IMF sees ‘bumps’ in path to lower inflation
Stubborn services and wage inflation will slow the pace of disinflation in the U.S. and globally, according to the IMF.
IMF upgrades UK growth forecast in another boost to new Labour government
The upgrades come after two years of stagnation, with the U.K. falling into a shallow recession in the second half of 2023.
From ‘quiet quitting’ to ‘coffee badging’ — why employees are less interested in work
Workers checking in at the office and then quickly checking back out is the latest symptom of growing employee disengagement.
Trump 2.0 could be bad news for global inflation, analysts say
A second Trump presidency could reignite global inflation as his America-first policies drive up costs across the world, analysts warned.
Britain sees low-alcohol beer sales boom during Euros soccer championship
No and low-alcohol beer sales spiked 38% on game days, research firm Kantar said.
Morgan Stanley tops estimates on stronger-than-expected trading and investment banking
Morgan Stanley benefited from its Wall Street-centric business model in the quarter, as a rebound in trading and investment banking helped results.
Welsh First Minister Vaughan Gething steps down
Vaughan Gething said on Tuesday he would step down as first minister of Wales, after four ministers resigned from the devolved Welsh government in protest over his leadership.
Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury
A U.K. judge on Tuesday referred a case against Australian entrepreneur Craig Wright’s claim to be the inventor of bitcoin to the Crown Prosecution Service.
Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe
Microsoft’s hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.
Bank of America shares jump 5% after saying net interest income rebound is coming
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.
