Fishermen, farmers still poorest in PHL
PHILSTARFisherfolk, farmers, children, and individuals residing in rural areas remained the poorest sectors in 2021, according to the Philippine Statistics Authority (PSA).Preliminary estimates of the 2021 poverty statistics released by the PSA on Friday showed increases in all basic sectors,
S&P 500 has been falling, but for Euro and GBP investors, it hasn’t been quite so bad
As we move towards the end of Q1 of 2023, let us take a pause and look at how the stock market has performed thus far this year. Obviously, 2022 was a year from hell for investors, as prices fell more
Kaiko: Liquidity situation in crypto “worsening” amid USD payment rails issue
Analysts at crypto market data provider Kaiko say the crypto market has experienced a “fair share of liquidity incidents this month.” In their opinion, even though data shows liquidity in crypto has bounced to levels seen in early March, the
SMI index nears correction as UBS stock enters bear market
The Swiss Market Index (SMI) index slipped on Friday as concerns about the safety of Swiss companies continued. The index, which is made up of the biggest companies in Switzerland, has dropped by over 7.60% from its highest point in
NatWest, Lloyds, Barclays, ING retreat as Deutsche Bank shares dive
European bank stocks plunged hard on Friday as investors continued to derisk following the collapse of Credit Suisse and several other banks in the United States. These equities also plunged after their credit default swaps (CDS) dropped, signaling that investors
Ten construction firms fined total £60m for ‘illegally colluding’ on contract bids
<?xml encoding="utf-8" ??>Ten construction firms have been fined a combined £60m by the competition regulator for “illegally colluding” to rig bids for lucrative contracts for projects including Bow Street magistrates court and Selfridges department store. The Competition and Markets Authority (CMA)
Only 1% of £1.1bn lost in Covid business scheme recovered
<?xml encoding="utf-8" ??>Just 1% of the estimated £1.1bn lost from the government’s Covid business support programme in England as a result of fraud and error has been recovered so far, the public spending watchdog has said in a report urging
Accenture cuts 19,000 jobs on slowdown fears
<?xml encoding="utf-8" ??>Accenture has announced plans to cut 19,000 jobs, about 2.5 per cent of its workforce, as corporate clients grow increasingly cautious about the strength of the global economy. The business, one of the world’s biggest consultancy groups, follows others
Worried consumers still plan to spend big
<?xml encoding="utf-8" ??>Consumer confidence continued to rise this month despite growing concern about personal finances, a closely watched survey shows. It rose by two points to minus 36 on the monthly index by GfK, the market intelligence company. The biggest factor
UK interest rates rise to 4.25% after Bank of England decision
<?xml encoding="utf-8" ??>The Bank of England has pushed up the cost of borrowing to its highest level in nearly 15 years amid concerns that inflation will persist. The central bank raised interest rates by a quarter of a percentage point to