
Bank of England cuts rates to 4.25% as inflation cools
The Bank of England lowered interest rates to 4.25 percent, its third cut in a year, as inflation eased toward target and the UK economy stalled.
Markets, companies and policy shaping the global economy.

The Bank of England lowered interest rates to 4.25 percent, its third cut in a year, as inflation eased toward target and the UK economy stalled.

A US judge found Google’s Play Store operated as an illegal monopoly, ordering the company to open Android to rival app stores and payments.

Bitcoin surged past $100,000, capping a spectacular year that saw the cryptocurrency enter mainstream finance after Trump’s election victory.

Elon Musk unveiled Tesla’s Robotaxi, a two-seat self-driving car with no steering wheel, betting the company’s future on a driverless ride-hailing network.

The US Federal Reserve cut its key interest rate by half a point, ending two years of the highest borrowing costs in a generation and signalling the start of a new cycle.

Warren Buffett’s Berkshire Hathaway became the first non-tech company outside the chip industry to reach a $1 trillion market value.

Chipmaker Nvidia overtook Apple to become the world’s most valuable company, its market value crossing $3 trillion as demand for AI processors exploded.

A door plug on a nearly new Boeing 737 Max 9 blew out minutes into an Alaska Airlines flight, forcing an emergency landing and grounding the model worldwide.