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BUSINESS

Europe inflation slips to 5.5% — but that will not stop central bank rate hikes

Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags or to stop...

Bank of England To Hike Interest Rates Up To 5%

According to Reuters British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of...

BlackRock files for Bitcoin ETF Application

BlackRock, the world's largest asset manager is close to filing an application for a Bitcoin ETF (exchange traded fund), according to sources close to...

£1,600 Universal Basic Income To Be Trialled in England At Whose Cost?

Money for nothing, Universal Basic Income, (UBI) is to be trialled in England for the first time. Under a pilot scheme, 30 people irrespective of...

‘Agreement in principle’ reached in US debt crisis talks

The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt...

Germany’s GDP shrinks to put Europe’s biggest economy into a recession

The German economy suffered an unexpected dip in the first quarter of the year, formally putting the country into a recession, new figures show. Germany’s...

US officials investigate whether Elon Musk’s ‘Twitter Hotel’ plan broke laws

San Francisco officials are investigating Twitter after six former employees allege that owner Elon Musk’s leadership team broke laws in turning the company’s headquarters...

Former Audi boss Stadler admits charges over diesel emissions scandal

The former head of Volkswagen’s luxury division Audi pleaded guilty on Tuesday to charges tied to the automaker’s diesel emissions scandal, becoming the highest-ranking...

Crypto rules given final approval to make Europe a global leader on regulation

The European Union’s sweeping set of beefed-up cryptocurrency rules have won final approval from member states, giving the 27-nation bloc a global lead in...

European growth forecast raised to 1.1% after winter recession avoided

The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy...

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