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☆ Bank of England set to hold rates as Europe's central banks diverge from Fed
▼ + stars: | 2024-05-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Variegated tulips planted in flower beds opposite the Bank of England in the City of London on 7th May 2024 in London, United Kingdom. =LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut. The BOE's Monetary Policy Committee is widely expected to keep the Bank Rate at 5.25%, with an announcement due at midday. The latest March meeting saw eight votes to keep rates steady and one to cut. It's going to reach target pretty soon, and that will put the Bank under a lot of pressure to start normalizing policy."

Persons: Andrew Bailey's, Bailey, Francesco Garzarelli, Garzarelli, CNBC's, There's Organizations: Bank of England, Eisler Capital, Bank Locations: City of London, London, United Kingdom

☆ Bank of England scraps outdated inflation forecasting model in major overhaul after Fed boss' review
▼ + stars: | 2024-04-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The Bank of England on Friday announced a "once in a generation" overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. The review — initiated following criticism of the central bank's recent policymaking — sets out 12 recommendations which BoE Governor Andrew Bailey said the bank was committed to implementing. They include the scrapping of the Bank's long-held "fan chart" forecasting system and the introduction of a revamped forecast framework. It added that the BoE currently relies more heavily than other central banks on a central forecast, which may not fully account for wider risks or how inflation expectations can become "de-anchored." Additionally, the review said the bank needed to improve its communication with the public, suggesting the it put less emphasis on the central forecast, simplify its policy statement, and reduce repetitiveness."

Persons: Ben Bernanke, —, BoE, Andrew Bailey, Bailey Organizations: Bank of England, City of, Federal, CNBC, Monetary, Bank Locations: City, City of London, United Kingdom, U.S

☆ Bernanke Review: How the former Fed boss could shake up the Bank of England
▼ + stars: | 2024-04-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on "Perspectives on Monetary Policy" during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023. LONDON — The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its monetary policymaking. The review was launched last summer to assess the Bank's struggles to accurately project the huge global spike in inflation, following Russia's invasion of Ukraine. The first deals with how the Bank of England communicates uncertainty around its central forecasts. The "fan chart" is the Bank's long-held method of presenting the probability distribution that forms the basis of its inflation forecasts.

Persons: Ben Bernanke, BOE, Goldman Sachs, Bernanke, Goldman, Jari Stehn, James Moberly, Stehn Organizations: Federal Reserve, Thomas Laubach Research, Federal Reserve Board, LONDON, Bank of, Federal, MPC, Bank of England, Bank Locations: Washington , DC, Bank of England, Ukraine

☆ U.S. consumer plays in China are more than coffee and iPhones. Stocks to watch
▼ + stars: | 2024-03-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Domino's Pizza's China operator DPC Dash reported Wednesday its 26th straight quarter of same-store sales growth — including the pandemic period. Pizza push Domino's has a roughly 14% stake in DPC Dash, which listed in Hong Kong about a year ago. Woo has a buy rating on DPC Dash and a price target of 73.05 Hong Kong dollars. "Chinese people do eat pizza," DPC Dash CEO Wang said. Yum China, which owns Pizza Hut in China among other brands, is set to release earnings in late April.

Persons: DPC Dash, they've, Xi Jinping, Papa John's, Papa, DPC, Aileen Wang, Wang, Walter Woo, Woo, McDonald's, That's, Christopher J, Kempczinski Organizations: Starbucks, Apple, HSBC, U.S, DPC, Advertising, Hong, Hong Kong Stock Exchange Locations: China, Shanghai, U.S, DPC, Hong Kong, North America, Beijing, Xi'an, Changsha, FY24E, Thurs

☆ I haven't used a clock in years. I can focus better and use calendar notifications to tell me where to be.
▼ + stars: | 2024-03-22 | by ( Megan B. Wells | ) www.businessinsider.com time to read: +4 min

I'd watch the clock and count the minutes until I got to do things such as eat lunch. It wasn't healthy, so I removed all the clocks around me and could focus more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I checked how long I'd been working on a particular task and whether I could justify switching focus or stopping. The author taped over appliances that didn't allow her to remove the clock, such as her oven.

