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Indrabati Lahiri

Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.

Business

Microsoft unveils all digital Xbox console at games showcase

Microsoft has launched an all-digital Xbox console which is set for release later this year. The company also announced a host of upcoming games including the next instalments of ‘Call of Duty’ and ‘Assassin's Creed’ franchises.

Economy

Why are European countries fighting to get Chinese EV factories?

EU countries are offering incentives such as tax breaks, an easing of regulations in designated zones and support for battery factories to Chinese EV makers.

Business

Could one of the UK's biggest blue-chip companies move to the US?

UK giant Ashtead Group is considering a move to list its company in the US. It already makes a significant amount of its total revenue there so already has the groundwork laid out for such a shift.

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Economy

Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.

Markets

GameStop shares surge as Roaring Kitty drops livestream hints

Keith Gill, who is believed to be behind the Roaring Kitty YouTube channel, who helped spark the orginal GameStop rally, could be expanding further on his bullish stance on GameStop in an upcoming livestream.

Economy

UK exports of clothing and footwear to the EU strangled by red tape

A new study suggests that since Brexit complex regulations and red tape at the border have deterred clothing and footwear exports from the UK to Europe. However, beauty and health products, as well as gardening and DIY product exports remain robust.

Markets

London Stock Exchange urged to do more to hold onto retail traders

The UK stock market needs to improve investor communication and engagement in order to retain its individual traders, according to a report from online trade and investor provider CMC Markets.

Business

McDonald’s loses chicken Big Mac trademark battle with Irish rival

Irish rival Supermac has also complained of McDonald’s trademarking the name Supermac, despite not offering any food items of this name.

Economy

Germany announces €23 billion tax cuts to help inflation-hit household

The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget.

Economy

Swiftonomics: How Taylor Swift's tours boost the economy

Taylor Swift's tours usually drive a number of tourists to cities hosting concerts, boosting hotel prices especially.

Business

One of Europe's largest travel operators files for insolvency

Thousands of travellers are likely to be affected as a number of package holidays are cancelled or cut short.

Economy

Flicker of optimism for Europe's producers as energy prices see a fall

Higher energy prices over the past few months because of the Russia-Ukraine war have been costly for European factories and manufacturers.

Economy

Savvy earners: UK kids take on side hustles as cost of living soars

Some children are getting surprise one-off rewards for doing well at school while others are finding other ways to make extra pocket money.

Economy

Airline bosses hit back as Europe seeks soft landing over net zero

Airlines believe it is unfair of Europe to deprive other economies of the benefits they have enjoyed for decades because of the renewable transition.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Deutsche Bank revises eurozone GDP outlook for the year

The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery.

Business

Green light for Orange customers with free switch to 5G for Paris 2024

The Paris Olympics will be the first to use 5G extensively, for better quality video-coverage as well as a more immersive experience for spectators.

Business

Shein about to file £50 billion London IPO prospectus, reports say

The IPO would be a huge boost for the UK stock exchange, which has recently seen an increasing number of companies listing in the US.

Economy

What is a financial influencer and how do we know we can trust them?

About one third of Gen Zers now turn to social media and financial influencers for money tips, according to Intuit Credit Karma. However, this also comes with regulatory challenges for those sharing them.

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