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EU must tap trillions of euros in private savings to keep up with US and China, investors say

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Former European Central Bank chief Mario Draghi warned in 2024 that the EU needed to better coordinate industrial policy, make quicker decisions and attract...
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China complains UK sanctions on Chinese entities over Russia

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It urged Britain to correct what it called a "mistake" and withdraw the sanctions, saying China would take necessary measures to safeguard the rights...
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ECB will be proactive against high inflation even after Iran deal, Lane says

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The ECB raised interest rates for the first time in nearly three years last week and left the door open to more tightening to...
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UK statistics office urges move away from older productivity measure

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The Office for National Statistics' so-called real-time indicator measure — introduced in August 2024 — shows faster productivity growth International News via Reuters: Britain's statistics office...
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European Parliament votes to approve EU-US trade deal

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U.S. President Donald Trump struck a deal with the European Union at his Turnberry golf course in Scotland last July International News via Reuters: The European...
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UK’s Reeves says it is ‘very important’ to reduce government borrowing costs

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Speaking at a conference for bond investors hosted by the Financial Times, Reeves said Britain paid more to borrow than similar countries International News via...
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Red Cross says Congo Ebola epidemic yet to peak, may last a year

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Over 800 cases of the rare Bundibugyo strain, for which there is no proven treatment or vaccine, have been reported in Congo, 192 of...
Finance

Oil drops to fresh three-month low as markets weigh US-Iran peace deal

Bermuda Broadcasting Newsdesk -
Brent crude futures were down $1.70, or 2%, at $81.47 a barrel, by 1034 GMT International News via Reuters: Oil prices slid to fresh three-month lows...
Finance

Dollar drifts, no respite for yen after BOJ hikes rates as expected

Bermuda Broadcasting Newsdesk -
U.S. President Donald Trump said on Monday that a preliminary agreement to end the war in the Middle East had been signed by the...
News - World

US Air Force B-52 bomber crashes in flames in California, killing all 8 crew aboard

Bermuda Broadcasting Newsdesk -
The eight-engine, jet-powered aircraft, built to carry a wide array of nuclear and conventional bombs, was on a routine test mission when it crashed...
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Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT

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The war, which began in late February, has largely halted shipping through the key route for around a fifth of the world's oil and...
News - World

UK minister rejects Thames Water rescue, nationalisation more likely

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The government's decision is preliminary but could impact Britain's water regulator Ofwat, which will have the final say on whether to accept the proposal International...
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