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Bank of England set to hold interest rates despite inflation hitting 2% target

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LONDON — The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England's 2% target for the...
Bussiness

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

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Zilch CEO Phil Belamant.ZilchLONDON — British fintech firm Zilch said Wednesday it's raised $125 million in debt financing from German banking giant Deutsche Bank...
Bussiness

Revolut moves global HQ to heart of London’s financial district as it awaits UK bank license

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A mockup of what Revolut's new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on...
Jobs

Here’s where the jobs are for May 2024 — in one chart

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Job growth in May was surprisingly strong, pushing back on lingering fears of a broader economic slowdown and likely slowing the Federal Reserve's rate-cutting...
Bussiness

Salesforce to open new AI center in London as part of $4 billion UK investment

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A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty...
Bussiness

European Central Bank heads for first rate cut since 2019: Live updates

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German factory orders data falls short of expectations ahead of ECB decisionThe European Central Bank's set to make its decision on a day of...
Jobs

Gold gains as U.S. dollar, yields slip; focus on jobs data

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Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as...
Jobs

Gold drifts lower with focus on U.S. jobs data

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Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009.KIM JAE-HWAN | AFP...
Bussiness

Atos falls 14% as embattled French IT firms weighs rescue deals set to result in ‘massive dilution’

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This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. (Photo by...
Bussiness

CNBC Daily Open: Nvidia shares soar on AI boom

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In this photo illustration the Nvidia logo is displayed on a smartphone screen and in the background. Rafael Henrique | SOPA Images | Lightrocket |...
Bussiness

Citi fined $79 million by British regulators over fat-finger trading and control errors

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People walk by a CitiBank location in Manhattan on March 01, 2024 in New York City. Spencer Platt | Getty ImagesLONDON — British regulators on...
Bussiness

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped

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A GameStop location on 6th Avenue in New York on March 23, 2021.View Press | Corbis News | Getty ImagesGameStop shares tumbled 19.7% Friday...
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