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...More Chinese residents are also struggling for work: youth unemployment hit a record 21.3 per cent in June, prompting authorities to stop reporting the data....
...Total liquidity stood at £1.5bn. John Lewis said: “Our partnership model is what makes John Lewis and Waitrose special and will always be at the heart of our business.”...
...Economists polled by Consensus Economics forecast inflation to average 3 per cent over the year and GDP to grow by a meagre 0.3 per cent....
...HSBC UK’s was 1.89 per cent at the end of last year, up from 1.53 per cent in 2021. But the gap between what banks charge borrowers and what they pay savers may have reached its limit....
...HSBC has had its headquarters in Canary Wharf since 2002, when it moved into its 42-storey Norman Foster-designed offices under then-chair Sir John Bond....
...NEWSCASTER 3: A glass ceiling has been shattered in finance. Citigroup president Jane Fraser will soon become the first woman to head a big Wall Street bank....
...Bank of America’s Brian Moynihan sold $1.9mn before becoming chief executive but none since; Citi chief executive Jane Fraser has also not sold since taking the top job....
...Consensus Economics, which tracks leading forecasters, expects consumer price inflation to average 7.3 per cent in 2023 and 3.2 per cent in 2024....
...The company claims it is owed $3.5bn under a broader all-risks insurance policy or $1.2bn under a specific “war risks” policy, led by Lloyd’s, if the larger claim fails....
...We also meet our second fiscal rule for public sector borrowing to be below 3% of GDP three years early. Borrowing falls from 4.2% of GDP in 2023-24, to 3.1%, 2.7%, 2.3%, 1.6% and 1.2% in 2028-29....
...The average cost of a gallon of petrol (or gasoline) looks set to slip below $3 in the coming days....
...It falls from 4.5% of GDP in 2023-24, to 3.0%, 2.7%, 2.3%, 1.6% and 1.1% in 2028-29....
...Deutsche Bank has agreed to pay up to $75mn to settle a lawsuit brought by the pseudonymous Jane Doe who alleged the lender had benefited from human trafficking by retaining Jeffrey Epstein as a client....
...This year, Savova has bought a 1,000 piece jigsaw puzzle of Santa’s workshop. She predicts it could take some time: “Its all red!”...
...From around 3,000 to 1,100BC, Crete was home to the Minoans, one of the western world’s most advanced ancient civilisations, whose traces can be admired at the Palace of Knossos as well as within the island...
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...More so, you know, it’s not even the 1 per cent, it’s probably like the 0.1 per cent. And in some ways, Labour has sort of done this before....
...The departure and replacement of one of Lea’s housemates ended their original contract and they had to sign a new one, which increased their rent from £1,250 to £1,400 a month....
...On a tag is written, “Jane Doe”. Her estimated age is between 22 and 28, and she was short at 4ft 11in. According to the notes, this woman was reported dead by a man travelling with her....
...Five more stories in the news 1....
...“The bank rate rise was expected — gilt yields actually fell on that day which indicates it was factored in,” said Ray Boulger, analyst at broker John Charcol....
...Britain has two hospital beds per 1,000 people, fewer than any other wealthy western nation, and far fewer MRI and CAT scanners than its counterparts....
...By June 2022 they found a net loss of workers equivalent to 1 per cent of the UK workforce — about 330,000....
...Top stories today Soaring bills | The typical UK household gas and electricity bill will rise by 80 per cent from £1,971 to £3,549 a year after October, Ofgem confirmed today....
...Nasdaq Composite saw a decline of 1.3 per cent. It remains to be seen whether US president Joe Biden can harness the political benefits of a strong labour market with record vacancies....
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