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Indrabati Lahiri

Markets

Markets’ Week Ahead: European stocks up ahead of ECB rate decision

European shares climbed up as investors expect the ECB to keep rates steady at its monetary policy meeting this week.

Economy

Chinese manufacturing up on strong industrial production, retail lags

China's economic report for December was cautiously optimistic due to robust industrial production performance, but retail sales lagged.

Economy

UK inflation unexpectedly pulled up by clothes, alcohol and tobacco

Clothing and footwear prices, as well as furniture and household goods prices drove UK inflation up in December 2023.

Markets

Apple overtakes Samsung to gain world’s largest smartphone-maker crown

Apple has long led the smartphone market by revenue and profits; it has now overtaken Samsung to become the world leader by volume.

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Economy

Most economists fear more global fragmentation likely in 2024

About 56% of global chief economists feel that the world is likely to see increased economic weakness in the coming year, whereas seven out of 10 believe there will be more rifts.

Markets

Weekly markets' wrap: European stocks bounce up on ECB rate cut hopes

European markets were brighter on Friday following fairly optimistic comments from ECB President Christine Lagarde on Thursday about potential interest rate cuts.

Economy

Red Sea trade route still months away from safety, says Maersk boss

Trade in the Red Sea has significantly reduced ever since the start of the Houthi conflict and could still be several months away from returning to normal levels.

Business

Tesco lifts profit guidance following robust Christmas sales

Tesco has increased its profit guidance following better-than-expected Christmas sales due to exceptionally strong fresh food sale volumes.

Economy

UK economy sees rise in November, boosted by services sector

UK gross domestic product figures showed a rise in November, boosted by a strong month in services and production

Economy

US inflation rises to 3.4% in December on energy prices

US year-on-year inflation numbers for December 2023 came in higher-than-expected following energy prices falling at a lower rate

Economy

Davos 2024: What the theme 'rebuilding trust' is all about

As we face an increasingly fractured and polarised world, this year’s World Economic Forum summit will look at ways of rebuilding and strengthening trust amongst global stakeholders.

Economy

Global risks 2024: What are the key geopolitical risks this year?

The World Economic Forum’s Global Risks report 2024 believes false information, rising conflicts and economic uncertainty are among the most widespread risks facing this year

Economy

Here's why Turkey’s industrial activity fell sharply in November 2023

Turkey’s industrial production fell in November 2023 due to declines in the mining and quarrying sectors.

Business

Barclays slashed 5,000 jobs last year in cost-cutting drive

Barclays has cut about 5,000 jobs in the past year, as part of an effort to improve efficiency and reduce costs.

Business

Why Rio Tinto's Guinea iron ore project is starting after 27 years

Rio Tinto's Simandou project in Guinea could finally be making progress after 27 years of consecutive delays.

Markets

Markets' week ahead: European stocks muted ahead of US inflation data

European markets opened more cautiously this week, following weakened sentiment in Asia and with US inflation numbers on the horizon.

Markets

Weekly markets wrap: European shares dip ahead of non-farm payrolls

European markets were somewhat downbeat this week, due to disappointing economic data and upcoming US non-farm payrolls

Economy

US economy adds another 216,000 jobs in December 2023

The US economy saw the most job increases in the government, healthcare and leisure and hospitality sectors

Business

JD Sports shares plummet following dire profit warning

JD Sports shares fell around 20% on Thursday, following the retail chain issuing a gloomier profit forecast than before

Economy

German retail sales fall 2.5% weighed down by internet sales

German retail sales numbers dropped in November following internet and non-food sales being less than anticipated.

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