Breaking News: Economy
UK trade deals with India and Gulf nations are ‘the priority,’ business minister says
Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds leaves 10 Downing Street after attending the weekly Cabinet meeting in London, United Kingdom. Wiktor Szymanowicz | Future Publishing | Getty Images LONDON — The U.K.’s business minister said Monday that securing trade deals with India and Gulf nations […]
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Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
A Boeing worker waves a picket sign Tuesday, Sept. 24, 2024, as workers continue to strike outside the company’s factory in Renton, Wash. Lindsey Wasson | AP It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only […]
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Stocks making the biggest moves premarket: Flutter Entertainment, Boeing, SiriusXM, Caterpillar and more
Check out the companies making headlines before the bell. Crypto stocks – Stocks linked to cryptocurrencies rose as Bitcoin soared above $64,000 to start the week. Extending gains from the previous session, MicroStrategy and Mara Holdings — formerly Marathon Digital — each gained more than 5%, while Coinbase advanced more than 3%. Flutter Entertainment – […]
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European Central Bank set for third interest rate cut of the year in meeting this week
European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty Images The European Central Bank is on course to deliver its third interest rate cut […]
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International investors descend on London as Labour tries to woo new business to Britain
Stockcam | E+ | Getty Images LONDON — The U.K. Labour government is hoping to woo foreign capital to the country on Monday, as it hosts its inaugural International Investment Summit in London. Prime Minister Keir Starmer, Finance Minister Rachel Reeves and Business Minister Jonathan Reynolds will lead the one-day event at London’s Guildhall, which […]
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UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer’s center-left Labour Party was elected by a landslide on July 4, sweeping back to power after 14 years. But after weeks of stories about feuding, freebies and fiscal gloom, polls suggest Starmer’s personal approval rating has plummeted, and […]
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Lithuanians vote in parliamentary election with many looking for change despite a strong economy
Winter afternoon in Vilnius, Lithuania. Loop Images | Universal Images Group | Getty Images Lithuanians voted Sunday in the first round of parliamentary elections that could lead to the center-right governing coalition being replaced by the opposition Social Democrats and smaller center-left parties. Despite economic successes, strict COVID-19 measures and an influx of migrants have […]
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China’s consumer inflation cools in September, PPI deflation deepens
China’s consumer inflation rate fell in September, while producer price deflation deepened, even as Beijing rolls out more stimulus measures in a bid to revive flagging demand and shaky economic activity. The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National Bureau […]
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Trump to move fast on tariffs, says Wall Street firm, citing clients who met with ex-trade chief
Robert Lighthizer, former US trade representative, speaks during an event with former US President Donald Trump, not pictured, at Precision Components Group in York, Pennsylvania, US, on Monday, Aug. 19, 2024. Graeme Sloan | Bloomberg | Getty Images Donald Trump’s longtime trade adviser is apparently telling Wall Street money managers that if the Republican presidential nominee is reelected, he […]
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Turkey should continue tight, monetary policy until inflation at target, IMF says
Alexander Spatari | Moment | Getty Images The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation. The policy turnaround has reduced economic imbalances and revived confidence the IMF said on Saturday, adding that improved market sentiment caused foreign and […]
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