Will Liz Truss’s economic plans make us richer?
The theory is that by allowing businesses and workers to retain more cash, they should spend and invest more which,...
Business
World Bank: Global rate hikes could trigger 2023 recession
Signs of economic difficulties are already emerging. On Thursday, delivery giant FedEx warned investors that a sharp and unexpected slowdown...
Germany takes control of stakes in Rosneft oil refineries
Rosneft Deutschland, which accounts for about 12% of German oil processing capacity, will fall under the trusteeship of the Federal...
US mortgage rates hit 14-year high as inflation soars
"Rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding 6% for the first time since late 2008," said...
First US rail strike in 30 years averted with tentative deal – Biden
"We're really excited about the progress," Ford chief executive Jim Farley told the BBC after the deal was announced. "Any...
Patagonia: Billionaire boss gives fashion firm away to fight climate change
The firm's marketing campaigns - focused around asking people to buy only what they need - have not dampened sales...
John Lewis and DFS warn shoppers are spending less
The company said the impact of the rise in the cost of living, specifically around energy costs, was "evident in...
Kwasi Kwarteng considers scrapping bankers’ bonus cap to boost City
The proposal "sends a rather confused signal when people are being squeezed in terms of the cost of living, and...
California says Amazon’s dominance drives up online prices
"Amazon knows its price parity agreements prevent rivals from stealing market share away with lower prices reflective of their lower...
Queen Elizabeth II: First night trains for mourners set to depart
On Wednesday, a meeting went ahead with Mick Whelan of train drivers' union Aslef. It does not mean the government's...
UK inflation: Milk, cheese and eggs push food price rises to 14-year high
"The fact that the falling headline rate is due to changes in the price of petrol and diesel, which is...
Foxconn and Vedanta to build $19bn India chip factory
"Gujarat has been recognized for its industrial development, green energy, and smart cities. The improving infrastructure and the government's active...
US inflation remains high despite lower petrol prices
While economists remain concerned as prices outside of energy continue to rise, the annual number typically matters most in terms...
Queen Elizabeth II: Night trains planned for mourners headed to London
It also warned that services to, and stations in, London would be "extremely busy" as a result and has urged...
Warning that post-lockdown jobs boom is ending
"The decline in joblessness disguised what was only a modest 40,000 rise in employment, the smallest since January to March,...
Financial giant Goldman Sachs set for hundreds of layoffs
It reported a 48% slump in its second quarter profit as its clients face inflation, rising interest rates, the Coronavirus...
Rich to get twice as much cost-of-living support, says think tank
"Finding a way of targeting to the many, many millions who really need it, without giving it to the many,...
Discounts for cutting peak-time electricity use too low, energy firms say
Last week, the government announced it would limit energy bill rises for all households for two years, but typical yearly...
