Business

Spending around the European Football Championships the Euros is set to deliver a £2.75 billion boost to the UK economy, including pubs, supermarkets and tech stores.Celebrations - and commiserations - around the progress of England and Scotland are expected to bring out big crowds to pubs and fan parks.At the same time, many families are expected to splash out on cinema size TV screens and projectors as they host screenings through the tournament.While party, barbecue food and football themed merchandise are predicted to be big sellers for supermarkets.The figures come from the Men’s UEFA Euro 2024 Spending Report by VoucherCodes.co.uk, which predicts that 35.4m Brits will be following the matches at home, as well as in bars, pubs, and restaurants.Stats based on a consumer survey sugg...

Check out what's clicking on FoxBusiness.com The Trucking Association of New York filed a federal lawsuit Thursday against the Metropolitan Transportation Authority over the city’s congestion fee, arguing it unfairly targets trucks and logistics with higher rates than passenger vehicles.   According to a March proposal, trucks would be subject to a charge of $24 or $36, while drivers in private passenger cars should expect to pay about $15, with lower rates for motorcycles and late-night entries into the city.The association said it and its members were "not fundamentally opposed to congestion pricing" but was "fighting to overturn the current version of this plan and hopes to improve the plan to reduce its adverse impacts and introduce parity for the logistics industry."  The asso...

NS&I has clarified how the bank holiday will affect people cashing in their Premium Bonds.A customer got in touch with the provider over X on May 23 to ask: "If I request to withdraw money from my Premium Bonds tonight how long does it take to show in my bank?"The savings giant replied: "If you make a withdrawal from your Premium Bonds today, as long as it is before 8pm, it will arrive to your bank on 28 May."The saver then asked for a further clarification, querying: "Would that still be the case as it is a bank holiday this week? I made withdrawal last night at 7pm."NS&I responded: "Yes, the timeframe accounts for the bank holiday."Express.co.uk contacted NS&I to request further information about how bank holidays affect withdrawals.We were directed to information on the N...

Former Department of Transportation official Diana Furchtgott-Roth says the Federal Aviation Administration is investigating on The Evening Edit.  The head of the Federal Aviation Administration (FAA) said Thursday that Boeing has a "long road" ahead of it as the planemaker readies a plan aimed at assuring regulators it is adequately addressing safety concerns in its manufacturing. The FAA in February ordered Boeing to develop a comprehensive plan to correct quality-control issues after a door plug flew off a 737 MAX-9 mid-flight during an Alaska Airlines flight the month before. Boeing is slated to deliver that plan on May 30. The Boeing logo is pictured at its factory in Renton, Washington, where the Boeing 737 MAX airliners are built, on April 20, 2020. (Jason Redmond/AFP vi...

This rule ensures that state pensions rise each year in accordance with the highest of the following: average annual earnings growth from May to July, CPI inflation in the year to September, or 2.5 per cent.This April, both the new and basic state pensions saw an 8.5 per cent increase. As a result, someone on the full New State Pension for those with a higher rate of National Insurance Contributions now receives £221.20, or £884.80 every four-week pay period during the 2024/25 financial year.However, those with a lower rate of National Insurance Contributions, who are receiving the full Basic State Pension, will receive £169.50 each week, or £678 every four-week pay period, reports the Daily Record.Recently, it was announced that the Consumer Prices Index (CPI) inflation dropped to 2.3 ...

JPMorgan Chase CEO Jamie Dimon reveals his latest concerns for the U.S. economy and the anticipated impact of looming bank regulations. JPMorgan Chase CEO Jamie Dimon told analysts and investors Monday that he's likely to depart from the company within the next five years as his succession plan starts to come into focus. Dimon made the comments during a question-and-answer session with analysts at JPMorgan Chase's annual investor day. His remarks included a notable shift from his past comments on succession planning, though he opted against giving a definitive timeline."The timetable is not five years anymore," Dimon said. When he has previously been questioned about his future plans, Dimon has generally said he plans to stay at JPMorgan for five more years. "I still have the energ...

A Boeing 747-400 caught fire upon take-off on its trip from Indonesia to Saudi Arabia and was forced to make an emergency landing. (Credit: Viral Press) Boeing’s shareholders voted to re-elect its outgoing CEO, contrary to the proxy adviser’s recommendation, amid an ongoing safety culture crisis.  Proxy Adviser Glass Lewis last month recommended against shareholders reelecting Boeing CEO Dave Calhoun at this week’s annual meeting, but they ignored the guidance and passed the measure, according to a preliminary tally. Lewis raised concerns over dissatisfaction with efforts to change the safety culture at the company, which has come under intense scrutiny this year after a number of high-profile incidents – including the death of a whistleblower and several high-level malfunctions an...

Lloyds Banking Group chief discusses mortgage trendsHome loan experts have revealed how the millions of people opting for ultra-long mortgages can protect their finances in old age.New official figures from the Bank of England have revealed a surge in the number of buyers opting for home loans running for up to 40 years.In theory as many as 3 million people now have a home loan they will still be paying off long after they have retired.There are rising concerns that the resulting monthly repayments – with their high interest costs - will leave older buyers facing poverty in old age.However, industry experts have told the Express that buyers can find ways to protect themselves. READ MORE Over-55s first-time home buying surges, but risks loom Millions of people opting for ultra-long ...

East Palestine resident Linda Murphy discusses the whistleblower that claimed the EPA ‘failed to protect’ the residents of East Palestine, Ohio on ‘The Bottom Line.’ East Palestine, Ohio, residents are expressing frustration after learning that the emergency response to the toxic train derailment last year was riddled with mistakes. "We're just hanging in there. It's all we can do," East Palestine local Linda Murphy said on "The Bottom Line" Thursday.The Environmental Protection Agency (EPA) is disputing whistleblower claims of mistakes and "no confidence" in early data collected from the site where a Norfolk-Southern train hauling caustic materials derailed along the Pennsylvania-Ohio border. A person who said he helped craft the technology and interpret data from advanced radiolo...

More than 200,000 members of the NHS pension scheme are losing their hard-earned pension payments due to a lack of awareness of pension scheme changes.New analysis of freedom of information data from the NHS Business Services Authority (NHSBSA), gathered by wealth manager Quilter, reveals that 209,553 are potentially losing out.From 1 April 2022, the old NHS pension scheme (final salary 1995/2008) was closed, and all active members were moved to the new 2015 scheme. After this date, members no longer accumulate benefits in the old scheme. However, a final salary link was established to ensure that any future increases in pensionable pay would still enhance the benefits from the old scheme.The 1995 section was designed when retirement was more binary – people often worked until 60, then ...