Economic news and events


National insurance hike to be cancelled - UK Chancellor Kwarteng

The UK national insurance hike introduced by Boris Johnson's government will be reversed from November 6, Chancellor Kwasi Kwarteng has announced.

Ahead of his mini-budget...

Thu, 22/09/2022 - 15:38


TOP NEWS: BoE hikes by 50 basis points; warns on inflation, recession

The Bank of England enacted another 50 basis point rate hike on Thursday, as it warned that inflation will be above 10% ‘over the following...

Thu, 22/09/2022 - 12:26


TOP NEWS SUMMARY: Japan intervenes to support yen as rate gap widens

The following is a summary of top news stories Thursday.

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COMPANIES

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A US jury ordered Meta Platforms to pay $174.5 million for violating...

Thu, 22/09/2022 - 10:50


Fracking ban lifted as energy security made ‘absolute priority’ by UK

England's fracking ban has been lifted as UK Prime Minister Liz Truss's government vowed to explore all avenues to improve energy security, setting Downing Street...

Thu, 22/09/2022 - 10:11


UK manufacturers cut growth forecasts for next year - survey

Manufacturers in the UK have slashed their growth forecasts for next year amid ‘gathering storm clouds’ for industry.

Make UK said a survey of firms...

Thu, 22/09/2022 - 07:29


UPDATE: Firms welcome ‘short-term fix’ as UK slashes energy bills

Thousands of companies might avoid collapse this winter after the UK government announced a new package of energy bill support, but business groups warned it...

Wed, 21/09/2022 - 15:38


TOP NEWS SUMMARY: Power firm Uniper to be nationalised by Germany

The following is a summary of top news stories Wednesday.

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COMPANIES

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Electricity and gas supplier Uniper confirmed its nationalisation by the German federal...

Wed, 21/09/2022 - 11:08


TOP NEWS: UK public sector borrowing down in August but tops pre-Covid

UK public sector borrowing fell year-on-year in August but remained above pre-pandemic levels, figures from the Office of National Statistics showed on Wednesday.

Public...

Wed, 21/09/2022 - 11:03


Truss 'willing to be unpopular PM' with measures targeting economic growth

UK Prime Minister Liz Truss has said she is willing to be unpopular to bring in measures she believes will grow the economy, as she...

Wed, 21/09/2022 - 06:39


UPDATE: UK PM vows billions in Ukraine aid, admits US trade talks off

Britain's new Prime Minister Liz Truss on Tuesday vowed billions more in financial and military aid to Ukraine as she kicked off her debut foreign...

Tue, 20/09/2022 - 21:16


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