Economic news and events


UPDATE: Sunak and Truss to face off in race to be Tory leader and PM

Rishi Sunak and Liz Truss will battle it out over the coming weeks to be the UK's next prime minister.

The former chancellor and the...

Wed, 20/07/2022 - 16:50


UK's Sunak and Truss make Tory party leadership run-off

Conservative MPs in Britain on Wednesday chose former finance minister Rishi Sunak and Foreign Secretary Liz Truss to contest a run-off to be leader and...

Wed, 20/07/2022 - 16:27


UK government gives go-ahead for new nuclear power station

A multibillion-pound project to build a new nuclear power station has been given the go-ahead by the UK government on Wednesday.

Business Secretary Kwasi Kwarteng...

Wed, 20/07/2022 - 12:54


TOP NEWS SUMMARY: China holds interest rates but hikes seen elsewhere

The following is a summary of top news stories Wednesday.

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COMPANIES

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Netflix reported a rise in second-quarter earnings, hailing the success of smash...

Wed, 20/07/2022 - 10:43


LONDON BRIEFING: UK inflation sets new high as BoE eyes 50-point hike

The UK inflation rate raced to 9.4% in June, figures on Wednesday showed, beating market forecasts and hitting a series high.

The annual pace of...

Wed, 20/07/2022 - 08:25


TOP NEWS: UK annual inflation rate races to 40-year high in June - ONS

The UK inflation rate raced to 9.4% in June, figures on Wednesday showed, beating market forecasts and hitting a series high.

The annual pace of...

Wed, 20/07/2022 - 07:20


Half-point UK interest rate hike ‘among choices’ at next BoE meeting

A bigger UK interest rate rise will be on the table at the next meeting of the Bank of England's decision makers, Governor Andrew Bailey...

Wed, 20/07/2022 - 06:41


Liz Truss get surge in support as Kemi Badenoch is eliminated

Liz Truss received a surge in support as she battles it out against Penny Mordaunt to face Rishi Sunak in the Tory leadership election run-off...

Tue, 19/07/2022 - 15:16


TOP NEWS SUMMARY: Novartis sales suffer from generic competition

The following is a summary of top news stories Tuesday.

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COMPANIES

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Novartis reported a drop in second-quarter income and a fall in sales...

Tue, 19/07/2022 - 11:17


TOP NEWS: Sales at Aldi, Lidl surge amid UK grocery inflation squeeze

UK grocery price inflation neared double-digits in recent weeks while supermarket sales nudged up for the first time in over a year, according to figures...

Tue, 19/07/2022 - 08:47


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