The Bank of England raised interest rates on Thursday, its first increase since August 2023. Its main rate rose by a quarter point, from 3.75% to 4%. The aim is to stop higher energy costs from the Iran war spreading through the wider UK economy. Governor Andrew Bailey said the move should not be seen… Continue reading Bank of England Raises Interest Rates to 4% as Iran War Lifts Inflation
US President Donald Trump has issued a strong warning to China and Russia, cautioning both countries against becoming involved in the ongoing conflict with Iran. In a post on his Truth Social platform, Trump said any military support for Tehran could have serious consequences and would not serve the interests of either Beijing or Moscow.… Continue reading Trump Warns China and Russia Against Supporting Iran in Ongoing Conflict
