Britain’s hotels, restaurants and bars had high hopes that Liz Truss might act as prime minister to address crushing cost rises as they emerged from the Covid pandemic. Her business energy support package offered some respite, but the economic chaos and mortgage payment rises triggered by the shortest premiership in British history have further hit […]
Stenn, the leading digital financing platform for global SMEs, has now deployed capital to the tune of $10 billion, helping businesses fulfil their ambitions by accelerating cashflows and facilitating growth. This milestone reflects the rapid growth of Stenn’s digital solution since the company was founded and highlights the ongoing challenge that SMEs face in finding […]
The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home. Data from Moneyfacts shows that the number of […]
Britain is winning back credibility in the gilt markets but this still needs to be followed through with stable policymaking, a senior Bank of England rate-setter has said. The fall in benchmark gilt yields after a series of policy changes — intended to regain market confidence after the government’s mini-budget last month — was a […]
Rishi Sunak warned Conservative MPs to “unite or die” as he became the party’s third leader in two months. Sunak, 42, will be appointed the youngest prime minister for more than 200 years by the King today. He will be the first British Asian prime minister and has had the fastest rise from entering the […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Alexander Marrow and Supantha Mukherjee Article content MOSCOW/STOCKHOLM — SAP will miss its deadline to exit Russia before the end of the year as the German software group has failed to find a buyer for the unit, five sources told Reuters, underscoring the […]
Breadcrumb Trail Links PMN Business Author of the article: Article content U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest evidence of an economy softening in the face of high inflation and rising interest […]
Article content MEXICO CITY — Mexican annual inflation slowed more than expected in the first half of October but remained far above the central bank’s target rate, data from national statistics agency INEGI showed on Monday. Headline inflation in Latin America’s second-largest economy inched down to 8.53% from 8.64% in the second half of September, […]