Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation
The rate hike is Turkey’s first since March 2021.
Ocado shares jump more than 30% on speculation of Amazon takeover
The report suggests that big technology players could be weighing up their options with regards to Ocado and picks out Amazon as a potentially interested party.
Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
The boycott of Bud Light is having a major effect on its sales, while the wave of anti-LGBTQ+ backlash is also affecting Target and Starbucks.
Swiss National Bank opts for smaller rate hike, but says more are likely
The 25-basis-point rate hike by the SNB is the fifth rise since it began moving rates out of negative territory, though it had opted for 50-basis-point rises.
Norway central bank raises rate to 15-year high, with more to come
Norway’s central bank raised its key policy rate by 50 basis points to 3.75% on Thursday in a bid to curb inflation.
Europe stocks down ahead of Bank of England rate decision; Ocado shares pop 42%
European markets fell on Thursday, with sentiment sour after U.S. Federal Reserve Chairman Jerome Powell forecast more rate hikes this year.
Musk picks Vegas for Zuckerberg ‘cage match’ challenge
Twitter owner and Tesla CEO Elon Musk seemingly picked Vegas for the location of a “cage match” after being challenged by Facebook co-founder Mark Zuckerberg.
China’s new EV subsidies might not be enough to bolster slowing growth
One of the few detailed stimulus plans Beijing has announced this year extends tax breaks for electric car purchases, according to documents released Wednesday.
Dreaming of life on a remote island? Ireland will pay you almost $100,000 to move to one
Ireland wants to entice people to its remote islands and refurbish properties there, promising cash to those who make the move.
Asia markets mixed even as Fed forecasts more rate hikes to deal with inflation
Asian markets are higher even after Powell’s comments, and will also see central bank decisions from the Philippines and Indonesia out today
