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Saturday, July 11, 2020
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US Federal Reserve vows to keep providing aid and does not expect rates hike

The US Federal Reserve has made clear that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting no...

European Central Bank increases support to countries ravaged by pandemic

The European Central Bank has boosted its pandemic emergency support programme by 600 billion euros to 1.35 trillion euros in an effort to keep...

India cuts interest rates to shore up Covid-19 ravaged economy

India’s central bank on Friday cut its key interest rate to 4% to revive the economy severely hit the Covid-19 outbreak and a two-month...

Renault seeking up to 5 billion euros in state-backed loans

French car giant Renault is seeking billions in state-backed loans as it tries to weather the coronavirus crisis. The company is also cancelling its dividend...

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...

Barclays posts higher profits despite £1.4bn PPI charge

Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...

Sainsbury’s reveals store overhaul as it warns over half-year profits

Sainsbury’s has said it will close up to 125 Argos stores and supermarkets but open even more amid an overhaul to slash costs. The group said...

RBS unveils bumper £1.7 billion dividend

Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...

Bank of England Governor steps up no-deal Brexit warnings

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...

US Federal Reserve cuts interest rate for first time in more than a decade

The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...

Latest news

FIFA referees’ chief Pierluigi Collina calls for more use of pitchside monitor

Referees’ chief Pierluigi Collina has underlined the importance of using pitchside monitors and warned video assistant referees must not to show the “wrong kind...

Britain heads for sharpest economic slump of major economies in Covid-19 storm

Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s has warned, and ramp up national debt...

Johnny Depp tells High Court no other woman has accused him of violence

Johnny Depp has told the High Court he has never before been accused of hitting a woman, as he continued to give evidence in...

Comet provides spectacular show as it streaks past Earth

A newly discovered comet is streaking past Earth, providing a stunning night-time show after buzzing the sun and expanding its tail. Comet Neowise swept within...

Hagia Sophia formally restored as mosque by Turkish president

Turkish President Recep Tayyip Erdogan has formally reconverted Istanbul’s sixth-century Hagia Sophia into a mosque. He declared it open to Muslim worship on Friday, hours...
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