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The Latest Breaking News from ING

UK mortgage arrears rise as high interest rates hit borrowers – as it happened

Major banks are accused of a staggering lack of compassion as more borrowers fall behind on their mortgages

The Guardian - UK

Fortune 500 Europe: Germany the biggest business powerhouse on the continent

In Fortune's first-ever ranking of Europe's top 500 corporations by annual revenue, Germany stands out with the highest representation, boasting a total of 80 companies in the rankings.

Fortune

City bets that interest rates have already peaked as data shows UK economy slowing

Markets are pricing in a roughly two-in-three chance that rates have already peaked.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

How TSMC and other firms making the most advanced semiconductors are getting a reprieve from Biden's chip war on China

TSMC is the third chipmaker to get a U.S. waiver to supply equipment to factories in China, following Korean firms Samsung and SK hynix.

Fortune

China is again on the brink of deflation as the country's flat September CPI revives 'real risk' of falling prices

China's disappointing September CPI shows that the country's economy is still struggling with low consumer confidence.

Fortune

American consumers are taking their foot off the spending pedal as bargain prices become rarer, former Walmart US CEO says

Bill Simon, who led the retail giant for four years, said there is one subtle sign that retailers are no longer offering ultra-competitive prices.

Fortune

WTO slashes growth forecast for global goods trade by more than 50%

Persistently high interest rates have had chilling effect on consumer spending, says trade body

The Guardian - UK

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Cutting the card: how Payconiq is building a borderless future for European payments

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

Pounded: Sterling heads to worst month for a year

THE pound remained under intense selling pressure today as global investors backed the dollar leaving sterling on track for its worst month since Liz Truss’s disastrous mini-budget a year ago.

Evening Standard

What happens if a university goes bust?

Governments face difficult choices when industries fail. They can stand by while private businesses collapse and see the resulting loss of jobs and revenue. Or they can step in and use public money to prop up these firms.

The Conversation

Bank of England interest rate decision on knife edge after inflation fall

Markets revise forecasts, raising chance interest rates may be kept on hold for first time in two years

The Guardian - UK

Single parents face higher health insurance premium increases than other families, analysis shows

Consumer advocacy group Choice finds single parents face cost hikes of up to 70% when adding dependants while most two-parent families face no increase

The Guardian - AU

Recession 'can't be ruled out' as UK economy shrinks at quickest pace in seven months

THERE are renewed concerns that the UK could be facing a recession as the latest figures show the

The National (Scotland)

UK house prices tumble 4.6% in year to August; pound at lowest since June – as it happened

UK house prices are falling at fastest pace since 2009 on annual basis, reports Halifax, down in every region

The Guardian - UK

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news in one place.

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The Week

What went wrong with the German economy?

Europe’s largest economy is engulfed by gloom following forecasts that it will suffer the G7’s only contraction this year.

The Guardian - UK

Markets rally as China steps up support for economy and Country Garden strikes debt deal – as it happened

Rolling coverage of the latest economic and financial news, as stocks rally as Country Garden agrees extension to its onshore debt payments

Fortune

American families may soon max out their credit cards, top analyst warns, and be hung out to dry

"The clear threat is that many struggling households may soon find their credit cards are being maxed out and they can’t obtain more credit."

The Guardian - AU

‘Confirmshaming’: report reveals subscription traps and hidden costs targeting Australian consumers

Treasury paper identifies ways to crack down on unfair practices that nudge, manipulate or trick people into handing over money or data

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news in one place.

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One news app.

The Guardian - UK

‘Be flexible, imaginative and brave’: experts give career advice for an AI world

Artificial intelligence is on track to shake up work. So what should the next generation of workers be trying to pursue?

The Guardian - UK

UK interest rates to peak at 5.5% in September, economists predict

Experts surveyed by Reuters expect inflation to continue falling in fourth quarter

The Independent UK

Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earnings

Asian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week

The Guardian - UK

Is Germany’s great economy sinking into ‘slowcession’?

Key data this week will offer a hint as to whether the eurozone’s powerhouse can shake off recent stagnation

Autosport

The biggest incidents of F1 cheating: Spygate, Crashgate and more

Formula 1 is populated by drivers and teams alike who revel in the competitive aspect, and will do whatever it takes to win.

Evening Standard

Bank of England set to raise interest rates above 5% today

The City braces for a hike of at least a quarter-point, taking base rates to their highest since 2008

The Guardian - UK

Battery power: how China could take charge of the electric vehicle market

The country’s manufacturers are starting to dominate not just sales charts, but also supply chains for crucial materials

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