European Central Bank on track for first interest rate cut since 2019: live updates

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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

How much savings interest does YOUR bank pay?

The five biggest banks pay an average of just 1.69% on £10,000 of easy access loans This remains no less than 1.43% behind the rest of the market average Despite new rules requiring them to offer savers ‘fair value’ Britain’s five biggest banks are still failing to offer competitive savings rates despite the Financial Conduct … Read more

95% success rate: Scientists develop new, more effective and non-toxic way to kill termites

SciTechDaily

UC Riverside scientists discovered a new termite control method that uses pinene to attract termites to insecticides, providing a non-toxic, cost-effective alternative to traditional fumigation. Credit: Dong-Hwan Choe/UCR UC Riverside scientists have introduced an effective and sustainable termite control strategy using pinene to attract termites to insecticide-treated areas, achieving greater than 95% effectiveness and reducing … Read more

Interest rate cut by the ECB to revive the eurozone economy

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The euro zone will get a much-needed economic boost on Thursday, when the European Central Bank is expected to cut interest rates for the first time in almost five years. The size of the boost … Read more

Rising German wage growth casts doubt on the timing of the ECB’s interest rate cuts

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. German wages rose at the fastest pace in almost a decade, signaling a recovery in the broader euro zone and raising doubts about how aggressively the European Central Bank will cut interest rates this year. … Read more

UK inflation falls less than expected to 2.3% after interest rate warning was issued – live

Hunt attacks Labor and says he is disproving the ‘myths’ that the economy is worse under the Tories Sign up for our breaking news emails for free real-time breaking news alerts sent straight to your inbox Sign up for our free breaking news emails Economists warn the Bank of England could delay a rate cut … Read more