Despite a minor slowdown in service activity last month, the UK’s economy is on the verge of …
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The Bank of England
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FeatureInternational NewsNews
Britain’s economy slips into mild recession last year
by Aya El Sayedby Aya El SayedBritain’s economy slipped into a mild recession last year, according to official data, posing a challenge for …
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Featureforex newsInternational NewsNewsThe Watch
Major world currencies rise against US dollar
by Aya El Sayedby Aya El SayedThe Japanese yen saw a notable increase against the dollar on Thursday, bolstered by the prospect of …
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FeatureInternational NewsNews
UK job market shrinks 15% in January – Adzuna
by Aya El Sayedby Aya El SayedThe recruitment data company, Adzuna, reported on Monday that UK job advertisements reached a nearly three-year low …
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BanksFeatureInternational NewsNews
HSBC faces £57mln penalty for depositor protection violations
by Aya El Sayedby Aya El SayedThe Bank of England’s Prudential Regulation Authority (PRA) imposed a fine of £57.4 million ($73 million) on HSBC …
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Financial InstitutionsInternational NewsMoneyNews
IMF cautions Europe against ‘premature celebration’ of victory over inflation
by Aya Anwarby Aya AnwarThe European Central Bank and other policymakers in Europe have to keep interest rates at current elevated …
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BanksInternational NewsNews
UK interest rates to reach the highest level since 2008
by Norhan Adelby Norhan AdelThe Bank of England will raise interest rates later Thursday, marking the 12th straight increase since late …
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International News
Shareholders challenge BP to confront climate change risk
by Noha Gadby Noha GadOil giant BP is being challenged to confront the risk that climate change may pose to its …
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The Bank of England’s “funding for lending” scheme (FLS) is expected to be tapped more extensively than …