- + Interest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise—Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected. ]]> [Categ...
- + Gazprom swings to £5bn loss in blow to Putin—Russian natural gas giant Gazprom plunged to a loss of 629 billion roubles (£5.5bn) last year as its sales to Europe more than halved following Vladim...
- + German births fall to lowest level in a decade—German births have fallen to their lowest level in a decade in a sign of the demographic challenges facing Europe’s largest economy. ]]> [Category:...
- + US not suffering from ‘stagflation’, says Fed chairman Jerome Powell—The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said. ]]> [Ca...
- + House prices suffer unexpected slump amid rising mortgage rates—House prices fell for a second month in a row as mortgage lenders put up rates, according to a closely-watched survey. ]]> [Category: topics:things...
- + Taxpayer to fork out £85bn to cover Bank of England losses—Taxpayers will cover £85bn of losses made by the Bank of England on its quantitative easing programme which began during the global financial crisis, ...
- + HSBC boss to step down unexpectedly—The boss of HSBC has announced he is unexpectedly retiring after five years in the job. ]]> [Category: topics:things/uk-economy, topics:organisatio...
- + Tesla surges by $64bn after Elon Musk’s Beijing breakthrough—Tesla added nearly $64bn (£51bn) to its valuation after the EV giant took a step closer to launching self-driving cars in China. ]]> [Category: top...
- + Western banks pay €800m in tax to Putin’s regime—The largest western banks that are still operating in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in an illustration of how ...
- + UK stock market shrinking at fastest pace in history, says Goldman—The UK stock market is shrinking at its fastest pace in history amid a wave of foreign takeovers which have propelled the FTSE 100 to its strongest we...
- + Wall Street plunges after US inflation shock—US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumpe...
- + FTSE mining giant surges after £31bn takeover bid—British mining heavyweight Anglo American surged as trading began on the FTSE 100 after it confirmed it is “reviewing” a takeover bid from its...
- + Boeing slumps to £276m loss as midair blowout crisis deepens—Troubled aviation giant Boeing reported a first-quarter loss of $343m (£276m) as it battles to recover from safety concerns caused by the midair blowo...
- + FTSE 100 shows ‘stamina’ as it hits new record high—The FTSE 100 showed its “stamina” as it rose to a fresh record after a series of strong results from major companies. ]]> [Category: topics:things/...
- + FTSE 100 closes at fresh record high amid warning over rate cuts—Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the...
- + FTSE 100 closes at fresh record high despite rate cut warning—Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the...
- + Rate cuts still ‘some way off’, warns Bank of England chief economist—Interest rate cuts remain some way off, the Bank of England’s chief economist has warned, pulling the FTSE 100 back from its record high. ]]> [Cate...
- + FTSE 100 surges to record high as Middle East tensions ease—The FTSE 100 has closed at a record high after fears about an escalating conflict in the Middle East eased. ]]> [Category: topics:things/uk-economy...
- + May bank holiday train strikes: Dates and services affected— [Category: topics:things/rail-strikes, topics:things/commuting, topics:organisations/c2c, topics:organisations/southeastern, topics:organisations/sou...
- + GB News to axe 40 jobs weeks after revealing heavy losses—GB News is to cut 40 jobs as the opinionated broadcaster battles to stem losses . ]]> [Category: topics:things/uk-economy, topics:organisations/ft...
- + Zuber Issa to sell Asda stake to US giant amid rift with brother—One of Asda’s billionaire owners is close to selling his in the supermarket amid an alleged rift with his brother. ]]> [Category: topics:things/uk-...
- + FTSE sinks after Israel retaliates against Iran—The FTSE 100 is on track for its worst week in six months amid fears that a retaliatory strike by Israel against Iran could trigger a war in the Middl...
- + European markets plunge after Israel retaliates against Iran—European markets tumbled at the open amid fears that a retaliatory strike by Israel against Iran could trigger a war in the Middle East. ]]> [Categ...
- + IMF chief quotes Churchill as she warns of global chaos—The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming m...
- + Electric car demand plunges across Europe—Electric car sales plummeted across Europe last month as demand dried up despite the EU’s push to ban petrol and diesel vehicles by the middle of the ...
- + World faces permanently higher interest rates, warns Bank of England official—Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has...
- + Tesla tries to rescue Elon Musk’s $56bn payday—Tesla will ask shareholders to vote again on a $56bn (£45bn) pay package for its chief executive Elon Musk after a Delaware court voided the award. ]]...
- + Bailey signals UK on track for rate cuts as US grapples with stubborn inflation—Andrew Bailey has signalled UK interest rates remain on course to fall in the coming months amid growing fears that stubborn inflation will force th...
- + FTSE suffers worst plunge in over a year amid global sell-off—The FTSE 100 has suffered its sharpest drop in more than a year as fears about delays to US rate cuts added to worries about conflict between Israel a...
