Chief economist of the BoE warns that food inflation is unlikely to drop soon
The days of cheap foods may be gone, said the Bank of England chief economist on Monday. He warned that prices at…
UK charity bank raises new debt after huge paper losses on bonds
After reported steep paper losses on the value of its bonds, a UK bank that serves 14,000 charities announced a…
The US has taken Britain’s quirky chip champion.
Ahead of a landmark public listing, one of the UK's biggest success stories is facing an identity crisis…
Mohammed bin Salman relies heavily on oil to plug Saudi Arabia’s ballooning debt
Saudi Arabia's oil company, the state-owned Saudi Arabian Oil Company (SAOC), will help to plug the Gulf…
Prices of wheat and oil soar after the attack on a Russian ship by Ukraine
Wheat and oil prices surged after Ukraine launched an attack on a Russian naval ship, prompting warnings about…
France is Europe’s largest energy exporter, as British demand increases
The country's nuclear power company finally fixes the cracks in its aging fleet of reactors
France is…
Zach Kirkhorn, Tesla’s CFO and veteran company employee, has quit.
Zach Kirkhorn, Elon Musk’s closest lieutenant at Tesla, resigned unexpectedly from his position as Chief Financial…
Stress test for many of the world’s biggest hedge funds
After being invited to participate in the stress tests, which are the first ever to include the shadow banking…
Fat-finger mistakes that cost the city dear
Last week, Nasa mission specialists admitted that they had made a serious mistake when it was revealed that the…
Why Wilko failed — and how a rescue might cost £70m
Wilko buyers will have to put up to £70m into the struggling discount chain in order to save it this weekend.…
Lloyds is facing a High Court case over ‘overcharging of’ £624m in car…
In a landmark case at the High Court, Lloyds Banking Group was accused of illegally "overcharging" car finance…
South Korean politician urges US abandon China chip strategy
A prominent South Korean legislator strongly criticised Washington’s interventions in global semiconductor…
Ukraine allies boosted by ‘constructive signals’ from China at Jeddah…
China has indicated that it is willing and able to participate in further international discussions on the…
Gas mogul who redrawn energy map clings on to Aspen ranch when loans are due
He was hailed for his bold vision that reshaped the global energy market and made him one of the highest-paid…
UK business urges Rishi Sunak not to increase visa fees for skilled workers
Business groups are calling on Rishi Sunak to reconsider a planned rise in visa fees for migrants. They argue that…
City of London asks BoE to delay the bank capital rule until mid-2025
Finance industry pressure is mounting on the Bank of England to delay by six months the UK's implementation of…
European companies hit by Russian operations for €100bn
Europe's biggest companies have suffered at least €100bn in direct losses from their operations in Russia since…
US scientists confirm fusion power breakthrough
Scientists from the US government have for the second consecutive time achieved a net energy gain during a fusion…