Finance

Cigars could disappear from Britain’s shelves forever if a new "nanny state" crackdown comes to pass, tobacconists have warned.

Owners of second properties in Edinburgh are set to be hit with a 300 per cent council tax surcharge from January 2027, potentially pushing annual bills for the most expensive homes to nearly £16,000.

HM Revenue and Customs (HMRC) is "drawing millions into paying more tax" under a stealth raid, experts warn.

The British online fashion seller Boohoo has been fined €2.3m (£2m) by France’s consumer watchdog ⁠for deceptive ⁠practices such as offering fake discounts.

Diageo slashed nearly 2,000 jobs in the year to June as the struggling drinks giant launches a drastic restructuring to revive its fortunes.

The chief economist at Russia’s second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine.

Housing Minister Matthew Pennycook has denied suggestions that water companies could be allowed to raise bills during periods of drought and said Andy Burnham has been angered by the reports.

Council staff taking sick days are costing taxpayers £3million a day, new research has revealed.

The U.S. Department of the Treasury has permanently eliminated beneficial ownership reporting requirements for domestic companies and individuals under the Corporate Transparency Act, gutting a major federal anti-money-laundering disclosure program for American small businesses.

The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington’s raid on Venezuela, Lloyd’s List reported ‌on Monday.

With only 12 weeks remaining before his first budget, the new chancellor, John Healey, is exploring ways to increase public investment without breaking the Treasury’s fiscal rules – and some economists are encouraging him to be bold.

Higher taxes are now the biggest perceived threat to Britain’s millionaires, according to a new survey.

The U.S. Treasury’s financial watchdog fined a record $125 million penalty Monday against UBS Financial Services Inc. for "willful" anti-money laundering violations, including failing to monitor over $10 billion in foreign currency wires and ignoring red flags on high-risk clients.

China helped transform Germany’s automakers into global giants, delivering decades of strong sales and billions in profits. Now, it’s their biggest liability.

Capital One bank has asked a federal judge to dismiss a lawsuit from the Trump Organization over the closure of hundreds of bank accounts back in 2021, arguing in new papers that the shutdowns were the product of a monthslong anti-money-laundering review — not retaliation for the Jan.

Britain’s economy could be sent into a recession next year if the crucial Strait of Hormuz remains closed into 2027 amid a prolonged Iran war, according to a report.

A grieving family were mistakenly told by National Savings and Investments (NS&I) they would inherit £30,000 in Premium Bonds, only to discover the money did not exist.

Britain’s biggest drugmaker, AstraZeneca, is understood to be in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near-$400bn (£300bn) pharmaceutical group.

UK drivers have stolen almost £200,000 of fuel from petrol stations on average every day since the Iran war broke out and sent prices soaring, according to industry analysis.

Andrea Gacki has served as director of FinCEN since 2023. She’s the second top anti-money laundering regulator in the last five years to leave and join Citibank.

A former Goldman Sachs senior officer has been awarded £1.45 million for sex discrimination and unfair dismissal after he was ‌fired while on parental leave.

Motorists in the UK are warned petrol prices are likely to hit 160p per litre from Friday, a new record since the start of the Iran war.

Ireland’s National Asset Management Agency (Nama) is set to be formally dissolved with immediate effect, the government has announced.