What does ‘x-times less’ mean?

TransferWise, for example, charges six times less for international cash transfers than Santander, a high-street bank.

—The Economist in ‘The great foreign exchange rip-off is coming to an end


I’ve never understood using multiples for discounts. What does charging ‘six times less’ even mean?
I understand what charging ‘a sixth’ means – ⅙ times the original.
I understand what charging ‘six times’ (more) means – 6 times the original.
I do not understand what ‘six times less’ means. It’s a ridiculously ambiguous term, and I’m sad that even the Economist used it.

P.S.: I love Transferwise. I cannot comprehend how people transferred money internationally before it came around – it’s fast, it’s cheap, and it’s transparent. Everything that the banking system is not. I really love it.

Surreal….

“I’ve been working on average 22 hours days…and I can’t tell if I’m dreaming or I’m actually talking to you. I’m also on six mood stabilisers and it’s waves of rage and suicidal ideation and seeing Michael Jackson bunnies coming out of my eyes…I should take a little nap.”

The surreal and hyper-humane humour of “Lady Dynamite”

The fertile world of Nigerian patois

The Pidgin phrase Naija no dey carry last, roughly meaning “Nigerians strive to finish first”, has become an unofficial national motto (as well as the title of a book satirising the country).

The fertile world of Nigerian patois, August 8, 2017 at 10:56AM

The celebrated novelist Chinua Achebe’s defence of writing in English, rather than his native Igbo, would ring true today whether spoken by politician or pop star. “We intend to do unheard-of things with it.”

Being Trump

To me Trump is someone who is always searching for a stronger, better word, but he never finds it. Whenever I play him, I make a long pause to find that word, and then I just repeat the word I started with: ‘These people are great people. They’re fantastic people, and I just want to say that working with them was . . . a fantastic experience.’

Axios AM, March 29, 2017 at 12:15 PM