Cash ISAs may not be delivering the value people think they are – despite their popularity – experts have warned. In fact, savers could be unknowingly losing out on thousands of pounds in potential returns by relying too heavily on these low-interest accounts. One finance expert is warning that treating Cash ISAs as a safe
Alibaba Group Holding’s chief financial officer Toby Xu Hong reiterated the company’s confidence in China’s growing artificial intelligence sector and the consumer market’s resilience in an interview with state news agency Xinhua, as he highlighted the tech giant’s significant investments in AI research, infrastructure, and on-demand delivery. Xu said Alibaba had earmarked 380 billion yuan
SALEM — The finance committee forwarded the revised city tax budget to city council for approval in its meeting Tuesday. Councilman and Committee Chairman Andrew Null, and councilman Jake Gano both said that the updated tax budget was significantly improved from the version which was rejected in the committee’s previous meeting on July 9, with
Hyderabad: As layoffs continue to affect employees across the country, auto finance companies are concerned about the future. Though they have not felt the impact of layoffs yet, many loan managers say they are preparing for a rise in payment defaults. Several companies, both multinational and domestic, have recently announced large job cuts, leaving tens
President Trump told reporters that India may be hit with a tariff rate of 20% to 25% and cautioned that the final levy still hadn’t been decided. This news comes days before Trump’s Aug. 1 deadline, when nations who have not yet reached a deal will face higher tariffs. “I think so,” Trump told reporters
QIIB has been awarded the 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar by the Union of Arab Banks (UAB), recognising its pioneering role and ongoing contributions in this field. Omar Abdulaziz al-Meer, Chief of Corporate Sector at QIIB, received the award at the Banks Awards and Commendations of Excellence ceremony, recently organised by
Laxmi India Finance IPO Day 1 Live: Laxmi India Finance Ltd, a Jaipur-based NBFC player, launched its initial public offering (IPO) on July 29. It will remain open till July 31. Laxmi India Finance IPO price band is fixed in the range of ₹150 to ₹158 per share. Laxmi India Finance’s offering includes a fresh
Meelan Gupta | Global finance & treasury pro w/ 25+ years’ experience in Africa, the Middle East, Europe & Asia | GeBBS Healthcare Solutions getty Many African economies face persistent shortages of foreign exchange (FX), particularly U.S. dollars, which can impair their ability to fund imports, pay off debt and maintain stable macroeconomic conditions. The
Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the UAE, has executed Turkish Airlines’ first-ever Islamic aircraft financing transaction. DIB acted as financier for the acquisition and induction of a new Airbus A350-941 into the Turkish Airlines fleet, with the transaction structured through a 12-year Islamic finance lease (Ijarah). Dubai
The Finance Ministry on Tuesday upgraded its economic view on Okinawa Prefecture, reflecting robust vehicle sales and an increase in Japanese and foreign tourists. In a quarterly report, the ministry left its view on the other 10 regions unchanged. It also adopted the same national economic assessment for the ninth straight quarter, saying that the