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UK Experiences Sluggish Recovery From Bank Holiday Slump

The UK economy embarked on a slower-than-expected recovery following the extra bank holiday in June with construction and other industrial production slowing down by 0.8% and 0.3% respectively. The Office for National Statistics reported on Monday that the 0.2% economic growth leading up to Queen Elizabeth II's Platinum Jubilee...

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UK Must Insulate Homes to Curb Energy Crisis, Experts Warn

Research from the Institute for Government (IfG) found that the United Kingdom scores worse than countries across Europe in...

Japan Government and Automakers to Discuss Industry Future

The Japanese government is aiming to meet with automakers to discuss the future of the country's automotive industry as...

Mortgage Rates Close in on 14-Year Record

The rate on the 30-year fixed mortgage rose from 5.66% to 5.89% this week; a staggering 2.5 percentage points...

Porsche Aims to Be Ready for IPO “As Soon as Possible”, Finance Chief Confirms

In a talk with Italian daily Il Sole 24 Ore, Porsche finance chief Lutz Meschke confirmed that Porsche AG...

Germany Prepares for Russia Gas Halt

German chancellor Olaf Scholz stated on Saturday that Germany is preparing for the situation where Russia decided to halt...

Cathay Pacific to Boost Capacity as Quarantine Rule Lifted

Hong Kong flagship airline Cathay Pacific confirmed that it is looking to gradually increase its flying capacity in the...

Bolt Scraps $1.5 Billion Purchase of Crypto Company Wyre

Bolt Financial Inc announced on Friday its decision to call off the $1.5 billion acquisition of cryptocurrency infrastructure provider...

EU Energy Ministers Attend Emergency Meeting Over Energy Crisis

European Union energy ministers met during an emergency meeting on Friday in an effort to discuss mechanisms to shield...

Goldman Sachs Forecasts Decline in Home Prices in 39% of U.S. Cities Next Year

With the U.S. housing market cooling down this year following mortgage rate hikes and record home appreciation, economists at...

T-Mobile to Sell Wireline Business to Cogent in Billion Dollar Deal

T-Mobile US Inc announced on Wednesday its intention to offload its wireline business to Cogent Communications Holdings Inc. While...

United Airlines Improves Costs During Third Quarter

United Airlines Holdings Inc stated in a regulatory filing on Wednesday that it has seen "improving operational reliability" over...

Oil Rally Fizzles Out as Chinese Economic Concerns Linger

Oil's post-OPEC+ meeting rally came to an end on Tuesday as investors' concerns over Chinese factory lockdowns take center...