A former communities secretary described how working in the Cabinet exacerbated his agoraphobia as he sounded the alarm on the “huge toll” faced by front line politicians. Speaking about his experience of managing an anxiety disorder in a highly pressurised role, Simon Clarke said the “sheer physical and mental strain” on those with senior jobs … Read more
Record-breaking territory for the FTSE 100 index continues to be in focus after a better-than-expected start to the year for London shares. The blue-chip index opened the week just 33 points off its all-time closing level, having rallied by more than 5% so far in 2023. The improved performance reflects declining rates of inflation in … Read more
(Bloomberg) — Federal Reserve officials Friday stressed further interest-rate hikes are needed to tame inflation even though there are emerging signs that price pressures are cooling. Most Read from Bloomberg Atlanta Fed President Raphael Bostic said inflation is still too high and reiterated he favors raising interest rates above 5%, compared to the current level … Read more
(Bloomberg) — Hog prices in China are plunging, which will likely damp food inflation in the world’s biggest producer and consumer of pork. Most Read from Bloomberg Live hog futures tumbled more than 7% on the Dalian Commodity Exchange on Monday to the lowest intraday level since April. Farmers are rushing to send large pigs … Read more
Researchers believe artificial intelligence could help ease hospital pressures by cutting diagnosis times for lung diseases. The technology – developed by the University of the West of Scotland – was originally created to quickly detect Covid-19 from X-ray images. They say it can also identify a range of different lung diseases like tuberculosis and pneumonia. … Read more
Meta () is gearing up to report its third-quarter earnings after the closing bell on Wednesday. Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg: Revenue: $27.4 billion expected Earnings Per Share (EPS): $1.88 expected Facebook Daily Active Users (DAUs): 1.86 billion expected The digital advertising slowdown had been top-of-mind for … Read more
By Leika Kihara TOKYO (Reuters) – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on Monday, clouding the region’s economic recovery prospects. Manufacturing activity shrank in Taiwan and Malaysia, and grew at a slower pace in September compared … Read more
(Bloomberg) — Rising food prices have been one of the key drivers of this year’s inflation woes as farmers across America face surging costs for fertilizer and fuel while also grappling with lingering supply-chain issues and labor shortages. Most Read from Bloomberg Brian Duncan, operator of a family farm and vice president of the Illinois … Read more
Customer behaviour and cost control are set to be top of the in-tray for the major banks as they update investors over the next week. Barclays, Lloyds and NatWest are all set to update the markets in a bumper week for the sector. Although priorities will vary slightly, there will be significant focus on whether … Read more
Following inflation data showing worse-than-expected price increases in June, bond markets are now flashing signs of deeper investor concerns about recession. On Wednesday, the U.S. 10-year note yield slipped as much as 0.21% lower than the yield on the 2-year, the largest negative spread between the two securities since 2000. A yield curve inversion, in … Read more