- + Stocks suffer as Trump calls for US shutdown to ‘begin now’—Donald Trump triggered a turbulent end to the week as stocks plunged after he called for a US government shutdown to “begin now” under Biden, rather t...
- + Thames Water fined for ‘unjustified’ dividends - but bills to rise 35pc—Thames Water faces yet another fine after the troubled supplier was found to have flouted new industry rules when it handed £170m to shareholders. ]]&...
- + Bank of England to pause interest rates as inflation jumps—The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for furth...
- + Britain ‘can’t afford Labour’ as inflation jumps—Britain has been warned it “can’t afford Labour” after inflation jumped to its highest level in eight months following Rachel Reeves’s £40bn of tax ri...
- + Inflation jumps ahead of interest rate decision—Inflation jumped to its highest level in eight months, official figures show, a day before the Bank of England is expected to announce its next decisi...
- + British borrowing costs surge after wage shock—The cost of UK government borrowing is on track to reach its highest level in 34 years when compared to Germany, after doubts emerged about how fast t...
- + Britain’s economy forecast to flatline after GDP blow—Britain will fall into stagnation in the final three months of this year, economists have predicted, as Sir Keir Starmer’s mission to turbocharge grow...
- + Lagarde launches veiled attack on France and Germany as eurozone cuts interest rates—Christine Lagarde launched a thinly veiled attack on France and Germany for causing “self-inflicted uncertainty” in the eurozone as the bloc cut inter...
- + Gas power hits record as wind speed slumps—Britain is more reliant on gas power than ever before today in a blow to Ed Miliband’s drive for a net zero economy. ]]> [Category: topics:things/u...
- + Australia to force tech giants to pay for news— [Category: topics:places/australia, topics:things/social-media, topics:things/big-tech, topics:organisations/meta, topics:organisations/google, struc...
- + Reeves warned of growing economic gloom after record tax raid—Britain’s biggest companies have warned Rachel Reeves that the economy faces further decline in the wake of her record £40bn tax raid . ]]> [Categ...
- + Banking shares surge as Supreme Court grants appeal over car finance crisis—Banking shares have jumped after the Supreme Court agreed to hear an appeal on the ruling that has triggered a potential motor finance mis-selling sc...
- + Pound surges against euro as European economy struggles—The pound has surged to its highest level against the euro in two-and-a-half years as policymakers prepare to cut interest rates to support the strugg...
- + China probe wipes $123bn off US tech giant as Xi braces for Trump tariffs—China has launched a competition investigation into the world’s most valuable chip maker as global trade tensions mount ahead of Donald Trump’s return...
- + British pensioner backing of London shares hits historic low—British pension funds have slashed their exposure to London-listed shares to a record low, delivering a fresh blow to hopes of a stock market re...
- + Rachel Reeves ‘will launch second National Insurance raid’—Rachel Reeves will hit employers with a second National Insurance tax raid as soon as next autumn, economists have warned. ]]> [Category: t...
- + Bitcoin hits $100,000 for the first time—The price of Bitcoin has hit $100,000 for the first time after Donald Trump’s election victory propels a boom in the cryptocurrency’s value. ]]> [C...
- + Biden was wrong to shun Musk, says Bill Clinton—US president Joe Biden made a mistake in not embracing Elon Musk, his predecessor Bill Clinton has said, after the Tesla boss donated millions to Don...
- + Italy’s deputy prime minister blames billionaire heir for Vauxhall owner crisis—Italy’s deputy prime minister has hit out at Vauxhall parent Stellantis, saying its problems are as much the fault of billionaire investors the Agnell...
- + Italy’s deputy prime minister blames billionaire heir for Vauxhall-owner crisis—Italy’s deputy prime minister has hit out at Vauxhall parent Stellantis, saying its problems are as much the fault of billionaire investors the Agnell...
- + Housebuilders suffer £500m slump over Budget and cladding fears—Nearly half a billion pounds has been wiped off the value of Britain’s biggest housebuilders amid fears over a combined hit from Budget tax rises and ...
- + French stock market plunges as Macron’s government faces collapse—Paris’s stock market fell at the start of trading as a budget standoff leaves France’s government at risk of collapse. ]]> [Category: topics:things...
