As NATO convenes for its annual summit, leaders are growing increasingly concerned about a hole in the alliance’s center. With tensions rising between member countries and threats from Russia and China looming, there is a sense of urgency to address the division within NATO. The lack of unity and cooperation among member states could weaken the alliance’s ability to effectively respond to global security challenges.
Source link
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...
Read more