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The Latest Breaking News from ING

Wages are growing and everyone is unhappy

The world ‘real’ betrays the vacuousness of political slogans. Think ‘real alternative’, ‘real change’ or my personal favourite: “Real plans for real people”. It is total fluff.

Evening Standard

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

Inflation may have peaked, but the cost of living pain is far from over

The fall in petrol and oil prices is helping bring down the inflation rate, but an uncertain jobs market urges caution

The Guardian - UK

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U.S. seeks Chinese balloon remnants, says approach to China will stay calm

The U.S. Coast Guard on Monday imposed a temporary security zone in waters off South Carolina during the military's search for debris from a suspected Chinese spy balloon shot down by a U.S. fighter jet, and the White House said it would keep a calm approach to relations with Beijing.

Reuters

China Urges Restraint as US Military Searches for Balloon Remnants

The US military said on Sunday it was searching for remnants of the suspected Chinese surveillance balloon it shot down a day earlier, while Beijing urged Washington on Monday not to escalate the issue or take further action to harm its interests. The drama over the balloon, which Beijing again…

Asharq Al-Awsat

Homeowners and housing market on watch for signs of peak rates into Bank of England hike

Monetary Policy Committee set to lift base rates at high noon on Thursday

Evening Standard

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Fortune

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Is a US Recession Near? Making the Call Is Trickier Than Ever

Traditional economic indicators can’t predict the timing of a downturn, but newer forecasting methods are untested.

Businessweek

Employers cut 35,000 temporary jobs last month. Economists say it may be a preview of what's to come: 'For me, it’s a real warning sign'

Federal Reserve researchers have shown that temporary worker layoffs have, in past recessions, “preceded those in the overall labor market by 6 to 12 months."

Fortune

FTSE 100 nears record high as inflation fears ease

Blue-chip stock index ends week 1% off all-time best as markets across Europe rise amid falling energy prices

The Guardian - UK

UK may avoid 2022 recession after growing 0.1% in November – as it happened

UK economy beat forecasts with 0.1% growth in November, as food and drink businesses benefited from the FIFA World Cup

The Guardian - UK

German economy seen stagnating in Q4, grew 1.9% in 2022

Germany's national statistics office says the country's economy appears to have stagnated in the fourth quarter

The Independent UK

UK economy grew by only 0.1% in November

Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost

The Guardian - UK

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

The Guardian - UK

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Evening Standard

Eurozone inflation down more than expected but further interest rate rises ahead

Rising core inflation has intensified the challenge facing the European Central Bank

Fortune

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

The Independent UK

Asia shares up as sentiments boosted by Fed minutes, US jobs

Asian shares are mostly higher following a rally on Wall Street as investors assessed minutes from the Federal Reserve’s latest meeting of policymakers and welcomed encouraging data on U.S. jobs

Fortune

Interactive map: The home price correction (or lack of correction) in America's 400 largest housing markets

Mark Zandi: The free-fall in home sales will soon bottom out, while the home price correction carries on.

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news in one place.

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The Independent UK

China faces bumpy road to normal as infections surge

China is on a bumpy road back to normal life as schools, shopping malls and restaurants fill up again following the abrupt end of some of the world’s most severe restrictions even as hospitals are swamped with feverish, wheezing COVID-19 patients

ABC News

ING Bank customers missing payments from employers, NAB accepts some responsibility

ING Australia has released a statement, apologising for the inconvenience to customers who have failed to receive their regular salaries over the Christmas period.

AAP

ING fined for missed data deadlines breach

ING Bank has been fined for failing to meet Consumer Data Right deadlines and for making a false or misleading representation to consumers.

The Independent UK

Bank of England expected to hike interest rates again despite softening inflation

Economists predict 0.5 per cent rise despite inflation peak and sharp recession

Manchester Evening News

Bank of England expected to further increase interest rates

Interest rates could shoot to 3.5 per cent from next week following a meeting of the Monetary Policy Committee

The National (Scotland)

More mortgage pressure as Bank of England 'to raise interest rates' further

THE Bank of England is expected to raise interest rates even higher next week at its next meeting, putting further pressure on mortgages.

The Guardian - UK

Star-crossed: Mercedes faces dilemma over dependence on Russia and China

Moscow provides Germany with power, and the Chinese buy the company’s cars in their thousands, but now war and global tensions are darkening the diplomatic weather

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People

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