How to get started if you’ve never had a bank account

Managing your money without a bank account is doable. But it can pose challenges — and the COVID-19 pandemic has only added more.  In the US, your economic impact payment might’ve arrived weeks or months after others’ did, in the form of a cheque or prepaid debit card, because you couldn’t choose the faster delivery option of

Can you have too much credit?

People who care about their credit scores tend to obsess about some things they probably shouldn’t, such as the possibility they might have too much credit.  Let’s bust that myth right upfront: Leading credit scoring formulas such as FICO and VantageScore, don’t punish people for having too many accounts. And right now, having access to credit

Virgin Atlantic files for bankruptcy protection in the US

The pandemic claimed its latest corporate victim on Wednesday, with Virgin Atlantic filing for bankruptcy protection in the United States on Tuesday, even as the British-based airline tried to broker a rescue deal in the UK.   The COVID-19 pandemic has hit many airlines hard since at least March, with many having to close routes, and

Richard Branson set to be Virgin Galactic’s first passenger next year

Richard Branson, founder of space-travel company Virgin Galactic, will be the company’s first passenger when it heads into space next year, the company says.  Some 600 people have already paid US$250,000 to reserve a seat on the maiden flight, which will fly into the Earth’s atmosphere.  Virgin Galactic Holdings Inc is a vertically integrated aerospace and

Marketing opportunity for Egypt as Musk makes tweet on alien architects

Egypt has invited SpaceX and Tesla founder Elon Musk to come see the pyramids for himself after he made a tweet that the ancient monuments were created by aliens.  Musk had earlier tweeted “Aliens built the pyramids obv” adding his voice to a common conspiracy theory. The tweet received more than 27,000 comments with 88,000 retweets and more

Regulators approve Amazon bid for 16% stake in Deliveroo

UK regulators have given the go ahead for Amazon to buy a stake in Deliveroo, the UK-based takeaway delivery group, after a review showed that the move would not hurt competition.  Deliveroo had announced last year that the Amazon was the main investor in a funding round of US$575-million funding round. If successful, Amazon would gain

Diageo profits halve to £1.4 billion

The corona pandemic has more than halved profits at Diageo, the British drinks group which produces a wide range of global brands such as Guinness, Smirnoff vodka and Ron Zacapa,   The company announced on Tuesday that its annual profit after tax fell to £1.4 billion for the financial year ending June 30, compared to £3.16

EasyJet flies into pandemic headwinds

As the effects of the coronavirus pandemic intensify, EasyJet has declared a pre-tax loss of £324.5 million for its third quarter to June.  With many of its planes grounded, the loss for the budget airline was expected, and fell well below the profit of the three months to June, its third-quarter of £174 million a year earlier.  With

Microsoft set to continue potential TikTok deal

Microsoft is back on track to acquire the US-operations of popular video-sharing app TikTok, a Chinese-owned company. Previously the talks were in doubt as US President Donald Trump had threatened to ban the app over concerns for national security. But when the company met with him recently, the President appeared to back away from those