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The Latest Breaking News from ING

Bank of England poised to cut UK interest rates for second time this year

Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday.

Evening Standard

Clashes over budget could push Germany’s ailing coalition to collapse

With contradictory proposals unlikely to mesh, leaders to decide whether there is scope for alliance to continue

The Guardian - UK

Europe is holding its breath to see what a Trump or Harris win might mean for the region

Experts predict that a Trump or Harris presidency could have different outcomes for Europe's economy, competitiveness, and geopolitics.

Fortune

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

German bosses blame economic woes on young 'work-shy' employees calling in sick

Germany's economy would have grown by 0.5% instead of contracting last year if illness wasn't so high, researchers say.

Fortune

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

The Guardian - UK

Government borrowing costs rise further after Budget

UK government bond yields jumped to a one-year high on Thursday after Labour announced a sharp increase in spending in the Budget.

Evening Standard

Fortune 500 Europe: How Germany is flirting with long-term irrelevance

Everything that could go wrong has gone wrong for Germany’s economy. How can it turn things around?

Fortune

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Clive Myrie apologises to the BBC after failing to declare outside earnings

Presenter made an extra £65,000 from corporate events, which he did not declare

The Independent UK

Presenter Clive Myrie apologises to BBC for failing to declare outside earnings

Reports in The Sunday Times said he failed to declare earnings of at least £65,000 from corporate events over the past 12 months.

Evening Standard

German economy is ‘stuck in stagnation,’ ING says

“The German economy is back where it was a year ago: the growth laggard of the eurozone with few signs of an imminent improvement.”

Fortune

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

The Independent UK

An ‘earthquake’ at Volkswagen – and a crisis for Germany?

The company is seen as crucial not just to local but national wellbeing – and never before have its workers been threatened in their own homeland like this

The Guardian - UK

Stocks Muted Before the Open With U.S. Economic Data in Focus

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.15% this morning as market participants awaited a new round of U.S. economic data, with particular attention on the ADP National Employment figures.

Barchart

Stocks Muted Before the Open as Investors Await U.S. Economic Data

Barchart

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The Guardian - UK

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

Kiplinger

The Three Biggest Retirement Planning Gaps I See Among DIYers

Consulting with a professional, especially when it comes to insurance and taxes, could save you a ton of time and hassle and money.

The Guardian - UK

Paris Olympics gives eurozone economic boost after rise in spending

French service sector drives growth but experts warn strong figures mask disappointing performance elsewhere

Barchart

Stocks Muted Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.15% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Get all your
news in one place.

100’s of premium titles.
One news app.

Barchart

Stocks Rise Before the Open as Investors Await U.S. Economic Data and Fed Speak, Walmart Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.24% this morning as investors awaited a flurry of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from retail giant Walmart.

Kiplinger

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.

The Independent UK

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

Fortune

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.

International Business Times

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.

Fortune

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.

Evening Standard

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.

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