Browsing: Business

– Bank of England has implemented a multi-year plan to reduce its remaining holdings of monetary-policy gilts by September 2034. The central bank will sell £20 billion of government bonds annually, while other securities will mature and leave the portfolio.

– Starting from April 2027, Britain’s full new State Pension is set to nearly surpass the standard tax-free Personal Allowance. The primary earnings figure used in the triple lock stands at 3.9%. According to the Office for National Statistics, total

– Bank of England enters its September policy gathering with the Bank Rate steady at 3.75%, while inflation remains above the target level. The Monetary Policy Committee will reveal its next interest rate decision on September 17. Concurrently, the committee

– Austria’s central bank has reduced its 2026 economic growth forecast after a weaker first half of the year. The Oesterreichische Nationalbank now expects gross domestic product to grow by 0.5% this year. Its June forecast had put growth at

Gold prices remained close to their lowest in a week as investors reassessed expectations for interest rate changes and examined shifts in sovereign yields worldwide. The spot gold was quoted at $4,318.88 per ounce, after a slight rebound from a

Regional stock indices across Europe declined as investors reacted to the European Central Bank’s decision to increase key interest rates. Selling pressure was widespread, affecting major benchmarks throughout the trading day following Frankfurt’s monetary policy announcement. The pan-European STOXX 600

India and Russia committed to enhancing their economic partnership with a goal of reaching $100 billion in bilateral trade by 2030. The strategy involves rebalancing commercial relations by boosting sectors beyond energy. During the plenary session of the INNOPROM India

– During President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, the United Arab Emirates unveiled plans to allocate €40 billion across various sectors including industry, technology, energy, and digital infrastructure. German Chancellor Friedrich Merz participated in discussions

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

– Russia is extending its financial aid initiatives for the creative sector as it aims to boost its contribution to the national economy. In 2025, creative enterprises accounted for 4.2 percent of Russia’s GDP, with their gross value added totaling