Nearly half of the companies supported by a state-owned fund would have gone bust in the pandemic without its support, a new report has found. The British Business Bank’s £1.14bn support to 1,190 firms helped 48 per cent stave off ...
BEIJING/HONG KONG — Chinese software developer Tang Huajun loves playing with his two-year-old in their apartment on the outskirts of Beijing but he said he is unlikely to have another child. Such decisions by countless people like Mr. Tang will ...
NUSA DUA, Indonesia — Indonesia, the Asian Development Bank (ADB), and a private power firm are teaming up to refinance and prematurely retire a coal-fired power plant, the first such project under a groundbreaking carbon emissions reduction program, they announced ...
HONG KONG — Macau casino operators, vying for a license in the world’s biggest gambling hub, are expected to invest a total of around 100 billion patacas ($12.4 billion) over the next 10 years, local broadcaster TDM reported. The seven ...
Rishi Sunak warned last night that Britain would be punished by the financial markets if he did not raise taxes and cut spending, as ministers announced they were curtailing support for energy bills from April. In a riposte to his ...
Nearly half of UK SMEs fear they will not be able to pay their energy bills once the Government’s support package ends next March, according to a new survey from the British Chambers of Commerce. A further four per cent believe they will not be ...
NASSAU, Bahamas — The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy ...
WASHINGTON — The global economic outlook is even gloomier than projected last month, the International Monetary Fund (IMF) said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening monetary ...
Financial markets hate higher interest rates and uncertainty above everything else. And now that the election is mostly past, the market is refocusing on the Federal Reserve, inflation and the future of interest rates. I don’t want to get into ...
The stock market has been like a volcano, simply waiting to erupt. The hawkish Fed and stubbornly-high inflation have wreaked havoc on stocks in 2022, but market participants have been awaiting good news on the interest rate front and I ...