- + Giving up oil is a ‘fantasy’, says Saudi Aramco chief—Ditching oil and gas is a “fantasy” amid increasing demand, one of the world’s most powerful oil and gas bosses has said. ]]> [Category: topics:thi...
- + Baby formula lawsuit wipes £7bn off FTSE 100 giant—Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of...
- + Stagflation fears after surprise US inflation figures—Interest rates could stay high for longer after unexpected US inflation figures were released this afternoon, stoking fear of stagflation - high infla...
- + Elon Musk says Starship ‘will make life multiplanetary’ after most successful launch yet—Elon Musk has claimed his Starship rocket will “make life multiplanetary” after its most successful launch to date. ]]> [Category: topics:organisat...
- + Elon Musk’s Tesla is ‘growth company with no growth’—More than $14.3bn (£11.2bn) has been wiped off the value of Tesla after it was labelled a “growth company with no growth” by a Wall Street bank. ]]>...
- + Germany on ‘crash course’ with net zero as electric car sales slump—Germany needs electric car sales to pick up speed if Europe’s largest economy is to stand a chance of meeting its net zero goals, a study has shown. ]...
- + FTSE 100 surges amid hopes for interest rate cuts—The FTSE 100 jumped to its highest level since May as investors cheered the prospect of earlier interest rate cuts. ]]> [Category: topics:things/uk...
- + Worklessness now a feature of post-lockdown Britain, says OBR chief—Worklessness has become a “worrying trend” in the economy since the pandemic, the head of the UK’s spending watchdog has told MPs. ]]> [Category: t...
- + China lashes out at US over attempts to force sale of TikTok’s American operations—China has lashed out at the United States after congressmen told TikTok it may be shut down if it fails to break away from its Chinese parent company....
- + Vacancies fall at fastest pace for three years as companies limit hiring - latest updates—Job vacancies have fallen at the fastest rate since 2021 as employers delay or freeze hiring amid continued economic uncertainty. ]]> [Category: to...
- + Bitcoin hits $70,000 in new record high—Bitcoin reached an all-time high this afternoon, breaching $70,000, as investors become more confident of interest rate cuts by the US Federal Reserve...
- + Pound jumps amid US interest rate cut hopes—The pound has risen to its highest level in seven months amid hopes for US interest rate cuts. ]]> [Category: topics:things/uk-economy, topics:orga...
- + Death of cash helps boost tax revenue by £12bn—The death of cash has raked in an extra £12bn for Jeremy Hunt as card and digital payments make it harder for people to dodge tax. ]]> [Category: t...
- + Budget 2024: FTSE stocks leap after Hunt unveils Great British Isa—The FTSE 250 jumped higher amid increasing hopes that a British ISA will revive the fortunes of UK stocks. ]]> [Category: topics:events/budget, top...
- + Jeremy Hunt’s Budget: key points at a glance— [Category: topics:events/budget, topics:people/jeremy-hunt, topics:in-the-news/tax-rises, topics:in-the-news/tax-cuts, topics:things/national-insuran...
- + YouTube and Facebook hit by mass tech outage—Users of YouTube and Facebook experienced disruption this afternoon, with hundreds of thousands of users reporting problems. ]]> [Category: topics:...
- + EU fine wipes $78bn off Apple’s valuation—More than $78bn (£61bn) has been wiped off the value of Apple after it was fined €1.8bn (£1.6bn) by the European Union for breaking the bloc’s competi...
- + Interest rate cuts ‘some way off’ even if inflation hits 2pc, warns Bank official—Interest rate cuts will remain “some way off” even if inflation falls below 2pc in the spring, the Bank of England’s chief economist has warned. ]]>...
- + US inflation gauge hits lowest level in nearly three years—US consumer prices increased at their slowest rate in nearly three years, according to the Federal Reserve’s preferred measure of inflation, keeping a...
- + Bitcoin soars close to record high—Bitcoin has topped $60,000 for the first time in more than two years amid a flurry of excitement after the approval of wider trading methods in the US...
- + Extinction Rebellion protesters storm Walkie Talkie dressed in suits—Extinction Rebellion protesters have been arrested after gaining access to a series of London office buildings including the Walkie Talkie as they hel...
- + FTSE miners plunge as stocks hit lowest level in over two years—FTSE mining stocks have plunged to their lowest level in more than two years amid a flood of cheap Indonesian nickel onto global markets. ]]> [Cate...
