High Street debt soars five-fold to £2bn in pandemic 

Thousands of independent shops set to disappear from the High Street after debt soars five-fold to £2bn in pandemic By Tom Witherow For The Daily Mail Published: 21:51 BST, 15 July 2021 | Updated: 22:04 BST, 15 July 2021 The High Street faces a tsunami of closures after debt at independent enterprises rocketed five-fold to … Read more

High Street debt soars five-fold to £2bn in pandemic 

Thousands of independent shops set to disappear from the High Street after debt soars five-fold to £2bn in pandemic By Tom Witherow For The Daily Mail Published: 21:51 BST, 15 July 2021 | Updated: 22:04 BST, 15 July 2021 The High Street faces a tsunami of closures after debt at independent enterprises rocketed five-fold to … Read more

Pension freedom costing savers £2bn as pots are left in cash accounts

Pension freedom is costing savers £2bn because their pots are wasting away in low-interest cash accounts Pension freedoms give savers aged over 55 free rein of their retirement savings Research shows more than 1.7million savers have taken their pension out in full One in three are feared to have moved their money to low-interest cash … Read more

Visa to buy Swedish fintech start-up Tink for nearly £2bn

Visa to buy Swedish fintech start-up Tink for nearly £2bn: Payments giant snaps up open banking platform after being forced to abandon similar deal Visa is buying Swedish fin-tech Tink for $2.2bn Tink develops technology to allow fintechs to connect to customers from different financial institutions  It comes after Visa was forced to abandon its … Read more

French billionaire Patrick Drahi buys a £2bn stake in BT

French billionaire buys Patrick Drahi £2bn BT stake: Now ‘king of cost-cutting’ is the telecom giant’s biggest shareholder By Tom Witherow For The Daily Mail Published: 22:16 BST, 10 June 2021 | Updated: 22:28 BST, 10 June 2021 Hammering down costs: Patrick Drahi (centre) celebrates his firm Altice’s New York flotation. He has now  bought … Read more

Does Chancellor’s £2bn jobs scheme need a little kickstart itself?

Does Chancellor Rishi Sunak’s £2bn jobs scheme Kickstart need a little kickstart itself? By Sarah Bridge, Financial Mail on Sunday Published: 21:52 BST, 1 May 2021 | Updated: 21:52 BST, 1 May 2021 When the £2billion Kickstart Scheme was launched by Chancellor Rishi Sunak last autumn, it was seen as a lifeline by many small … Read more

China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more

China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust … Read more