Persons: —, I'd, it's Organizations: Service, Electronics Locations: —

☆ A growing number of colleges are rolling out 'no-loan' policies. ‘They are giving them out like candy,’ Yale professor says
▼ + stars: | 2024-02-28 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Roughly two dozen schools have introduced "no-loan" policies, which means they are eliminating student loans altogether from their financial aid packages. "They are giving them out like candy now," said Menaka Hampole, an assistant professor of finance at Yale School of Management, of the growing number of no-loan policies. "Post-Covid more schools are rolling out no-loan policies mostly on the back of Princeton, which had the money in its endowment to do something," Hampole said. Even if a school has a no-loan policy, that also does not prevent a student or family from borrowing money to help cover their contribution. "No loan doesn't mean free," said Robert Franek, The Princeton Review's editor in chief and author of "The Best 389 Colleges."

Persons: Menaka Hampole, Hampole, Colin Hatton, Hatton, Robert Franek, Nicole Hurd, Hurd, Biden, Terra Gallo, Gallo, Colby, Jackie Hardwick, Hardwick, Randi Maloney, Franek Organizations: Yale School of Management, Princeton, Nationwide, Lafayette College, Finance, Colby College, Colby, The Princeton Locations: Easton , Pennsylvania, Lafayette, Waterville , Maine, Jacksonville , Florida

☆ Dollar poised for weekly decline; US jobs data up next
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +4 min

The dollar index was last at 103.02 and on track for its first weekly decline for the year. The New Zealand dollar rose 0.07% to $0.6149 and was on track for a weekly rise of nearly 1%, its best performance in over a month. It was poised for a weekly gain of nearly 1.3%, its best week in over a month. That highlighted a growing view within the board that conditions were falling in place to soon pull short-term interest rates out of negative territory, which would be Japan's first interest rate hike since 2007. Data on Thursday showed euro zone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank's argument that rate cuts should not be rushed.

Persons: Jerome Powell, Ray Attrill, Raf Choudhury, BoE, Thierry Wizman Organizations: Federal Reserve, New Zealand, National Australia Bank, Friday's, Analysts, Bank of Japan's, Bank of England, Monetary, European Locations: Abrdn, U.S

☆ Bank of England could be about to open the door to interest rate cuts
▼ + stars: | 2024-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for hints about future rate cuts. The labor market has shown signs of rebalancing, although the overall trajectory remains somewhat uncertain, while wage growth and services inflation have surprised the Bank's November projections substantially to the downside, Goldman Sachs economists noted on Sunday. "We expect the MPC to retain its data-dependent approach and reiterate that monetary policy 'will need to be sufficiently restrictive for sufficiently long'," Quadri said. Goldman sees a first 25 basis point cut in May, followed by further quarter-point increments at every meeting until the Bank rate reaches 3% in May 2025.watch now

Persons: Henry Nicholls, Goldman Sachs, Ibrahim Quadri, Swati, Catherine, Mann, Quadri, Goldman Organizations: Bank of England, Reuters LONDON, Monetary, MPC, Goldman Locations: City, London, Britain, British, U.K

☆ Central banks look to have hit peak rates. Here's how markets think they'll come down
▼ + stars: | 2023-11-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The U.S. Federal Reserve, European Central Bank and the Bank of England dramatically hiked rates over the last 18 months in a bid to tame runaway inflation. Reid also highlighted that this is the seventh time this cycle that markets have notably reacted on dovish speculation. "Clearly rates aren't going to keep going up forever, but on the previous 6 occasions we saw hopes for near-term rate cuts dashed every time. In clear, waiting for inflation to reach 2% before cutting rates would be 'overkill,'" Moëc said. However, minutes from last week's meeting reiterated the Monetary Policy Committee's expectations that rates will need to stay higher for longer, with U.K. CPI holding steady at 6.7% in September.

