Updated

Bank of England to lift Bank Rate 25 basis points to 4.25% in March, then pause: Reuters poll

By Jonathan Cable LONDON (Reuters) – The Bank of England will make its final increase to borrowing costs in the current cycle next month to combat double-digit inflation, according to a Reuters poll which showed the British economy is almost certainly entering a recession. One of the first major central banks to begin lifting interest …

Bank of England to lift Bank Rate 25 basis points to 4.25% in March, then pause: Reuters poll Read More »

Love in a time of inflation: how much will Valentine’s Day set you back?

By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food …

Love in a time of inflation: how much will Valentine’s Day set you back? Read More »

Philippines urges China to prevent any ‘provocative act’ after complaint over laser

By Karen Lema MANILA (Reuters) -China should restrain its forces to prevent them committing any “provocative act”, the Philippine military said on Monday, after Manila accused China’s coast guard of using a laser to try to disrupt a resupply mission to troops in the South China Sea. The Philippine coast guard (PCG) said its vessel …

Philippines urges China to prevent any ‘provocative act’ after complaint over laser Read More »

White House rejects Beijing claims of U.S. balloons over China

By Martin Quin Pollard and Trevor Hunnicutt BEIJING/WASHINGTON (Reuters) -China said on Monday that U.S. high altitude balloons had flown over its airspace without permission more than 10 times since the beginning of 2022, drawing a swift denial from Washington. China’s accusation widened a dispute with the United States that began after the U.S. military …

White House rejects Beijing claims of U.S. balloons over China Read More »

ESG tops regulatory demands in finance as UK, EU rules diverge – KPMG

LONDON (Reuters) – Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory Barometer showed on Monday. The barometer, aimed at helping firms with compliance planning, also tracks the scale of the divergence between UK and …

ESG tops regulatory demands in finance as UK, EU rules diverge – KPMG Read More »