BoE chief economist warns on UK’s strong ‘inflationary momentum’
Huw Pill, the Bank of England’s chief economist, said on Friday that it was “crucial” to ensure that the UK...
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European shares slide after US equities suffer steepest drop since 2020
Shares in Chinese technology companies led declines across the Asia-Pacific region in the wake of Wall Street’s worst day since...
UK inflation hits 40-year high of 9%
UK inflation hit 9 per cent in April, its highest level in over 40 years, after soaring gas and electricity...
UK unemployment falls to lowest level in nearly 50 years
UK unemployment fell to its lowest level in nearly half a century in the first quarter of 2022, with almost...
China’s economic activity plummets as Covid lockdowns hit growth
China’s economic activity contracted sharply in April as a wave of lockdowns across the country posed the most significant challenge...
Saudi Aramco earnings surge 82 per cent in first quarter
Saudi Aramco has reported $39.5bn in earnings in the first quarter of 2022, up 82 per cent year on year...
Global stocks record longest weekly losing streak since 2008 crisis
Global stocks rose on Friday but were on track for their longest streak of weekly losses since the 2008 financial...
Norwegian oil fund denounces ‘corporate greed’ over executive pay
The world’s largest sovereign wealth fund has attacked “corporate greed” and excessive pay for “mediocre performance” and vowed to take...
UK economy shrinks for first time this year
The UK economy unexpectedly contracted in March for the first time this year, driven in particular by services and manufacturing,...
Musk says he would reverse Trump’s Twitter ban, calling it ‘morally wrong’
Elon Musk has said he would reverse Donald Trump’s ban from Twitter, accusing the social media company of leftwing bias...
Asia markets slide after Wall Street’s steepest sell-off since 2020
A global equity sell-off hit Asian markets on Tuesday after the steepest one-day fall on Wall Street since 2020 as...
EU should seize Russian reserves to rebuild Ukraine, top diplomat says
EU capitals should consider seizing frozen Russian foreign exchange reserves to help pay for the cost of rebuilding Ukraine after...
Sinn Féin wins historic victory in Northern Ireland
A jubilant Sinn Féin was poised to clinch a historic victory in Northern Ireland’s elections and become the region’s biggest...
The southern discomfort of Johnson’s Conservatives
It could have been worse. That will no doubt be the conclusion of Conservative strategists, and many of the party’s...
Johnson hit as Tories suffer early poll losses in local elections
Boris Johnson will face renewed pressure on his leadership on Friday after the Conservatives suffered significant defeats in local elections...
Fed implements first half-point interest rate rise since 2000
The Federal Reserve raised its benchmark policy rate by half a percentage point for the first time since 2000 and...
China’s independent refiners start buying Russian oil at steep discounts
China’s independent refiners have been discreetly buying Russian oil at steep discounts as western countries suspend their own purchases and...
UK to provide £300mn of further military aid to Ukraine
The UK is to commit another £300mn of military aid to Ukraine, Downing Street announced on Monday, as Boris Johnson,...
EU steps up action on Russian oil sanctions
The German government has said it backs a phased-in ban on Russian oil imports into the EU, as officials in...
China meets banks to discuss protecting assets from US sanctions
Chinese regulators have held an emergency meeting with domestic and foreign banks to discuss how they could protect the country’s...
Nasdaq index marks worst monthly drop since 2008 financial crisis
European shares and the euro followed Asian markets higher on Friday, after Chinese authorities pledged to safeguard the world’s second-largest...
