Markets

Markets•The Guardian

Today’s UK interest rate rise unlikely to be the last unless Iran war ends, Bank of England warns – business live

UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027 UK government bond prices are also rallying today. This has pushed down the yield, o…

Markets•The Guardian

BT cuts almost 8,000 jobs amid sweeping cost-saving programme

Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs from its workforc…

The biggest forces shaping the economy aren't going to change just because the party in power did.

Markets•The Guardian

Debt of poorest countries at record $9.4tn high, World Bank data shows

Cost of servicing external debt is preventing developing countries from investing for future Debt owed by developing countries rose to a record $9.4tn (£7tn) last year, with the poorest paying the…

Markets•The Guardian

What does the UK interest rate rise mean for homeowners and savers?

First rate rise for more than three years leaves millions facing rise in mortgage payments Bank of England raises interest rates to 4% Business live – latest updates The Bank of England has hike…

Participants in the CNBC Voter Poll ranked the economy the most important issue facing the country, ahead of topics tied to democracy and immigration.

Markets•The Guardian

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Busine…

Markets•The Guardian

Bomb threats disrupt at least 15 flights across Europe, renewing hybrid warfare fears

At least 15 planes forced into emergency landings or diversions two days after hoax alerts affected air travel Europe live – latest updates Bomb threats have caused diversions and emergency landi…

One policymaker voted to raise the bank's key interest rate to 4.25%.

Markets•The Guardian

Channel 4 axes Married at First Sight UK after rape allegations

Decision follows reviews of two allegations of rape during filming and one of sexual misconduct Channel 4 has axed its money-spinning reality show Married At First Sight UK, after female participa…

Markets•The Guardian

South West Water’s failure to fix leaks ‘putting customer supplies at risk’

With parts of region served by company in severe drought still, regulators give it six weeks to come up with action plan Repeated failures by South West Water to tackle leaks are putting customers…

Markets•The Guardian

‘I never understood wind’: midterms spark hope for renewables after Trump’s hostility

Future brightens for US developers in particular after election when voters rejected Trump’s war on clean energy After years as collateral damage in Donald Trump’s war on climate action, the Democr…

Markets•The Guardian

Tech barons cozied up to Trump. What will they do in newly blue America?

Democrats’ success was helped by popular anger over tech, AI and the super rich – life for billionaires could become much more difficult The photo of Silicon Valley centi-billionaires at Donald Tru…

Markets•The Guardian

Poundland’s US owner says retailer remains ‘vulnerable’, after talks with ministers

Gordon Brothers still in ‘active discussions’ with interested parties and seeking to ‘protect as many jobs as possible’ The US owner of Poundland has said the high street chain remains “challenged…

Markets•The Guardian

Ministers to target ‘wild west’ of ebikes blocking pavements

Exclusive: Consultation led by Department for Transport will consider parking standards, fleet sizes and insurance requirements Ministers are seeking to end the “wild west” of parked ebikes blockin…

Markets•The Guardian

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates Elon Musk set a record for election spending this year after pouring nearly half a billio…

The next debt-ceiling confrontation could reverse Washington's traditional political roles, raising the possibility of spending concessions, market volatility and a damaging default.

Markets•The Guardian

After the US midterms, what will a lame duck Trump mean for the global economy?

Republicans’ crushing setback will play out in stock markets, inflation, interest rates and economic growth Donald Trump’s loss of control of the House of Representatives and the Senate has put the…

Private-sector job growth held steady in October, with gains spread across sectors

It was driven by energy inflation, which surged above 20% in October.

The BLS reported job openings at 7.52 million, up 333,000 from August and well above the Dow Jones consensus outlook for 7.15 million

The Reserve Bank of Australia's decision was in line with expectations from economists polled by Reuters, and marked its fifth rate increase this year.

The 2027 budget will rise 12.8% to 820.9 trillion won, and will include a 21.3 trillion won investment into semiconductors, physical AI and AI data centers.

The euro zone showed surprising resilience, but weak productivity, industrial competitiveness challenges and demographic pressures remain, analysts said.

The personal consumption expenditures price index was projected to increase 0.5% in September for an annual rate of 3.7%, according to the Dow Jones consensus.

The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.

European Central Bank President Christine Lagarde will step down on Feb. 7 next year, she announced Thursday.

Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.