- + House prices rise at fastest pace in two years—House prices rose at the fastest pace in two years, a closely watched index showed, ahead of a stamp duty increase coming into force next year. ]]>...
- + Trump trades send FTSE 100 to best month since summer—The FTSE 100 is on track for its best month since July as so-called Trump trades fuelled a surge in the index. ]]> [Category: topics:things/uk-econ...
- + More than 4m households face mortgage hit from higher rates - watch Bank of England live—Half of all mortgage borrowers are braced to move onto higher interest rates in the next three years, according to the Bank of England. ]]> [Catego...
- + French borrowing costs exceed Greece’s for first time—French borrowing costs have exceeded those of Greece for the first time, as Michel Barnier’s government teetered on the brink of collapse. ]]> [Cat...
- + Carmakers that don’t embrace EVs will go the way of Blockbuster, claims climate adviser—Car companies that are slow to switch to electric vehicles will go bust like Blockbuster Video, a government climate adviser has suggested. ]]> [Ca...
- + Russian rouble falls to 31-month low as fresh sanctions hammer currency—The Russian rouble has fallen to its lowest level since the start of the war in Ukraine as a fresh round of sanctions hammer the currency. ]]> [Cat...
- + Budget is good for jobs, claims Rachel Reeves—Rachel Reeves has claimed her tax-raiding Budget will be “good for jobs and good for growth”, despite warnings from employers they will be forced to s...
- + Recession risk as Britain reels from Reeves’s Budget—Economists have sounded the alarm over a UK recession after data showed Britain’s economy was reeling from the effects of Rachel Reeves’s tax-raising ...
- + Energy price cap rises as Starmer pulls winter fuel payments—Household energy bills will jump by £21 from January in a fresh blow for millions of pensioners who face the loss of winter fuel payments. ]]> [Cat...
- + Reeves rakes in record £67bn from ‘jobs tax’—Employers paid a record £67bn in National Insurance on their workers’ pay packets in the seven months before Rachel Reeves jacked up the so-called “jo...
- + Interest rates may need to fall faster, says Bank policymaker—The Bank of England will need to cut interest rates more quickly if the jobs market continues to cool, according to its deputy governor. ]]> [Categ...
- + Minister raises doubts over Labour housing target—A housing minister has warned that it will be “more difficult than expected” for the Government to meet its 1.5m homes manifesto pledge as supply rema...
- + Budget risks causing job cuts, says Bailey—The Governor of the Bank of England has warned Rachel Reeves’s tax-raising Budget has put jobs at risk. ]]> [Category: topics:things/uk-economy, to...
- + Trump ‘to deal £20bn blow to British economy’—Donald Trump’s plans to impose tariffs on goods entering the US will deal a £20bn blow to Britain’s economy, analysts have warned. ]]> [Category: t...
- + Pound slumps to lowest level in four months—The pound has dropped to its lowest level in over four months amid mounting concerns over the state of the UK economy. ]]> [Category: topics:things...
- + Trump’s trade war could hit Britain, warns Bank of England ratesetter—A Bank of England rate-setter has warned that Donald Trump’s trade war could hit growth and push up consumer prices in the UK. ]]> [Category:...
- + US debt ‘set to explode’ under Trump—America’s national debt is “set to explode” under Donald Trump, top bankers at the Institute of International Finance (IIF) have warned. ]]> [Categ...
- + FTSE 100 drops to three-month low amid global sell-off—London’s main stock index slid to its lowest closing price for three months this afternoon amid a global sell-off. ]]> [Category: topics:things/uk-...
- + Oil prices slump as Trump vows to ‘drill, baby, drill’—Oil prices have fallen by around 3pc today as markets bet on higher supply from the US and sluggish demand from China. ]]> [Category: topics:things...
- + More than £1bn wiped off shops and pubs as jobs tax raid looms—More than £1bn has been wiped off some of Britain’s biggest high street employers today amid concerns about the impact of tax rises in Rachel Reeves’s...
- + I won’t quit if Trump asks me to leave, says Fed chief—The chairman of the Federal Reserve has said he would refuse to resign if Donald Trump asked him to step down. ]]> [Category: topics:things/uk-econ...
