation, and these findings confirm that this trend is only set … [Read more...] about Mastercard survey reflects Asia-Pacific consumer sentiment for new payment methods