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News from the business world comes from all the financial institutions and business Hubs from around the world. We scoured the globe to bring you the top business news today.
Pay rise surprise leads to forecasts of higher interest rates UK wages have experienced their most rapid growth in 20 years – excluding the impact…
US moves to block Microsoft’s Activision takeover Regulators in the US have requested a judge blocks Microsoft from completing its $69bn purchase of Activision Blizzard…
CITY AM – Banks must adapt in tech battle CITY AM SAYS Ex-Barclays boss Antony Jenkins has warned established banks that they could be in…
George Soros gives empire to son Alex American billionaire philanthropist George Soros has announced that he has handed over the management of his $25 billion…
The Economist – The baby-bust economy Global fertility has collapsed, with profound economic consequences THE ECONOMIST SAYS In the roughly 250 years since the Industrial…
City AM – There’s a new sheriff in town FCA’s new crypto advertising rules met with mixed industry response CITY AM SAYS The Financial Conduct…
Windfall tax to be suspended if energy prices drop The government has said it will suspend the windfall tax on oil and gas companies if…
MPs ‘to question ITV’ over Phillip Schofield’s affair with younger colleague The Guardian says MPs are reportedly planning on questioning ITV executives over This Morning…
Fresh wave of train strikes begin as FA Cup to face disruption Train strikes will cause disruptions and bring rail services to a standstill in…
Elon Musk: Tesla boss on first China trip in over three years Tesla boss Elon Musk has made his first trip to China in over…
Financial Times – Labour plans land valuation reform to ease housing crisis Summary of the front page Labour is planning reforms to the UK’s land…
Coffee and chocolate help drive supermarket prices higher In the year leading up to May, the rate of price increases at supermarkets in the UK…
Financial Times – Republican chiefs try to quell revolt with debt default deadline looming Summary of the front page Leaders in the US Republican party…
Food price cap will not make a difference – retailers A price cap on essential food items will not address the growing cost of living…
Mars bar plastic wrapper swapped for paper Mars bars will now be wrapped in recyclable paper replacing the previous plastic packaging. The initiative is part…
Financial Times – Ministers look at reshaping pensions lifeboat fund to give boost to business Summary of the front page Ministers are considering a sweeping…
Mortgage rates rise in the UK after inflation surprise Mortgage costs in the UK are rising after higher-than-anticipated inflation figures, leading to revised forecasts for…
Top Twitter engineering boss quits just one day after chaotic DeSantis launch glitch An engineering boss at Twitter has announced his departure from the company…
Financial Times -Gilt yields soar near mini budget levels as inflation data disappoints Summary of the front page The Financial Times leads with gilt yields…
Energy bills to remain high despite price cap cut Experts have warned that energy bills will remain high despite a price cut scheduled for July.…
Financial Times – BoE has very big lessons to learn after failing to spot persistent high inflation Summary of the front page The Financial Times’…
UK inflation falls to 8.7% but food price rises remain close to 45-year high The Guardian says Britain has recorded the sharpest fall in inflation…
Bank of England to hike interest rates to 5.5 per cent to tame scorching inflation CITY AM says The Bank of England will have to…
Bank of England admits ‘very big lessons to learn’ over failure to forecast rise in inflation FT says The governor of the Bank of England…
Virgin Orbit shuts down, sells for $36m despite being valued at $3.7 billion in 2021 British billionaire Sir Richard Branson’s dreams of a successful rocket…
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