Business


Bank of England holds rates in 7-1 vote

In February he said Britain's economy faced "twists and turns" on its road to Brexit, suggesting he remained in no hurry to consider higher interest rates. Although the BoE said it might need to raise rates before the late 2019 date market pricing indicated, that was nine months later than its February forecasts showed.



VIDEO James Clapper interview Andrea Mitchell disputes Trump

Jeff Mason, the president of the White House Correspondents' Association, responded to the president's tweets, saying that the White House briefings and press conferences "conducted in full view of our republic's citizens, is clearly in line with the spirit of the First Amendment".



China presses S. Korea on THAAD missile system

Only now, the stakes are much higher. South Korea's new liberal President Moon Jae-in was sworn in on Wednesday and vowed to immediately tackle the hard tasks of addressing North Korea's advancing nuclear ambitions and soothing tensions with the United States and China.Moon said in his first speech as president he would begin efforts to defuse security tensions on the Korean peninsula and negotiate with Washington and Beijing to ease a row over a U.S.



Fed Signal Keeps Dollar Strong

The policy statement did not say anything about the timing of additional rate hikes, but that was a signal that Fed officials were sticking to the forecast at their last meeting, in March, for two more small rate hikes this year. Policymakers, led by Fed chair Janet Yellen, have spoken of raising the cost of borrowing in the U.S. twice more this year, having put it up in March.



Trump on Middle East peace: 'We will get it done'

Trump faced deep skepticism at home and overseas over his chances for a breakthrough with Abbas, not least because the new US administration has yet to articulate a cohesive strategy for restarting the moribund peace process. Donald Trump has said he does not think brokering peace in the Middle East will be as hard as people think. With the global focus on Syria's bloody civil war and the threat posed by Islamic State, Palestinian officials have been keen to raise their cause up the White ...



Airlines discuss expanding laptop ban with US Homeland Security

Electronic devices larger than a smartphone were banned from carry-on luggage on flights from 10 airports in the Middle East and Africa back in March. "Just from London-Heathrow Airport, there's about 110 flights a day that fly to the US - it presents a challenge of how do you do that in a way that is efficient and effective", Pistole said.