‘Still a long way to go’: UK finance minister warns inflation remains far too high
U.K. Finance Minister Jeremy Hunt issued a warning on his nation’s persistently high inflation rate.
Bitcoin briefly falls below $26,000, posts worst week since November
Crypto markets face a number of issues including low liquidity, a crackdown on the industry from regulators in the U.S. and macroeconomic headwinds.
SoftBank shares drop after its Vision Fund tech investment unit posts a $32 billion record loss
SoftBank’s Vision Fund segment lost a record 4.3 trillion Japanese yen ($32 billion) for its fiscal year ending Mar. 31.
UBS CEO Ermotti: Credit Suisse no longer seeing outflows, situation has stabilized
UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing.
SocGen beats estimates as bond trading offsets retail banking slump
French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business.
As Turkey heads to the polls, currency traders are bracing for absolute chaos
Turkey is holding both its presidential and parliamentary elections on Sunday.
UK economy grows by 0.1% in the first quarter but inflation continues to weigh
U.K. gross domestic product figures for March showed a 0.1% growth.
Netflix’s $2.5 billion investment in Korean content appeals to audiences worldwide
By expanding its slate of Korean series, films and non-fiction shows, Netflix aims to increase the success that Korean content has found with global audiences.
In major milestone, wind power was Britain’s largest source of electricity in the first quarter
The U.K. is home to a mature offshore wind sector that looks set to expand in the coming years.
Can the UK afford to host Ukraine’s Eurovision? It can’t afford not to
This year’s edition is “a rekindling of a British love affair with Eurovision and of British relations with Europe,” one analyst says.
