The last time the British pound flirted with dollar parity, Margaret Thatcher was prime minister. Read more...
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Some economists predict the Bank of England will raise the interest rate to as much as 5.8% by next spring.
ROME (AP) — The European Commission signed off Tuesday on the next 21-billion-euro ($20.2 billion) tranche of Italy’s pandemic recovery funds, a welcome infusion that comes amid questions about whether Giorgia Meloni and her euroskeptic party, which won the national election, will be able to keep the funding coming.
The Nord Stream undersea gas network to Europe has sustained "unprecedented" damage in recent days.
Authorities in the Philippines suspect large parts of the country’s online gambling industry to be a smokescreen for other crimes . Read more...
The energy watchdog says all bar one of the energy firms need to improve their support to customers.
LONDON (AP) — The British pound stabilized Tuesday as U.K. authorities tried to ease investor concerns after the biggest tax cuts in 50 years sent the currency tumbling to a record low the previous day.
The Biden administration wants air travelers to have complete transparency when booking flights. Read more...
Indian banks are going slow on sanctioning education loans. Read more...
The Bank of England (BoE) isn’t going to kick off an emergency rescue mission for the pound. Read more...
NEW YORK (AP) — U.S. futures jumped Tuesday morning one day after a selloff on Wall Street put the Dow Jones Industrial Average into what’s known as a bear market.
Samsung India has launched its own credit card in India in partnership with Axis Bank. Read more...
A BBC investigation uncovers evidence of irregularities in awarding the contract for two CalMac ferries
The announcement marks the technology giant's latest move to diversify its supply chains outside China.
Apple chief executive tells the BBC the tech sector needs more women in order to thrive.
The ABC News/Washington Post poll released on Sunday shows 74% of Americans say the economy is in bad shape, up from 58% in the spring of 2021.
More and more people are being forced to turn to additional jobs, according to a report by Royal London.
WASHINGTON (AP) — The Federal Reserve will have to keep boosting its benchmark interest rate to a point that raises unemployment and gets inflation down from unusually high levels, two officials said in separate remarks Monday.
Virgin Money and Skipton will suspend mortgage offers to new customers as lending costs soar.
Amazon is debuting its second major shopping event of the year called Prime Early Access Sale . Scheduled to run Oct. 11 to 12, the Prime-member exclusive occasion is expected to be similar to its annual Prime Day held in July and is being marketed by Amazon as a way to “kick
Denmark sets up a banned zone near the Bornholm island, where a Nord Stream 2 leak is reported.
The United Nations General Assembly wrapped up in New York last week, and there was a most notable absence: covid. Read more...
Hometown International had a $100 million valuation despite only owning a small NJ deli.
“With ... inflation and the housing market, people are really reflecting on how they want to use their registry," Esther Lee, deputy editor at The Knot, told the Financial Times.
"They’re barking up the wrong tree," the source said of people who interpreted the deposition delays as foreshadowing a potential settlement.
"What in the world did you do to Smart Balance?! It's awful!"
Remote work will be a "determinant of future housing costs and inflation,” economists said.
The Bank of England said it was "monitoring developments closely" after the pound hit a record low.
Last week the investment bank laid off nearly a dozen bankers in the technology, media and telecommunications division alone, according to an Insider report. Consumer retail, healthcare, and industrials divisions have also been hit by layoffs, the report adds.
A federal judge allowed the IRS to issue a so-called "John Doe summons" for data about customers of crypto broker SFOX.
Deutsche Bank has emerged as the star witness in New York attorney general Letitia James’ case against Donald Trump and the Trump Organization. Read more...
“I do think that we’re going to do all that we can at the Federal Reserve to avoid deep, deep pain,” Bostic told Face the Nation.
The Australian Bureau of Statistics (ABS) would like to wish a happy Rosh Hashanah to everyone who identified as Jewish in the most recent census. Read more...
“I would say with 100% certainty that they have opened an investigation,” said David Vladeck, who led the FTC’s consumer protection division from 2009 to 2012.
“A slowing housing market is allowing buyers to renege on deals," real estate firm Redfin said.
Companies that want to reduce their carbon footprint should pay their executives more to make that happen, according to a new working paper (pdf) by economists in California and Europe. Read more...
Disney, the grandniece of Walt Disney, is the executive producer of "Jihad Rehab," a 110-minute long film that was directed by Meg Smaker.
"Did I think that they should be considered a conflict of interest?," Cuomo said of his interviews of his brother. "Ab initio, inherently all day long."
LONDON (AP) — The pound is taking a pounding. The British currency has taken a plunge, sliding against the U.S.
The shift comes as shipping companies have been diverting goods to the East Coast on concerns that west coast ports could be shut down over protracted labor negotiations.
Musk reacted to a fiery rant from Wharton professor Jeremy Siegel, who slammed the Fed's stance.
PARIS (AP) — France forecasts growth to slow down substantially next year in the EU's second-biggest economy, amid fears of a recession in neighboring Germany as the economic situation in Europe is slammed by the impact of Russia’s war in Ukraine.
The alternative brands are also losing their prestige with environmentally-focused shoppers.