- + China property crisis deepens as Moody's withdraws credit ratings—China’s property crisis deepened as Moody’s withdrew a flurry of credit ratings from key companies. ]]> [Category: topics:things/uk-economy, topi...
- + AI chipmaker adds $277bn in history’s biggest ever stock rally—US microchip maker Nvidia achieved the biggest one day increase in value of any company in history as investors clamour for a stake in the AI industry...
- + Aldi plans to create 5,500 jobs as shoppers switch to discounters—Aldi is to create 5,500 new jobs this year as the supermarket chain continues its expansion across the UK as shoppers switch to cheaper retailers. ]]&...
- + German offices suffer biggest slump in value across eurozone—German offices have suffered the biggest slump in values across the eurozone, data showed, as home working contributed to a downturn in the country’s ...
- + French strikes force closure of Eiffel Tower—Staff went on strike at the Eiffel Tower today in protest against the way the Paris monument is managed. ]]> [Category: topics:things/uk-economy, t...
- + FTSE 100 jumps amid US inflation shock—The FTSE 100 jumped after a stronger-than-expected rise in US wholesale prices pushed up the value of the dollar. ]]> [Category: topics:things/uk-e...
- + No guarantee of rate cuts when inflation hits 2pc, warns Bank official—There is no guarantee that the Bank of England will immediately cut interest rates when inflation falls to 2pc, a rate-setter on its panel has warned....
- + Stubborn US inflation dashes hopes of rate cuts in blow to Biden—Joe Biden has suffered an economic setback as higher-than-expected US inflation figures hit hopes that the Federal Reserve would rapidly cut rates thi...
- + Tyre maker Continental to cut 7,150 jobs as it switches to electric vehicles—Continental will cut 7,150 jobs worldwide by 2025 as it navigates the difficult switch to electric vehicles. ]]> [Category: topics:things/uk-econom...
- + German exit from EU ‘would ruin economy’—Germany would wreck its economy if it copied Britain and left the EU, the country’s finance minister has claimed. ]]> [Category: topics:things/uk-e...
- + Dover’s Port Health Authority threatens legal action over Brexit lorry checks—Health authorities in Dover could bring legal action against the Government if it does not reconsider a plan to move checks on potentially dangerous f...
- + Car giant Ford to axe 2,700 German jobs—Ford has agreed with union chiefs to cut about 2,700 jobs from a German plant as it switches electric vehicle production to Spain. ]]> [Category: t...
- + Germany forced to slash DHL stake by €2.2bn to fix railways—Germany has been forced to sell off some of its stake in package deliverer DHL as it struggles to improve the country’s rail network amid a budget cri...
- + Canary Wharf office sold at £160m discount—A Canary Wharf office once occupied by a casualty of the 2008 banking crisis is to be sold at a £160m discount in the latest blow to London’s beleague...
- + Nominations open for 2024’s Black British Business Awards— [Category: topics:things/careers, topics:places/city-of-london, structure:business, structure:special-exclusion, storytype:standard] [Link to media]
- + Britain hails economic revival as France and Germany stumble—Britain’s dominant services sector expanded at its fastest pace in eight months as France and Germany’s companies slumped, according to closely-watche...
- + Interest rates ‘to fall to just 4.5pc’ this year after US jobs shock—Interest rates will fall just three times in Britain to 4.5pc this year, money markets predict, after a shock US jobs report dashed hopes of early cut...
- + Wages still too high, warns Bailey—The Governor of the Bank of England has said wages remain too high for inflation to come down sustainably to its 2pc target. ]]> [Category: topics:...
- + Still too early to cut rates, says Fed—The Federal Reserve has held interest rates at 5.25 to 5.5pc while warning that it is too early to get hopeful about rate cuts. ]]> [Category...
- + UPS announces 12,000 job cuts and end of working from home—UPS is to cut 12,000 jobs and end home working as the delivery giant struggles with slowing demand for parcels. ]]> [Category: topics:things/uk-eco...
- + Paddy Power owner plans to quit FTSE 100 in fresh blow to London—The owner of Paddy Power is poised to quit the FTSE 100 and shift its main listing to New York, delivering a fresh blow to London’s struggling stock m...
- + Why China’s great property bust threatens to backfire on the West— [Category: topics:places/china, topics:organisations/property-and-construction-industry, topics:things/housing-market, topics:things/global-economy, ...
- + Electric car maker slashes hundreds of jobs—Electric car maker Polestar plans to cut around 450 jobs globally as it grapples with “challenging market conditions”. ]]> [Category: topics:things...
