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Buyer gets Rs 5.1 lakh compensation after bike spends 294 days in workshop
A Coimbatore consumer commission has taken a firm stand against Royal Enfield and one of its dealers, mandating them to pay ₹5.1 lakh to a buyer whose Continental GT 650 was plagued by continuous defects. The motorcycle endured over 294 days of repairs, yet the persistent mechanical and electrical failures remained unresolved, causing the owner significant inconvenience and financial strain.
Ex-Colombo crime family capo reveals how gas tax scheme raked in millions of dollars weekly
Former Colombo crime family capo Michael Franzese pulled back the curtain on the massive gas tax scheme that brought him to notoriety, revealing how the operation raked in millions of dollars per week during the latest episode of Sean Hannity’s podcast."I said, 'I'll show you more money than you've ever seen before...'" Franzese recounted telling his boss."I was bringing him $2 million a week," he added.A former capo in the Colombo crime family, Franzese rose to prominence after orchestrating th...
Tax barrister accused of evading £2million of income taxes to pay gardener
One of the UK's leading tax barristers has been accused of evading £2million of income taxes to pay his gardener. Robert Venables KC, 78, is facing three charges of tax evasion for almost 10 years, Southwark Crown Court has been told.Prosecutor Julian Christopher KC said Mr Venables "paid almost £2million less tax than he should have done"."There is no doubt in this case that Mr Venables did pay less tax than he should have done," he told the jury. TRENDING Stories Videos Your Say "The issu...
Planning to buy a Maruti? Prices set to rise by up to Rs 30,000 from June
Maruti Suzuki India will increase vehicle prices by up to Rs 30,000 starting June 2026 due to persistent inflationary pressures and adverse cost environments. The company has made efforts to mitigate rising costs but must now pass on a portion of these expenses to customers. This price revision affects the entire vehicle portfolio.
US-Iran war: Will rupee hit 100 versus US dollar soon?
Rupee depreciation is not new, what is new however is the rapid pace at which it is falling. It’s the biggest risk for India’s external sector resilience at the moment. In just over a year, the rupee has depreciated over 14%.
Jeff Bezos says struggling workers should keep their money
Amazon founder and one of the richest men on the planet, has called for the bottom half of Americans to pay zero federal income tax. Speaking during an interview on CNBC’s Squawk Box on May 20, 2026, Bezos argued that lower-income workers are already financially strained and should not be sending money to Washington.
With aluminum prices up 20%, recycling startups bet on AI to cash in
Rising gas prices have been a recurring headline since the Trump administration started its war against Iran in late February, but it’s not the only commodity affected by the conflict. Around 10% of the world’s aluminum is made in the Gulf region, so prices of the metal have reached levels not seen in the last several decades. Even before the war in Iran, the U.S. government had flagged aluminum as a critical mineral. A large share of U.S. demand for aluminum is met by imports, and much of the m...
FedEx CEO Describes How Fred Smith Chose His Successor
FedEx President and CEO Raj Subramaniam recounts how Fred Smith, the company's founder, unexpectedly asked him to become CEO during a flight to Los Angeles and later gave him freedom to reshape the company. Subramaniam is on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 29 at the Economic Club of Washington. (Source: Bloomberg)
From Compliance Burden To Competitive Advantage: Rethinking GRC In The Tokenized Economy
InnovationFrom Compliance Burden To Competitive Advantage: Rethinking GRC In The Tokenized EconomyByRamachander Rao Thallada,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 21, 2026, 09:30am EDTRamachander Rao Thallada is a Governance, Risk, and Compliance (GRC) Executive for Manulife, a modern North American financial institution. gettyGovernanc...
WATCH: Rachel Reeves announces Great British Summer Savings scheme
Rachel Reeves has announced a VAT cut from 20 per cent to five per cent on holiday attractions, including theme parks, zoos and museums, as part of her Great British Summer Saving scheme.She said: "It will include children's tickets for cinemas, concerts, soft play and the theatre, and it will cut the cost of children's meals in restaurants and cafes from 20 per cent to five per cent as well."These changes will apply across the UK from the start of the Scottish school holidays on the 25th of Jun...
Martin Lewis warns 750,000 people could be missing out on £2,200 payouts
Martin Lewis has warned that around 750,000 Child Trust Funds remain unclaimed across Britain, with the average account now worth £2,200.The money saving expert said many young people have no idea the accounts exist despite potentially having thousands of pounds waiting to be accessed.Anyone born between September 1, 2002 and January 2, 2011 may have a Child Trust Fund (CTF), which was originally set up by Labour to encourage long-term savings for children.The scheme saw eligible children receiv...
Net migration to the UK: Key numbers and trends
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US Jobless Claims Fall, Housing Starts Drop in April
US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year. Bloomberg's Michael McKee has this morning's economic data. (Source: Bloomberg)
Is an annuity still worth it in today's economy? Experts weigh in
MoneyWatch: Managing Your Money Is an annuity still worth it in today's economy? Experts weigh in We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including invest...
Middle East crisis: 58,500 LPG users shift to PNG, 96% deliveries verified
Amid Middle East tensions, the government assures stable LPG supplies with 96% DAC-based deliveries and 99% online bookings. Adequate petrol, diesel, and LPG stocks are available nationwide. Citizens are urged to avoid panic buying and conserve energy, with over 5,000 raids conducted against hoarding. Maritime operations remain normal, and all Indian seafarers in the Gulf are safe.
Walmart Warns Fuel Costs Are Squeezing the Bottom Line
Walmart says rising gas prices could lead to higher prices for consumers. Comparable US sales rose 4.1% in the last quarter and its profit forecast missed analysts' expectations. Mizuho Senior Equity Analyst David Bellinger joins "Bloomberg Surveillance" with more. (Source: Bloomberg)
U.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity, Report Says
BreakingBusinessBreaking NewsU.S. Will Invest $2 Billion In Quantum Computing Firms And Take Equity, Report SaysByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 21, 2026, 09:03am EDTMay 21, 2026, 09:03am EDTToplineThe U.S. will invest $2 billion in grant funding in return for equity stakes in nine quantum computing companies, the Wall Street Journal first reported citing the Commerce Department, including a $1 billion grant for IBM as the Trump administration’s push to take eq...
IMF Cuts France Growth Forecast and Warns of High Uncertainty
The International Monetary Fund lowered its growth forecast for France’s economy this year as the shock of the Iran war hits activity and uncertainty builds ahead of next year’s presidential elections.
A Small Business Guide To Understanding Multistate Tax Obligations
InnovationA Small Business Guide To Understanding Multistate Tax ObligationsByNicholas Pasquarosa,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 21, 2026, 09:00am EDTNick Pasquarosa is the Founder & CEO of Bookkeeper360, a 100% U.S.-based fintech firm specializing in accounting and advisory solutions. gettyMany business owners are caught off gua...
Why Performance Has Become The New Currency In Advertising
LeadershipLeadership StrategiesWhy Performance Has Become The New Currency In AdvertisingByGary Drenik,Contributor.Forbes contributors publish independent expert analyses and insights. Gary Drenik is a writer covering AI, analytics and innovation.Follow AuthorMay 21, 2026, 09:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.AI and Advertising ROIGetty Images - Narumon BowonkitwanchaiAs AI accelerates execution, reshape...