Another reduction expected next year but monetary policy committee is deeply divided over inflation prospectsBusiness live – latest updatesRachel Reeves has reason to be cheerful. After last month’s budget, the Bank of England cutting interest rates will come as an early Christmas tonic for the chan…
Iran’s currency depreciated to record lows against the dollar this week as multiple challenges including oil sanctions, regional tensions and spiraling inflation plague the economy.
The Czech central bank held borrowing costs at its last policy meeting of the year after the new government’s plans blurred the inflation outlook and investors curbed bets on an interest rate hike next year.
The Bank of England cut interest rates to the lowest in almost three years in a pre-Christmas boost for UK households, and suggested inflation is cooling enough for it to ease policy further in 2026. The Monetary Policy Committee voted 5-4 to lower the benchmark rate by a quarter point to 3.75%, min…
Quarter-point cut widely forecast in City following steep fall in inflation and weak economic dataThe Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy.After leaving borrowing costs on hold in a spli…
Germany will increase federal debt sales by a fifth next year to a record €512 billion ($601 billion) to fund a spending splurge aimed at fixing its crumbling infrastructure and modernizing its armed forces. Ven Ram from Bloomberg MLIV describes it as a "game changer".
Data: American Edge Project and Technology Councils of North America; Map: Axios VisualsNearly 3,000 new data centers are under construction or planned across the U.S., per a new analysis shared first with Axios — adding to the more than 4,000 already in operation.Why it matters: Big tech and many l…
Social Mobility Commission report highlights ‘extreme regional differences’ in terms of childhood, jobs, innovation and growthFormer industrial communities across Britain are facing “entrenched disadvantages” stretching back decades, the latest social mobility research has warned.It raises specific …
Rolling coverage of the latest economic and financial newsUK inflation falls sharply to 3.2% amid slowdown in food price risesOver in Beijing, China’s commerce minister has criticised the European Union’s investigations into whether Chinese companies are unfairly subsidised by the state.The ministry…
The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK’s struggling economy and jobs market. Bloomberg’s Ven Ram reports.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man gives global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Many investors are asking themselves if we are living in an AI bubble; others have gone beyond that and are simply asking themselves, until when? Yet the bubble keeps growing, fueled by that perilous sentiment of "fear of missing out." History and recent experience show us that financial bubbles are…