Wednesday, June 29, 2022

Banking body BIS urges decisive wave of global rate hikes to stem inflation

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The world's central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised "quickly and decisively" to prevent the surge in...

Frontier raises offer for Spirit Airlines

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Placeholder while article actions loadFrontier Airlines on Friday added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated...

Cost of living: People cut back on food shopping as price rises bite

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Meanwhile, Tesco, the UK's largest supermarket, has said it is seeing early signs that shoppers are changing their habits due to high inflation - the rate at which...

Elon Musk calls Tesla electric car factories ‘gigantic money furnaces’

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Placeholder while article actions loadTesla CEO Elon Musk said his electric-car factories are “losing billions of dollars” as global supply-chain disruptions and challenges in battery manufacturing constrain the...

California Couple Gets Mega Rich Off Clif Bars

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Clif Bar & Company More than two decades after turning down a $120 million offer from Quaker Oats, Gary...

Elon Musk says 3 issues need to be resolved before Twitter deal closes

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In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background.Pavlo Gonchar | Lightrocket | Getty ImagesElon Musk...

Rail strike: Travellers face ‘misery’ in biggest walkout in 30 years

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Last-minute talks between unions and rail bosses continue, but Simon Clarke said industrial action was likely. Strikes are planned on most major lines on Tuesday, Thursday and Saturday. Source...

Federal Reserve interest rate hike opens new era for economy, markets

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Placeholder while article actions loadWhen the Federal Reserve raised interest rates this week by the largest amount since 1994, it did more than declare war on inflation.The U.S....

Japan ‘odd one out’ in pursuing vast bond-buying programme

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Japan is forging ahead with plans to buy up vast quantities of bonds in a bid to support the country’s economy, drawing a stark contrast to other major...

Tampon and baby formula shortage hit hard

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Placeholder while article actions loadFirst, Dana Marlowe noticed a drop-off in donations to her nonprofit, which distributes free menstrual products to women and girls.Then came a spike in...
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