Economic news and events

TOP NEWS SUMMARY: OECD and World Bank cut global growth forecasts

The following is a summary of top news stories Wednesday.




Credit Suisse guided for a loss in its second quarter, as the...

Wed, 08/06/2022 - 11:11

TOP NEWS: UK construction sector growth wanes and confidence falls

The UK construction sector saw its slowest expansion since January in May, figures on Wednesday showed, amid a weaker month for the housing sector as...

Wed, 08/06/2022 - 10:28

LONDON BRIEFING: Aveva warns of rising costs, slowing revenue growth

Aveva on Wednesday said it delivered a ‘solid’ set of results for financial 2022 as the industrial software provider recovered following disruption caused by the...

Wed, 08/06/2022 - 08:11

TOP NEWS: UK house prices hit new record as inflation casts shadow

UK house prices surged to fresh record highs in May, but growth was showing signs of slowing amid inflationary pressures, according to mortgage lender Halifax...

Wed, 08/06/2022 - 08:03

UK Chancellor Sunak reaffirms pledge to cut business taxes in autumn

UK Chancellor Rishi Sunak has reaffirmed his commitment to cut taxes for business later in the year as the government seeks to get back on...

Wed, 08/06/2022 - 06:10

UK Prime Minister Johnson to face MPs following Tory revolt

UK Prime Minister Boris Johnson is to face Parliament on Wednesday for the first time since the damaging revolt by Tory MPs in Monday's confidence...

Wed, 08/06/2022 - 06:04

South Africa slams Ryanair's Afrikaans test as ‘backward’

South Africa on Tuesday said it was surprised at Irish budget airline Ryanair Holdings PLC's ‘backward profiling’ of passengers, who were given a pre-travel test...

Tue, 07/06/2022 - 21:09

TOP NEWS SUMMARY: UK PM feels the heat; Twitter bidder gets cold feet

The following is a summary of top news stories Tuesday.




Elon Musk threatened to withdraw his bid to buy Twitter, accusing the...

Tue, 07/06/2022 - 10:49

TOP NEWS: High inflation continues to plague UK service sector

The UK services sector saw its weakest performance for over a year in May as rising inflation dented customer demand, according to S&P Global on...

Tue, 07/06/2022 - 10:12

LONDON BRIEFING: Preferred bidder decides against embracing Ted Baker

Ted Baker on Tuesday said it was informed by its preferred bidder late Monday that it does not intend to proceed with an offer for...

Tue, 07/06/2022 - 08:14