Bank of England unveils final stablecoin rules, eases key proposals
The Bank of England on Monday published its final policy statement and draft Code of Practice for systemic stablecoin issuers, easing some of the proposals it had put forward for…
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Category: Business
ECB study flags limited impact of AI boom on US jobs and wages
A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according…
Starmer to step down; markets eye Burnham’s fiscal plans and chancellor pick
UK Prime Minister Keir Starmer said on Monday that he would step down as Labour leader and prime minister, ending months of political turmoil and setting in motion a leadership…
Why a hawkish Fed isn’t scaring Wall Street
US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts. Several major financial institutions have recently pushed back their forecasts for monetary…
UK retail sales beat forecasts with 1.2% rise in May
British retail sales rebounded more strongly than expected in May, supported by favourable weather conditions and promotional activity by retailers, according to official data released on Friday. The figures come…
UK wage growth remains resilient as unemployment falls to 4.9%
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of…
Bank of England holds rates at 3.75% as inflation risks persist
The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments. The…
US jobless claims fall to 226,000 as layoffs remain low, labor market stays resilient
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader…
British consumer inflation remains steady at 2.8% in May
British inflation remained unchanged in May, according to official data released on Wednesday, providing a closely watched update for policymakers and investors ahead of the Bank of England’s latest interest…