Business

John Lee meets business and innovation leaders over Hong Kong’s first 5-year plan

Hong Kong’s chief executive has met the business and innovation leaders advising him on the city’s strategic direction as part of drafting the first local five-year plan, with one adviser saying he was “inspired” by the high-powered…

US economic growth slows to 1.5% in second quarter

The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.

AI cloud provider Nscale to buy software startup Anyscale

Creative trips add economic value through experiences: Deputy Minister

Deputy Minister of Creative Economy Irene Umar said the creative trip concept offers a new approach that regional ...

Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The…

BOE's Lombardelli Says Holding Rates Was Right Thing to Do

Bank of England Deputy Governor Clare Lombardelli says her vote to hold interest rates steady at 3.75% on Thursday was not a close judgment. "I was pretty clear that holding rates at the current level was the right thing to do," she says…

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK, but only from the conflict in the Middle East…

Global central banks’ demand for gold hits record 289 tons in Q2 — WGC

The Central Bank of Russia reduced its reserves by 22 tons, becoming the largest seller in the reporting period

Fed’s Preferred Inflation Gauge Eased During Pause in Iran War

Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.

GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks

Consumer spending and business investment in AI drive the economy forward

Fifa not ‘selling the World Cup’ in $20bn commercial plan, says adviser

Greg Maffei defends contentious proposal he helped shape as body’s move to bring in outside investors is hit by backlash

U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%