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Bank of England will cut interest rates in August, says Goldman Sachs

Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.

Fed holds rates as it warns fight against inflation has hit a bump

The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.

Hunt vows to slash benefits to drive sick back to work and pledges UK allegiance to US imperialism

IMF chief quotes Churchill as she warns of global chaos

The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to economic shocks.

Strasbourg court could rule that governments have to protect people from climate change

The European court of human rights could this week rule that governments have to protect people from climate change, reports the Daily Telegraph.