Further bomb threats disrupt at least another 18 flights across Europe

Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout European stock markets are expected to join the selloff when trading begins, in around 45 minutes. The UK’s FTSE 100 share index is being called down over 1% in IG’s futures market, as is Germany’s DAX index. Continue reading...

New policy would permit passengers to take firearms to their seats in lockboxes on 1,500 trains a day across the US The Transport Workers Union, which represents 360 onboard service workers at national passenger rail operator Amtrak, has lambasted the planned implementation of a new policy that would permit passengers to bring their guns on its US intercity trains. The forthcoming protocols will allow people to carry on firearms in personal lock boxes. Continue reading...

First rate rise for more than three years leaves millions facing rise in mortgage payments Bank of England raises interest rates to 4% Business live – latest updates The Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate to 4%. It is the first rate rise for more than three years, leaving millions of households facing a sharp rise in mortgage payments. Continue reading...

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years. Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking ar