The logistics sector has expanded by 190,000 employees since 2019 and has driven the creation of a further 125,000 jobs in regional economies, research suggests. The sector, with its focus on transporting goods to consumers, is one of the fastest-growing in Britain because of the popularity of online shopping, which boomed over the course of […]
Kwasi Kwarteng is contemplating a support package for steelmakers and other manufacturers struggling to cope with rising energy costs. The business secretary is exploring whether the government could exempt heavy industrial manufacturers from network charges. These are included in bills to help to maintain and upgrade Britain’s network of gas pipes and electricity cables that […]
A fifth of companies expect that the cost of living crisis will be worse for their business than the pandemic, a new survey has found. The biggest threats facing businesses over the next six months are rising energy costs and inflation and disruptions to the supply chain, which have been worsened by lockdowns in China, […]
Steve Cochrane, chief Asia Pacific economist at Moody’s Analytics, discusses the outlook for the region’s economies amid the Covid-19 pandemic, food inflation and central banks’ policies. He speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia.”
With an uptick in demand for project finance from late last year, bankers believe need for long-term funds should rise by anywhere between 12-15% this year. Bank credit deployed in the infrastructure segment rose 10.2% year-on-year in April 2022, with roads, telecommunications and power leading the pack. The outstanding credit to this space, towards the […]
Tensions are increasing on the Korean Peninsula. North Korea fired eight short-range ballistic missiles Sunday. The latest test comes after South Korea and the US staged a joint naval drill. And South Korea and the US test-fired eight missiles in response, Yonhap reported. Stephen Engle reports on Bloomberg Television.
KYIV — Russia struck Ukraine’s capital Kyiv with missiles early on Sunday for the first time in more than a month, while Ukrainian officials said a counter-attack on the main battlefield in the east had retaken half of the city of Sievierodonetsk. Read More
SYDNEY — An Australian court ordered Google to pay A$715,000 ($515,000) to a former senior lawmaker on Monday after finding that a Youtube star’s “relentless, racist, vilificatory, abusive and defamatory campaign” drove him to quit politics prematurely. Read More
SYDNEY — Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S. inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week. Read More
(Bloomberg) — The speculative darlings of the easy-money era — technology stocks and cryptocurrencies — are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet. Read More