(Reuters) – British finance minister Jeremy Hunt is set to give local authorities the right to raise council tax by a maximum of 4.99% from 2.99% before having to put the increase to a local ref[...]
Read more
Business
In Burnley, Britain’s cost of living crisis hits home
By Natalie Thomas BURNLEY, England (Reuters) – Skipping lunch each day and watching television in blankets to keep warm is not how Ann and Keith Hartley envisaged their retirement in Burnley, th[...]
Read more
Jobless rate rises as UK prepares to tighten belts again
By William Schomberg LONDON (Reuters) -Britain’s unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, offici[...]
Read more
Wall Street gains on inflation data, but rocky on geopolitics
By Lewis Krauskopf, Amruta Khandekar and Ankika Biswas (Reuters) – Wall Street’s main indexes gained on Tuesday, shaking off an unconfirmed report of Russian missiles crossing into Poland[...]
Read more
Cuba seeks to drum up foreign investment despite crisis
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuba on Tuesday said it had signed 30 foreign investment deals valued at around $400 million this year, more than in 2021 but far short of pre-[...]
Read more
U.S. debt limit increase not needed this year -Sen. McConnell
WASHINGTON (Reuters) -U.S. Senate Republican Leader Mitch McConnell on Tuesday downplayed the likelihood the chamber will vote by year’s end to raise the federal government’s statutory lim[...]
Read more
Global stocks rise but Polish deaths raise market concerns
By Herbert Lash NEW YORK (Reuters) – Stocks rose and the dollar fell on Tuesday after data provided new signs U.S. inflation was peaking, but markets were rattled by media reports that said Russ[...]
Read more
Marketmind: The fog of war
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors clearly want to take stocks and risk assets higher to try and make up for a dismal year, and[...]
Read more
Banking giants and New York Fed start 12-week digital dollar pilot
By Lananh Nguyen NEW YORK (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigrou[...]
Read more