At an indoor market in Sheffield, UK, a shopper is seen browsing through fruit and vegetables. The OECD recently made a prediction that the UK will have the highest inflation rate among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The inflation rate in the UK for May exceeded expectations, with consumer …
A pedestrian navigates heavy rain near the Bank of England in May 2023. Photograph by Dan Kitwood | Getty Images News | Getty Images The U.K. economy experienced a slight growth of 0.1% in the first quarter, following an unexpected contraction in March, according to official figures released on Friday. Economists surveyed by Reuters had …
Silvio Berlusconi, the prominent billionaire media mogul who served as Italian prime minister on multiple occasions, has passed away at the age of 86. The news of his death was reported by local media, although CNBC has not yet been able to independently verify these reports. Berlusconi had been dealing with various serious health issues, …
Maxar satellite imagery BEFORE the damage to the Nova Kakhovka Dam in Ukraine. Please use: Satellite image (c) 2023 Maxar Technologies. Maxar Technologies | Getty Images An international team of investigators released a new report on Thursday, stating that the destruction of the Kakhovka dam in southern Ukraine was most likely a deliberate act carried …
EU Commissioner for A Europe Fit for the Digital Age – Executive Vice President Margrethe Vestager held a virtual press briefing at the EU Commission headquarters on November 26, 2020, in Brussels, Belgium. During the briefing, Vestager addressed the European Union’s charges against Google for breaching antitrust rules in advertising technology, specifically in adtech. The …
The iconic U.K. Treasury building. Photo by Matthew Lloyd | Bloomberg | Getty Images LONDON — The yield on short-dated U.K. government bonds, a key indicator of borrowing costs, has risen to levels not seen since the “mini-budget” turmoil that destabilized the market. This surge came after labor market data revealed an increase in wage …
UBS has announced the completion of its acquisition of Credit Suisse, creating a $1.6 trillion Swiss banking powerhouse. In an open letter, UBS board chair Colm Kelleher and CEO Sergio Ermotti said that the combination of both banks’ expertise, scale, and wealth management capabilities will result in an even stronger firm. While acknowledging that challenges …