The Nanjing-based buying website has grown into the world’s largest online-only fashion business, “measured by sales of self-branded merchandise,” in accordance with the market analysis firm Euromonitor. In addition to environmental impact, quick fashion impacts the health of consumers and garment staff. Harmful chemical substances such as benzothiazole, which has […]
costs
Sharp rise in mortgage costs heaps further pain on first-time buyers
Mortgage rates for first-time buyers have rocketed in the wake of the Covid crisis, dealing a major blow to Boris Johnson as he promises to get a generation of young people on to the housing ladder. “Alarming” figures from the Bank of England show that borrowers with a small deposit […]
Mortgage costs hit ‘record low’ but drag savings rates below 1pc for first time
Mortgage rates have fallen to a record low but this has caused further pain for savers, who have seen their average returns fall below 1pc. The Bank of England made two emergency cuts to the Bank Rate at the start of the coronavirus pandemic and this caused mortgage borrowing costs […]
How to book your holiday without losing money as travellers face risky coronavirus costs
Several countries on the list are expected to require Britons to self-isolate on arrival, including high-profile Commonwealth destinations such as Australia and New Zealand, which are thought unlikely to re-open borders before Christmas. The 24 are: Andorra, Belgium, Croatia, the Czech Republic, Denmark, Faroe Islands, France, Germany, Gibraltar, Greenland, Italy, Liechtenstein, […]
Japan halts anti-missile Aegis Ashore as costs soar past $2bn
TOKYO — Japan’s deployment of the Aegis Ashore missile defense system will be put on hold due to the ballooning price tag and the logistics of rolling out the hardware, the Defense Ministry said Monday. “When considering the costs and the time frame, we have no choice but to decide […]
Nissan-Renault alliance to deepen cooperation and cut costs
TOKYO — Nissan Motor, Renault and Mitsubishi Motors set out on Wednesday their plans to deepen their carmaking alliance to confront plunging vehicle demand amid the coronavirus pandemic, saying they would become more efficient and cut costs while ruling out a full merger. The three carmakers said their alliance would seek to cut […]
ANA will delay reception of aircraft to cut costs: president
TOKYO — All Nippon Airways will delay the delivery of aircraft as Japan’s largest airline makes moves to soften the financial blow from the coronavirus, President and CEO Shinya Katanozaka said in an interview with Nikkei. The global outbreak has closed international borders and has essentially grounded the airline industry as whole. To […]
Strapped for cash, IOC and Japan face hard bargain on Olympic costs
TOKYO — Tokyo Olympic organizers this week denied an International Olympic Committee assertion that Japanese Prime Minister Shinzo Abe committed to shouldering the additional costs of postponing the games until 2021, laying bare differences over how the funding strain will be addressed. Cost-sharing has been a sensitive topic for the […]
Can I get help to pay rent? What coronavirus means for your mortgage, energy bills and living costs
The coronavirus outbreak has left many people facing a significant loss of income. Some are unable to work due to illness, but many more will struggle to maintain their current earnings as the economy shuts down. Self-employed people and those on low incomes will be most affected as the Government has advised […]