Trump may have lost but don’t bet Democrats can fix the economy
Democrats won control of Congress on economic concerns, but face limited ability to reduce living costs over the next two years due to factors largely outside their control.
Job cuts, lost customers and a £22bn debt pile: what has gone wrong at Virgin Media O2?
Virgin Media O2 announced £800m in cost savings and potential job cuts affecting up to a quarter of its 16,000 UK staff amid mounting customer losses and a £22bn debt burden.
Great British Railways: new dawn for a new network but with plenty of old problems to fix
Great British Railways legislation is expected to receive royal assent before Christmas, consolidating Britain’s rail system under unified control while facing significant infrastructure and funding challenges.
Pound hits highest level since its crash after 2016 Brexit vote
The pound reached its strongest level against a basket of currencies since the 2016 Brexit vote, driven by investor optimism over UK-EU reconciliation efforts and anticipated interest rate increases.
Bank of England raises interest rates to 4%, the first increase for more than three years
The Bank of England raised its base interest rate to 4%, the first increase in over three years, citing inflationary pressure from the Iran war and elevated oil prices as key factors.
Hiring jumps: The economy added 165,000 jobs last month
U.S. employers added 165,000 jobs in October, bringing the unemployment rate down to 4.1%. Wage growth accelerated but remains below inflation levels.