• Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likelyInterest rates rise again but Bank of England hints at a brighter futureThe Bank of England raised interest rates for a tenth consecutive time on Thursday from 3.5% to 4%, but said inflation may have peaked […]
  • Sunak government under pressure after gas prices fuel ‘outrageous’ doubling of profits at Anglo-Dutch groupShell’s spending on renewables ‘a fraction of what it claims’Nearly 14,000 Nigerians sue over pollution impactThe government is under pressure to rethink its windfall tax on energy companies after Shell reported one of the largest profits in UK corporate history, with […]
  • Private equity firms managing millions of Americans’ retirement savings may be inflating their investmentsAs public officials across America prepare to funnel even more of government workers’ savings to private equity moguls, an alarm just sounded for anyone bothering to listen. It is a warning that Wall Street executives, busy skimming fees off retirement nest eggs, […]
  • Parent company of Facebook and Instagram reports $32bn in revenue for fourth quarter, prompting rise in stock priceMeta investors got some good news in the social media company’s latest earnings report on Wednesday, which showed a smaller drop in revenues than analysts had expected.Meta, which also owns Instagram and Whatsapp, reported $32bn in revenue for […]
  • Quarter-point increase to a range of 4.5% to 4.75% signals a slowdown in Fed’s fight against soaring inflationThe US Federal Reserve signaled a slowdown in its fight against soaring inflation on Wednesday, announcing its smallest hike in interest rates in almost a year.After its latest meeting, the Fed announced a quarter-point increase in its benchmark […]