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Tag: cash

Brazil’s Bolsonaro says DiCaprio gave cash ‘to set Amazon on fire’

Brazil’s Bolsonaro says DiCaprio gave cash ‘to set Amazon on fire’

Science
Brazil's President Jair Bolsonaro has accused Hollywood actor Leonardo DiCaprio of "giving money to set the Amazon on fire".The president gave no evidence but in the past has accused NGOs critical of his policies of starting fires that ravaged the rainforest this year.Several arrests have been made amid controversial and unproven allegations fires were started to obtain funding.DiCaprio, who has pledged $ 5m for the Amazon, denied Mr Bolsonaro's claim.The latest comments appear to arise from the arrest of four volunteer firefighters from northern Pará state on allegations they started fires to generate NGO donations.Rights groups, NGOs and critics claimed the police operation against them was politically motivated and an attempt
Barclays in Post Office cash withdrawal climbdown

Barclays in Post Office cash withdrawal climbdown

Business
By Wale Azeez, business reporter Barclays has reversed its decision to stop the bank's customers from making cash withdrawals from the Post Office just two weeks after it announced the move.The company now says it will continue to allow customers to use their debit cards to take cash out over Post Office counters "for the next three years". The banking group faced widespread criticism and expressions of dismay from parliament, regulators, campaigners and the Post Office itself after announcing that from 8 January 2020, customers would no longer be able to withdraw cash from the Post Office using the cards.Its decision to scrap the service came at a time of rising concern about the demise of bank branches and free-to-use ATMs, particular...
China’s giant middle class is still growing and companies from Walmart to start-ups want to cash in

China’s giant middle class is still growing and companies from Walmart to start-ups want to cash in

Finance
Walmart has three Sam's Clubs in Beijing, including this one in Daxing District. The company plans to open five more in the capital city.Evelyn Cheng | CNBCBEIJING — Some are trying to create characters as memorable as Mickey Mouse. Others are launching lessons on how to cook steak. Still others know Chinese parents will pull out all stops for their kids.It's all a bet on the Chinese middle class, a consumer force McKinsey analysis predicts could reach 550 million in three years — that's more than one-and-a-half times the entire U.S. population today.American consumer giants and a slew of Chinese companies are now angling for a piece of the largest middle class market in the world.For Shanghai-based Pearl Studio, China's imminent rise as the world's largest movie market means the timing is
Consumers’ credit card spending ‘overtakes cash’

Consumers’ credit card spending ‘overtakes cash’

Business
Consumers spent more money on credit cards with UK retailers last year than they did in cash, a retailers' trade body has said.Debit cards were the most popular, but falling cash use pushed notes and coins down to third place, the British Retail Consortium (BRC) said.Cash accounted for just over £1 in every £5 spent with UK shops.The BRC argued that rising costs faced by retailers to process card payments could push up prices. The decline of cash in the UK - in charts Cash or no cash - where do you stand? Credit and charge cards accounted for £82bn, or 22%, of retail sales last year - outstripping cash (£78bn) for the first time, according to the BRC, which has been running its payments survey for 20 years. Spending on debit cards totalled £216bn.
Boris Johnson announces £1.8bn one-off cash boost for NHS hospitals

Boris Johnson announces £1.8bn one-off cash boost for NHS hospitals

Health
Prime Minister Boris Johnson has announced a one-off cash boost of £1.8bn for NHS hospitals in England.Of this, almost £1bn will be available immediately to go towards new equipment and upgrades to 20 hospitals.Writing in the Sunday Times, Mr Johnson said he was "determined to deliver" the promises of the Brexit referendum campaign and increase NHS spending.But Labour said it fell "significantly short" of the amount needed by the NHS and would not reverse years of cuts.The money is coming from the Treasury and is not a re-allocation of funds from the Department of Health.It is on top of an extra £20bn a year by 2023 announced by former prime minister Theresa May last year.Around £850m - spread over five years - will go towards funding the 20 hospital upgr