Press Association
Mayor says Tory party dynamics around Rwanda scheme resembles a 'psychodrama'
London Mayor Sadiq Khan has criticized the Government's plans on Rwanda and described the dynamics in the Conservative party as resembling a that of a "psychodrama".
Press Association
Sunak praises ‘highly skilled’ immigrant business chiefs at investment summit
Prime Minister Rishi Sunak said the UK was open to foreign business talent despite Tory pressure to cut record levels of net migration. Mr Sunak rolled out the red carpet to hundreds of global investors for a major summit aimed at...
Press Association
Rishi Sunak plans to make UK 'the best place in the world to invest in' – full speech
Rishi Sunak said the UK’s “low-tax” approach is one of the three biggest advantages to investing. In a speech to the Global Investment Summit at Hampton Court Palace, he said: “When I say that this country can be the best place in the...
Press Association
Sunak says there is 'momentum' in UK economy as business leaders gather for Global Investment Summit
Rishi Sunak said there is “very positive momentum behind the UK economy” as leading investors gathered at Hampton Court Palace. Arriving at the Global Investment Summit, the Prime Minister told reporters: “My singular focus is driving...
Bloomberg
October ISM Index Falls to 46.7 in October
Tim Fiore, Chair of the ISM Manufacturing Business Survey Committee, joined Alix Steel and Guy Johnson to talk about the ISM report for October. The gauge fell 2.3 points to 46.7, which was weaker than all forecasts.
Bloomberg
Blackstone CEO Schwarzman Says Remote Workers Don't Work as Hard
Blackstone CEO Steve Schwarzman, whose firm is one of the largest owners of commercial property, said part of the reason workers are proving difficult to lure back to offices is because they enjoy a lighter workload at home. Speaking...
Press Association
Sir Keir Starmer discusses 'ambitious' steel industry plans and increase in hate crime
Sir Keir Starmer, the leader of the Labour Party, spoke about his party's "ambitious plan" to not only take the British steel industry ahead, but also push towards the sustainable, green steel project.
Bloomberg
'Cautiously Optimistic' on China Fixed Income: Ninety One
Wilfred Wee, portfolio manager at Ninety One, discusses the state of the Chinese economy, the country's real estate debt crisis, and the implications for financial assets. China's main CSI 300 Index slid more than 4% last week, its worst...
Bloomberg
Powell Says Fed 'Proceeding Carefully' on Policy Path
Federal Reserve Chair Jerome Powell said, "given the uncertainties and risks, and how far we have come, the committee is proceeding carefully," as the US central bank considers the path of policy. Powell spoke Thursday to the Economic...
Bloomberg
Nobel Prize-Winning Economist Goldin on Gender Pay Gap
Claudia Goldin became the third woman to receive the Nobel Prize in economics as the US professor was awarded for her research into the factors that explain pay gaps between men and women. Goldin discusses her research with Scarlet Fu...
Bloomberg
Core CPI Up for Second Month, Jobless Claims Unchanged
The core CPI increased 0.3% last month as initial jobless claims remained unchanged at 209,000. Mike McKee reports on "Bloomberg Surveillance."
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Press Association
What went wrong at Wilko?
As Wilko's last high street shops shut for good this weekend after the retailer's financial troubles became insurmountable, let's take a look at the chain of events leading to this point. The high street chain fell into administration in...
Press Association
Taoiseach says budget will include smaller one-off measures to support households with cost of living
The Taoiseach said the budget would include one-off measures to support households with the cost of living, but these they would not be at the same scale as in earlier budgets.
Bloomberg
Markets Don't Seem Worried About Shutdown, Slok Says
Torsten Slok, Apollo Global Management chief economist, says markets don't seem too worried about a government shutdown. But he says a prolonged shutdown could have ripple effects on the economy. He's on "Bloomberg Markets."
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Bloomberg
Civil Rights Agency Sues Tesla for Discrimination
Tesla Inc. was sued by the US Equal Employment Opportunity Commission, which alleges it created a hostile work environment for racial minorities at its California factory. Both parties engaged in mandatory mediation but didn't resolve...
Bloomberg
Federal Reserve May Cut Interest Rates in 4Q 2024, Lockhart Says
Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, discusses monetary policy and the outlook for the economy. The Fed on Wednesday left its key rate unchanged while signaling borrowing costs will likely stay higher...
Bloomberg
UAW Strike: Equity Investors Beware
Lawrence H. Summers, Former US Treasury Secretary and Bono share an unlikely friendship and join forces for a second time to help bring awareness to advocate for debt relief for developing economies.
Press Association
Footage of Port Talbot steelworks as thousands of job losses feared in £500 million Government deal with Tata
Footage of Tata Steel's plant at Port Talbot, south Wales, as ministers have reportedly agreed a £500 million package with Tata Steel to support plans to decarbonise two blast furnaces. Unions have warned thousands of jobs could be lost...
Press Association
Thousands of jobs at risk at Port Talbot steelworks despite £500m state aid
The Government will pump up to £500 million into Britain’s biggest steelworks as part of plans to produce “greener” steel which could also hit thousands of jobs, sources have said. Tata, the Indian conglomerate which owns the Port Talbot...
Bloomberg
US Producer Prices, Retail Sales and Jobless Claims Rise
The producer price index for final demand increased by 0.7% from a month earlier, according to the Bureau of Labor Statistics. The value of total retail purchases increased 0.6% from July following a downward revision to the prior...
Press Association
Wilko shuts first stores as administration unfolds
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...
Press Association
Wilko shuts first stores as administration unfolds
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...
Press Association
All 400 Wilko stores to close by early October, says union
All of Wilko’s 400 stores are set to close by early October, the GMB union has said. It means redundancies now look likely for all 12,500 staff at the high street chain. The GMB union, which represents more than 3,000 Wilko staff,...
Press Association
Wilko rescue hopes fade as talks with HMV owner collapse
A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed, intensifying fears over the future of thousands of jobs. Administrators for the high street chain had been in discussions with Doug...