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Business

Houthi attacks on shipping in the Red Sea risk reigniting global supply chain crisis

Maritime Institute of Technology instructor Capt. James Staples, who has personally responded to pirates, breaks down the Houthi Red Sea attacks on ‘The Claman Countdown.’ Attacks by the Iran-backed Houthi militants on commercial shipping vessels in the Red Sea, a critical juncture point for world trade, risk reigniting a supply chain …

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DWP triggers cold weather payments for thousands of Britons – full list | UK | News

Around 10,000 Brits are set to receive £25 to help towards their heating bills this winter, as the Department for Work and Pensions (DWP) issues the first Cold Weather Payments. Forecasts of sub-zero temperatures in Cumbria, Northumberland and around the Scottish Borders have resulted in the payments being triggered in …

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Pensioners to get 4.75 percent real terms income boost with state pension increase | Personal Finance | Finance

Pensioners will be better off in April as the state pension and benefits increase but rising living costs are eating into the value of their income increases. Benefit payments, including Pension Credit, are going up 6.7 percent from April 6 while the state pension is going up 8.5 percent on …

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Nationwide slashes interest rates for savers – see which accounts are affected | Personal Finance | Finance

Nationwide has withdrawn a number of savings deals from sale and replaced them with new issues offering lower interest rates. The building society’s range of new product issues includes Fixed Rate Online Bonds, Fixed Rate Branch Bonds and Fixed Rate ISAs. However, new customers can now only benefit from interest …

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Ukraine adds sandwich franchise Subway to list of ‘international war sponsors’

Check out what’s clicking on FoxBusiness.com Sandwich franchise Subway is now on Ukraine’s list of “international war sponsors” for continuing to run more than 500 stores across Russia and helping finance Moscow’s war against Kyiv, the Ukrainian National Agency on Corruption Prevention (NACP) stated on Wednesday. In a press release …

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Fast fashion brand Boohoo incorrectly labelled thousands of garments as ‘made in UK’ | City & Business | Finance

Retailer Boohoo added “Made in UK” labels on possibly “thousands of clothes” made in South Asia, a BBC Panorama investigation has found. Plain T-shirts and hoodies had their original labels removed at Boohoo’s flagship factory in Leicester between January and October last year. A spokesperson from the fast fashion retailer …

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