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.
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
Asian Markets Track Wall St Higher After Tech Surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this 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.
Real Estate Mogul Eric Spofford Launches Free Cash Flow Is King Training Program
With the ultimate goal of helping both new and experienced investors achieve financial freedom
Europe Slow To Join US-led Red Sea Mission Against Huthis
European countries have promised only low key military support to counter Huthi rebel attacks on Red Sea shipping, as they balance geopolitical and domestic concerns with economic fears.
Google Eliminates Hundreds Of Jobs In Ad Team Tweak
Google on Tuesday confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use artificial intelligence for efficiency and creativity.
Major UK Supermarkets Slash Prices on Aptamil Baby Formula Amidst CMA Investigation
This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.
Widening Wealth Gap: World's First Trillionaire Predicted in a Decade as the Poor Gets Poorer
The world's billionaires have collectively become £2.6 trillion richer since 2020, growing their wealth at a rate three times faster than inflation.
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.
European Stock Markets, Oil Prices Retreat
European stock markets fell Monday as data showed Germany's economy shrank last year, while oil prices cooled despite fresh US-UK strikes on Huthi targets in Yemen.
Billionaire Elon Musk's Tesla Halts German Production Amidst Shipping Attacks in Red Sea
The production pause brought about by the shipping attacks in the Red Sea may result in the non-production of approximately 5,000 to 7,000 cars.
IMF Chief Says AI Holds Risks, 'Tremendous Opportunity' For Global Economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.
UK Fintech Sector Secured More Funding Than 28 European Nations Put Together in 2023
Riding on the success of the UK firm Rapyd which raised £235 million, the UK fintech sector continues to be a leader in fintech funding despite a decrease in the number of deals secured in 2023 by over 100.
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.
Top Entrepreneurs To Follow in 2024
As we step into 2024, the landscape of entrepreneurship reflects the rapid evolution and transformation experienced in the previous year.
US Stocks Shrug Off Inflation Data, Nikkei Ends At Peak Since 1990
Wall Street stocks largely shrugged off a disappointing US inflation report Thursday, while Japan's Nikkei finished above 35,000 for the first time since 1990.
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.
Stock Markets Hesitant Ahead Of Inflation Data, Earnings
Global stock markets drifted on Wednesday, the eve of the release of key US inflation data and the start of the latest earnings season.
UK Retail Landscape Faces Challenges as December 2023 Sales Slow Down
The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.
US Stocks Mostly Fall As Tokyo Hits 33-year High
US and European stocks markets mostly retreated Tuesday as a rebound at the start of the week lost steam amid investor worries about the growth outlook.
Oil Prices Slump But Stock Markets Mostly Higher
Oil prices on Monday slumped following a sharp price cut by Saudi Aramco while Wall Street stocks rocketed higher, rebounding after a sluggish start to 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.
London Underground Strike Suspended At The Last Minute
A strike that threatened to grind London's underground network to a virtual halt for several days was called off at the last minute on Sunday following "positive discussions" in pay talks, the main rail union said.
German Car Sales Up In 2023 But Electric Models Lose Ground
Sales of new cars in Germany increased in 2023, official data showed Thursday, but an end to government subsidy programmes saw electric vehicles lose ground on fossil-fuel models.
Strikes Shut Doors At World-famous French Monuments
Tourists travelling to visit historic French landmarks the Eiffel Tower and Normandy's Mont Saint Michel have found their doors closed for part of the past two weeks, as striking workers complain of underinvestment and too many visitors.
UK Party Leaders Kick Off General Election Year
UK Prime Minister Rishi Sunak said on Thursday he had pencilled in later this year for a general election, as he and his main political rival to be Britain's next leader effectively kicked off campaigning.