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IN THE NEWS

Bank of England holds rate at 16-year high, signals looming cut

Bank of England holds rate at 16-year high, signals looming cut

The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession.

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Spanish court shelves Shakira tax fraud case

Spanish court shelves Shakira tax fraud case

A court in Spain said Thursday it has shelved a probe into another alleged tax fraud by Colombian pop star Shakira, putting an end to her legal woes in the country where she once lived.

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Bayern face uncertain future after Champions League exit

Bayern face uncertain future after Champions League exit

Bayern Munich's Champions League elimination at the hands of Real Madrid on Wednesday will kick-start a summer of soul-searching with the German giants facing an uncertain future.

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Rafah struck after Biden warning on arms transfers

Rafah struck after Biden warning on arms transfers

Smoke rose from strikes on Gaza's crowded southern city of Rafah Thursday after US President Joe Biden vowed to cut off artillery shells and other weapons supplied to Israel if a full-scale offensive into the city goes ahead.

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European stocks stutter before Bank of England rate call

European stocks stutter before Bank of England rate call

European stock markets wavered on Thursday but with London close to a record peak before a Bank of England decision on interest rates.

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Italian tennis star Giorgi retires

Italian tennis star Giorgi retires

Italian tennis player Camila Giorgi, a four-time winner on the WTA circuit, has retired at the age of 32, Italy's tennis federation (FITP) has announced.

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Inevitable Madrid continue Champions League love affair

Inevitable Madrid continue Champions League love affair

Real Madrid turned to the same old story in the Champions League and even though Bayern Munich knew all of the words, they were powerless to stop the kings of Europe pulling off another improbable and yet inevitable comeback.

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Nissan net profit nearly doubles despite China challenges

Nissan net profit nearly doubles despite China challenges

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.

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Spain vows to block BBVA's hostile bid for rival bank

Spain vows to block BBVA's hostile bid for rival bank

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

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Olympic torch relay sets off in Marseille

Olympic torch relay sets off in Marseille

The Olympic torch relay began in Marseille on Thursday with football legend Basile Boli taking the flame in front of the iconic basilica of Notre-Dame de la Garde, a day after it made a spectacular entrance by sea.

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