Is the UK in a Recession? How Central Banks Decide and Why It’s So Hard to Call It.
thewire.in/world/uk-recession-central-bank-economy
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| Last Updated | Sep 29 22 |
| Total Articles | 1 |
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The Anglosphere has an advantage on immigration: English-speaking countries generally do better at both attracting and integrating talent
ft.com/content/c6bb7307-484c-4076-a0f3-fc2aeb0b6112
Activist investor Elliott builds $1 bln stake in Anglo American: Activist fund Elliott has built up a $1 billion stake in Anglo American , a filing showed on ...
reuters.com/markets/deals/activist-investor-elliott-builds-1-bln-anglo-american-stake-bloomberg-news-2024-04-26/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
UBS Says Investors Fear Labour Could Hit UK Banks’ BOE Deposits: Investors are starting to worry that a future Labour government could seek to raise money for ...
bloomberg.com/news/articles/2024-04-26/ubs-says-investors-fear-labour-could-hit-uk-banks-boe-deposits
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BNP Paribas Is Said to Plan 50 Job Cuts Across Its UK Unit: BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive ...
bloomberg.com/news/articles/2024-04-26/bnp-paribas-is-said-to-plan-50-job-cuts-across-its-uk-unit
UK consumers feeling more confident about finances, says NatWest boss: For first time since August 2021 people expect position to be better in a year ...
theguardian.com/business/2024/apr/26/uk-consumers-feeling-more-confident-about-finances-says-natwest-boss
Is Britain suffering from a ‘sick note culture’?: Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed ...
ft.com/content/9319409c-4805-4e7b-8bc1-96148721ee3e
Quick Glance: Spanish PM Contemplates Resignation Amid Wife's Corruption Probe
- Spanish Prime Minister Pedro Sánchez is considering stepping down after allegations of corruption involving his wife.
- Sánchez will announce a decision on his political future next week and has temporarily canceled public duties.
- The investigation against Sánchez's wife was initiated due to allegations of receiving favors from companies that secured government contracts.
BOE Official Warns Climate Change Shocks May Need Rates Response - Bloomberg: A Bank of England official warned that climate change may trigger large price ...
bloomberg.com/news/articles/2024-04-25/boe-official-warns-climate-change-shocks-may-need-rates-response
Global Basel Committee bolsters rules for supervising banks: The world's forum for banking regulators on Thursday tightened up its rulebook to focus better on ...
reuters.com/business/finance/global-basel-committee-bolsters-rules-supervising-banks-2024-04-25/
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reuters.com/business/autos-transportation/teslas-plan-affordable-cars-takes-page-detroit-rivals-2024-04-26/
NatWest profits fall 27% as interest rate benefits wear off: Shares up nearly a third this year as bank has moved on from scandal over closure of Nigel Farage’s ...
ft.com/content/b5d364b4-5bf1-4adf-bc1a-fd840845d41b
Councillor feared being killed in row over birds’ nests: Owner of Leeds East airport attacked parish council chairman in quiet village
thetimes.co.uk/article/councillor-feared-being-killed-in-row-over-birds-nests-3r3jbgvqg
Paid articlePaid ‘The working class can’t afford it’: the shocking truth about the money bands make on tour
theguardian.com/music/2024/apr/25/shocking-truth-money-bands-make-on-tour-taylor-swift
‘I’ll be happy on the UK state pension in Italy, a glass of wine is just £2.50’: Linda Winter sold her £250,000 property in Plymouth and bought a 15th-century ...
inews.co.uk/news/world/happy-uk-state-pension-italy-3015869
Britain’s Reform UK party does not exist : But it is all the more powerful as a result
economist.com/britain/2024/04/24/britains-reform-uk-party-does-not-exist
Paid articlePaid ‘Unsustainable’: UK predicted to see 50% spike in strokes by 2035: Stark new projections suggest annual admissions will rise to 151,000, costing the NHS and ...
