Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is ready to pause or pivot rate hikes. Yui Mok | dpa | Getty Images LONDON — The Bank of England on Thursday talked down expectations that it is ready to pause or pivot rate hikes, noting that there …
Bank of England’s Andrew Bailey tempers talk of pause, pivot in hikes Read More »
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty Images Inflation in the euro zone dropped for a third consecutive month in January on the back of a …
Eurozone inflation January 2023 print ahead of ECB rate meeting Read More »
Major central banks set to signal interest rate glide path The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. Joshua Roberts | Reuters The US Federal Reserve, European Central Bank and …
LONDON, ENGLAND – JANUARY 16: Protesters from a range of different trade unions attend a rally against UK government plans to restrict the ability of public sector workers to strike are seen outside Downing Street on January 16, 2023 in London, England. (Photo by Guy Smallman/Getty Images) Guy Smallman | Getty Images News | Getty …
Half a million Brits are taking part in the biggest walkout for 12 years Read More »
British Prime Minister Rishi Sunak speaks during a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Images NewS The UK formally laid out plans to regulate the cryptocurrency industry, with the government looking to rein in some of the reckless business practices that emerged over the past year …
Britain sets out plans to regulate crypto industry in wake of FTX collapse Read More »
European markets were cautiously higher on Friday, after US economic data came in stronger than expected, and with a slew of rate hike decisions due next week. The pan-European Stoxx 600 index was up 0.1% in late morning trade, with all major Bourses muted. Oil and gas gained 1.1% as food and drink stocks fell …
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, US, on Sunday, Oct. 24, 2021. Chona Kasinger | Bloomberg | Getty Images Amazon on Wednesday will begin a fresh round of job cuts in what’s expected to become the largest workforce cuts in its 28-year …
Amazon set to begin new round of layoffs affecting over 18,000 people Read More »
Spanish Prime Minister Pedro Sanchez. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided. …
Europe can learn from Biden’s Inflation Reduction Act, Spain’s PM says Read More »
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning turbine. Hannibal Hanschke | Reuters The European Union’s rejection of Russian energy commodities following Moscow’s invasion of Ukraine won’t last forever, Qatar’s Energy Minister said during an …
European markets closed higher Friday, building on gains from the previous session to notch their highest level since April 2022. The pan-European Stoxx 600 closed up 0.5%, slightly paring earlier gains. Health care stocks added 1.4% to lead the rally while autos dropped 1.7%. Investors around the world are closely monitoring inflation data for clues …
