BoE defends itself against planned Truss review LONDON: The Bank of England on Wednesday defended itself against accusations of being too slow to tackle sky-high... Published 08 Sep, 2022 05:43am
Business & Finance Sterling edges lower LONDON: Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single... Published 31 Aug, 2022 05:50am
Markets Fed’s Powell to hammer home inflation-fighting message WASHINGTON: With US inflation at a 40-year high, economists say there is no doubt about the Federal Reserve’s policy... Published 26 Aug, 2022 10:48am
Business & Finance Sterling rises 0.5pc LONDON: Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low... Published 26 Aug, 2022 05:35am
World UK leadership hopeful Truss downplays prospect of recession LONDON: Tory leadership favourite Liz Truss downplayed Sunday the prospect of a UK recession, while the man tipped... Published 21 Aug, 2022 10:45am
Opinion UK slips towards recession, heaping pressure on next PM to help Britain’s slide towards a recession has gathered momentum after data this week showed inflation jumping above 10%,... Published 21 Aug, 2022 05:16am
Business & Finance Sterling struggles as inflation outlook sours mood LONDON: The British pound weakened against the dollar on Thursday after policy minutes from the Federal Reserve... Published 19 Aug, 2022 05:57am
Sports South Africa keen to wreck England’s ‘Bazball’ party LONDON: South Africa captain Dean Elgar says he does not fear “Bazball” as the Proteas seek to inflict England’s... Published 16 Aug, 2022 09:48am
Business & Finance UK economy closes in on recession LONDON: Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards... Published 12 Aug, 2022 01:56pm
World UK’s Johnson to leave ‘major’ fiscal decisions to next PM LONDON: Prime Minister Boris Johnson will not make “major fiscal interventions” before leaving office next month,... Published 08 Aug, 2022 08:06pm
Business & Finance Sterling slammed as BoE delivers big rate hike but warns of long recession LONDON: Sterling fell on Thursday after the Bank of England raised interest rates by the most in 27 years as it ... Published 05 Aug, 2022 06:27am
Business & Finance BoE raises rates by most since 1995 even as long recession looms LONDON: The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long... Published 05 Aug, 2022 06:27am
Business & Finance Sterling loses steam LONDON: The British pound weakened against the dollar on Tuesday as traders turned to safe-haven currencies amid... Published 03 Aug, 2022 04:55am
Markets FTSE 100 closes down as oil stocks drop, sterling gains LONDON: A slump in oil stocks and rally in sterling weighed on Britain’s top share index on Monday, as investors... Published 02 Aug, 2022 05:36am
Business & Finance Sterling hits one-month high LONDON: Sterling rallied on Monday against the euro and the dollar as an upbeat mood on broader financial markets... Published 02 Aug, 2022 05:36am
Business & Finance Sterling 3-month high vs euro, falls against dollar LONDON: Sterling rallied to a new three-month high versus the euro as traders dumped the single currency on concerns... Published 29 Jul, 2022 06:14am
Business & Finance Sterling firm but held back by weak data, Fed LONDON: The British pound edged higher on Wednesday thanks to a broadly sturdy dollar but gains were capped by a... Published 28 Jul, 2022 04:41am
Business & Finance Ukraine aims for $15-20bn IMF loan by year-end LONDON: Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before... Published 27 Jul, 2022 01:11pm
Business & Finance BoE torn over whether to join big rate hike club LONDON: The Bank of England must decide next week whether to join the ranks of central banks rushing out their... Published 26 Jul, 2022 04:31am
Business & Finance Beazley reports profit plunge, raises outlook on booming cyber business LONDON: Lloyd’s of London insurer Beazley on Friday reported first-half profits fell on hits to its investment... Published 25 Jul, 2022 06:12am
Business & Finance Sterling shrugs off UK inflation surge LONDON: Sterling steadied against the US dollar and euro on Wednesday after data showed British inflation climbed to... Published 21 Jul, 2022 05:40am
World UK inflation hits 9.4%, bolstering bets on big BoE rate hike LONDON: Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, ... Published 20 Jul, 2022 11:30pm
World UK will seize ‘benefits of Brexit’: finance minister LONDON: Britain’s new finance minister on Tuesday set out how Britain would seize the “benefits of Brexit” by... Published 20 Jul, 2022 09:58am
Business & Finance BoE may reduce gilts by 50-100bn pounds over a year: Bailey LONDON: Bank of England Governor Andrew Bailey said the central bank was considering reducing its British government... Published 20 Jul, 2022 05:48am
Markets UK stocks slide over 1pc LONDON: British stocks fell on Thursday as investors worried about the prospect of a more aggressive stance by major... Published 15 Jul, 2022 06:20am
Business & Finance Pound tumbles to lowest since March 2020 LONDON: Sterling fell on Thursday and briefly hit its weakest since March 2020 below $1.18 as another bout of risk... Published 15 Jul, 2022 06:20am
Markets FTSE 100 falls as UK’s surprise growth fails to ease recession fears LONDON: UK’s blue-chip FTSE 100 fell on Wednesday after hotter-than-expected US inflation data slammed global... Published 14 Jul, 2022 05:00am
Markets UK think tank calls for global digital currency rules LONDON: Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up... Published 08 Jul, 2022 05:20pm
Business & Finance Sterling enjoys a small lift as Boris Johnson quits LONDON: Sterling held on to its gains on Thursday after Boris Johnson said he was quitting as prime minister... Published 08 Jul, 2022 05:36am
World What next for UK economy as Boris Johnson quits? LONDON: The resignation of Prime Minister Boris Johnson deepens the uncertainty hanging over Britain’s economy,... Published 07 Jul, 2022 05:21pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees