DFS’ profits are being affected by the Red Sea disruption and slow demand for large-ticket purchases. The sofa retailer warned that it would have lower profits than expected due to
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The London Court has dismissed Argentina’s appeal against a ruling which would have required it to pay $1.5bn to four hedge funds that bought its GDP-linked security. This is a
Goldman Sachs warned that tax increases are “inevitable”, as the legacy of quantitative ease from the Bank of England will be felt after the elections. The American Investment Bank has
According to a report by the Trades Union Congress, the UK has the highest rate of unemployment among the 38 richest countries in the world. The union group released a
According to a new study, hairdressers and takeaway restaurant have replaced clothing shops and banks in England and Wales. Public First, a policy research agency, argues in a report that
The UK’s private sector economy grew faster than expected in the last month, and inflation slowed to its lowest level in three years. This gives rise to hopes of interest
The German unemployment rate has increased by more than anticipated, putting an end to any hopes of a recovery from the downturn. The Federal Labor Agency reported that there were
Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax revenues pushed government borrowing over £20bn in July. The Office for
Looming election and higher-than-predicted price rises push expectations back to November Investors are pushing back the expectation of a rate cut in this summer, even though Rishi Sunak has hailed
AstraZeneca is the largest drug manufacturer in Britain. It has set a bold goal to achieve $80bn ($63bn) by 2030 through treatments for cancer and rare diseases. Pascal Soriot, the
A report says that the sectors of global economy most exposed to artificial (AI) have seen a marked increase in productivity and are commanding a significant wage premium. A PwC
Last week, on a busy afternoon, the Galeries Lafayette department store in Paris was filled with shoppers from around the globe who came to buy designer clothing, shoes, and handbags.
The potential takeover of Royal Mail by Czech billionaire Daniel Kretinsky has sparked discussions around national security concerns. Chancellor Jeremy Hunt has stated that if shareholders accept the £3.5 billion
According to the Bank of England chief economist, high levels of immigration fuel Britain’s housing crises. He blamed skyrocketing rental prices on a lack of properties. Huw Pill claimed that
A 40mph wind blows in Port Talbot on a sunny day, causing white horses to froth in the bay. Offshore wind turbines in the North Sea would be spinning furiously.
Some commentators spent decades predicting that the US dollar would soon lose its special status as world’s reserve currency. They will eventually be proved right and this day could be
