FTSE closes lower as Andy Burnham unveils cabinet
UK stocks closed lower on Monday as investors weighed continued geopolitical tensions in the Middle East alongside the appointment of Andy Burnham as the United Kingdom’s new prime minister and…
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Category: Business
UK unemployment steady at 4.9%, wage growth eases in May
The United Kingdom’s ILO Unemployment Rate remained unchanged at 4.9% in the three months to May, according to data published by the Office for National Statistics (ONS) on Tuesday. The…
ECB survey signals easing wage and cost growth expectations in Eurozone
Eurozone companies expect selling prices and wage growth to rise at a more moderate pace over the next 12 months, according to a survey published by the European Central Bank…
Telemundo to air UEFA competitions, including the Champions League, in new rights deal
Telemundo’s coverage of elite, global soccer won’t end after the World Cup final. Telemundo has acquired the Spanish-language broadcast rights in the U.S. for all UEFA men’s club competitions for…
Andy Burnham’s economic blueprint: How the UK’s next PM plans to drive growth
Andy Burnham will enter Downing Street on Monday with a promise that has eluded successive British prime ministers for more than a decade: reviving economic growth. But unlike his predecessors,…
World Cup boosts beer sales in England’s pubs, but some still face last orders
LONDON — Scotland fans famously drank Boston dry. But while the team’s exploits on the field could not match the success of its supporters, pubs in England — some of…
US wholesale prices fall unexpectedly in June driven by lower energy costs
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in…
AI spending and Fed hopes fuel sharp rebound in investor sentiment, BofA finds
Global investor sentiment reached its highest level since February, according to Bank of America’s latest Global Fund Manager Survey. Fund managers turned more optimistic on the economic outlook, AI spending…