Business News
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Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%
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US applications for unemployment benefits tick up slightly, but layoffs remain at historically low levels
US applications for unemployment benefits tick up slightly, but layoffs remain at historically low levels
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Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
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Italy opens procedure against China's Sinochem for possible breach of Pirelli governance
Italy has opened up an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, over possible violations of restrictions placed by Rome to protect strategic assets
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Restaurants, other services still in grip of high inflation even as overall rate slows
While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high
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Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decade
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Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned
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Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial
A man charged with fraud for claiming to own a storied Manhattan hotel where he had been living rent-free for years has been found unfit to stand trial
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Canada orders TikTok's Canadian business to be dissolved but won't block app
The Canadian government is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media app but said it won’t block access
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Germany's Scholz fires his finance minister as his coalition collapses
Germany’s center-left Chancellor Olaf Scholz has announced he is firing Finance Minister Christian Lindner, which could undermine the ruling three-party coalition that relies on Lindner’s pro-business party
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