Lawmakers Sound Alarm over BoE's Role in Government Policy and Call for Urgent Reforms
A damning analysis by senior U.K. officials claims that the Bank of England's present mandate puts it at danger of being entangled with larger government policy goals and compromises its ability to concentrate on bringing down inflation.
Nov 28, 2023 2:40 AM EST
UK Prime Minister Sunak Unveils $37 Billion Investment Drive to Woo Global Investors
Prime Minister Rishi Sunak hosted global CEOs after announcing 29.5 billion pounds ($36.76 billion) in private sector investments in the nation.
UK's Electric Car Revolution Gets a Boost as Nissan Invests £2 Billion
Nissan and its partners have revealed their £2 billion plan to use its Sunderland facility to produce three different electric car models.
Israel-Hamas Conflict Pushes Gaza's Economy Decades Back, Leaving a Trail of Ruin
The already weak economy of war-torn Gaza is in ruins, much like its structures, after Israel bombed the region for more than a month after Hamas terrorists assaulted the nation in October.
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Lloyd’s of London Consults Members on How To Insure the Low-Carbon Transition
According to Lloyd's of London, member businesses are now able to provide input on how to insure the low-carbon transition in the areas of underwriting, investments, exposure management, capital and reserving throughout the course of the next three years.
Nov 24, 2023 6:42 AM EST
UK Government Turns Blind Eye to Workers' Plight, Tax Cuts Exacerbate Financial Hardship
The National Insurance tax on workers will be significantly reduced, as stated by U.K. Finance Minister Jeremy Hunt on Wednesday.
Nov 23, 2023 7:13 PM EST
UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market
A report commissioned by the government on Wednesday stated that Britain needed a "digital alternative" to depending on Visa and Mastercard for card payments.
Nov 23, 2023 5:07 AM EST
Temasek Issues Alert Over Imposter Agents in China Shilling Bogus Investments
Temasek Holdings, a Singaporean company, issued a warning about potential scams involving the sale of financial instruments or goods to naïve people under the guise of the company's Shenzhen, China, office.
Nov 22, 2023 5:16 PM EST
McDonald's Deepens China Commitment with Carlyle Deal, Boosting Minority Stake
McDonald's is acquiring Carlyle's interest in its China operations, boosting its minority ownership from 20 percent to 48 percent.
Nov 21, 2023 7:40 AM EST
SMBC Places Massive Order for 60 Airbus A320neo Planes
The second-largest aircraft leasing company in the world, SMBC Aviation Capital, said on Tuesday that it has placed an order for 60 Airbus A320neo family aircraft, without providing any financial information about the transaction.
Nov 21, 2023 7:00 AM EST
El Nino's Sweet Revenge: Sugar Prices Soar as Crops Wither
The world's sugar prices are at their highest point since 2011, mostly as a result of reduced global supply following extremely dry weather that harmed harvests in Thailand and India, the second and third-largest sugar producers.
Nov 19, 2023 8:18 PM EST
US Funds Shift Focus Away from China, Offloading Alibaba, Apple
Major U.S. funds are taking a more defensive stance in the face of uncertainty in the second-largest economy in the world by cutting holdings that expose them to China and concentrating more on American technology companies.
Nov 17, 2023 11:10 AM EST
EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards
The EU's banking watchdog warned on Friday that banks would face challenges from regulators for their improper use of an accounting regulation.
Nov 17, 2023 10:30 AM EST
Terrapay-Maya Partnership: Filipinos Gain Easier Access to Global Money Transfers
TerraPay and Maya announce a groundbreaking international alliance during the Singapore Fintech Festival, improving accessibility, convenience, and security of international remittances for Filipinos everywhere.
Nov 15, 2023 8:10 AM EST
Japan's Economy Shrinks for the 3rd Quarter This Year as Exports Plummet
Japan's economy shrank from July to September, ending two-quarters of growth fueled by exports and tepid consumption.
Nov 15, 2023 6:34 AM EST
New Report Finds China's Development Banks Are Lagging Behind on Green Energy Finance
China's promise to stop financing coal from abroad has not yet resulted in more money going into renewable projects.
Nov 14, 2023 6:16 PM EST
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