Monthly Archives: May 2022

Research: Rating Action: Moody’s downgrades the underlying rating of Catalyst Higher Education (Sheffield) plc from A3 to Baa2; Outlook remains stable

London, 31 May 2022 – Moody’s Investors Service (“Moody’s”) today downgraded the underlying rating of the index linked guaranteed senior secured bonds due 2045 (the “Bonds”) issued by Catalyst Higher from A3 to Baa2 Education (Sheffield) plc (CHE or ProjectCo). The outlook remains stable. REASONS FOR VALUATION The downgrade reflects …

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Anne Boden from Starling Bank hires fintech from London

Looking out of the new offices of online bank Starling, Anne Boden sees the familiar, unassuming surroundings of the Welsh capital, Cardiff, rather than the skyscrapers of London’s financial district, the City. “We have great universities in Cardiff and we have great talent here, we use that talent to create …

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UK retailers warn against switching to imperial measurements

Britain’s retailers have warned Prime Minister Boris Johnson that his plan to bring back imperial measures will push up the prices of goods – because they would need to be relabelled – while consumers grapple with the worst cost-of-living crisis in a generation. The British Retail Consortium, which represents some …

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Compliance experts claim that there is still a place for ARs in P2P

A compliance expert has claimed that despite the crackdown by the city regulator, there is still a place for Appointed Representatives (ARs). Mark Turner, managing director of Kroll’s financial services compliance and regulation practice, said many ARs follow the rules and operate in line with regulator expectations and will continue …

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“I visited the lovely London street which is one of the best hidden gems in the city and it was like something out of a Hollywood movie.”

The most famous colorful streets of London are on Portobello Road and Notting Hill. But tucked away behind Oxford Street is Marylebone Lane. Although relatively unknown, its quiet charm makes it a must-see in the capital. The charming lane is considered one of the premier streets of the Marylebone area. …

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‘Little knife in the rural economy’ as bird shortages mean a number of shoots are being cancelled

Partridge and pheasant drives, which begin in September and October, are now making preparations – such as planting cover to benefit wild birds and other wildlife. They face losing that money if they have to cancel later. Mr Breitmeyer said: “If we could get the eggs in the country now, …

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JPMorgan Chase’s digital banking experiment in the UK looks promising

About eight months ago JPMorgan Chase (JPM 1.41%), America’s largest bank, has launched a digital consumer bank in the UK. The goal was not only to establish a presence in the UK consumer banking market, but also to pilot a digital banking model that can be scaled to other countries …

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Secret files on US government doomsday powers released • The Register

Additional papers detailing the orders and messages the US President can issue in the event of apocalyptic crises, such as a devastating nuclear attack, have been declassified and released for all to see. These government files are part of a larger collection of records that discuss the nature, scope, and …

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Russian crooks sell stolen university certificates • ​​The Register

According to the FBI, Russian crooks sell network credentials and virtual private network access for a “variety” of US universities and colleges in criminal marketplaces. These stolen credentials are being sold for thousands of dollars on both the dark web and public internet forums, according to an alert issued Thursday, …

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Boris Johnson snags a big idea from Labor to save himself – for now

Placeholder when loading item promotions It is rare for the Labor Party to embrace a range of Conservative policy announcements so comprehensively. On the other hand, opposition leader Keir Starmer’s shadow bench really cheered Boris Johnson’s government when it accepted Labor calls for a windfall tax on energy companies and …

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Google’s advertising practices in the UK examined

In today’s headlines from Europe, the Middle East and Africa, the UK’s Competition and Markets Authority is launching its second inquiry into Google’s advertising practices this year. Also, ultra-fast food services are starting to shed jobs, the FCA is trying to streamline the London Stock Exchange’s listing rules and BNPL …

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Beach Group plc (LON:OTB)’s market cap falls to £340m but insiders who sold £783,000 of its shares hedged their losses

Insiders UK sold £783,000 last year On the Beach Group plc (LON:OTB) at an average price of £229 per share, giving it the best bang for its buck. After the share price fell 10% last week, the company’s market value fell by £39 million, but insiders were able to cut …

