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Bank of England will aim for ‘ample’ reserves in UK financial system, official says

Bermuda Broadcasting Newsdesk -
The BoE is currently unwinding its past quantitative easing asset prices at a pace of 100 billion pounds ($134 billion) a year International News via...
News - World

French PM’s plan to scrap two holidays stirs outcry, and memories of a toppled predecessor

Bermuda Broadcasting Newsdesk -
Leaders on the left were equally displeased International News via Reuters: French Prime Minister Francois Bayrou wants to scrap two public holidays to put France's finances...
News - World

EU’s von der Leyen says new budget fit for ‘new era’

Bermuda Broadcasting Newsdesk -
The proposal aims to triple the budget for migration and border management International News via Reuters: European Commission President Ursula von der Leyen declared on Wednesday...
Finance

ASML drags European stocks lower amid tariff worries

Bermuda Broadcasting Newsdesk -
The latest earnings forecasts showed on Tuesday that the outlook for European corporate health has deteriorated International News via Reuters: European shares slipped on Wednesday, with...
News - World

Oil prices gain on summer demand expectations despite wider economy woes

Bermuda Broadcasting Newsdesk -
Major oil producers are pointing to signs of better economic growth in the second half of the year International News via Reuters: Oil prices rose on...
News - World

Australian AI startup granted AUKUS exemption for autonomous vessel software

Bermuda Broadcasting Newsdesk -
Defence officials have said Australia will rely more on autonomous systems to protect its vast coastline International News via Reuters: An Australian AI startup developing software...
Finance

Dollar drops versus euro and yen, US PPI data in focus

Bermuda Broadcasting Newsdesk -
Against a basket of currencies, the dollar fell 0.16% to 98.46 International News via Reuters: The dollar fell versus the euro and yen on Wednesday after...
Finance

UK inflation rises to highest since January 2024, renewing focus on BoE rate cuts

Bermuda Broadcasting Newsdesk -
Inflation in Britain is the highest of any major advanced economy International News via Reuters: Britain's annual rate of consumer price inflation unexpectedly rose to...
News - World

Iceland volcano emits smoke and glowing lava in 12th eruption since 2021

Bermuda Broadcasting Newsdesk -
Flights at Keflavik airport in the capital of Reykjavik were not affected International News via Reuters: A volcano erupted on Wednesday in southwest Iceland, authorities said,...
News - World

UK fines Barclays $56 million for lapses in financial crime control

Bermuda Broadcasting Newsdesk -
The biggest portion of the fine is related to its banking relationship with gold bullion business Stunt & Co International News via Reuters: Britain's financial regulator...
News - World

US tariffs of 30% would dent, not stop, German growth, says IMK

Bermuda Broadcasting Newsdesk -
That would mean zero growth this year and 1.2% growth next year in Germany, Europe's biggest economy International News via Reuters: U.S. tariffs of 30% on...
News - World

Grand Canyon fire that was left to burn swells 50% after destroying historic lodge

Bermuda Broadcasting Newsdesk -
280 National Park Service workers lost their housing in the blaze International News via Reuters: A wildfire in tinder-dry forest on the North Rim of the...
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