Tag Archives: Business

Trump tax bill drives world markets to record highs – business live

The New York Stock Exchange. Photograph: Drew Angerer/Getty Images City unhappy about Barnier’s Brexit views Britain’s financial sector has reacted badly to the news that Brussels won’t accept a special deal for the City of London after Brexit. Michel Barnier, the EU’s chief negotiator, told the Guardian that the UK couldn’t have a bespoke deal that gave preferential treatment to certain ... Read More »

5 metrics to evaluate life insurance business

Till now you have interacted with life insurance companies as a customer, and so you needed to understand the different products they sold, embedded costs, performance record of the insurer and processes of making a claim. But last year, with ICICI Prudential Life Insurance Co. Ltd going public, followed by two other insurers this year namely SBI Life Insurance Co. ... Read More »

Ola acquires Foodpanda to enter food delivery business in India; to invest another $200 million

Ola’s rivalry with Uber has just entered a whole new dimension. Seven months after Uber launched its on-demand food delivery app UberEATs in India, Ola on Tuesday announced that it will acquire Foodpanda’s India business. In the bargain, the food delivery business in the country is likely to get a big boost, much to the delight of couch potato foodies. ... Read More »

Saudi’s $19 Billion Stimulus Will Prioritize Housing and Small Business

Saudi Arabia on Thursday unveiled a 72 billion-riyal ($19.2 billion) program to bolster private-sector growth, with money to support housing construction as well as fee waivers for small businesses, Commerce and Investment Minister Majid Al-Qasabi said. The package, part of a four-year, 200 billion-riyal stimulus program announced last year, contains 17 separate initiatives the government hopes will result in direct and ... Read More »

Small Business Groups Prefer Senate Tax Cut, But Mostly Don’t Love It

House Republicans appear to have largely given into their Senate colleagues on a tax cut bill, news reports suggest. (Photo by Aaron P. Bernstein/Bloomberg) You might have thought that when it comes to the competing tax cut bills that have been duking it out behind closed doors at the Capitol, advocates for small business would feel like they’re living in ... Read More »

Morneau’s small business tax changes promise simpler rules for income sprinkling

Federal Finance Minister Bill Morneau on Wednesday released new rules to clarify how family members will be treated under tax changes for small businesses. (Fred Chartrand/Canadian Press) The federal government has unveiled its new proposal to curb “income sprinkling” by some small business owners to family members, with substantive changes to a much-criticized initial proposal unveiled in the summer. But ... Read More »

UPS Store steps up to help small businesses ‘close the deal’ on Small Business Saturday

Small Business Saturday is a big deal for many independent businesses, with millions of shoppers expected to shop small on Saturday, November 25. Not all business owners will win the day simply by opening, however – they need to close deals by turning browsers into buyers and repeat customers, and the UPS Store is helping by offering a Closer Kit. The Small Business ... Read More »

The Three Best Sources of Small Business Loans Today

With stock markets performing well and optimism over President Trump’s tax cuts, small business lending is thriving in 2017. For the first time since before the start of the Great Recession a decade ago, big banks are now approving one quarter of the loan applications they receive. According to the latest Biz2Credit Small Business Lending Index, loan approval rates at big banks climbed two-tenths of ... Read More »

House Committee Approves Small Business Tax Changes

The House Ways and Means Committee last week approved a revised bill that would lower taxes for many small business owners, and Senate Republicans are also proposing changes in the tax laws. The House bill provides for a 25 percent tax rate for many sole proprietors, partners and shareholders in what are known as S corporations. These owners have what are called ... Read More »

Watchdog threat to RBS over treatment of small business customers

The RBS logo hangs behind glass at the bank’s headquarters in London. Photograph: Andy Rain/EPA The Financial Conduct Authority is considering whether it can take action against Royal Bank of Scotland over the way it treated its small business customers in the five years after the 2008 banking crisis. Publishing a summary of a report it commissioned on the bank’s controversial global restructuring group ... Read More »