US Stocks Extend Rally, Yen Retreats Against Dollar
Wall Street stocks rose Monday ahead of a deluge of key economic news, extending a rally while the yen retreated from a recent advance.
Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors
The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.
Falling Inflation Shifts Focus To When ECB Could Cut Rates
With inflation dropping faster than expected and the economic outlook darkening, markets will be looking for clues about when eurozone borrowing costs might start to come down as rate-setters meet this week.
US Joins COP28 Push To End Fossil Fuels But Keeps On Pumping
The United States is helping lead the charge at UN climate talks to phase out fossil fuels, but the superpower's status as the world's top oil producer is already casting doubt on its credibility.
Washington Post Staffers Walk Off The Job In 24-hour Strike
Hundreds of staff at The Washington Post, one of America's most storied newspapers, walked off the job Thursday in a 24-hour strike after 18 months of contract negotiations failed to secure a deal.
UK To Raise BBC Licence Fee After Two-year Freeze
The UK government announced Thursday that the BBC licence fee will rise after a two-year freeze, but the broadcaster indicated the increase would not be enough to ward off further cuts.
EU Proposes Three-year Delay On UK Electric Car Tariffs
Brussels proposed Wednesday a three-year delay on tariffs on the sale of electric vehicles between Britain and the EU that was meant to kick in from January, in a major reversal of its previous position.
US Oil Prices Slide Below $70 A Barrel; Mixed Day For Global Stocks
US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve.
Bank of England To Assess Risks AI Poses To UK Financial Stability
AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering.
Global Stocks Mixed As US Crude Prices Slips To Five-month Low
Global stocks were mixed Tuesday as investors digested data suggesting a slowing US labor market, while US crude prices sank to a five-month low amid lingering concerns about demand.
Doctors In England To Stage Longest NHS Strike Ever
Hospital doctors in England plan to strike around Christmas in their longest industrial action in the history of Britain's state-run health service, after pay talks broke down Tuesday.
Women Leaders Have More Business Confidence Than Men
After decades of research into empowering women in business, a PNC survey reveals that the number of women who feel confident in running their business outnumbers that of men.
UK Property Market Anticipates 1% Price Drop in 2024 Amidst Seller Competition and Mortgage Rate Stability
Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.
Gold Hits Record High As Equities Weaken
Gold hit a record high on Monday as growing optimism that the Federal Reserve will cut US interest rates in the new year has dented the dollar in recent weeks.
Brexit, COVID And Strikes Have Left Hospitality Businesses In 'Crisis'
UK Hospitality says businesses are left in "crisis" mode after the recent Autumn Statement announced that the standard business multiplier would increase by more than six per cent.
Wealth Inheritance Surpasses Earnings for Next-Gen Billionaires, According to UBS Report
The UBS report revealed that many young tycoons are amassing wealth predominantly through inheritance rather than through their own entrepreneurial endeavours.
Nottingham City Council Issues Notice Signalling Financial Distress
Nottingham City Council issued a Section 114 notice, revealing that the chief financial officer was unable to produce a balanced budget for the current year.
Falling Inflation Gives Equities A Boost
Data showing lower inflation in the United States and Europe lifted stocks Thursday, with the dollar advancing as traders bet on faster ECB interest rate cuts following the surprisingly big drop in European prices.
UK's RMT Union Members Accept Pay Deal To End Long-running Rail Strikes
The RMT rail union on Thursday said its members have voted in favour of a pay deal to end more than a year of walkouts on the UK's strike-plagued rail network.
Global Stocks Mixed As OECD Warns Of Middle East Conflict Risk
Oil prices rose again Wednesday following a report of possible additional output cuts by exporters as the OECD pared back its global growth forecast and warned of an economic hit from the Israel-Hamas conflict.
Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties
The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.
Starmer Says Tories In "Open Revolt" As Sunak Left Red-faced At PMQs
At the start of his premiership, Sunak had promised to "stop the boats" but his Rwanda Bill was declared illegal by the Supreme Court.
Central Banks Risk Tipping UK and Other Developed Countries Into Recession
The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.
Oil Prices Rebound On Mixed Day For US Stocks
Wall Street stocks rebounded Tuesday behind solid retail data and reassuring comments from Federal Reserve officials, while oil prices rose and the dollar slid.
Tories Slammed For Brexit After Bank of England Says It Has 'Chilled' UK Economy
The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
Asian Markets Ease As US Inflation Comes Into View
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.
Oil Prices Drop Further After OPEC+ Delay
Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc.
The Economy, Stupid? UK PM Sunak's 'Only' Chance Of Re-election
UK leader Rishi Sunak's hopes of turning around his beleaguered Conservative party's fortunes before a likely general election next year hinge on a British economic recovery, observers say.
Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.