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Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

Bank of England keeps interest rate on hold at 3.75% as it weighs impact of Iran war on UK economy

The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes
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Bank of England set to join Fed in keeping rates on hold as it weighs impact of Iran war

Bank of England set to join Fed in keeping rates on hold as it weighs impact of Iran war

The Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peacetime
AP News AP News
The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war

The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war

The Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peacetime
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Russia says it's scaling down WW2 victory parade due to Ukrainian threat

Russia says it's scaling down WW2 victory parade due to Ukrainian threat

By Mark Trevelyan LONDON, April 29 (Reuters) - Russia will hold a slimmed-down version of its annual parade to celebrate victory in World War Two, without the usual display of weaponry, the Kremlin said on Wednesday, citing an increased threat of Ukrainian attacks.
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Russia’s economy shows first quarterly contraction in three years

Russia’s economy shows first quarterly contraction in three years

By Darya Korsunskaya and Gleb Bryanski MOSCOW, April 29 (Reuters) - The Russian economy contracted by 0.3% in the first quarter, marking its first quarterly contraction since early 2023, preliminary data showed on Wednesday, as the Ukraine war, Western sanctions, and high interest rates took their
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Ukraine to seek clarity from US on Russian ceasefire proposal

Ukraine to seek clarity from US on Russian ceasefire proposal

April 30 (Reuters) - Ukraine will seek clarification from U.S. President Donald Trump's team on details of a Russian proposal for a brief ceasefire next week, President Volodymyr Zelenskiy said on Thursday.
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FULL TEXT- Bank of Canada leaves key interest rate unchanged

FULL TEXT- Bank of Canada leaves key interest rate unchanged

OTTAWA, April 29 (Reuters) - The Bank of Canada released the following statement on Wednesday: "The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
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US seeks international help to reopen Strait of Hormuz as crude prices surge

US seeks international help to reopen Strait of Hormuz as crude prices surge

By Humeyra Pamuk WASHINGTON/DUBAI/ISLAMABAD, April 29 (Reuters) - The United States is pressing ahead with plans for an international coalition to open the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surge on fears of lengthy disruptions to global fuel
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Two months into Iran war, economic strain mounts across emerging markets

Two months into Iran war, economic strain mounts across emerging markets

By Marc Jones and Karin Strohecker LONDON, April 27 (Reuters) - Two months since the outbreak of the Iran war, the charts below show how the economic toll is spreading beyond the Middle East, with emerging and developing markets facing rising inflation, growing fiscal strains and trade disruptions.
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Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag

Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag

By Scott DiSavino NEW YORK, April 27 (Reuters) - Oil prices climbed about 3% to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
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Ukraine Warns Israel of Diplomatic Fallout Over Grain Vessel from Occupied Territory

Ukraine Warns Israel of Diplomatic Fallout Over Grain Vessel from Occupied Territory

Ukraine has issued a warning to Israel regarding a vessel carrying grain from Russian-occupied Ukrainian territory. According to a Ukrainian diplomatic source, if Israel allows the vessel to dock at the port of Haifa, Kyiv may respond with diplomatic and international legal actions. The vessel, named Panormitis, is reportedly carrying grain that Ukraine considers stolen. Israel's Haaretz newspaper reported that four shipments of such grain have already been unloaded in Israel this year. The Ukrainian source emphasized that the practice of accepting these shipments is unacceptable and that previous demands to reject such vessels have been ignored by Israel. The situation highlights ongoing tensions between Ukraine and Israel over the handling of goods from occupied territories.