Market

BoE Warns of Impact of US Tariffs on UK Economy

Doha: Deputy Governor of the Bank of England (BoE) Clare Lombardelli said that US President Donald Trump’s global tariffs on US imports will depress economic activity, adding that the impact on inflation will be more difficult to untangle for policyma…

Dollar Slips on Yen, Swiss Franc, and Yuan Falls

Tokyo: The dollar lost 0.7% to 145.23 yen, heading back toward the recent six-month trough of 144.55 on Wednesday, amid growing concerns in global markets about the possibility of the imminent imposition by the US of 104% tariffs on China spooked worl…