[ Spotify has announced record profits, but the music streaming heavyweight will still go ahead with raising its subscription prices next month. The Swedish company’s quarterly gross profit was more than €1bn for the first time after it reigned in marketing spending, although that meant the music-streaming giant missed its forecast for monthly active users. … Read more
[ CHINA will step up its efforts to align with high-standard international economic and trade rules, continue to expand market access, and implement measures to ensure national treatment for foreign-funded enterprises, Premier Li Qiang said on Wednesday in Guangzhou, Guangdong province. Li made the pledge when addressing a symposium attended by representatives of overseas buyers … Read more
[ In our bi-weekly series, readers can email in with any question about their finances to be answered by our expert, Charlotte Ransom. Charlotte has 30 years’ experience working in financial services and wealth planning, including ten years as a partner at Goldman Sachs. She co-founded Netwealth, which specialises in low-cost investing and financial planning … Read more
[ Scientists hope a clinical trial of a revolutionary new treatment for type 1 diabetes will pave the way for an end to regular insulin injections and blood sugar monitoring. The treatment involves transplanting lab grown insulin-producing cells into the arms of diabetes patients, just below the skin, that will work in the same was … Read more
[ Jeremy Hunt is set to press ahead with tax cuts at the Budget in March despite a warning from the International Monetary Fund (IMF) that it would hurt public finances. The Chancellor was urged not to reduce taxes further by the fund’s chief economist, who argued that doing so would make it harder to … Read more
[ Chancellor Jeremy Hunt has vowed to make tax cuts in his 6 March budget that are “affordable” and “boosts” the UK’s economy. Mr Hunt also claimed he is like Nigel Lawson, who served as Chancellor in Margaret Thatcher’s Government in the 1980s, whose tax cuts sparked a finance boom in Britain. The Chancellor said … Read more
[ Dear Rocio, What needs to be done to simplify the pension system for savers? Name and address supplied. Rocio says: My husband is going to be getting an extra Christmas gift this year, but I’ll not share what it is in case it ruins his surprise. As I was wrapping presents I remembered that … Read more
[ A €50bn package in financial aid for Ukraine from the EU has been vetoed by Hungary’s Prime Minister Viktor Orban just hours after the bloc agreed to open membership talks with Kyiv. On Thursday European Union leaders took the historic step of agreeing to start accession negotiations with a country at war, bypassing objections … Read more
