The Bank of England pictured in December 2024.Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation rose to an eight-month high.Economists had widely expected a rate...
The columns of Royal Exchange are dressed for Christmas, at Bank in the City of London, the capital's financial district, on 20th November 2024, in London, England.Richard Baker | In Pictures | Getty ImagesLONDON — U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday,...
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024.Joel Saget | Afp | Getty ImagesFrench lawmakers will hold a no-confidence vote in the fragile minority government of Prime Minister Michel Barnier on Wednesday, as economists warn the political stalemate likely to ensue will...
The stalls at the 590th Dresden Striezelmarkt are brightly lit at the opening.Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target.Economists polled by Reuters had expected the 2.3%...
EasyJet on Wednesday said it made £3.59 billion ($4.5 billion) from charging passengers for flight and holiday add-ons such as extra baggage in the full year to October, as the budget airline's CEO criticized a recent Spanish fine over the practice.The easyJet group, which includes an airline and a...
A general view shows the leaves turning yellow in a vineyard at the end of the harvest season in the Siebengebirge mountain area along the Rhine River in Bonn, Germany, on October 25, 2024. Nurphoto | Nurphoto | Getty ImagesInflation in the 20-nation euro zone rose to 2% in October,...
People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain.Miguel Pereira | Getty Images News | Getty ImagesThe euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday.Economists polled by Reuters had expected growth...
Signage shines through a window reflecting Barclays head office in Canary Wharf, London, U.K.Bloomberg | Getty ImagesLONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.The result compared with the £1.17 billion net profit forecast in an LSEG poll...
Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance."The assumption is you'll have higher inflation, higher interest rates than you would have in the absence of...
General view of the City of London skyline, the capital's financial district, in October.Sopa Images | Lightrocket | Getty ImagesLONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand.The IMF now...