theguardian.com/society/2024/apr/26/unsustainable-uk-predicted-to-see-50-spike-in-strokes-by-2035
New post-Brexit checks on EU imports could add more than £8 a month to the average food shop
itv.com/news/2024-04-26/new-checks-on-eu-imports-could-add-more-than-8-to-average-monthly-food-shop
Russia sanctions-busting? Big questions remain over UK car exports: In a week when Lord Cameron accused Russia of using other nations to evade Ukraine war ...
news.sky.com/story/russia-sanctions-busting-big-questions-remain-over-uk-car-exports-13122141
UK consumer sentiment returns to two-year high, GfK survey shows: British consumer sentiment returned to a two-year high this month as households took a more ...
reuters.com/world/uk/uk-consumer-morale-falls-unexpectedly-february-gfk-survey-shows-2024-02-23/
TUI issues 'three hour' warning to anyone flying from major UK airport: Travellers have been told how early they should arrive for flights to Europe ...
metro.co.uk/2024/04/25/tui-issues-three-hour-warning-anyone-flying-major-uk-airport-20715568/
BoE reports record usage of short-term liquidity repo: The Bank of England allotted a record amount of one-week funds in a short-term repo operation on Thursday ...
reuters.com/world/uk/boe-reports-record-usage-short-term-liquidity-repo-2024-04-25/
UK finance ministry names Liz Oakes to Bank of England FPC: Britain's finance ministry has named financial services executive Liz Oakes to the Bank of England's ...
reuters.com/world/uk/uk-finance-ministry-names-liz-oakes-bank-england-fpc-2024-04-25/
Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
theguardian.com/environment/2024/apr/25/nature-destruction-will-cause-bigger-economic-slump-in-uk-than-2008-crisis-experts-warn
A fresh FTSE high is not yet reason for UK enthusiasm : Recent turnaround still owes most to a steep and persistent valuation discount
ft.com/content/acfc1222-d8f7-499a-9303-c38ba964c0ef
Return to Office: UK Employers Offer Fewer Part Time and Remote Jobs: Less Flexible Working in UK as Employers Offer Fewer Part Time and Remote Jobs
bloomberg.com/graphics/2024-04-reed-jobs-report-flexible-working-vacancies-decline/
Michael O’Leary says he’d ‘happily’ offer UK deportation flights to Rwanda: The Ryanair boss said he would ‘quote for the business’ from the UK government if it ...
businesspost.ie/article/michael-oleary-says-hed-happily-offer-uk-deportation-flights-to-rwanda/
Paid articlePaid UK car output falls in March as EV-transition gears up, says industry body: Britain's car production fell 27.1% year-on-year in March as manufacturers wound down ...
reuters.com/business/autos-transportation/uk-car-output-falls-march-ev-transition-gears-up-says-industry-body-2024-04-24/
Microsoft's and Amazon's AI partnerships draw UK watchdog scrutiny: Britain's competition watchdog said on Wednesday it was seeking comments on the AI ...
reuters.com/technology/uk-competition-watchdog-seeks-views-ai-partnerships-2024-04-24/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
If Britain is so bothered by China, why do these .gov.uk sites use Chinese ad brokers?
theregister.com/2024/04/24/ads_on_gov_uk_websites/
Hope Hostel in Rwanda says it's ready for first migrants from UK: Rwanda is gearing up to welcome deported asylum seekers now the landmark UK bill has passed.
bbc.com/news/world-africa-68836255
Quick Glance: British Law on Deportation of Asylum Seekers to Rwanda
- The new British deportation law aims to curb illegal migration and secure the reelection of Prime Minister Rishi Sunak.
- However, experts doubt the effectiveness of the law in stopping illegal migration to the UK.
- Rishi Sunak is under significant pressure due to political challenges in the election year, including inflation and healthcare issues.
- The Rwanda law intends to deport migrants without valid papers to Rwanda, although the efficacy of the law is being questioned.
