Bank of England trims rate to 3.75% for first time in four months
Business & Markets • 2 months ago
Central bank cites easing inflation and softer growth as it lowers the benchmark for the first time since a prior tightening phase
Business And Markets News
21 States Join FTC Lawsuit Against Uber Over 'Free Trial' Scam
Business & Markets • 2 months ago
Amended complaint alleges Uber enrolled users in Uber One without consent, charged fees, and made cancellation difficult, with 21 states and DC joining the action.
Britons blame corporate greed for price hikes, survey finds
Business & Markets • 2 months ago
Zero100 study across seven markets shows Britain most likely to link price rises to corporate profits amid persistent inflation
Retail groups warn Employment Rights Bill could reduce jobs, not improve them
Business & Markets • 2 months ago
BRC cites rising unemployment and persistent retail job losses; calls for policy reform and business–government collaboration to sustain hiring and upskilling
BoE lowers Bank Rate to 3.75% in close vote as inflation outlook improves
Business & Markets • 2 months ago
5-4 vote to cut from 4%, inflation forecast near 2% next year and growth seen flat; policymakers signal further reductions could be more contentious
Holiday scams surge as shoppers face near-billion-dollar losses, IC3 reports
Business & Markets • 2 months ago
IC3’s 2024 findings show nearly $1 billion in losses from seasonal fraud, driven by package alerts, fake deals, and urgent-payment schemes.
Sixes cricket-themed bar chain enters administration
Business & Markets • 2 months ago
Hospitality chain Sixes remains open at 15 UK venues after going into administration; Southampton site closed as administrators explore a sale of the business.
BoE Cuts Rates Narrowly Ahead of Christmas, Signals More Easing Ahead
Business & Markets • 2 months ago
Governor Bailey casts a decisive vote in a cautious shift as economists warn momentum remains fragile.
Delaware Court Restores Elon Musk's Tesla Pay Package
Business & Markets • 2 months ago
Delaware Supreme Court overturns 2024 rescission ruling, leaving a 2018 pay deal worth about $139 billion as stock markets remain volatile for Tesla.