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Finance

Bank of England raises interest rates to 4%, the first increase for more than three years

Base rate increases from 3.75% and Bank governor signals another rise in near future to combat rising inflation Analysis: Interest rate rise in midst of cost of living crisis will leave many incredulous The Bank of England has raised interest rates for the first time in three years and warned of another increase to combat inflationary pressure unleashed by the Iran war. Eight members of the Bank’s monetary policy committee (MPC) voted for the rise, which takes the base rate from 3.75% to 4%. The ninth member, Catherine Mann, preferred a more dramatic half-point increase. Continue reading...

The Guardian
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International

Duchess of Sussex’s estranged half-brother ‘person of interest’ in child sexual abuse inquiry

Philippine official says there are ‘signs that point to Thomas Markle Jr’s involvement in crime’, but he’s not yet being treated as a suspect The Duchess of Sussex’s estranged half-brother, Thomas Markle Jr, has been named as a “person of interest” in the Philippine authorities’ inquiry into child sexual abuse image allegations made against her father, Thomas Markle Sr. The country’s interior and local government secretary, Jonvic Remulla, told a press conference in Manila there were “signs that point that the son is involved in the crime as well”. Continue reading...

The Guardian
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Finance

Why have more than 30 European flights been hit by bomb threats this week?

With flights disrupted, how concerned should you be about your travel plans? More than 30 planes have been subjected to security alerts or diversions this week, with at least 25 more bomb threats on Thursday disrupting civil aviation across Europe. What do we know so far, and how concerned should you be about your travel plans? Continue reading...

The Guardian
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