News And Announcements
UK house price growth slows to 14-year low in December
UK house price growth decelerated at pace in December, according to lender Nationwide, with prices delivering their worst performance since the Global Financial Crisis.
Japan, Taiwan to test China arrivals as Covid cases surge
The Japan and Taiwan have announced measures on Wednesday to deal with an expected influx of travellers from China after Beijing said it planned to relax Covid border controls amid a surge of cases in that country.
UK retail footfall surges on Boxing Day
UK retail footfall surged 33. 8% on Boxing Day, with high streets and central London leading the charge.
Core inflation reaches four-decade high in Japan
Fresh data out of Japan showed core consumer prices rising at their fastest rate in more than 40 years on Friday, in an economy notorious for its usual lack of inflationary pressure.
Rail fares to rise by nearly 6% in March
Rail fares are set to rise by 5. 9% next year in what will be the biggest increase in a decade.
UK economy contracts more than first estimated in Q3
The UK economy contracted more than first estimated in the three months to September as household incomes fell, according to figures released on Thursday by the Office for National Statistics.
UK housing market falters as demand tumbles
House prices continued to rise in November, an industry survey showed on Thursday, but demand tumbled as nervous buyers put purchases on hold.
Retail sales pick up in December but cheer not expected to last
UK retail sales unexpectedly picked up in the run-up to Christmas, according to the latest Distributive Trades Survey from the Confederation of British Industry.
Government borrowing hits record high
Public sector borrowing more than doubled in November, official data showed on Wednesday, fuelled by government intervention on soaring energy bills and cost of living payments.
German consumer sentiment set to improve - GfK
German consumer sentiment is set to improve in January, thanks in part to the government’s energy relief packages, according to a survey released on Wednesday by market research group GfK.
Train drivers to stage another strike in January
Train drivers announced another one-day strike on Tuesday, set down for 5 January, after members at 15 train operators voted for more walk-outs in a long-running dispute over pay.
House prices set to fall by 5% next year - Nationwide
House prices are likely to fall by 5% next year, Nationwide forecast on Tuesday, as borrowers face higher interest rates and a squeeze on earnings.
PBoC holds loan prime rate steady
The People’s Bank of China kept its benchmark interest rates on hold for the fourth month in a row on Tuesday, in line with expectations.
Bank of Japan shocks markets with policy tweak
The Bank of Japan shocked markets on Tuesday as it held its benchmark interest rates steady but said it was widening its yield target range.
UK manufacturing output falls in December - CBI
Output in the UK manufacturing sector fell in December amid rising inflation, according to the Confederation of British Industry’s Industrial Trends survey released on Monday.
Ides of March for UK as Hunt sets Spring Budget date
UK Finance Minister Jeremy Hunt will set out a spring budget on March 15 2023, the Treasury said on Monday amid a cost-of-living crisis and rising anger over depressed public sector wages.
Retailers brace for tough Christmas as strikes hit footfall
Retailers looked set for a subdued Christmas on Monday, after rail strikes and the cold weather deterred already hard-pressed shoppers.
German business sentiment improves 'considerably' - Ifo
German business sentiment improved "considerably" in December, according to a survey released on Monday by the Ifo Institute.
UK facing 'shallow but protracted' recession - KPMG
The UK is facing a lengthy recession, KPMG warned on Monday, as high inflation and rising interest rates continue to squeeze incomes throughout 2023.
Mazars quits work with crypto firms including Binance
Paris-based global auditor Mazars has suspended all of its work with cryptocurrency firms, it was reported on Friday, as the fallout from the collapse of FTX continued.