General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
French founder of artificial intelligence startup Mistral AI, Arthur Mensch, attends the Viva Technology show at the Parc des Expositions Porte de Versailles in Paris, France, on May 22, 2024. Schasnot | Getty Images Entertainment | Getty Images Most of the best-funded generative artificial intelligence companies in Europe were founded by entrepreneurs with experience at … Read more
Money market pricing at 11am in London implied just a 5% probability of a bank rate cut at Thursday’s BOE meeting – after registering stronger odds earlier in the week. Bets on an August cut were also cut to around 30%. While 2% inflation is an important milestone – not least as UK politicians set … Read more
LONDON — Britain had some reason to celebrate Wednesday morning as headline inflation hit the Bank of England’s 2% target for the first time in almost three years. But the print only served to convince further traders that an interest rate cut is not imminent. Money market pricing at 11am in London implied only a … Read more
Described at the time as the ‘biggest change in the history of the oil market’, the International Maritime Organization (IMO) imposed new standards on January 1, 2020 to reduce the sulfur content of their fuels from 3.5% to 0.5%. The rule change resulted in an 80% reduction in sulfur dioxide emissions, a team of scientists … Read more
LONDON — British fintech company Zilch said Wednesday it has raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple revenue in coming years and move closer to an initial public offering. The company, which offers shoppers the ability to purchase items and pay … Read more
A satellite image shows an overview of the International Space Station with the Boeing Starliner spacecraft, June 7, 2024. Maxar Technologies | Via Reuters Boeing’s Starliner capsule “Calypso” will remain at the International Space Station twice as long as the mission was originally planned, NASA announced Friday. This developmental nature of the mission, known as … Read more
The SpaceX Starship will launch on its fourth test flight from Boca Chica Beach on June 6, 2024 in Brownsville, Texas. Brandon Bell | Getty Images Boeing’s Starliner fulfilled a long-held NASA dream when Butch Wilmore and Suni Williams emerged from the capsule onto the ISS. Yes, the docking process was a bit wobbly, but … Read more
Sun Jun 2, 2024 7:29 PM EDT CNBC Pro: Profits at these five global banks will remain high despite an ECB rate cut, Berenberg says Despite a rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. One of the lender’s shares could rise more than … Read more
Boeing’s Starliner spacecraft atop the United Launch Alliance Atlas V rocket rolls out in Florida on Thursday, May 30, 2024. Isaac Watson | NASA BoeingThe first Starliner flight with astronauts on board was canceled in the closing minutes on Saturday. The company was targeting a June 1 launch at 12:25 a.m. ET of its capsule, … Read more