British mining heavyweight Anglo American surged as trading began on the FTSE 100 after it confirmed it is “reviewing” a takeover bid from its larger Australian rival BHP.
Losses at Boeing’s commercial aircraft division almost doubled in the first three months of the year as a safety crisis led to a slowdown in deliveries.
Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the world fade.
Rishi Sunak’s Rwanda Bill finally cleared Parliament early on Tuesday morning after eight hours of debate as MPs and peers sat through the night to pass the flagship legislation.
The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to economic shocks.
Ministers have come under fire for failing to “run votes through the night” as peers blocked Rishi Sunak’s Rwanda Bill for a fourth time on Wednesday, threatening further delays to the first deportation flights.
Consumers face the prospect of permanently higher interest rates amid geopolitical tensions and “slower globalisation”, a Bank of England official has warned.
Andrew Bailey has signalled UK interest rates remain on course to fall in the coming months amid growing fears that stubborn inflation will force the US to delay rate cuts.
MPs have rejected all the Lords’ Rwanda Bill amendments, after the Government was accused of “flogging a dead horse” with the policy. The seven amendments included those that sought to require local authorities to complete age assessments…
US private equity investors have bought the site of what had been hoped would become Britain’s first electric car battery gigafactory in a blow to Britain’s net zero ambitions.
The world is at risk of a “sluggish and disappointing decade”, the head of the International Monetary Fund has warned, while urging vigilance to restore price stability and jumpstart economic growth.
Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate…
Lord Cameron has warned against the “appeasement” of Vladimir Putin and Russia as he stepped up calls for the US to release billions of dollars of new military aid for Ukraine.
Turmoil at Thames Water has triggered a wider sell-off in bonds across the utility industry as investors turn their attention to debt burdens at rivals.
Jerome Powell has warned the Federal Reserve risks being forced to delay its first cut to interest rates because of stubborn inflation and strong economic growth, in a blow to mortgage borrowers around the world.
Tesla’s sales have fallen for the first time in four years as deliveries of Elon Musk’s electric cars went into reverse on the back of worsening demand for electric vehicles (EVs).
The US Treasury Secretary has accused China of creating unfair competition that “distorts global prices” as it ramps up production of technologies aimed at shifting the world towards net zero.
Robert Jenrick has said that the “feeble” sanctions against China announced by Oliver Dowden “will only embolden China to continue its aggression towards the UK”.
The FTSE 100 closed in on a record high on Friday amid growing hopes interest rate cuts are on the horizon as official data suggested Britain is out of recession.