Defiant pound sees biggest monthly rise since 2020 – but still trails most peers
The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers...
International
UK house prices post biggest slide since mid-2020
British house prices tumbled 1.4 per cent in November compared with October, the biggest monthly drop since June 2020 and the clearest sign yet that...
Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits
Swedish fashion giant H&M on Wednesday became the first big European retailer to start laying off staff in response to the cost of living crisis...
Honda to develop advanced level 3 self-driving technology by 2029
Honda (7267.T) said it would develop technology enabling its level 3 self-driving capability to function at any speed below legal limits on highways by the...
Aramco discovers two new Saudi gas fields
Saudi Arabia’s energy minister said Saudi Aramco had discovered two new natural gas fields, Awtad and AlDahna, in the country’s eastern region, state news agency...
ECB says Bitcoin is artificially propped up, shouldn’t be legitimised
Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling, the European...
Euro sags against sterling after eurozone inflation cools
The euro retreated against the pound on Wednesday after data showed eurozone inflation cooled off by more than expected in November, reinforcing the case for...
Egypt’s economic growth at 4.4 per cent in Q1 of FY 2022/23 – cabinet
Egypt posted economic growth at 4.4 per cent in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday. The unemployment rate rose...
UK’s Superdry in talks with Bantry Bay to refinance $85 mln facility
British fashion group Superdry (SDRY.L) said it is in negotiations to refinance borrowings of up to 70 million pounds ($85 million) with Bantry Bay Capital...
The yuan’s the new dollar as Russia rides to the redback
Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading centre for yuan Yuan’s share of Russian FX market jumps from 1...
