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Bank of England forecasts undermined by out-of-date methods, report finds
Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course
The Bank of England’s recent record of forecasting inflation and the path of interest rates was undermined by out-of-date methods and a failure to communicate clearly with the public, according to a bruising independent assessment.
The report by the former US Federal Reserve boss Ben Bernanke said the Bank spent much of its time attempting to justify its poor judgment rather than admit its failures and change course.
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Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
England tops chart for child alcohol use - report
The World Health Organization also finds higher rates of drinking and vaping among teenage girls.BBC News - Top stories -
England has highest rates of child alcohol consumption, WHO finds
Global health experts call for curbs on online marketing to protect teens from marketing of ‘harmful products’Financial Times - World -
These cities have the dirtiest air, new report finds
It's not as simple as looking up in the sky and seeing "clean air," so how can you really know?The Hill - Politics -
Divided Bank of England faces political heat over calls for rate cuts
Analysts warn chancellor against public comments on likelihood of lower interest ratesFinancial Times - World -
Divided Bank of England faces political heat over calls for rate cuts
Analysts warn chancellor against public comments on likelihood of lower interest ratesFinancial Times - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Waiting for the Monsoon by Rod Nordland review – a war reporter finds a ‘second life’ in the shadow of death
The Pulitzer prize-winning New York Times foreign correspondent provides fascinating insights into surviving his job and his 2019 diagnosis with an aggressive form of brain cancer in this inspiring journal of self-discovery. In the searing heat in ...The Guardian - World -
Family offices are looking beyond the stock market for higher returns, new report finds
Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.CNBC - Business
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