Fed chair warns of even higher rates if jobs data stays strong
Federal Reserve chair Jay Powell has warned that the US central bank might have to raise interest rates more than expected by investors because it will probably take a “significant period of time” to tame inflation given stronger labour market data. Powell’s comments to the Economic Club of Washington on Tuesday were his first since […]
Earthquakes rock Turkey and Syria leaving thousands dead
Turkey was battling to respond to a historic natural disaster after its biggest earthquake in almost a century flattened neighbourhoods across the country’s south-east and northern Syria, leaving a death toll rising through the thousands. Monday’s 7.8 magnitude quake destroyed thousands of buildings when it hit shortly after 4am local time, sending people fleeing into […]
Can the pioneer of blockchain gaming survive the crypto winter?
Yat Siu is no stranger to controversy. Over the years, the serial technology entrepreneur has been kicked off the App Store, delisted from a stock exchange and has clashed with his auditors. But Siu, through his Hong Kong-based Animoca Brands vehicle, has become the pre-eminent investor in the world of blockchain-based gaming, presented by its […]
Corporate America is divided on odds of US recession
Corporate America’s top executives are sharply divided on the chances of the country escaping a recession, as conflicting signals on interest rates, labour markets and consumer spending muddle the business outlook for 2023. Halfway through the fourth-quarter earnings season, investors hoping for a clear signal on the US economy’s prospects from its largest businesses have […]
Indian authorities seek to calm investors after Adani sell-off
Indian authorities have sought to calm investors after a sell-off in the shares of Adani Group companies over fraud allegations added to volatility in the country’s stock market. Without naming Adani, the Securities and Exchange Board of India (SEBI) said that it was aware of “unusual price movement in the stocks of a business conglomerate” […]
Sunak under pressure from growing Raab row and critical ex-PMs
Rishi Sunak is facing problems on multiple fronts as the row over his appointment of Dominic Raab as justice secretary deepens and his two predecessors as prime minister seek to tell him how to do his job. On Friday, Downing Street did not deny media reports that a written complaint about the behaviour of Raab […]
