FCA under fire for belated Woodford disclosure
UK financial watchdog only recorded planned enforcement against former star stockpicker on its register list this week
Economic news
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As policymakers leave IMF-World Bank talks, they take with them a sense of foreboding
Institution leaders sought to reassure delegates there was no need for panic despite uncertainty caused by Trump
Kristalina Georgieva’s favourite film, the International Monetary Fund boss told the audience at a packed panel event in Washington on Thursday, is Tom Hanks’s cold war romp Bridge of Spies.
In one of the stranger digressions in a frequently strange week, Georgieva recalled the moment when Hanks’s character, a US lawyer, tells the Soviet spy he has been appointed to defend that he will probably be executed. “You don’t seem alarmed,” Hanks says to him; to which the spy – played by Mark Rylance – replies, “Would it help?”
Inflation job nearly done but tariff risks loom — What European Central Bank members said this week
On tariffs, one central banker said: “In the short run, we will have lower growth. We will probably also have lower inflation.”
M&S pauses online orders following cyber attack
The firm said it was ‘truly sorry for this inconvenience’ in a post on X.
Trump insists bond market tumult didn’t influence tariff pause: ‘I wasn’t worried’
“I wasn’t worried,” Trump said in a Time magazine interview during which he was asked about financial market tumult.
Annual energy bills predicted to fall by £166 in July
The forecast fall in the cost of energy would reverse three consecutive increases in the price cap.