- + FTSE plunges as Israel vows retaliation against Iran - latest updates—The FTSE 100 has plunged after Israel vowed to respond to Iran’s unprecedented attack at the weekend. ]]> [Category: topics:things/uk-economy, topi...
- + Britishvolt’s gigafactory site sold off in electric car blow—US private equity investors have bought the site of what had been hoped would become Britain’s first electric car battery gigafactory in a blow to Bri...
- + Britishvolt’s gigafactory site sold off in electric car blow - latest updates—US private equity investors have bought the site of what had been hoped would become Britain’s first electric car battery gigafactory in a blow to Bri...
- + Elon Musk ‘to cut 14,000 Tesla jobs’ - latest updates—Tesla will reportedly lay off 10pc of its global workforce as demand for electric vehicles wanes and amid increased competition from China. ]]> [Ca...
- + Oil hits six-month high as Israel braces for Iran attack—Oil prices have jumped to their highest level in six months amid reports Israel is bracing for a potential attack by Iran. ]]> [Category: topics:th...
- + World risks ‘tepid Twenties’ as debt levels and inflation soar, warns IMF—The world is at risk of a “sluggish and disappointing decade”, the head of the International Monetary Fund has warned, while urging vigilance to resto...
- + Investors pile into British debt as hopes of Fed rate cut wane—Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Rese...
- + Thames Water collapse fears spread to rivals—Turmoil at Thames Water has triggered a wider sell-off in bonds across the utility industry as investors turn their attention to debt burdens at rival...
- + ‘Work hard, but find downtime – for the sake of your sanity’— [Category: topics:things/entrepreneurship, topics:places/city-of-london, topics:things/careers, structure:business, structure:special-exclusion, stor...
- + Putin seeks emergency petrol as Russia runs on fumes—Russia has reportedly asked Kazakhstan to supply it with petrol as Ukrainian attacks on its refineries force it to import gasoline. ]]> [Category: ...
- + April train strikes: Dates and the services affected— [Category: topics:things/rail-strikes, topics:organisations/trade-unions, topics:organisations/transport-and-industry, structure:business, structure:...
- + Fears grow over rate cut delays after US jobs shock—Money markets have pushed back their expectations for the first interest rate cut by the Federal Reserve after shock US employment figures. ]]> [Ca...
- + McDonald’s buys hundreds of Israel franchise restaurants after Hamas war triggers boycotts—McDonald’s is to buy back 225 of its restaurants in Israel after the fast food chain blamed a boycott in the wake of the Israel-Hamas war for a slump ...
- + Tube strikes: Drivers call off walkouts for April and May— [Category: topics:organisations/transport-for-london, topics:in-the-news/tube-strike, topics:things/commuting, topics:organisations/transport-and-ind...
- + US may be forced to delay interest rate cuts, warns Powell—Jerome Powell has warned the Federal Reserve risks being forced to delay its first cut to interest rates because of stubborn inflation and strong econ...
- + Tesla sales slump wipes $35bn off Elon Musk’s electric car giant—Tesla’s sales have fallen for the first time in four years as deliveries of Elon Musk’s electric cars went into reverse on the back of worsening deman...
- + Sam Bankman-Fried sentenced to 25 years for crypto fraud—Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for masterminding a fraud that cost ...
- + Cheap Chinese imports ‘distorting global prices’, warns US—The US Treasury Secretary has accused China of creating unfair competition that “distorts global prices” as it ramps up production of technologies aim...
- + Trump’s wealth surges by $5.5bn as Truth Social starts trading in New York—Donald Trump has entered the ranks of the world’s 500 richest people after shares in his social media company surged on their Wall Street debut. ]]>...
- + Pensions Secretary defends DWP in Waspi row—The work and pensions secretary has defended his department as he refused to commit to compensating women hit by the state pension age change. ]]> ...
- + FTSE 100 closes in on record high amid rate cut hopes—The FTSE 100 closed in on a record high on Friday amid growing hopes interest rate cuts are on the horizon as official data suggested Britain is out o...
- + ‘Be true to yourself, but don’t expect an easy ride’: Advice from top entrepreneurs— [Category: topics:things/entrepreneurship, topics:things/careers, structure:business, structure:special-exclusion, storytype:standard] [Link to media...
- + Bank of England faces backlash for being ‘overly cautious’ on rates—The Bank of England has been accused of putting caution before growth as it held interest rates at 5.25pc . ]]> [Category: topics:things/uk-econom...
- + High taxes make UK unattractive place to invest, says Santander boss—Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the ...
- + Tesco told to change Clubcard logo after losing legal battle with Lidl—Tesco has lost a bid at the Court of Appeal against a ruling that its Clubcard logo infringed on the trademark of rival supermarket Lidl. ]]> [Cate...
- + 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...
- + 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...
- + 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. ]]>...
- + 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...
- + 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....
- + 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...
- + 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...
As of 5/5/24 8:46am. Last new 5/4/24 8:19am. Score: 252
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