The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added ...
A senior Bank of England policymaker has warned the central bank could be forced to keep raising interest rates to prevent high levels of inflation from becoming entrenched in the economy. Catherine Mann, an independent economist on the Bank’s rate-setting ...
SEOUL — South Korea’s Kakao Corp said on Tuesday it will acquire a 9.05% stake in SM Entertainment, an entertainment agency behind K-pop acts including NCT and Aespa, in a deal worth 217.2 billion won ($172.8 million). The move will ...
WASHINGTON – Many airlines will be unable to meet looming US deadlines to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference, the world’s biggest airline trade body warned authorities, saying it could impact the summer international travel season. In a letter to the Federal Aviation Administration ...
WASHINGTON – Boeing Co. expects to cut about 2,000 white–collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US airplane maker confirmed Monday. Last month, the Arlington, Virginia-based company announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022, but said some support positions would be cut. The ...
The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified. NYSE members had submitted compensation claims for losses, and the exchange could potentially ...
Bed Bath & Beyond Inc. said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy. The home goods retailer said in securities filings that if it can’t complete the complex transaction, it ...
The “True” Money Supply (TMS), developed by Professor Murray Rothbard and myself,1 is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in ...
High energy costs and an eroding automotive supply chain in Britain are making Nissan Sunderland, the country’s largest car plant, uncompetitive, the carmaker has admitted. Speaking at the formal unveiling of a reborn alliance between the Japanese company and its ...
Rishi Sunak is poised to mount a mini-reshuffle as he appoints a Conservative Party chairman. The prime minister is expected to confirm Nadhim Zahawi’s successor tomorrow after the former chairman was sacked over his tax affairs. Dominic Raab, the deputy ...