pandemic

UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly

Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan…

3 years ago

UK mortgage market faces ‘significant stress’ – Morgan Stanley

Britain's mortgage market faces significant stress as households struggle to meet the surging cost of home loans, investment bank Morgan…

3 years ago

UK labour market exodus drives jobless rate down to 3.5%

Britain reported a record jump in the number of people leaving the labour market in the three months to August,…

3 years ago

Analysis: Europe Inc’s wage hikes alarm investors as worries about recession grow

Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are…

3 years ago

Analysis: British banks’ mortgage payday comes with sting in the tail

While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country's…

3 years ago

Samsung quarterly profit set to slump 25%, first decline in nearly three years

Samsung Electronics Co Ltd's (005930.KS) third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn…

3 years ago

Exclusive: GE lays off workers at onshore wind unit as part of turnaround strategy

General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and…

3 years ago

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its…

3 years ago

EXCLUSIVE Sea’s Shopee shuts operations in Argentina, Chile, Colombia, Mexico -sources

Sea Ltd's (SE.N) e-commerce arm told employees on Thursday it was shutting local operations in Chile, Colombia and Mexico, and leaving Argentina…

3 years ago

Japan’s services sector shrinks for first time in five months in August – PMI

Japan's services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections…

3 years ago