Business
Meta strikes multiple AI deals with publishers | The Express Tribune
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BENGALURU:
Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday.
The tie-ups will allow the Facebook parent to provide “real-time” news and updates through its artificial intelligence chatbot by linking to articles and websites from the publishers.
The move comes as the social media giant looks to attract more users to its AI services amid increasing competition in the market.
Business
Redcar Area Foodbank running reverse advent calendar
Redcar Area FoodbankA foodbank is asking for donations ahead of Christmas through a reverse advent calendar.
Tracy Gibson from the Redcar Area Foodbank said it was “always busy at this time of year” and the advent calendar allowed people to give something to the local community.
Every day, the foodbank reveals on social media which item it would like the public to donate, ranging from food to Christmas treats.
Alongside the usual essentials, it will be asking for items such as custard, cranberry sauce and gravy.
Ms Gibson said instead of people getting something from an advent calendar in December, it was asking them to give something to the foodbank.
“We have a wee bit more treats in December, so that people can get a treat if they are struggling and need a food parcel, there’s some Christmas treats in there,” she said.
The foodbank will also be asking for items like socks, scarfs and gloves to give people an “extra little surprise” in their Christmas parcel.
Redcar Area FoodbankThe foodbank is also running a small toy appeal alongside the reverse advent calendar to help as many families out in the area as possible.
Ms Gibson said the foodbank was “always busy at this time of year” despite Christmas, as people were struggling more financially because of increased heating costs.
Business
Is Early Retirement At 50 Possible? Here’s The Savings Math
Last Updated:
Early retirement at 50 needs discipline, smart investing and a clear estimate of your future expenses. Compounding and diversification help build a strong long-term corpus.
To retire at 50, experts suggest multiplying annual expenses by 25–30 to find the ideal corpus.
Many people have a dream to stop 9-to-6 grind once and for all and take early retirement, typically after 50, when the body isn’t as fresh as in youth. But the task seems uphill, especially for the middle class, who are solely dependent on their monthly salary rather than a business.
Building a corpus isn’t rocket science. What it requires is financial discipline and self-control, while keeping focus on regular investment with a diversified portfolio, including equities, debt and gold and silver.
Compouding will work as magic wand to multiply your money, so you can build a substantial corpus that will be helpful in retirement.
Retiring at 50 means your money must last for the next 30–35 years, so estimating the right corpus is the first step, according to Ajay Kumar Yadav CFPCM, Group CEO & CIO , Wise Finserv.
So, How Can You Estimate A Right Corpus For You?
Yadav said that a practical way to do this to multiply one’s annual expenses by 25-30, based on the sustainable withdrawal rate of 3-4 per cent.
Giving an illustration, Yadav stated that if your current annual expense is 12 lakh, your ideal corpus should be 3 crore to 3.6 crore.
Inflation is the biggest money-eater and roadblocker in the pathway to building a good corpus. In simple terms, it reduces the purchasing power of the same amount over the time. For instance, what you can purchase with a note of Rs 100, you can’t do the same 5 year later.
Yadav explained that a monthly expense of 1 lakh grows to 1.34 lakh in five years at 6% inflation, raising annual expenses to 16.1 lakh. That lifts the required corpus to around 4 crore to 4.8 crore.
Other Assets As Important As Equities
Yadav underlined that equity is the main factor for compounding in the long term. However, he suggested, to still have a part of your investment in high-quality fixed-income allocations.
“They provide the investor with comfort, predictable cash flows and also help to maintain the discipline during the volatile phases,” he added.
Consider scenarios where equity returns stay flat, or markets go through multi-year volatility, Yadav underlined the importance of stress-testing for retirement plan. “. This exercise shows whether your corpus can truly last and whether you need to adjust spending, asset allocation, or risk levels.”
He recommended to add a contingency buffer of 10–15 %, setting up systematic withdrawals, and reviewing your plan annually can extend the life of your retirement money.
December 07, 2025, 12:47 IST
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Business
Sold 30 items on Vinted? Don’t panic if you get a message about tax
Jennifer MeierhansBusiness reporter
Getty ImagesJazz singer Billie van der Westhuizen started using Vinted about six months ago to sell clothes and shoes she hadn’t worn for ages.
“I got really into it and was selling loads of stuff,” she says. “Then I got a message saying I needed to enter my National Insurance number. It wasn’t clear at all why it was asking.”
Vinted users who have sold 30 items or made £1,700 in a year are being asked for their NI number, leaving many like Billie confused and some panicking that they will have to pay tax.
But this is not about any tax changes – it’s due to reporting rules for websites and apps that allow users to sell goods or services, including eBay, Etsy, Depop and AirBnb.
Billie, 30, from London, says she entered her NI number as prompted but in hindsight was not sure what it was about.
Billie van der Westhuizen“I just sent it but I thought there’s no way they could tax the amount of money I’ve made off this,” she says.
“If I was making thousands maybe, but I reckon I’ve made maybe £500 and I’m selling things for less than I paid for them.”
The pop-up alert Billie received sends Vinted users to a form asking for their name, address and NI number “as required by UK law”.
Some Vinted sellers have posted screenshots of the messages on TikTok and Instagram asking if they have to give their details, and if they do, will they be taxed.
VintedOne user posted on Reddit: “Vinted is asking for my National Insurance number, does this mean I have to pay taxes? I barely make money on Vinted – what happens if I ignore this?”
Chartered accountant Abigail Foster says while a lot of people may panic when asked for tax information by Vinted, for most users this is nothing to worry about.
“If you’re simply selling your own second-hand clothes or household items, you won’t owe any tax, even when Vinted shares that data with HMRC,” she says.
“This rule is aimed at people who are effectively running a resale business, not those decluttering their wardrobes.”
It would be very easy for HMRC to tell if someone was trading by checking for multiple listings of the same product or items bought and quickly resold for higher prices, she adds.
New reporting requirements for digital platforms came into effect on 1 January 2024 with the government saying they would help it “bear down on tax evasion”.
Vinted sellers reported receiving in-app messages asking for their NI number around this time last year.
Information must be shared with HMRC by the end of the calendar year that sellers hit the 30 item or £1,700 threshold, according to Vinted.
VintedAn HMRC spokesperson said: “People remain responsible for their own tax affairs, and for assessing whether they need to complete a tax return to report trading income.
“As your side hustle grows, any unpaid tax might come under the spotlight.
“This could lead to an unexpected and possibly very large tax bill if you haven’t told us about the extra money you’ve been earning. That’s why it’s really important to stay on top of your tax affairs.”
Research commissioned by HMRC in 2022 suggested around one in 10 UK adults participated in what it called the “hidden economy” – earnings that are entirely or partially concealed from the tax authority to avoid paying taxes.
What are the tax rules for online selling?
- Platforms must tell HMRC about anyone who sells more than 30 items or whose total sales hit £1,700 in a year
- This does not automatically mean these people have to pay tax
- Selling your own clothes or other items is not taxable if you’re selling them for less than you originally paid as you are not making a profit
- Tax only applies if you are buying stock to resell, or making more than £1,000 in profit per year
- If you sell an item for more than £6,000, you may need to pay Capital Gains Tax.
- You can use HMRC’s online tool to check if you need to tell the authority about your income
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