Mohamed El-Erian: 'The Fed got itself into a cognitive trap'

The Bank of England announced its biggest rate hike since 1995 on Thursday, following the lead of the Federal Reserve in the U.S., which has been raising rates to respond to skyrocketing inflation. But some Fed watchers believe the U.S. central bank acted too slowly. The Federal Reserve became ensnared in a “cognitive trap” that […]

Germany fears MILLIONS of homes will be left without heating in winter

Germany fears MILLIONS of houses will be left without heating this winter as low pressure in gas pipelines due to Putin cutting supplies causes breakdowns Russia has reduced gas supplies into Europe in retaliation for sanctions In addition to gas prices rising, this has meant there is less pressure in pipes German officials fear this […]

Network Rail managers accept pay rise as RMT union is urged to follow

Network Rail managers accept new four per cent pay rise as Grant Shapps calls on RMT union barons to end ‘destructive’ strikes’ and agree new deal Transport Salaried Staffs Association said it voted to accept 4% pay increase Announcement was hailed by Transport Secretary Grant Shapps as ‘fantastic’ It sparked questions as to why RMT […]

MPs warn £1BN of Lotto charity cash could be lost to legal battle

EXCLUSIVE: MPs urge ministers to stop up to £1BILLION of Lotto money earmarked for UK good causes being spent on Canadian teachers’ pensions amid legal battle over future of game Camelot fighting Gambling Commission decision to let someone else run game  European lottery operator Allwyn preferred applicant for the fourth licence MPs worried about scale […]