On 7 January, the interest rate the British government offered on £2.25 billion in 30-year bonds climbed to 5.2 percent, the highest since 1998.
Tag: UK
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TOP TREND 2025: DRAGFLATION
Britain’s economy failed to grow in 2024’s third quarter, the Office of National Statistics (ONS) has estimated, and the Bank of England projects that the GDP remained flat in the year’s final three months.
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U.K. OPENS LAB TO FIND AND COUNTER AI SECURITY THREATS
Britain has established the Laboratory for AI Security Research (LASR) to safeguard the nation and its allies against AI-based cybersecurity threats in what officials called an “AI arms race.”
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WWII ENEMIES UNITE: GERMANY’S RHEINMETALL TO PRODUCE GUN BARRELS IN THE UK
What a difference a few decades make. Rheinmetall, Germany’s behemoth arms maker, announced last week that it will begin the production of gun barrels in the U.K. as part of a new defense agreement between London and Berlin—Europe’s two top military spenders.
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GERMANY AND U.K., ECONOMIC BLUES
In Germany, the highly-regarded ZEW Indicator of Economic Sentiment plunged from 19.2 in August to 3.6 in September. Analysts had expected a reading of 15.5.
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U.K. SHOWS OFF NEW “DRAGONFIRE” LASER WEAPON
The wars around the world are getting expensive. Using a million-dollar missile to shoot down a million-dollar drone a few dozen times a day in Israel, Ukraine, or the Red Sea begins to add up.
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U.K. ENTERS TECHNICAL RECESSION
The U.K.’s economy contracted 0.3 percent in last year’s final quarter, which followed a 0.1-percent decrease in the second quarter, putting the nation into a technical recession, defined as two consecutive quarters of economic shrinkage.
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SPOTLIGHT: RECESSION WATCH
Japan’s economy shrank 0.4 percent in 2023’s final quarter, surprising economists and falling into a technical recession, which is defined as two consecutive quarters of economic contraction.
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U.K.’S ECONOMY SLUMPING, BUT PM SAYS IT WILL INCREASE FUNDING FOR UKRAINE
British Prime Minister Rishi Sunak visited Kyiv last week and he came bearing gifts, promising Ukraine more than $3.2 billion in military assistance in the next year—the largest commitment from the U.K. yet for the war against Russia.
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U.K. GROCERY INFLATION FALLS TO SINGLE DIGITS FOR FIRST TIME IN 18 MONTHS
Inflation in British grocery prices fell to 9.7 percent in the four weeks ending 29 October, the first time monthly food price gains have been limited to single digits since July 2022, research service Kantar reported.
