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In a speech given by BoE's deputy governor for monetary policy Clare Lombardelli today (25 November), the Bank will undertake a reform targeting the «whole nose to tail process of monetary policy making and communication». Back in April, Bernanke published an 86-page report outlining a set of deficiencies in the Bank's forecasting infrastructure, which are the tools staff use to produce its quarterly forecast and support analyses, with the review also including 12 recommendations. The changes come in response to «a sequence of supply shocks» which have impacted the UK economy in recen...

Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant. Germany's largest steelmaker, a division of Thyssenkrupp AG, is under pressure from cheaper Asian competitors, high power prices and a weakening global economy, leading to operating losses in four of the past five years. Thyssenkrupp will cut 5,000 jobs by 2030 and an additional 6,000 jobs through the sale of business activities or transfer to external service providers, it said.

Tim Cook joined more than 20 corporate leaders in discussions with China’s premier Monday, as global companies grapple with potential trade disruptions and economic uncertainty. Cook, who’s visiting the country for at least the third time this year, joined top executives of global firms including Rio Tinto Plc, Corning Inc. and Charoen Pokphand Group in a meeting with Li Qiang, according to people familiar with the matter, who asked not to be identified discussing a private session. Chinese corporate chiefs including the heads of Lenovo Group and ICBC also attended the discussions focused on supply chain and trade issues, according to a guest list seen by Bloomberg News. The event comes ahead of a supply chain expo in Beijing that starts on Tuesday.

President-elect Donald Trump nominates Key Square founder Scott Bessent as his pick for Treasury secretary.

Subscribe to enjoy similar stories. Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make his mark on it.

Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that investors would come back and India will always have some premium. One cannot compare other countries with a lower capital efficiency. India’s capital efficiency has been better, growth prospects have been better and the governance standards are better, and one has to pay some premium for that. What is the total AMC size right now, the AUM? Navneet Munot: It is over Rs 7.5 lakh crore. We have come a long way…

Negotiators are gathering in South Korea in what’s billed as a final push.

energy crisis for Europe, which is still reeling from extreme shocks two years ago. Escalating tensions in Ukraine have contributed to about a 45% surge gas prices this year. While levels are still far below 2022 records, they are high enough to risk deepening a cost-of-living crisis for households and intensifying competitive pressure on strapped manufacturers. Gas storage is a lifeline during the coldest periods but inventories this year are rapidly declining after frosty temperatures increased demand for heating and a wind drought required more usage for power generation.

central banks' continued demand for gold,” says Tarun Birani Founder and CEO TBNG Capital Advisors. In an interview with ETMarkets, Birani said: “Silver holds a unique position due to its dual role as a precious and industrial metal. Its demand is bolstered by applications in solar energy, electronics, and battery production” Edited excerpts:

Looking ahead, markets will first react to the outcomes of the Maharashtra and Jharkhand elections. Additionally, macroeconomic indicators, including GDP and infrastructure output, will garner significant attention. Participants remain focused on FII fund flows, given their ongoing selling spree.

Subscribe to enjoy similar stories. While it is uncertain whether the market might dip 2% before rising, for those seeking decent returns and investing with a long-term perspective, any time is a good time to invest, says Sunil Singhania, founder of Abakkus Asset Manager. “This correction could be an opportunity to boost returns by buying stocks 10-15% cheaper," he believes.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Noor Ahmad was picked by Chennai Super Kings for Rs 10 crore in the IPL 2025 mega auction on Sunday at Jeddah. The left-arm wrist spinner was initially sold for Rs 5 crore to CSK. Gujarat Titans opted to use their Right to Match card, but CSK raised the bid to Rs 10 crore to which GT disagreed. The youngster has played 23 IPL matches and picked 24 wickets with an economy rate of just over 8 an over.

Donald Trump has big plans for the economy

Mohammed Shami was sold to Sunrisers Hyderabad for Rs 10 crore in the IPL 2025 mega auction on Sunday at Jeddah. Kolkata Knight Riders and Chennai Super Kings were in the initial fight for the pacer. CSK pulled out at Rs 8 crore and Lucknow Super Giants entered the bid Rs 8.50 crore. However, when the bidding stopped at Rs 9.75 crore, SRH made their bid and the player was sold for Rs 10 crore. Shami represented Gujarat Titans in 2023, where he was the purple cap holder. The right-arm pacer missed the 2024 IPL season as he was recovering from an ankle injury sustained during the ICC ODI World Cup 2023. Despite his recent setbacks, Shami remains a formidable force, having bagged 127 wickets in 110 IPL matches at an economy of 8.43 runs per over..

Subscribe to enjoy similar stories. With this year’s global summits on biodiversity (CoP-16) and climate change (CoP-29) done and the one on desertification (CoP-16) fast approaching, the consequences of the climate emergency are evident everywhere. Floods have ravaged central Europe, super-typhoon Yagi has just struck Southeast Asia, and Hurricanes Helene and Milton have wreaked havoc in the southeastern US.

Subscribe to enjoy similar stories. Urban India’s shopping carts are losing their heft. After a pandemic-era spree on everything from electronics to grooming services, city dwellers are pulling back, leaving manufacturers and service providers grappling with sagging sales.

open economy, we allowed other countries to get an advantageous playing field in the country and this has to stop, said External Affairs Minister S Jaishankar on Saturday. Jaishankar was delivering a virtual keynote address at the 8th India Idea Conclave at Bengaluru. This year, the conclave, organised by India Foundation, is exploring the theme, 'building Brand Bharath'.

Mexico has been taking a bashing for allegedly serving as a conduit for Chinese parts and products into North America

retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season. Earnings are on pace to have climbed about 9% from a year earlier.