- + Britain’s growth forecast slashed on Trump win—Goldman Sachs has slashed its forecast for British and European economic growth next year amid fears Donald Trump will slap taxes on imported goods fr...
- + November Tube strikes London: drivers call off walkouts— [Category: topics:in-the-news/tube-strike, topics:organisations/tube, topics:organisations/transport-for-london, topics:people/sadiq-khan, topics:pla...
- + Over £14bn wiped off AstraZeneca amid China fears—AstraZeneca suffered a £14bn share price hit on Tuesday after Chinese media reported more details about an investigation into the British drug giant. ...
- + Offshore wind farms blocked over national security fears—Sweden has blocked more than a dozen offshore wind farms in the Baltic Sea over fears they could make the country more vulnerable to attacks from Russ...
- + Bosses sound alarm on Reeves’s Budget as confidence evaporates—Rachel Reeves’s Budget will fail to support economic growth, business leaders have warned, as her record £42bn tax raid hammers the private sector. ]]...
- + Apple sales climb but Chinese business shrinks—Apple’s sales have grown at the fastest pace for two years amid growing demand for its new iPhones, although the tech giant continued to struggle in C...
- + Budget 2024: Borrowing costs surge after Reeves plots debt-fuelled spending spree—Britain’s borrowing costs jumped to their highest level in nearly a year after Rachel Reeves’ debt-fuelled spending spree spooked bond markets. ]]>...
- + Google drives Nasdaq to all-time high ahead of election—Google-owner Alphabet helped drive the Nasdaq to an all-time high on Tuesday despite investor uncertainty surrounding the looming US election. ]]> ...
- + Oil ‘to fall to lowest level since pandemic’—Oil could fall to its lowest price since the pandemic amid easing tensions in the Middle East, analysts have said. ]]> [Category: topics:things/uk-...
- + Lloyds suffers £3bn hit after car finance court ruling—A landmark court ruling about the historic “mis-selling” of motor finance loans has wiped billions off Lloyds Bank amid fears about the impact on the ...
- + Fiscal drag is damaging growth, says Bank rate-setter—Frozen personal tax thresholds are damaging economic growth, a Bank of England rate setter has warned. ]]> [Category: topics:things/uk-economy, top...
- + Tesla profits jump amid rebound in demand for electric cars—Elon Musk’s Tesla has revealed an unexpected rise in profits in a sign of rebounding demand for electric cars. ]]> [Category: topics:things/uk-econ...
- + Reeves’s Budget to keep interest rates higher for longer, say economists—Rachel Reeves’s plans for increased borrowing and spending will force the Bank of England to hold interest rates higher for longer, leading economists...
- + Interest rates will sink to 2.75pc, says Goldman Sachs—The Bank of England will cut interest rates much faster than markets predict over the next year, a Wall Street investment bank has said, as monetary p...
- + Pound hits two-year high against euro—The pound has hit a two year high against the euro as traders bet that the European Central Bank will race to slash interest rates as the bloc’s econo...
- + Netflix boosted by new shows as it shrugs off strikes—Netflix has added another 5m subscribers as viewers continued to flock to the streaming giant for hits such as Emily in Paris. ]]> [Category: topic...
- + London-listed Splenda maker surges on talk of £2.8bn takeover—Tate & Lyle threatens to become the latest big business to quit the London stock market after reports that a US private equity giant is preparing ...
- + Tech bubble fears spark $160bn Nvidia slump—Hundreds of billions of dollars have been wiped from the stocks of global chipmakers after a key supplier to the industry warned of a slow recovery in...
- + Reeves cuts funding for National Wealth Fund by £1bn—Rachel Reeves has cut the size of public funding for Britain’s new National Wealth Fund by £1.15bn. ]]> [Category: topics:things/uk-economy, topics...
- + Black British Business Awards 2024 winners revealed— [Category: topics:things/careers, topics:things/workplace, structure:business, structure:special-exclusion, storytype:standard] [Link to media]
- + British Airways cancels hundreds of flights because of Rolls-Royce engine issues—British Airways scrapped hundreds of long-haul flights as maintenance issues with its Rolls-Royce jet engines grounded aircraft. ]]> [Category: top...
- + US inflation exceeds expectations to hit 2.4pc—US inflation was higher than expected in September amid increases to food costs, but the annual increase in the consumer prices index (CPI) was the sm...
