The Bank of England decided to keep interest rates unchanged at its last meeting of the year, citing concerns about stubborn services inflation and wage growth, despite U.K. inflation reaching an eight-month high. While three members of the Monetary Policy Committee voted to reduce rates, six opted for a hold, surprising economists who had predicted only one member to vote for a cut. Sterling initially rose against the U.S. dollar following the announcement, but later gave up some gains as the greenback rallied after the U.S. Federal Reserve cut interest rates by a quarter point with a more hawkish outlook for 2025.
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Laura Dahlmeier: German biathlete dies in a climbing accident in Pakistan | Olympics News
Rescuers had hoped to find the double Olympic gold medallist on the 6,096-metre (20,000-foot) Laila Peak in Pakistan’s Karakoram Mountains.German biathlon champion Laura Dahlmeier, 31, died in a climbing accident on Laila Peak in Pakistan after being struck by falling rocks; her climbing partner survived and sought help. Dahlmeier's family has expressed that no one should risk their life to recover her body, respecting her final wishes amidst challenging weather conditions hindering rescue efforts. Want...
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