Persons: Jerome Powell, Brendan McDermid, nonfarm payrolls, DBRS Morningstar, Jim Reid chalked, Reid, we've, Gilles Moëc, Moëc, Christine Lagarde, Yannis Stournaras Organizations: Federal Reserve, New York Stock Exchange, U.S . Federal Reserve, European Central Bank, Bank of, Fed, PCE, DBRS, Deutsche Bank, ECB, AXA, National Bank of Greece, of, Bank of England, CPI, BNP Locations: New York City, Bank of England, U.S, Europe

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nike, TJX, Disney, Peloton, Re/Max, Home Depot and more
▼ + stars: | 2023-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock after its 10-K annual report. Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. Morgan Stanley names TotalEnergies a top pick Morgan Stanley named TotalEnergies a top pick and says the energy company has "resource depth and resilience." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note Tuesday that Tesla needs to "stop missing numbers" and execute better, but that the firm is sticking with its overweight rating. Morgan Stanley downgrades Re/Max to underweight from equal weight Morgan Stanley said in its downgrade of Re/Max that it sees too many negative catalysts for the real estate company.

Persons: Morgan Stanley, Apple, it's, Edward Jones, Hewlett Packard, PC's, D.A, Davidson, Appian, Wells, Wells Fargo, financials, Tal, EDU, TAL, TotalEnergies, TJX, Goldman Sachs, Tesla, Melius, Morgan Stanley downgrades, Max Organizations: RBC, Home, ISI, Nike, Athletic, UBS, Apple, Citi, Deutsche Bank, TAM, Hewlett, Disney, Tal Education, BP, TJX Companies, Thomson Reuters, Nasdaq, Tesla, Nvidia Locations: Ceridian, China, OW

☆ Bank of England leaves interest rates at 15-year high, says policy to stay tight for 'extended period'
▼ + stars: | 2023-11-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — The Bank of England on Thursday left interest rates unchanged, but said monetary policy will likely need to stay tight for an "extended period of time." The Monetary Policy Committee voted 6-3 in favor of keeping the main Bank rate at 5.25%, with three members preferring another 25-basis point hike to 5.5%. "The MPC's latest projections indicate that monetary policy is likely to need to be restrictive for an extended period of time. Further tightening in monetary policy would be required if there were evidence of more persistent inflationary pressures," the MPC said in its Thursday statement. It added that monetary policy will need to be "sufficiently restrictive for sufficiently long" to return inflation to the 2% target sustainably.

Persons: Jeremy Hunt, Jerome Powell Organizations: Bank of England, LONDON, Bank, MPC, U.S . Federal Reserve, Federal, Treasury, Bank of Locations: British, Europe

☆ Bank of England set to hold rates again, but markets see no cuts on the horizon
▼ + stars: | 2023-11-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. "U.K. economic activity appears to have slowed further, the housing market is weaker, consumer spending is falling, and inflationary pressure is showing further signs of dissipating. U.K. inflation came in at 6.7% in September , unchanged from the previous month and considerably higher than in other G7 economies. "The only way that we can rationalise this is if U.K. inflation remains stuck at 3% or higher forever, and/or the U.K. economy avoids a meaningful recession," he said. The European Central Bank last week held rates steady at their current record high of 4%, ending a run of 10 straight hikes.

Persons: Mike Riddell, BoE, Swati Dhingra, Riddell, Abbas Khan, Haskel, Mann, Dhingra, Catherine Mann, Allianz's Riddell Organizations: Bank of England, Allianz Global Investors, P, MPC, Bank, Monetary, LONDON, Barclays, U.S . Federal, Treasury, European Central Bank Locations: City, London, Britain, Israel

That's why I'm spending Prime Day looking out for the gaming deals that are actually worth your money. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. Some of the best Prime Day deals on printers include the Brother MFC-J1010DW, a budget multi-function unit that's less than $80. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional.

