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The Latest Breaking News from Richard Carter

US Federal Reserve holds interest rates steady as three policymakers back hike

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.

ECB Holds Rates Steady As Oil Risks Loom. Traders Are Betting On A September Hike

ECB Holds Rates Steady As Oil Risks Loom. Traders Are Betting On A September Hike

The ECB voted to leave its main interest rate at 2.25%, a decision that was widely expected after the central bank delivered a quarter-percentage-point increase in June, its first rate hike since 2023.

International Business Times

Judge Rules £850K for Grandson's House and Luxury Wedding Was a Gift, Not a Loan

Judge Rules £850K for Grandson's House and Luxury Wedding Was a Gift, Not a Loan

A High Court judge ruled that £850,000 given by Robert Stokes to his grandson for a home and wedding were gifts, not loans, ending a family dispute over repayment expectations.

International Business Times UK

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How UK 30-year bonds reached the highest yield this century and why it matters

Investors are demanding significantly higher returns to hold British debt as 30-year gilt yields reached levels not seen since 1998 this week. The surge represents a major challenge for the UK Treasury but why did it happen and what does it mean exactly?

Wall Street takes a blow after disappointing US jobs data

Wall Street reached new records, but the euphoria ran out as a disappointing US jobs report was released, fuelling expectations that the Federal Reserve will cut key interest rates at its next meeting in September.

Stripes star as Crowhurst wins special BMW 3 Series celebration race

Graham Crowhurst and his stripey M3 E46 - inspired by Jeff Koons’ BMW Art Car M3 GT2 raced by Andy Priaulx at Le Mans in 2010 - enjoyed a memorable Classic Sports Car Club Modern Retro race weekend at Castle Combe, conquering technical issues to maintain his Ramair championship lead…

Late Tin Tops drama as club racing season begins with Silverstone CSCC meeting

Sunday dramas decided two stunning Tin Top contests in favour of Adam Brown and Andrew Marson when late lead changes looked inevitable as the Classic Sports Car Club got the circuit racing season under way on Silverstone’s International circuit.

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Why pop at the Proms hits the right note

Why pop at the Proms hits the right note

Letters: Roger Downie and Liz Fuller respond to a letter on the ‘dumbing down’ of the Proms

The Guardian - UK

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