SK Hynix Links New US Chip Factory to Approval for Equipment Exports to China
New York: South Korean chipmaker SK Hynix is seeking permission from Washington to ship additional American-made chipmaking equipment to its…
IMF Raises UK Growth Forecast for 2026 but Warns Energy Costs and Borrowing Rates Will Weigh on 2027
London: The International Monetary Fund on Tuesday raised its forecast for British economic growth this year, while cautioning that higher…
Frasers Raises Burberry Stake to 7.42% as Mike Ashley’s Group Expands Luxury Ambitions
London: British retailer Frasers Group has increased its stake in luxury fashion house Burberry to 7.42%, following an earlier increase…
French Bond Crisis Raises Contagion Fears, Sends Euro to 17-Month Low
PARIS: Growing concerns over France’s deteriorating public finances and political uncertainty have triggered renewed pressure on European bond markets, sending…
Sterling Set for Biggest Daily Rise Against Euro in Months
LONDON: Sterling was on track on Monday for its strongest one-day gain against the euro in several months, as concerns…
UK Considers Tariffs on Chinese Cars Amid Pressure to Align with EU
LONDON — The United Kingdom is considering imposing tariffs on Chinese vehicle imports as it seeks to align more closely…
UK Diesel Prices Hit Record High as Average Cost Nears £2 a Litre
LONDON: The average price of diesel at UK forecourts has reached a record high of 199.18 pence per litre, surpassing…
Melania Trump Launches Imperia Initiative to Promote Women’s Economic Leadership
NEW YORK — US First Lady Melania Trump has launched a new initiative aimed at supporting women in leadership and…
UK PM Burnham Defends Claim Britain Is Overexposed to Bond Markets
LONDON — British Prime Minister Andy Burnham has defended his previous warning that the United Kingdom was too exposed to…
Bank of England Expected to Hold Rates as Energy Shock Fuels Inflation Concerns
LONDON — The Bank of England is widely expected to keep its benchmark interest rate unchanged at 3.75% at its…