Samsung committed to investing in semiconductors despite crash in demand for consumer gadgets January 31, 2023 Samsung Electronics will continue investing in the production of computer chips, despite profits from sales of the computer component sinking to their lowest since 2009. The world’s largest chipmaker reported £178bn (270bn won) in fourth-quarter semiconductor earnings on Tuesday, down from 8.83 trillion won from the same period last year. Samsung said demand has significantly [...]
Eight out of ten millionaires have sought financial advice on crypto in the last year January 31, 2023 More than 80 per cent of high net worth (HNW) individuals have asked their financial advisers about cryptocurrencies.
Bitcoin and rest of crypto in the red as investors await interest rate decision January 31, 2023 Bitcoin is trading at $22,845 this morning, down by around 2% over 24 hours, while Ethereum - at $1,573 - is in the red by 2.9%.
Walkout Wednesday: The London bus and train services affected by this week’s strikes January 31, 2023 Hundreds of thousands of workers will go on strike in separate disputes over pay, jobs and conditions in what will be the biggest day of industrial action in more than a decade. Teachers, university lecturers, train drivers, civil servants, bus drivers and security guards in seven trade unions will stop work on the same day. [...]
Euro economy pulls ahead of UK reinforcing IMF dire recession warning January 31, 2023 The UK is trailing its European economic peers, fresh figures out today reveal, reinforcing the International Monetary Fund’s (IMF) warning that it will be the only rich country to contract this year. The eurozone economy – made up of the 19 countries that use the common currency – unexpectedly grew 0.1 per cent in the [...]
Cost of living crisis: Grocery inflation up two per cent in just one month with shoppers forking out £800 more a year January 31, 2023 Grocery price inflation has hit a record 16.7 per cent to add a potential £788 to annual shopping bills, figures have shown. The “staggering” 2.3 percentage point jump in the four weeks to January 22 has exceeded the previous high recorded by analysts Kantar in October and is the highest figure since their records began [...]
British Steel and Tata Steel must go green if given £600m bailout, climate groups say January 31, 2023 The UK's steel sector needs to be more ambitious in its targets after receiving a bumper handout in taxpayer cash, says Green Alliance.
When will the Bank of England, Federal Reserve and ECB start cutting interest rates? Sooner than you think January 31, 2023 Central banks around the world this year are going to take their lead from an unlikely source: the Bank of Canada. While being the central bank of a G7 country, it’s not exactly the biggest of players in the global monetary policy and financial network. Tiff Macklem, the BoC’s chief, has led one of the [...]
No, HS2 won’t stop in west London, but it does show us why transport projects fail January 31, 2023 Last week, the long delayed high speed railway HS2 had another turn around the rumour mill, following suggestions it would end in west London. The hint of another hurdle shows us why politicians often ruin transport projects, writes Adam Tyndall. HS2 is happening and it will terminate in central London – despite the latest flurry [...]
UK only G7 economy to shrink this year as IMF deals blow to Jeremy Hunt recession declinism criticism January 31, 2023 Britain will emerge as the “sick man” of the world’s richest countries this year, snatching the unwanted title of being the only G7 economy to contract in 2023, according to forecasts by the International Monetary Fund (IMF). The world’s economic watchdog has slashed its expectations for UK GDP again, now pencilling in a 0.6 per [...]