- + Lloyds Bank to axe 1,600 jobs across branches—Lloyds Bank will axe 1,600 jobs from its branch network as it shifts more deeply into online banking. ]]> [Category: topics:things/uk-economy, topi...
- + Microsoft becomes $3trn company on AI-driven rally—Microsoft became the second-ever company to exceed a $3 trillion (£2.4 trillion) valuation on Wednesday, after its focus on artificial intelligence (A...
- + Badenoch blames Biden for derailing UK-US trade deal—Kemi Badenoch has accused Joe Biden of derailing the UK’s hopes of a trade deal with the US as the President pursues increasingly protectionist polici...
- + 50,000 companies face collapse as ‘debt storm’ breaks—Tens of thousands of businesses are on the brink of collapse as higher borrowing costs and taxes pile pressure on the economy. ]]> [Category: topic...
- + UK bonds suffer worst ever start to year—The UK bond market has suffered its worst start to the year on record, according to a market gauge, after this week’s shock inflation figures . ]]>...
- + Hunt summons banks for talks on boosting business loans—The Chancellor, Jeremy Hunt, has reportedly summoned major British banks to Downing Street next week amid concerns that their poor stock market valuat...
- + FTSE 100 suffers sharpest fall in 5 months after shock rise in inflation—The FTSE 100 suffered its worst day since August as a surprise jump in inflation raised fears the Bank of England will be forced to keep interest rate...
- + Fortnite maker Epic loses US legal battle with Apple over App Store—The US Supreme Court has rejected a bid by the developer of video game Fortnite to challenge Apple over its App Store rules. ]]> [Category: topics:...
- + Britain’s final coal power plant ramps up power as cold snap hits—Britain is leaning on its final coal power plant for increased electricity supply as an Arctic blast hits the country. ]]> [Category: topics:things...
- + Citi to cut 20,000 jobs—Citigroup is to cut 20,000 jobs after the Wall Street bank suffered its worst quarterly loss since the financial crisis. ]]> [Category: topic...
- + Microsoft and Apple neck and neck in race to be world’s most valuable company—Microsoft briefly overtook Apple as the world’s most valuable company on Thursday as its bets on artificial intelligence (AI) begin to pay off. ]]>...
- + Inflation to fall below 2pc by spring, say economists—Inflation will fall below 2pc by April or May this year, economists have said, in a boost to mortgage holders hoping for interest rates to fall. ]]&g...
- + We didn't mean to rip people off at the pump, say Asda owners—The co-owners of Asda have insisted the grocery chain did not intend to make a bigger profit on fuel prices, after an investigation last year found it...
- + Barclays sheds 5,000 jobs amid cost-cutting drive—Barclays cut its workforce by around 5,000 last year as part of an ongoing push to strip costs from the lender. ]]> [Category: topics:things/uk-eco...
- + British borrowing costs jump after shock US jobs figures—The cost of Government borrowing leapt higher after the US economy added an unexpectedly strong number of jobs at the end of last year. ]]> [Catego...
- + Recession alarm bells ring for eurozone as Britain bounces back—Britain’s private sector companies ended last year “on a high” just as businesses in the eurozone face a recession, latest survey data show. ]]> [C...
- + Putin ships record gas supplies to China to prop up war economy—Russian energy giant Gazprom has announced a new daily record for the amount of gas supplied to China as Vladimir Putin seeks to prop up his war econo...
- + Apple downgraded over 'lacklustre' iPhone sales—Apple shares slumped by as much as 3.3pc after its stock was downgraded by analysts expecting “lacklustre” sales of iPhones. ]]> [Category: topics:...
- + Elderly ‘shut out of restaurants’ as chains cut costs with self-service kiosks— [Category: topics:things/jobs-and-employment, topics:organisations/mcdonalds-fast-food-restaurant, topics:things/restaurants, topics:things/fast-food...
- + Hunt contacts Thames Water chief after outage leaves Chancellor ‘beside myself with frustration’— [Category: topics:events/christmas, topics:things/water-and-sanitation, topics:people/jeremy-hunt, structure:business, storytype:standard] [Link to m...
- + German property prices plummet as housing bubble bursts—House prices in Germany dropped by a record 10.2pc in the third quarter in a further sign of the struggles faced by Europe’s largest economy since the...
- + Britain's largest oil producer strikes £8.8bn takeover of German rival—The largest oil producer in the North Sea has reached an $11.2bn (£8.8bn) agreement to acquire a German rival in its latest moves to expand from its N...
