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Tag: global economy
Virgin Media down leaving thousands of customers without internet connection
[ad_1] Virgin Orbit has filed for bankruptcy after a collapse in its share price following a failed rocket launch in January. The California-based business failed to secure the long-term funding…
Global factory activity weakens as demand falters
[ad_1] Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag…
BP and Shell jump as soaring oil prices unleash fresh inflation risk after Opec cuts – latest updates
[ad_1] Oil prices soared after oil producers’ unexpected cuts to crude output threatened to deliver a fresh jolt of inflation to the world’s markets. West Texas Intermediate (WTI) soared as…
French banks raided over tax fraud allegations
[ad_1] Shop price inflation reached a new high in March amid warnings that soaring food costs are yet to peak. Shop prices are now 8.9pc higher than they were a…
Virgin Orbit on brink of collapse as it sacks 85pc of staff
[ad_1] Richard Branson has injected £11m into Virgin Orbit after it failed to secure additional funding and announced it is laying off 675 staff. The satellite-launch company will cut about…
London close to being usurped as world’s leading financial centre
[ad_1] The City of London is at risk of losing its position as a leading financial centre as New York draws level in the latest global finance rankings. The report,…
UBS’s crisis-era chief executive returns to oversee Credit Suisse deal – latest updates
[ad_1] Countries with less strict environmental laws are expected to face taxes on their products sent to the UK under plans designed to protect British manufacturers. Grant Shapps, the energy…
Saudi National Bank chairman quits after triggering Credit Suisse turmoil – latest updates
[ad_1] A buyer has been found for Silicon Valley Bank, the troubled US regional lender which sparked global turmoil in the banking sector following its sudden collapse earlier this month.…
Pacific trade deal will mean Britain can never rejoin the EU
[ad_1] Accession would be a huge triumph for UK negotiators, and for the Prime Minister and Secretary of State for Business and International Trade in particular. It would mark the point…