The Effects of Volatile Forex Rates to the Fashion Industry

  Sterling plummeted to some 31-year low from the times following the UK voted June 23 to depart the European Union. Its worth had shrunk marginally to $1.20 and $1.34 now, after news that the former home secretary Theresa May will substitute David Cameron as prime minister. “It is hard to forecast exactly what the long term consequences will be,” explained Asos chief executive Nick Beighton before now, later revealing that earnings rose 30 percent on year for the following four weeks on June 30. “In the medium term, we are anticipating a gain in the market rate. Our costs …

IRS Warns of New Phishing Scam Targeting Taxpayers with Claims for Tax Refunds

Last week, the IRS warns about a phishing scam that has been on college students and staff of educational institutions expecting to receive pending tax refunds, The warning was published last week after the tax agency received reports that government’s phishing@irs.gov email received numerous complaints related to impersonation scams that have been generally targeting persons whose email addresses with “.edu”. How the Tax Refund Phishing Scam is Being Perpetuated Using fake emails supposedly coming from the tax agency, which included logos to make their messages more believable, scammers sent notices that made references to “Recalculation of your tax refund payment.” …

The POS Exemption : How Its Abolition will Affect Car Dealers

In 2019, the Australian Banking Royal Commission acted on the growing complaints against car dealers who sign up customers for loans they can’t afford to pay. In his final report, Royal Commissioner, the Hon Kenneth Hayne AC QC, who led the year-long probe of the faulty financial service practices, recommended the abolition of the Point of Sale (POS) Exemption. Consumer advocates welcomed the Royal Commissioner’s report exposing the predatory selling practice. Many believe the POS exemption was a “loophole” that has allowed not a few car dealers to offer auto loans even without proper assessment of the customer’s financial capability. …