UK firms cut wage growth expectations
British businesses have trimmed their expectations for wage growth over the coming year, a Bank of England survey conducted in June showed on Thursday.
Firms expected wage growth of 3.6 per ...
UAE non-oil sector grows in June despite weaker demand
The UAE’s non-oil private sector grew steadily in June even as regional tensions weighed on demand, and firms ramped up output to tackle backlogs, a survey showed on Thursday.
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Tesla sales tumble in Germany despite EV market growth
Tesla’s (TSLA.O) sales volume in Germany fell by 60 per cent in June, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose ...
Microsoft to cut about 4 per cent of jobs amid hefty AI bets
Microsoft (MSFT.O) will lay off nearly 4 per cent of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in ...
UK food prices push up shop price inflation for first time in nearly a year
British food prices accelerated by the most since March 2024 in June, pushing up overall shop prices rose for the first time in nearly a year, according to a survey from ...
Bank of Israel expected to hold rates, August cut seen as likely
The Bank of Israel is expected to leave short-term interest rates unchanged next week but analysts believe a cut is possible as early as August following a swift war with ...
UK interest rates could fall to 2.25 per cent by late 2025, says BoE official
Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain’s economy is now at risk and that economic data had recently argued for five ...
Air cargo demand climbs despite manufacturing contraction
Global air cargo demand rose by 2.2 per cent in May 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA).
Capacity, measured ...
From protecting patients to predicting disasters: AI supercharges nuclear tech
EU-funded researchers are using AI to transform nuclear technology, making medical scans safer, streamlining nuclear plant maintenance and allowing earlier prediction of earthquakes.
By Tom Cassauwers
Whenever you have a ...
One in four Greeks hide savings accounts from their partner, survey finds
A significant number of Greeks are keeping financial secrets from their partners, according to a new survey conducted by fintech app Plum.
The survey explored how Greek couples manage their ...
Wall Street at a crossroads as record highs face growing risks
The US stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025.
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Tesla’s Model Y refresh fails to spark expected sales rebound
Tesla (TSLA.O) is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk’s political views and competitive pressures continue to drag ...
UK economic uncertainty ‘definitely’ hurting growth, says Bailey
Bank of England Governor Andrew Bailey on Tuesday highlighted Britain’s softening labour market and said rising uncertainty in the global economy had “definitely” hurt economic growth and investment intentions.
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EU pushes for tariff relief in key sectors
The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the United States due by a July 9 deadline, but the bloc expects ...
Oil prices steady as market eyes OPEC+ output hike in August
Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output hike in August in an upcoming meeting.
Brent crude rose 10 ...
UK business confidence levels hit highest since 2015
Confidence levels among British employers hit a fresh nine-year high this month as companies became more optimistic about the outlook for the economy, according to a survey published on Monday.
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Oil steady as Middle East risks ease, OPEC+ weighs output hike
Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market.
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British economy rebounds but faces challenges in second quarter
Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped ...
A ‘third way’ in currency dominance
By Maria Demertzis
Surging geopolitical risk and growing global conflicts, along with a concomitant search for economic security, are combining to challenge what has long been a pillar of the ...
Tesla launches robotaxi test but experts warn of long road to scale
Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part.
The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of ...
Tariffs spark packaging shift as costs soar for US canned food firms
Andy Russick, who sells canned fruit and tomatoes to top US grocers like Kroger (KR.N), hospitals and schools, shares the stated aim behind US President Donald Trump’s trade ...
Meta signs new clean energy deals for AI data centre power
Renewable energy developer Invenergy and social media giant Meta Platforms (META.O) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, ...
Central banks shift reserves from dollar to gold, euro and yuan
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering ...
Over 40 per cent of agentic AI projects will be scrapped by 2027, Gartner says
More than 40 per cent of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner.
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