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Monday, January 25, 2021
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finance

ECONOMY

UK debt reaches highs not seen since 1960

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The UK’s national debt hit a record £2.06 trillion (€2.3 trillion) at the end of September, up £259.6 billion in six months, according to...
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FINANCE

US Federal Reserve vows to keep providing aid and does not expect rates hike

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The US Federal Reserve has made clear that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting no...
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WORLD NEWS

European Central Bank increases support to countries ravaged by pandemic

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The European Central Bank has boosted its pandemic emergency support programme by 600 billion euros to 1.35 trillion euros in an effort to keep...
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WORLD NEWS

India cuts interest rates to shore up Covid-19 ravaged economy

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India’s central bank on Friday cut its key interest rate to 4% to revive the economy severely hit the Covid-19 outbreak and a two-month...
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WORLD NEWS

Renault seeking up to 5 billion euros in state-backed loans

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French car giant Renault is seeking billions in state-backed loans as it tries to weather the coronavirus crisis. The company is also cancelling its dividend...
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ECONOMY

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

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Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...
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FINANCE

Barclays posts higher profits despite £1.4bn PPI charge

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Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...
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BUSINESS

Sainsbury’s reveals store overhaul as it warns over half-year profits

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Sainsbury’s has said it will close up to 125 Argos stores and supermarkets but open even more amid an overhaul to slash costs. The group said...
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FINANCE

RBS unveils bumper £1.7 billion dividend

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Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...
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ECONOMY

Bank of England Governor steps up no-deal Brexit warnings

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Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
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