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New, improved events are coming to London

25th May – There will be new and improved events in the Laurel area this summer thanks to the organizers and sponsors of the City of London Tourism Commission. One of the former funfair’s most popular attractions was the truck and tractor pulls – and these enthusiasts will be having …

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China admits economy is worse now than it was during the pandemic

GGood Morning. As the rest of the world grapples with a deepening food crisis, Russia has been quietly benefiting. Putin’s invasion of Ukraine has pushed global wheat prices by 50 percent to near record highs this year, raising fears of widespread famine and starvation. But the Kremlin has continued to …

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West End landlord Shaftesbury is benefiting from London’s skyrocketing rents

Tuesday, May 24, 2022 7:23 am (Photo by Dan Kitwood/Getty Images) West End landlord Shaftesbury has reaped the rewards of skyrocketing London rental growth as its portfolio’s valuation swells with the unveiling of the new Elizabeth line. The real estate investment trust has taken in nearly £19m in rent in …

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“Over £812,000 in e-commerce sales”: How Future plc’s PetsRadar weathered the pandemic | News in publishing

Launched by Future plc in September 2020, PetsRadar has grown into one of the publisher’s most successful launches in recent years and is now comfortably in the top 50 brands in the US Lifestyle/Pet category according to Comscore. The launch of the new title has been met with raised eyebrows, …

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Should You Invest in Banks Amid Higher Inflation?

British banks have been largely overlooked and unloved by investors in recent years, and perhaps for good reason. Over the past decade, the FTSE All-Share has delivered a total return of 99.6%, while the UK banking sector has returned a paltry 17.5%. Much of this dismal performance can be attributed …

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Plane overturned, power outages and downed trees as a result of Saturday’s storm

The weather quickly changed from hot and humid to blustery winds and heavy rain late on Saturday morning, leaving widespread damage in Greater London. Much of southwestern Ontario got a taste of the thunderstorm, with Environment Canada forecasting 100 mph winds and hail. Damage in the London area, including north, …

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Experian plc’s (LON:EXPN) market cap falls to £23 billion, but insiders who sold $3.5 million in shares have hedged their losses

Last year, insiders sold $3.5 million worth of shares Experian plc (LON:EXPN) at an average price of $32.48 per share, giving them the most bang for their buck. The company’s market value fell by £1.3 billion last week after the share price fell 5.3%, although insiders cut their losses While …

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“My bank said I had to quadruple my mortgage payment or sell my house”

Those who have suddenly struggled to fill the gap have turned to declassifying stocks. In the first three months of this year, 42 percent of equity release clients used the money to pay off a mortgage, according to Key Later Life Finance, a financial planner. This accounted for more than …

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Consultations begin on plans to expand London’s Ultra Low Emission Zone

A Consultations have been launched on plans to expand London’s Ultra Low Emission Zone (Ulez) to cover the city as a whole. Sadiq Khan, the capital’s mayor, is proposing to extend the plan’s boundary from the North and South Circular Roads to the whole of Greater London from August 29 …

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Trelleborg AB (Sweden) and the Freudenberg Group (Germany) are leading players in the pharmaceutical processing seals market

“Search 143 Market Data Tables and 36 Figures spread over 162 Pages and Detailed TOC on “Pharmaceutical Processing Seals Market”” Pharmaceutical Processing Seals by Material (Metals, PTFE, Nitrile Rubber, Silicone, EPDM, FKM, FFKM, UHMWPE, PU), Type (O-Ring Seals, Gaskets, Lip Seals, D-Seals), Application (Production Equipment) and Region The market size …

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Chancellor outlines further economic support for Ukraine at the G7 meeting in Bonn

Rishi Sunak also discussed how global partners can continue to work together to mitigate the impact of war on the global economy He will also urge G7 colleagues to keep up the momentum and implement the historic agreement on global tax reform – to ensure companies pay their fair share …

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Brexit news: Tory MP warns Britain will need ‘a few years’ to digest economic hit | Politics | news

Alistair Burt said Brexit has cost the UK a lot of money as leaving the European Union has worsened trade relations and exacerbated the cost of living crisis. The former Conservative MP argued the economy would recover more slowly from recent inflation figures because of the nation’s decision to pro-independence. …

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Are Johnson Service Group PLC’s (LON:JSG) Mixed Financials the Reason for Its Dismal Stock Market Performance?

