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Stay informed with free updates Simply register on the Inflation in the UK myFT Digest – delivered straight to your inbox. UK inflation rose less than expected to 2.2 percent in July as underlying price pressures fell sharply, opening the door to further interest rate cuts by the Bank of England this year. The annual … Read more
Over the past few years, TikTok has grown rapidly from a platform for sharing short, entertaining videos that many Kenyans enjoyed during Covid-19 lockdowns to a powerful global tool for entrepreneurship and large-scale commerce. Here in Kenya, the rise of TikTok live sales has revolutionised the way individuals and small businesses reach their customers in … Read more
Streaming services and cinema will play a key role in the UK entertainment and media (E&M) market, which is on track to become the largest in Europe by 2025, according to PwC’s latest Global Entertainment & Media Outlook 2024-2028 report. The report projects that UK E&M revenues will exceed £100 billion (US$128 billion) this year … Read more
By Mike Dolan LONDON (Reuters) – And just like that… he was gone. It may be a little premature to say goodbye to the above-target inflation rates that have plagued Western economies over the past three years. But it seems increasingly misguided to claim that the episode has reinforced expectations of higher inflation. While expectations … Read more
This article is an online version of our FirstFT newsletter. Subscribers can sign up for our Asia, Europe/Africa or Americas edition to receive the newsletter every weekday morning. Explore all our newsletters here Good morning. Japan’s Prime Minister Fumio Kishida has just announced that he will be stepping down next month. Below we have more … Read more
Truly supportindependent journalism Learn moreNear Our mission is to provide unbiased, fact-based reporting that holds the powerful to account and exposes the truth. Whether it’s $5 or $50, every contribution counts. Support us in offering journalism without agenda. Asian stocks traded mixed on Wednesday as Japan’s benchmark index picked up but quickly ran out of … Read more
(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more
Wages in the eurozone’s biggest economy are rising at their fastest pace this century, fuelling concerns among some economists about the European Central Bank’s expected interest rate cut next month. Negotiated wages in Germany are expected to jump 5.6 percent in 2024, based on agreements reached between January and June, according to data published Tuesday … Read more
Zepto has closed a $340 million round that boosts its valuation to $5 billion, up from $3.6 billion in June and $1.4 billion in August, as the startup races to gain market share in India’s competitive fast-track commerce market. General Catalyst and Mars Growth Capital are jointly leading the Series G round, which will complete … Read more
Bangladesh, which remains on the brink of instability, is facing a severe economic crisis. According to data from the Bangladesh Bureau of Statistics, the consumer price index (inflation) hit a 12-year high of 11.66 percent in July. Food inflation, in particular, exceeded 14 percent in July for the first time in 13 years, The Daily … Read more