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19.12.2024 21:07
Starmer backs minister accused of embezzling billions in Bangladesh Tulip Siddiq denies claims that she brokered corrupt deal with Russia to build nuclear power plant Keir Starmer has given his full support to Tulip Siddiq, the Treasury minister, after Bangladesh’s anti-corruption commission accused her and family members of embezzling billions as part of a deal for a nuclear power plant.Siddiq, whose role as economic secretary to the Treasury includes responsibility for tackling financial corruption. She has denied any involvement in the claims. Continue reading... ...

19.12.2024 21:08
Train conductor’s bilingual morning greeting raises hackles in Belgium Ilyass Alba welcomed passengers onboard a rush-hour train in Dutch and French – flouting strict language rulesA ticket inspector’s bilingual greeting to a Flemish train passenger has created a political war of words – and an official complaint – in language-divided Belgium.The country’s language watchdog is investigating after a Dutch-speaking commuter protested a conductor’s use of “bonjour” – French for “good morning” – to welcome him onboard during a rush-hour train from Mechelen, in Flanders, to the capital, Brussels, in October. Continue reading... ...

19.12.2024 21:35
Inflation fears trump growth concerns among Bank of England’s MPC members The monetary policy committee voted six to three to hold interest rates steady despite consumers’ reticence to spendBank of England holds interest rate at 4.75%There was no doubt in the City that the Bank of England would hold interest rates at 4.75%. A spurt in annual inflation last month and a sharp rise in wages in the autumn meant its monetary policy committee (MPC) was widely expected to hold fire on a third rate cut this year.What many will find more surprising is the yawning gap between the six committee members who voted to hold rates and the three who voted for a reduction. Continue reading... ...

19.12.2024 21:41
Bank of England holds interest rate at 4.75% but warns of UK stagnation risk Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffsInflation fears trump growth concerns among MPC membersThe Bank of England has kept interest rates on hold as it warned UK growth is on the brink of stagnation amid the fallout from Rachel Reeves’s budget and threat of Donald Trump reigniting global trade wars.Reflecting heightened concerns over stubborn inflation, the central bank’s rate-setting monetary policy committee (MPC) voted by a majority of six to three to leave interest rates unchanged at 4.75%, prolonging the pressure on households and businesses from elevated borrowing costs. Continue reading... ...