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The Latest Breaking News from ING

Fears Brits face biggest interest rate hike in 30 years making mortgages pricier

The Bank of England's Monetary Policy Committee is expected to increase interest rates from 0.75% to 2.5% in what would be the single biggest hike in more than 30 years

Daily Mirror

Pound sinks to new 37-year low as inflation soars

Sterling dropped below $1.14 taking it to its worst point since 1985

The Independent UK

Number of people in UK with long-term sickness rose to record 2.5m in July

Almost 400,000 have exited jobs market with long-term health problems since early 2020, ONS says

The Guardian - UK

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Recession watch: Will the economy shrink this year after it grew in July? – City experts look ahead

Can the energy price cap help the stuttering UK economy avoid a full-blown recession?

Evening Standard

Ethereum Blockchain Set for 'Monumental' Overhaul

An army of computer programmers scattered across the globe is set to attempt one of the biggest software upgrades the crypto sector has ever seen this week to reduce its environmentally unfriendly energy consumption. Developers have spent years working on a more energy-efficient version of the ethereum blockchain, a digital…

Asharq Al-Awsat

Shaking Up The Stablecoin Scene

With the initial phases of the Merge underway, Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) and the broader markets over the past week. That includes the S&P 500 and Nasdaq.

Benzinga

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

ABC News

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ECB delivers record-setting rate hike

FRANKFURT: The European Central Bank (ECB) announced the largest interest rate increase in its history on Thursday and said there were more to come as it scrambles to pull inflation down from record heights.

Bangkok Post

ECB makes biggest rate hike in eurozone history lifting rates by 0.75%

European Central Bank intensifies its fight against inflation but euro falls under parity with the dollar

Evening Standard

Pound falls to lowest level since 1985 against dollar – as it happened

IFS boss says Liz Truss’s plans to freeze energy bills ‘very poorly targeted’; Putin threatens to cut off energy supplies if price caps are imposed; UK housing market shows signs of slowing

The Guardian - UK

Oil Prices Ease on OPEC+ Output Cut

Oil prices inched lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market's recent slide. Brent crude futures had fallen 81 cents, or 0.9%,…

Asharq Al-Awsat

Gas Prices Soar as Indefinite Halt of Nord Stream 1 Kindles Winter Fears

Dutch and British wholesale gas prices soared on Monday morning, reversing most of a downward trend seen the previous week, after Russian gas deliveries to Germany via the Nord Stream 1 were suspended indefinitely over the weekend. The British contract for day-ahead delivery sky-rocketed 200 pence, or 133% to 350…

Asharq Al-Awsat

Pressure mounts on ECB for a more aggressive rate hike as inflation hits record 9.1%

Rate-setting meeting is due next week for the shared currency area

Evening Standard

ASX plunges on Powell comments, Fortescue drags on subdued earnings, A2 Milk soars nearly 10pc

Australian shares have plunged, tracking Wall Street losses last week after US Federal Reserve Chair Jerome Powell reiterated a hawkish tone to battling inflation, while miner Fortescue Metals skidded after posting a lower annual profit.

ABC News

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Evening Standard

How high can inflation go as soaring energy prices stoke cost-of-living crisis?

Citi says 18%, official forecasts say just over 13% -- why so high and when will inflation peak?

The Guardian - UK

Europe on the brink: the states battling to stave off recession

War, drought and Covid have blighted prospects not just in Britain but continent-wide. Which countries are most at risk?

Bangkok Post

Philippine central bank delivers big rate hike

MANILA: The Philippine central bank on Thursday delivered another large interest-rate increase and signalled it has space to raise borrowing costs further to tackle broadening price pressures.

The Guardian - AU

Glitch lets ING Australia customer see others’ account information

Two customers’ account numbers and balances pop up on screen when NT resident Nick Oliver was using bank’s site

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news in one place.

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Axios

Companies hoarding workers could keep the labor market strong

Some employers say they are hesitant to reduce headcount, even as economic growth deteriorates.

The Guardian - UK

Eurozone inflation hits record high of 8.9% as energy prices soar

Cost of living crisis comes as 19-member currency bloc beats growth forecasts in second quarter

France 24

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

Asharq Al-Awsat

Inflation Hits Record 8.9% in 19 Countries Using the Euro

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by Russia's war in Ukraine, but the economy still managed some meager growth. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase…

Al Jazeera

China drops reference to economic growth target amid COVID fight

Ruling Communist Party drops previous calls to reach 5.5 percent growth this year.

StockNews.com

The 3 Best Stocks to Hedge Against Inflation

With inflation at a multi-decade high and the Fed’s aggressive interest rate hikes increasing the odds of a recession, the stock market is expected to remain highly volatile in the upcoming months. So we think investing in fundamentally sound stocks Coca-Cola (KO), Marathon Oil (MRO), and Weis Markets (WMK) could…

Tribune News Service

Putin is set to halt gas, and Germany fears it’s not coming back

FRANKFURT, Germany — On calendars in Germany’s industrial heartland and the halls of power in Berlin, July 11 has been marked in red for weeks.

1 … 16 17 18 19

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