Browsing: Business

– The Bank of England has laid out a multi-year plan to wind down its remaining holdings of monetary-policy gilts by September 2034, with the central bank set to offload £20 billion worth of government bonds annually. As bonds mature,

– Starting in April 2027, Britain’s full new State Pension is nearing the point where it could surpass the standard tax-free Personal Allowance. The key earnings measure used in the triple lock stands at 3.9%. The Office for National Statistics

– As it approaches its September policy gathering, Bank of England maintains Bank Rate at 3.75%, with inflation still exceeding the target. The Monetary Policy Committee is set to reveal its next interest rate decision on September 17, and will

– Following a weaker first half of 2026, Austria’s central bank has adjusted downward its forecast for the country’s economic growth in 2026. The Oesterreichische Nationalbank now anticipates a 0.5% increase in gross domestic product this year, compared to the

Gold hovered close to its lowest point in a week as traders reassessed expectations for interest rates and movements in sovereign yields globally. Spot gold was quoted at $4,318.88 per ounce, bouncing slightly after a 2 percent plunge in Thursday’s

European equity indices declined throughout the region as investors absorbed the European Central Bank’s move to increase key interest rates. Widespread selling pressure impacted major benchmarks during the trading day following Frankfurt’s monetary policy announcements. The pan-European STOXX 600 index

India and Russia committed to enhancing their economic partnership with a goal of reaching $100 billion in bilateral trade by 2030, focusing on balancing commercial relations through growth in sectors beyond energy. During the plenary of the INNOPROM India 2026

– During President Sheikh Mohamed bin Zayed Al Nahyan’s visit to Germany, the United Arab Emirates revealed plans for a €40 billion investment across sectors such as industry, technology, energy, and digital infrastructure. German Chancellor Friedrich Merz participated in discussions

– European Central Bank increased its three main interest rates by 25 basis points as inflation stayed above its target. The deposit facility rate will rise to 2.50% from 2.25%, with the main refinancing rate climbing to 2.65%, and the

– Russia is increasing its financial backing for the creative industries as this sector grows more significant to the national economy. In 2025, creative enterprises contributed 4.2 percent to Russian GDP, with their gross value added reaching 8.26 trillion rubles