Asian markets steady as investors await Fed chair's testimony
Asian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to start later in the day for clues on the central bank's next move on interest rates.
Nvidia's plans for sales to Huawei imperilled if US tightens Huawei curbs-draft
Nvidia Corp's plans to sell technology to China's Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company.
Fears of European industry exodus to U.S. may be overdone
European policymakers and executives have become less worried that billions of dollars of U.S.
Samsung to lose some business opportunities from Apple in 2024: report
It looks like Apple wants to reduce its dependency on Samsung for OLED panels and a slew of other components it gets from the Korean tech giant.
Apple supplier Foxlink's fire safety systems mostly faulty, official says
Most of the fire safety equipment at Apple supplier Foxlink's facility in southern India was not functional, a government official told Reuters on Tuesday, a day after a massive blaze forced production to be halted.
UK government aims to transform Britain into the next Silicon Valley and tech superpower
UK Chancellor Jeremy Hunt believes "being a technology superpower can change our country's destiny" and has plans to "unlock our national potential to be one of Europe's most exciting, most innovative and most prosperous economies".
Gas prices are falling but your energy bills still won't be affordable any time soon
At the end of last year, National Energy Action warned that by April 2023 8.4 million households would be in fuel poverty.
Stratospheric Balloon Ride: Japanese startup set to offer space travel
A Japanese startup, Iwaya Giken plans to start stratospheric balloon rides or commercial balloon rides later this year.
What is happening with the Bounce Back Loan Scheme?
Reports estimate £4.3 billion was been written off as being lost to fraudsters since the start of the Bounce Back Loan Scheme.
Britain's Sunak shuffles cabinet to bolster pledges on economy
British Prime Minister Rishi Sunak reshuffled his cabinet on Tuesday, breaking up two departments to better suit his pledges to spur the economy and turn around his party's fortunes before an election expected next year.
France, Germany test water on U.S. green subsidies
Germany's Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to press concerns about U.S.
Teachers in England and Wales vote to strike as the UK wage crisis continues
The National Education Union declared seven days of walkouts in February and March after nine out of 10 union teacher members voted for strike action.
Gold falls as dollar holds ground, traders eye U.S. data
Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S.
US sues Google over dominance of online ad market
The US said the revenue was unlawfully maintained by a monopoly that had "corrupted legitimate competition in the ad tech industry."
Luxury giants bank on Chinese return as Western shoppers sober up
The focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes COVID curbs after three long years.
FTX seeks court rulings on asset sales, customer privacy
Crypto exchange FTX will ask a U.S. bankruptcy court on Wednesday to allow it to auction off pieces of its business and to keep customer names secret for at least six months while it works to recover funds lost in what was allegedly a huge fraud.
UK parliament considers recalling Amazon exec after lawmaker 'unhappy' with testimony
A British parliamentary committee will discuss recalling a senior Amazon executive on Tuesday after at least one member raised concerns he may have given "misleading" testimony about its treatment of warehouse workers, a spokesperson said.
U.S. labor market strong at end of 2022; trade gap narrows sharply
The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffs fell 43% in December, pointing to a still-tight labor market that could force the Federal Reserve to keep hiking interest rates.
UK farmers warn the country is "sleepwalking" to probable food supply crisis
NFU warns the UK government of an impending food crisis amidst rising costs of production as UK food price inflation is to hit 17% by early 2023.
Japan, UK, Italy to develop next-generation fighter jet
Britain, Italy and Japan said Friday they will jointly develop a future fighter jet in a project that UK Prime Minister Rishi Sunak said would guarantee national security and safeguard thousands of jobs.
Crypto meltdown a boon for bankruptcy lawyers
Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers.
UK ousts China from new nuclear project Sizewell
Britain on Tuesday ousted China General Nuclear from construction of its new Sizewell C power station, further cutting controversial economic ties with the world's second biggest economy.
Government to aid UK households minimise cost of energy
The UK government has introduced new measures to help households minimise the way they consume energy and how they can save costs yearly.
The Yuan's the new dollar as Russia rides to the redback
Chinese entrepreneur Wang Min is delighted about Russia's embrace of the yuan.
Britain U-turns over energy-saving publicity drive
The government is already partially subsidising rocketing electricity and gas bills after prices soared following the invasion of Ukraine by key fossil fuel producer Russia.
Britain's new PM delays crunch budget plan
British Prime Minister Rishi Sunak on Wednesday postponed an eagerly awaited budget plan due next week, as the youthful new leader got down to business after weeks of political turmoil.
Sunak's cabinet: the ministers still serving in UK govt
Rishi Sunak unveiled his top team of ministers on Wednesday, hours after taking office as Britain's first prime minister of colour vowing stability.
Philips to cut 4,000 jobs as recall losses deepen
Philips to cut 4,000 jobs as recall losses deepen
King Charles's late great uncle accused of abusing 11-year-old boy, angry at 'systemic state cover-up on abuse'
This is the first time that someone has stepped forward to take allegations against Lord Mountbatten into court.
National Grid will pay families to use electricity only after 7 pm, warns of three-hour planned blackouts
The affected areas and the number of people left without electricity would depend on the number of gas power stations that would be forced to shut down.