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Bank of England could signal rate cuts after Trump tariffs
Gulf Today
|May 03, 2025
The Bank of England is expected to lower interest rates by a quarter point on May 8 as US President Donald Trump's tariffs darken the global growth outlook, and some economists think the BoE will soon need to speed up its gradual approach to rate cuts.
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BoE Governor Andrew Bailey, speaking in Washington last week after the International Monetary Fund downgraded UK and global growth prospects, said he was taking “very seriously” the risks posed by Trump's tariffs.
A gauge of British private-sector activity sank in April to its lowest since the turmoil caused by former Prime Minister Liz Truss’ budget plans in late 2022, while US output has fallen for the first time in three years. Until now the BoE’s Monetary Policy Committee has taken what it calls a “gradual and careful” approach - cutting rates only three times since August 2024 - due to inflation pressures including strong wage growth.
This should now change, Rob Wood, chief UK economist at consultancy Pantheon Macroeconomics, said.
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Gulf Today
Mediators offer deal to get Hamas fighters out of Rafah
Hamas fighters holed up in the Israeli-held Rafah area of Gaza would surrender their arms in exchange for passage to other areas of the enclave under a proposal to resolve an issue seen as a risk to the month-old truce, according to two sources familiar with the talks.
1 mins
November 07, 2025
Gulf Today
Real visit Rayo, look to shake off Liverpool loss as Atletico meet Levante
Real Madrid will aim to bounce back from a loss at Liverpool when they cross the Spanish capital to play Rayo Vallecano in La Liga on Sunday.
2 mins
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Gulf Today
Abu Dhabi World Pro attracts huge participation
Under the patronage of His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the 17th edition of the Abu Dhabi World Professional Jiu-Jitsu Championship, the largest and most prestigious event on the international jiu-jitsu calendar, will be held from Nov.12 to 22 at Mubadala Arena in Zayed Sports City.
2 mins
November 07, 2025
Gulf Today
TA’ZIZ signs significant export deal with Indian firm Sanmar
TAZIZ on Thursday signed two product sale agreement term sheets with The Sanmar Group, a leading global producer of polyvinyl chloride (PVC) and speciality chemicals, for the supply of key petrochemical feedstocks.
2 mins
November 07, 2025
Gulf Today
Springboks bring back big guns for French battle as Kolisi reaches milestone
Siya Kolisi will become the ninth player to earn 100 caps for South Africa when he leads the side in their Autumn International series clash against France in Paris on Saturday, a repeat of their epic 2023 Rugby World Cup quarterfinal.
1 min
November 07, 2025
Gulf Today
Sharjah, Portugal seek to boost trade and investment relations
The Sharjah Chamber of Commerce and Industry (SCCI) held a high-level meeting with a delegation from the Arab-Portuguese Chamber of Commerce and Industry (CCIAP) to discuss strengthening trade and investment links between the business communities of Sharjah and Portugal.
2 mins
November 07, 2025
Gulf Today
Fraudsters ordered to return illegally seized Dhs670,000
The Abu Dhabi Family, Civil and Administrative cases Court ruled that a number of individuals must repay Dhs670,000 to others and pay a fine of DhsIO,OOO. This was because they acquired the sum through fraud, and the source of the funds was deemed illegitimate.
1 mins
November 07, 2025
Gulf Today
Chapman shines as New Zealand hold out Windies in second T20 to level series
Mark Chapman blasted 78 from 28 balls including a half-century from only 19 deliveries as New Zealand beat the West Indies by three runs and leveled the series at II on Thursday.
1 mins
November 07, 2025
Gulf Today
IQOS showcases collaboration with SELETTI
IQOS, the smoke-free products brand of Philip Morris International is proud to bring to Dubai Design Week its global collaboration with iconic Italian design brand SELETTI.
2 mins
November 07, 2025
Gulf Today
Swiss seek recognition from UN as tradition turns modern
Yodel-ay-hee...what?! Those famed yodeling calls that for centuries have echoed through the Alps, and more recently have morphed into popular song and folk music, could soon reap a response - from faraway Paris. Switzerland’s government is looking for a shout-out from U.N. cultural agency UNESCO, based in the French capital, to include the tradition of yodeling on its list of intangible cultural heritage. A decision is expected by year-end. Modern-day promoters emphasize that the yodel is far more than the mountain cries of yesteryear by falsetto-bellowing male herders in suspenders who intone alongside giant alphorn instruments atop verdant hillsides. It’s now a popular form of singing.
2 mins
November 07, 2025
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