It’s hard to get excited looking at the recent performance of Johnson Service Group (LON:JSG) when the stock is down 28% over the past three months. It seems that the market has completely ignored the positive aspects of the company’s fundamentals and decided to give more weight to the negative …

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The Day – Like New London itself, the music scene is diverse

New London — Andrew “Suave-Ski” Camacho carries two boxes of flavorful pizza through the doors and into ArtFlame’s quaint studio in an artist-filled downtown corner of the city. Three aspiring artists are at State Street Studio: 19-year-old Krystalya “K.Rose” Arroyo-Casey, 17-year-old Demarcus “Markeyy” Green, and Camacho’s son, 9-year-old Cayden “King …

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Hikvision sanctions signal uncharted territory from UK to Vietnam | technology

Taipei, Taiwan – The world is watching as Washington is reportedly preparing to impose unprecedented sanctions on Chinese state-owned surveillance technology company Hikvision, a move Beijing is reportedly weighing countermeasures for. The sanctions could raise tensions between the United States and China to a new level, but they are also …

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Landbay changes its name to Broker Po…

Specialist buy-to-let fintech lender Landbay has launched its most comprehensive and intuitive brokerage portal amid a bold new brand. The new brand is intended to set Landbay apart from the industry’s traditional image – and the brand line, “Your credit partner” reflects the trusting relationships Landbay has with …

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The US removes the Jewish extremist Kahane movement from the black list of terrorists

COLOMBO: Sri Lankan authorities on Sunday completely lifted a nationwide curfew to mark the Buddhist holiday of Vesak, giving people a chance to celebrate as the nation weathers its economic and political crisis. The curfew was imposed on May 9 after once-peaceful protests turned violent, killing at least nine people …

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Traders bet £5bn against the pound

Sterling is being hit by a double whammy of recession concerns and expectations that the Bank of England will not hike interest rates as aggressively as the US Federal Reserve. Lee Hardman, currency analyst at MUFG, warned that the prospect of the pound slipping below $1.20 is “certainly very likely …

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Machine Safety Market Analysis by Size, Share, Growth, Application, Segmentation and Forecast to 2029 – SMU Daily Mustang

New Jersey, United States – The Machine Safety Market report includes the upcoming challenges and opportunities in the market. It ensures a strengthened market position and a growing product portfolio by providing all the important details about market growth. It reveals some of the key insights and focuses on the …

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Digital Lending Platforms Market Size, Share, Trends, Outlook and Forecast to 2029 – SMU Daily Mustang

New Jersey, United States – That Digital Lending Platforms Market The report includes the upcoming challenges and opportunities in the market. It ensures a strengthened market position and a growing product portfolio by providing all the important details about market growth. It reveals some of the key insights and focuses …

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Is BT Group plc (LON:BT.A) 9.0% ROE below average?

Many investors are still learning about the various metrics that can be useful when analyzing a stock. This article is intended for those who want to learn more about return on equity (ROE). To keep the lesson hands-on, we’ll use ROE to better understand BT Group plc (LON:BT.A). ROE, or …

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Speed ​​is king in the City of London first leg

The ten trotting divisions of the first leg of the City of London Series at the Western Fair District raceway saw an early pace on Friday (13 May). Racing at the raceway in the Western Fair District The quarter-leading horses won eight of the night’s ten $8,000 events. There were …

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Nine Worrying Signs for the Economy

Sign up for Derek’s newsletter here. The American economy is not looking good right now. US GDP contracted in the last quarter despite a good performance by American consumers. Inflation is high; Markets are down; Both wages and personal savings rates are showing some worrying statistical signals. Is the US …

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Credit Strategy – CS – Breaking News

88.8% of creditors voted in favor of the new business model, with the company receiving 145,532 votes in favor and 18,401 votes against. The scheme proposes an initial contribution of £97m to be generated from internal resources – with a significant part coming from the reduction of the existing loan …

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Is DS Smith Plc (LON:SMDS) Latest Performance Underpinned By Weak Financials?

