Striking postal workers offered 'incredibly fair' 9% pay rise deal, says Royal Mail CEO

The strike action is being taken nationwide by 115,000 Royal Mail workers represented by the Communication Workers Union.

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Singapore chips away at Hong Kong’s hedge fund dominance

SINGAPORE – Singapore is cementing its status as a regional hotspot for hedge funds, with the number of firms expanding from Hong Kong to the city state tripling in the ... Read more »

Drought-hit California cities to get little water from state

Drought-hit California cities to get little water from state California water agencies that serve 27 million people will get just 5% of what they requested from the state to kick ... Read more »

EXPLAINER: US-European differences on climate law persist

EXPLAINER: US-European differences on climate law persist President Joe Biden is trying to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles ... Read more »

Musk's company aims to soon test brain implant in people

Musk's company aims to soon test brain implant in people Tech billionaire Elon Musk said his Neuralink company is seeking permission to test its brain implant in people soon Tech ... Read more »

Reform candidates lead in UAW races with 56% of vote counted

Reform candidates lead in UAW races with 56% of vote counted Members of the United Auto Workers union appear to favor replacing many of their current leaders in an election ... Read more »

SCG unveils new green tech 'Bio-coal', purifier on show during summit

Mr Nithi, second from right, is explaining SCG’s environmental management to Prime Minister Prayut Chan-o-cha, right, as he visits an exhibition area during the Apec summit. SET-listed Siam Cement Group ... Read more »

Crypto scammers make off with $135m from Binance

PARIS – Scammers stole cryptocurrency worth roughly US$100 million (S$135 million) from Binance, the world’s biggest exchange for cryptoassets, the firm said on Friday. The total stolen was US$580 million, ... Read more »

US Fed’s preferred inflation gauge slowed in October

NEW YORK – Inflation in the United States showed welcome signs of slowing in October, but it remained uncomfortably rapid even as a spate of economic data underscored that a ... Read more »

BCP keen on new business supplying LNG to factories

SET-listed energy conglomerate Bangchak Corporation (BCP) is growing its new business in the energy logistics sector by supplying liquefied natural gas (LNG) to factories located outside the service area of ... Read more »

Powell Signals Fed Ready to Slow Rate Rises This Month Fed chair says a labor-market slowdown will be needed to bring inflation back to the central bank's 2% target

Federal Reserve chair Jerome Powell provided a clear signal that the central bank is on track to raise interest rates by a half percentage point at its next meeting, stepping ... Read more »

China to launch commercial annuity program next year with aim of attracting more people to private pension system

China will launch its commercial annuity pilot program early next year, with the aim of attracting more people to participate in the private pension system that Beijing is building out ... Read more »

Scientists just made a wormhole to learn more about traversing space and time

Wormholes are an intriguing bit that most people probably chalk up to science fiction. After all, seeing the Millennium Falcon barreling through hyperspeed in Star Wars is exciting, but there’s ... Read more »

Airbnb urged to require carbon monoxide devices after 3 die

Airbnb urged to require carbon monoxide devices after 3 die Family members of three tourists who died while staying at an Airbnb in Mexico City, apparently of carbon monoxide poisoning, ... Read more »

Thailand Post introduces digital delivery service

Mr Dhanant, left, said the company has spent 100 million baht developing all related elements and procedures for the Digital Post ID service. State enterprise courier Thailand Post has unveiled ... Read more »

Tourism making gradual recovery Rate below those seen in US, Europe

Passengers throng the arrival hall at Suvarnabhumi airport. Mr Fan believes Thailand’s tourism recovery pace will quicken after Christmas this year. Somchai Poomlard The recovery rate of Thai tourism was ... Read more »

SET rides Asian market upswell

The Stock Exchange of Thailand (SET) joined an Asian rally yesterday, a day after Thailand lifted its key interest rate, as investors took heart from the Federal Reserve chairman's remarks ... Read more »

EEC accelerates promotion push to attract private investments

Kanit: Authorities will allocate 5% of state budget to support new investment projects. The Eastern Economic Corridor (EEC) Office is speeding up efforts to encourage companies to join the government ... Read more »

Thai Vietjet set to expand overseas routes

Thai Vietjet (TVJ) is preparing an aggressive plan for international expansion next year with the aim of increasing the portion of international flights to 67% from 41% this year, with ... Read more »

Motorist aims to triple revenue growth next year

Motorist, a comprehensive automotive service platform from Singapore, targets triple growth in revenue in the Thai market next year, mainly driven by consumer-to-business (C2B) vehicle auctions. The service had a ... Read more »

Credit Suisse looks to speed up cuts as revenue outlook worsens: Sources

ZURICH – Credit Suisse is looking for ways to accelerate cost cuts announced just weeks ago as client outflows and a slowdown in activity weigh on its revenue outlook, three ... Read more »

US Justice Department arm calls for independent probe into FTX collapse

NEW YORK – The United States Justice Department’s bankruptcy watchdog is calling for an independent probe into the collapse of FTX Group, saying a neutral party should investigate the cryptocurrency ... Read more »

