The European Central Bank raised interest rates by 25 basis points, increasing key rates to 2.25%, 2.40%, and 2.65%, as it revised up inflation forecasts due to higher energy prices and ongoing Middle East conflict. Inflation is projected to average 3.0% in 2026 and gradually decline by 2028. Despite the rate hike, gold prices remain stable, holding critical support levels, with spot gold trading near €3,530 an ounce and $4,064 an ounce against the euro and dollar respectively. The ECB's decision reflects concerns over inflation pressures driven by energy costs and geopolitical risks, signaling cautious monetary tightening ahead.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
