Business
Bank of England Governor Andrew Bailey will acknowledge progress in curbing inflation in the UK but warn that interest rates may need to stay higher for longer than anticipated due to concerns about the labour market. In a speech at the Federal Reserve's annual Jackson Hole symposium in
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The Bank of England's Governor, Jerome Powell, has unequivocally signalled that lower interest rates are on the cards, marking a significant development in the central bank's historic fight against inflation. In a keynote speech at the annual gathering of central bankers and economists in Jackson Hole,
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Federal Reserve Chair Jerome Powell indicated on Friday that interest rate cuts are on the horizon, though he refrained from providing specific details on the timing or magnitude of the reductions. Delivering his highly anticipated keynote address at the Fed's annual Jackson Hole symposium in Wyoming, Powell declared,
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The Bank of England's (BoE) counterpart, the US Federal Reserve (Fed), is poised to announce a shift in its monetary policy, with Chair Jerome Powell delivering a key speech at the annual Jackson Hole Economic Symposium. All eyes are on Powell's address, expected to outline a
Business
BlackRock's closed-end funds (CEFs) have announced the expiration and preliminary results of their tender offers, revealing a strong appetite for liquidity among investors. The three funds, BlackRock MuniVest Fund (MVF), BlackRock ESG Capital Allocation Term Trust (ECAT), and BlackRock Innovation and Growth Term Trust (BIGZ), each offered to
Business
Zurich and London - Nestle, the world's largest food and beverage company, has parted ways with its CEO, Mark Schneider, in a sudden move attributed to the group's recent underperformance. This decision, announced late Thursday following a board meeting, brings an end to Schneider's
Business
A new study has revealed that Washington D.C. is the most popular destination for solo travellers in the US. The findings, compiled by OpenTable and Kayak, analysed data from solo bookings at restaurants and hotels across major cities in 2023 and 2024. The study highlights a growing trend in
Business
The ever-popular carwow crew are back with a thrilling EV showdown, pitting a brand-new Highland-spec Tesla Model 3 Performance against a pre-facelift Model 3 Performance. However, this isn't your typical comparison: the older car is a UK model without the standard performance upgrades, lacking the larger wheels, rear
Business
The global infant formula market is poised for significant growth, with projections indicating a value of £65.3 billion in 2024, predicted to reach £130 billion by 2031, demonstrating a compound annual growth rate (CAGR) of 10.3% over the forecast period. Driving Forces Behind the Growing Market:
Business
Jetstar Airways, a subsidiary of Qantas, is facing a class action lawsuit alleging it unlawfully withheld refunds from customers whose flights were cancelled during the COVID-19 pandemic. The legal action, spearheaded by Echo Law, was served on the airline on Wednesday morning. Echo partner Andrew Paull accused Jetstar of prioritising
Business
Waterloo, ON, 22 August 2024 â The hospitality industry is experiencing a perfect storm of challenges, with frontline managers grappling with staff burnout, outdated training, and declining tips, according to a new survey by Axonify. The survey, conducted among 500 US hospitality frontline managers, reveals a worrying picture of staff
Business
The Data Communications Company (DCC) has announced that the UK's smart meter network has reached a significant milestone, with 20 million second-generation (SMETS2) smart meters now installed across the country. The DCC, responsible for managing the UK's smart meter connectivity services, revealed that the landmark 20