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Policymakers face balancing act between driving inflation down and risk of deepening economic slumpThe Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the fi…
Small recovery at end of 2022 likely to be short-lived, with Netflix’s new ads package failing to reignite growthBritish households cut more than 2m subscriptions to services such as Netflix, Prime Video and Disney+ last year, as the cost of living cri…
The government says the reform is necessary to keep the pension system solvent as France’s life expectancy has grown and birth rates have declined.
The Associated Press reports that America’s Federal Reserve Board “has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build ac…
Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is…
New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than £1bn of …
AWS, Google and Microsoft are among creditors owed money after the FTX crypto exchange filed for bankruptcy in November. From a report: Since the once-hyped company went south, founder and former CEO Sam Bankman-Fried was arrested in the Bahamas in Dec…
British Gas, E.ON and Scottish Power demand scrutiny of process by which rival acquired collapsed BulbOctopus has labelled its rivals “desperate” while British Gas has claimed the energy supplier benefited from “hugely advantageous” terms in landing a …
High street banks have now announced 87 closures so far this year – see full list of NatWest closures belowNatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already announced this month.The si…
For the world’s least developed countries, the U.N. said growth is projected at 4.4% this year, about the same as last year but significantly below the UN’s target of 7% by 2030.