Truss rejects CBI appeal to join Johnson and Sunak to tackle cost of living crisis
Liz Truss, frontrunner in the Conservative leadership contest, has rejected business pleas for her to meet prime minister Boris Johnson...
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Sunak promises fresh support for households in cost of living crisis
Boris Johnson has rejected calls to draw up an emergency response to the cost of living crisis during his final...
UK’s government investment fund largely backed ‘zombie businesses’
The UK government’s Covid-19 venture capital fund has been mostly invested in what one director overseeing the portfolio called “zombie...
Alarm mounts in western capitals over Turkey’s deepening ties with Russia
Western capitals are increasingly alarmed about the deepening economic co-operation between Turkey’s president Recep Tayyip Erdoğan and Vladimir Putin, warning...
Truss rejects ‘handouts’ in favour of tax cuts to help households
Liz Truss, the Tory leadership frontrunner, has rejected “handouts” as the best way to help households through the worst income...
Liz Truss claims UK recession can be averted
Liz Truss, the Tory leadership frontrunner, claimed on Thursday that she can avert a recession if she becomes prime minister,...
SoftBank raises $22bn in moves to sell down Alibaba stake
SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over...
Bain barred from UK state contracts over ‘grave misconduct’ in S Africa
Bain & Co, the Boston-based global management consultant, was on Tuesday hit with a three-year ban from tendering for British...
Truss vows to take on Whitehall ‘establishment’ in leadership bid
Conservative leadership contender Liz Truss on Monday opened a new front in her fight with the Whitehall “establishment”, vowing to...
West eases efforts to restrict Russian oil trading as inflation and energy risks mount
European governments have eased back on efforts to curb trade in Russian oil, delaying a plan to shut Moscow out...
Emerging markets hit by record streak of withdrawals by foreign investors
Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on...
UK plc is cutting ties to China, says CBI boss
Thousands of British companies are cutting economic ties with China en masse, threatening to heap more pressure on the cost...
US economy shrinks for second consecutive quarter
The US economy shrank for a second consecutive quarter, meeting one of the common criteria for a technical recession and...
Fed raises rates by 0.75 points for second month in a row
The Federal Reserve raised its benchmark policy rate by 0.75 percentage points for the second month in a row on...
Credit Suisse set to name Ulrich Körner as chief executive
Credit Suisse is set to appoint Ulrich Körner as its new chief executive, taking over from Thomas Gottstein, whose departure will...
UK chemicals sector hit by £2bn Brexit red tape bill
The chemicals sector faces a £2bn hit of post-Brexit red tape, twice the cost of initial industry estimates, as Britain...
Battle between Tory leadership contenders turns to UK immigration
The battle between Rishi Sunak and Liz Truss to become Britain’s next prime minister switched to immigration over the weekend,...
Russian missiles hit Odesa after Moscow agrees grain export deal with Kyiv
Ukraine accused Russia of firing missiles at its key grain exporting port of Odesa on Saturday, a day after Moscow...
Herbert Diess ousted as Volkswagen boss
Volkswagen’s chief executive Herbert Diess, the architect of the German carmaker’s multibillion-euro push into electric vehicles, will leave the company...
Tata threatens to close Port Talbot steelworks without £1.5bn of aid
The owner of the UK’s largest steelworks, Tata Group, has threatened to shut down operations if the government does not...
Draghi on brink after coalition partners withdraw backing
Italian prime minister Mario Draghi’s government was unravelling on Wednesday evening as members of his national unity coalition walked out...
