Investment Week (June 16)
“The industry has labelled the Bank of England a ‘timid cat’ following its interest rate rise of 0.25% in its bid to tackle inflation on Thursday (16 May), with many stating it was simply prolonging the time till they take the necessary action.” Following the 25-basis-point hike, UK interest rates stand at 1.25%, with the BoE expecting inflation “to peak at 11% in October.”
Tags: 0.25%, 1.25%, Action, BOE, Inflation, Interest rate, Necessary, October, Peak, Prolonging, Rise, Timid cat, UK
Endgadget (June 16)
“Microsoft has been sounding the death knell for Internet Explorer for months, but many businesses in Japan seemingly did not take heed. Almost half were said to still be using the browser, for which Microsoft ended support yesterday.” The heel dragging “on switching to other browsers” could “cause chaos for months.”
Tags: Browser, Businesses, Chaos, Death knell, Heel dragging, Internet Explorer, Japan, Microsoft, Support