Bank of England lifts interest rate to 15-year high

Newsletter May 12, 2023 [ International Business Times]( [Bank of England lifts interest rate to 15-year high]( Global policymakers are battling elevated inflation caused largely by runaway energy bills following last year's invasion of Ukraine by major oil and gas producer Russia. [Stock markets down as traders weigh inflation, rate hikes]( Most European indices closed down as well, including the FTSE 100 in London which dipped into the red after earlier gains.  [Learn more about Jeeng]( [UK interest rates raised for 12th time in a row to highest level for almost 15 years]( UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent. [UK sets up council to help SMEs achieve net zero targets by 2050]( The UK government has launched a Net Zero Council to help UK SMEs reduce carbon emissions, implement greener practices and set them on the path to net zero. [SoftBank Group logs $7.2 billion full-year loss on tech woes]( SoftBank took hits across a range of startup investments, from long-struggling WeWork to delivery service DoorDash. [dianomi]( [NATO meets in Brussels as 'a new era for collective defence' beckons]( NATO Chiefs of Defence have met in Brussels with new Regional Plans on the agenda as concerns over the security threat posed by Russia motivate action. [Britain moves first to supply Ukraine with long-range cruise missiles]( Britain on Thursday became the first country to start supplying Ukraine with long-range cruise missiles, which will allow Ukrainian forces to hit Russian troops and supply dumps deep behind the front lines. [British national pleads guilty to bitcoin scam that targeted Barack Obama, Elon Musk, others]( A 23-year-old British national has pleaded guilty to hacking charges in connection with a 2020 Twitter hack that targeted celebrities like Barack Obama. [Microsoft releases update for Windows 11, also shows some love for Windows 10]( While Windows 11 version 22H2 has received a few notable changes, Windows 10 has also been updated to build 19045.2965. [Mallorca to slap £25,000 fine for partying on boats this summer]( The summer parties in Spain are set to kick-off in June. [New urine test as cancer diagnostic tool developed at MIT]( The test requires just a urine sample, making it an affordable and non-invasive screening option. The technology behind the test uses a new type of nanoparticle with a protein-coating tagged with DNA sequences. [Top paper executives covered up unlawful behaviour, Prince Harry's lawyer says]( Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. 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.