Service sector

Services Sector and Composite PMIs Offer Euro Support Despite Difficulties in Services Sector

It was another busy economic calendar for the eurozone this morning. The focus of attention was on the Member States and euro area services sector and composite PMIs. Member States For Spain, the services PMI fell from 59.8 to 55.8 against a forecast of 57.5. Activity in the service sector in Italy also grew more […]

Service sector

Public transport, schools and health services: sectoral disruptions as the country returns to work

The country continues to return to work today after another ‘Covid Christmas’. The BEC confirmed this week that around 18pc of the workforce is absent due to positive Covid tests or close contact with someone positive for Covid. We present to you our breakdown of potential disruption across different industries as the country begins to […]

Service charge

State Bank of India (SBI) will not charge service fees on IMPS transactions made through its digital banking channels

In an effort to boost digital transactions in the country, the State Bank of India (SBI) has announced that it will not charge any service fees on Immediate Payment Service (IMPS) transactions up to Rs 5 lakh through its digital banking channels. Informing clients in a tweet, the country’s largest public sector lender said that […]

Service charge

Kachka removing tips, 22% service charge implemented

The owners of the Russian-inspired restaurant in Portland say the tip system is rooted in inequality. PORTLAND, Oregon – Kachka, a famous Russian-inspired restaurant in Portland, will replace tips with a 22% service charge when it reopens after its vacation on Thursday. Company owners are instituting a fee to support their pay equity plan, which […]