Financial times: Bank of England have kept key rate at 4% in a tight decision
The monetary policy commission of the Bank of England have voted five to four to maintain borrowing costs at 4% after cutting rates five times since 2024.They have signalled another possible cut perhaps as soon as next month. Meanwhile President Javier Milei of Argentina has rejected investors calls to let the peso float freely after the United States propped up the currency with about two billion USD.
The New York Times: Nancy Pelosi to retire at the end of her term
On Thursday, representative Nancy Pelosi has announced that she will retire when her term ends in 2027, ending an impressive career. She entered political office later in life and became a force to be reckoned with for the Democratic party. What’s more, President Donald Trump announced a deal that could expand access to obesity drugs for as little as $149 per month.
Le Monde: First setbacks for Trump and the Republican Party
A year since his victory, President Trump has received push back from the electorate and the supreme court. The democrats have been strengthened with their wins in local elections, although their fundamental issues have not been addressed. Furthermore, the government is proceeding with its effort to suspend Shein, although the online retailer have opened a brick and mortar shop in a popular Parisian department store.
South China Morning Post: Chief Executive to speak at a the third family business summit
Chief Executive John Lee Ka-chiu will speak at a conference of over 150 businesses. This is with the scope of making Hong Kong the a hub for business between the mainland China and the rest of the world. What’s more, 161 people have entered the contest to be part of the Legislative Council of Hong Kong as nominations close.
The Hindu: Record voter turnout in Bihar phase one polls
Bihar has recorded is highest ever voter turnout of 64.66%. The electoral commission has said that voting was peaceful and it proves that the people have faith in the National Democratic Alliance. Furthermore, the front page reports that the United States will reduce flight capacity by 10% as the longest ever government shutdown leaves airport employees unpaid.
