Article content COLOMBO — Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing inflation quickly towards single-digit levels, the International Monetary Fund (IMF) said on Saturday. In a surprise move, the South Asia nation’s central bank raised rates by 100 basis points on Friday to battle inflation, which is at […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Alexandra Alper Published Mar 03, 2023 • 3 minute read Join the conversation Article content WASHINGTON — U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jessie Pang Published Mar 03, 2023 • Last updated 3 hours ago • 2 minute read Join the conversation Article content HONG KONG — Three former members of a Hong Kong group that organized annual vigils to mark China’s 1989 Tiananmen Square crackdown, were found guilty […]
Several UK banks have restricted their customers from buying crypto assets as concern grows about the risks posed by digital currency to customers. In an email to customers earlier this week, Nationwide said it would not allow payments to crypto exchanges using its credit cards and would impose a £5,000 daily limit on current account […]
Octopus Energy has hit back at the energy firms challenging its takeover of Bulb Energy, with the supplier’s lawyer arguing in court today that the company was simply more “nimble” and “saw an opportunity that others missed” in its deal-making with the government. Its lawyer argued that the rival suppliers were not concerned about how […]
The Federation of Small Businesses (FSB) is calling on the Chancellor to tackle the childcare crisis and take proactive measures to help more people work in his Spring Budget. Childcare providers are facing insufficient Government funding are currently caught in a tough spot – either having to shut for good or pass the costs onto […]
Publisher Pearson said sales of its textbooks and virtual learning offerings were boosted by increased demand for online learning, among adults and schools. Sales increased 12 per cent to £3,841m during the full year 2022 compared to £3,428m the previous year. Operating profit in the preliminary results were £271m, compared to £183m in 2021. This […]
The return of the office commute helped to bring people back to high streets and town centres last month, but shopper numbers remain stubbornly below pre-pandemic levels, new figures show. The number of people going to shops was up 10.4 per cent last month, compared with February last year, but is 8.8 per cent down […]
London City airport will become the UK’s first to scrap restrictions on travelling with liquids — and in time for the Easter holidays. Airport bosses said all four of its security scanners will be upgraded to new-generation CT machines, similar to those used in hospitals, by the end of March. The move will allow passengers […]
Article content CAPE CANAVERAL, Fla. (AP) — A new crew arrived at the International Space Station on Friday for a six-month mission, after overcoming trouble with one of the capsule’s docking hooks. The SpaceX capsule and its four astronauts had to wait 65 feet (20 meters) from the orbiting lab, as flight controllers in California […]