Europe’s inflation eases to 6.9% as energy falls but food up
Inflation in the 20 countries that use the euro currency have slowed to the lowest level in a year.
Business
Virgin Orbit cuts 85% of workforce after failing to secure fresh funding
Decision raises fears that company founded by Sir Richard Branson may be on verge of collapseVirgin Orbit, the satellite launch company founded by the billionaire Sir Richard Branson, is cutting 85% of its workforce after failing to secure fresh fundin…
UK house prices fall at fastest annual rate since 2009
Average property drops 3.1% to £257,122 over year to March, says NationwideBusiness live updates: UK house prices in biggest fall since 2009UK house prices have fallen at their fastest annual rate since the aftermath of the financial crisis in 2009, wi…
Rishi Sunak sidesteps question about whether having private swimming pool means he’s out of touch – UK politics live
PM also refused to say what he would do if inquiry into Dominic Raab found justice secretary bullied officialsThe UK government has announced a £57m funding package to support Northern Ireland charities and community organisations facing a financial cr…
Finland’s NATO membership: What’s next?
Finland has received the green light to join NATO after Turkey ratified the Nordic country’s membership.
UK firms report surge in orders amid signs of economic recovery
After UK narrowly misses recession IoD reports rise in business demand, confidence, hiring and investment in March Britain’s businesses are reporting a spring surge in order books, boosting hopes that the economy may finally be recovering after flirtin…
Virgin Orbit Fails To Secure Funding, Will Cease Operations
Virgin Orbit is ceasing operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart told employees during an all-hands meeting Thursday afternoon. The company will lay off nearly all of its workforce. CNBC reports: …
World Bank says recoveries in Asian economies losing steam
The World Bank says developing economies in Asia have mostly regained ground lost during the pandemic but are seeing their recoveries stall as productivity lags.
AMP shareholders vote against executive pay packets over concerns bonuses too high
Shareholders at Sydney AGM say remuneration excessive for a financial institution that has dramatically shrunk in recent yearsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news po…
Rising bills and tax hikes to make UK families hundreds of pounds worse off
Study commissioned by Guardian details scale of hit to household finances from AprilA wave of rising bills and tax hikes coming into effect in April will leave a family on a £50,000 annual income almost £700 a year worse off, according to a study of th…