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Monday, January 25, 2021
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UK debt reaches highs not seen since 1960

The UK’s national debt hit a record £2.06 trillion (€2.3 trillion) at the end of September, up £259.6 billion in six months, according to...

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...

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