The housing market is showing signs of cooling, Halifax has said, as households face a squeeze on their finances. The mortgage lender said that while house prices continued to climb in May, with prices up 10.5% in 12 months, this was slowest rate of growth since the start of the year. The rise meant the […]
A former executive at Standard Chartered has been named the new chief executive of the government’s under-fire British Business Bank (BBB). Louis Taylor will be the permanent successor to Keith Morgan, who resigned in 2020. Mr Taylor is the current chief executive of UK Export Finance, the government’s export credit agency. Before joining UK Export […]
The UK will not join the EU in making USB-C charging ports mandatory on all phones and other electronic devices, the government has confirmed. The EU’s rule, announced in Strasbourg on Tuesday, means Apple will have to change the charging port on its devices in all 27 EU countries by 2024. Apple will have to start […]
The crisis threatening Britain’s railways this summer has deepened after train drivers voted to join the biggest rail strikes in a generation. A union leader warned of a “summer of discontent” as drivers on three lines backed industrial action, with the strike ballots expected to spread. The railway walkout, the largest since 1989, will coincide […]
The cost of filling a typical family car with petrol has exceeded an average of £100 for the first time. A litre of petrol cost an average of 182.3p on Wednesday, a jump of 3.8p a litre on the cost at the start of the week, according to Experian Catalist, the data analytics company. The […]
India, the world’s second-largest sugar producer, exported 3.06 million tonne (MT) of the sweetener until June 2 this fiscal — 53% higher than a year before — official sources told FE. The unusual surge lends some credence to the government’s fears that sugar stocks could be substantially depleted by the festival season if outbound shipments […]
On Bloomberg’s ‘Balance of Power’ with David Westin, Paul Romer, NYU professor and Nobel Laureate, on inflation; Catherine Hausman, University of Michigan professor, on high energy prices; Rep. Al Green, (D) Texas, on the Jan. 6 hearings; Dale Buckner, Global Guardian CEO, on Russian cyber threats.
The country’s current account deficit (CAD) likely moderated to 1.96% of GDP ($17.3 billion) in 4QFY22, as against a deficit of 2.74% of GDP in Q3FY22, India Ratings said in a report on Thursday. The CAD is estimated to have been at 1.38% ($43.81 billion) in FY22 compared to the current account surplus of 0.9% […]
(Bloomberg) — Thermal coal in China has climbed above the government’s price caps imposed last month, prompting regulators to dispatch squads to major mining regions to ensure compliance. Read More