The rate cut is the bank’s fifth since last August, when policymakers began to lower borrowing costs from a 16-year high of 5.25%.
Category: 3. Europe
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Bank of England cuts its main interest rate to 4%, the lowest level since March 2023
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Bank of England cuts rates to stop UK slowdown turning into a slump – POLITICO
Reeves’ decision last year to increase employers’ National Insurance contributions and jack up the National Living Wage have led companies to shed jobs, pushing unemployment up to its highest in four years. The Bank said in its new Monetary Policy Report on Thursday that it expects the…
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Canadian wildfire smoke travels 5,000 km, blankets European skies
Smoke from Canada’s raging wildfires has travelled over 5,000 kilometres across the Atlantic Ocean, reaching parts of Europe and blanketing cities with haze and black carbon. Over the past 24 hours, the eastern regions of the continent have…
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Macron takes aim at Algerian officials in major diplomatic escalation – POLITICO
France and Algeria have had a complex relationship since the North African country gained independence after more than a century of brutal French occupation. Tensions reached a fever pitch last year when Paris recognized Morocco’s sovereignty over Western Sahara, aligning with Spain, the…
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Wrapped up in strikes: German döner lovers face shortages and sizzling prices
Workers at the Birtat Meat World SE factory in southwestern Germany have gone on strike again amid a salary dispute.
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Former Superman actor Dean Cain says he’s joining Trump’s ICE agency to ‘help save America’
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Dean Cain, the actor best known for playing Superman in the 90s TV series Lois & Clark:…
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Germany to extend beefed-up border checks – POLITICO
A Berlin court ruled in June that the government’s push to turn away asylum-seekers at its borders violates European law. Dobrindt, however, challenged the scope of the court’s decision, suggesting it only applied to the three Somalis mentioned in that case.
Dobrindt’s migration…
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Exploring 3 Undiscovered Gems in Europe for Potential Growth
Amidst a backdrop of trade negotiations and economic indicators pointing to a stagnant yet resilient European economy, the pan-European STOXX Europe 600 Index recently posted a decline of 2.57%, reflecting broader market sentiment…
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US President Donald Trump's sweeping global tariffs go into effect
The move comes after Washington paused its “reciprocal tariffs” for almost four months to allow countries to negotiate trade deals with the US.
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Mexico was the only country to get a 90-day tariff reprieve from Trump. Here’s why.
Mexico has been in President Donald Trump’s crosshairs over border security and fentanyl for more than a decade. Yet it is the sole country to win a 90-day extension on trade talks, after steep penalties on dozens of other countries kicked in Thursday.
The reprieve reflects several months…
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