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The Latest Breaking News from ECB

Bank of England raises interest rates, predicts long recession

Every central banker dreams of their ‘whatever it takes‘ moment, a reference to then ECB President Mario Draghi’s 2012 commitment to preserve the euro.

Evening Standard

Ollie Robinson handed England recall for South Africa Tests after fitness struggles

England have recalled seamer Ollie Robinson after the 28-year-old made a successful return to action for Sussex, picking up nine wickets against Nottinghamshire in the County Championship

Daily Mirror

England confirm finer details of first tour of Pakistan in 17 years

England have not toured Pakistan since 2005 due to security concerns.

The Independent UK

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Qasim Sheikh on Scotland’s cricket racism scandal: ‘To know others won’t go through this is everything’

Former international batter tells Simon Burnton that the day of the report into failings that led the whole board in Scotland to resign was ‘the toughest of my life’

The Guardian - UK

Eurozone inflation hits record high of 8.9% as energy prices soar

Cost of living crisis comes as 19-member currency bloc beats growth forecasts in second quarter

The Guardian - UK

Eurozone inflation hits record 8.9% despite better-than-expected growth

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy still managed better-than-expected, if meager, growth in the second quarter.

France 24

Business of T20 leagues: Cricket all set to change again forever but not without a good deal of upheaval

MUMBAI: After Kerry Packer and the Australian television industry first changed the face of the game in 1976, followed by India's 1983 World Cup win that resulted in the birth of the sport's greatest-ever economy, and eventually the launch of the Indian Premier League (IPL) that revolutionized things forever, this…

The Times of India

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Azeem Rafiq claims ECB is "not fit for purpose" over handling of cricket racism scandal

Former Yorkshire spinner Azeem Rafiq has criticised the ECB over their handling of cricket's racism scandal, but the board say they are working hard to "deliver tangible progress"

Daily Mirror

Cricket must act to combat heat – and sooner than had been expected

Record temperatures left players and spectators struggling to cope in England last week, and the game needs global solutions

The Guardian - UK

Cricket chiefs dish out new contingency plans for extreme heat after Durham scorcher

Durham received plaudits for the way their staff helped fans keep cool with water distribution during the first ODI between England and South Africa

Daily Mirror

The Guardian view on European democracy: central bankers are villains and heroes

Editorial: The European Central Bank is effectively deciding how much a eurozone government can spend. That can’t last for long

The Guardian - UK

Thousands of Irish homeowners hit with hefty bill as mortgage rate set to increase

Approximately 300,000 Irish mortgage holders who are on tracker rates will be impacted

Dublin Live

ECB hikes interest rates for the first time in more than a decade as outlook darkens

The European Central Bank brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike, intended to combat soaring inflation. ECB President Christine Lagarde has warned of a darkening economic outlook.

Radio France Internationale

ASX ends flat as big four banks lift interest rate forecasts, ECB moves rates higher

The ASX ends its trading week with a flat session, as investors digested the European Central Bank's first rate rise in more than a decade amid growing political uncertainty in Italy.

ABC News

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The Guardian - AU

Morning mail: fossil fuels out of renewable fund, Ukraine plans trial for Russian leaders, news fatigue

Friday: Labor is rolling back changes to renewable energy agency made in the dying days of the Morrison government. Plus: why Australians are switching off the news

The Guardian - UK

S4 Capital’s share slump means Sir Martin Sorrell has a crisis on his hands

The advertising firm was already low on credit with investors and the latest numbers call its strategy into question

Benzinga

Why U.S. Stocks Are Trading Mixed; ECB Boosts Rates For First Time In 11 Years

U.S. stocks traded mixed this morning, with the Dow Jones dropping around 100 points on Thursday.

Axios

Europe's central bank surprises markets with bigger-than-expected rate hike

The move comes as the eurozone faces record-high inflation and a huge economic blow from Russia’s invasion of Ukraine.

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news in one place.

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Evening Standard

ECB hikes interest rates by 0.5% in its first rise in 11 years

Move will add pressure on Bank of England to follow suit

The Guardian - UK

European Central Bank raises interest rates for first time in 11 years

Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone

The Independent UK

Europe's central bank to join global push for higher rates

The European Central Bank is ready to join the U.S. Federal Reserve and the Bank of England in a global rush to raise interest rates and put a lid on galloping inflation

Al Jazeera

What is next for Italy after Prime Minister Draghi’s resignation?

The collapse of Draghi’s government opens the way for early elections in autumn.

The Guardian - UK

ECB raises interest rates more than expected to combat inflation – as it happened

ECB raises rates by half a point in its first hike in 11 years, UK government finances worsen amid record debt interest costs and Russia resumes limited gas supplies to Europe

The Guardian - UK

Interest rates: the three central banks facing one tricky balancing act

In the fight against inflation the ECB, Bank of England and Federal Reserve risk either doing too much too soon, or too little too late

The Independent UK

Italy political turmoil a headache for Europe's central bank

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago

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