Business

Banks raise concerns over benefit debt recovery powers

Banks raise concerns over benefit debt recovery powers

UK banks warn new welfare fraud laws risk consumer protection rules. DWP can recover debt directly from accounts, bypassing courts. Banks fear conflicting with FCA rules.

قطارات الاتحاد تعلن عن مشروع القطار فائق السرعة بين أبوظبي ودبي

قطارات الاتحاد تعلن عن مشروع القطار فائق السرعة بين أبوظبي ودبي

UAE launched Abu Dhabi-Dubai high-speed rail project. It will reduce commute times, boost economy, and feature modern passenger trains & stations.

Davos 2025: Saudi Arabia calls for nations to put “greater good” first

Davos 2025: Saudi Arabia calls for nations to put “greater good” first

Saudi Arabia at Davos 2025: Emphasized global cooperation, 7% service sector growth, 30M tourists, AI importance, and private sector growth.

'Serious and systemic' problems found in insulated homes

'Serious and systemic' problems found in insulated homes

Govt. insulation scheme faces issues: 39 companies suspended for poor work on 65,000 homes. Audits found non-compliance and safety risks. Remedial work needed.

UnitedHealthcare names new boss after former CEO killed

UnitedHealthcare names new boss after former CEO killed

UnitedHealth appoints Tim Noel as CEO after Brian Thompson's fatal shooting. The suspect, Luigi Mangione, faces murder charges. Thompson's death sparked debate.

Sainsbury's to cut 3,000 jobs and shut cafés

Sainsbury's to cut 3,000 jobs and shut cafés

Sainsbury's to cut 3,000 jobs, close cafes/counters, citing cost pressures and NI increase. Morrisons also cuts roles. Industry warns more retail job losses ahead.