The Bank of England raised interest rates for the first time since 2023, citing future inflation pressure after months of high energy prices.
The Bank of England has raised interest rates for the first time since 2023, according to The Japan Times. Policymakers said action was needed now because of the scale of inflation pressure expected in the period ahead, following months in which energy prices remained high. The Bank also warned that additional rate rises are likely.
Source: The Japan Times.
Authorities in Mariveles, Bataan are investigating an oil spill reported by fishermen near Naswe in Barangay Ipag.
Najib has paid S$15.7 million as one condition for serving the remainder of his prison sentence under house arrest, The Straits Times reported.
China has adopted a new cross-border corruption law as part of an expanded anti-graft campaign aimed at boosting international cooperation.
Austrian businessman Rene Benko has been sentenced to two years in prison for fraud following the collapse of his Signa Holding empire.
