Second Tranche Salary Increase in the Philippines: The Salary Standardization Law VI (SSL VI), launched in 2024, seeks to provide competitive pay for over 1.7 million public servants in the Philippines. This pay adjustment will be executed in four phases from 2024 through 2027. These incremental increases aim to bring government wages in line with
Self Assessment Tax Return 2025: According to figures released by HMRC earlier in 2024, over 1.1 million people filed their self-assessment tax return late. Even more interesting was that more than 61,000 people submitted their returns between 4-5pm on the deadline day, and approximately 33,000 left it until as late as 11pm. This clearly indicates
Wero App Revolutionizes French Payments: Launched in October 2024, Wero is quickly gaining traction in France, offering users the ability to make instant money transfers with just a phone number. Developed by the European Payments Initiative, a collaboration of 16 European banks and financial services companies, Wero is already making waves in the world of
US Federal Reserve Reserves Drop Below $3 Trillion for First Time Since 2020: The U.S. banking system’s reserves have experienced a significant decline, dropping below $3 trillion to their lowest level since October 2020. As of January 1, bank reserves fell by $326 billion, reaching $2.89 trillion, marking the largest weekly drop in over two
Two Social Security Checks in January 2025: In January 2025, some Social Security beneficiaries in the United States may receive two different payments—one regular check and another for Supplemental Security Income (SSI). The amounts of these checks will vary depending on individual circumstances, but if you qualify for both, you will receive them without any
Visa and Mastercard Users Set to Receive $1797 Direct Payment: A recent ruling from a US court has mandated Visa and Mastercard to pay a staggering $197 million in restitution to customers. This ruling comes as a result of unlawful additional fees that both companies collected from users who withdrew cash from ATMs in the
Verizon 2025 Class Action Settlement: In 2025, Verizon Wireless reached a settlement in a class-action lawsuit, agreeing to pay $100 million to compensate customers who were affected by deceptive advertising practices. The lawsuit centered on Verizon’s failure to disclose certain extra fees, such as administrative charges, when advertising its wireless plans. As a result, many
Breaking Down the $400 CPP/OAS Benefit Increase in 2025: Good news for Canadian seniors In 2025, both Canada Pension Plan (CPP) and Old Age Security (OAS) benefits are set to rise by $400, offering much-needed financial support to those who rely on these payments. With millions of seniors depending on these programs for retirement income,
Rivian Surpasses Delivery Expectations as Supply Chain Issues Ease: Rivian (RIVN.O) reported exceeding analysts’ expectations for its fourth-quarter vehicle deliveries, driven by a resolution of a component shortage that had previously hindered production. The company delivered 14,183 vehicles in the final quarter of 2024, a 42% increase from the previous quarter, surpassing the consensus estimate
HMRC’s £100 Fines: HMRC is issuing a strong warning to UK taxpayers as the deadline for submitting Self Assessment tax returns looms. If you haven’t filed or paid your tax return for the 2023–2024 tax year by January 31, 2025, you could be hit with a £100 fine. With just over a month left, it’s