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The Latest Breaking News from ING

What’s the Best Age to Buy Long-Term-Care Insurance?

Understandably, you don't want to pay for too long or pay too much, so here's what to consider when you're deciding when to buy long-term care insurance.

Kiplinger

Bank of England mulling first interest rate cut since early days of COVID-19 over 4 years ago

Borrowing costs in the U.K. could be cut later for the first time since the onset of the coronavirus pandemic more than four years ago, though economists stressed that the decision is likely to be a close call

The Independent UK

Oil price surges after assassination of Hamas leader on Iranian soil sparks fears Gaza conflict will engulf Middle East

‘It may get Netanyahu the war he’s been looking for,’ warns foreign policy expert Trita Parsi.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

German Economy Unexpectedly Shrinks In Second Quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

International Business Times

How Singapore drives almost a third of U.S. chipmaker Micron's revenue

Almost all of Micron Technology’s NAND memory, which contributed 30% of revenue last quarter, is made in its facilities in Singapore.

Fortune

Bank of England’s interest rate decision on a knife-edge, economists say

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

Evening Standard

ECB Leaves September Options 'Wide Open' After Rate Pause

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

Latin Times

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ECB Leaves September Options 'Wide Open' After Rate Pause

International Business Times

Cautious ECB Opts For Summer Rate Pause

The European Central Bank held borrowing costs steady Thursday, giving policymakers more time to assess progress on inflation after last month's first interest rate cut in five years.

International Business Times

China's Leaders Vow To Fight 'Risks' Plaguing Economy

China's leadership vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.

International Business Times

Deutsche Bank and HSBC are winning Europe’s AI talent war

U.K. banks have expanded their AI talent pools faster than the U.S. and Europe to start 2024.

Fortune

Eurozone inflation eases but ECB likely to keep interest rates on hold

Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs

The Guardian - UK

Pound falls as UK interest rates left on hold in ‘finely balanced’ decision – as it happened

Bank of England leaves interest rates unchanged despite inflation falling to its 2% target yesterday

The Guardian - UK

US producer prices slide as inflationary pressures ease; UK housing market weakens – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Guardian - UK

World’s top banks ‘greenwashing their role in destruction of the Amazon’

Institutions alleged to have given billions of dollars to oil and gas companies involved in projects that are harming the rainforests

Evening Standard

Pressure is on for Bank of England interest rate cut as other central banks act

When will the Bank of England follow?

International Business Times

ECB To Start Rate Cuts But Sticky Inflation Clouds Path Ahead

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle.

The Guardian - UK

‘Mild positive’: markets greet prospect of Labour landslide with calm

Financial indexes barely flickered as the election was announced, suggesting Starmer’s move to woo the City has been a success

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The Independent UK

Inflation: Why has it fallen and what it means for you

April’s inflation rate of 2.3% means that if an item cost £100 a year ago, the same thing would now cost £102.30

Evening Standard

'Momentous' inflation data will give big clue on interest rate cut timing

Inflation is set to fall to the brink of the Bank of England’s official 2% target

The Guardian - UK

UK to be slowest-growing G7 economy next year, warns OECD – as it happened

Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025

Al Jazeera

Why is Japan’s yen falling and why is it so weak against the US dollar?

The weakness of the Japanese currency is back in the spotlight after sinking to its lowest level since April 1990.

The Guardian - UK

Tesla among electric carmakers forced to cut prices as market stalls

EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary

Evening Standard

Oil market steady amid new Middle East fears

The oil price was little changed today on relief that the vast majority of the projectiles were shot down before reaching their targets

International Business Times

ECB Tipped To Pause One Last Time Before June Rate Cut

The Frankfurt-based institution has left its key rates unchanged since October 2023, following an unprecedented streak of hikes to tame red-hot inflation.

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