‘Very clever’ – Mandelson shared sensitive advice with Epstein at height of Eurozone drama Politics Peter Mandelson sent Jeffrey Epstein sensitive advice concerning the liquidity of the UK financial system and the stability of the euro that had been shared with Prime Minister Gordon Brown. In the exchange, which took place in May 2010 at the height of the Eurozone debt crisis and in the turbulent political aftermath of the [...]
Analysis: A US-EU trade deal looks unlikely. What does that mean for the UK? Markets The clock is ticking on the EU-US trade deal set to expire on 9 July. The European Union is pushing for immediate relief from tariffs, but the bloc expects even a best-case deal to include a degree of asymmetry. While the UK is not at the negotiating table, Britain may find itself absorbing collateral damage [...]
Global growth to brake to ‘slowest pace’ since financial crash, World Bank says Economics The world economy is heading for its worst year since the 2008 financial crash, the World Bank has predicted, as most major economies suffered a growth downgrade due to trade tensions sparked by President Trump’s tariffs. The UN-backed financial institution has predicted that global growth will come down to 2.3 per cent this year as [...]
Eurozone inflation unexpectedly rises as Trump trade war fears mount February 3, 2025 The headline rate of inflation picked up to 2.5 per cent in January, according to preliminary estimates from Eurostat.
ECB cuts interest rates for fifth time after growth underwhelms January 30, 2025 The decision to cut rates by 25 basis points was widely expected by investors, and means the benchmark interest rate stands at 2.75 per cent.
Eurozone inflation increases amid debate over pace of interest rate cuts January 7, 2025 'Flash' figures from Eurostat show that the headline rate of inflation increased to 2.4 per cent last month, up from 2.2 per cent the month before.
UK economy to ‘grow twice as fast’ as Europe in 2025 December 5, 2024 The UK economy is set to grow twice as fast as its European counterparts next year thanks to the flurry of spending measures announced in October’s Budget, a top bank has forecast. Britain’s gross domestic product (GDP) will increase by 1.4 per cent next year, analysts at ING said in the bank’s annual economic outlook, [...]
Markets: French bond yields rise amid political turmoil November 28, 2024 "A French political problem is turning into a problem for financial markets," Kathleen Brooks, research director at XTB said.
Eurozone inflation to take centre stage as growth worries resurface November 24, 2024 Economists expect the headline rate will climb to 2.3 per cent in November, up from 2.0 per cent in October.
Eurozone inflation rises faster than expected in October October 31, 2024 New 'flash' figures from Eurostat showed that inflation rose back up to 2.0 per cent, rising from 1.7 per cent in September and slightly higher than markets had expected.
