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Source: BBC Business
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Interest rates held but Bank signals rise if energy prices stay high
Rates are held for the sixth time in a row but the Bank says they are likely to rise if high energy prices continue.
CNBC
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
CNBC
Charities say gifts by deceased donors are getting held up at financial firms
Nonprofits are pushing back against policies by financial institutions to collect personal information of charity employees before releasing a gift.
CNBC
Labor crisis in U.S. chip manufacturing leaves Samsung, TSMC desperate for talent
U.S. semiconductor manufacturing faces a historic worker shortage as demand soars. Here’s how chipmakers and U.S. universities aim to fix it.
CNBC
King Charles to press Nvidia, OpenAI, Anthropic leaders on AI safety at summit
Charles will convene senior tech leaders today as the debate around the risks involved in AI development ramps up.
CNBC
Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.