- + ‘Start small and focus on what you’re passionate about’: Making a difference beyond the day job— [Category: topics:things/workplace, topics:things/careers, structure:business, structure:special-exclusion, storytype:standard] [Link to media]
- + Thousands of cancer patients in line to share £1.7bn as GSK settles Zantac cases—Tens of thousands of Americans are in line to share $2.2bn (£1.7bn) after GSK agreed a settlement over claims its indigestion drug caused cancers. ]]&...
- + Oil and FTSE plunge on China fears—Oil prices and the FTSE 100 plunged today after China held off announcing fresh measures to boost its economy. ]]> [Category: topics:things/uk-econ...
- + ‘Our product went viral on social media – but nobody wanted to make it’— [Category: topics:things/entrepreneurship, structure:business, structure:business/companies, structure:special-exclusion, storytype:standard] [Link t...
- + Oil hits $80 a barrel as Middle East tensions rise—The price of oil has surged by more than 3pc today after mounting tensions in the Middle East pushed a barrel above $80 for the first time since Augus...
- + Barnier’s French borrowing target ‘unreachable’, warns Barclays—The French prime minister’s budget plans have been criticised as containing “unreachable goals” by economists at Barclays. ]]> [Category: topics:th...
- + Bank of England to cut rates at every meeting until May, economists predict—The Bank of England will cut interest rates at every one of its upcoming meetings until May next year, economists have predicted, after Andrew Bailey ...
- + Oil prices could tip over $80 ‘within days’ as Israel vows retaliation—Oil prices could rise above $80 a barrel within days, analysts have warned, amid reports that Israel will attack Iran within days and could strike oil...
- + Oil price spikes and stocks tumble as Iran launches missile strike—Oil prices jumped and stocks tumbled on Tuesday after Iran fired an estimated 180 missiles at Israel in retaliation for the ground invasion of souther...
- + Britain’s tax burden ‘to stay at 70-year high for decades’—Britain’s tax burden will likely stay at its 70-year high for decades, the director of a leading think tank has warned. ]]> [Category: topics:thing...
- + ‘Progress on diversity would be 10 black bosses in the FTSE 100’— [Category: topics:organisations/ftse-100, topics:places/city-of-london, topics:organisations/jp-morgan, topics:things/banks-and-finance, structure:bu...
- + Falling inflation clears path for more rate cuts—Wall Street rose this afternoon after better than expected inflation figures cleared the way for the US Federal Reserve to continue interest rate cuts...
- + Europe facing gas shortage this winter, warn experts—Europe is facing a massive shortfall of natural gas this winter because of disruption in maintenance schedules on Norway’s gas platforms and pipelines...
- + More than £3.5bn wiped off Ford and GM amid warnings over Chinese threat—More than £3.5bn was wiped off the value of car giants Ford and GM this afternoon after analysts warned that Western carmakers would struggle to keep ...
- + Pound hits two and a half-year high—The pound hit its highest against the dollar in two and a half years after official data showed consumer confidence in the US dropped sharply this mon...
- + Pound to tip over $1.40 within a year, says Goldman Sachs—The pound will rise in value against the dollar over the next year, Goldman Sachs has predicted, in a boost for British holidaymakers. ]]> [Categor...
- + Rates to plunge to 2.75pc next year, says HSBC—The Bank of England could cut interest rates to 2.75pc next year, analysts have suggested, amid growing confidence that the worst of Britain’s inflati...
- + VW ‘considers cutting 30,000 jobs’—VW is considering axing as many as 30,000 jobs as it scrambles to save billions of euros amid a slowdown in the car market, German media has reported....
- + Solar panel giant to axe a fifth of its workforce—One of Europe’s largest solar panel manufacturers has announced it will cut about 200 jobs as it battles to return to profitability amid stiff competi...
- + Cigarette maker sells British inhaler business after backlash—Marlboro cigarette maker Philip Morris has been forced to sell a British maker of asthma inhalers at a steep loss after a growing backlash from health...
- + iPhone fears wipe $94bn off Apple—Apple saw nearly $94bn (£71bn) wiped off its valuation after analysts warned demand for its new iPhone would be weaker than expected. ]]> [Category...
