Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday a weak yen may be hurting households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living. Kuroda’s remark, made at a conference in the Japanese capital, is his most direct acknowledgement to […]
Britain’s economy grew at a slower pace than first thought between July and September amid a poorer performance from health, hairdressers and lower trade volumes after Brexit, according to official figures. Revealing the growth rate was worse than initially calculated even before the Omicron coronavirus variant hit, the Office for National Statistics said gross domestic product (GDP) rose […]
The three largest U.S. drug distributors announced on Wednesday an extension to a key Jan. 2 deadline for cities and counties to join a proposed $21 billion settlement resolving claims that the companies fueled the nation’s opioid epidemic. Plaintiffs’ lawyers who negotiated the deal with McKesson Corp (NYSE:), AmerisourceBergen (NYSE:) Corp and Cardinal Health Inc (NYSE:) called […]
Britain’s leading internet service provider AOL has finally launched its broadband package for consumers but priced the service at £34.99 a month, a serious premium to its competitors’ charges. Karen Thomson, the chief executive of AOL UK, said the tariff was justified by the relative cheapness of connecting to the service and the premium content […]
There’s probably never a good time for the chancellor of the exchequer to visit California, but doing so when whole business sectors are on the verge of collapse was a particularly bad look. Yesterday Rishi Sunak announced a bailout package worth around £1bn for businesses losing trade because of Omicron, but Labour has understandably accused the […]
Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, a draft plan seen by Reuters showed. The first annual budget to be compiled by Prime Minister Fumio Kishida’s government got a boost from […]
Vodafone, EE and Lebara are the worst mobile phone providers in the UK, according to a survey by consumer watchdog Which? Giffgaff was the highest-rated, with a customer satisfaction score of 79 per cent, followed by Asda Mobile (72 per cent) and Tesco Mobile (70 per cent). Giffgaff is a budget, pay-as-you-go operator which runs […]
Britons are many times more likely to have experienced shortages of food and fuel than people in half a dozen EU member states, according to a poll. Global supply chain problems prompted by the pandemic have disrupted the international trade network since the summer, with transport backlogs combining with labour shortages to create scarcities of various goods […]
Japan upgraded on Thursday its growth projections for the next fiscal year starting in April, saying it expected gross domestic product (GDP) to hit a record even amid risks from the Omicron variant and supply constraints, Cabinet Office officials said. The growth projection was raised to 3.2% for fiscal 2022 from a forecast 2.2% real […]