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February 18th - UK inflation has fallen to its lowest level since March 2025, providing strong support for a Bank of England rate cut at its meeting next month. The Office for National Statistics said on Wednesday that the CPI rose 3% year-on-year in January, down from 3.4% in the previous month. The largest drop came from motor fuels, with the average price of petrol falling by £3.10 per liter between December 2025 and January 2026. Services inflation fell to 4.4%, slightly higher than the market expectation of 4.3%. The Bank of England had previously forecast 4.1%. Todays inflation data is the last set of data released by the Bank of England before its interest rate decision at its March 19th meeting. Doves on the Monetary Policy Committee may be optimistic about the inflation figures.Market news: The number of tourists from South Korea to Japan increased by 22% in January.Market news: The number of tourists entering Japan in January fell by 4.9% year-on-year, marking the first decline in four years.February 18th - Official data released on Wednesday showed that the UKs annual CPI fell to 3.0% in January from 3.4% in December, largely in line with expectations. The Bank of England had earlier this month projected that overall inflation would fall to 2.9%. Currently, the UKs inflation rate is higher than that of the US and the Eurozone. In January, the US and Eurozone inflation rates were 2.4% and 1.7%, respectively. Investors expect the Bank of England to cut the benchmark interest rate to 3.5% at its next meeting in March, after a narrow vote to keep rates unchanged in February, despite some policymakers remaining concerned about potential inflationary pressures.February 18th - Sanae Takaichi, president of Japans Liberal Democratic Party, was elected as Japans 105th Prime Minister on the 18th through the prime ministerial nomination election held by the House of Representatives and the House of Councillors. Takaichi will now begin forming her new cabinet. That evening, the new cabinet will be formally established after the appointment ceremony at the Imperial Palace and the at attestation of the cabinet ministers.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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