(Bloomberg) — Europe’s beaten-down luxury stocks have turned a corner the past two months, increasing the stakes for the earnings the companies are about to announce. Most Read from Bloomberg Speculation that China’s economic stimulus will lead to higher spending, and that Donald Trump will manage to boost US growth, has lifted a Goldman Sachs … Read more
City economists had forecast inflation would remain unchanged.Photograph: Matthew Horwood/Getty Images UK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in financial markets. With the government under pressure on the economy, figures from the Office for National Statistics showed the consumer prices index eased … Read more
(Bloomberg) — The exchange rate matters for the euro-area economy over time, though monthly movements in currency are typically absorbed by companies, European Central Bank Chief Economist Philip Lane said. Most Read from Bloomberg “Euro-dollar movements over time — of course if it’s permanent — will filter through to prices in Europe,” he said at … Read more
child on sofa The cost of supporting schoolchildren with special needs such as autism and ADHD risks pushing almost half of all English councils into bankruptcy by 2026, MPs have warned. The Public Accounts Committee (PAC) said Rachel Reeves was facing a £5bn black hole in the public finances as it warned of a “lost … Read more
BEIJING (Reuters) – Chinese social media app RedNote has been thrust into the limelight after more than half a million TikTok users recently joined the platform in protest against a likely imminent ban on the short video app in the United States. Known by its Chinese name “Xiaohongshu” in China, the platform is a popular … Read more
-Credit:KERSTIN JOENSSON/AFP via Getty Images Until Jurgen Klopp explained it himself, no one outside of the Red Bull group was that sure exactly what his role was. Seven months after leaving Liverpool, though, all has become clear. “I’ve always said I love what I do, but in the moment I realized I’m not the right … Read more
supermarket Rachel Reeves’s Budget tax raid will result in fewer workers across the retail sector, sparking fears that customers will receive worse customer service. As well as warning of price rises following the Budget, the British Retail Consortium (BRC) has said employers are also preparing to cut back on staffing to cover the cost of … Read more
TAIPEI (Reuters) – Taiwan’s exclusion from the new U.S. curbs on artificial intelligence (AI) chip and technology exports should “give confidence” about Taipei’s own controls and respect for the law, the island’s government said on Wednesday. The U.S. said on Monday it would further restrict AI exports, as it attempts to keep advanced computing power … Read more
A man attempted to murder his former partner by trying to throw her down a well on the grounds of his family estate, a court has heard. Douglas Clifton Brown – an Old Etonian from a distinguished family which includes eight former parliamentarians including a current Tory MP – is said to have attacked Camilla Welby after they … Read more
Barclays has alerted customers to be on the lookout for a letter regarding account changes after a disgruntled customer reached out over social media. The customer expressed their frustration, stating: “Despite never exceeding our overdraft limit, never being persistently overdrawn, today you significantly reduce our overdraft limit.” They highlighted the timing as particularly harsh, adding: … Read more