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BOE takes step towards raising rates as inflation seen spiking

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Bloomberg The Bank of England signalled that its concerns over inflation are strong enough to warrant the withdrawal of some support to the UK economy over the next three years. Policy makers led by Governor Andrew Bailey said they now expect annual price growth to peak higher than expected around 4%. While most of the increase may prove temporary, meeting ...

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Apple defends its new child safety features

Apple introduces new 9.7 inch ipad with apple pencil support

Bloomberg Apple Inc defended concerns about its upcoming child safety features, saying it doesn’t believe its tool for locating child pornographic images on a user’s device creates a backdoor that reduces privacy. The Cupertino, California-based technology giant made the comments in a briefing, a day after revealing new features for iCloud, Messages and Siri to combat the spread of objectionable ...

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EV maker Li Auto raises $1.5b in Hong Kong listing

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Bloomberg Chinese electric vehicle maker Li Auto Inc has raised HK$11.8 billion ($1.5 billion) in its Hong Kong listing, adding to the cohort of US-traded mainland companies selling shares in the Asian financial hub. Li Auto priced 100 million shares at HK$118 each, it said in a statement to the city’s stock exchange. The price represents a discount of about ...

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