kalyeena-makortoff
Mild recession forecast in UK, as trade deals with Australia and New Zealand worry farmers – as it happened
Higher borrowing costs and tighter lending will slow global growth sharply this year, Moody’s warns
Graeme Wearden
31, May, 2023 @3:12 PM
Nvidia becomes world’s first chipmaker worth more than $1tn – as it happened
The AI boom is driving demand for chips from manufacturers like Nvidia, which has seen its share price soar
Kalyeena Makortoff
30, May, 2023 @2:48 PM
Jeremy Hunt backs interest rate hikes even if they cause recession; UK retail sales jump – as it happened
Chancellor says “only path to sustainable growth” is to bring down high prices behind cost of living crisis, as mortgage rates climb
Graeme Wearden
26, May, 2023 @3:55 PM
Hunt will back more interest rate rises even if they push UK to recession
Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’
Kalyeena Makortoff
26, May, 2023 @9:22 AM
German economy in recession after high prices take toll
Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%
Kalyeena Makortoff, and Kate Connolly in Berlin
25, May, 2023 @4:21 PM
Jeremy Hunt doesn’t rule out further energy bill support, after Ofgem lowers price cap; UK borrowing costs climb – as it happened
The average household energy bill will fall by £426 a year from July after Ofgem dropped its price cap following tumbling wholesale prices.
Graeme Wearden
25, May, 2023 @2:14 PM
Starling Bank founder steps down as CEO to avoid potential conflict of interest
Anne Boden is also a major shareholder and hopes move will shield online bank from possible concerns
Kalyeena Makortoff Banking correspondent
25, May, 2023 @10:45 AM
Cineworld looks for fresh start amid plan to exit US bankruptcy in July
World’s second-largest cinema chain filed for protection to restructure debts but further backing has now been secured
Kalyeena Makortoff
25, May, 2023 @8:57 AM
UK students pledge ‘career boycott’ of insurers over fossil fuels
Hundreds of students and graduates vow not to work for ‘climate wreckers that insure those responsible for the climate crisis’
Kalyeena Makortoff Banking correspondent
24, May, 2023 @5:00 AM
Global watchdog calls for UK to regulate crypto in same way as stocks and bonds
Iosco recommendation runs counter to MPs’ stance that cryptocurrency trading should be treated as form of gambling
Kalyeena Makortoff Banking correspondent
23, May, 2023 @2:43 PM
UK government sells £1.26bn of NatWest shares, taking stake below 40%
State bailed out lender, formerly known as RBS Group, in near-£46bn deal during 2008 financial crisis
Mark Sweney and Kalyeena Makortoff
22, May, 2023 @11:32 AM
Tesco chair steps down after allegations of inappropriate behaviour; Rishi Sunak and Akshata Murty lost £200m in a year – as it happened
John Allan to stand down after allegations of inappropriate behaviour, while latest Sunday Times rich list shows first fall in the number of billionaires since financial crisis
Graeme Wearden
19, May, 2023 @3:26 PM
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