Researchers Say That UK Businesses Could Benefit More From Immigration
Sunak's focus on the "overall migrant figures" has been dubbed as an "obsession" that does not recognise the contribution of skilled migrants to British businesses.
Lloyd's Of London Pays Out Over Slave Trade Links
Lloyd's of London, the insurance market, said Wednesday it would spend GBP52 million ($64 million) on racial-equality causes after a report found it played a "significant role" in the transatlantic slave trade.
Oil Slumps Below $80 As Stocks Wobble
Brent crude fell below $80 per barrel for the first time since July on Wednesday, while stocks struggled, as concerns about the economic outlook weighed on investors.
US Stocks Push Higher But Europe Slides
Wall Street stocks pushed higher on Tuesday on continued hopes of an end to global interest-rate hikes but Europe and Asia were weighed down by concerns about weak growth.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
Samsung To Integrate AI Into Galaxy S24 Series To Boost Unit Sales Next Year
Samsung is reportedly planning to ship 35 million Galaxy S24 units in 2024, which is a significant increase compared to previous models.
Stock Rally Loses Steam As Economic Concerns Return
A rally in stock markets on hopes that interest rates have peaked lost some ground Monday, as traders focused on concerns over weak economic data and conflict in the Middle East.
Intel To Play A Vital Role In Boosting Laptop Manufacturing In India
After teaming up with Indian companies, Intel will be sharing its expertise to facilitate the production of entry-level laptops in India.
Bank of England Holds Interest Rates At 5.25% for Second Time
Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.
Global Stocks Mixed, Yen Falls Ahead Of Fed Decision
Global stocks were mixed Tuesday following uneven economic data while the yen tumbled against the dollar ahead of a Federal Reserve decision.
How Next-Gen Tech Solutions are Disrupting Different Industries Today
Digital twin cities, flying taxis, and autonomous cargo ships are slowly becoming a reality
US Fed Likely To Pause Again With Rates At 22-year High
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
Sunak Announces AI Safety Institute Amid Calls for Moratorium on Advanced Development of the Technology
Recent applications of the technology have also led to groundbreaking scientific and medical advances.
Global Stocks Fall, Shrugging Off Blowout US Growth Data
Global stocks fell Thursday as markets shrugged off strong US economic data, digesting mixed corporate earnings and monitoring ongoing turmoil in the Middle East.
Rishi Sunak Calls for Global Attention to AI-Related Extinction Risk, Citing Growing Security Concerns
In an address at the Royal Society, UK Prime Minister Rishi Sunak advocated for placing the mitigation of human extinction risks due to artificial intelligence (AI) on par with global concerns such as pandemics and nuclear war.
Global Stocks Mixed As China Stimulus Lifts Asia
Global stock markets closed mixed on Wednesday as Wall Street tumbled while Europe made small gains -- and Asia rallied on China's plans to boost infrastructure spending.
UK Space Agency Signs Deal for UK Astronauts' Flight Mission to ISS
The UK Space Agency has signed a deal with the "only full-service orbital mission provider" in the space industry for a two-week UK astronauts' flight mission, showcasing the nation's role in commercial space investment.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
With Mideast Crisis, Russia And China Hope To Turn Tables On US
Since Russia invaded Ukraine, the United States has sought to isolate Moscow and pressure China to keep its distance.
UK Space Agency Makes Satellite Data Available To UK Companies To Transform Britain Into Space Economy
UK companies across various sectors like finance, logistics and transport can now use satellite data for their benefit as the UK Space Agency is opening it for business use.
Oil Prices Rise, Stocks Slide On Fears Of Broader Middle East War
Oil prices rallied and global stocks fell Wednesday on fears that the Israel-Hamas war could spill over into a regional conflict, after a strike at a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
Bosch Boilers Greenwashing With 'Hydrogen-Blend Ready' Green Claims
The Competition and Markets Authority is scrutinising Bosch and other boilers for misleading 'hydrogen-blend ready' advertisements which seem to be a greenwashing tactic to lure UK consumers.
Bulgaria Must Double Down on Rule-of-Law Reforms Before Eurozone Entry
Influenced by Russian propaganda, Bulgaria's pro-Kremlin parties are amplifying anti-euro disinformation. However, the country's ongoing rule of law problems render it unfit for immediate euro adoption.
Apple CEO Tim Cook Makes Surprise Visit To China
Apple chief Tim Cook made a surprise visit to China this week, greeting gamers in the southwestern city of Chengdu as his company faces slumping phone sales in its biggest market.
Average Pay Growth Rises Above Inflation for the First Time in Almost Two Years
The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.
UK-India to Strengthen Pensions Cooperation in 2023/24
The initiative, commissioned by the Foreign, Commonwealth & Development Office (FCDO), aims to deepen collaboration between the UK and India on recent and planned regulatory reforms in the pension sector.
Global Markets Stall As Oil Prices Pare Back Gains
Global stock markets stalled and oil prices flatlined Thursday, as a steady September inflation print renewed traders' concerns that interest rates will have to stay higher for longer to slow down price increases.
Israel-Hamas War A 'New Cloud' Over World Economy: IMF
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy.
Ex-Treasury Secretary Hints that the Pain of Osborne's Austerity is Still Being Felt Today
As Britain grapples with a cost of living crisis, the deeper fissures in the economy, including inadequate education and training spend, are more evident than ever.