DS Smith (LON:SMDS) had a tough three months, falling 19%. To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. In this article, we have chosen to focus on DS Smith’s ROE. ROE, or return on equity, is …

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Elizabeth line: London unveils new tube line, 10 floors underground

Placeholder when loading item promotions LONDON –– The world’s oldest underground rapid transit system — the beloved, smelly, iconic, clinking, overcrowded Tube — is on the verge of its biggest expansion in decades with the opening of the super-fast and library-silent Elizabeth Line, which promises to Transforming the city for …

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EUR/GBP revisits 7-month high near 0.8600 after hawkish ECB talk, UK GDP in eye

EURGBP extends previous day’s gains to refresh multi-day top, dragging higher of late. Lagarde, de Guindos from the ECB flashed signals for a rate hike in July in their recent speeches. Brexit negatives, doubts over BOE next moves weigh on GBP ahead of key UK data. EURGBP bulls are taking …

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Britain pledges military aid to Sweden and Finland as they move closer to joining NATO against Putin’s wishes

The UK on Wednesday signed new security deals with Sweden and Finland aimed at strengthening the two countries’ defenses against Russia on their way to NATO membership. The UK has pledged to defend either country if support is requested in the event of an attack. The agreements are mutual. In …

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Road closure along Highbury Avenue between Hamilton Road and Highway 401 Wednesday – London

On May 11, Highbury Avenue between Hamilton Road and Highway 401 will be closed, according to a public notice from the City of London. The closure is expected to begin around 6:45 a.m. Wednesday and last until around 3:00 p.m. for infrastructure maintenance and scheduled ditching along the road. As …

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Boris Johnson promises to strengthen UK powers to fight white-collar crime

British Prime Minister Borris Johnson walks through members’ lobby for the State Opening of Parliament at the Palace of Westminster in London, Britain May 10, 2022. REUTERS/Toby Melville/Pool Sign up now for FREE unlimited access to Reuters.com to register LONDON, May 10 (Reuters) – British Prime Minister Boris Johnson is …

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Gofore in good growth form – New contracts eg with the Tax Administration and the City of Helsinki

GOFORE PLC LISTING MAY 10, 2022 AT 12:30 PM EETINSIDE INFORMATION Gofore Plc’s Business Review 1 – 30 April 2022: Gofore in good growth form – New contracts eg with the Tax Administration and the City of Helsinki The company corrects its publication of the annual report on May 9, …

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A defining moment for the future of crypto asset payments in the UK

Of Joaquin Ayuso de Paul, Head of Nium Crypto Cryptocurrencies are coming under regulatory pressure around the world, but some exciting developments have come out of the UK in recent weeks. The British Treasury announced that it intends to bring stablecoins under the purview of the Financial Conduct Authority (the …

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Is Bunzl plc (LON:BNZL) stock’s recent performance guided by its attractive financial outlook?

Bunzl (LON:BNZL) has had a great run in the stock market, with its stock up a whopping 11% over the past three months. Given the company’s impressive performance, we decided to take a closer look at its financial metrics, as a company’s long-term financial health typically drives market results. In …

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Pep Guardiola gives Mikel Arteta a chance to secure Arsenal’s dream double transfer from Man City – Bailey Keogh

Arsenal’s recently reported interest in Raheem Sterling means Mikel Arteta could land a double deal with Manchester City at a bargain price. The Gunners have also been heavily associated with Gabriel Jesus. According to Italian news outlet Calciomercato, Arteta wants Sterling to join Arsenal this summer. According to The Athletic’s …

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Watch two sides of Europe unfold

This article is an on-site version of our newsletter, The Week Ahead. Sign up here to get the newsletter straight to your inbox every Sunday Hello and welcome to the work week. We begin the next seven days with memories of how Europe has united and divided, becoming both more …

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RBI rate hike came as a surprise because…: Treasury Secretary Nirmala Sitharaman

The minister received an award for her handling of the economy through the pandemic The Reserve Bank of India‘s (RBI) move to raise interest rates is part of a synchronized action by global central banks and came as a surprise only because it came between policy reviews, Finance Minister Nirmala …

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What type of shareholders make up the NewRiver REIT plc (LON:NRR) share register?

