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BoE holds interest rate after inflation rise
BoE holds interest rate after inflation rise
Economy
by  AFP

The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again. The BoE reduced its key interest rate in August for the first time since early 2020, from a 16-year high of 5.25 percent as UK inflation returned to normal levels.

Portugal, Spain, France bust contaminated seafood ring
Portugal, Spain, France bust contaminated seafood ring
Economy
by  AFP

A European operation has spared revellers a potential food poisoning nightmare before Christmas, seizing 30 tonnes of molluscs illegally fished in polluted waters and arresting 62 suspects, authorities said on Thursday. Law enforcement in Portugal, France and Spain seized the molluscs and six tonnes of glass eels worth up to 10 million euros ($10.4 million) on the seafood market, Europol said.