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UK

Finance

Bank of England set to cut rates as inflation and economy slow

Bermuda Broadcasting Newsdesk -
A quarter-point cut would take Bank Rate to its lowest level in nearly three years, although that would still be almost double the equivalent...
News - World

Banks win bid to block $3.6 billion mass forex UK lawsuit

Bermuda Broadcasting Newsdesk -
Phillip Evans, a former inquiry chair at Britain's Competition Markets Authority, was leading the case on behalf of thousands of asset managers, pension funds...
Finance

Britain to overhaul benchmark rules to cut industry burden

Bermuda Broadcasting Newsdesk -
Industries such as commodity trading, foreign exchange, bond issuance and derivatives clearing rely on a wide range of benchmarks to help allocate capital and...
News - World

EU rules out UK exemption from carbon border levy until markets link

Bermuda Broadcasting Newsdesk -
British industries had hoped to get a temporary exemption from the EU's carbon border adjustment mechanism (CBAM) while the carbon market linkage negotiations are...
News - World

UK will rejoin EU’s Erasmus+ student exchange scheme

Bermuda Broadcasting Newsdesk -
The UK contribution for the 2027/28 academic year will be 570 million pounds ($760 million) International News via Reuters: Britain and the European Union agreed on...
News - World

UK inflation unexpectedly tumbles, firming Bank of England rate cut bets

Bermuda Broadcasting Newsdesk -
The decline in inflation reflected falls in the cost of cakes, biscuits, cereals and confectionery, as well as a smaller impact from tobacco prices...
Finance

UK stocks rebound on banking gains ahead of BoE rate cut call

Bermuda Broadcasting Newsdesk -
The UK's blue-chip FTSE 100 rose 1.7% by 1032 GMT — on pace for its best day since April 14 International News via Reuters: The UK's...
News - World

Decline in UK industrial orders eases slightly, CBI says

Bermuda Broadcasting Newsdesk -
The CBI's monthly order book balance rose to -32 in December from -37 in November after weakening in the run-up to finance minister Rachel...
Finance

Sterling tumbles as declining inflation cements BoE cut bets

Bermuda Broadcasting Newsdesk -
British consumer price inflation fell to 3.2% in November, its lowest since March, from 3.6% in October, official figures showed on Wednesday International News via...
Finance

OpenAI taps former UK finance minister Osborne to lead global Stargate expansion

Bermuda Broadcasting Newsdesk -
Osborne, who served as chancellor of the exchequer from 2010 to 2016, will take up the role in January and will oversee the expansion...
Finance

UK launches review of foreign financial interference in politics

Bermuda Broadcasting Newsdesk -
Announcing the move, the government cited the case of a former senior member of Reform UK who was jailed for taking bribes to promote...
News - World

UK businesses breathe sigh of relief after Reeves’ budget, PMIs show

Bermuda Broadcasting Newsdesk -
The S&P Global Purchasing Managers' Index rose to 52.1 in its preliminary measure for December from 51.2 in November International News via Reuters: British businesses appear...
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