- + City handed post-Brexit boost as Hunt strikes trade deal with Switzerland—Jeremy Hunt has handed the City a post-Brexit boost by agreeing a trade deal with Switzerland. ]]> [Category: topics:things/uk-economy, topics:orga...
- + Boost for holidaymakers as pound set to hit $1.35 next year, say economists—The pound will likely hit $1.35 next year, according to economists, delivering a boost to holidaymakers switching currencies. ]]> [Category: topics...
- + Octopus Energy achieves £6.2bn valuation after raising £625m from investors—Octopus Energy has boosted its valuation to $8bn (£6.3bn) after raising $800m from investors. ]]> [Category: topics:things/uk-economy, topics:organ...
- + Talk of interest rate cuts ‘premature’, says US Fed deputy—Jerome Powell’s deputy has cautioned markets against expecting rapid cuts to interest rates, warning that it is too early to talk about lowering borro...
- + Pound jumps as Bank of England warns no interest rate cuts coming soon—The pound has leapt higher after Bank of England held interest rates at their current 15-year high and signalled cuts were not coming soon. ]]&g...
- + Interest rates to fall by 1 percentage point within 12 months, City predicts—Money markets are predicting the Bank of England will reduce interest rates by a whole percentage point to 4.25pc next year. ]]> [Category: topics:...
- + Thames Water doesn't have enough money to pay back debt, admits boss—Thames Water does not have enough money to pay back its debt ahead of a looming deadline, the boss of the struggling utility company has admitted. ]]&...
- + US banking giant urges investors to stop betting against British property stocks—Goldman Sachs has urged investors to stop betting against UK property stocks as the market shows signs of recovery. ]]> [Category: topics:things/uk...
- + Car makers face 1.2m payouts over emissions cheating claims, judges told—Car manufacturers are facing more than 1.2m compensation claims following allegations that “defeat devices” were fitted to diesel vehicles to get arou...
- + Tesla loses legal challenge against Swedish strikes—Tesla has lost a legal battle with Sweden’s postal service as its fight with Scandinavian trade unions escalates. ]]> [Category: topics:things/uk-e...
- + Pound hits three-month high against the euro as German economy struggles - latest updates—The pound has hit its strongest level against the euro in three months after Germany’s construction and manufacturing sectors slumped. ]]> [Categor...
- + EU mulls dropping punitive tariff on UK-made electric cars—The European Commission is set to recommend postponing a controversial tariff on electric cars traded between the UK and Europe by three years, accord...
- + Pension fund ownership of UK stocks hits record low—Pension fund’s share of Britain’s stock markets has fallen to a record low, official figures show, as they seek more profitable returns overseas. ]]&g...
- + Pfizer abandons plans for twice-daily weight-loss pill over side effects—Pfizer has dropped its plans for a twice-daily weight-loss pill after trials showed it caused significant side effects. ]]> [Category: topics:thing...
- + Oil price falls after Saudi-led cartel surprises market—The price of crude oil fell after a cartel of oil-producing nations led by Saudi Arabia surprised the market by issuing a statement that failed to inc...
- + Biden spending binge triggers fastest US growth in two years—The US economy grew faster than expected in the third quarter of the year amid a surge in spending by Joe Biden’s administration. ]]> [Category: to...
- + National Grid to pay people to use less energy amid cold snap—Electricity suppliers will pay up to 1.4m households and businesses to limit their electricity usage on Wednesday in an effort to avoid blackouts, as ...
- + Tesla sues Sweden in bid to avoid hit from strikes—Tesla has sued Sweden’s government in an attempt to circumvent strikes crippling its operations in the country. ]]> [Category: topics:things/uk-eco...
- + Madness descends on Oxford Street as HMV store reopens—Madness descended on Oxford Street today as the historic HMV store reopened after a four-year absence, with the retailer’s boss saying it is a “great ...
- + Borrowing costs jump as traders unpick Hunt's Autumn Statement—Short-term Government borrowing costs have risen at their sharpest pace since October in the wake of Jeremy Hunt’s tax-cutting Autumn Statement. ]]>...
- + Eurozone property debts worse than pre-financial crisis, warn ECB—Commercial property companies in the eurozone have worse debts than they had before the global financial crisis in 2008, the European Central Bank (EC...
- + No interest rate cut till 2025, predicts City bank—The Bank of England will not cut interest rates next year, City economists have predicted, as inflation is expected to remain persistently high. ]]>...
