Business news


 European Central Bank announces quarter-point rise in interest rates

European Central Bank announces quarter-point rise in interest rates

May 04, 2023 12:32 PM AEST | By PAMEDIA

The decision comes a day after the US Federal Reserve also approved a quarter-point increase.

 Scottish college lecturers start boycott as part of industrial action

Scottish college lecturers start boycott as part of industrial actio...

May 02, 2023 01:58 PM AEST | By PAMEDIA

EIS-Fela members will not enter students’ marks into college systems as part a dispute over pay.

 European Central Bank set to raise interest rates after inflation edges higher

European Central Bank set to raise interest rates after inflation ed...

May 02, 2023 09:33 AM AEST | By PAMEDIA

The inflation rate in the eurozone rose to 7% in April.

 Europe’s economy barely grows as inflation pinches consumers

Europe’s economy barely grows as inflation pinches consumers

April 28, 2023 10:45 AM AEST | By PAMEDIA

The 20 countries that use the euro currency picked up speed in the first quarter after zero growth in the last three months of 2022.

 20% of people ‘less confident than six months ago about paying rent or mortgage’

20% of people ‘less confident than six months ago about paying rent...

April 23, 2023 01:45 AM AEST | By PAMEDIA

HSBC UK and housing charity Shelter have announced a new partnership to support the financial health of people and communities.

 Credit Suisse investors sue after facing billions in losses

Credit Suisse investors sue after facing billions in losses

April 21, 2023 01:24 PM AEST | By PAMEDIA

The investors are contesting an order by the Swiss Financial Market Supervisory Authority that wiped out billions in higher-risk bonds.

 Nokia warns over economic situation as it reports lower profits than expected

Nokia warns over economic situation as it reports lower profits than...

April 20, 2023 09:50 AM AEST | By PAMEDIA

The wireless and fixed-network equipment maker reported net profit of 342 million euros (£300 million) for the January-March period.

 Credit Suisse accused of hindering probe into Nazi-linked accounts

Credit Suisse accused of hindering probe into Nazi-linked accounts

April 19, 2023 10:35 AM AEST | By PAMEDIA

US senators said some accounts linked to Nazi Germany were open until just a few years ago.

 Not-for-profit lettings agency will help ease ‘chronic lack’ of affordable homes

Not-for-profit lettings agency will help ease ‘chronic lack’ of affo...

April 17, 2023 01:21 PM AEST | By PAMEDIA

Lloyds Banking Group said fundraising will support Crisis to develop and launch a new not-for-profit lettings agency.

 Wood Group to ‘engage’ with private equity suitor over £1.7bn proposal

Wood Group to ‘engage’ with private equity suitor over £1.7bn propos...

April 17, 2023 08:20 AM AEST | By PAMEDIA

Apollo Management made a fifth takeover approach for Wood Group earlier this month worth 240p a share in cash.

 Industrial action helped workers secure extra £2bn in pay, figures show

Industrial action helped workers secure extra £2bn in pay, figures s...

April 16, 2023 04:14 PM AEST | By PAMEDIA

The STUC released data covering workers in health, education, local government, the fire service, transport, and telecoms.

 Head of Slovakia’s central bank convicted of bribery

Head of Slovakia’s central bank convicted of bribery

April 13, 2023 03:41 PM AEST | By PAMEDIA

The country’s Special Criminal Court handed National Bank of Slovakia governor Peter Kazimir a fine and a two-year suspended sentence.

 List of 15 Barclays branches set to close

List of 15 Barclays branches set to close

April 12, 2023 12:28 PM AEST | By PAMEDIA

It brings the total of Barclays branches closing this year to 73.

 Barclays closing another 15 bank branches

Barclays closing another 15 bank branches

April 12, 2023 12:12 PM AEST | By PAMEDIA

The high street brand has plans to shut 73 locations in total this year.

 Barclays names 15 more branches to close

Barclays names 15 more branches to close

April 12, 2023 12:12 PM AEST | By PAMEDIA

The high street brand has plans to shut 73 locations in total this year.

 Pakistanis living abroad sent £2 billion home in March

Pakistanis living abroad sent £2 billion home in March

April 10, 2023 09:37 AM AEST | By PAMEDIA

The response to the government’s appeal for more hard currency remittances offers some hope for improving the ailing economy, officials said.

 Global economic growth set to fall below 3% this year, IMF chief warns

Global economic growth set to fall below 3% this year, IMF chief war...

April 06, 2023 02:29 PM AEST | By PAMEDIA

Kristalina Georgieva warned poverty and hunger could increase further during 2023.

 Regulator defends rescue of Credit Suisse via UBS takeover as ‘best option’

Regulator defends rescue of Credit Suisse via UBS takeover as ‘best...

April 05, 2023 08:39 AM AEST | By PAMEDIA

Urban Angehrn, chief executive of the Swiss Financial Market Supervisory Authority, or FINMA. defended the move.

 UBS boss admits ‘huge’ risks in merging with Credit Suisse

UBS boss admits ‘huge’ risks in merging with Credit Suisse

April 05, 2023 08:39 AM AEST | By PAMEDIA

However, Colm Kelleher voiced confidence that the Swiss bank will benefit from the government-engineered takeover.

 Zoopla finds £14,000 average price reduction on homes sold at a discount

Zoopla finds £14,000 average price reduction on homes sold at a disc...

April 04, 2023 11:19 AM AEST | By PAMEDIA

Buyers and sellers are ‘not miles apart’ on pricing, which is helping deals to be agreed, the website said.

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