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Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
Interest rates cut but Bank hints fewer falls to come
Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.Top stories - BBC News - 3 days ago -
Bank of England cuts interest rates to 4.75%
Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecastWorld - Financial Times - 3 days ago -
Half of low-paid Londoners use a food bank, survey finds
A survey finds 23% of London’s lowest-paid workers go to a food bank once a week and 28% once a year.Top stories - BBC News - October 15 -
Harvey Schwartz and Peter Mandelson quit Bank of London board
Departures including that of former chief executive Anthony Watson are the latest setback for troubled fintechBusiness - Financial Times - October 30 -
European Central Bank, seeing no signs of recession, cuts interest rates again
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after ...World - ABC News - October 17 -
US banks consider cutting interest payments on company deposits
Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark ratesBusiness - Financial Times - October 20 -
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.Top stories - The New York Times - 3 days ago -
Deutsche’s private bank fires 111 senior bankers in cost-cutting drive
Frankfurt-headquartered bank has imposed demanding targets on underperforming unitBusiness - Financial Times - 1 hour ago -
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.Business - The New York Times - 3 days ago -
Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.Business - CNBC - October 23 -
European Central Bank set for third interest rate cut of the year in meeting this week
Markets are eyeing two more rate cuts from the euro area's central bank this year amid a weak growth outlook and lower inflation.Business - CNBC - October 14 -
ECB cuts interest rates to support flagging eurozone economy
Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...World - The Guardian - October 17 -
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its targetWorld - ABC News - October 17 -
Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.Business - CNBC - October 23 -
Inflation undershoots to jumbo cuts: What 10 European Central Bank members said this week
A slew of Governing Council members spoke to CNBC at the International Monetary Fund's annual meeting in Washington, D.C. this week.Business - CNBC - October 25 -
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%World - ABC News - 3 days ago -
Czech central bank cuts key interest rate to 4% as inflation stays low
The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recoveryWorld - ABC News - 3 days ago -
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation fallsWorld - ABC News - 3 days ago -
The Hottest Startups in London in 2024
The UK capital's most exciting startups showcase its strengths in biotechnology and artificial intelligence.Tech - Wired - October 14 -
London pushes into a new immersive market
Theatrical venture draws on city’s tradition to extend light shows beyond artBusiness - Financial Times - October 22 -
A London Shop Full of Tassels and Trimmings
V V Rouleaux’s handmade creations have appeared in “Bridgerton” and Harry Potter films.Lifestyle - The New York Times - October 25 -
A Skeleton Bank of Understudied Species
With a new database of medical images, zoo and wildlife vets can finally see what healthy uncommon animals, from rhinos and tamarins to pangolins and sea stars, should look like on the inside.World - The New York Times - October 26 -
Deutsche Bank's Investment Bank Performance, Provision Releases Lift Profit
Deutsche Bank reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its ...Business - The Wall Street Journal - October 23 -
Corporate Retreats Are Back. Hotels Are Banking on It.
Desire for more face-to-face meetings is spurring companies to book group events.Business - The Wall Street Journal - October 14