Similar Posts
Lindsey Oil Refinery to lose 125 jobs, official receiver says
Posted onStuart HarrattEast Yorkshire and Lincolnshire BBC The Lindsey Oil Refinery went into administration in June Almost a third of the workers at the Lindsey Oil Refinery are to lose their jobs. The Insolvency Service said 125 employees would be made redundant at the end of October, with 255 people remaining at the site at North…
Davos: Trump looms large over biggest-ever World Economic Forum
Posted onFaisal IslamEconomics editor, Davos, Switzerland EPA-EFE/REX/Shutterstock Trump appeared at Davos remotely last year, just a few days after his inauguration Apart from the snow and the temperature Greenland does not have much in common with the Swiss alps. But the fight for the future of the island looms over the gathering of world leaders and…
Trump tariffs: The uncertainties facing businesses and consumers after tariff changes
Posted onUS economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
Iran war muddles expectations of likely Federal Reserve interest rate cuts
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have trimmed bets on the number of interest rate cuts this year as surging petrol prices and a softening jobs market complicate the Federal Reserve’s ability to boost the US economy while containing inflation….
Samsung profits jump 1,800% as AI chip sales soar
Posted onSouth Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips. The company forecast that it made 89.4tn won (£43.6bn; $58.4bn) between the start of April and the end of June, marking its third record quarterly operating profits in…
Construction sector shrinks at fastest pace since pandemic, survey suggests
Posted onEmer MoreauBusiness reporter Getty Images Construction in November was at its lowest level since the pandemic Activity in the UK’s construction sector shrank last month at the fastest pace since the pandemic, partly due to uncertainty ahead of the Budget, a closely watched survey has indicated. The research from S&P Global said November saw the…
