Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on […]
The transport secretary has told rail staff not to “risk striking yourself out of a job” just days before industrial action that will close much of the railway next week. In a speech in which Grant Shapps said he was “appealing directly to workers” instead of unions, he claimed the strikes were “a bid to […]
Global markets fell sharply yesterday after a series of interest rate rises from global central banks rekindled fears that aggressive policy tightening could push economies into recession. After a relief rally on Wednesday when investors welcomed the US Federal Reserve’s aggressive move to raise rates by 75 basis points — its biggest since 1994 — […]
UK interest rates could rise to 3 per cent by the end of the year, financial markets believe, as the Bank of England has to ramp up its measures to fight inflation. Money markets are forecasting a much tighter UK monetary policy after the Bank upgraded its inflation forecast to peak at more than 11 […]
TOKYO — Japan’s 10-year government bond yields hit a six-year high on Friday ahead of a policy decision later in the day from the Bank of Japan. Read More
SINGAPORE — Chicago corn futures edged lower on Friday after making sharp gains in the previous session, but the market was poised for a second consecutive weekly rise on concerns over hot weather in parts of the U.S. Midwest. Read More
Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, discusses the outlook for the US economy, and the opportunities he sees in domestic and international financial markets. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
MELBOURNE — Australia’s power crunch has eased across the national electricity market (NEM), as more generation has come back online and households have cut their power use, the country’s energy market operator said on Friday. Read More
MELBOURNE — Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday, the industry group that represents generators said on Friday, easing blackout risks that have plagued the market this week. Read More