Eshe Nelson
Posts
Bank of England Keeps Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
U.K. Inflation Rate Slips Lower for Third Straight Month
Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
Hollywood Strikes Send a Chill Through Britain’s Film Industry
Many U.S. studios’ blockbusters are filmed in Britain, so the walkouts by actors and screenwriters have caused thousands of U.K. film crews to lose work.
European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached...
Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank...
Novo Nordisk’s Ozempic and Wegovy Reshape Denmark’s Economy
Novo Nordisk, the Danish company behind two popular obesity medications, is reaping huge profits and is now responsible for most of the country’s economic growth.
The Bank of England Raises Rates Again
Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”
E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation
The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
Alison Rose of NatWest Bank Resigns After Nigel Farage Allegations
Alison Rose of NatWest, one of the country’s largest banks, resigned after Nigel Farage, a Brexit firebrand, said his account had been shut because of...
U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.