LONDON: Banks in Britain may face fines if they fail to provide access to cash withdrawals within a certain distance of customers, the UK finance ministry said Thursday evening.
Under a new framework, "the vast majority" of people and businesses in the UK should be no more than three miles (4.8 kilometres) away from a facility to withdraw or deposit cash, the Treasury said in a statement.
The government is granting the Financial Conduct Authority (FCA) watchdog the power to fine banks if they do not keep up with the standards of providing access to cash, it added.
According to the statement, currently most people in Britain living in urban areas can access cash points within one mile, but in more rural areas the distance rises to around three miles.
NEW DELHI: Soaring vegetable prices after a bad harvest have prompted Burger King Indian outlets to take tomatoes off their menu items, following in the footsteps of other fast food giants. "Even tomatoes need a vacation!" read a notice at an outlet in the capital New Delhi on Thursday. "Due to unpredictable conditions on the quality and supply of tomato, we are unable to add tomatoes in our food... we are doing our best to get back tomatoes in our burgers." The burger franchise has operated across India since 2014, replacing its usual lineup of beef burgers with an assortment of chicken and vegetarian substitutes to accommodate Hindu objections to cattle slaughter.
The government today approved a proposal in
principle under which the China Road and Bridge Corporation (CRBC) will
develop the external infrastructures of the Chinese Economic and Industrial
Zone to be set up on some 784 acres of land at Anwara in Chattogram.
The approval came from the 18th meeting of the Cabinet Committee on Economic
Affairs (CCEA) in this year held today virtually with Finance Minister AHM
Mustafa Kamal in the chair.
BEIJING: China on Tuesday released weaker than expected economic data, with slowing retail sales growth pointing to shaky consumer confidence in the world second-largest economy.
A slew of disappointing figures in recent months has reflected a slump as China post-Covid rebound fades.
Retail sales, a key gauge of consumption, grew 2.5 percent year-on-year in July, the National Bureau of Statistics said on Tuesday, down from 3.1 percent in June and falling short of analyst expectations.
Chinese leaders have sought to boost domestic consumption in recent weeks, with the State Council last month releasing a 20-point plan to encourage citizens to spend more in sectors including vehicles, tourism and home appliances.