The bank said it “assumed” there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
Category: Business
Warren Buffett steps down after six decades at Berkshire – ‘Father Time always wins’
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
Ryanair boss Michael O’Leary apologises over ‘high-fare rapists’ remarks
O’Leary described his choice of language as “careless” and said “it won’t happen again”.
Flight chaos caused by ‘millisecond’ software defect, report says
The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
‘Insufficient funds’ to pay Brewdog creditors after takeover deal
Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.
British Steel plan lacks credibility, MPs say
A committee report says the government has not set out how British Steel will become profitable.
Japan raises interest rate to new 31-year high to curb rising prices
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
Healey to ask EU finance ministers to let UK into Made in Europe scheme
The chancellor wants the Made in Europe programme to deepen ties with the UK “rather than erecting new barriers”.
Thames Water rescue deal should be rejected – MPs
A report on the future of Thames Water, urging the government to take action, has been published.
Why we bought our first home with a 100% mortgage – despite the risks
The share of UK mortgages with smaller deposits is the highest it’s been since 2008. The BBC spoke to borrowers about how they manage the […]