Swedish central bank again raises key rate to hit inflation
Sweden’s central bank has raised a key interest rate and 0_5 percentage points to 3% to combat inflation, saying it “is far too high and has continued to rise.”.
Business
Japan’s Nissan reports better profit as chip crunch eases
Some buyers were waiting for a year for their Z sports car or Ariya sport utility vehicle due to a lack of chips, the firm said
Toyota reports 8% drop in profit as chip shortage continues to affect industry
The company said it is doing its best to find other chips suppliers to keep up with demand
Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q
Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year.
Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened
BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflationUK property demand declines as house prices in England fallSunak should expand free childcare to tackle workforce shortages, says CB…
Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis
Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandalsCredit Suisse has scrapped its annual bonus for top executives after the scandal-hit Swiss bank reported its worst full-year loss since the 2008 banking crisis.The lend…
Disney to cut 7,000 jobs as returned CEO Iger vows ‘transformation’
The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.
Asian shares mixed after Wall St falls on rate hike worries
Shares are mixed in Asia after Wall Street gave back some of its recent gains on persisting uncertainty over interest rates and inflation.
UK property demand declines as house prices in England fall
Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body RicsProperty sales and house prices continued to decline across the UK in January, while new buyer demand and fresh listings were also down, surveyors have …
Sunak should expand free childcare to tackle workforce shortages, says CBI
Business group says as much as £9bn of investment is needed to improve systemRishi Sunak should funnel billions of pounds into free childcare to help get more parents into work to tackle acute workforce shortages, according to Britain’s leading busines…