Bank of England raises UK interest rates to highest level since 2008
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets
2023-05-11 22:27
Czech government proposes measures to keep ballooning deficit under control
Czech citizens will likely pay more for beer and medicine while businesses will face higher corporate taxes as part of a government package of dozens of measures designed to keep the ballooning budget deficit under control
2023-05-11 22:23
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is dipping in early trading, weighed down by a sharp drop for Disney and flaring fears about U.S. banks
2023-05-11 21:48
US jobless claims filings highest since 2021, but job market remains healthy
The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards
2023-05-11 20:56
Turkish presidential candidate withdraws in boost to Erdogan's main challenger
A candidate in Turkey's presidential election has withdrawn from the race, a move that is likely to bolster President Recep Tayyip Erdogan’s main challenger
2023-05-11 20:49
US wholesale price data for April points to easing inflation pressures
Wholesale prices in the United States decelerated last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates
2023-05-11 20:46
Hot employment market shows signs of cooling
The hot jobs market has been defying a weakening economy and confounding the Federal Reserve for months, but now shows signs of cooling
2023-05-11 20:22
UK gives cruise missiles to Ukraine; Kyiv delays counteroffensive as it waits for more weapons
The British government has announced it is giving long-range cruise missiles to Ukraine to help drive out Russia’s occupying forces
2023-05-11 20:20
Japan's Honda records lower profit, projects recovery ahead on sales rebound
Honda’s profit for the fiscal year that ended in March has dropped 1.7% as sales took a hit from a semiconductor shortage and restrictions in China related to the coronavirus pandemic
2023-05-11 19:56
UK sending Ukraine long-range cruise missiles
British Defense Secretary Ben Wallace says the U.K. is sending Ukraine long-range cruise missiles to help push back Russian forces
2023-05-11 19:52
Long-haul carrier Emirates sees highest-ever profit in 2022 of $2.9B after pandemic grounded flights
Long-haul carrier Emirates says it saw its most-profitable year ever in 2022, earning $2.9 billion after bouncing back from the coronavirus pandemic shutting down global aviation
2023-05-11 17:52
How Europe is at the forefront of building artificial intelligence guardrails
Authorities around the world are racing to draw up rules for artificial intelligence, including in the European Union, where draft legislation faced a pivotal moment
2023-05-11 17:51