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Finance

Erosion of Fed independence would lead to higher inflation, ECB’s Rehn says

Bermuda Broadcasting Newsdesk -
Questions over the independence of the Fed have arisen this year as Trump repeatedly criticised its Chair Jerome Powell International News via Reuters: U.S. President Donald...
Finance

Bank of England allots record 75.65 billion pounds at short-term repo operation

Bermuda Broadcasting Newsdesk -
The BoE has increasingly used its short-term repo operations as a way to provide banks with reserves International News via Reuters: The Bank of England on...
News - World

UK car production rises for second consecutive month in July

Bermuda Broadcasting Newsdesk -
SMMT CEO Hawes also called for better execution of government strategies to support growth in the sector International News via Reuters: Britain's car production grew for...
News - World

UK’s FCA investigates energy company Drax over biomass sourcing disclosures

Bermuda Broadcasting Newsdesk -
Drax has faced criticism from environmental groups about sourcing wood from Canadian forests International News via Reuters: Britain's financial watchdog is investigating Drax Group's biomass sourcing...
News - World

BMW CEO says ‘can’t afford mistakes’ ahead of fully electric launch

Bermuda Broadcasting Newsdesk -
This, he said, was why the German carmaker decided five years ago to overhaul its portfolio with the new, fully electric 'Neue Klasse' series International...
News - World

Mexico’s jaguar population is up 30% since 2010, but still at risk

Bermuda Broadcasting Newsdesk -
Since the last census in 2018, the population has grown 11%, a "surprising and encouraging" result International News via Reuters: Mexico's jaguar population has increased significantly...
News - World

Personal details of Church of England abuse victims leaked, say survivors

Bermuda Broadcasting Newsdesk -
The Church – central to 85 million Anglicans worldwide – approved an independent redress scheme for victims when its governing body met in February International...
News - World

Gunman attacks Minneapolis school children in chapel, killing two and injuring 17

Bermuda Broadcasting Newsdesk -
The shooting occurred two days after school started at Annunciation Catholic School International News via Reuters: A black-clad gunman killed two children and wounded 17 other...
News - World

HSBC UK restores banking services after outage

Bermuda Broadcasting Newsdesk -
British lawmakers reported in March this year that nine top UK banks and building societies suffered at least 803 hours of unplanned tech and...
News - World

Porsche begins CEO search likely to end dual VW role, source says

Bermuda Broadcasting Newsdesk -
Blume's twin posts have been a contentious issue among shareholders since Porsche's listing as a separate company in September 2022 International News via Reuters: Porsche has...
Finance

Dollar rebounds with focus on Fed policy as French politics cloud euro

Bermuda Broadcasting Newsdesk -
The euro touched its weakest level since August 6 and was last down 0.44% at $1.1591 International News via Reuters: The dollar rose against major currencies...
News - World

Abercrombie & Fitch tightens annual profit forecasts as tariff pain worsens

Bermuda Broadcasting Newsdesk -
The tariff warning overshadowed the Hollister parent's upbeat annual sales forecast International News via Reuters: Abercrombie & Fitch on Wednesday tightened its annual profit forecast and...
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