News And Announcements
EU to probe Microsoft's bundling of Teams with Office
Microsoft will face an official antitrust investigation by the European Union (EU) next week, it was reported on Monday, making for the software giant's first such probe in Brussels in 15 years.
House prices soften as rate rises bite
House prices ticked lower in July, a closely-watched industry survey showed on Monday, as higher borrowing costs hit home.
FTC probing OpenAI over consumer protection concerns
The US Federal Trade Commission (FTC) has launched an investigation into artificial intelligence (AI) company OpenAI over allegations of violating consumer protection laws and jeopardising personal reputations and data, it was reported on Thursday.
US initial jobless claims unexpectedly fall
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data released on Thursday by the Labor Department.
US producer prices ease in June
Producer price inflation in the US eased more than expected in June, according to figures released on Thursday by the Bureau of Labor Statistics.
IEA trims global oil demand forecasts
The International Energy Agency trimmed its forecasts for global oil demand on Thursday, on the back of "persistent" macroeconomic headwinds.
Eurozone industrial production ticks higher
Industrial production across the Eurozone nudged higher in May, official data showed on Thursday.
UK housing market slows as interest rate rises bite
The housing market saw a sharp downturn in June, a closely-watched survey showed on Thursday, with both house prices and buyer enquires falling sharply.
UK economy shrinks in May
The UK’s economy contracted in May, official data showed on Thursday, although the decline was not as steep as expected.
Bank of Canada hikes rates by 25 basis points
The Bank of Canada lifted interest rates on Wednesday by 25 basis points to 5% - the highest level in 22 years.
UK bank pass annual stress tests, says BoE
Eight major UK banks have passed annual capital stress tests and were well positioned to support households and businesses through a period of rising interest rates, the Bank of England said on Wednesday.
German business sentiment deteriorates more than expected
German business sentiment deteriorated more than expected in July, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK wage growth hits 7.3%
UK wages grew more than expected in the three months to May, raising the chances of further rate hikes from the Bank of England, according to figures released on Tuesday by the Office for National Statistics.
EasyJet cancels 1,700 flights over the summer season
Low-cost airline easyJet announced the cancellation of 1,700 flights over the summer period on Monday.
China producer prices slump in June
Producer prices in China slumped again in June, according to figures released on Monday by the National Bureau of Statistics, fuelling concerns about deflation.
Pendragon COO Casha leaving to become CEO of Marshall Motor
Car dealership Pendragon said on Friday that chief operating officer Martin Casha - who has been in the job since 2001 - will be standing down to become chief executive of Marshall Motor Group.
UK house prices suffer worst annual drop in 12 years - Halifax
UK house prices fell in June at the steepest annual pace in 12 years as the mortgage crisis took its toll, according to figures released by Halifax on Friday.
Footfall eases as soaring temperatures deter shoppers
UK retail footfall fell in June, industry research showed on Friday, as the heatwave kept shoppers at home.
Housebuilding slump hits construction sector
Construction output fell sharply in June, a closely-watched survey showed on Thursday, as higher mortgage rates hit house building.
Leicester City FC to be fined for anti-competitive deal with JD Sports
The Competition and Markets Authority (CMA) issued a fine to Leicester City FC on Wednesday, after finding that the football club and retailer JD Sports had engaged in an arrangement that restricted competition in the sales of Leicester City-branded clothing, including replica kits.