As housing market slows in UK, mortgage demand falls

According to a recent survey from the Bank of England (BoE), mortgage demand falls from a measure of -35.3 in the third quarter to -34.8 in the last quarter. The data, which was conducted between 22 November and 10 December, showed demand for...

Sunak likely to cut income tax, slash VAT

Chancellor Rishi Sunak is preparing to cut income tax by 2 pence to the pound or slash rates of Value Added Tax (VAT) before the next election, says a report. Sunak has reportedly told officials to chalk up detailed plans to reduce the tax burden,...

NCLAT to hear Amazon appeal, no interim relief

The National Company Law Appellate Tribunal (NCLAT) refrained from granting interim relief to US e-tailer Amazon in its plea challenging a Competition Commission of India (CCI) order that temporarily suspended the approval for its purchase of...

Govt to own 35.8% stake in Voda, 9.5% in TTL

The government of India is set to receive ownership in two private telecom companies – the debt-laden Vodafone Idea and Tata group’s Tata Teleservices (TTL) – in lieu of the interest dues from them, as part of the revival package for ailing...

US Supreme Court partially okays Trump's travel ban

The US Supreme Court has partially reinstated President Donald Trump's controversial travel ban targeting citizens from six predominantly Muslim countries, before examining the case in full this autumn

Arun Jaitley raises H-1B concerns with US treasury secy

India's Finance Minister Arun Jaitley raised the issue of tightening of the H1B visa regime with US counterpart treasury secretary Steven Mnuchin during their first meeting, highlighting the contribution of Indian firms and professionals to...

US asks public schools to let transgender access to bathrooms

The US administration has issued guidance directing public schools to let transgender students to use bathrooms and locker rooms matching their gender identity.

Will ‘Teflon’ President Zuma survive the latest scandal?

Former US President Ronald Reagan was called by his detractors “the Teflon president”. The nickname was coined by Patricia Schroeder, a Congresswoman, and reflected on how a plethora of scandals surrounding his presidency seemed to have no effect...

Bank of England cut growth forecast

Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.

Brexit deal in tatters

The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.

Picking the cherry

A recent Hometrack survey shows that 373,000 property transactions have been stalled as a consequence of the current lockdown, worth about £82bn

Sow & Reap

Interesting times.  Currently, we are being fed information regarding something we cannot see or have a grip off.  Therefore, we are lapping up all we are fed.  Even the official narrative does not make sense, even within its own narrative.

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