Explore

Reuters Reuters
Bank of England rate-setters stay divided on policy

Bank of England rate-setters stay divided on policy

By David Milliken and Andy Bruce LONDON, Dec 9 (Reuters) - Senior Bank of England policymakers struck differing tones over the outlook for interest rates on Tuesday, suggesting that a split on the Monetary Policy Committee persists in the run-up to its decision on borrowing costs next week.
Reuters Reuters
UK grocery inflation steady at 4.7%, keeps pressure on households, says Worldpanel

UK grocery inflation steady at 4.7%, keeps pressure on households, says Worldpanel

By James Davey LONDON, Dec 9 (Reuters) - British grocery inflation held steady at 4.7% in the four weeks to November 30, industry data showed on Tuesday, keeping the pressure on households who are facing higher bills as they head into the Christmas holiday period.
Reuters Reuters
Sterling ticks lower as traders brace for busy week

Sterling ticks lower as traders brace for busy week

LONDON, Dec 8 (Reuters) - The pound dipped on Monday, although volatility remained contained, as investors prepared for an action-packed week that, among other things, could bring a U.S. rate cut. 
Reuters Reuters
UK consumer spending disappointed in November, surveys show

UK consumer spending disappointed in November, surveys show

By Andy Bruce MANCHESTER, England, Dec 9 (Reuters) - British consumers kept a tight rein on their spending in November as they awaited finance minister Rachel Reeves' budget, while retailers said Black Friday sales disappointed, according to surveys on Tuesday.
Reuters Reuters
Bank of England's Taylor expects inflation to fall to target 'in the near term'

Bank of England's Taylor expects inflation to fall to target 'in the near term'

LONDON, Dec 8 (Reuters) - British inflation is likely to return to its 2% target "in the near term" as wage growth and inflation in the services sector look set to slow further, Bank of England policymaker Alan Taylor said on Monday.
Reuters Reuters
Exclusive-ECB backs simpler, not looser, bank rules, sources say

Exclusive-ECB backs simpler, not looser, bank rules, sources say

By Francesco Canepa FRANKFURT, Dec 9 (Reuters) - The European Central Bank will propose simplifying rules on capital buffers required of banks, pruning some of the complex regulation put in place after the global financial crisis, two sources familiar with the proposals told Reuters.
Reuters Reuters
Sailing-British to replicate formula from SailGP '$2 million lottery' win

Sailing-British to replicate formula from SailGP '$2 million lottery' win

By Alexander Smith LONDON, Dec 7 (Reuters) - As Britain's Dylan Fletcher lined up for the SailGP three-boat grand final last month, the skipper had a last-minute message for his crew: "Welcome to the $2 million lottery".
Reuters Reuters
Central bank body BIS raises concerns of gold and stocks double bubble

Central bank body BIS raises concerns of gold and stocks double bubble

By Marc Jones LONDON, Dec 8 (Reuters) - The combination of gold and share prices soaring in unison is a phenomenon not seen in at least half a century and raises questions of a potential bubble in both, global central bank umbrella body, the Bank for International Settlements, says.
Reuters Reuters
Morning Bid: The final Fed countdown

Morning Bid: The final Fed countdown

By Yoruk Bahceli LONDON, Dec 8 (Reuters) - By Yoruk Bahceli, markets correspondent What matters in U.S. and global markets today The Federal Reserve meeting is fast approaching on Wednesday – and the stakes are high. Rising bets for a December cut seem to have saved equities from AI jitters for now.
Reuters Reuters
Motor racing-Norris answers his critics with first F1 title

Motor racing-Norris answers his critics with first F1 title

By Alan Baldwin ABU DHABI, Dec 7 (Reuters) - Mentally fragile, too cocky, a privileged Gen Z kid bankrolled by a wealthy father, rapid but lacking the killer instinct that separates champions from the rest -- Lando Norris has faced plenty of criticism on his road to the top in Formula One.
Rapid Read Rapid Read
Cyberani and KPMG Collaborate to Enhance Cybersecurity in Saudi Arabia's Industrial Sector

Cyberani and KPMG Collaborate to Enhance Cybersecurity in Saudi Arabia's Industrial Sector

Cyberani, a cybersecurity company under Aramco Digital, and KPMG have formed a strategic partnership to bolster cybersecurity in Saudi Arabia's industrial sectors, including energy, water, aviation, and manufacturing. This collaboration aims to advance both Information Technology (IT) and Operational Technology (OT) security. The partnership will establish joint innovation facilities, such as a Digital Twin and Simulation Lab, to preemptively address cyber risks. Additionally, the initiative includes training 100 Saudi specialists in OT cybersecurity over the next three years, with opportunities for international experience through KPMG's global offices.
Reuters Reuters
New Zealand navy encountered Taiwan warship during strait transit last month

New Zealand navy encountered Taiwan warship during strait transit last month

By Lucy Craymer, Ben Blanchard and Yimou Lee WELLINGTON/TAIPEI, Dec 9 (Reuters) - The New Zealand navy's largest ship encountered a Taiwanese warship as it sailed through the sensitive Taiwan Strait last month, the country's armed forces said on Tuesday, as they published a rare picture of what