Business News
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The Bank of England keeps its interest rate at 5.25 percent.
The result suggests mortgage rates have peaked, but the Bank cautions it may intervene further if inflation rises. After inflation ...
Toshiba may conclude 74-year stock market run
Toshiba, one of Japan’s oldest and largest companies, will terminate its 74-year stock market history as a result of a ...
Food costs slow inflation unexpectedly.
The cost of living is now at its lowest level in over a year and a half as a result ...
Inflation falls to 6.7% despite rising oil prices.
The ONS says that multiple factors lowered the unemployment rate last month, despite forecasters’ projections of a rise above 7%. ...
Evergrande wealth unit employees detained by China authorities
Police in Shenzhen, southern China, have detained members of the wealth management unit of the embattled developer Evergrande. In a ...
Twitter lost thousands of users for almost an hour.
Monday, X, formerly known as Twitter, was unavailable for more than an hour. Issues arose around 9:30 a.m. ET on ...
BAE allows Saudi Arabia to join Tempest fighter jet development
The CEO of BAE Systems has opened the door for Saudi Arabia to participate in the United Kingdom’s premier fighter ...
Elliott, Waterstones backer, interested in Body Shop
Elliott Advisors is one of the parties that have made indicative offers for the British cosmetics chain in recent weeks. ...
Heineken acquires Ellie Goulding’s can cocktail stake
Heineken has acquired a minority stake in the cocktail-in-a-can brand owned by Ellie Goulding. Served, which was founded in 2020 ...
Biden says car workers deserve ‘fair share’ during UAW strike.
US President Joe Biden has sided with striking employees in a pay dispute with three of the nation’s largest automakers. ...
Ashley will sell Missguided to Shein.
After Frasers Group saved Missguided from bankruptcy 18 months ago, Shein, worth $66 billion (£53 billion), is in talks to ...
UAW strike causes US auto employees to quit.
Three of the largest automakers in the United States have gone on strike in an unprecedented coordinated action. More than ...