UK businesses most downbeat about profits since Q4 2020 - BCC

Newsletter Oct 7, 2022 [ International Business Times]( [UK businesses most downbeat about profits since Q4 2020 - BCC]( British companies are the most downbeat about the outlook for their profits since the depths of the COVID-19 pandemic in late 2020 despite widespread plans to raise prices, a major survey showed on Thursday, adding to signs of gloom about the economy. [Prince Harry launches legal action against UK media group]( ANL, also the publisher of The Mail On Sunday and MailOnline, said on Thursday it "utterly and unambiguously" rejected the allegations.  [Learn more about Jeeng]( [UK recruiters report weakest hiring growth in 19 months]( British recruiters saw the weakest growth in hiring in more than a year and a half last month, as signs of an economic downturn made workers more wary about changing jobs and businesses more cautious about hiring, a survey showed on Friday. [EU leaders turn to gas price caps to end energy crunch]( European Union leaders will lock horns on Friday over whether and how to cap gas prices, as they attempt to curb a surge in energy prices that threatens to push the 27-nation bloc into recession and disrupt the EU's cherished single market. [U.S. bill pressuring OPEC+ after oil production cut gains momentum]( Top U.S. senators from both parties on Thursday gave momentum to a bill pressuring OPEC+ after the group this week announced a deep cut in oil production despite lobbying by President Joe Biden's administration to keep the taps open. [Sterling to struggle on, chance of dollar parity on a knife-edge]( Britain's battered pound will be around 3.6% stronger in a year, according to a Reuters poll in which analysts were divided, however, on whether the currency would reach parity with the U.S. [UK government talks tough on immigration -- again]( UK government talks tough on immigration -- again [Euro zone bond yields creep higher after ECB minutes]( Euro zone government bond yields edged up towards September's multi-year highs on Thursday, with analysts reckoning that the recent bond rally was too early as inflation might still surprise on the upside. [Stocks mostly retreat, pound drops]( Equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession fears despite hopes that the US Federal Reserve will tame the pace of aggressive interest rate hikes. [Norway expects to earn record $131 billion from oil and gas in 2023]( The Norwegian government expects record income next year from its oil and gas industry, it said on Thursday, predicting a rise of 18% from this year's level and a fivefold increase over 2021 as production rises and prices soar. [Netherlands must bring asylum centres up to EU standard, court says]( A Dutch court on Thursday ordered the government to bring conditions in Dutch emergency asylum centres up to European Union standards and said vulnerable refugees should no longer be housed there. [Inflation puts squeeze on Spain's legendary lunch menu]( Dreamt up in the 1960s to attract tourists, Spain's three-course "menu del dia", or set lunch menu, has long been seen as the best deal in town. [In Apple's shadow, Google takes new route to face recognition on Pixel phones]( Facial recognition returned to the latest Google Pixel phones on Thursday after a short hiatus due to challenges on cost and performance, according to three former employees at the Alphabet Inc unit knowledgeable about the efforts. [Gunman murders at least 37 in Thai nursery attack]( A former police officer shot dead at least 37 people, most of them children, when he stormed a nursery in Thailand on Thursday in one of the kingdom's deadliest mass killings. [Latest four-member SpaceX crew, including cosmonaut, welcomed aboard Space Station]( A four-member SpaceX Crew Dragon team, including a Russian cosmonaut and the first Native American woman sent to orbit, safely docked with the International Space Station (ISS) on Thursday and moved aboard to begin a five-month science mission. [England hot favourites at record-breaking women's Rugby World Cup]( Confident England are red-hot favourites but holders and hosts New Zealand will have a point to prove when the women's Rugby World Cup starts on Saturday in record-breaking fashion. [Rashford rescues Man Utd in Cyprus as Arsenal cruise in Europa League]( The Gunners are top of Group A after back-to-back wins. Their clash with PSV Eindhoven last month was rescheduled following the death of Queen Elizabeth II. You Might Like    [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.