Bank of England will cut interest rates in August, says Goldman Sachs
Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.
Source: yahoo.com
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Fed holds rates as it warns fight against inflation has hit a bump
The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.
Source: yahoo.com
IMF chief quotes Churchill as she warns of global chaos
The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to economic shocks.
Source: yahoo.com
Strasbourg court could rule that governments have to protect people from climate change
The European court of human rights could this week rule that governments have to protect people from climate change, reports the Daily Telegraph.
Source: carbonbrief.org
Civilians flee as Russians advance near captured Avdiivka
Ukrainians have started to flee towns near the captured city of Avdiivka as Moscow’s troops advance across the front line.
Source: yahoo.com