Business news

Barclays names 15 more branches to close

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

Pakistanis living abroad sent £2 billion home in March

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 war...

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

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

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

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 disc...

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

Passport Office staff in Scotland ‘relying on food banks’ as strike...

Public and Commercial Services Union members at the Passport Office are walking out for five weeks.

Oil producers announce surprise cuts in move which could force up pr...

Saudi Arabia was joined by other major oil producers in cutting the number of barrels they produce each day.

Saudi Arabia risks angering US as it announces cut in oil production

The move will likely raise oil prices, further straining relations between Riyadh and Washington.

Full list of NatWest, Lloyds, Halifax, Bank of Scotland and RBS bran...

More bank branches are to close across the UK.

Huawei profit plummets amid sanctions but sales rise

The tech giant said its annual revenue for 2022 reached 642.3 billion yuan (£75.55 billion), a 0.9% gain from the year before.

Harvey Norman spruiks Malaysia opportunity

<p>Harvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.</p...

QBE warns of $100m catastrophe blowout

<p>QBE expects to exceed its catastrophe allowance by around $100 million this year as the war in Ukraine and extreme weather events cause elevated cl...

Retail sales strong but rate rises biting

<p>Spending reached another high in September with price inflation and an extra national public holiday contributing to a $35.1 billion month for reta...