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The Latest Breaking News from ECB

In the race to catch up with inflation, the Bank of England lags behind

In greyhound races, the hare always wins. The greyhounds settle for the minor places. Head to Romford and you might catch tonight’s last race, in which Our Boy Walker is scheduled to go head-to-head with, among others, Bubbly Maniac. May the best dog come second.

Evening Standard

Ukrainian refugee influx could ease euro zone labour shortage: ECB

The influx of Ukrainian refugees into the European Union could gradually ease labour shortages in the euro zone as some of those fleeing the war are likely to settle permanently, the European Central Bank said on Monday.

Reuters

Time to end ECB spin and give English cricket the governing body it deserves

The priority is not to wring more money out of broadcasters, but to preserve and find a way to share – not sell – this sport

The Guardian - UK

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Fight against inflation raises spectre of global recession

Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises

The Guardian - UK

Yorkshire pledge to cooperate with ECB after being charged over racism claims

‘A number of individuals’ also face disciplinary proceedings over allegations made by former player Azeem Rafiq

The Independent UK

A timeline of Yorkshire’s cricket racism scandal

The county and a “number of individuals” were charged by the ECB on Wednesday.

The Independent UK

Why is the ECB still fiddling over a potential eurozone crisis?

Christine Lagarde is failing to heed the lesson of the last decade: act quickly and act clearly

The Guardian - UK

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Azeem Rafiq eyes ‘closure’ to Yorkshire racism scandal as ECB dishes out charges

Rafiq’s allegations of racism and harassment during two spells at Yorkshire have been investigated by the ECB

The Independent UK

Yorkshire and ‘number of individuals’ charged by ECB over Azeem Rafiq racism scandal

Azeem Rafiq welcomed the ECB's decision to charge Yorkshire and seven unnamed individuals in following an investigation into his claims of racist abuse at the club

Daily Mirror

Yorkshire and ‘a number of individuals’ charged by ECB over racism allegations

The ECB did not name any of the individuals who have been charged.

The Independent UK

ECB charge Yorkshire and ‘a number of individuals’ after investigation into Azeem Rafiq racism scandal

English cricket’s disciplinary body has charged Yorkshire and “a number of individuals” following an investigation into the racism scandal that has rocked the club over the last two years.

Evening Standard

ECB charge ‘number of individuals’ in wake of Yorkshire racism scandal

The Cricket Disciplinary Committee (CDC) will now hear each case against the individuals, who have been charged with bringing the game into disrepute

The Independent UK

Rafiq welcomes chance of ‘closure’ after ECB charges in Yorkshire racism case

A number of people have been charged by the England and Wales Cricket Board following its investigation into allegations of racism at Yorkshire

The Guardian - UK

Markets brace for sharpest rise in US interest rates in almost 30 years

Federal Reserve expected to increase cost of borrowing by 0.75 percentage points to curb rising inflation

The Guardian - UK

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The Independent UK

ECB charges seven people over allegations of racism at Yorkshire – report

The individuals have been charged with bringing the game into disrepute, according to the Cricketer

The Independent UK

European Central Bank holds emergency meeting today as bond markets plunge

The European Central Bank (ECB) is to hold an unscheduled meeting on Wednesday amid growing fears that turmoil in bond markets is causing big increases in the cost of government borrowing.

The Independent UK

European Central Bank to gather after borrowing costs rise

The European Central Bank’s rate-setting council will hold an unscheduled meeting “to discuss market conditions” as borrowing costs for several countries have risen after the bank said it would raise interest rates

The Guardian - UK

ECB to devise new tool to help indebted countries as markets await Fed rate rise – as it happened

Investors wait to see how aggressive US Federal Reserve will be in raising rates; Italian bond yields tumble, euro and stocks rise as ECB holds surprise meeting

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The Independent UK

ECB announce partnership to help improve Muslim inclusion in cricket

Nujum Sports has been advising the ECB during the past year

Newsroom.co.nz

Europe’s path to Mexico’s debt crisis

The writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s, writes Oliver Hartwich

The Guardian - UK

Why bankers close their ears to the ‘climate nut jobs’ talking about the end of the world

An investor’s rant gives an insight into the City’s short-termist view of the environment crisis

Evening Standard

Rob Key keen to free up ‘pathway’ to help home-grown English coaches after McCullum and Mott appointments

Today at Trent Bridge, England began their second Test under the leadership of Brendon McCullum, their first coach from New Zealand. In a week’s time, Matthew Mott, an Australian, takes charge of his first white-ball international, an ODI in the Netherlands.

Radio France Internationale

Eurozone interest rates to rise for first time in a decade

The European Central Bank (ECB) will raise interest rates next month for the first time in 11 years in a bid to control soaring inflation, ending a stimulus scheme to support the economy during the Covid-19 pandemic.

Benzinga

Bitcoin, Ethereum, Dogecoin Fall: Volatile Market Frays Investor Nerves Ahead Of Inflation Data

Bitcoin and Ethereum traded in the red on Thursday evening, as the global cryptocurrency market cap remained nearly flat at $1.2 trillion at press time.

Benzinga

ECB leaves EUR/USD Traders Disappointed

Thursday’s ECB meeting ultimately left EUR/USD trading lower as traders questioned the near-term path for euro area rates. Granted, policymakers were crystal clear of a 25-bps interest rate hike in July, but they failed to specify the size of the hike indicated for September.

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