Credit

Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 storesStarbucks’s UK retail arm received a £13.7m corporation tax credit last year, even as its sales increased 6% and it added more than 90 stores.The credit, which can be used to offset future tax bills, comes after losses widened to £41.3m in the 12 months to the end of September – almost matching the £40m it paid in royalty and licence fees to its parent company. Continue reading...

• Blackstone closed a $10 billion opportunistic private credit fund on April 8, 2026, reaching its hard cap target despite ongoing capital outflows in the sector. • The fund's successful close highlights Blackstone's strength in private credit as investors remain cautious due to market volatility and higher interest rates. • This deal underscores the resilience of top alternative asset managers in attracting institutional capital amid broader private credit struggles.

• Blue Owl Capital investors requested $5.4 billion in redemptions from two private credit funds amid accelerating outflows in the financial services sector. • The fund manager reversed its policy by capping redemptions at 5% to manage liquidity pressures effectively. • This development highlights rising concerns over private credit market stability amid broader economic uncertainties.

• Visa introduced six AI tools on April 1, 2026, to modernize credit-card dispute processes for merchants, issuers, and acquirers using generative responses and predictive models. • The tools address over 103 million disputes processed in 2025, a 35% increase since 2019, with features like document summarization and centralized case management. • Deployment will streamline operations for US financial institutions, reducing resolution times and costs significantly.

• Recent federal tax legislation and policy changes now require parents to have a valid Social Security number (SSN) to claim Child Tax Credit (CTC), Additional Child Tax Credit (ACTC), and Earned Income Tax Credit (EITC). • Undocumented parents who file taxes with an Individual Taxpayer Identification Number (ITIN) can no longer claim these credits even if their children are U.S. citizens, significantly reducing tax relief for mixed-status families. • Federal policies enacted in 2025 expanded the range of programs treated as "federal public benefits" subject to immigration-status eligibility restrictions, including Head Start, community health center services, and Title X family planning services.

Treasurer Jim Chalmers said the changes would help with the cost of living and that ‘Australians hate paying’ the surchargesDebit and credit card surcharges will be gone by October under Reserve Bank reforms, with big banks likely to foot the bill for the cost-of-living measures.The new rules, announced on Tuesday, will enable businesses to remove added fees on Mastercard, visa and eftpos card payments. Continue reading...

• The leading U.S. medical school accreditation body, LCME, removed language from its 2027-2028 standards requiring schools to teach about health inequities and disparities. • The previous standards mandated instruction on "health care disparities" and "approaches to reduce health care inequities," which were replaced with language on self-directed learning skills. • The change comes as the Trump Department of Justice probes three medical schools, amid growing political pressure on diversity and equity initiatives in medical education.