If you want to know who really controls NewRiver REIT plc (LON:NRR), you need to look at the composition of the share register. Institutions often own stakes in more established companies, while it is not uncommon for insiders to own some smaller companies. We also tend to see less insider …

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Racing in London attracts a lot of plodders

It was a big milestone for Sarah Doherty, who ran her first ever half marathon at the London Landmarks Half. The London Landmarks Half is a closed street in central London and the only half marathon to run through both the City of London and the City of Westminster. Runners …

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Kitchener-London’s bid for the Junior Ice Hockey World Championship fails

WATERLOO REGION — The world’s top U20 hockey players won’t be coming to Kitchener next Christmas. The Waterloo region’s joint bid with London to host the premier event was unsuccessful as Hockey Canada awarded the tournament to Halifax and Moncton on Thursday afternoon. “The work that has gone into this …

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Is NEXT plc (LON:NXT) ROE better than average at 67%?

One of the best investments we can make is in our own knowledge and skills. With that in mind, this article will work through how we can use return on equity (ROE) to better understand a company. To keep the lesson practical, let’s use ROE to better understand NEXT plc …

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Maersk loses over $717 million to Russia in the first quarter

Macro Snapshot – Fed expects rate hike to fight inflation; French services see strong growth RIYADH: The US Federal Reserve is expected to hike interest rates as it fights inflation levels, while the Reserve Bank of India hiked interest rates by 40 basis points for similar reasons. According to the …

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Work on the Ash-Way plan begins with the expansion of the Thorp Arch Estate

Work is underway on a new £8million light industry project which is expected to provide around 130 jobs. The Ash Way development, which has a high environmental specification, is a significant new extension to the Thorp Arch Estate between Leeds, Harrogate and York. Complimentary electricity for business tenants is provided …

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‘I can’t imagine it getting any better’: Could the UK be headed for a recession? | Cost of Living Crisis

These times are worrying for Claire Tasker’s jewelry business. With the rising cost of living putting acute pressure on households across the country, the Hertfordshire-based goldsmith has seen firsthand how consumers are saving. “If people don’t have money to spend, then they don’t really think about buying items like mine,” …

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Butterfield makes senior management appointments

HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of NT Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced the promotion of Michael Schrum to President and Group Chief Risk Officer. Craig Bridgewater has been promoted to Group Chief Financial Officer and joins the Executive Committee. Mr. Schrum, who has served …

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Interim report 01.01.-31.03.2022 of Oma Savings Bank Plc: Profitable growth continues

Oma Sästöpankki Oyj OMA SAVINGS BANK PLC, STOCK MARKET RELEASE DATED MAY 2, 2022, 8:30 AM EET, Q1 INTERIM REPORT granny Interim report of Sparkassen AG 1.1.-31.3.2022: Profitable growth continues – comparable earnings before taxes increased by 100% This press release is a summary of Oma Savings Bank (OmaSp) January …

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London Weather: The latest forecast shows exactly when the city will be hotter than Ibiza, Malaga and Mallorca, with a ‘mini heatwave’ heading our way

The bank holiday weekend is proving to be a bit disappointing weather wise with overcast skies and showers of rain. The gloomy weather is expected to continue for a few more days, but sunshine and warmer temperatures are returning from Friday next week, with London set to get even hotter …

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The Bank of England must end its groupthink to save the economy

Furthermore, interest rates at 1 percent are still far too low even if inflation falls anywhere near the 2 percent target. Such low interest rates create distortions throughout the economy. On Thursday, it’s not just about the level of interest rates. The bank also has an opportunity to make an …

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From recession to inflation, how the US Federal Reserve handled crises

The US Federal Reserve has given a clear signal that it will hike interest rates by half a percentage point this week to curb rising inflation and is likely to continue to rise throughout the year. The Fed has long played a crucial role when the world’s largest economy faces …

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