UK jobs hit record high as Bank of England weighs up rate hike
British employers increased their payrolls to a record high in September, shortly before the end of the government’s wage subsidies scheme, potentially encouraging the Bank...
International
IMF revises upwards its forecasts for growth of the Cypriot economy
The International Monetary Fund revised upwards the growth rate of the Cypriot economy, compared to its forecasts for last April. According to the World Economic...
Why is the Bank of England talking about raising rates?
Under pressure to act as inflation jumps towards double its 2 per cent target, the Bank of England appears to be gearing up to be...
ASOS chief exec steps down as fast fashion retailer warns on profit
ASOS (ASOS.L), the British online fashion retailer, warned on Monday that logistics costs and supply chain disruptions could reduce 2022 profit by more than 40...
Crude jumps on global energy crunch; US oil at 7-year high
Oil prices rose 2 per cent on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a...
Saudi Aramco taps banks for $12-14 bln gas pipeline loan
Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to...
Business travel to suffer from ‘carbon budget’ plans
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a...
TSMC and Sony considering joint chip factory
Taiwan’s TSMC (2330.TW) and Japan’s Sony Group Corp (6758.T) are considering jointly building a chip factory in Japan, with the government ready to pay for...
UK business minister defends wages stance, says BoE can handle inflation
The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said on Sunday, expressing confidence in the Bank of England’s...
One month on, El Salvador’s bitcoin use grows but headaches persist
A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with...
