The Bank of England voted on Thursday to keep interest rates steady at 4%, balancing sticky inflation pressures with a weak economic backdrop.The Monetary Policy Committee (MPC) opted by a 7-2 vote split to hold its benchmark rate unchanged, marking a pause after August’s 25 basis point reduction. While the…
Shares of British retailer Next fell by more than 6% in early trading on Thursday after the company warned that employment opportunities in the United Kingdom are likely to diminish in the second half of the year, raising concerns over consumer spending. The drop made the stock the top loser…
The FTSE 100 Index is doing well this year, despite the UK economy facing stagflation, high interest rates, and a risky doom loop. It has jumped by over 20% from the lowest level this year as investors wait for the upcoming BoE interest rates decision. FTSE 100 Index thrives despite the…
South Korea’s biggest conglomerates — Samsung Group, SK Group and Hyundai Motor Group — have unveiled large-scale hiring commitments aimed at easing the country’s worsening youth employment crisis. Together, the three firms plan to create 75,200 jobs over the next two years, a move that comes after President Lee Jae…
Palantir Technologies Inc. is deepening its presence in the United Kingdom with a commitment to invest £1.5 billion by 2030 and a major contract with the Ministry of Defence. The move reflects a strategic shift for the US-based data analytics company, which is now focusing more heavily on the UK…
The United States Securities and Exchange Commission (SEC) has approved new listing standards for crypto exchange-traded funds (ETFs), a decision expected to reshape the digital asset market. The rule change allows Cboe, Nasdaq, and NYSE to list and trade Commodity-Based Trust Shares under a standardised framework. For the first time,…
Rheinmetall share price has pulled back in the past few days as investors reflect on the recent buyout of NVL, a top warship company. It was trading at €1,905, a few points below the year-to-date high of €1,985. So, is this overvalued military company stock a good buy?Rheinmetall share price…
Asian equities ended Thursday on a mixed note as investors weighed the Federal Reserve’s policy decision and cautious comments from Chair Jerome Powell. Powell warned that rising goods prices were feeding through to inflation and said the central bank expected price pressures to build into next year.China and Hong Kong…
Nvidia agreed to invest $5 billion in Intel Corp. and collaborate on developing chips for personal computers and data centres, a surprise partnership that pairs two longtime rivals as Intel struggles to regain footing in the semiconductor industry.Shares of Intel surged 24% in premarket trading, while Nvidia stock was up…
Octopus Energy, Britain’s largest electricity supplier, said on Thursday it would spin off its technology arm Kraken Technologies into a standalone company, marking a significant step in the group’s strategy to focus on core operations while allowing its fast-growing tech division to pursue independent growth.The company also announced the appointment…