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Finance

Sterling edges up, dollar hobbled by US shutdown

Bermuda Broadcasting Newsdesk -
The shutdown carries the risk of delaying key economic reports that filter into the Federal Reserve's decisions to adjust monetary policy International News via Reuters: The...
Finance

London’s FTSE 100 hits new record high as healthcare stocks surge

Bermuda Broadcasting Newsdesk -
The blue-chip index rose 0.7% as of 0950 GMT, building on its record-breaking close in the previous session and capping off the third quarter...
News - World

Explainer-Why is Britain talking about ID cards again?

Bermuda Broadcasting Newsdesk -
The plan has revived a national debate, last played out two decades ago, in which fears about privacy and security run up against a...
Finance

Bank of England’s Mann says high UK inflation has become persistent

Bermuda Broadcasting Newsdesk -
In August, the BoE set out a potential scenario where a combination of weak productivity growth and fast-rising wages led to more lasting inflationary...
News - World

UK’s grid operators pick Prysmian as preferred bidder for 2 billion-euro electrical link

Bermuda Broadcasting Newsdesk -
The 2 billion euros ($2.35 billion) value of the contract is an estimate as negotiations are not complete, Prysmian, the world's largest cablemaker by...
Finance

Bank of England allots highest amount at 6-month repo since 2020

Bermuda Broadcasting Newsdesk -
The BoE has been seeking to increase usage of the facility as it shifts away from a system of excess reserves in Britain's banking...
News - World

Chinese woman admits UK bitcoin laundering charges on first day of trial

Bermuda Broadcasting Newsdesk -
Qian Zhimin, who was also known as Zhang Yadi, appeared at Southwark Crown Court for the first day of her trial but decided to...
News - World

Modella Capital to buy most of Claire’s UK stores out of bankruptcy

Bermuda Broadcasting Newsdesk -
Investment firm Modella will buy 156 Claire's stores from its administrator Interpath Advisory for an undisclosed amount, preserving about 1,000 jobs International News via Reuters: Hobbycraft-owner Modella...
News - World

AstraZeneca plans full US listing, but defuses fears of UK exit

Bermuda Broadcasting Newsdesk -
The decision to remain UK-based will be of some relief to British investors International News via Reuters: AstraZeneca laid out plans on Monday to directly list...
Finance

UK consumer borrowing rises by most since October 2024

Bermuda Broadcasting Newsdesk -
Unsecured consumer borrowing in August was 7.1% higher than a year earlier, up from an annual increase of 7.0% in July and the highest...
Finance

London stocks rally as healthcare leads gains; US government shutdown in focus

Bermuda Broadcasting Newsdesk -
The benchmark FTSE 100 was up 0.6% at 09:36 GMT, while the domestically focused FTSE 250 rose 0.6% International News via Reuters: London stocks rose on...
News - World

Tata Motors-owned JLR begins phased manufacturing restart post cyberattack

Bermuda Broadcasting Newsdesk -
This comes a day after Britain said it will back JLR with a $2 billion loan guarantee to help support its supply chain in...
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