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Mar142021 by adminNo Comments

TSA reports highest daily travel numbers in year despite COVID-19 variant worries

Business

March 14 (UPI) -- The Transportation Security Administration screened the most passengers in a single day since last year at the end of last week as spring break travel continues despite warnings from health officials. On Friday the TSA screened 1,357,111 travelers, the most since March 15, 2020, less than a week after the World Health Organization declared COVID-19 a pandemic. Advertisement The TSA reported its lowest travel volume of just 87,500 passengers on April 14, 2020, and air travel in 2020 fell 60% overall from the previous year to 324 million. The record in air travel came just a day before the United States administered 100 million COVID-19 vaccine doses, fulfilling President Joe Biden's pledge to reach the milestone before the end of his first 100 days in office. However, th...

Feb232021 by adminNo Comments

Wage growth at highest level since 2008 and payrolls show signs of recovery

Business

Rates of pay growth are running at their highest level since 2008, according to official figures which also show "early signs" of stabilisation for payrolled employment despite the continuing coronavirus pandemic.The Office for National Statistics (ONS) reported average weekly earnings were up by 4.7% on an annual basis during the three months to December. It suggests that many of those in work were being rewarded for their performances during the crisis as, when the effects of bonuses are stripped out, the rate of growth slows to 4.1%.Live COVID news from UK and around the world However, experts said they also reflected the fact that many of those to have lost work - stripping them from the wage figures - were more likely to have been in lower-paid jobs. ...

Jan202021 by adminNo Comments

Cuomo proposal would raise top tax rate for New York City to 14.7%, highest combined rate in nation

Finance

Lev Radin/Pacific Press/LightRocket via Getty ImagesNew York Gov. Andrew Cuomo proposed raising taxes on the wealthy to a combined level of 14.7%, which would be the highest state-and-local tax rate in the nation.The tax increase would raise $ 1.5 billion for the state, Cuomo said Tuesday in an address unveiling his 2022 budget proposal.More from Personal Finance:IRS may have paid $ 57 million in error for Trump tax breakTeachers are next in line for the Covid vaccineStates have tried seizing unemployment benefits during the pandemicThe move would be part of a three-pronged approach — raising revenue, cutting expenses and borrowing — to cover the state's historic budget shortfall due to Covid-19, Cuomo said."New York cannot manage a $ 15 billion deficit," according to Cuomo, who said th...

Dec302020 by adminNo Comments

UK house prices see highest growth in six years in 2020

Business

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Dec152020 by adminNo Comments

Oaktree emerges highest bidder for DHFL; Kapil Wadhawan offers fresh proposal to repay 100% within 8 yrs

Finance

US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources. The committee of creditors had fixed December 14 as the last for submission of revised bids. According to the sources, Oaktree raised the bid to Rs 36,646 crore, including Rs 1,000 crore for insurance and Rs 3,000 crore of interest earned, while Piramal Enterprises offered Rs 35,550 crore, including Rs 300 for insurance and Rs 3,000 of interest earned.Let's block ads! (Why?) Banking/Finance-Industry-Economic Times