U.K. Finance Minister Jeremy Hunt issued a warning on his nation’s persistently high inflation rate.Story Published at: May 12, 2023 at 10:39AM
‘Still a long way to go’: UK finance minister warns inflation remains far too high
Bitcoin falls to lowest level since March as thin liquidity, regulatory pressure hits crypto markets
Crypto markets face a number of issues including low liquidity, a crackdown on the industry from regulators in the U.S. and macroeconomic headwinds. Story Published at: May 12, 2023 at 10:48AM
SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record loss
SoftBank’s Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31. Story Published at: May 12, 2023 at 09:09AM
As Turkey heads to the polls, currency traders are bracing for absolute chaos
Turkey is holding both its presidential and parliamentary elections on Sunday. Story Published at: May 12, 2023 at 08:03AM
UK economy grows by 0.1% in the first quarter but inflation continues to weigh
U.K. gross domestic product figures for March showed a 0.1% growth. Story Published at: May 12, 2023 at 07:12AM
Russian diamonds could soon be sanctioned — potentially disrupting the global jewelry market
The seven most advanced economies in the world, the G-7, are discussing imposing sanctions on Russian diamond exports — a complicated measure that could potentially hike prices for the luxury commodity.Story Published at: May 12, 2023 at 06:21AM
Can the UK afford to host Ukraine’s Eurovision? It can’t afford not to
This year’s edition is “a rekindling of a British love affair with Eurovision and of British relations with Europe,” one analyst says.Story Published at: May 12, 2023 at 06:23AM
In major milestone, wind power was Britain’s largest source of electricity in the first quarter
The U.K. is home to a mature offshore wind sector that looks set to expand in the coming years.Story Published at: May 12, 2023 at 06:24AM
Thailand election: Campaign freebies may be a ‘band-aid solution’ with fiscal risks
Most political parties are focusing their campaigns on subsidies and tax exemptions — populist pledges economists fear will derail Thailand’s fiscal balance.Story Published at: May 09, 2023 at 03:00AM
How to explore Greece’s lesser-known islands like a local
Many tourists go to the same places in Greece. Now the country is investing money to highlight other places that are just as beautiful, but less crowded. Story Published at: May 12, 2023 at 02:18AM