Bank of England warns of corporate default risk
The Bank of England has warned that rising interest rates pose a greater risk of default for British companies,…
Yearly Archives
2023
UK economic activity declines as interest rates rises hit demand
According to a recent survey, the UK's economic activity dropped unexpectedly for a first time since January as…
Apollo sues over $570mn in tax payments to top executives
According to a shareholder suit filed on Wednesday, Apollo Global Management agreed to pay $570mn in order to cover…
Kemi Badenoch wants cash to fund UK’s ‘advanced Manufacturing…
Kemi Badenoch, UK Business Secretary Kemi Badenoch, is asking the Treasury to provide the financial firepower…
Russia offers to exchange frozen assets with western countries
Russia offers to exchange some of the frozen assets that the west has seized in response to President Vladimir…
Huawei is believed to have built secret microchip factories in order to avoid US…
A trade group has claimed that Huawei is building a secret network of microchip plants which could allow the…
Britain has become a backwater in terms of technology
The red tape could keep the country out of the forefront of the AI revolution
Rishi Sunak, a British…
This insurer has been paying out eye-catching dividends for the last decade
Admiral's results for the first half of last week may not appear promising, but it may be on its way to…
North Sea producer: Windfall tax forced us to cancel energy projects
The Government's Windfall Tax has caused a North Sea developer to warn that it will be forced to cancel project…
Cost of living crisis stifles post-Covid recovery
Economists warn that a global recession is imminent as the rising interest rates and cost of living crisis are…
Waitrose is betting on a meal deal to bring back its magic
In an effort to stem the sales decline, this upmarket retailer turned to a British staple for lunch.
What does…
Inflation is declining faster than expected
Inflation may be easing more quickly than first thought, the Office for National Statistics has found, providing a…
Bank of England warns of company debt burden
High interest rates are putting indebted businesses under the most pressure since 2009, the Bank of England has…
China’s rate caution sheds light on the $56tn bank system
China's leaders' pledge to tackle the "new challenges and difficulties" that plague the second largest economy in…
Pharma companies under scrutiny for using blue blood from horseshoe crabs
Environmentalists, as well as a major European investor, are putting pressure on pharmaceuticals companies to find…
BHP profits drop 37% as miner raises China concerns
BHP has reported its lowest profit in three year as the largest miner on the market warned that its future…
Brics Bank aims to reduce the dollar’s reliance
According to the president of the bank, the development bank created by the Brics countries plans to start lending…
China’s billionaire cathode battery manufacturer targets US market through…
A Chinese billionaire, who controls an important part of the battery supply chains, is in discussions to list a…