Finance
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Insurers Must Pay off Insurance Claims Quickly
2021-01-28 03:04:12 UTC
LONDON (Reuters) - Insurers face enforcement action if they don’t pay up as soon as possible on business insurance claims following a landmark court ruling, Britain’s Financial Conduct Authority said on Friday.
The Supreme Court earlier this month ruled that many business insurance policies sh...
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Deutsche Bank to Refrain From Further Business With Trump
2021-01-12 03:18:39 UTC
FRANKFURT (Germany) — Two of Donald Trump’s favored banks are pulling away from the billionaire president in the wake of last week’s deadly riot at the U.S. Capitol, according to Bloomberg.
Deutsche Bank AG has decided to refrain from further business with Trump and his company, said a person...
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Companies to Suspend Donations to US Lawmakers Who Do Not Respect Rule of Law
2021-01-11 16:25:05 UTC
WASHINGTON/NEW YORK (Reuters) - Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted against certifying President-elect Joe Biden’s victory last week.
“We have taken...
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UK Parliament Approves Boris Johnson’s Post-Brexit Trade Deal
2020-12-30 19:25:29 UTC
LONDON/BRUSSELS (Reuters) -British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
Britain and the European Union signed the...
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European Union Governments Approve Brexit Trade Deal
2020-12-30 19:21:45 UTC
BRUSSELS (Reuters) - European Union governments approved on Tuesday a trade deal regulating relations between the 27-nation bloc and Britain, paving the way for its provisional application from Jan 1, German Foreign Minister Heiko Maas said.
The deal, which preserves Britain’s zero-tariff and ...
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Extended EU, UK Talks Leave a Post-Brexit Deal in Limbo
2020-12-18 02:33:14 UTC
LONDON/BRUSSELS (Reuters) - Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
Just over two weeks ...
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Irish PM Says Chances of a Brexit- Deal at 50-50
2020-12-07 16:04:37 UTC
BRUSSELS/LONDON (Reuters) - British and European Union negotiators made a last-ditch effort on Monday to bridge stubborn differences standing in the way of a post-Brexit trade deal, but they had at best 48 hours left to avoid a disorderly parting of ways at the end of this month.
“EU-UK negoti...
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$500M Aid for Small Businesses
2020-12-06 00:07:12 UTC
SACRAMENTO, Calif. (AP) — California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions, Gov. Gavin Newsom announced Monday.
The tax measures include a three-month automatic extension of the income tax payment d...
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US Lawmakers Close to A Coronavirus Stimulus Deal
2020-12-04 19:51:13 UTC
WASHINGTON (AP) — House Speaker Nancy Pelosi gave an optimistic assessment of the prospects for a mid-sized COVID-19 relief bill and a separate $1.4 trillion governmentwide spending bill on Friday, teeing up expectations for a successful burst of legislative action to reverse months of frustratio...
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What To Do Immediately After A Car Accident
2020-12-06 20:11:47 UTC
Car accidents, even just fender benders, are an unfortunate fact of life. Even though fewer cars are on the road during the pandemic—16% fewer according to Zendrive, a smartphone-based driving analytics app provider—drivers might be more distracted. Phone use while driving was up 38% after lockdo...
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Filing an Auto Insurance Claim
2021-01-28 00:37:28 UTC
Even the most cautious and experienced drivers can find themselves shaken up on the side of the road, assessing damage after an accident. So if you ever have to file an auto insurance claim, it’s useful to understand how the process works.
Before you submit a claim, it’s good to know informati...
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Car Insurance with OnStar Vehicle Data
2020-12-02 00:34:36 UTC
<h2>Find the best cheap car insurance</h2>
Nov 18 (Reuters) - General Motors Co on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated by increasingly automated and con...
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Trump and Ivanka Could Face Jail Time for Tax Fraud
2020-09-29 21:52:04 UTC
<p>Both President Donald Trump and his daughter Ivanka are liable to face jail time due to tax fraud should the president lose his reelection bid in November, a former Watergate prosecutor told <em>CNN</em> on Tuesday.</p><p>Nick Akerman, who investigated former President Richard Nixon's tax ...
