LONDON/WAM The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased, Associated Press (AP) reported. In a statement Thursday, the bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction in its main interest rate to ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The financial sanction is the result of the findings of an examination conducted ...

COPENHAGEN/WAM Extreme heat kills over 175,000 people a year in Europe, where temperatures are rising quicker than the rest of the globe, the World Health Organisation (WHO) said Thursday. In a statement, the WHO Regional Director for Europe Dr. Hans Henri P. Kluge said, “The WHO European Region is the fastest-warming of the six WHO regions, with temperatures rising at ...