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The mortgage market was split on the Bank of England’s decision to hold base rate at 3.75% today, with some saying a rise was sorely needed. The decision to pause base rate came as the Monetary Policy Committee (MPC) decided it was necessary to keep inflation, currently 3.1%, under control. The MPC voted by a…
Forecasters can’t agree on where prices are headed
This as-told-to essay is based on a conversation with Barbara Marcanti who is caring for her 102-year-old mother. Marcanti said she has no regrets about how she’s approached caregiving, though she said the work has weighed her down. This interview has been edited for length and clarity. I was a mom to three children. I…
Monetary Policy Summary, September 2026 At its meeting ending on 16 September 2026, the Monetary Policy Committee (MPC) voted by a majority of 6–3 to maintain Bank Rate at 3.75%. Three members voted to increase Bank Rate by 0.25 percentage points, to 4%. Protracted conflict in the Middle East has contributed to further increases in…
The former Head of Engineering will lead the company’s wider technology strategy and delivery. TIOmarkets has promoted Andis Papageorgiou from Head of Engineering to Chief Technology Officer, expanding his remit from engineering leadership to the company’s wider technology strategy and delivery. As CTO, Papageorgiou will oversee technology planning and execution across TIOmarkets, including software engineering,…
Family gifts now average six figures for first-time buyers in both markets
The Port of Los Angeles reportedly blocked more than 120 million cyberattacks during August. That’s according to a report Thursday (Sept. 17) by Bloomberg News, which notes that these attacks on America’s busiest container hub for global trade represent an ongoing operational threat amid shifting tariff policies. Gene Seroka, the port’s executive director, told the news outlet his…
Commercial finance presents one of the most interesting contradictions in specialist lending today. On the one hand, business confidence and demand for borrowing remain subdued. The Bank of England’s Q2 Credit Conditions Survey reported declining demand for lending from both small and medium-sized businesses. Demand specifically associated with commercial real estate also fell sharply…
When Andreessen Horowitz announced last week that it would open a new regional headquarters for its $1.2B defense technology investment fund, it selected a location far from its base in Silicon Valley, the hub of venture capital. The office will be nowhere close to the Pentagon, through which tens of billions of dollars flow to…
AI goes out of control. It’s launching a devastating cyberattack. Flip a kill switch, and the AI goes offline. Problem solved. Or is it? AI leaders and researchers say a kill switch may not be the silver bullet some policymakers are hoping for. “I don’t think it’ll work in the long run,” Geoffrey Hinton, the…