The Bank of England’s chief economist has signalled that policymakers should not cut interest rates too fast at future meetings, after the Bank’s first cut in four years on Thursday. Huw Pill said: “There may be a tendency to think inflation is back at target, so interest rates can goContinue Reading
A luggage shipping company is backing Irish Olympians as it celebrates its expansion to France. My Baggage, with a head office in Belfast, has been involved with supporting athletes as well as visitors to the Paris Olympics Games as it celebrates its growth following a recent investment of around £300,000.Continue Reading
Ryanair has revealed it cancelled some 650 flights in July because of air traffic delays, while rival Wizz Air said the global technology outage directly disrupted about 1% of its flights. The two airlines reported the impact of disruption as they unveiled how many passengers they flew last month. Low-costContinue Reading
The new Labour Government has shelved £1.3 billion of “unfunded” investment for UK tech and AI projects promised by the Conservatives. The Department for Science, Innovation and Technology (DSIT) said no new funding for the programmes had been allocated in the previous Tory government’s spending plans, and therefore will notContinue Reading
Rhea Karo is a young British entrepreneur and the driving force behind Social Amour, a leading London-based social media marketing agency. Founded just four years ago, Social Amour has quickly become a powerhouse in the industry, boasting an impressive client roster that includes Hollywood actress Salma Hayek and actor LukeContinue Reading
Intel, the American semiconductor giant, is set to eliminate 15,000 jobs as part of an aggressive effort to revitalise its lagging manufacturing operations and catch up in the competitive artificial intelligence (AI) chip market. The California-based company’s shares plummeted by 20% in after-hours trading in New York to $29.05 followingContinue Reading
Some 95% of estate agents are seeing an increase in demand for homes with air conditioning as temperatures rise, a survey has suggested. More than four in five agents (88%) also reported a rise in homes coming to the market with built-in air conditioning, with 36% saying such a systemContinue Reading
The FTSE 100 suffered a big loss on Thursday after the Bank of England warned against making further interest rate cuts too quickly. The blue-chip index fell 85 points to end the day on 8,283, a 1% fall. Markets initially rose after the Bank cut rates to 5%, a quarterContinue Reading
The Bank of England has cut interest rates for the first time since 2020, but signalled people should not expect borrowing costs to start dropping rapidly in the months ahead. The central bank reduced the base rate from 5.25% to 5% after a split vote among its policymakers. It meansContinue Reading
UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was encouraged by signs that inflation has slowed. The Bank reduced rates from 5.25% to 5%, following a split vote which saw some members ofContinue Reading
