The UK manufacturing sector registered its sharpest contraction since May 2020 on steep decreases in production and order intake, final survey results from S&P Global showed Thursday. The Chartered Institute of Procurement & Supply factory Purchasing Managers’ Index fell to 47.3 in August from 52.1 in July. But the score was above the flash estimate of 46.0. This was the […]

European stocks fell sharply on Thursday to hit seven-week lows amid worries that aggressive rate hikes by the Federal Reserve and other central banks in Europe and Asia will dent economic growth. Markets are betting that the U.S. Federal Reserve and the ECB will both raise their key borrowing costs by 75 basis points when they meet later this month. […]

Asian stocks declined on Thursday as data showed the region’s factory hubs saw further easing in demand in August. Hawkish comments from another Federal Reserve official on inflation and the pace of future interest rate hikes also weighed on sentiment. The dollar rose to a fresh 24-year high against the yen, while oil extended losses on concerns over the ailing […]

India's Petroleum Minister discusses buying Russian oil and gas We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Oil prices dropped sharply on Wednesday following a selloff which has […]

Imax Corp. CFO Natasha Fernandes said the company is “not exposed as much” as other business partners of Cineworld to the Regal Cinemas parent’s bankruptcy filing. The No. 2 global exhibitor made the long-expected move this morning, citing the impact of Covid on its business. Speaking at the Bank of America 2022 Media, Communications & Entertainment Conference, Fernandes credited the […]

New York (CNN Business)The Major League Baseball Players Association is joining the AFL-CIO, the nation’s largest labor federation that includes unions representing a total of 12.5 million members. With only about 1,200 members, the MLBPA is fairly small by comparison to many of the other unions in the federation, But it is one of the nation’s highest profile unions, given […]

Apple Inc. (AAPL) on Wednesday unveiled its next-gen flagship smartphones the iPhone 14 Pro and iPhone 14 Pro Max at its “Far Out” event in Cupertino, California. The new Apple iPhone 14 Pro and Pro Max feature 6.1-inch and 6.7-inch display, respectively. The models sport a new smaller pill-shaped notch as well as an always-on-display. The notch has moving alerts […]

“South Park” creators Trey Parker and Matt Stone have dropped their objection to the release of building plans at Casa Bonita, the famous Lakewood restaurant they own. In a motion filed just before Labor Day weekend, their company The Beautiful Opco asked Jefferson County District Court Judge Randall Arp to let them end their lawsuit against the City of Lakewood. Arp approved […]