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Biden Slams Trump/GOP, Demands to Fix Unemployment Benefits
2020-08-12 22:25:37 UTC
WASHINGTON — Democratic presidential candidate Joe Biden on Saturday slammed Trump and Senate Majority Leader Mitch McConnell for letting the Senate go home for the weekend without a deal to extend the unemployment benefits or protect renters facing eviction.
“Because Donald Trump is abdicati...
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WH Signals Willingness to Accept Keeping $600 Benefit For Now
2020-08-06 03:25:39 UTC
WASHINGTON (AP) — The White House and some of its Republican allies in the Senate are signaling they want to extend, at least temporarily, a $600-per-week expanded jobless benefit that has helped keep families and the economy afloat during the COVID-19 pandemic. The move looks to be too little, t...
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GOP Senators Struggle with $600 Weekly Unemployment Boost
2020-07-23 02:04:36 UTC
WASHINGTON (AP) — Senate Republicans and the White House reached tentative agreement late Wednesday for more testing funds in the next COVID-19 relief package, but deep disagreements over the scope of the $1 trillion in federal aid have forced a shift in strategy.
Facing a GOP revolt, Senate M...
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EU: Germany's Financial Aid Can Be Locomotive for Europe
2020-05-04 19:30:26 UTC
BRUSSELS (Reuters) — Germany’s extensive bailouts of coronavirus-hit companies can work as a locomotive for Europe, the EU’s competition chief said on Monday amid criticism from other, less wealthy EU countries about what they see as an unfair edge given to German firms.
To date, a whopping 52...
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UK's Small Business Loans Begin Today
2020-05-03 23:56:19 UTC
LONDON (Reuters) - A government-backed loan scheme to help Britain’s small businesses survive the coronavirus lockdown comes into effect on Monday, allowing firms such as hairdressing salons, coffee shops and florists to receive emergency cash.
Finance minister Rishi Sunak, who previously opp...
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Bank of England Allows UK Government To Run Up An Unlimited Overdraft
2020-04-10 14:33:45 UTC
LONDON (Reuters) - In London, the Bank of England said it would allow Britain’s government to run up an unlimited overdraft as the state promises to pay wages to millions of people laid off during shutdown, cut taxes for businesses and expand its welfare system.
With central banks around the ...
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EU Countries Agree to $550 Billion in Economic Support
2020-04-10 14:32:55 UTC
BRUSSELS (Reuters) - European Union finance ministers agreed on Thursday on half-a-trillion euros ($550-Billion) worth of support for their coronavirus-battered economies but left open the question of how to finance recovery in the bloc headed for a steep recession.
The agreement was reached a...
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Trump's Economic Nationalism Will Not Save The US Economy From Collapse
2020-04-09 17:07:02 UTC
BALTIMORE (AP) — President Donald Trump has been telling voters that the U.S. economy will leap back to life “like a rocket,” stronger than ever after its bout with the coronavirus.
But there is a reason economics is called the “dismal science.” There are emerging signs that any recovery will ...
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Trump Removes $2 Trillion Coronavirus Spending Watchdog
2020-04-07 22:59:07 UTC
WASHINGTON (AP) — President Donald Trump has removed the inspector general tapped to chair a special oversight board for the $2.2 trillion economic relief package on the coronavirus, the latest in a series of steps Trump has taken to confront government watchdogs tasked with oversight of the exec...
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A Guide to Surviving Financially as Bills Come Due
2020-04-01 22:06:24 UTC
<p>The coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due.</p><p>The good news is there is help available. Reach out immediately to your mortgage lender, student loan servicer or utility provider to see what’s available. Other assistan...
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Markets Fall Sharply as Coronavirus Outbreak Worsens
2020-04-01 21:41:27 UTC
<p>NEW YORK (AP) — Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts — and as experts say they still can’t predict when it will end.</p><p>The S&P 500 lost 4.4% after the White House sa...
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WHO IS ELIGIBLE FOR THE GOVERNMENT STIMULUS CHECK? HERE ARE THE ANSWERS:
2020-04-01 22:00:10 UTC
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks.
The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus...