Category Money

Rising US unemployment leads to Fed rate cut

Now GEOFF HO Update: 05:25 EST, 7 December 2024 Unemployment in the US unexpectedly rose to 4.2 percent last month, paving the way for the Federal Reserve to cut interest rates before Christmas. The increase from 4.1 percent gives the…

Thames Water’s bid could break up a struggling industry

Now CALENDAR FISH Update: 05:27 EST, 7 December 2024 Thames Water will be broken up under a takeover arranged by investment firm Covalis and French utilities group Suez. Britain’s biggest water supplier is grappling with an emergency cash injection worth…

ALEX BRUMMER: Miliband’s nuclear button is missing

Meanwhile, Ed Miliband has been silent on new nuclear. Speaking to nuclear industry leaders this week, the Energy Secretary said ‘nuclear offers huge opportunities for our clean energy mission’. It’s all amazing. However, the snail’s pace of British governance, which…

Winter recession is scary for Germany

Now KEEP CALM AND KEEP CALM Update: 05:32 EST, 7 December 2024 Germany suffered a fresh blow yesterday as industrial activity fell in October, amid fears of a winter recession in Europe’s biggest economy. Official statistics showed that industrial activity…