The proof-of-cash is one of the few procedures in the transaction accountant’s toolkit that has not changed meaningfully in decades. Processing Content The concept is straightforward: Every dollar that appears in the general ledger should be traceable to a corresponding bank transaction, and vice versa. In practice, executing that reconciliation across multiple bank accounts, multiple…
Lower oil prices generally lead to lower consumer fuel prices … but not always. There is a risk that models are overly tied to oil prices and that’s leading to expectations of lower consumer and business prices but if you’ve seen the fuel pumps lately, you’d know that’s not the case. The large gap has…
12:01 AM, 10th July 2026, 2 days ago 1 Research reveals that 69% of private renters in England have either never heard of the Renters’ Rights Act or are don’t know what it means. The TDS Charitable Foundation’s survey was carried out before the Act’s implementation began on 1 May. Only 32% said they had…
Gold and silver prices today, 12 July: The price of the yellow metal in India’s retail market plunged this week as compared with last week when it stood at ₹147,850. The fall in bullion comes as investors assessed renewed fighting between the US and Iran. Washington recently launched third round of strikes this week against…
Despite the U.S.-Iran ceasefire agreement, the Persian Gulf has seen on-again, off-again fighting as both sides try to assert control over the Strait of Hormuz. Iran insists that all traffic must receive its OK and has attacked ships attempting to cross the narrow waterway outside its approved route along the Iranian coast. On Saturday, it…
The selection of that panel carries particular urgency. The Federal Reserve’s first monetary policy report to Congress issued under Warsh — released July 11, ahead of his scheduled testimony before the House and Senate next week — stated that US inflation “stepped up further this spring,” with the central bank’s preferred Personal Consumption Expenditures (PCE) Price…
Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. The OpenAI employees named in the lawsuit, Chief Hardware Officer Tang Tan and technical staff member Chang Liu, are former Apple employees, the Wall Street Journal reported Friday (July 10). The suit alleges that Tan emailed himself information about…
Good news for shareholders in the International Biotechnology Trust: their fund has a significant holding in US cancer research business Nuvalent, for which GSK has just agreed to pay $10.6 billion– 40% more than its share price prior to the deal being announced. Even better: Nuvalent is the sixth company in the portfolio to have…
Employees who lose their jobs will no longer be able to withdraw their entire Employees’ Provident Fund (EPF) balance after two months of unemployment. Under the newly notified Employees’ Provident Funds Scheme, 2026, members can withdraw up to 75% of their EPF balance after becoming unemployed, while the remaining 25% will be available only after…
US says it struck 140 Iranian military targets Saturday