Martin Sorrell’s S4 Capital plunges after warnings of declining revenues
S4 Capital, Sir Martin Sorrell's advertising group, lost a quarter of its market value on Monday after the latest…
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Bank of England to increase interest rates by 5.5%
The financial markets and economists expect the Bank of England will raise interest rates another quarter point…
Saudi Arabia’s Energy Minister says that oil cuts are not about…
Saudi Arabia's Energy Minister has defended his country's decision to extend the oil production cut, insisting that…
Germany is the leading EU critic of Ukraine’s trade restrictions
Germany led the condemnation of Poland's, Hungary's and Slovakia’s unilateral restrictions on grain imports to…
BIS warns that hedge fund bets may cause turmoil in US Treasury bonds
The umbrella group of central banks warned that a buildup of leveraged betting could "dislocate", or disrupt,…
Avanti to renew West Coast Rail
The intercity train operator Avanti will soon win a contract to operate services along the West Coast Line despite…
Wilko employees face pension reductions as the deficit grows
Wilko pensioners will see their savings cut after the defined benefit plan of the retailer collapsed and fell into…
Mark Carney says Truss made Britain “like Argentina” as City supports…
Investors are backing Labour to undermine Rishi Sunak’s efforts to restore the Conservative Party’s reputation…
RWE’s chief says the UK must take note of the lackluster bids in the…
The UK's failure to attract offshore wind developers in its latest renewable energy auction must be a "wake-up…
Chinese shadow banks exposed to distressed property developers
According to legal and company filings, the Chinese shadow bank that is at the center of concern over missed…
Ukraine intensifies efforts to break Russia’s Black Sea Blockade
Two commercial ships docked in a Ukrainian port, as Kyiv intensifies its efforts to break the unilateral blockade…
US and Chinese officials meet in Malta before possible Biden-Xi Summit
Jake Sullivan, White House National Security Advisor, met with Chinese Foreign Minister Wang Yi as part of the…
The Fed is expected to surprise investors by raising interest rates again
According to the majority of academic economists, the US Federal Reserve will surprise investors and raise interest…
As interest rates rise, companies are less inclined to buy back shares.
As interest rates rise, companies are less inclined to buy their own stock. This is the lowest level of share…
Keir starmer promises to seek major revisions of Brexit deal
Sir Keir starmer said he would seek to rewrite Britain's Brexit agreement in 2025, if Labour wins the next general…
TikTok receives largest-ever penalty for violating child privacy regulations
Ireland has imposed a penalty of €345 million on TikTok due to its inadequate measures regarding the privacy of…
Google provises a defense against antitrust allegations
In court this week, Google defended itself against accusations of creating a monopoly in the search engine industry…
Octopus Energy claims that the era of ugly heat pumps has ended.
The company claims that the new 'Cosy" range of radiators and pipes does not require any new ones.…