Tag: Global economy

Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn (£22.8bn) in a reaction that will fuel fears of a tech bubble. Shares in the world’s second-largest publicly traded company lost as much as 8pc in fluctuating trading after its quarterly results were released on Wednesday night. The...

The spending watchdog said higher pay deals for public sector workers were a key factor. “The difference with our forecast profile is driven primarily by higher-than-forecast consumption spending by government departments (£5.8bn), which appears related to strong growth in public sector pay,”  the OBR said. Darren Jones, chief secretary to the Treasury, said the borrowing...

Trump’s social media company falls to lowest level since float Jump to content

Thanks for joining me. We begin the day with a look at retail sales, which bounced back in Britain last month. The Office for National Statistics said retailers’ sales volumes were up 0.5pc in July compared to June, following a slump of 0.9pc the previous month. 5 things to start your day  1) Rachel Reeves...

Thanks for joining us. Britain remains gripped by a worklessness crisis as the number of people out of employment and not looking for a job hit a 13-year high. More than 9.5m people were classed as economically inactive in the three months to June, according to the Office for National Statistics, which was the highest...

Global stocks plunge amid fears of US ‘collapse’ – latest updates Jump to content

Britain to be fastest growing major European economy, IMF predicts Jump to content

Reeves vows to ‘work hand-in-glove’ with business as British stocks surge Jump to content

The NHS has turned to US drugs giant Pfizer over its British rival GSK for vaccines against Respiratory Syncytial Virus (RSV), the winter infection known as the “silent killer” of the elderly. Officials have signed a two-year supply agreement with Pfizer for more than 3.5 million doses of its RSV vaccine for older people and...

One of Labour’s biggest backers has called on the next government to enshrine the right to a four-day work week “for all” after members backed the idea. Unison, which represents public service workers including NHS staff and police, said delegates voted through a motion to “demand the next government takes action to ensure more employers...