- + iPhone 16: Pro and Pro Max release date, prices and new features— [Category: topics:organisations/apple, topics:things/iphone, topics:organisations/apple-app-store, topics:things/mobile-phones, structure:business, s...
- + Traders bet on jumbo US interest rate cut—Traders have increased bets that the US Federal Reserve will cut interest rates by half a percentage point next week in a move that could stimulate gr...
- + British-born population to be in decline from 2035—Deaths will consistently outnumber births in Britain from the middle of the next decade, according to the Office for Budget Responsibility (OBR), in a...
- + Putin threatens to cut off West’s nuclear industry from Russian uranium—Russian president Vladimir Putin has said that Moscow should consider limiting exports of uranium in retaliation for Western sanctions. ]]> [Catego...
- + BMW suffers £3.7bn slump over major problems with brakes—BMW will recall about 1.5m vehicles over problems with their brakes, wiping €4.3bn (£3.7bn) off the value of the German carmaker. ]]> [Category: to...
- + Polaris Dawn launch: SpaceX sends astronauts furthest into space since Apollo missions—Elon Musk’s SpaceX has successfully launched a mission carrying a billionaire astronaut further from Earth than any human has travelled in half a cent...
- + Electric car battery maker to slash jobs and scale back operations—Europe’s leading battery maker is to slash jobs and scale back its commitments as the “challenging” market for electric vehicles bites manufacturers.&...
- + Buy British stocks, says Goldman Sachs—An American investment banking giant has told clients to invest in London-listed stocks after what it called “over a decade of persistent underperform...
- + PwC to track workers’ locations in crackdown on office attendance—PwC is to keep track of its employees’ locations as part of a crackdown on office attendance. ]]> [Category: topics:things/uk-economy, topics...
- + Volvo ditches electric car plans—Volvo has ditched plans to sell only electric cars by 2030 amid waning demand for battery powered vehicles. ]]> [Category: topics:things/uk-economy...
- + $279bn wiped off Nvidia stock in Wall Street sell-off—American stock markets fell on Tuesday after manufacturing in the world’s largest economy contracted for a fifth month in a row. ]]> [Category: top...
- + VW considers closing German factory for first time in 87-year history—Volkswagen is considering closing factories in Germany for the first time in its 87-year history as the carmaker battles to cut costs and survive the ...
- + Struggling US tech giant soars as it explores breakup—Intel’s shares jumped by as much as 10pc this afternoon, after a report that the struggling chipmaker is exploring options that could involve splittin...
- + Shell cuts oil jobs as end of fossil fuel looms—Shell is to scale back its oil and gas exploration and development workforce by 20pc as chief executive Wael Sawan widens his cost-saving drive. ]]>...
- + Tech bubble fears grow as Nvidia shares slump—Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn (£22.8bn) in a reaction that will fuel fear...
- + Housing stocks plunge after Starmer’s ‘painful’ budget warning—Housebuilder shares sank on Tuesday amid a slight nudge up for the wider FTSE 100, after Sir Keir Starmer’s warning that the Government’s forthcoming ...
- + ‘Time has come’ for rate cuts, hints Fed as Bailey hails faster fall in inflation—Jerome Powell has given his strongest hint yet that the US will start cutting interest rates next month amid hopes that inflation is finally under con...
- + Germany in ‘real mess’ as manufacturing crisis spills over—Germany’s economic woes have deepened after new figures showed a second straight month of contraction. ]]> [Category: topics:things/uk-economy, top...
- + Reeves paves way for tax rises after £3bn borrowing surge—Rachel Reeves is paving the way for tax rises in October’s Budget after large public sector pay rises fuelled a £3bn surge in government borrowing. ]]...
- + £1bn wiped off BT’s value after Sky strikes deal with rival—Roughly £1bn has been wiped off BT’s market value after Sky struck a broadband deal with one of the telecoms giant’s biggest rivals. ]]> [Category:...
- + Donald Trump’s social media company falls to lowest level since floatation—Shares in Donald Trump’s social media company hit their lowest level since it went public in March on the Nasdaq exchange. ]]> [Category: topics:th...
- + Gold prices hit record high—The price of gold has hit a new record high amid signs that the US Federal Reserve will cut interest rates from their 23-year highs at its next meetin...
