News UK’s economy shrinks unexpectedly 0.5% in July Nada Ali Sep 13, 2023 0 Britain's economy fell 0.5 percent in July from June at an unexpectedly sharp rate, that will add to worries about…
Banks BOE hikes interest rates to 5% – highest since 2008 Yassmine Elbehnaihy Jun 22, 2023 0 The Bank of England (BOE) has increased interest rates by 50 basis points, to five percent on Thursday, the bank’s…
Banks BOE: British people should accept they are poorer Yassmine Elbehnaihy Apr 30, 2023 0 Bank of England’s (BOE) top economist, Huw Pill said “people in the UK need to accept that they are poorer,…
Banks Bank of England on high alert amidst current turmoil Yassmine Elbehnaihy Mar 29, 2023 0 Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
International News UK CPI inflation jumps to 10.4% in Feb. Norhan Adel Mar 22, 2023 0 The Office for National Statistics announced on Wednesday UK's consumer price index (CPI) reached 10.4 percent in…
Banks HSBC pays £1 to rescue UK Silicon Valley Bank Nada Ali Mar 13, 2023 0 HSBC UK Bank, announced on Monday that it has agreed to acquire Silicon Valley Bank U.K. (SVB) for £1 ($1.21), the…
Banks BOE faces critical policy decision with pound reach its lowest level Nada Ali Sep 21, 2022 0 The Bank of England’s (BOE) governor Andrew Bailey has reiterated his commitment to reining the inflation, but the…
Feature ECB to start discussion on shrinking its balance sheet earlier on October – report Nada Ali Sep 12, 2022 0 The European Central Bank (ECB) agreed to start discussions on shrinking its balance sheet in early October,…
International News Britain’s next prime minister to be announced today Nada Ali Sep 5, 2022 0 UK will name its new prime minister on Monday following a hard and bitter competition for leadership within the…
News UK house price surges – Nationwide says Nada Ali Sep 1, 2022 0 UK house average price stands at £273,751 ($316,487) up from £271,209 in July as it represents an increase of…