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Business travel’s recovery is well underway, and things might feel a little chaotic at the moment. There’s no doubt that the travel industry is struggling to keep up with the sudden increase in demand and, according to the Global Business Travel Association’s (GBTA) June 2022 Business Travel Recovery Poll, staffing shortages, supply chain bottlenecks and […]
Credit card borrowing in June grew at the fastest rate in nearly 17 years, Bank of England figures show. Borrowing on credit cards grew at an annual rate of 12.5% – the fastest pace since November 2005. Figures from the Bank also showed that consumers cut how much money they set aside for savings last […]
LONDON — Sterling rose towards a one-month high on Monday as an upbeat mood on broader financial markets helped the British pound and as traders prepared for a Bank of England policy meeting this week at which it is expected to again raise rates. Read More
European shares edged up on Monday as a jump in banking stocks after HSBC’s strong results offset fears of a global economic slowdown fanned by disappointing Chinese economic data and figures showing contraction in euro zone manufacturing activity. Read More
(Bloomberg) — Indonesia’s central bank may still be able to keep its policy rate unchanged this month as surging inflation remains largely driven by food and energy prices. Read More
LONDON/SYDNEY — World stocks hit seven-week highs on Monday, buoyed by recent strong corporate earnings and declining expectations for hefty interest rate rises, while the dollar slid against the yen as speculators exited suddenly unprofitable short positions. Read More
Emerging market stocks inched up on Monday, as Beijing’s promise to support the market helped offset to an extent worries about economic growth in China after the world’s second largest economy reported slowing growth in manufacturing activity. Read More