Most Asian Markets Rise With Earnings, US Data In View
Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.
London Is UK's 'Best Place To Start A Small Business'
Simply Business' "Best UK Cities for Small Businesses Index for 2024" has London listed as the best city in the UK to start a small business.
2023 Showed Lower Volatility for the Pound Sterling; But Will 2024 Be the Same?
Ever since the announcement of the Brexit result, the pound has never been the same. It wasn't just the instant drop off in its value
Bank Of England Freezes Interest Rate At 16-year High
The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.
Switzerland Becomes First Developed Economy To Cut Interest Rate
The Swiss National Bank cut interest rates on Thursday -- the first to do so among the major central banks, saying the battle against inflation was working almost two years after launching its monetary tightening campaign.
US Fed Expected To Keep Rates On Hold And Debate Timing Of Cuts
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.
Left-Wing Muslims Lose Faith In The Labour Party As Gaza Death Toll Passes 31,000
Labour's chance of winning the next general election has been threatened by its inability to call for a permanent ceasefire in the Palestinian territory.
UK Awaits Voter-friendly Budget Before Election
Britain's Conservative government unveils a pre-election budget Wednesday that could feature voter-friendly measures as Prime Minister Rishi Sunak's party badly trails main opposition Labour in polls.
Museum Visitors To Get First Sight Of King Charles Banknotes
People in the UK can get their first glimpse on Wednesday of banknotes bearing King Charles III's image.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
UK Economy Slides Into Recession Ahead Of Election
Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.
Stocks Bounce After Data-induced Drop
European and US stocks rebounded Wednesday from the previous day's sharp losses, as dealers went fishing for bargains, digested lower-than-expected UK inflation and shrugged off equity losses elsewhere.
Sticky UK Inflation Stokes Bank Of England Rate-cut Debate
British annual inflation steadied last month, official data showed Wednesday, but prices still rose at double the Bank of England's target rate, adding to uncertainty over the timing of an interest-rate cut.
Unemployment Rate in the UK: Official Figures Show Potential Discrepancy
The new data, derived from experimental results within the Labour Force Survey, could potentially exert pressure on the Bank of England to reconsider any immediate plans for interest rate cuts.
Bank Of England Freezes Rate As Inflation Stays High
The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs.
'Labour Is The Party Of Business,' UK's Starmer Tells Corporate Bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected.
Stocks Steady While Oil Prices Back Off Three-month Highs
European and US stocks were mostly flat Monday at the start of a week packed with major earnings and data in addition to central bank decisions on interest rates.
Which UK High Street Shops Will Close In 2024?
With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.
UK Govt To Plough Extra GBP1.3bn Into Nuclear Plant
The announcement from the Department for Energy Security and Net Zero late on Monday takes the level of state funding for the project in eastern England to more than GBP2.5 billion.
UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth
A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.
Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
Economic Headwinds Blow Stocks Lower Around The World
Global stocks moved lower on Wednesday as stronger than expected US retail sales data dimmed investors' hopes for an early start to interest rate cuts.
UK Inflation In Shock Rise, Dashing Rate Cut Hopes
British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an early cut to UK interest rates and prolonging a cost-of-living squeeze before an election.
UK Wage Growth Continues To Slow And Threaten Labour Market
The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.
The NHS Staffing Crisis: Bill for Temporary Workers Surpasses £10 Billion Annually
Recent figures indicate that the annual bill for hiring such personnel has skyrocketed to over £10 billion, raising concerns and calls for immediate action from ministers.
UK Housing Market Set for 3% Rise in 2024 Amidst Economic Resilience
Anticipation of interest rate cuts by the Bank of England has injected newfound optimism into the property sector.
Banking Watchdog Issues AI Warning As World Leaders Gather In Davos
Although the conference in Davos maintains a focus on the economy, AI is likely to play a big role in the discussions.
Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn
Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.
Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.
Reported £19 Billion Surge in Mortgage Costs as Fixed-Rate Deals Near-Expiry
Around 1.5 million households are anticipated to have increased mortgage costs due to the housing crisis as the period of fixed-rate deals is ending.