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Today: March 16, 2025
Today: March 16, 2025
William Schomberg

William Schomberg

Staff Writer

Latest From William Schomberg

Americas|Business|Economy|Finance|Political

Bank of England's Bailey urges US to step back from trade wars

Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue

Bank of England's Bailey urges US to step back from trade wars
Business|Economy|Europe|Finance|Political

UK's Reeves working to get budget goals back on track

British finance minister Rachel Reeves is working out how she can get back on track to meet her budget targets, with spending cuts widely expected when she

UK's Reeves working to get budget goals back on track
Business|Economy|Europe

UK factories cut staff at fastest pace since 2020 but optimism rises, PMI shows

British factories cut staff at the fastest pace in nearly five years last month as the government's payroll tax increase began to push up their costs and demand

UK factories cut staff at fastest pace since 2020 but optimism rises, PMI shows
Business|Economy|Europe|Finance

UK economy readings underscore Bank of England's dilemma

A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's economy is more at

UK economy readings underscore Bank of England's dilemma
Business|Economy|Europe

UK consumers defy weak outlook to ramp up their spending

British retail sales rose in January for the first time since August and by much more than expected, according to official data that suggested consumers were

UK consumers defy weak outlook to ramp up their spending
Business|Economy|Europe

UK inflation jumps more than expected in January, testing the BoE's outlook

British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, testing the

UK inflation jumps more than expected in January, testing the BoE's outlook
Business|Economy|Europe|Finance

Bank of England's Pill 'cautious' about further rate cuts

The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet

Bank of England's Pill 'cautious' about further rate cuts
Business|Economy|Europe|Finance|Political

Bank of England poised to cut rates but inflation worries linger

The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it

Bank of England poised to cut rates but inflation worries linger
Business|Economy|Europe

UK factory activity contracts for fourth straight month in January, PMI shows

British factories reported another tough month in January as output, new orders and employment all fell, with companies hit by higher costs even before payroll

UK factory activity contracts for fourth straight month in January, PMI shows
Business|Economy|Europe|Finance|Political

UK's Reeves puts new Heathrow runway at heart of growth push

British finance minister Rachel Reeves gave the government's backing to a long-delayed new runway at London's Heathrow Airport on Wednesday as the

UK's Reeves puts new Heathrow runway at heart of growth push
Business|Economy|Europe|Finance

Stumbling growth and stubborn inflation: the BoE's rate cut challenge

The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut

Stumbling growth and stubborn inflation: the BoE's rate cut challenge
Economy|Europe|Finance|Political

UK borrowing jumps in December as debt interest climbs

Britain ran a bigger-than-expected budget deficit in December, swelled by debt interest costs and a one-off purchase of military homes, according to

UK borrowing jumps in December as debt interest climbs
Business|Economy|Finance

Global central banks mark a possible plateau

The Bank of England's decision to hold its policy interest rate steady on Thursday puts the world's three major central banks in

Global central banks mark a possible plateau
News|Political|World

Analysis-Sunak bids to lead wary investors through British maze

Prime Minister Rishi Sunak has chosen Hampton Court, a 16th-century palace renowned for its maze, to host a summit at which he

Analysis-Sunak bids to lead wary investors through British maze
Economy|Election|News|Political

Slow growth, high debt - troubled UK economy awaits election winners

Britain's national election, expected later this year, will take place against a backdrop of persistently slow economic

Slow growth, high debt - troubled UK economy awaits election winners
Europe|News

UK's Labour Party says PM Sunak is out of touch on economy

Britain's opposition Labour Party accused Prime Minister Rishi Sunak on Tuesday of being out of touch by signalling that voters will soon feel the benefit of the

UK's Labour Party says PM Sunak is out of touch on economy
Business|Economy|Europe|Finance

Bank of England likely to move closer to first rate cut since 2020

The Bank of England is likely to take another step towards its first interest rate cut in four years on Thursday as inflation falls, but will probably be

Bank of England likely to move closer to first rate cut since 2020
Business|Economy|Finance|News

Bank of England clears path for its first rate cut since 2020

The Bank of England paved the way on Thursday for the start of interest rate cuts as soon as next month and Governor Andrew

Bank of England clears path for its first rate cut since 2020
Economy|Election|News|Political

From tax to green power, UK's Conservatives and Labour lock horns on economy

British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party are increasingly making the economy a battleground of their early election

From tax to green power, UK's Conservatives and Labour lock horns on economy
Economy|Election

Struggling economy awaits winner of British election

The winners of Britain's election on July 4 will have to tackle an economy that looks stuck in a rut of slow growth with high levels of debt limiting the next

Struggling economy awaits winner of British election
Election|Europe|Sports

England's soccer fortunes add sporting drama to UK election

Does British Prime Minister Rishi Sunak risk scoring an own goal by calling an election during the 2024 European Championship soccer tournament in July?

Europe|Sports

Soccer-Portugal keep it simple after Martinez's experiment

Portugal coach Roberto Martinez seems to have settled his selection dilemmas for Euro 2024 by reverting to a more conventional shape in a comfortable

Soccer-Portugal keep it simple after Martinez's experiment
Europe|News|Sports

Soccer-France need goals against Poland with or without Mbappe

France will try to finally get the goals flowing against already-eliminated Poland as they seek to finish top of their Euro 2024 group on Tuesday, but

Soccer-France need goals against Poland with or without Mbappe
Europe|Sports

Soccer-Newcomers Georgia stage historic Euro shock by beating Portugal 2-0

Georgia staged the biggest upset in Euro history with a 2-0 win over Portugal on Wednesday to stride into the knock-out phase of their first

Soccer-Newcomers Georgia stage historic Euro shock by beating Portugal 2-0
Economy|News

UK economy slows to a halt in April in bad timing for Sunak

Wet weather helped bring Britain's economic growth to a halt in April after a strong start to 2024, and the opposition Labour Party jumped on the figures

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