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Tag: Britain

European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

Finance
Shutterstock photoEuropean equity benchmarks were struggling for direction on Tuesday morning after a jump in the UK's inflation rate prompted speculation that the Bank of England may raise interest rates at its next meeting in November and as car-manufacturers shifted into reverse.Britain's consumer price index ( CPI ) posted annual growth of 3% in September, up from 2.9% in August, according to data published by the Office for National Statistics. The increase in consumer prices is broadly expected to influence discussions at the Bank of England ahead of of its next monetary policy decision. Rising inflation, which has been a key theme since Britain's surprise referendum decision to leave the European Union (EU) last June, is generally expected to heighten the probability of a rate hike...
Britain plans a new class of Navy frigate

Britain plans a new class of Navy frigate

Business
Sept. 8 (UPI) -- Britain's Ministry of Defense and Royal Navy have launched plans to obtain a new frigate to replace Type 23 frigates now in service.The project was announced Thursday by Minister for Defense Procurement Harriett Baldwin and came on the heels of the ministry's announcement of a new shipbuilding strategy."A day after we launched the National Shipbuilding Strategy, we are taking our first major step towards realizing it by launching the Type 31e program," Baldwin said in a press release."It will take the very best of British engineering, innovation and drive to achieve it and, as a nation, we have shown time and time again that we have what it takes to deliver. This program will re-energize a world-leading, vibrant and competitive British shipbuilding industry."Type 31e friga...
Farah wins final track race in Britain – report & highlights

Farah wins final track race in Britain – report & highlights

Sports
Media playback is not supported on this device British distance great Mo Farah sprinted clear to win the 3000m at the Birmingham Diamond League meeting in his final track meeting on home soil.The 34-year-old, who is switching to road racing in 2018, came home in seven minutes 38.64 seconds."This is it. All I dreamed of as a youngster was running for Britain," said the double Olympic champion. Elsewhere, Britain's Dina Asher-Smith came fifth in a 100m race won by Olympic champion Elaine Thompson.Relive Farah's final track race in BritainFarah took his sixth World Championship gold in London earlier this month - to go with two silvers - and also has four Olympic titles.Neither his narrow failure to complete another 5,000m and 10,000m world...