When was the last time the pound crashed? A brief history
The last time the British pound flirted with dollar parity, Margaret Thatcher was prime minister. Read more...
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Mortgage rates: 'I was ready to buy a house, now I'm totally lost'
Some economists predict the Bank of England will raise the interest rate to as much as 5.8% by next spring.
Italy gets new tranche of EU funds as dust settles from vote
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.
Nord Stream: Mystery leaks in Russia gas pipelines spark warnings
The Nord Stream undersea gas network to Europe has sustained "unprecedented" damage in recent days.
The Philippines weeds out rogue online gambling operators as law enforcement headaches mount
Authorities in the Philippines suspect large parts of the country’s online gambling industry to be a smokescreen for other crimes . Read more...
Energy firms must offer more help on bill payments, Ofgem warns
The energy watchdog says all bar one of the energy firms need to improve their support to customers.
British pound stabilizes, but turmoil still roils UK economy
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.
Biden's plan to eliminate hidden airline fees is taking flight
The Biden administration wants air travelers to have complete transparency when booking flights. Read more...
Why are Indian banks hesitant to grant education loans?
Indian banks are going slow on sanctioning education loans. Read more...
The Bank of England refused to prop the pound up
The Bank of England (BoE) isn’t going to kick off an emergency rescue mission for the pound. Read more...
Wall Street up in premarket after Dow slips into bear market
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 rolls out its own credit card service in India
Samsung India has launched its own credit card in India in partnership with Axis Bank. Read more...
Leaked dossier suggests Scottish ferry deal may have been rigged
A BBC investigation uncovers evidence of irregularities in awarding the contract for two CalMac ferries
iPhone in India: Apple makes new handset in India in shift from China
The announcement marks the technology giant's latest move to diversify its supply chains outside China.
Tim Cook: 'No good excuse' for lack of women in tech
Apple chief executive tells the BBC the tech sector needs more women in order to thrive.
Americans increasingly unhappy with Biden’s handling of economy: poll
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.
Workers rush to take second jobs: 'I felt I had no choice'
More and more people are being forced to turn to additional jobs, according to a report by Royal London.
Fed officials call for more rate hikes to fight inflation
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.
Mortgage lenders pull deals due to interest rate rise fears
Virgin Money and Skipton will suspend mortgage offers to new customers as lending costs soar.
Amazon’s additional Prime Day will shift holiday shopping even earlier
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
Russia's gas pipeline leaking into Baltic Sea - Denmark
Denmark sets up a banned zone near the Bornholm island, where a Nord Stream 2 leak is reported.
There was barely any mention of vaccine equality at the UNGA
The United Nations General Assembly wrapped up in New York last week, and there was a most notable absence: covid. Read more...
Three charged in $100M New Jersey deli fraud scheme
Hometown International had a $100 million valuation despite only owning a small NJ deli.
US couples ask wedding guests for down payments on home mortgages
“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.
Twitter CEO skips deposition in Elon Musk case over ‘personal reasons’
"They’re barking up the wrong tree," the source said of people who interpreted the deposition delays as foreshadowing a potential settlement.
Smart Balance butter substitute formula literally ‘watered down,’ customers say
"What in the world did you do to Smart Balance?! It's awful!"
Remote work drove more than 60% of home price surge during pandemic: Fed study
Remote work will be a "determinant of future housing costs and inflation,” economists said.
Bank will 'not hesitate' to raise interest rates after pound's fall
The Bank of England said it was "monitoring developments closely" after the pound hit a record low.
Goldman Sachs begins layoffs, targeting mid-level bankers: report
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.
IRS steps up tax collection on cryptocurrency, bitcoin profits
A federal judge allowed the IRS to issue a so-called "John Doe summons" for data about customers of crypto broker SFOX.
How Donald Trump got his Deutsche Bank loans
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...
Atlanta Fed boss says stiff interest rate hikes won’t slam US job market
“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 unnervingly specific holiday greetings of the Australian Bureau of Statistics
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...
Twitter whistleblower has likely sparked FTC probe — and Elon Musk could get hit
“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.
Home sale cancellation rates surge in Sun Belt pandemic boomtowns
“A slowing housing market is allowing buyers to renege on deals," real estate firm Redfin said.
To cut a firm's emissions, peg its CEO's pay to climate goals
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...
Abigail Disney disavowed her own film about terrorism under pressure from Muslim critics: report
Disney, the grandniece of Walt Disney, is the executive producer of "Jihad Rehab," a 110-minute long film that was directed by Meg Smaker.
Chris Cuomo: Interviewing brother on CNN was conflict of interest ‘all day long’
"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."
The British pound has taken a tumble. What’s the impact?
LONDON (AP) — The pound is taking a pounding. The British currency has taken a plunge, sliding against the U.S.
New York now the busiest shipping port in the US, leapfrogging California
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.
Elon Musk says it’s ‘obviously correct’ that Fed is tanking US economy
Musk reacted to a fiery rant from Wharton professor Jeremy Siegel, who slammed the Fed's stance.
France forecasts weak growth next year amid energy crisis
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.
Beyond Meat, other plant-based brands struggle due to ‘woke’ image, steep prices: analysts
The alternative brands are also losing their prestige with environmentally-focused shoppers.