Lloyds profits fall as interest rate benefits wane: Competition in savings and mortgage markets and rate cut expectations weigh on margins
ft.com/content/4086d32f-142c-411e-8f48-139957fcdde6
UK House Prices Under Threat As Traders Pare Back Rate Cut Bets: The UK housing market recovery is threatened by investors scaling back bets on how far the Bank ...
bloomberg.com/news/articles/2024-04-24/uk-house-prices-under-threat-as-traders-pare-back-rate-cut-bets
Second animal runs into cab: bloodied horse gallops through London: Shocking scenes are unfolding in the London borough of Aldwych. Two runaway horses gallop ...
n-tv.de/mediathek/videos/panorama/Blutueberstroemtes-Pferd-galoppiert-durch-London-article24897536.html
UK regulator examines Microsoft and Amazon’s AI dealmaking: Request for comments into Big Tech’s alliances with artificial intelligence start-ups follows CMA ...
ft.com/content/0597a834-c101-4d01-893d-87c2eca122c9
UK court case launched over Brazil Iron mine project in Bahia: Brazil Iron calls itself a sustainable mining company. Local residents call its project a disaster ...
bbc.com/news/world-latin-america-68772590
FT readers respond: UK ‘pothole crisis’: Commenters discuss the state of Britain’s roads and share their experiences ahead of local elections — join the debate
ft.com/content/a7ba5ecc-b68e-444d-9981-30d6b5d0b6b3
UK Recovery From Recession Gains Momentum as PMI Beats Forecast: The UK economy’s recovery from recession unexpectedly gathered pace at the start of the second ...
bloomberg.com/news/articles/2024-04-23/uk-recovery-from-recession-gains-momentum-as-pmi-beats-forecast
BOE Chief Economist Huw Pill Says He’s Cautious on Interest Rate Cuts: Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in ...
bloomberg.com/news/articles/2024-04-23/boe-chief-economist-says-uk-is-getting-closer-to-rate-cuts
Designer brands owed millions after Matchesfashion collapse: Some customers of the online fashion site, which owed more than £210m when it collapsed in March ...
theguardian.com/business/2024/apr/24/designer-brands-owed-millions-after-matchesfashion-collapse
UK pay settlements edge lower in first quarter, industry survey shows: British employers reached slightly lower pay settlements with staff in the three months to ...
reuters.com/world/uk/uk-pay-settlements-edge-lower-first-quarter-industry-survey-shows-2024-04-23/
Saudi Arabia's giga-projects to offer 'testing ground' for British technology: Saudi startups and fintech firms are looking to tap into the United Kingdom's $1 ...
al-monitor.com/originals/2024/04/saudi-arabias-giga-projects-offer-testing-ground-british-technology
Pfizer vs Moderna battle over COVID vaccine patents begins in UK: Pfizer and BioNTech asked a London court to revoke rival Moderna's patents over technology key ...
reuters.com/business/healthcare-pharmaceuticals/pfizer-vs-moderna-battle-over-covid-vaccine-patents-begins-uk-2024-04-23/
Rachel Reeves: Labour will be more pro-business than Tony Blair: The shadow chancellor spoke about the party’s ‘mission’ to make the UK the fastest-growing ...
thetimes.co.uk/article/rachel-reeves-labour-business-tony-blair-9chlj9q0g
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What it’s like inside The Black Dog, the London pub made famous by Taylor Swift: Taylor Swift’s new song “The Black Dog” is rumored to be about a London-based ...
cnn.com/travel/black-dog-vauxhall-london-pub-taylor-swift/
FTSE 100 hits record high as shares rise amid hopes of interest rate cuts: UK’s blue-chip index rises to 8,076, surpassing previous high of 8 ...
theguardian.com/business/2024/apr/23/ftse-100-hits-record-high-shares-interest-rate-cuts
Timing of first BoE rate cut splits economists between June and Q3: The Bank of England will wait until next quarter to lower borrowing costs ...
reuters.com/markets/rates-bonds/timing-first-boe-rate-cut-splits-economists-between-june-q3-2024-04-24/
UK businesses expand at fastest pace in 11 months, PMI survey shows: British businesses recorded their fastest growth in activity in nearly a year this month ...
