Americans Are Spending More Money to Drive Worse Cars

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• Man allegedly used device to steal bank card details from shoppers at Mustafa Centre

  Liu was charged with illegally obtaining personal information and faces up to three years in jail, a fine of up to $10,000, or both. The NFC device, two power banks, a mobile phone, and several bank cards were seized upon his arrest. If found guilty, Liu can be jailed for up to three years, fined up to $10,000, or both.

  1 min read
• Bank of Japan may raise inflation forecast, stand pat on rates, sources say

  The Bank of Japan (BOJ) is expected to increase its inflation forecast for the next fiscal year, as rising oil prices are projected to exert longer-than-expected price pressures on the economy. The BOJ is also expected to keep interest rates steady at the two-day policy meeting ending on October 30, unless the yen renews its slide that lifts import costs and broader inflation. The central bank is likely to maintain its focus on mounting inflationary risks in a quarterly report due after the meeting, leaving scope…

  3 min read
• Is ₹3 lakh enough for your emergency fund?

  Emergency funds should primarily be built around essential monthly expenses, with a budgeting and tracking system to distinguish between needs and wants. The formula to calculate an emergency fund is: Emergency fund = Essential monthly expenses × number of months of required cover. For a family earning Rs 2 lakh a month, the calculation should be based on Rs 1 lakh essential expenses.

  9 min read