Unemployment up and wage growth still hot: New figures to spook Bank of England September 12, 2023 Unemployment has crept up whilst wage growth remains hot - creating problems for the Bank of England
Google vs the US Government: Tech giant in biggest antitrust trial in decades September 12, 2023 Google will confront a threat to its dominant search engine beginning on Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged the market in its [...]
Wilko shuts first stores today as administration unfolds September 12, 2023 Wilko will shut its first group of shops on Tuesday as the dramatic collapse of the high street chain takes shape. The historic retailer will shut 24 stores across the UK in the first phase of closures, with hundreds of workers at the shops set for redundancy. It comes a day after administrators confirmed all [...]
BP boss Bernard Looney resigns over past relationships with colleagues September 12, 2023 The chief executive of BP has resigned after admitting to misleading his board over historic relationships with colleagues
China: Economists slash growth forecasts as fears grow for global economy September 12, 2023 China’s economy will grow less than previously thought this year and next as a struggling property market dogs what was once the world’s growth engine, according to a Reuters poll of economists who said the risks were skewed to further downgrades. The world’s second-largest economy has been struggling after a brief post-COVID recovery, dragged by [...]
Tipping point? City grandees say Square Mile could be set for Big Bang 2.0 September 12, 2023 The City of London is at an "inflection point," with nearly two thirds of financial services leaders warning that the City's star will wane without intervention.
Rail strikes: Transport secretary and unions haven’t met this entire year September 12, 2023 Rail strikes continue to frustrate commuters but ministers are still refusing to step in to the middle of the dispute
FCA poised for fresh clampdown on firms with new marketing rules September 12, 2023 FCA poised for fresh clampdown on firms with new marketing rules
Birmingham is a city on the cusp, but its economy is at a crossroads moment September 12, 2023 Birmingham has become a powerhouse, but the council has been too busy with internal squabbling to make sure all of its residents are part of the transformation, writes Adam Hawksbee
A remarkable effort to turn grim tragedy into something positive September 12, 2023 More than two decades on, the sheer visceral terror of the September 11 attacks continues to linger. Few working in the City then, in a world of global finance, did not know someone caught up by the assault on New York in some way. In the world before immediate smartphone communication, those were anxious days [...]