reuters.com/world/uk/uk-businesses-expand-fastest-pace-11-months-pmi-survey-shows-2024-04-23/
The Met has made mistakes – stopping Gideon Falter crossing the road is not one of them
inews.co.uk/opinion/met-mistakes-gideon-falter-crossing-road-not-one-3018434
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2023-12-15/what-s-moving-uk-markets-right-now-markets-today
Britain's anti-greenwashing rule for finance takes effect on May 31: Britain's financial regulator confirmed on Tuesday that its new bespoke rule to combat ...
reuters.com/sustainability/sustainable-finance-reporting/britains-anti-greenwashing-rule-finance-start-may-31-2024-04-23/
A new photo of Prince Louis has been released to mark his 6th birthday: Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark ...
omaha.com/life-entertainment/nation-world/prince-louis-birthday-photo-kate-middleton/article_73eb1de1-fac3-5695-b4d3-ca3461b2d4fa.html
BOE Warns of Risks With Private Asset Values Shrouded in Secrecy: The Bank of England is concerned about the ways that private equity giants value their holdings ...
bloomberg.com/news/articles/2024-04-22/boe-warns-of-risks-with-private-asset-values-shrouded-in-secrecy
UK budget deficit for 2023/24 overshoots official forecast: Britain's government borrowed more than expected in March, capping the 2023/24 financial year with a ...
reuters.com/world/uk/uk-public-borrowing-119-billion-pounds-march-2024-04-23/
Migrants drown in Channel, Sunak says nothing will stop Rwanda policy: Five people, including a child, died in an attempt to cross the English Channel from ...
reuters.com/world/europe/least-five-migrants-died-during-attempt-cross-english-channel-la-voix-du-nord-2024-04-23/
Deportation deal between Rwanda and the UK explained simply: In future, the UK will deport asylum seekers who have entered the country illegally to Rwanda ...
stern.de/politik/ausland/abschiebe-deal-zwischen-ruanda-und-grossbritannien-einfach-erklaert-34652532.html
BoE tells lenders to get data on private equity or risk 'large loss': The Bank of England said on Tuesday that very few banks had a clear idea of their ...
reuters.com/world/uk/boe-tells-lenders-get-data-private-equity-or-risk-large-loss-2024-04-23/
Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal: Ithaca Energy has agreed to buy nearly all of Eni's UK-based oil and gas producing assets ...
reuters.com/business/energy/ithaca-energy-buy-enis-uk-assets-about-940-mln-2024-04-23/
Bankers lose hope of London IPO revival for another year: Banks have mostly given up hope this year will bring a long-awaited recovery in UK IPOs ...
reuters.com/markets/europe/bankers-lose-hope-london-ipo-revival-another-year-2024-04-23/
Can long-term mortgages help solve the UK’s housing crisis?: Home loans with interest rates fixed for a decade or more could get more buyers on to the ladder — ...
ft.com/content/2fbedea8-27d6-4c8d-a1ae-6fe867a21371
UK to increase defence spending to 2.5% of GDP - meaning tens of billions of pounds of extra funding
news.sky.com/story/uk-to-increase-defence-spending-to-2-5-of-gdp-meaning-tens-of-billions-of-pounds-of-extra-funding-13121450
FTSE hits new record as Associated British Foods posts strong results: London's FTSE 100 hit an all-time high on Tuesday as traders digested latest economic ...
euronews.com/business/2024/04/23/ftse-100-hits-new-record-as-associated-british-foods-reports-strong-results
UK Economists Say Markets Betting Wrong on Interest Rate Cuts: The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will ...
bloomberg.com/news/articles/2024-04-22/uk-economists-say-markets-betting-wrong-on-interest-rate-cuts
UK sends more weapons to Ukraine as Rishi Sunak fears ‘difficult summer’: Prime minister to meet his Polish counterpart Donald Tusk after announcing £500 million ...
thetimes.co.uk/article/uk-sends-more-weapons-to-ukraine-as-rishi-sunak-fears-difficult-summer-spr8mt8r7
Paid articlePaid Egypt to Get UK Budget Support to Top Off $57 Billion Global Aid: Egypt expects to get $400 million in budget support from the UK over two years ...
