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Chinese developer Evergrande files for bankruptcy protection
Chinese developer Evergrande files for bankruptcy protection
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US...
2023-08-18 12:24
Biden 'confident' there will be no U.S. debt default
Biden 'confident' there will be no U.S. debt default
President Joe Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan
2023-05-17 23:15
Walker & Dunlop Affordable Investment Sales Team Closes Two Properties for $54 Million in Miami
Walker & Dunlop Affordable Investment Sales Team Closes Two Properties for $54 Million in Miami
BETHESDA, Md.--(BUSINESS WIRE)--Sep 25, 2023--
2023-09-26 06:48
Broadband customers plagued by issues despite inflation-busting price hikes
Broadband customers plagued by issues despite inflation-busting price hikes
More than half of broadband customers have experienced problems with their connection over the past year, despite providers inflicting inflation-busting price hikes, a survey suggests. The latest “broadband satisfaction survey” by Which? found that 53% of the nearly 4,000 broadband customers polled had experienced connection issues in the year to January, most commonly frequent connection dropouts, “very” slow speeds and slow uploads and downloads. The issues were “persistent” across all the providers, with narrow margins between the best and worst offenders for poor customer experiences. It's completely unacceptable that customers who have faced these eye-watering increases are also experiencing so many problems with their connection Which? The watchdog noted that the scale of problems added “insult to injury” as many customers saw their bills jump by more than 14% after many providers chose to impose inflation-based price increases earlier this year. Providers often link their annual price rises to January’s Consumer Price Index (CPI) or the Retail Price Index (RPI), which were 10.5% and 13.4% respectively – an amount which would have been unforeseeable for customers signing up to their contract 18 or 24 months previously. The current system forces millions of customers to choose between paying more each month or exorbitant exit fees, which can exceed £200. Industry watchdog Ofcom is currently investigating whether inflation-linked, mid-contract price rises give customers sufficient certainty and clarity when signing up to new contracts. Of the UK’s biggest providers, Sky, Virgin Media, and EE had the lowest proportion of customers who had not experienced any issues, with just 32%, 35% and 37% of their customers not reporting any problems. Of the major providers, BT fared best with 49% of its customers not experiencing a performance issue in the past year. Hyperoptic, Shell Energy Broadband and Utility Warehouse performed better, with half or more of their customers not experiencing any performance issue over the 12 months. However, even with these providers, at least four in 10 customers said they had experienced at least one problem. Frequent connection drop outs were the most common broadband issue, experienced by 19% of those who had suffered a problem. Some 17% suffered slow speeds, while 15% experienced slow uploads and downloads. One in seven (14%) said they had been left without a connection for at least an hour. One in 10 (12%) experienced slow or disrupted streaming when listening to music or watching videos and 8% said they were left without connection for more than a day. Overall, around four in 10 (44%) said they had experienced some kind of customer service issue and 11% said they had either found it difficult to get in touch with their provider or struggled to get their issue resolved. It’s absolutely critical that Ofcom’s review of inflation linked mid-contract hikes results in changes that ensure customers are never trapped in this situation again Rocio Concha, Which? Rocio Concha, Which? director of policy and advocacy, said: “A reliable connection is essential to modern life. Earlier this year, many broadband consumers were hit with mid-contract price hikes of more than 14% – meaning that it’s more important than ever that their provider offers a reliable connection and good customer service. “It’s completely unacceptable that customers who have faced these eye-watering increases are also experiencing so many problems with their connection. Broadband firms need to work harder to resolve these issues and offer a better service. “While some customers are able to switch away to better service and prices, many are trapped in contracts where they either have to accept above inflation price hikes in the spring or pay exorbitant exit fees to leave the contract early. “It’s absolutely critical that Ofcom’s review of inflation linked mid-contract hikes results in changes that ensure customers are never trapped in this situation again.” A Sky spokeswoman said: “We are committed to providing the best service to our customers. “We do not believe this is a representative survey – Ofcom’s quarterly complaints data shows we are consistently one of the least complained about broadband providers and, in Ofcom’s latest report, we received the fewest complaints out of all broadband providers.” A Virgin Media spokesman said: “While these findings are only taken from a small sample of customers, the latest, fuller data from Ofcom shows that our customers benefit from the fastest download speeds, and customer complaints on our broadband services fell by 22% in the first quarter of this year.” EE said: “Ofcom’s latest complaints report shows that we remain one of the least complained about broadband providers, with complaints remaining well below the industry average throughout recent years. “We have proudly led the way with social tariffs since 2008, with around 80% of the total market being supported on BT social tariffs. “Customers who are struggling financially and are eligible for our social tariffs can move penalty-free at any point in their contract, this also includes EE and Plusnet customers. “ Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Will.i.am hails AI technology as ‘new renaissance’ in music Heart transplant woman’s daughter twice saved her life using Alexa Dolly Parton on AI and not wanting to leave her soul ‘here on earth’
2023-07-04 07:26
xQc: 2023 net worth of the controversial Twitch streamer
xQc: 2023 net worth of the controversial Twitch streamer
Though xQc is primarily an Overwatch streamer, he also streams a number of other games
2023-05-18 12:28
Yellen Plans July China Trip While US Preps Investment Curbs
Yellen Plans July China Trip While US Preps Investment Curbs
US Treasury Secretary Janet Yellen plans to visit Beijing in early July for the first high-level economic talks
2023-06-27 04:29
Actors union vote to authorize a strike next month, possibly joining writers
Actors union vote to authorize a strike next month, possibly joining writers
Members of the union representing television and film actors, SAG-AFTRA, have voted to authorize a strike against major studios if a new contract isn't reached by the time their current deal ends on June 30.
2023-06-06 10:47
Brazil central bank to stick with 50 basis point cut- Reuters poll
Brazil central bank to stick with 50 basis point cut- Reuters poll
By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES Brazil's central bank will likely cut its benchmark
2023-10-27 20:22
Don't be fooled by rising consumer price data, take a peek behind the numbers
Don't be fooled by rising consumer price data, take a peek behind the numbers
US consumer prices rose 3.2% for the 12 months ending in July, according to the latest Consumer Price Index, which landed Thursday. That compares to 3% in June.
2023-08-11 19:45
Thai policy rate is right for now, Mideast war is a concern - central bank chief
Thai policy rate is right for now, Mideast war is a concern - central bank chief
BANGKOK (Reuters) -Thailand's current policy rate is appropriate for the economy, but the central bank is ready to make "adjustments"
2023-10-28 12:46
Hyundai and Kia recall nearly 92,000 vehicles and tell owners to park them outside due to fire risk
Hyundai and Kia recall nearly 92,000 vehicles and tell owners to park them outside due to fire risk
Hyundai and Kia are telling the owners of nearly 92,000 vehicles in the U.S. to park them outside because an electronic controller in an oil pump can overheat and cause fires
2023-08-03 20:18
China Mulls $137 Billion of New Funds to Aid Housing Market
China Mulls $137 Billion of New Funds to Aid Housing Market
China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s urban
2023-11-14 18:46