Infosys, one of India’s largest software companies, has reported an increase in its dividend, with a significant payout for the leader of the opposition, Rishi Sunak, and his wife, Akshata Murty. The IT outsourcing company has increased its interim dividend by 16.7% this year, according to its latest results, meaning Murty could receive a payout…
Nurphoto | Nurphoto | Getty Images LOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Thursday. Wall Street will be paying close attention to details surrounding the company’s advertising-supported business model, upcoming live sporting events and the continued effects of its password crackdown on subscriber numbers. After all, this is…
The Biden-Harris administration announced today an additional $4.5bn in student debt relief for over 60,000 public service workers. The latest round of relief has brought total student loan cancellation to over $175bn for nearly 5 million people since Biden took office in 2021, roughly 11% of all outstanding federal student loan debt, including 1 million…
Tech entrepreneurs will leave the UK “en masse” if the chancellor announces a significant increase in capital gains tax at this month’s budget, according to a leading industry investor. Harry Stebbings, a British podcaster turned investor who raised a $400m (£310m) fund this week, said the UK was “a bad place to do business” because…
The longstanding head of Britain’s most influential economics thinktank and one of the most influential figures in Westminster politics, Paul Johnson, will stand down next year. The director of the Institute for Fiscal Studies (IFS) said he would step down from the position in the summer of 2025 to take up the role as the…
Savers have started to withdraw cash from their pension pots amid fears over potential tax changes at the autumn budget, according to two investment companies. The investment platform AJ Bell said reports that the chancellor, Rachel Reeeves, was likely to increase taxes at the budget on 30 October had spooked some of its customers into…
Rachel Reeves will not change the rate of capital gains tax on the sale of second homes in the budget amid concerns about the impact on the property market. Ministers have decided to leave CGT levied on the sale of second homes and buy-to-let properties untouched because of concerns that increasing it would cost money,…
Introduction: European Central Bank expected to cut interest rates today Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The welcome slowdown in global inflation is clearing the way for central banks to pull down interest rates, and today the spotlight falls on the European Central Bank.…
Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los Angeles offices for using their $25 meal credits to buy items such as toothpaste, laundry detergent and wine glasses. The tech firm, which is worth £1.2tn and also owns the messaging platform WhatsApp, is said to have dismissed workers…
Pavlo Gonchar | Lightrocket | Getty Images More change is coming to Diamond Sports’ regional sports networks. The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels just as the National Hockey League season has started and the National Basketball…
