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Business

Business

US interest rates set by Federal Reserve rise to their highest since 2007 but the pace of the increase slows

US interest rates are now at their highest since the global financial crisis as the US central bank has again imposed an increase as...

by admin December 14, 2022
US interest rates set by Federal Reserve rise to their highest since 2007 but the pace of the increase slows
Business

Inflation eases to 10.7% but the cost of a night out surges ahead of Christmas

The rate of inflation eased to 10.7% from 11.1% last month, according to official figures showing that food and the cost of a night...

by admin December 14, 2022
Inflation eases to 10.7% but the cost of a night out surges ahead of Christmas
Business

Sam Bankman-Fried: Arrested crypto boss hugs parents as he is denied bail over ‘one of biggest financial frauds in US history’

Former cryptocurrency exchange boss Sam Bankman-Fried hugged his parents after being denied bail on charges relating to “one of the biggest financial frauds in...

by admin December 14, 2022
Sam Bankman-Fried: Arrested crypto boss hugs parents as he is denied bail over 'one of biggest financial frauds in US history'
Business

Adtech group Tremor feels shock of shareholder pay revolt

A London-listed advertising technology provider has caved into shareholder pressure and abandoned plans to recalibrate a multimillion-pound executive pay scheme. Sky News has learnt...

by admin December 14, 2022
Adtech group Tremor feels shock of shareholder pay revolt
Business

Pound rises to six-month high against dollar as US inflation slows

The pound can buy more dollars than at any point in the last six months after the US rate of inflation slowed to its...

by admin December 14, 2022
Pound rises to six-month high against dollar as US inflation slows
Business

Higher risk of households defaulting on loans as Bank warns of worsening financial conditions

“Significant pressure” will be placed on the ability of households to meet their debts, the Bank of England has said in its latest health...

by admin December 13, 2022
Higher risk of households defaulting on loans as Bank warns of worsening financial conditions
Business

Sam Bankman-Fried: Former FTX boss charged with defrauding investors

The former boss of one of the world’s biggest cryptocurrency exchanges has been charged with defrauding investors out of $1.8bn (£1.5bn). Sam Bankman-Fried, the...

by admin December 13, 2022
Sam Bankman-Fried: Former FTX boss charged with defrauding investors
Business

Second largest fall in real wage growth since records began while unemployment rate ticks up

The UK recorded its second largest fall in real wage growth since records began in 2001 during October and the unemployment rate rose, according...

by admin December 13, 2022
Second largest fall in real wage growth since records began while unemployment rate ticks up
Business

Sam Bankman-Fried: Founder of bankrupt crypto firm FTX arrested in Bahamas

Police in the Bahamas have arrested Sam Bankman-Fried, the founder of bankrupt crypto firm FTX. The country’s attorney general said the Bahamas received formal...

by admin December 13, 2022
Sam Bankman-Fried: Founder of bankrupt crypto firm FTX arrested in Bahamas
Business

Rail strikes to go ahead this week as RMT members reject offer

Rail strikes will go ahead this week after union members voted to reject an offer from Network Rail. Members of the RMT union will...

by admin December 12, 2022
Rail strikes to go ahead this week as RMT members reject offer
Business

Economy returns to growth in October – but recession still expected

The economy returned to growth in October, according to early official figures which experts suggest could be the last to show expansion for some...

by admin December 12, 2022
Economy returns to growth in October - but recession still expected
Business

Metro Bank fined £10m for publishing ‘incorrect information to investors’

Metro Bank has been fined just over £10m by the City watchdog for breaching rules by “publishing incorrect information to investors”. The Financial Conduct...

by admin December 12, 2022
Metro Bank fined £10m for publishing 'incorrect information to investors'
Business

Troops training to drive ambulances as ministers hold emergency strike meetings

Troops are being trained to drive ambulances ahead of strikes as the government holds emergency COBRA meetings to limit disruption while 10 different industries...

by admin December 12, 2022
Troops training to drive ambulances as ministers hold emergency strike meetings
Business

Tesco to kick off search for successor to long-serving chairman Allan

Britain’s biggest retailer is preparing to kick off a search for a new chairman, firing the starting gun on a race to fill one...

by admin December 10, 2022
Tesco to kick off search for successor to long-serving chairman Allan
Business

Strep A antibiotics skyrocket as prices ‘hiked up to take advantage’ of demand

The cost of antibiotics needed to treat Strep A has skyrocketed – as industry professionals claim prices have been hiked up to take advantage...

by admin December 10, 2022
Strep A antibiotics skyrocket as prices 'hiked up to take advantage' of demand
Business

Edinburgh Reforms likely marginal in impact, neither majorly boosting competitiveness or watering-down rules

Depending on your point of view, Jeremy Hunt’s proposed reform of financial regulations represents a potentially significant boost to the competitiveness of the UK’s...

by admin December 9, 2022
Edinburgh Reforms likely marginal in impact, neither majorly boosting competitiveness or watering-down rules
Business

‘They’ve got us by the b****’ – striking Royal Mail worker fears reprisals after Christmas

A striking Royal Mail worker has voiced fears up to 25,000 staff could be sacked and new working conditions imposed on those left after...

by admin December 9, 2022
'They've got us by the b****' - striking Royal Mail worker fears reprisals after Christmas
Business

Microsoft vows fight as regulators bid to stop £50bn ‘Call of Duty’ takeover

US regulators have filed a complaint aimed at stopping Microsoft’s planned $69bn (£50bn) takeover of Call of Duty games maker Activision Blizzard. Microsoft, which...

by admin December 8, 2022
Microsoft vows fight as regulators bid to stop £50bn 'Call of Duty' takeover
Business

Wirecard: Germany’s biggest fraud trial to start underground

Germany’s biggest fraud case gets underway as the former executives of payments company Wirecard stand trial after a scandal that rocked the German establishment....

by admin December 8, 2022
Wirecard: Germany's biggest fraud trial to start underground
Business

The small pipeline playing an oversized role in the energy crisis

The chances are you haven’t heard of the BBL pipeline. It’s a 235km steel tube which runs under the North Sea between Balgzand in...

by admin December 8, 2022
The small pipeline playing an oversized role in the energy crisis
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