In response to Trump’s threats over Greenland, Danish Prime Minister Frederiksen emphasized the importance of European unity in handling current challenges and crises. Tensions rose after a heated call between Frederiksen and Trump regarding Greenland, prompting Copenhagen to increase its security presence in the Arctic. The Danish government allocated €2 billion for new Arctic ships, drones, and satellite capacity to address security concerns in the region.
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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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