The decision by the Bank to hold the base rate at 4 per cent was widely expected, but economists are divided over when they will next be cut. Yael Selfin, at KPMG UK: “The labour market has continued to cool, but evidence of deterioration has become less apparent, weakening the case for further policy easing….
BEIJING — China warned Britain on Tuesday against “provoking tensions” in the South China Sea after its foreign minister David Lammy called Beijing’s actions in the disputed waters “dangerous and destabilizing.” In a video partly filmed alongside a vessel belonging to the Philippine Coast Guard, Lammy on Monday condemned “dangerous and destabilizing activities” by Beijing…
BEIJING — China warned Britain on Tuesday against “provoking tensions” in the South China Sea after its Foreign Minister David Lammy called Beijing’s actions in the disputed waters “dangerous and destabilizing.” In a video partly filmed alongside a vessel belonging to the Philippine Coast Guard, Lammy on Monday condemned “dangerous and destabilizing activities” by Beijing…
Scammers could be using illegal radio jammers to transmit text messages with a sender ID prefixed with a hashtag, a symbol only available to registered companies, Hong Kong communications authorities warned on Friday. The Office of the Communications Authority (OFCA) said some people had reported receiving suspicious text messages with a “#” symbol, used in…
Scammers could be using illegal radio jammers to transmit text messages with a sender ID prefixed with a hashtag, a symbol only available to registered companies, Hong Kong communications authorities warned on Friday. The Office of the Communications Authority (OFCA) said some people had reported receiving suspicious text messages with a “#” symbol, used in…
HONG KONG — Chinese internet giant Baidu reported its biggest quarterly sales contraction in two years as online ad sales, the company’s core revenue source, fell short of expectations. In an earnings call, interim Chief Financial Officer He Junjie said he has not seen “notable improvement” in advertising spending from key clients despite Beijing’s recent…
HONG KONG — Prominent economist Stephen Roach has warned against underestimating U.S. President-elect Donald Trump’s campaign promise to slap heavy trade tariffs on China and the rest of the world. “There is a great conviction that the world economy is in perfect shape right now, but here I tell you that is overly optimistic,” Roach,…