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Bank of England slows pace of bond rundown, keeps rates steady

Bermuda Broadcasting Newsdesk -
The central bank kept its main interest rate on hold at 4% after August's quarter-percentage-point cut, as expected International News via Reuters: The Bank of England...
News - World

Salzgitter delays later stages of green steel project due to economic and regulatory conditions

Bermuda Broadcasting Newsdesk -
Salzgitter is currently spending around 2.5 billion euros ($2.9 billion), including 1 billion euros in grants, on its so-called Salcos project International News via Reuters: Salzgitter,...
Finance

London stocks rise as Fed cuts rates, unmoved by BoE hold

Bermuda Broadcasting Newsdesk -
Britain's central bank kept its main rate on hold at 4% after last month's quarter-percentage-point cut and nudged up its economic growth forecast for...
News - World

S.Africa’s Transnet agrees port equipment deal with Liebherr

Bermuda Broadcasting Newsdesk -
The two parties have also agreed on a 20-year asset management programme International News via Reuters: South Africa's logistics company Transnet on Thursday said it has...
News - World

French unions strike against austerity, pressuring Macron

Bermuda Broadcasting Newsdesk -
Teachers, train drivers, pharmacists and hospital staff were among those who went on strike as part of the day of protests, while teenagers blocked...
News - World

Trump says he disagrees with UK on recognising Palestinian state

Bermuda Broadcasting Newsdesk -
Trump said: "I have a disagreement with the prime minister on that score, one of our few disagreements, actually." International News via Reuters: U.S. President Donald...
News - World

Diamond selling processes are outdated and hurting producers, trader says

Bermuda Broadcasting Newsdesk -
The diamond market is currently going through a prolonged downturn with demand hurt by global economic uncertainty and the rising popularity of lab-grown stones International...
News - World

Nvidia bets big on Intel with $5 billion stake and chip partnership

Bermuda Broadcasting Newsdesk -
The stake instantly will make Nvidia one of Intel's largest shareholders International News via Reuters: Nvidia on Thursday said it will invest $5 billion in Intel,...
News - World

Albania’s Rama starts fourth term as PM, targets EU membership

Bermuda Broadcasting Newsdesk -
Rama, who was the only candidate for prime minister, received 82 votes in the 140-seat parliament International News via Reuters: Albania's parliament confirmed a fourth four-year...
News - World

Britain says first migrant returned to France under ‘one in, one out’ deal

Bermuda Broadcasting Newsdesk -
British Prime Minister Keir Starmer and French President Emmanuel Macron in July agreed to the pilot scheme International News via Reuters: Britain has returned the first...
Finance

Dollar choppy after Fed decision; pound steady after BoE keeps rates steady

Bermuda Broadcasting Newsdesk -
The pound initially edged up after the BoE's decision, but pared those gains to trade slightly lower on the day at $1.3622 International News via...
Finance

Instant view: Bank of England leave rates on hold, slows down QT

Bermuda Broadcasting Newsdesk -
Policymakers voted 7-2 to slow the annual pace at which it unloads the gilts that it purchased from 2009 and 2021 to 70 billion...
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