Business

Dubai is set to expand its residential inventory with the delivery of 73,000 homes in 2025, taking the emirate closer to a total of 300,000 new units by the end of 2028, according to research from property consultancy Cavendish Maxwell.As reported by Arabian Business, Dubai recorded 42,000 property sales transactions valued at AED 114.4 billion ($31 bn) in the first …

Tammy Gooding BBC Hereford & Worcester Tanya Gupta BBC News, West Midlands PA Media Graham Lucas says an “awful lot of families just haven’t got sufficient money”, in Worcester A foodbank manager has criticised the UK’s two-child benefit cap and said many families in Worcester are struggling with food poverty. Graham Lucas, manager of Worcester Foodbank, spoke out as 11 …

Kevin Peachey Cost of living correspondent, BBC News Getty Images Changes to winter fuel payments to allow more people to receive it will be in place this year, the chancellor has said. Rachel Reeves said more people would qualify for the allowance “this winter”, however details of how the changes will be made and who will be eligible remain unclear. …

Dearbail Jordan Business reporter, BBC News Reuters Chancellor Rachel Reeves Chancellor Rachel Reeves is facing some difficult choices in the upcoming Spending Review, which sets the budgets for all government departments over the next few years. The review will confirm how much taxpayers’ money will be spent on the NHS and other public services used by millions, as well as …

It is hard to argue the UK exemption from the doubling of US tariffs on imported steel from 25 to 50% is not good news. It was not a given that the UK would get this carve-out despite having done a deal on 8 May to reduce tariffs on the metals to zero. That agreement is not yet in force, …

India’s services sector showed continued strength in May, with businesses reporting solid growth in activity, hiring, and international demand. The HSBC India Services PMI Business Activity Index edged up to 58.8 from 58.7 in April, reflecting another sharp expansion. A reading above 50 indicates growth, while anything below signals contraction. The sector’s momentum was underpinned by healthy demand conditions, effective …

Income Tax Department had extended the deadline to file ITR for FY 2024-25 to September 15 from July 31. (AI image) ITR Filing FY 2024-25: The Income Tax Department has activated its website incometax.gov.in for filing income tax returns using ITR-1 and ITR-4 forms. Eligible individuals can now submit their ITR via the e-filing portal for FY 2024-25 (AY 2025-26). …

NEW DELHI: Adani Airports Holdings Ltd (AAHL) Wednesday said it has raised $750 million via external commercial borrowings (ECB) from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The company says it will “use the proceeds to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across …

Julia Bryson BBC News, Yorkshire Leeds Baby Bank Leeds Baby Bank trustees Faye Freeman and Laura Bennett at the new site A charity that supplies families with clothes and essential supplies for babies and children has said it needs to raise £60,000 to help kit out its new premises. Leeds Baby Bank is currently based at St John’s Offices in …

A food waste charity has celebrated one year of operations from its Surrey warehouse. FareShare Sussex & Surrey (FSSS), which collects and distributes surplus food to charities and community groups, marked the first delivery from its Guildford facility in June 2024. It comes amid Volunteers’ Week, an annual UK-wide campaign to recognise the contribution of volunteers to the country. FSSS, …