The Bank of England raised interest rates for a 10th consecutive time on Thursday, by half a percentage point, as policymakers kept up their vigilant stance against inflationary pressures. The bank’s policymakers lifted the key rate to 4 percent, the highest since 2008. But after more than a year of rising interest rates, inflation in […]
Category Archives: Business
“The job is not fully done,” he said. So far, evidence of labor market moderation in particular remains inconclusive: Initial claims for jobless benefits remain muted, and the unemployment rate is as low as it has been in half a century. Job openings rose in December, and 1.9 positions are now available for every unemployed […]
Follow live updates on the Federal Reserve’s first meeting of the year. Federal Reserve officials are expected to raise interest rates by a quarter point on Wednesday, the latest step in their battle against rapid inflation. But what they signal about their next moves will be even more important than their actual decision this week. […]
As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Credit Cards Credit card rates are closely linked to the Fed’s actions, so consumers with revolving debt can […]
Maxime Clausier stood inside the barricaded entrance of his butcher shop in central Paris and surveyed the swelling crowd of protesters outside his door. He had closed early Tuesday amid the latest demonstrations in France against President Emmanuel Macron’s plan to raise the legal age of retirement to 64 from 62, and his business was […]
WASHINGTON — Black taxpayers are at least three times as likely to be audited by the Internal Revenue Service as other taxpayers, even after accounting for the differences in the types of returns each group is most likely to file, a team of economists has concluded in one of the most detailed studies yet on […]
Since 1962, when the Minneapolis entrepreneur Rose Totino introduced it to American shoppers, frozen pizza has been an after-school snack, the quickest route to dinner, a midnight temptation of last resort. But in the last five years, frozen pizza has become something else entirely: a piece of culinary craft, an authentic taste of Italy, a […]
WASHINGTON — The International Monetary Fund said on Monday that the global economy was expected to slow this year as central banks continued to raise interest rates to tame inflation, but it also suggested that growth would be more resilient than previously anticipated and that a global recession would probably be avoided. The I.M.F. upgraded its economic […]
The British carrier Flybe, once the largest independent regional airline in Europe, canceled all flights on Saturday after filing for bankruptcy protection for a second time, marking what may be the final chapter for the chronically troubled company. “We are sad to announce that Flybe has been placed into administration,” the company said in a […]
In a vast studio outside Seoul, technicians huddled in front of monitors, watching cartoon K-pop singers — at least one of whom had a tail — dance in front of a psychedelic backdrop. A woman with fairy wings fluttered by. Everyone onscreen was real, sort of. The singers had human counterparts in the studio, isolated […]