- + Global stocks surge as US expected to avoid recession—Global stocks surged after US retail sales data indicated the world’s largest economy is not heading towards a recession. ]]> [Category: topics:thi...
- + Boost for Rachel Reeves as borrowing costs fall—Government borrowing costs have dropped to their lowest for eight months in a boost to Rachel Reeves. ]]> [Category: topics:things/uk-economy, topi...
- + AstraZeneca becomes Britain’s first £200bn company—AstraZeneca has become Britain’s first £200bn company following a 20pc rally in its share price since the start of the year. Shares in the pharmaceuti...
- + Rouble plunges after Ukraine takes Russian territory—The rouble weakened to its lowest level since late May after Kyiv launched its biggest incursion into Russian territory since the start of the war i...
- + FTSE 100 poised to be ‘winner’ in stocks turmoil, says JP Morgan—The FTSE 100 is on track to end the week more strongly than the US as Britain’s flagship stock index becomes a safe-haven amid the turmoil on global m...
- + Pound on track for worst losses in nearly a year amid US recession fears—The pound is on track for its longest losing stretch in nearly a year as jitters about a US recession returned to financial markets. ]]> [Category:...
- + Gas prices jump to 2024 high after Ukraine attack—Gas prices have jumped to their highest point this year following reports of Ukraine’s attack on Russia. ]]> [Category: topics:things/uk-economy, t...
- + Stock market turmoil ‘only half complete’, warns Wall Street giant—The global stock market rout has a long way to go, analysis by a Wall Street bank has indicated, as European markets once again turn negative. ]]> ...
- + Bets on emergency US rate cut ramp up as recession fears grow—Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recess...
- + Global stocks sell-off deepens after US jobs shock—Stock markets plunged around the world on Friday amid widespread fears about a possible US recession. ]]> [Category: topics:things/uk-economy, topi...
- + Sales of iPhone fall to three-year low as Apple’s popularity drops in China—Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. ]]&...
- + US Fed paves the way for pre-election rate cut—The chairman of the US Federal Reserve has paved the way for a pre-election rate cut in a sign that the era of high borrowing costs around the world i...
- + Microsoft plunges as Big Tech sell-off deepens—Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intellig...
- + Reeves tax raid means ‘game over’ for North Sea oil and gas—The North Sea is approaching “game over territory” after Rachel Reeves pushed ahead with an expanded tax raid on oil and gas companies. ]]> [Catego...
- + Foreign investor that loaded Thames Water with debt takes control of UK gas network—The former owner of Thames Water is to take full control of Britain’s gas network in a £700m deal. ]]> [Category: topics:things/uk-economy, topics:...
- + Summer interest rate cut on a knife edge as traders ramp up bets—Traders are ramping up bets on the Bank of England cutting interest rates this summer amid optimism that the US Federal Reserve is poised to begin red...
- + US stock market tumble as Tesla and Google results spark sell-off—US stocks suffered their worst sell-off in more than a year on Wednesday after disappointing results from Tesla and Google-owner Alphabet fuelled fear...
- + Tesla reports 45pc profits slump—Tesla has reported a second consecutive drop in quarterly profits as the world’s biggest electric car maker cut prices in an attempt to boost falling ...
- + Blow to Labour’s growth hopes as savers hoard cash—Household savings have hit their highest level in 14 years, excluding the pandemic, in a blow to Labour’s hopes of stimulating growth in the economy. ...
- + Borrowing overshoots forecasts by £2.9bn as Labour plots nationalisation spree—Borrowing has overshot forecasts by £2.9bn, as Labour is plotting a nationalisation spree. ]]> [Category: topics:things/uk-economy, topics:or...
- + House purchases delayed by ‘global payments issue’—House purchases have been delayed by a glitch with a global payment system that left banks unable to transfer large sums of money. ]]> [Category: t...
- + China trade war fears wipe £260bn off world’s biggest companies—More than $338bn (£260bn) has been wiped off the value of the world’s richest companies amid fears that Joe Biden will launch a trade war against Chin...
As of 12/21/24 10:43am. Last new 12/20/24 8:55pm. Score: 420
- Next feed in category: PR Newswire - Business