34 h. ago Donald Trump calls for ‘full point’ rate cut after jobs report

Renewed attack on Federal Reserve comes after official data shows weakening employment growth

Politics

60 h. ago ECB cuts interest rates to 2% in effort to bolster flagging eurozone growth

European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump’s trade warsBusiness live – latest updatesThe European Central Bank has cut interest rates to 2% in an effort to boost flagging economic growth across the eurozone.The ECB, making its eighth quarter-point cut in a year, said the 20-member currency bloc needed a reduction in the cost of borrowing as it reeled from the damage caused by Donald Trump’s trade wars. Continue reading...

Politics

62 h. ago Eurozone interest rate cut expected; Tesla’s UK sales fall by a third – business live

Rolling coverage of the latest economic and financial newsStock exchange dealt another blow as £12bn fintech ditches main London listingUK trade secretary Jonathan Reynolds has also called for reforms of the WTO, including changes to the much criticised dispute resolutions system which can also take years to settle disputes between trading nations.Reynolds told the European Policy Centre security conference in Brussels:“We do recognise that reforming and repositioning the WTO so that it can respond more effectively to the challenges of today is the only way to safeguard long term stability and growth tomorrow.“Our eyes are fixed on greater flexibility in decision making, greater openness in the east of plurilaterals and building a fully functioning dispute settlement system,”“the trees that survive the storms aren’t the tallest. They’re the ones whose roots are intertwined with their lives.“Just in the past two days, during the OECD trade ministerial [summit] the message was clear a...

Economics

63 h. ago Construction firms cut jobs at fastest rate since 2020 despite signs of recovery

The latest S&P Global construction purchasing managers’ index (PMI) showed a reading of 47.9 last month, improving from 46.6 in April.

Society

64 h. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

66 h. ago Eurozone interest rate cut expected; fintech Wise delivers blow to London stock market – business live

Rolling coverage of the latest economic and financial newsMay was the busiest month for UK house sales since March 2022, new data from Rightmove this morning shows.Across Great Britain, the number of sales agreed is now 6% ahead of the same period last year, Rightmove reports. But London is lagging, with sales just 1% higher than a year ago. Continue reading...

Economics

4 d. ago Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank

Economics

4 d. ago Speed of UK rate cuts ‘shrouded in uncertainty’ after tariffs, Bank boss says

Andrew Bailey told MPs during a Treasury Committee session that the Bank had ‘genuine concerns’ about escalating trade tensions.

Economics

4 d. ago UK interest rate cuts hinge on slowing wage growth, Bailey says

BoE governor tells MPs that central bank expects to ‘see pay coming down this year’

Politics

4 d. ago Bank of England chief warns interest rate cuts now 'more uncertain' as OECD downgrades growth forecasts and says inflation will 'linger'

Andrew Bailey said the prospects for easing the burden on Brits was 'shrouded in a lot more uncertainty', largely due to Donald Trump 's trade war.

Events

8 d. ago BoE policymaker plays down inflation risk in call for rate cuts

Alan Taylor says price rises are being driven by one-off factors as he stressed hit from Trump trade war

Events

2 w. ago Voices: It’s all over for interest rate cuts – get your new mortgage deal now

The markets now expect only one more cut over the next year – and lenders are likely to react by raising their prices, writes James Moore

Economics

2 w. ago Brits battered by soaring prices in 'awful April': Inflation surges to 3.5%

Cabinet minister Steve Reed acknowledged the rise in inflation was 'disappointing' - while Shadow chancellor Sir Mel Stride blamed Rachel Reeves for the hike in inflation.

Economics

2 w. ago I fear a Premium Bond cut is inevitable, says SYLVIA MORRIS: This is where I would put my cash

Premium bond holders are likely to hear bad news soon. Another cut to the prize rate seems inevitable - and I think it could come as early as the July draw.

Politics

2 w. ago UK interest rate cuts have been ‘too rapid’, Bank’s chief economist warns

Huw Pill said the pace of interest rate reductions since August last year has been ‘too rapid’ given the balance of risks to UK inflation.

Events

2 w. ago Interest rates falling ‘too fast’ sparking inflation worry, Bank of England’s chief economist warns

Huw Pill said cuts in the Bank of England’s base rate have been ‘too rapid’

Economics

2 w. ago Reeves eyes Gulf trade pact as ‘next deal,’ Bank of England’s Pill says pace of interest rate cuts ‘too rapid’ – business live

China and Australia cut interest rates; Shell faces protests calling for clean-up in Niger DeltaHere’s our full story on Greggs.Sales at Greggs have picked up after the UK’s biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.These are important issues and we respect the right of people to express their view. But for many years the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.These challenges are managed by a joint venture which Shell’s former Nigerian subsidiary, SPDC, operated, cleaning up every spill from the joint venture’s facilities. Continue reading...

Economics

2 w. ago National Living Wage hike helps Greggs bounce back to strong sales growth after winter slowdown

Food chain’s share soared nearly 8% on the back of strong trading statement

Politics

2 w. ago Australian central bank reduces benchmark interest rate to 3.85% in second cut this year

Australia’s central bank has reduced its benchmark interest by a quarter percentage point for a second time this year to 3.85% after inflation fell within a target range

Politics

2 w. ago Major UK bank issues huge blow to 1.9 million customers after BoE update

Brits may want to take swift action following the BoE's decision to cut the base rate to 4.25% - which has resulted in several banks including Ulster and Monzo slashing their interest rates

Economics