Bank of England set to raise rates to 4.75% as inflation slow to fall
By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by a quarter point…
Updated
US FDA extends review for GSK-owned Sierra’s blood cancer therapy
(Reuters) -GSK Plc said on Friday the U.S. Food and Drug Administration (FDA) has extended the review period by three…
Tesco says Britain’s food inflation has peaked
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to…
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data…
Tesla’s China expansion hits speed bump amid industry overcapacity
SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals…
Baidu wins commercial licence for driverless taxis in Shenzhen
By Josh Ye HONG KONG (Reuters) -China’s tech firm Baidu Inc said on Friday that it has obtained a commercial…
Power disrupted, heavy rains lash India, Pakistan after cyclone
By Sumit Khanna AHMEDABAD, India/KARACHI (Reuters) – Roofs were blown off houses and trees and electric poles uprooted, leaving thousands…
Greece scours shipwreck site; hundreds feared drowned in boat’s hold
By Lefteris Papadimas and Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured the seas off Greece on Thursday following a shipwreck…
Central banks, waiting for relief on inflation, lean towards higher rates
By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central…
UK public’s inflation expectations ease in May, Bank of England survey shows
LONDON (Reuters) -The British public’s expectations for inflation in the coming 12 months cooled in May, according to a Bank…