UK price cap on household energy bills expected to cost £89bn – The Guardian
Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing...
Category : News En
Pound at two-week high after spending plan reports – BBC News
The pound has risen to its highest level for two weeks on hopes Kwasi Kwarteng will bring forward details of how he will cut debt....
Over 50% of CEOs say they’re considering cutting jobs over the next 6 months — and remote workers may be the first go to – MarketWatch
Alarm sirens from the C-Suite about a looming recession are gaining volume in America and elsewhere, but calls back to the office for full-time work...
Elon Musk proposes buying Twitter for originally agreed $44bn – The Financial Times
Elon Musk has offered to buy Twitter for the initially agreed price of $44bn, in a move that could put an end to one of...
Layoffs, Quits, Job Openings, Hires: Slight Softening of Contorted Labor Market, Still Massive Churn & Job Hopping – Wolf Street
These are data points about the labor market that Fed Chair Powell cites every time during the post-rate-hike press conferences in support of the rate...
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases – WSJ
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a...
America’s economy is too strong for its own good – The Economist
Two days after the latest interest-rate rise, the seven governors of the Federal Reserve met with some businessfolk. Any misgivings about the effects of tighter...
Kwarteng to Bring Forward UK Fiscal Plan to Calm Markets – Bloomberg
Chancellor of the Exchequer Kwasi Kwarteng is due to bring forward the announcement of his medium-term fiscal plan as he seeks to reassure financial markets...
European tech must learn to embrace failure – The Financial Times
A decade or so ago, much was written about the stigma attached to failure in European culture. The theory was that this curiously regional fear...
How Norway’s central bank is trying out its own digital currency – Euronews
A cashless society may not seem so far away in the distant future. But the current digital alternatives such as cryptocurrencies have proved volatile, while...