The era of cheap money is over. How debt is hitting home for many consumers as interest rates soar

Americans are racking up credit card debt at a pace not seen in decades as inflation continues to pervade the U.S. economy. In the most recent quarter, Americans’ overall credit ... Read more »

Nasdaq edges higher, Dow falls after mixed US data

NEW YORK – A day after a dramatic rally, Wall Street stocks finished mixed on Thursday following economic reports that showed a moderation in inflation but weakness in manufacturing. The ... Read more »

Las Vegas Strip's biggest property owner in deal to take full ownership of two casinos

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at ... Read more »

Emerging technology allows solar panels and agriculture to coexist, but legal hurdles remain

Solar panels and grazing sheep can coexist in the same field. Credit: Wikimedia Commons, CC BY-SA 4.0 Renewable energy technologies such as wind turbines and solar panels are gaining traction, ... Read more »

Half a century on, it’s time to reassess the Whitlam government’s economic legacy

After leading the Australian Labor Party to its first federal election victory in 23 years, Gough Whitlam wasted no time. The Tuesday after his election on December 2 1972, he ... Read more »

Pound tops $1.23 for the first time in five months despite latest figures showing Britain entering recession

The pound stormed to its highest level against the dollar in over five months despite gloomy economic figures stoking recession fears. Sterling climbed as much as two-and-a-half cents to $1.2309, ... Read more »

Next boss Simon Wolfson teams up with Joules founder to rescue 'yummy mummy' fashion brand

Next has bought Joules out of administration in a rescue that saves 1,450 jobs and 100 high street stores. The retail giant teamed up with Joules founder Tom Joule, who ... Read more »

HSBC to cut 300 senior jobs worldwide in bid to streamline management and reduce costs

HSBC is cutting as many as 15 per cent of its 2,000 senior operations managers worldwide as it attempts to streamline its management and reduce costs. The axing of between ... Read more »

Britons shrug off hit the slopes in ski holiday boom: Flights expected to hit 83% of pre-pandemic levels despite cost of living squeeze

Brits are flocking back to Europe’s ski slopes despite the cost of living squeeze. Flights from the UK are expected to hit 83 per cent of pre-pandemic levels this month, ... Read more »

Ford in £150m boost for the British car industry: US-owned giant to ramp up production of electric vehicle parts at its Halewood plant

Car manufacturer Ford has delivered a near-£150million boost to the British car industry with plans to ramp up production of electric vehicle parts at its Halewood plant. The investment means ... Read more »

EV maker Fisker faces liquidity questions after short-seller claims its cash is "tied up"

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, ... Read more »

'I didn't try to commit fraud': FTX boss denies moving personal money out of exchange before collapse

The former billionaire boss of the collapsed crypto exchange FTX has denied committing fraud. Sam Bankman-Fried, once hailed as the ‘King of Crypto’ and estimated to have a net worth ... Read more »

Raise a glass of English fizz this Christmas: It's cheaper than champagne and just as good, says Chapel Down boss

When Britons pop bottles of bubbly this Christmas and New Year, Andrew Carter believes there is a higher chance than ever that their fizz will be home-grown. The English wine industry, ... Read more »

MARKET REPORT: Hammered! Auction marketplace firm Auction Technology dives 8.2% as it warns revenues are slowing

Shares in Auction Technology left investors spooked after it sounded a note of caution over the outlook. The FTSE 250 firm, which operates as a marketplace connecting bidders with auction ... Read more »

Fresh blow for Morrisons as ratings agency Fitch sounds alarm over £6.6bn debt pile

Morrisons suffered yet another blow as a leading ratings agency sounded the alarm over its £6billion debt pile and dwindling profits. The beleaguered Bradford-based grocer, which is now in private ... Read more »

Black Twitter shaped the platform, but its future lies elsewhere

Credit: Pixabay/CC0 Public Domain From cartoon memes to cancel culture, hashtag activism and “new” languages, it’s undeniable that Black Twitter has shaped much of today’s internet culture. “Black Twitter” describes ... Read more »

CNBC’s Jim Cramer eviscerates FTX’s Sam Bankman-Fried: ‘Total con artist’

Jim Cramer called SBF a “total con artist.” NBCU Photo Bank/NBCUniversal via CNBC personality Jim Cramer blasted disgraced FTX founder Sam Bankman-Fried as a “total con artist” on Thursday in ... Read more »

How major US stock indexes fared Thursday 12/1/2022

How major US stock indexes fared Thursday 12/1/2022 Stocks ended mixed after an uneven day of trading and bond yields fell broadly after the government reported that a measure of ... Read more »

Salesforce, Lands' End fall; Splunk, Synopsys rise

Salesforce, Lands' End fall; Splunk, Synopsys rise Stocks that traded heavily or had substantial price changes Thursday: Salesforce, Lands’ End fall; Splunk, Synopsys rise NEW YORK — Stocks that traded ... Read more »
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