The Latest Breaking News from ING

German industrial workers to get pay raises in 2-year deal

Germany’s biggest industrial union has agreed with employers on a pay deal that will see millions of workers get raises totaling 8.5% over two years as well as one-time payments meant to cushion the effect of sky-high inflation

The Independent UK · Nov 18, 2022

Asian stocks mixed after Wall St falls, China retail slows

Asian stocks are higher after Wall Street gave back some of last week’s huge gains, the American and Chinese presidents met and China’s consumer spending shrank in a sign its economy is weakening

The Independent UK · Nov 15, 2022

Londoners brace for a long recession and numbers out on Friday could be the start of it

Attention in the boardrooms and cab ranks of the capital turns to looming GDP readout

Evening Standard · Nov 9, 2022

Bank of England expected to raise interest rates by 33-year high to 3%

Warnings that cuts and tax hikes could lead to deeper and longer recession

Wales Online · Oct 28, 2022

European Central Bank hikes interest rates, fuelling recession fears

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

The Guardian - UK · Oct 27, 2022

Asian shares mostly lower on worries over China outlook

Shares are mostly lower in Asia as markets remain shaken over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party leadership

The Independent UK · Oct 25, 2022

ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Asharq Al-Awsat · Oct 24, 2022

Trussonomics’ true cost will be austerity and spending cuts to fill the fiscal hole

Expect also a harder downturn if market credibility is to be restored, with a 2% contraction in GDP

The Guardian - UK · Oct 20, 2022

Australian banks close hundreds of branches and ATMs as services move online

Since 2017, Australia has seen a 30 per cent drop in available bank branches nationally, with more than 300 closing in the past financial year.

ABC News · Oct 19, 2022

Pound rises and UK borrowing costs drop as Hunt scraps measures

Yield on 30-year UK government bonds plummets as chancellor reverses more of Kwarteng mini-budget

The Guardian - UK · Oct 17, 2022