What Does It Mean to Have “Full Coverage”?

“Full coverage” automobile insurance is typically used to refer to a mix of coverages that assist safeguard a vehicle, such as collision and comprehensive. Full coverage for your automobile is, however, a myth.   Auto liability insurance, for example, is mandated by state law. Rental reimbursement, for example, may or may not be an option, … Read more

Uber Posts Record Revenue but Loses More Money From Investments

Uber on Tuesday reported record revenue in its most recent quarter and said more drivers and couriers were using its platform than ever before, suggesting that the company is emerging from a pandemic-fueled downturn in a far better position than it was two years ago. Still, Uber lost nearly $2 billion from its investments in … Read more

BP posts best quarterly profit in 14 years of £6.9bn

BP posts best quarterly profit in 14 years at £6.9bn as surging energy prices lead to a bonanza and 10% dividend hikeBP reported a second-quarter underlying replacement cost profit of £6.9bnThe group declared a 10% dividend hike and a $3.5bn share buyback scheme  Oil and gas prices have increased as economies have started opening up again … Read more

The most beautiful cities in the world according to science and the ‘golden ratio’ – Chester is No.1

According to science, the most beautiful city in the world is Chester. A study has revealed that the walled cathedral city, in the northwest of England, has the highest percentage of buildings – 83.7 per cent – that align with the ‘golden ratio’. Using this ratio as a guide, researchers drew up a ranking of … Read more

Car dealers blast Sadiq Khan’s plans to extend Ultra-Low Emission Zone

A body representing car dealers has spoken out on London Mayor Sadiq Khan’s plans to extend the Ultra-Low Emission Zone next year, blasting the decision as ‘the wrong move at the wrong time’ with the nation gripped by a cost-of-living crisis. Expanding the zone from 29 August 2023 could have a ‘disproportional and adverse effect … Read more

Direct Line set to hike premiums further after profits plummet

Direct Line set to hike premiums further after profits plummet thanks to ‘uniquely complex motor market conditions’Direct Line pre-tax profits fell 31.8% year-on-year to £178.1m  The firm blamed ‘uniquely complex motor market conditions’ for the declinePremium rates rose by 15% in the first half and bosses expect further hikes By Mike Sheen For This Is Money … Read more

Living Side by Side, Ukrainian and Russian Sailors Are Tested by War

There’s an unwritten code among sailors: Do not talk about politics and religion when at sea. But soon after Russia invaded Ukraine, it became clear to Andrian Kudelya, a 35-year-old sailor from Kyiv, that avoiding politics was not going to be possible. As his pregnant wife and son were fleeing Ukraine, two Russian sailors boarded … Read more

BP Triples Profit, Earning $8.5 Billion Windfall

BP, one of the world’s largest oil companies, easily beat expectations for second-quarter profit on Tuesday as high prices and constrained supply have driven up earnings for energy companies. BP reported an underlying profit of $8.5 billion, up from $6.2 billion in the previous quarter and triple the $2.8 billion in the same period last … Read more

Will we have to pay inheritance tax on cash gifts from my grandfather?

Heather Rogers: Find out how to ask her a tax question in the box below My grandfather is 86 and has started gifting his money to the family. He owns his own house which is worth around £600,000 with around £200,000 in his bank accounts. He has recently completed bank transfers under the reference ‘gift’ of … Read more