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Bank of England freezes interest rate at 16-year high
Bank of England freezes interest rate at 16-year high
Economy
by  AFP

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns. High interest rates have worsened the squeeze for individuals and businesses alike, as commercial lenders put up their own interest rates on loans including mortgages.

Germany football teams to swap Adidas for Nike kit from 2027
Germany football teams to swap Adidas for Nike kit from 2027
Economy
by  AFP

Germany's national football teams will wear jerseys made by US sportswear giant Nike from 2027, the German Football Association (DFB) said Thursday, ending a decades-long kit partnership with domestic outfitter Adidas. Adidas had been paying approximately 50 million euros ($54 million) a year to kit out the German national football teams, according to German daily Bild. sea/hmn/gj

EU-Canada trade deal stumbles in French Senate
EU-Canada trade deal stumbles in French Senate
Economy
by  AFP

The French Senate on Thursday overwhelmingly voted against a free-trade agreement between the EU and Canada, dealing a stinging blow to the government of President Emmanuel Macron. The trade deal's backers say French exports to Canada increased by 33 percent between 2017 and 2023, while imports rose 35 percent, thanks to the agreement.