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Bank of England expected to cut interest rates

Bank of England expected to cut interest rates

Faarea Masud BBC Business reporter Getty Images Interest rates are expected to be cut by the Bank of England later, in a move closely watched by households and economists. Analysts predict the benchmark rate will be cut from 4.75% to 4.5%, as the Bank comes under pressures to boost the UK economy which has been showing slow growth. The Bank …

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US working to exempt key USAID programmes from shutdown orders: Rubio

US working to exempt key USAID programmes from shutdown orders: Rubio

Secretary of State Marco Rubio, accompanied by Guatemalan Interior Minister Francisco Jimenez, tours a migrant return center at La Aurora International Airport in Guatemala City, February 5, 2025. — Reuters US Secretary of State Marco Rubio announced on Wednesday that the Trump administration is working to identify and exempt certain USAID programmes from sweeping stop-work orders, as part of President …

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Norwegian oil giant cuts green investment in half

Norwegian oil giant cuts green investment in half

Simon Jack BBC Business editor Getty Images Chief executive Anders Opedal said the transition to lower carbon energy was moving slower than expected Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production. Chief executive Anders Opedal said that the transition to lower carbon energy was moving slower than …

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