Italy’s government is now on the brink of collapse, as three of Mario Draghi’s coalition partners withdrew their support Wednesday night after the prime minister forced a confidence vote by threatening to quit. Francine Lacqua reports on Bloomberg Television.
Russian Gas Deliveries Resume as Nord Stream Reopens Russia has resumed gas flows to Europe through the Nord Stream pipeline after a 10-day maintenance period. Will Kennedy reports on Bloomberg Television.
Starling Bank revealed it has hit its first full year profits today as the digital lender swings into the black from a £30m loss last year. The London-based bank, which offers both personal and business banking, posted pre-tax profits of £32.1m for the 12 months to the end of March. Unlike digital rivals Monzo and […]
A growing number of financially squeezed households are “turning to crime” by submitting bogus insurance claims, with data revealing a sharp rise in cases over the past year. Zurich UK, one of Britain’s biggest insurers, said the cost of living crisis was fuelling the increase in insurance fraud, where people exaggerate or make up claims […]
The latest figures from HM Revenue and Customs (HMRC) show that the inheritance tax receipts they received increased by £300 million to £1.8bn in the three months period of April 2022 to June 2022. This is an increase from the same period in the previous year, and continues the upwards trend over the last ten […]
Morses Club has signalled that it could cut compensation payouts to borrowers after it became the latest sub-prime lender to warn that its future is threatened by customer complaints over mis-sold loans. Provident Financial and Amigo have already caused controversy by using a legal process called a scheme of arrangement to reduce the amount of […]
Sayuri Shirai, former monetary policy board member at Bank of Japan and professor of economics at Keio University, discusses the Bank of Japan’s policy decision and its impact on the yen and what it means for the economy. The Bank of Japan left its rock-bottom interest rates unchanged as it put concern over the economy […]
Video app TikTok’s owner ByteDance Ltd. has traded in recent weeks at valuations well below $300 billion. That is down at least 25% from last year after investors cashed out of the social media giant with its IPO now on ice. Lulu Chen reports on Bloomberg Television.
Ranil Wickremesinghe was voted in as Sri Lanka’s president backed by a majority of lawmakers from ousted leader Gotabaya Rajapaksa’s party, a development that could reignite street protests in the bankrupt nation. Sudhi Ranjan Sen reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com […]
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