Category: mounting
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Record surge in long-term sickness claims baffles experts amid mounting benefits costs
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Britain’s high sickness bill has left policymakers and economists scratching their heads, with near-record numbers of workers absent for long-term health reasons costing the public purse more than £65.7bn a year. Some 2.8 million people are now claiming disability and disability benefits, well above pre-pandemic levels, and the House of…
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The calls are mounting for the ECB to cut rates in October and beyond
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Lagarde Barclays issued a note predicting that the ECB will cut the ECB by 25 basis points on October 17. They are behind the curve in that as the market has turned dramatically in the last couple of weeks and now place a 94% chance of a cut. . This…
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Boeing grounds 777X test fleet after finding cracks in engine mounting structure (NYSE:BA)
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sanfel/iStock Editorial via Getty Images BoeingNew York Stock Exchange: BA) He is Grounding its 777X test fleet After inspection found cracks in the main engine mounting structure, Air current It was reported on Monday. Boeing (BA) has orders for 540 new aircraft that it plans to begin delivering. In 2025,…
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Urgent reforms needed to tackle mounting debt crisis in Africa
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Africa’s debt stocks have grown significantly over the past decade. Understandably, African governments took advantage of historically low interest rates in the 2000s and borrowed heavily from international capital markets and China. But debt has become more expensive lately. Since 2020, the impacts of COVID-19 and the ongoing war in…
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Lady Bamford’s Daylesford Organic Faces Mounting Losses
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Lady Bamford’s popular farm shop, Daylesford Organic, has announced a major financial contraction, posting a £3.6m loss last year as customers increasingly turn away from its premium produce. The sharp decline follows a modest loss of £291,000 the previous year, representing a worrying reflection on the company’s growth and profitability…