Persons: we've, I've, Zelda, I'm, — William Antonelli, that's, — Gabrielle Chase, Lily Alig, — Steven Cohen, Apple, There's, — John Lynch, Amazon Steven Cohen, James, — James Brains, Sam Crozier, — Sally Kaplan, Lash, haircare, — Kevin Webb, Les Shu, — Lauren Savoie, Anker, soundbar, wimpy, — Lisa Sabatini, Amazon Emma Kershaw, Sarah Saril, Rick Stella Organizations: Amazon Amazon, Hispanic Heritage, Amazon Antonio, Boas, Buyers, Sony WH, Amazon Apple, Apple Watches, Amazon, Samsung, Amazon The, Casper, Samsung's, Facebook, Amazon Dyson, Deal, Nvidia, Gaming, MFC, HP, Samsung Watch, Garmin, Apple, Amazon Amazon Prime, Kindle Locations: Western

Lhonak Lake in Sikkim state overflowed on Wednesday, causing major flooding that authorities said had impacted the lives of 22,000 people. The latest flooding was exacerbated by water released from state-run NHPC's Teesta V dam, local officials said. As of Thursday evening, 98 people were missing, 17 of whom were army personnel, state chief secretary V.B. "Due to bad weather conditions we cannot have air service towards the northern part of the state," Rai told Reuters. [1/4]An area affected by the flood is seen in this undated handout image released on October 4, 2023, in Sikkim, India.

Persons: V.B, Pathak, Prabhakar Rai, Rai, G.T, Dhungel, Subrata Nag Choudhury, Jatindra, Tanvi Mehta, Krishn Kaushik, Sarita Chaganti Singh, Ruma Paul, Rajendra Jadhav, YP Rajesh, Robert Birsel, Michael Perry, Kim Coghill, Mark Heinrich Our Organizations: NEW, Authorities, Reuters Graphics Reuters Graphics, Disaster Management Authority, Reuters, India Army, REUTERS Acquire, Army, National Disaster Management Agency, Nature Communications, YP, Thomson Locations: NEW DELHI, KOLKATA, India, Sikkim, Asia's, Bangladesh, Chungthang, Mangan, Gangtok, Nepal, Bhutan, China, Siliguri, West Bengal, Pakistan, Peru, Kolkata, Bhubaneswar, New Delhi

☆ Reactions: Bank of England bashes pound after halting rate rises
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +8 min

A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Investors had already rushed on Wednesday to reel in their bets on further UK rate rises after data showed UK inflation cooled surprisingly quickly in August. Against the euro , the pound was down 0.5% at 86.74 pence, having traded around 86.70 pence before the decision. "The MPC still refers to its flexibility to react should things change, but the chances are this could be the peak in this UK interest rate cycle." "However, there is a risk that the ‘lag effect’ on interest rate hikes means that today’s decision may not be felt for another 9 to 12 months."

Persons: Hollie Adams, Sterling, THOMAS, Huw Pill's, HUGH GIMBER, PHILIP SHAW, DOUGLAS GRANT, JEREMY BATSTONE, CARR, RAYMOND JAMES, FRANCES HAQUE, JOE TUCKEY, RICHARD GARLAND, GILES COGHLAN, BoE, stagflation, Amanda Cooper, Dhara Organizations: Bank of England, City of, REUTERS, London, Investors, Bank of, Bank, MPC, SANTANDER, LONDON, Core CPI, PMI, CPI, EMEA, Thomson Locations: City, City of London, Britain, London, MANX, EUROPEAN, FRANCE, GROUP, OXFORDSHIRE

☆ Bank of England readies what may be its final rate hike
▼ + stars: | 2023-09-17 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. All but one of 65 economists polled by Reuters in recent days predicted the BoE will raise Bank Rate to 5.5% on Thursday from 5.25%, which would mark its highest level since 2007. If Bank Rate does peak at 5.5% - from a starting point of 0.1% - it would rank fourth on the list of Britain's biggest tightening cycles of the last century, behind surges that took place in the late 1980s and in the early- and late-1970s. The European Central Bank also cited a weak economic outlook when it hiked rates last week and signalled that would be its last such move in the current cycle. Inflation figures for August due on Wednesday are likely to buck the falling trend thanks to rising petrol prices.

