News And Announcements
European regulator to probe Google-Facebook advertising deal
European regulators launched an investigation into Google and Facebook on Friday, to find whether their advertising services violate EU competition rules.
UK economy bounces back strongly in January
The UK economy bounced back strongly in January after taking a hit from the Omicron variant and Plan B restrictions, but the outlook was less upbeat.
Goldman Sachs to wind-down and exit Russia operations
Goldman Sachs became the first major Wall Street bank to pull out of Russia on Thursday, in response to the country’s violent and unprovoked invasion of Ukraine.
UK's Sunak faces spending dilemma amid living standards crisis - IFS
UK Finance Minister Rishi Sunak faces a choice between spending rises or allowing a massive slump in living standards as inflation, runaway energy prices and the war in Ukraine hit households, a respected think tank said on Thursday.
Ceasefire talks between Ukraine and Russia stall
Talks between Ukraine and Russia have failed to make progress, the Ukrainian foreign minister told reporters on Thursday.
Housing market upbeat despite cost of living squeeze
The UK housing market remained buoyant in February, industry research showed on Thursday, despite rising interest rates and the growing cost of living crisis.
UK household financial confidence tumbles
Confidence in household finances has plummeted to a near-decade low, research showed on Wednesday, as the growing cost of living crisis weighed heavily.
Grocery sales stabilise as challenges mount
UK grocery sales stabilised last month, industry research showed on Tuesday, as the sector continued to rebound from the worst of the pandemic.
German industrial output surges
German industrial production strengthened in January, official data showed on Tuesday, beating expectations.
EU mulling major bond sale to fund energy, defence - report
The European Union is poised to launch a major bond sale, it was reported on Tuesday, as it seeks to boost energy and defence spending following Russia’s invasion of Ukraine.
Retail sales continue to grow in February - BRC
UK retail sales continued to grow in February, industry research showed on Tuesday, as the easing of Covid-19 restrictions saw shoppers return to stores.
China's export growth slows
China’s exports slowed in the year to date, official data showed on Monday, although growth remains ahead of expectations.
Oil prices surge as US mulls Russian import ban
Crude prices closed in on all-time highs on Monday after the US confirmed it was considering curbing Russian oil imports.
German factory orders boosted by foreign demand
German factory orders rose more than expected in January, underpinned by foreign demand, according to figures released by Destatis on Monday.
UK house prices surge at fastest rate since 2007
UK house prices have risen at their fastest rate since 2007, mortgage lender Halifax said on Monday.
UK construction sector output grows at fastest pace in eight months
The UK construction sector grew at its fastest pace in eight months in February, rebounding from the recent Omicron hit, according to a survey released on Friday.
UK Feb car regs up 15% as SMMT calls for VAT cut on EV charge points
UK new car registrations rose by 15% year on year in February, reflecting the easing of Covid restrictions, as an industry body called on the government to cut VAT on electric vehicle charge points in the face of soaring energy prices.
Eurozone inflation rises faster than expected
Eurozone inflation increased faster than expected in February as rising energy costs spurred higher prices across the currency zone.
Eurozone growth surges as Covid restrictions ease
Business growth accelerated across the Eurozone in February, a closely-watched survey showed on Thursday, as Covid-19 restrictions eased.
UK services sector rebounds sharply as Omicron fades
The UK services sector rebounded in February, a closely-watched industry survey showed on Thursday, as the Omicron variant faded and output jumped.