Economic news and events

PRESS: BoE chief economist says rate hikes needed to achieve ‘balance’

Bank of England Chief Economist Huw Pill conceded raising interest rates in the fight against inflation will slow economic growth, but maintained it is required...

Wed, 10/08/2022 - 21:44

UK chancellor to ask energy bosses to help customers cope with bills

The UK Chancellor Nadhim Zahawi has claimed he will challenge energy bosses to do more to help their customers cope with soaring prices at a...

Wed, 10/08/2022 - 17:26

TOP NEWS SUMMARY: Inflation slows in Germany, Italy before US reading

The following is a summary of top news stories Wednesday.

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COMPANIES

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Commonwealth Bank of Australia reported an annual profit hike, and said it...

Wed, 10/08/2022 - 11:19

TOP NEWS: South African business confidence improves further in July

South African business confidence improved in July, indicating the business climate is slowly returning to normality, the South African Chamber of Commerce & Industry said...

Wed, 10/08/2022 - 10:36

LONDON BRIEFING: Earnings focus ahead of US inflation report

Insurers took centre stage in London early Wednesday, with both Prudential and Aviva reporting results, while markets awaited a key consumer price index reading in...

Wed, 10/08/2022 - 08:39

UK consumer confidence up in July to end seven-month slump - YouGov

Consumer confidence rose in July, possibly due to the UK government's cost-of-living payments, according to a YouGov survey.

The two-point rise in the overall index...

Wed, 10/08/2022 - 05:55

Truss says UK cost-of-living talks before end leadership bid ‘bizarre’

UK PM hopeful Liz Truss has branded proposals to agree support for rising energy bills with the government and Rishi Sunak before the Tory leadership...

Wed, 10/08/2022 - 05:51

UK PM says successor will have ‘fiscal firepower’ to help people

Boris Johnson has declared he is ‘absolutely confident’ that his successor as UK prime minister ‘will have the fiscal firepower and the headroom to continue...

Tue, 09/08/2022 - 21:33

PRESS: UK preparing for winter blackouts in worst-case scenario

- The UK is bracing for the possibility of organised blackouts this winter under worst-case plans, Bloomberg reported on Tuesday.

Under a ‘reasonable worst-case...

Tue, 09/08/2022 - 19:07

Sunak suggests UK cost-of-living support, Truss focused on tax cuts

Rishi Sunak has suggested he could offer hundreds of pounds in extra support to those shouldering the rising cost-of-living burden after analysts delivered a shock...

Tue, 09/08/2022 - 18:30

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