business

Crypto hedge fund Three Arrows files for US bankruptcy

Three Arrows Capital has filed for bankruptcy in the US, highlighting the scale and reach of the prominent crypto investment firm’s borrowings across the industry before it collapsed into liquidation this week. The Chapter 15 bankruptcy filing in Manhattan federal court late on Friday came just days after Three Arrows was pushed into liquidation in …

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Why 2022 is the worst time to retire in two decades

Pete Hykin, co-founder of Penfold, a pension provider, said that those reaching retirement should consider working longer or at least drawing out less than they had initially planned while relying on other forms of income. “By doing this, your pension pot can stay invested for a little while longer, giving you the chance to ride …

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Elon Musk risks losing his electric car crown as Tesla rivals accelerate

And it is not only VW. General Motors and Ford, the two kingpins of the US automotive industry, have begun looking further afield than their nation’s traditional gas guzzlers. Ford has this year been marketing an electric version of its long-lived Flareside pickup truck, dubbed the F-150 Lightning, while even the throaty roar of its …

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Train drivers’ strike to hit more than 90% of Greater Anglia services | Rail strikes

Greater Anglia train company is advising people not to travel on its services on Saturday because of a strike by drivers in a dispute over pay. The company said more than 90% of its services would not run because of the 24-hour action by members of train drivers’ union Aslef. There will be no regional …

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More UK households are turning to high-cost lenders, says charity | Borrowing & debt

Struggling UK households are turning to high-cost lenders in growing numbers as the cost of living crisis leaves them unable to pay their bills, anti-poverty charities have warned. It comes as the subprime lender Amigo, which has agreed to pay compensation to customers sold unaffordable loans, revealed plans to launch using a new brand called …

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More UK households are turning to high-cost lenders, says charity | Borrowing & debt

Struggling UK households are turning to high-cost lenders in growing numbers as the cost of living crisis leaves them unable to pay their bills, anti-poverty charities have warned. It comes as the subprime lender Amigo, which has agreed to pay compensation to customers sold unaffordable loans, revealed plans to launch using a new brand called …

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Surge in early retirement is fueling inflation, says top Treasury mandarin

In a rare public speech, Ms Lombardelli warned the UK is one of the only countries where inactivity among older workers remains higher than pre-pandemic levels. She said: “This is a human problem. Economic inactivity can be damaging to individuals, risking lower living standards, lower retirement income, and potentially poorer physical and mental health. “It …

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Many Crypto Traders Are About To Get ‘Torched’ and Completely Misjudge the Market, Warns Top Analyst

A top crypto analyst warns that many traders are about to pay heavily for misreading the current market meltdown. Pseudonymous trader Altcoin Psycho tells his 457,000 followers that trying to use 2018 models to predict the 2022 bottom is a flawed proposition. “Many traders who nailed the last bottom are going to get torched trying …

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UK government action to minimize disruption in the aviation sector and protect passengers

Why there’s disruption in the aviation sector The majority of UK flights continue to be on time and without disruption. However, some passengers have faced disruption, which has also occurred in the aviation sector across Europe and globally, and has been caused by: Ensure industry deliver a realistic summer schedule 1) We and the CAA …

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