ReportWire

Tag: newsplus

  • U.K. Public Borrowing Estimate Cut by $4 Billion Over Tax Data Error

    The U.K.’s troubled statistics office cut its estimate for net government borrowing by 3 billion pounds ($4.03 billion), a further setback for the agency that has faced criticism from the Bank of England and lawmakers.

    The Office for National Statistics said the U.K. government’s tax authority, HM Revenue and Customs, informed it of an error in value-added tax receipts data it supplied to the data agency.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Ed Frankl

    Source link

  • French Inflation Picks Up Pace as ECB Looks Likely to Keep Rates in Place

    Annual inflation picked up pace in France at the end of the summer, despite a political stalemate holding back economic activity, as the European Central Bank looks likely to keep interest rates untouched.

    Consumer prices rose 1.1% on year this month, EU-harmonized figures published by the country’s statistics authority showed Tuesday. That was a little less than economists had expected and keeps the rate below the 2% level targeted by the ECB, but nonetheless marks an increase to the fastest rate of annual inflation since the beginning of the year.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Joshua Kirby

    Source link

  • Rheinmetall to Build Ammunition Plant in Latvia

    Rheinmetall plans to build an ammunition plant in Latvia, as part of its efforts to ramp up production to respond to increasing demand from North Atlantic Treaty Organization’s member states.

    The German arms maker signed a preliminary deal in Hamburg on Thursday for the construction of a new 155mm ammunition factory in the Baltic country, helping Latvia to boost its deterrence vis-a-vis Russia.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Cristina Gallardo

    Source link