Persons: BoE, Maja Smiejkowska, Andrew Bailey's, Bailey, Benjamin Nabarro, Catherine Mann, Catherine Evans Organizations: Bank of England, REUTERS, Reuters, Monetary, European Central Bank, Barclays, Data, MPC, Citi, Thomson Locations: London, Britain

☆ TikTok fined 345 million euros over handling of children's data in Europe
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies TikTok FollowMeta Platforms Inc FollowDUBLIN, Sept 15 (Reuters) - TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children's personal data in the European Union, its lead regulator in the bloc said on Friday. The DPC gave TikTok three months to bring all its processing into compliance where infringements were found. It has a second probe open into the transferring by TikTok of personal data to China and whether it complies with EU data law when moving personal data to countries outside the bloc. The DPC has hit other tech giants with big fines, including a combined 2.5 billion euros levied on Meta (META.O).

Persons: Dado Ruvic, TikTok, Padraic Halpin, Jason Neely Organizations: REUTERS, European Union, Data Protection, Meta, Thomson Locations: Ireland, China

☆ India rate panel to dial up hawkishness even as it holds policy steady
▼ + stars: | 2023-08-08 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 6, 2023. A July 13-31 Reuters poll of 75 economists showed the central bank was expected to keep its repo rate unchanged at 6.50% at its Aug. 10 policy meeting. The rise in food prices, however, has been sharper than expected this year and is seen lasting longer. The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%. "It will also possibly emphasise a larger need to be watchful of the second-round effects of high food prices and inflation expectations."

Persons: Francis Mascarenhas, Shah, Pankaj Pathak, Swati Bhat, Sharon Singleton Organizations: Reserve Bank of India, REUTERS, MPC, Capital Economics, DBS Bank, DBS, ANZ, U.S, Fed, AMC, Thomson Locations: Mumbai, India, MUMBAI

☆ NatWest cuts forecast peak for BoE rates to 5.5% from 6%
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: 1 min

Signage at a branch of NatWest Bank pictured in central London, May 21, 2008. REUTERS/Luke MacGregor/File PhotoLONDON, Aug 3 (Reuters) - NatWest Markets cut its forecast for the peak in Bank of England interest rates to 5.5% after the BoE's announcement of a latest rate hike and new guidance on Thursday, down from 6% it previously forecast. "We are revising our Bank Rate forecast and now look for just one more 25bp hike to 5.5% in September," NatWest Markets' chief UK economist, Ross Walker, wrote in a note to clients. "The apparent rowing-back in the MPC's policy-tightening guidance leaves us comfortable maintaining our negative bias on sterling," NatWest added. Reporting by David Milliken Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.

Persons: Luke MacGregor, Ross Walker, David Milliken, William Schomberg Organizations: NatWest Bank, REUTERS, NatWest, Bank of, NatWest Markets, Thomson Locations: London, Bank, Bank of England

The National Pork Producers Council (NPPC), the pork industry trade group, supports the Ending Agricultural Trade Suppression (EATS) Act, a bill introduced by U.S. Animal welfare groups say Proposition 12 is necessary because some sows and hens are housed in cages so small they cannot turn around. "We ultimately don’t believe the EATS Act is aligned with progress in animal welfare," Carey said. Hormel Foods <HRL.N> and Tyson Foods (TSN.N) did not respond to questions about the EATS Act. All of its 750 ranchers are in compliance with Proposition 12, said vice president of communications Kerri McClimen.

