The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course by a global economy lurching from one crisis to another. On Thursday, British officials appeared to secure a win. The country is set to announce some form of trade deal with the United…
The Bank of England ditched its plan to sell some of its holdings of long-term bonds next week, after U.S. Treasuries led a rout in the global government bond market. Stock markets have taken a hit since President Trump announced steep tariffs on dozens of countries, but the turmoil also swept into the bond market…
Britons are bracing for a burst of higher inflation for much of this year as many household bills jump next month, a revival of the cost-of-living pressures that have squeezed household budgets in recent years. Next month, the average annual energy bill is set to rise 6.4 percent as the price cap resets. Water bills,…
Mar 20, 2025 12:26 PM IST Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news LONDON — The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies…
Mark Carney, Canada’s soon-to-be prime minister, weathered two era-defining implosions in his career as a central banker: the 2008 global financial crisis and Brexit. He has dealt with political chaos, societal upheaval and economic meltdown. Now he faces what is arguably the challenge of a lifetime: Donald J. Trump. Can Mr. Carney negotiate with Mr….
Mark Carney, one of the world’s most prominent central bankers and an evangelist of green investment, announced on Thursday that he was running to be leader of Canada’s Liberal Party and the country’s next prime minister. If he wins, he would lead the party into national elections this year. “I’m here to ask for your…
Elderly Homeowner A generation of homeowners face a retirement crisis as tens of thousands will end up paying off their mortgages after they give up work. Data from the Bank of England shows two in five home loans issued in the second quarter of last year will run past the age at which the owners retire….
Political and business sectors in the UK and Spain have shown interest in Hong Kong’s traditional and emerging financial services, a top minister has said after wrapping up his week-long visit to the two countries. Financial Secretary Paul Chan Mo-po said on Sunday that the two countries were eager to learn how to make use…
UK households are always looking for ways to make their money go further amid the cost of living crisis and savings accounts can help. After years of low rates, high-yield savings accounts are having a moment as the Bank of England decided to keep interest rates on hold at 5%. While homeowners face higher mortgages,…
Wall Street surged to record highs after the Fed cut rates, with the S&P 500 climbing over 1.7% to set a new peak, surpassing its previous record from July. Meanwhile, the Dow Jones Industrial Average rose 1%, also reaching an all-time high, while the Nasdaq Composite jumped 2.7%, though it remains below its record set…