Bank of England ups rates
LONDON — The Bank of England increased the key interest rate by 0.25 percent to 0.5 percent on Thursday, the first time since 2004 that it has implemented consecutive rate hikes. Of the …
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EU launches WTO case against China over Lithuania mistreatment
The European Union on Thursday announced it had lodged a complaint with the World Trade Organization (WTO) over China’s behavior toward EU member state Lithuania, a move Beijing has dismissed as …
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The Great Resignation has morphed into the Great Sabbatical
Early last year, after winding down a long-term work contract in Hong Kong and relocating to England, for the first time in 20 years, I found myself with plenty of …
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IMF warns China’s property stress poses spillover risk
A funding crisis battering China’s big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully …
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Report: ‘Throwaway global economy’ is fuelling climate change
The ‘throwaway global economy’ is fuelling climate change, according to a new report from Circle Economy, showing more than half a trillion tonnes of virgin materials have been consumed since the 2015 …
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Economic benefits of Premier League confirmed by report
A new study by EY highlights how the Premier League and its clubs have continued to generate widespread benefits for the economy, society and the entire football pyramid, despite the …
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GM’s chief economist says U.S. inflation problems will improve
General Motors’ chief economist said Thursday that she believes the country’s inflation problems are only temporary and mostly the result of supply-chain bottlenecks — not last year’s stimulus checks — and that …
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Inside the UK’s longest gig-economy strike in history
n Sheffield, food delivery drivers are fighting back against one of the giants of the gig economy. On the 6 December 2021, Stuart Delivery – who are contracted to provide …
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18,000 people have been fined for doing what Boris Johnson did
Police in England and Wales have fined more than 18,000 people for meeting outside during the pandemic – a crime for which Boris Johnson has repeatedly escaped punishment. Black, Asian …
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Survey says billionaires ‘should pay for climate action’
Wealthy individuals must pay higher taxes to cover the costs of mitigating and adapting to climate breakdown, according to 70 percent of the public as revealed in a survey of …
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