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Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023
Southern California’s luxury real estate market never sleeps. But this past year, it collectively caught its breath. Luxury sales slowed down in 2023 — a combination of soaring interest rates, a newly introduced “mansion tax” and an inevitable drop-off from a pandemic market when megamansions flipped like hotcakes. In 2022, there were 17 home sales…

Barclays bank cut 5,000 jobs in cost-saving drive
The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.

‘Forever chemicals’ in microplastics spark over $250B a year health crisis: study
Microplastics found in the US food and water supply that contain “forever chemicals” are contributing to a quarter of a trillion dollar a year health crisis, according to a new study. In 2018 alone, exposure to the small plastics — which the Mayo Clinic has linked to heart health, hormone imbalances and even cancer —…

Sir Howard Davies: Not that difficult to buy a home, says NatWest chair
Torsten Bell, boss of the Resolution Foundation think tank which focuses on improving living standards, said it was “increasingly not true” that people save for a house deposit, due to half of first-time buyers in their 20s getting help of an average of £25,000 from their parents.

Boeing loses $13B in value as shares sink after feds ground best-selling 737 MAX jets
Boeing shares fell 8% on Monday and erased nearly $13 billion in market value following the temporary grounding of some of its best-selling 737 MAX jets by the US aviation regulator. A piece of fuselage tore off an Alaska Airlines 737 MAX 9 jet on Friday following takeoff from Portland, Ore., forcing pilots to turn back. The Federal…

Ministers vow to speed up justice for Post Office victims
The government says its plans for victims of the Horizon IT scandal will be published “shortly”.