NEWS

Rising inflation expectations pressure Bank of England

Pedestrians walk past the Bank of England, in London
British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England survey which is likely to boost policymakers' concerns that it will be hard to get inflation back to target.
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Robert Tsao, the former chairman of contract microchip maker UMC, speaks with his staff after a news conference where he announced his plans to fund civil defense education in Taipei

Taiwan Businessman Offers Funds To Train Civilian Marksmen

One of Taiwan's richest men, Robert Tsao, said on Thursday he would provide T$1 billion ($33 million) to two civilian defence training programmes, in a private effort to strengthen the island's defences amid heightened tension with China.