Persons: Randy Hutton Jr, Leah Millis, Roger Marshall, Ashley Hinson, Clemens, Tyson, Bryan Humphreys, Chris Carey, Carey, Jim Monroe, Brian Moscogiuri, Galina Hale, Chris Green, Randy Hutton, Jr, Hutton Jr, Perdue, Kerri McClimen, Leah Douglas, David Gregorio, Marguerita Choy Organizations: REUTERS, U.S ., Pork Producers Council, U.S, Clemens Food Group, Supreme, Reuters, Smithfield Foods, Tyson Foods, University of California, Harvard Law School's Animal Law, Niman, Thomson Locations: Chestertown , Maryland, U.S, California, U.S . Congress, Smithfield, Santa Cruz, Shore

Meanwhile, the black market for smuggled subsidised Nigerian fuel in Togo and neighbouring Benin and Cameroon has collapsed, further reducing demand for shipments via Nigeria. Average monthly West African (WAF) gasoline imports fell by 56% in the second quarter compared with the first, according to Refinitiv Eikon data. "The key point is demand from West Africa is drying up," said Refinitiv Lead Oil Analyst Raj Rajendran. There may simply be a baseline decrease in demand," said Sparta Commodities gasoline market analyst Philip Jones-Lux. The challenge is coming from the new refineries in the Middle East that are expanding from their traditional East Africa market to now include West Africa and beyond even to the Americas," Rajendran said.

Persons: Bola Tinubu, Jeremy Parker, Raj, naira, Philip Jones, Jones, Lux, Rajendran, Shadia, Barbara Lewis Organizations: Nigeria's, West, ARA, Reuters Graphics, Sparta Commodities, Thomson Locations: Africa, Nigeria, North America, West Africa, Europe, United States, Asia, Ukraine, Togo, Benin, Cameroon, Amsterdam, Rotterdam, Antwerp, Sparta, Mideast, Russia, European, East Africa

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Persons: They're Organizations: Amazon, Seagate, Prime, PlayStation

The best Prime Day Seagate hard drive dealsDeal icon An icon in the shape of a lightning bolt. Deal Seagate Portable 5TB External Hard Drive This Seagate hard drive lets you store thousands of photos, songs, files, and apps in a portable package. Deal Seagate Portable 4TB External Hard Drive This portable Seagate hard drive can hold up to 4TB of data, which is enough for thousands of files. Lowest Price Seagate Expansion 16TB External Hard Drive This Seagate hard drive can hold up to 16TB of data, which is more than most actual computers can store. Deal Seagate ST8000NT001 IronWolf Pro 8TB Internal HDD Hard Drive This internal Seagate hard drive is massive and sturdy, perfect for users handling big files.

Persons: They're Organizations: Amazon, Seagate, Prime, PlayStation

☆ Inflation blame game: UK economic woes set government and central bank on a collision course
▼ + stars: | 2023-07-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.

Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British

☆ Sierra Leone's main opposition party demands rerun of general election
▼ + stars: | 2023-07-01 | by ( Umaru Fofana | ) www.reuters.com time to read: +2 min

FREETOWN, July 1 (Reuters) - Sierra Leone's main opposition party said it had decided to formally reject the results of the national election won by President Julius Maada Bio, citing "glaring irregularities", and called for a rerun of the June 24 poll. Bio was re-elected for a second term with 56% of the vote, narrowly avoiding a run-off against main rival Samura Kamara of the opposition All People's Congress (APC). But Kamara has questioned the official tally, while European election observers noted statistical inconsistencies. In its first official statement on the full results, the APC said on Friday it rejected the outcome "given the glaring irregularities and violations of established electoral procedures." "A rerun after an official declaration of results and a swearing-in ceremony is unconstitutional," he said by phone to Reuters.

Persons: Julius Maada, Samura Kamara, Kamara, Mohamed Rahman Swaray, Swaray, Alessandra Prentice, David Holmes Organizations: People's Congress, Reuters, EU, Thomson Locations: FREETOWN, Sierra Leone, United States, Britain, Ireland, Germany, France

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