bloomberg.com/news/articles/2024-04-22/egypt-to-get-uk-budget-support-to-top-off-57-billion-global-aid
UK Exports Fewer Goods After Brexit, Tilting Economy to Services: The UK is still exporting fewer goods than before Brexit, as the economy becomes more reliant ...
bloomberg.com/news/articles/2024-04-22/uk-exports-fewer-goods-after-brexit-tilting-economy-to-services
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What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
UK police charge two men with spying for China: British police on Monday charged two men with spying for China, including one reported to have worked as a ...
reuters.com/world/uk/uk-prosecutors-authorise-charges-against-two-men-over-spying-china-2024-04-22/
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
UK exports of services have grown 9 times faster than goods since 2010: Economy’s shift away from manufacturing may have been accelerated by Brexit ...
ft.com/content/e4a66eb7-1cc4-45ad-ab2c-ae2141d71dab
FTSE 100 hits new record high helped by five-month low for pound: While the FTSE 100's performance has lagged that of most peers for some time ...
news.sky.com/story/ftse-100-hits-new-record-high-helped-by-five-month-low-for-pound-13120952
UK Economy: Uncertainty surrounds Bank of England’s policy decisions : The UK economy faces a year of mixed signals. EY predicts subdued growth in 2024 ...
wionews.com/videos/uk-economy-uncertainty-surrounds-bank-of-englands-policy-decisions-714061
Liz Truss refuses to apologise for sparking mortgage rate rise - but admits one failing as PM
news.sky.com/story/liz-truss-refuses-to-apologise-for-sparking-mortgage-rate-rise-but-admits-one-failing-as-pm-13119635
FTSE 100 on track to hit record high as sterling weakens: Gap between US and UK rate expectations drives investors to dollar
ft.com/content/a7d7e5e2-b510-494f-b431-8bfbb13415c3
UK set for four-day heatwave and it'll kick off next week with 22C scorcher: Next week - May 3, Friday - could see the temperatures skyrocket north and upward ...
birminghammail.co.uk/news/midlands-news/uk-set-four-day-heatwave-29042179
Full list of DWP payment dates and money changes in May : NHS prescription costs will rise in May, Ofgem will announce a new price cap and some people will see ...
manchestereveningnews.co.uk/news/cost-of-living/full-list-dwp-payment-dates-29042407
FTSE 100 hits record closing high amid hopes of interest rate cuts: UK’s blue-chip index ended trading at 8,023, its highest close ever, as pound falls against ...
theguardian.com/business/2024/apr/22/ftse-100-record-high-interest-cuts-rate-pound-dollar
Worst news possible for Aussie homeowners: There are fears that interest rates could be hiked again as employment holds strong and inflation remains difficult to ...
news.com.au/finance/economy/interest-rates/fears-interest-rates-could-be-hiked-in-2024/news-story/7be393c0c52b480c16d3c60d53d07c03
New Brexit border checks could stifle fine food imports from EU, warn sellers: Panzer's delicatessen in north west London has lost 37 suppliers from the European ...
reuters.com/world/europe/new-brexit-border-checks-could-stifle-fine-food-imports-eu-warn-sellers-2024-04-22/
Victoria Beckham: Spice Girls reunite... at Posh's 50th birthday: All five members of the group perform Stop at Victoria Beckham's 50th birthday party in London.
bbc.com/news/entertainment-arts-68868289
Quick Glance: Tom Cruise wows guests at Victoria's 50th birthday bash
- Tom Cruise wowed A-list guests at Victoria's party.
- The Spice Girls also performed and danced to their 1997 hit.
- Victoria Beckham called the celebration the best night ever.
- Brooklyn's wife Nicola Peltz Beckham did not attend the party.
Londongrad forever? Why the UK may never seize Russian assets: Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.
politico.eu/article/londongrad-forever-uk-never-seize-russia-assets-ukraine-war-sanctions/
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