Millennial Money: 6 ways to move out of your parents’ house
Nearly a quarter of millennials (22%) are living with their parents, and more than half of those living with them (55%) made the move in 2022, according to a December survey.
Business
GM 4Q earnings rise 16% as sales rebound at end of last year
Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors’ fourth-quarter net income up 16% over the same period a year ago.
Leaked EU plan reveals response to US and Chinese green subsidies
Draft plan to loosen state aid rules follows Joe Biden’s Inflation Reduction Act and Chinese subsidiesThe EU executive will loosen state aid rules and propose a new “European sovereignty fund” later this year, in response to the controversial US Inflat…
UK demand for mortgages slumps as interest rates deter buyers
Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising inte…
Euro zone unexpectedly avoids recession with Ireland the fastest growing economy
The Irish economy grew by a better-than-expected 12.2% last year despite a severe cost-of-living squeeze
Azerbaijan to UN court: Armenia must stop sowing land mines
Azerbaijan is appealing to the United Nations’ highest court to urgently order Armenia to stop the laying of land mines and booby traps on Azerbaijani territory and disclose the location of such explosives that already have been placed.
UK supermarket price inflation hits record high, adding £788 to annual bills
Milk, eggs and dog food were grocery items with fastest price rises, figures from Kantar show Britain’s retailers have said shop price inflation has yet to peak this year, with the cost of basic essentials expected to remain high, after figures showed …
UK drops down global corruption index after string of scandals
Transparency International warns of UK’s ‘woeful inadequacies’ as Qatar, Russia and Brazil slide down listThe UK has fallen sharply down the global corruption league table after a report warned of “woeful inadequacies” in upholding political integrity….
UK held back by staff shortages, Brexit and mortgage costs, says top economist
Paul Johnson responds to IMF warning that UK will be weakest major G7 economy this yearBritain the only G7 economy forecast to shrink in 2023A shortage of workers, expensive mortgages and the continuing effects of Brexit are all weighing on the economy…
Europe scrapes out economic growth by dodging gas disaster
Europe’s economy has scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants.