In a recent development, Russia has launched a ‘massive attack’ on energy facilities in Ukraine, according to reports by POLITICO. This aggressive move by Russia has escalated tensions between the two countries and raised concerns about the stability of the region. The attack on Ukraine’s energy infrastructure highlights the ongoing conflict between the two nations and the impact it can have on global energy markets.
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Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves faced setbacks in her efforts to boost economic growth as the Bank of England downplayed the possibility of a significant interest rate cut, opting for a more cautious approach. Chief economist Huw Pill's comments came after the bank halved its growth forecast and warned of higher inflation and increased unemployment due to rising taxes and minimum wage. Reeves' future as chancellor is in question, with the Bank highlighting unexpected pay growth as a...
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