- + Households dealing with 'peak' pain from interest rates, says Bank of England official—Consumers are dealing with the worst of the impact of high interest rates right now, a Bank of England deputy governor has said. ]]> [Category: top...
- + Interest rates cut from February, says Goldman Sachs—Interest rates could be cut as soon as February, economists at Goldman Sachs have said, as a rate setter at the Bank of England warned borrowing costs...
- + UK secures record orders for bonds as inflation drops to 4.6pc—Investors acquired a record £93bn of UK government bonds during a sale today, it has been reported, as investors bet that interest rates have peaked. ...
- + Pound surges as US inflation falls further than expected—The pound has jumped after US inflation fell more sharply than expected last month raising hopes that interest rates in America will begin to fall ear...
- + Bank of England to cut interest rates as soon as May, economists predict—The Bank of England will cut interest rates from May, investment bank Morgan Stanley has said, in a boost to mortgage borrowers. ]]> [Category: top...
- + UK stocks suffer sharpest fall in three months as economy flatlines—Britain’s biggest stock markets have suffered their largest fall in three months after official figures showed the economy flatlined in the third quar...
- + Petrol garages under fire over rising margins at the pump—Petrol retailers have been accused of “taking advantage” of drivers at the pumps after a report showed motorists were hit with “significant increases”...
- + EU will be in recession by the end of the year, warns former ECB president—The former president of the European Central Bank has said the EU will be in recession by the end of the year amid surging energy costs. ]]> [Categ...
- + UK bond market rallies at sharpest pace in Europe amid interest rate hopes—The Government’s cost of short-term borrowing has fallen at the fastest pace in Europe today after the Bank of England’s chief economist raised hopes ...
- + Klarna turns first profit in four years as buy-now pay-later firm eyes listing—Klarna has recorded its first quarterly profit in four years as the buy now pay later company prepares for a flotation. ]]> [Category: topics:thing...
- + Former editor of The Telegraph named as Washington Post publisher— [Category: topics:places/washington-dc, topics:people/jeff-bezos, topics:things/newspapers, topics:things/media-outlets, structure:business, structur...
- + Pound higher as markets predict interest rate cuts—The pound has leapt higher after data showing the US economy added far fewer jobs than expected. ]]> [Category: topics:things/uk-economy, topics:or...
- + Sam Bankman-Fried found guilty of defrauding FTX customers— [Category: topics:people/sam-bankman-fried, topics:things/cryptocurrency, topics:things/fraud, topics:in-the-news/court-cases, structure:business, st...
- + Investors ramp up bets on rate cut next year after BoE meeting—Investors have ramped up bets that borrowing costs will fall next year after the Bank of England’s decision to hold interest rates at 5.25pc. ]]> [...
- + ‘Long way to go’ on inflation fight, warns Fed chief—The US still has a “long way to go” in the battle to get inflation back to 2pc, Federal Reserve chairman Jay Powell has warned. ]]> [Category: topi...
- + How can we prevent AI hitting escape velocity and leaving us behind?— [Category: topics:things/artificial-intelligence, topics:things/chatgpt, topics:things/big-tech, topics:things/machine-learning, topics:things/jobs-a...
- + UK stocks caught in 'doom loop' of decline, warn analysts—Britain’s small and medium-sized companies are trapped in a “doom loop” that risks destroying a crucial part of the UK’s financial ecosystem, analysts...
- + Mortgage approvals sink as borrowing rates remain at highest level since 2008—Mortgage approvals have fallen to an eight-month low as higher interest rates hammer buyers. ]]> [Category: topics:things/uk-economy, topics:organi...
- + Russia hikes interest rates to 15pc in fight against inflation—Russia has hiked interest rates to 15pc as policymakers step up their fight against inflation amid labour shortages and a weaker rouble. ]]> [Categ...
- + Christine Lagarde warns over impact of Israel-Hamas war on energy prices—Hamas’s terror attacks on Israel and the ensuing conflict risk hammering the global economy and driving up energy prices, Christine Lagarde has warned...
- + World must 'buckle up' for higher interest rates, warns IMF boss—The war between Hamas terrorists and Israel has had a “visible” economic impact, according to the head of the International Monetary Fund, as she warn...
- + Remote employees don’t ‘work as hard’, says billionaire private equity baron—The chief executive of private equity group Blackstone has said that remote workers do not “work as hard”. ]]> [Category: topics:things/uk-economy,...
As of 3/18/24 9:43pm. Last new 3/18/24 9:43pm. Score: 89
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