Business and Economics
Business and Economics News
‘Big Short’ investor has found his next target
After shorting regional malls, Daniel McNamara has moved onto something else.
Queen’s funeral may tip UK into recession
Business closures coupled with subdued consumer spending could put the UK on course for negative growth in the third quarter.
Ads encouraging British firms to relocate spotted at Eurostar terminals
Forget Brexit, UK businesses are now being offered 'Fix It' - in Belgium.
Britain at risk of a sterling crisis
There is "no evidence at all that (Liz) Truss and (Kwasi) Kwarteng understand the gravity of the situation".
Trussonomics is based on the falacy that tax cuts for the rich boost growth
A report published in January found the effects of lowering tax has an economic effect that is "statistically indistinguishable from zero”.
Billionaire fashion ower gives company away to ‘Earth’ as rocketman Bezos sees Amazon workers vote on strike
"This is so incredible. It also puts Jeff Bezos and Elon Musk's billionaire pursuits in sharp perspective."
UK economy sees ‘feeble’ rebound in July as Bank of England could be forced to hike interest rates
"More concerning, July’s GDP remains below the level seen in May, pointing to an overall contraction over the first two months of summer."
Britain now the sixth largest economy as pound/ dollar parity approaches
Good luck turning this around, Liz Truss!
Manufacturing sector shrinks as recession looms – Ports and Brexit complications made matters worse
The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020,