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...Sterling slid 0.3 per cent against the dollar to $1.2462 as the Bank of England held rates at a 16-year high of 5.25 per cent but signalled it was closer to easing policy....
...It estimated that inflation is running at 7.1 per cent, well above its target of 4-4.5 per cent, and acknowledged that Russia is facing “a prolonged period of tight monetary and credit conditions in the...
...Manufacturing output grew 1.4 per cent, driven by car production, which has grown for six consecutive quarters....
...Over the same period, UK inflation dipped from 4 per cent to 3.2 per cent, twice undershooting expectations this year....
...Consumer prices rose 3.6 per cent year on year in the March quarter, official data showed, down from 4.1 per cent in the previous quarter but higher than the 3.5 per cent forecast by Reuters....
...In the previous month, industrial production grew 4.5 per cent year on year and retail sales rose 3.1 per cent year on year....
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...The two-year Treasury yield, which moves with interest rate expectations, jumped by 0.16 percentage points to 4.9 per cent. S&P 500 futures fell 1.3 per cent....
...The population of under-15s in Japan now stands at a record low of 11.4 per cent of the overall population, while the number of over-75s stands at a record high of 16.1 per cent....
...It predicted inflation would subsequently fall to 1.9 per cent in two years’ time and to 1.6 per cent in 2027....
...The previous record was 4.76 metres in 1941....
...The company’s health science and nutrition business, which accounted for 16.4 per cent of sales in 2023 and includes its baby formula business, had a 3.6 per cent drop in sales volumes following supply problems...
...Meanwhile, credit borrowing increased by £1.6bn in March, up from £1.4bn in February, while businesses raised £10.2bn of finance, the largest amount of net finance raised since May 2020....
...The figures showed that core inflation, which excludes food and energy, fell to 4.5 per cent in February from 5.1 per cent in January. Analysts had predicted a reading of 4.6 per cent....
...While the bank forecast the economy at near stagnation with a 0.1 per cent increase compared with the previous quarter, analysts polled by Reuters forecast a stronger 0.4 per cent expansion....
...Entries are open to students of geography aged 16-18 around the world, who have until 4 October (5pm UK time) to write up to 1,000 words or use an ArcGIS StoryMap, drawing on information in their own daily...
...She recommends 15 Fox Place in Jersey City, and Osteria 16 in Copenhagen The FT Weekend Festival is coming back, and will be in Washington on May 4. Speakers include Nancy Pelosi....
...Revenue is expected to have declined 9.5 per cent to $16.2bn in the three months ending March. The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
...Revpar rose by 2.6 per cent in the period, compared with 7.6 per cent in the final quarter of last year and 16.1 per cent for the full year....
...The average house price fell 1 per cent month on month in March, down to £288,430 from February, when UK house prices hit a 16-month high of £291,338....
...Israeli spending increased 24 per cent, rising from an average of $1.8bn per month before Hamas launched its assault on Israel in October last year to $4.7bn in December, said Sipri....
...Trump had more than 80 per cent of Republican primary votes with 4 per cent of ballots counted, according to the Associated Press. Former UN ambassador Nikki Haley had 16.5 per cent of the vote....
...Services inflation, which is heavily affected by trends in pay, rose at an annual rate of 6.1 per cent in February. Headline inflation stood at 3.4 per cent, the lowest since 2021....
...Manchester United A shares, which trade on the New York Stock Exchange, closed at $16.20 on Tuesday, down more than 1.4 per cent. The stock is down more than 19 per cent over the past year....
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