OPEC+ looking at output cuts approaching two million barrels a day November 30, 2023 OPEC+ oil producers agreed to voluntary output cuts approaching two million barrels per day (bpd) for early next year led by Saudi Arabia.
Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true November 30, 2023 The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.
Eurozone inflation slumps raising the prospect of rate cuts November 30, 2023 Core inflation - which strips out volatile components like food and energy - dropped from 4.2 per cent to 3.6 per cent.
It starts with a plan: COP28 and the transition to a net zero economy November 30, 2023 Political and business leaders, along with scientists and many others, are gathering in Dubai for the COP28 UN climate summit to focus on the urgent need for a rapid transition to a lower-emission world. To ensure that we don’t exacerbate existing social inequalities, we also need to ensure this transition is “just”. In other words, [...]
Natwest: Why there may be a problem with Telling Sid November 30, 2023 The Chancellor called for a revival of 'Tell Sid' investment culture in his autumn statement last week. But there may be a problem...
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
JD Sports Fashion tops FTSE 100 as Foot Locker raises sales outlook November 29, 2023 FTSE 100 retailer JD Sports Fashion - 'The King or Trainers' - added seven per cent to top the FTSE 100 today.
Household borrowing dips as higher rates ‘percolate’ through UK economy November 29, 2023 Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
OECD: UK economy faces “urgent” challenges as growth downgraded and inflation remains high November 29, 2023 New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.