Eshe Nelson
Posts
Bank of England Holds Rates Steady but Signals Gradual Easing
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
Central Banks Around the World Are Cutting Rates
Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.
Harland & Wolff, Titanic Shipbuilder, Files for Bankruptcy
For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in...
European Central Bank Cuts Rates for Second Time in Three Months
The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.
U.K. Economy Buoyed by Reports on Growth, Inflation and Jobs
After ending last year in a recession, Britain’s economy has so far bounced back this year.
To Solve Its Housing Crisis, Britain Turns to an Old Idea: New Towns
By reviving an idea from the 1940s, the Labour Party government is hoping to overcome the development hurdles that have plagued previous efforts with a...
Elon Musk Clashes With Keir Starmer Over Riots in UK
Over the past few days, the billionaire has posted incendiary comments about violent protests on the social media platform he controls, drawing the ire of...
Bank of England Cuts Interest Rates for First Time Since 2020
Central bank policymakers lowered rates to 5 percent amid lower inflation in Britain, but they warned that future rate cuts would come slowly.
Chancellor Rachel Reeves Axes Projects After Reviewing $28 Billion Budget Hole
Rachel Reeves, the chancellor of the Exchequer, cut some infrastructure funding and pensions benefits, adding that more “difficult decisions” would come later this year.
What We Know About the Global Outage
Everything from airlines to banks to retailers were impacted in many countries.