Rates held steady now,
Bank of England warns of rise—
Energy's grip tight.
Bank of England warns of rise—
Energy's grip tight.
Rates are held for the sixth time in a row but the Bank says they are likely to rise if high energy prices continue.
Category: Business
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US interest rates raised for first time in three years
Fed raises rates high,
From three point five to four now,
First time in three years.The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.
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State pension likely to top £13,000 a year as UK wage growth slows to 3.9%
UK wages slow down,
Pension climbs past thirteen grand—
Debate sparks anew.The rise has reignited the debate about the state pension's long-term affordability and generational fairness.
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Petrol and diesel prices hit highest since 2022
Fuel prices climb high,
RAC notes 2022's peak,
Drivers brace for cost.The cost of filling up a vehicle has rebounded, according to the RAC, as oil prices remain elevated.
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‘Culture shift’ needed in how UK does business, PM urges
UK PM calls for change,
Backing bold moves in business,
Costs rise, critics warn.Burnham has said those who take risks should be backed by government, but his government has been criticised for increasing business costs.
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Ryanair boss O’Leary defends ‘high-fare rapists’ airlines remarks
O'Leary speaks bold,
Calls out high-fare rapists—
Flights now feel the strain.O'Leary has said airline passengers "can't afford to fly with the high-fare rapists around Europe".
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US inflation holds steady as diesel prices pass $6 a gallon
US prices hold firm,
Diesel crosses six dollars—
Inflation edges up.Prices in the US rose 3.4% in the 12 months to August, according to the latest official figures.
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Air traffic failure was avoidable, says transport secretary
Flights grounded in chaos,
Heidi Alexander calls forth,
An investigation.Heidi Alexander orders an investigation into the glitch that caused more than 2,000 flight cancellations.
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US slaps import ban on Canadian alcohol, motorbikes and other goods
US bans imports true,
Canadian bikes and spirits,
Retaliation rules.It is the latest strike in a long trade war, and comes as Canadian counter-tariffs on US goods come into force.
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AI will cure cancer in our lifetime, claims boss of UK chip giant
UK chip firm Arm claims,
AI’s power will unveil
cancer’s cure in time.Arm Holding's chief executive Rene Haas says artificial intelligence will find a solution to the disease.