Another BoE rate rise isn't inevitable, Bailey says

Newsletter Mar 2, 2023 [ International Business Times]( [Another BoE rate rise isn't inevitable, Bailey says]( Bank of England Governor Andrew Bailey said on Wednesday it was possible the central bank had already come to the end of its rate-rising cycle, leading financial markets question whether a rate rise this month is as clear-cut as they thought. [UK house prices fall by most since 2012, mortgage approvals drop]( British house prices last month dropped by the most in more than 10 years, mortgage lender Nationwide said on Wednesday, adding to signs of a slowdown in the housing market in the face of high inflation and rising borrowing costs.  [Learn more about Jeeng]( [UK foreign minister raises BBC tax searches, India says laws are for all]( British Foreign Minister James Cleverly raised the issue of tax searches at the BBC's offices in India during a meeting with his counterpart in New Delhi on Wednesday, the minister told Reuters. [UK missing person case highlights rise of TikTok amateur sleuths]( The tragic case of a British woman's disappearance and death has shone a disturbing light on the rise of so-called online sleuths and amateur detectives who believe they can do the police's job. [British factories more optimistic as threat of deep recession eases - PMI]( British factory activity contracted last month at the slowest pace since July and 60% of manufacturers expect output to rise in the coming 12 months, reflecting cooling inflation pressure, a survey showed on Wednesday. [dianomi]( [European shares kick off March on steady footing supported by strong China data]( Miners and luxury firms lifted European shares on Wednesday after strong data from China brought relief to investors fearful of an economic slowdown, while declines in shares of eurozone's biggest bank BNP Paribas kept the gains in check. [EU parliament bans TikTok on work devices]( The European Parliament has told staff to purge TikTok from devices used for work because of data protection concerns, after similar moves by the EU's main governing bodies last week. [Rishi Sunak 'Windsor Framework' did the impossible - but is it enough?]( 'Windsor Framework' marks a new chapter for UK-EU relations but DUP support remains uncertain. [Interest rate rose but so did the demand for steel as the British pound fell against the dollar]( S&P 500 sheds 2%, FTSE 100 is expected to open lower, while the UK has seen the British pound fall against the dollar as the government negotiates with the striking public sector. [South Korea promises to boost exports, attract tourists]( South Korea's government on Thursday promised to boost exports and attract tourists as the country's statistics agency released January data that showed gloomy prospects for the economy. [St. David's Day 2023: 3 ways your business can celebrate Welsh pride]( St. David's Day is the perfect holiday for Welsh businesses to utilise national pride in their marketing, with most obtainable information surrounding St. David gleaning from 11th-century scholar Rhygyfarch. [MWC 2023: Biggest announcements from tech giants, world's fastest-charging phone, more]( Here are all the smartphones, gadgets, and big announcements made by tech giants at MWC (Mobile World Congress) 2023. [Lawsuit dismissed over McDonald's board's severance pay to fired CEO]( McDonald's Corp's board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when the restaurant chain fired him for having a relationship with an employee, a Delaware judge ruled on Wednesday. [Carmaker Aston Martin's losses almost triple]( Aston's share price nevertheless rallied 14.2 percent to 226.69 pence Wednesday as investors focused on a forecast of "significant" growth in profitability this year. [Tech rivals chase ChatGPT as AI race ramps up]( Feeling the pressure from Microsoft, Google in February unveiled Bard, a ChatGPT like conversation robot that is powered by its own large language model called LaMDA. [Kim says N. Korea must meet grain production goals 'without fail']( The isolated, nuclear-armed nation -- which is under multiple sets of sanctions over its weapons programmes -- has long struggled to feed itself. [Britain's Prince Harry loses home on royal estate: reports]( Prince Harry and his wife Meghan are being evicted from their home on the British royal family's Windsor estate, leaving them without a UK base, reports said on Wednesday. [Glazers' demands set to delay Manchester United takeover: reports]( If the Glazers do decide to hang on to all or part of the club, it would be deeply unpopular with United's supporters [Man Utd beat West Ham to reach FA Cup quarters as Spurs crash out]( City will take on Burnley in the quarter-finals, with Manchester United hosting Fulham. Grimsby travel to Brighton while Sheffield United host Blackburn. You Might Like    [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2023 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.