US private equity investors have bought the site of what had been hoped would become Britain’s first electric car battery gigafactory in a blow to Britain’s net zero ambitions.]]>
The world is at risk of a “sluggish and disappointing decade”, the head of the International Monetary Fund has warned, while urging vigilance to restore price stability and jumpstart economic growth.]]>
Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate cut hopes.]]>
Turmoil at Thames Water has triggered a wider sell-off in bonds across the utility industry as investors turn their attention to debt burdens at rivals.]]>
McDonald’s is to buy back 225 of its restaurants in Israel after the fast food chain blamed a boycott in the wake of the Israel-Hamas war for a slump in sales.]]>
Jerome Powell has warned the Federal Reserve risks being forced to delay its first cut to interest rates because of stubborn inflation and strong economic growth, in a blow to mortgage borrowers around the world.]]>
Tesla’s sales have fallen for the first time in four years as deliveries of Elon Musk’s electric cars went into reverse on the back of worsening demand for electric vehicles (EVs).]]>
Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for masterminding a fraud that cost investors, lenders and customers $11bn (£8.7bn). ]]>
The US Treasury Secretary has accused China of creating unfair competition that “distorts global prices” as it ramps up production of technologies aimed at shifting the world towards net zero.]]>
The FTSE 100 closed in on a record high on Friday amid growing hopes interest rate cuts are on the horizon as official data suggested Britain is out of recession.]]>
Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the burden on households and businesses.]]>
Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child.]]>
Interest rates could stay high for longer after unexpected US inflation figures were released this afternoon, stoking fear of stagflation - high inflation accompanied with unemployment and stagnant demand.]]>
Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child.]]>
Interest rates could stay high for longer after unexpected US inflation figures were released this afternoon, stoking fear of stagflation - high inflation accompanied with unemployment and stagnant demand.]]>
China has lashed out at the United States after congressmen told TikTok it may be shut down if it fails to break away from its Chinese parent company. ]]>
Bitcoin reached an all-time high this afternoon, breaching $70,000, as investors become more confident of interest rate cuts by the US Federal Reserve.]]>
China has lashed out at the United States after congressmen told TikTok it may be shut down if it fails to break away from its Chinese parent company. ]]>
Bitcoin reached an all-time high this afternoon, breaching $70,000, as investors become more confident of interest rate cuts by the US Federal Reserve.]]>
More than $78bn (£61bn) has been wiped off the value of Apple after it was fined €1.8bn (£1.6bn) by the European Union for breaking the bloc’s competition laws by favouring its own music streaming service over rivals.]]>
US consumer prices increased at their slowest rate in nearly three years, according to the Federal Reserve’s preferred measure of inflation, keeping a June interest rate cut for America on the table.]]>
Bitcoin has topped $60,000 for the first time in more than two years amid a flurry of excitement after the approval of wider trading methods in the US.]]>
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