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Labour leader says he thinks most practical way to get aid into Gaza is to have a humanitarian pauseKeir Starmer is delivering his speech to the North East Chamber of Commerce now.He starts by saying they are near the A1, where there is a stretch of r…
Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024Bank warns of recession risk in election run-upBusiness live – latest updatesUK politics live – latest updatesThe Bank of England has warned the economy will be…
Ireland and Austria post biggest declines, while Germany contracts by 0.1% and France grows by 0.1%Business live – latest updatesThe eurozone is teetering on the brink of a winter recession after the latest official figures showed its economy contracte…
Western companies that sell their Russian assets restricted from taking proceeds in dollars and eurosRussia has reportedly imposed additional currency controls in an attempt to prop up the falling rouble, restricting western companies that sell their R…
Remortgaging at lowest level since January 1999 as borrowers face higher repaymentsUK mortgage approvals slumped in September amid mounting signs of stress in the property market, according to official figures before the Bank of England’s next decision…
Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buybackHigher interest rates helped HSBC to more than double its profits and hand over $3bn (£2.5bn) to shareholders, as MPs criti…
High wages and a tight labor market powered consumer spending, leading to GDP growth of 4.9%The US economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, ag…
Eurozone central bank gives press conference after pausing its cycle of rate hikes, as inflation slows and Europe’s economy weakensFull story: ECB keeps interest rates steady amid eurozone recession fearsUS economy grows at fastest pace in nearly two y…
Widely expected decision by European Central Bank follows 10 consecutive hikes in borrowing costsUK politics live – latest updatesThe European Central Bank has paused its toughest cycle of interest rate increases since the launch of the euro, amid grow…
Bosses warn European Commission president that ‘rules of origin’, which come into force in January, will harm EV production in EuropeThe bosses of Europe’s largest carmakers have urged the president of the European Commission to postpone the “cliff-edg…