Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty Images European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any … Read more
The exterior of the Bank of England in the City of London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Friday announced a “once in a generation” overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. The review — initiated following criticism of … Read more
Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June. “If the Governing … Read more
Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy. Emanuele Cremaschi | Getty Images News | Getty Images Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday, boosting expectations for interest rate cuts to … Read more
WikiLeaks’ founder Julian Assange leaves Westminster Magistrates Court in London, Britain. Henry Nicholls | Reuters WikiLeaks founder Julian Assange on Tuesday was granted permission by a U.K. court to appeal his extradition to the U.S., where he is wanted on spying charges. Assange will therefore not be extradited immediately, the court said. The ruling from … Read more
Executive Vice-President of the European Commission for a Europe fit for the Digital Age (Competition), Margrethe Vestager, holds a press conference on “Apple on App Store rules for music streaming providers” in Brussels, Belgium on April 30, 2021. (Photo by Dursun Aydemir/Anadolu Agency via Getty Images) Dursun Aydemir | Anadolu | Getty Images The European … Read more
Britain’s Catherine, Princess of Wales and Britain’s Prince George of Wales (L) leave after attending the Royal Family’s traditional Christmas Day service at St Mary Magdalene Church on the Sandringham Estate in eastern England, on December 25, 2023. Adrian Dennis | Afp | Getty Images LONDON — The Princess of Wales on Friday revealed she … Read more
LONDON — The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected. The Monetary Policy Committee voted 8-1 to keep rates steady, with one member voting to cut by 25 basis points to 5%. Notably, no members voted for further … Read more
A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Images Shares of French luxury group Kering plunged 13% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining … Read more
Plane contrails streak across the sky over Regent Street on February 15, 2024 in London, England. Dan Kitwood | Getty Images U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January. Month-on-month, the headline consumer price index rose by 0.6%, returning to positive territory … Read more
