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AI-intensive sectors are showing a productivity surge, PwC says

LONDON, May 21 - EMBARGOED 0001 LOCAL TUESDAY The types of business which are most likely to use artificial intelligence are seeing growth in workers productivity that. -May 20, 2024 at 07:01 pm EDT - MarketScreener

Bank of England says it will ramp up staff in northern city of Leeds

The Bank of England will increase the number of staff working in the northern English city of Leeds as part of a plan to rely less on London for hiring workers, the central bank said on Friday. . -May 17, 2024 at 04:57 am EDT - MarketScreener

BoE s Ramsden says inflation pressures remain persistent

Bank of England Deputy Governor Dave Ramsden said on Tuesday that inflation pressures remained persistent and he wanted more evidence about how long they were likely to remain strong before.

Bank of England set to start on path towards interest rate cuts

The Bank of England is expected to take a tentative first step towards cutting interest rates from their highest level in nearly 16 years next week after signs that the inflation crisis is abating. .

UK to upgrade warship defence missile system used in Red Sea

Britain s Ministry of Defence said on Sunday it would spend 405 million pounds to upgrade a missile system now being used by the Royal Navy to shoot down hostile drones over the Red Sea. .

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